O.K, lets go over the printing money scams again one more time.
the printing money is a global war we fight. every nation do so. they do- or their currency devalued.
problem is, every time we print currency, the amount in circulation grow, so each one worth a bit less.
this is why nations use tariffs, on imports, to protect the local economy. every nation dose. they do- or they go under.
problem is, we have an upside-down import/export rate. that's because we manufactured GDP less then we buy. the result is that other nations get stuck with our currency.
at the beginning, they used our currency, to buy good from other country's.
but because we kept printing money, other country's gut stuck with our currency as well.
oh boy, what to do?.
what have happened, and WILL continue, is that other nations refuse to trade using our currency.
back in late 2010 34% of the world economy was done using the American $. now days, last month only 27%. might not be much for readers. but currently this is by far the greatest risk to our economy.
9 of the G20 country's now have trade agreements in place that prohibited trading using the American $. this mean, that all the $'s around the world are on their way back home.
this is why we see manufacturing coming back to the US. we are becoming the slave labor of the world economy.
just 2 days ago Obama stood in M.A celebrating the return of manufacturing into the US. in his view it's all good, while the truth is that our currency is so much devalued, other nations makes a killing over trading it. in his speech Obama said that some of it is the result of his newly signed trade and tariff agreement with the EU, and other nations. just another lie. those agreements simply allowed for our currency to be less valued.
the only way to stop this, is by stopping the printing machine, balancing our trade books, and living within our means. so long that we consumed more then we produced- printing more money simply make the situation so much greater.
there is WAY more to it, but for now it is just about enough...