US Trade Deficit Dramatically Shrinks in October, As Expected
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15 Comments
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2 years ago
If we had the same demographic makeup as Japan we would be in a recession and have been in one for over a year now like Japan. Japan is literally monetizing their whole economy from money created out of thin air.
As of 2021, the Japanese public debt is estimated to be approximately US$13.11 trillion US Dollars (1.4 quadrillion yen), or 266% of GDP, and is the highest of any developed nation. 45% of this debt is held by the Bank of Japan.
I see the WSJ even has come around to what I’ve been saying for over a decade now.
link to wsj.com
But the economy is not as bad as some think in Japan according to the Economist.
link to economist.com
So if a country with Japan’s demographic makeup and lack of population growth can fake it, so can we.
2 years ago
There’s a huge difference between the US and Japan. Japan doesn’t have a huge trade deficit. They can compartmentalize their debt internally. The US can’t. We rely on foreign purchases of our debt.
2 years ago
Are you sure those are actual foreign purchases and not some random computer in the Cayman Islands run by the Fed ? Bond auctions were manipulated from the Caymans by Federal Reserve banks as far back as the 1980s. I doubt they stopped doing that.
2 years ago
We don’t rely on foreign purchases of our debt.
2 years ago
link to ticdata.treasury.gov
foreigners hold $7.5t of US government debt.
2 years ago
I suspect some of this is caused by Christmas orders being done earlier than usual because of expected shipping delays.
2 years ago
Utah Makes Welfarelink to propublica.org, Some Feel They Must Join the LDS Church to Get Aid.
2 years ago
And if you invest through the church it is tax deferred and eventually tax free. This is how Mitt Romney avoided federal taxes for over a decade. I’ve debated starting a paper religious organization for the same reasons. Evidently any money that invested through a church can have tax free growth.
2 years ago
Thanks for this. This case will be a cakewalk for the Feds.
2 years ago
All empires die the exact same way, They run out of silver to pay the troops at the border.
2 years ago
Rome, when silver denarii had become so debased, the emperors started paying their troops in gold. At first it was the barbarian mercenaries who insisted on gold and it was later expanded to all the soldiers. Today or perhaps soon I would expect that our troops will not be paid in gold but bitcoin.
2 years ago
What would they use to buy the Bitcoin? -:)
2 years ago
They would mine it of course using slaves taking care of the windmills, solar panels and possibly pedaling stationary bicycles to generate the electricity needed to mine the bitcoin. The soldiers of course would procure them.
2 years ago
Very good. 🙂
2 years ago
There is a solution to everything if you think it through.