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View Full Version : Economic Crisis: We may be getting ready to pay back China and India.


Yar-El
10-10-2008, 12:04 PM
Economic Crisis: We may be getting ready to pay back China and India.
Article: U.S. trade deficit down slightly in August (http://www.msnbc.msn.com/id/27114533/)
Deficit likely to shrink in coming months amid economic slump

I may have just figured this whole thing out. One of the biggest ways to overcome a deficit is the break the economy. We have done this throughout history, and we are doing it at this moment. How do you shrink a deficit? You break the economic system, so that the costs per month would go down. We may be getting ready to repay China and India. This technique is not advertised due to its questionable practice. We will eventually recover, but it will take some time. I'm not an economic specialist, so I can't give anyone a real breakdown on how this works. It has to do with forcing interest rates to a very low level, so that the minimum amount due is extremely small. The more the dollar costs, the more we can pay back the debt. When the technique was used in the past, we didn't live in a global market. So, we have to make all of the markets crash.

Article: What originally caused the trade deficit. (http://www.johnmugarian.com/2005/12/what_caused_the_trade_deficit.html)

El Sitherino
10-10-2008, 12:53 PM
There's already threads on the economic crisis, you can post this in one of those.