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Tradeoffs


Tradeoffs13-12-2023 22:00
keepit
★★★★★
(3037)
Again the fed trades (buys) more jobs (low unemployment) and accepts a bit of inflation.
It's similar to the Treasury trading of stimulus checks (to feed poor children during covid) for a bit of inflation. Both trades are ok by me. More people getting paychecks equals higher prices. Sure, you'll get some bellyaching. So what?
13-12-2023 22:56
SwanProfile picture★★★★★
(5642)
keepit wrote:
Again the fed trades (buys) more jobs (low unemployment) and accepts a bit of inflation.
It's similar to the Treasury trading of stimulus checks (to feed poor children during covid) for a bit of inflation. Both trades are ok by me. More people getting paychecks equals higher prices. Sure, you'll get some bellyaching. So what?


So did you give up on your trillion dollar coin solutions


IBdaMann claims that Gold is a molecule, and that the last ice age never happened because I was not there to see it. The only conclusion that can be drawn from this is that IBdaMann is clearly not using enough LSD.

According to CDC/Government info, people who were vaccinated are now DYING at a higher rate than non-vaccinated people, which exposes the covid vaccines as the poison that they are, this is now fully confirmed by the terrorist CDC

This place is quieter than the FBI commenting on the chink bank account information on Hunter Xiden's laptop

I LOVE TRUMP BECAUSE HE PISSES OFF ALL THE PEOPLE THAT I CAN'T STAND.

ULTRA MAGA

"Being unwanted, unloved, uncared for, forgotten by everybody, I think that is a much greater hunger, a much greater poverty than the person who has nothing to eat." MOTHER THERESA OF CALCUTTA

So why is helping to hide the murder of an American president patriotic?


It's time to dig up Joseph Mccarthey and show him TikTok, then duck.


Now be honest, was I correct or was I correct? LOL
13-12-2023 22:59
keepit
★★★★★
(3037)
I don't really have a solution Swan. I wish i did.
13-12-2023 23:42
James_
★★★★★
(2015)
keepit wrote:
I don't really have a solution Swan. I wish i did.



The trade deficit and the budget deficit for 2023 are about the same. It shows
what exporting $900 Billion does to an economy.
https://www.census.gov/foreign-trade/balance/c0004.html
14-12-2023 01:22
keepit
★★★★★
(3037)
James,
This is a great economy. I've been hearing fear mongering about the trade deficit for 50 years. I think there's only been one year (if that) where the us had a trade surplus and yet we've managed. IMHO the federal deficit is because of mismanagement of the social security and medicare through the years. That and donations to foreign aid.
I think the fed has done a masterful job of managing the tradeoff between jobs and inflation the last few years.

I could be wrong but i don't see the connection between budget deficit and trade deficit. The certainly don't track through every year.
Please explain your reasoning. I 'm sure you think things through.
Edited on 14-12-2023 01:26
14-12-2023 03:03
James_
★★★★★
(2015)
keepit wrote:
James,
This is a great economy. I've been hearing fear mongering about the trade deficit for 50 years. I think there's only been one year (if that) where the us had a trade surplus and yet we've managed. IMHO the federal deficit is because of mismanagement of the social security and medicare through the years. That and donations to foreign aid.
I think the fed has done a masterful job of managing the tradeoff between jobs and inflation the last few years.

I could be wrong but i don't see the connection between budget deficit and trade deficit. The certainly don't track through every year.
Please explain your reasoning. I 'm sure you think things through.



The trade deficit didn't start growing until the year 2000. If you notice when the trade deficit increased for a few years then the budget deficit increased because of the lost tax revenue. Basic economics. So your saying 50 years just never happened.
Also, what about the infrastructure in the U.S.? That's falling apart but no money in the budget for that or even faster trains. However literally trillions has been spent on war. Rome fell when it spent its money on war and had political infighting like the U.S.
And the U.S. has rising food prices, why? Oh yeah, there's drought and depleted aquifers west of the Mississippi River. Not a problem because we're supporting Jude's Zionism which goes against a 2 State solution which U.N. Resolution 181 and the partition plan of 1947 was supposed to create.
The kinks are where I got the graphs from.

p.s., The covid pandemic can be ignored. And after it? The trade deficit parallels the budget deficit. Why that is an issue is if the EU is carrying less debt to GDP then the U.S. dollar will start losing its value. This is because more countries will be selling the U.S. dollars they are holding and will start buy Euros.
https://www.macrotrends.net/countries/USA/united-states/trade-balance-deficit
And https://www.statista.com/statistics/200410/surplus-or-deficit-of-the-us-governments-budget-since-2000/
Attached image:


Edited on 14-12-2023 03:07
14-12-2023 03:24
keepit
★★★★★
(3037)
Sorry James, i can't follow what you're saying.
14-12-2023 03:46
James_
★★★★★
(2015)
keepit wrote:
Sorry James, i can't follow what you're saying.



The top graph is budget deficit. The bottom graph is trade deficit. The years
of trade deficit led to years of budget deficit.
With the value of the dollar, it is dependent on other countries holding U.S. dollars. If their currency falters they have U.S. dollars which don't. What hurts China is the Politburo determines the exchange rate, why no one trusts China.
I did a quick check and the Euro basically has a debt of 90% equal to the income of the European Union. With the U.S., the national debt is 120% of America's GDP.
Basically for how much income is earned in the U.S. per year, the budget deficit is greater.
An example is if all income each year (businesses and individuals) in the U.S. is $20 Trillion, the money the U.S. has printed over the years is $24 Trillion.
With this graph https://fred.stlouisfed.org/series/GFDEGDQ188S it shows that in 2010 things changed for the worse.

p.s., A serious issue is if countries start selling U.S. dollars to buy Euros, that would have severe trade ramifications. Why the U.S. needs to be more conscientious.
Edited on 14-12-2023 03:51
14-12-2023 19:04
keepit
★★★★★
(3037)
James,
What you said about trade deficit and taxes paid might be relevant. Could you show some numbers that align with that?
14-12-2023 20:04
James_
★★★★★
(2015)
keepit wrote:
James,
What you said about trade deficit and taxes paid might be relevant. Could you show some numbers that align with that?



Payroll taxes is an obvious one. And then the spending by employees in other countries improves that economy.
It's like riverboat casinos in Louisiana, they'll advertise a 96% payout. And that means they keep $4 out of every $100 spent.
14-12-2023 20:40
keepit
★★★★★
(3037)
Do you have totals to back up what you hypothesize?
One thing that might help you is that in general, about 20 % of gdp comes back in tax revenue. Of course that money gets respent and respent (which confuses the matter).
14-12-2023 21:58
James_
★★★★★
(2015)
keepit wrote:
Do you have totals to back up what you hypothesize?
One thing that might help you is that in general, about 20 % of gdp comes back in tax revenue. Of course that money gets respent and respent (which confuses the matter).



Not when it's spent in another country it doesn't.
17-12-2023 00:19
IBdaMannProfile picture★★★★★
(14338)
keepit wrote: One thing that might help you is that in general, about 20 % of gdp comes back in tax revenue.

keepit, you are being stupid again. I know, what a surprise.

GDP is not a loss of any sort. It is a gain. No part of GDP can somehow "come back."

keepit wrote: Of course that money gets respent and respent (which confuses the matter).

No, that does not somehow confuse the matter any. The nature of money is that it can be "spent" indefinitely in an unlimited chain of purchases.

The velocity of the money in question is one of the truer measures of an economy.
Attached image:

17-12-2023 03:55
James_
★★★★★
(2015)
IBdaMann wrote:
keepit wrote: One thing that might help you is that in general, about 20 % of gdp comes back in tax revenue.

keepit, you are being stupid again. I know, what a surprise.

GDP is not a loss of any sort. It is a gain. No part of GDP can somehow "come back."

keepit wrote: Of course that money gets respent and respent (which confuses the matter).

No, that does not somehow confuse the matter any. The nature of money is that it can be "spent" indefinitely in an unlimited chain of purchases.

The velocity of the money in question is one of the truer measures of an economy.



Most people don't aren't aware of what economists say about trade deficits and surpluses. A surplus allows you to buy the other country while a deficit allows your country to be bought. Budget deficits help to prevent a country becoming affordable enough to buy.
18-12-2023 05:33
keepit
★★★★★
(3037)
ibd,
It sounds like you have some sort of problem with the hidden dimensions which most people think of as very small dimensions hidden in the calabai yao spaces. Do you have a problem with larger dimensions than the ones we as humans actually see with our senses and process with our brains? Do you have a problem with those dimensions? Think of the book "Flatland" where a one dimensional creature lived on one dimensions and couldn't see or conceive of any additional dimensions. Think of us living in the world we live but think of us as actually living in a world of many more dimensions that we actually can see at the moment.




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