Re: New World Order
our production value of final goods(gdp) is greater than our debt because we used that debt to consume those goods, which will expand production to service that new demand for goods thanks to that debt.
debt does not equal consumption, i never said that, i said people went into debt to consume, i never claimied debt is larger then gdp.
i claimed their is a trade defecit of billions a month, meaning there are tons of products coming in from other countries, way moer than leaving, NOW THE BIG QUESTION, WHY DO WE HAVE A TRADE DEFICIT?? BECAUSE WE CONSUME MORE THAN WE PRODUCE
Last edited by AniMeFaN; 04-24-2010 at 08:57 PM.