Trade Deficit has crippled the United States of America

1) Rate of exchange.

2) Predatory pricing.

3) Government limitation of domestic consumption.

As for why:

1) International economics.

2) Market penetration.

3) Foreign currency while keeping internal factors under control.

Tom

 

A very good documentary available in its entirety on Netflix' Watch Instantly streaming service.

 

You got it exactly: targeted industrial policy. It's not that the goods are cheaper here, they are artificially more expensive in the producing country.

In other cases it's simply labor and environmental costs. If you can make something for a lot less, you still have room for shipping costs. Shipping can be surprisingly inexpensive when done in bulk, although rising fuel costs will tend to change that.

Tom

 

It hurts my brain reading people discuss this subject in circles....but I guess that is what makes the local bar such a stalwart of man-culture. This video explains where everything that you are discussing starts and ends.

 

Forget it. There are some manufacturers still opening up shop in the US, even notable ones (and not just automotive, but Intel I think recently opened a big one). But for each of those you've got far more shipping outside. Only very specific circumstances encourage manufacturing here. Knowledge-based manufacturing or transportation concerns or high automation (thus decreasing the impact of worker salaries) are some reasons to keep it here but if you want a relatively standard product to be manufactured you wouldn't even bother making it here, you'd engage the Chinese right off the bat.

 

Lindbergh also said:

Tom

 

So what? I could just as easily quote dozens (probably hundreds) of others on the matter.

Here's a few more if it makes you feel better:

“The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than beaurocracy. It denounces as public enemies all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.†Abe Lincoln


"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs." — Thomas Jefferson, U.S. President.


"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance." — James Madison.

 

My point is that Lindbergh is not a great person to quote, unless you are talking about aviation.

The others in your list are quite a different matter. Why not use one of their quotes instead?

Tom

 

Well for one thing, the Lindbergh I quoted was the Congressman father, not the aviator son Lindbergh Jr. who you quote, although the confusion is nothing new. For another, Lindbergh Sr. was correct about a lot of things- especially the Federal Reserve cartel. And I don't really see a problem using his statement since it was completely accurate. The substance and validity of the information is more important to me than the propaganda put out against the messenger.

Did you even watch the video I posted?

 

Gotcha. My mistake. Lindbergh Jr. is often revered, although he had some unflattering characteristics.

What video? I was responding only to your signature.

Tom

 

How does watching "The Corporation" constitute giving up? It's not exactly America's Next Top Model; it's serious, mind-changing stuff. Don't knock it until you've tried it.

 

Someone might be able to explain why better then me.

Many cars are cheaper in the USA then in their home countries despite the fact that they need to be shipped here. I think the Prius was cheaper here then in Japan at a number of times. Apple products are cheaper in the USA then in China and other countries despite being made in China.

Steel and memory chips from Asia were dumped in the USA allegedly below manufacturing cost!

 

We don't load them up with the same VATs and HSTs and road taxes and other contributions to the government.

Local Chinese brands are much cheaper than real US-brand products anywhere.

 

Cheaper here for tax reasons. I know some vehicles produced in Ontario and shipped down here are cheaper than in Ontario, for example. And Canada is a net exporter of oil, but gasoline is more expensive there than in the US for the same reason.