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| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
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WHAT TO DO?
It has been said that there are only three ways in which negative trade balances can be restored: (1) the deficit-incurring country (USA) must cease excessive credit (debt) expansion which sucks in imports faster than incomes warrant and allow interest rates to climb to reverse debt ratios, (2) other countries must inflate their economies to over-price their own production so as to suck up more U.S. exports, (3) the deficit country (USA) must allow its currency to depreciate to drive up prices.
http://rescomp.stanford.edu/~cheshire/EinsteinQuotes.html
"We can't solve problems by using the same kind of thinking we used when we created them."
The utilization of an accurate currency having the lowest possible cost is the solution to the currency problem.
The higher the accuracy the lower will be the cost.
The utilization of accurate credit data to move currency to those who earn credit is the solution to the investment problem.
Moving credit to those who earn credit is the solution to the incentive problem.
Utilization of accurate credit data to move currency to those who earn credit is the solution to the debt problem too; who gives theives credit and more importantly who rewards people who repeat, over and over again, the mistake of giving credit to theives, liars, torturers, and mass murderers.
It is the STUPID currency - STUPID!
No More Legal Criminals.