Carl leason

What's Keeping the Dollar Down?

The guys at the Fed. Reserve are only "practicing" to find out how the economy really works. When they do wake up, they leave, and take real jobs , like the rest of us !!
Anyone with a 2nd grade ed. knows that you can't continue to spend more than you make, but that's what the Gov. has been doing for many years. At ALL LEVELS !
The biggest problem of all is that we have a NAFTA agreement that allows other countries to ship goods into this country , duty free, and take worthless dollars for those products. The Fed. Gov. at all levels, does not seem to get it in their heads, that we can't continue to send jobs overeas, and import virtually everything, and pay with dollars tht are not worth the paper they are printed on.
We , as a country are losing jobs at an alarming rate, but the guys in Washington, seem to think it's great that the things we import are so cheap ! Welll, now they are only starting to wake up. What we truly need is FAIR trade, in other words, let other countries as a whole, import anything up the total amount that we export. And that's it,...the imports stop until they buy an equal amount of American products, that we export !
I spent many years overseas, and the central banks in most countries just plain shut off imports, until exports gave them some real money with which to trade. That's the real answer !! Any time we import anything, and pay with dollars, ...foreign countries countries just end up holding a bag of dollars that are worth less and less every day !!
Nafta simply opened the doors wide to all imports while the foreign Governments charged duty on anything we sent to them !
That's not "Fair" trade !!! Fair trade is when imports equal exports. !
Period. The reason for the high price of oil for example, is not that oil is scarce, it;s just being paid for in dollars that have no value anymore. so they just charge more and more Dollars to make up for the "falling dollar".
I can;t figure out why that's so hard to understand, but I guess
it's because we keep electing politians who simply don't understand basic economics ! If you people don't understand this ,...go back to school and take some basic Econ. courses !!
LC