Okay so, first I'd like to ask my reader not to shoot the messenger for merely putting forth this observation.
You see, I did not produce the global economy, nor was I involved in the corruption which lopsided it.
Nevertheless, I've a few things to say.
First, I would like to have a discussion with you about our nation's trade deficit, and I'd like to keep this dialogue completely philosophical in nature.
Now then let's begin.
First, it seems as if socialists believe the way to keep and economy churning is to print money.
By putting more money out there, there is more money flowing around, and when it flows around more people are employed, and more productivity is needed.
Supposedly, this all works, but then there's that unfortunate thing called inflation, which kind of ruins the whole plan.
This doesn't mean that we don't need to put money into the system, we very much do.
However, we have to be careful how much money comes into the system, and whether it is put in by our central bank, created out of thin air in the stock market, or comes flowing into our nation as a safe haven from our trading partners abroad.
Currently, using quantitative easing we've been putting money into the system in a Keynesian economic strategy, unfortunately, we have to put more money in because that money doesn't stay here for very long.
Why you ask? Because we have a terrible trade deficit, but what happens when that trade deficit changes because we are once again exporting energy, or because all the money we've previously printed has hyper-inflated emerging markets where low cost labor exists, and now that money is flying into safe haven, that is to say United States' banks, stock market, and investments, including real estate? Well then we need to stop printing money, otherwise we double up on the problem.
Then we have hyperinflation here as well.
If we turn off the spigot here, and suck the money from all of our trading partners, then they don't have any capital to run their countries either.
That becomes a real problem.
Now we could continue pumping money into those other countries using foreign aid, but it would eventually make it back here to safe haven again because our economy was cooking along so well.
If that happens our banks become to flush with money, and they start making stupid loans, and consumers and businesses take out loans they cannot repay thinking that the growth will continue at the same rate indefinitely, something we know cannot occur mathematically, statistically, and hasn't occurred in history either.
We've gotten ourselves into a little bit of pickle, and we have the rest of the world doing our bidding, and they are going to pay just like we will if we don't control the situation.
Well, with all of that said, we need some brilliance, high intellect, and super savvy economists to be running our Federal Reserve, Treasury Department, and presidential leadership in the near future.
This is not a game to be played by politicians seeking more power, or funneling it to their crony capitalist friends.
What we do from here on out will affect the future of our nation, our economic stability, and the future of all Americans, not to mention the rest of the world.
Yes I'm serious, but no I don't want the job.