why is it called deficit?
>>61559395>has trade deficit>tanks own economy to eliminate trade deficitwhat did they mean by this
>>61559423what would you call it
>>61559395>states where people have a lot of voting power are left as post-industrial shitholes>nobody cares>they start electing the first retard that slightly panders to themI'm not a genius but that was easy to foresee
all of the money goes to jewsand it also requires us to pay and owe 100 gorillion dollars to jews in order to fund militaries to make OP's pic even possibleIt's actually the gayest thing ever, mogged hard by BTC, silver and XMR
>>61559953Giving away worthless paper for goods? Why is that a bad thing?
>>61560009yeah but it needs a term, "ruling the world and scamming vassal nations forever as long as you aren't a complete fucking retard" doesn't really roll off the tongue. but I guess we needed to be more explicit
>>61560014But trade surplus is also good because it makes goods cheaper within the own nation
>>61559395I voted for this
>>6156000970% of it is held by US citizens or US business and government entities.
Shut up, kike
>>61560085>US citizens and businesses disproportionately benefited from the trade "deficit"indeed, can we go back to what we were doing instead of the complete opposite (raping US citizens and businesses to death with tariffs)?
>>61560009>>61560085also this chart is from 7 years ago, when the national debt was nearly 60% less than what it is today. it's over.
>>61560107You have to go back, pedro
>>61560113Heil Mother Russia Comrade
>>61560107Upper class of america benefited while the middle and lower class, with less stake in the game, were only rewarded with cheaper consumer goods (slop and chinese plastic toys from walmart) and lost jobs. Surprise surprise, those people can still vote and didnt like trading their jobs for funko pops
Bleeding wealth with no return income isn't good actually. China was the first to wisen up to this, we buy their exports, but they don't buy our service economy, enforcing their own domestic version of it. Thereby sucking up our wealth without having to return/recycle it into our service economy.
Americans want to be putting the little screws into the iPhone shell kek.
>>61560354No we just need our lower class to be doing that instead of gobbling up welfare and shooting each other.
>>61560354what's the alternative? our economy is a joke: like 50% of our GDP (fake and gay metric) is a combination of plywood box real estate, professional services email jobs, b2b saas cloud ad revenue nonsense, and various other jewish scams like banking/insurance/wholesaling. as the rest of the world pivots away from the (increasingly worthless) dollar as a reserve currency and debt investments which are repaid in worthless dollars, what do you think will happen to our domestic economy?
>>61559395I also voted for this. Autarky in America
>>61560344>the american poor saw their quality of life go up>this is le bad and must be stopped so they can work in factories for pennies instead of chinese and vietnamese doing it instead>>61560348>>61560357>>61560369pure self-destructive propaganda based on emotion, not facts. you don't even understand what you're trying to throw away
>>61560369Service jobs
>>61560435Did you not read what i just wrote? The poor saw their quality life go down because even though the price of t shirts at walmart was cut in half ($30->$15), they lost their fulltime jobs. That job was replaced with part time uber driving and part time door dashing with no healthcare and lower overall wage, and the price of a house (equity) doubledIm sure they really loved that t shirt though!
>>61560435We aren't throwing away anything lol. Reshoring does not require giving anything up as it turns out because the prior kike administrations were doing it all >for free.
>>61560435>the american poor saw their quality of life go uphere we have yet another mutt retard who equates cheap plastic baubles with 'quality of life improvements.' housing, education, healthcare, childcare, access to skilled trades, etc. have all become more expensive while your access to extruded corn slop HFCS snacks, $300 80" TVs preloaded with hardware level ads, microplastics laden clothing that falls apart after 5 wash-dry cycles, etc. has increased, and your obese retard ass considers this a win.
>>61560451the poor are going to remain poor, lowering the cost of their every day expenses (which you subsidize anyway) is the goal, not to give them a pointless mcjob. your method is the reason white collar jobs are now being excavated to death by LLMs, those jobs were completely pointless to begin with and existed only to service the myth of "dignified employment">>61560452yes I understand you are stupid and don't get it, that's not your fault
>>61560443middle class service jobs don't exist. you have low wage service jobs (fast food, walmart, etc.) and you have upper middle class service jobs (professional services.)
>>61560469>calls other people stupid>doesn't understand that you need to give immoral retards something productive to do or else they destroy societycool. I'm guessing you're a neet or something.
>>61560465>why don't I live in a mcmansion and drive a ferrari while my 15 retarded children attend le ecole d' prestige, this is an OUTRAGE, time to destroy everything including myselflol
what are you going to do about the robots magaturdsyour jerbs aren't coming backunless you are joining forces with reddit basedjacks in petitioning for UBI (fake useless jobs are UBI)
>>61560481So now we're saying manufacturing is actually about manning/operating/maintaining robots and sophisticated factory processes? All the more reason to reshore it as it can be done domestically at scale without need for foreign slaves.
>>61560469I agree that poor people will always exist. The issue is that the problems i described are now affecting the middle class as well. They and the lower class are now lumped into one half of the current k shaped economy. A shrinking middle class is a death knell for an economy and that wont be fixed unless the middle class can have a job and contribute to society, AND unless the poor have a path forward into the middle class. Currently, its the opposite: middle class people are moving downAnd the LLM job replacement hype is just that, hype. LLMs have not been shown to boost productivity or revenue in a meaningful, widescale way yet. You fell for corporate layoffs that were either a) frontrunning productivity they expected, but did not yet see, or b) (more likely) was just a cover story for firing people that were brought on unnecessarily during the covid job market boom
>>61560495you don't need as many people with automationAI will do it or telecommuting indonesians will do it.you get nothing good day sir
it does if you do not have the access to the money printingit means all manufacturing and labor to produce these things go to other countries and you become inevitably subservient to themthis is good only if you are the goodest goy or the jewest of jews
>>61560519Wow. For something so "useless" and "hopeless" you guys sure spend lots of time on the internet trying to convince us not to go after it. Crazy stuff!!!!
>play globohomo handicap so shithole countries get rich>they start to look down on muricans like yuro snobsWhatever they're bitching about right now, they deserve it
>>61560588why do you deserve respect? you unironically worship niggers, serve kikes, and try to export this model to all corners of the earth>but muh pre-1960's US culturewhat about it? gone, as relevant as the Hittitesyour country was founded in 1965
>>61560479>>61561731>strawmen so thin with chaff they can barely be seen as separate from the support sticksSo this is the superior intelligence and debating skills of the 3rd worlder we are supposed to be importing en masse
I can't believe it was easier to get a job in the face of active discrimination against whites than with MAGA Maoists destroying the economy on the basis of memes.
>>61560495You can't do that when you make robots and raw materials more expensive. You just become unemployed and more dependent on imports.
>>61560479*L'école de prestige
>>61559395But what about the north dakota vanilla farmers?
I did the math based on this and it takes about 443 seconds for the trade deficit to go down by a million so it would take 15 years to clear ithttps://www.usdebtclock.org/#
>>61560435>quality of life means sending all your jobs overseas and being able to buy cheap Chinese crap but not a houseFuck that.
>>61563853Madagascar population: 32MNorth Dakota population: 800K Are there enough ND vanilla farmers to meet the demand for vanilla?
>>61559423because in the specific line of business (trade) you are losing money
>>61560014>but I guess we needed to be more explicitWe did, I just can't believe that the 'global economic order', that was set up by the great American men who won WW2, to work for us in our favor, that placed us at the center of the world, was ever allowed to be re-sold to Americans as unfair or that we're "being taken advantage of". It shows how narcissistic and clueless Americans really are.>we create a system that is massively unfair... in our favor>time passes **>retarded Americans: "This is unfair for us!"You have all of these international organizations that we essentially control, that demonstrably benefit the US over everyone else, that Russia and China have been trying to undermine - because it's fucking awesome (for us, not them). But that's bad, because it's globalization, and globalization is woke and immigrants.What if instead, we just conceded that globalization is mostly a good thing, but its benefits are just unfairly distributed? If we simply change who benefits from globalization, from the rich to normal Americans, then wouldn't that allow us to keep the benefits of globalization while improving all of our lives? You can even quell the influx of legal immigrants, and still reap the rewards of the international status quo.But you'd never expect kind of analysis from a guy who lives in a golden tower, or the types of people who vote for someone like that.
Is this the /TDS/ general?You lost, tranny
>>61559991This is accurate and fair, Biden tried to correct this by pandering even harder but they were too far gone at that point.>>61560002The benefits of globalization does indeed go to the worst among us, and it's not fair. Of course the common man starts to equivocate a "good idea" with a "good idea used incorrectly". But how could we have prevented this?In the 80s, our parents voted for "trickle down economics", which gutted our social system and put all the power into the hands of the private sector (the financial/business people). In the 90s, the economy was so good that the effects of Reaganomics weren't so bad, and housing prices were increasing so the average wealth was going up for most people.Then 9/11 happened, and the only thing that middle America cared about was waving the flag and "fighting them over there". While they slowly got poorer, but they didn't notice because we've got to, "support the troops".Then the Great Recession happened in 07, and things were shit for 3-4 years. But then tech when on the biggest tear in US history right as the Fed dropped interest rates to 0%, inflating the stock market and minting tech billionaires and millionaires left and right. In 2014 If you owned property in SanFran, NYC, Boston, Seattle, Miami, or any of the tech hubs, your real estate now made you a millionaire.But the wealth divide only grew, and now the music seems to have stopped. The last 20 years have been the best in US history for the rich. But for the rest of us, it hasn't worked out so well.
>>61560469>the poor are going to remain poorThis is completely untrue. We can study social mobility and determine the rate at which individuals move in and our of a social class. This rate has gotten worse over time (stickiness), which means there are things (public policy) that we can do to change it. You can even compare this rate across different countries, and then adopt this policies that work.You did take a sociology course in college, right anon?https://www.youtube.com/watch?v=t2XFh_tD2RA>I agree that poor people will always exist.True, in a capitalist economy there will always be inequality. Therefore there will always be upper and lower quintiles (depending on how we define poor). But what's important to remember is that people move across the quintiles. Meaning, that it's okay to have poor people. Some of those in the lower quintile will be young adults just starting a career, or a parent (typically a mother) who works part-time while her husband works full time, or someone who immigrated from a poor country who is now making 6x what they were making in their homeland.What we care about is 2 things:1) the distance between the lower quintiles and the highest - in other words, how poor are the poor. - We don't want extreme inequality in our system. The rich too rich and the poor too poor.2) social mobility - how easy is it for someone born in the lower quintiles to move up a quintile.
>>61560085Dumbass thinks a trade deficit, a budget deficit, and the national debt are all the same thing.
>>61559423because you buy stuff to consume and then it's both gone
>>61564403>Trickle down economicsEveryone knows jobs and wealth should trickle UP from the homeless entrepreneurs
>>61562204Of course it's easier for brownoids like you before Trump came along
>>61559395swap the avocado for silver
>>61560002You religious nutcases Islamists will continue getting wiped out. You produce nothing but insane people.
>if you produce stuff, you lose>China is based and socialist paradise thoughevstamerican lefists are weird.
>>61559395>Have economy based on printing infinite monies but nothing else>Think this is sustainable somehowYeah, it does fucking suck, actually.
>>61562204you don't know what a dying economy looks like. in fact I personally know a dozen people with STEM degrees that moved to the US in the last two years.t. German
>>61566898china is an industrial economy. they haven't completely fallen for the service economy meme. once a country falls for the service economy meme they can't easily go back to manufacturing. market incentives and cost structures become distorted to such an extent that re-shoring low margin, low complexity manufacturing will never make economic sense.
Isn’t it kind of logical that the richest country runs a trade deficit with other countries? I mean, it can obviously afford more than the others.
>>61559395>Boomers lie that deficit of $2 trillion is the best thing ever>FED bank runs unlimited money printer for decades>FED bank is LYING that inflation is 2%.>Real Hidden Inflation is 9-10% for 25 years >Boomers inflate their own assets >While everybody who works get bankrupted via 10% inflation.>its the great thing Eveeeeer For Boomers, maybe. All other generations get bankrupted by inflation.Anybody who works gets bankrupted by inflation.Middle Class gets bankrupted by inflation.
>>61566979>>FED bank runs unlimited money printer for decades>>FED bank is LYING that inflation is 2%.>>Real Hidden Inflation is 9-10% for 25 years
>>61566884>Jew sees religious nutcase Islamists everywhere anybody disagrees with him>has the complete lack of self-awareness to call anybody ELSE insane.85 years Moshe.
>>61566973 >the richest countryAverage american has $500 balance on their bank account .He's in a credit card debt. Can't balance their budget other than via credit cards. Can't afford health insurance. And is one emergency away from going bankrupt.
>>61566979>>FED bank runs unlimited money printer for decades>>FED bank is LYING that inflation is 2%.>>Real Hidden Inflation is 9-10% for 25 years>>Boomers inflate their own assets>>While everybody who works get bankrupted via 10% inflation. >Middle Class gets bankrupted by inflation.
>>61566994On the other hand, a huge number of people live in a house and drive a fairly new car. And if you look at the upper middle class, there’s a level of prosperity where people basically don’t even cook for themselves anymore. I have no idea where else in the world you’d find something like that.
>>61567029Right now , due to boomer inflation and huge taxes, you can barely live on $100K / year. $100K / year isn't even middle class in big cities , like New York or Los Angeles . Anybody who earns $60K-75K / year is working poor. If you got lucky and bought a house 10-15 years ago, or boomers in your family passed a house to you. Then you are lucky. Upper Middle class likely starts at $150K personal, or $200K family income. That's not even 15% of the households.Again, outside NYC and CA ( LA, Silicone Valley etc)You can lease a new car every 3 years for $300-400/ month . If you work you can easily do that.
>>61566994Ok how much money does the average britbong or europoor have in their bank account?
>>61567079Don't know. At least 92.5% of russians own their own apartments. >maybe that's why europoors started a war against Russia in Ukraine? https://en.wikipedia.org/wiki/Owner-occupancy#International_statistics
>>61567090some fat mutt retard will call those commieblock apartments while they consider themselves to be fortune to be part of the 65.7% of "homeowners" who spend 50% of their adult life paying off a loan on a plywood box that a team of illiterate and drunk mexican day laborers built in 3 weeks using grade F factory reject building materials bought in bulk by shekelstein property development llc.
>>61567090>>61567115These are ‘apartments’ in a run-down Soviet-era concrete block that they were gifted after the collapse of the USSR - usually in the middle of Bumfuck-Nowhere. If that’s the kind of place you want to live in, I’ve got good news for you: even an American on minimum wage could easily afford that lol
>>61567090I mean if you're bringing up a statistic for comparison purposes you need to have the other examples you're comparing against.>Russians own their own apartmentsIdk if this is really comparable... I think the USSR and all those former countries just straight up sold the apartments back to the people for dirt cheap prices (due to corruption) when the USSR fell because the government was the previous owner. If it wasn't for that stroke of luck they would probably have way shittier ownership statistics.
>>6156711590% of the value in real estate is the land
>>61567139actually 90% of the value in real estate is nonsense driven by credit availability and credit derivatives markets.
>>61567115K
>>61567090Also if you think Ukraine instigated the war by trying to join NATO you are straight up retarded. It takes roughly 20 minutes for an ICBM to go from the USA to Russia... not to mention the USA has MANY nuclear subs off the coast of Russia that could strike within 10 seconds for the coast or 2 mins for Moscow... Ukraine joining NATO would not increase the risk of a nuclear war by any means. And NATO ALREADY has multiple countries bordering Russia, so the idea that Ukraine is some special line in the sand because it borders Russia is the most retarded idea in existence.At the beginning of the war Russia said it was because of "de-nazification" but that didn't garner enough support domestically for Putin so he had to pivot to some reasoning that would trick the average slav smooth brain... if it was truly about NATO then why not say that at the beginning instead of de-nazification?Anyway the NATO excuse doesn't make sense plus when you pair that with the pivot it's clear Putin just wanted to grab land and he thought it would be easy after Crimea.
>>61567189$400k plus 5% realtor tip plus $10k misc. closing costs plus $2k/yr property tax plus $2k/yr homeowners insurance in america.
>>61560469What we subsidized was them murdering themselves with opiates (that we subsidized and pushed on them) because they don't have anything else to live for.
>>6156702930 years ago, car loans that exceeded 3 years were considered "too expensive", nobody would even think of giving you a seven year loan on a car. Today, the average car loan offer starts with 7 years. For a hunk of plastic that will go bad in 5.
>>61567198In before>hurr durr Akron Ohio derp faggot talk durrLike 90% of Russian population isn't in some shithole village spending half their days bartering potatoes for onions from each other's root cellars
It was just an excuse to get more money from Americans. Exporters aren’t meaningfully lowering their prices unless they face domestic competition which, since the US hardly makes anything, they largely do not. So it just gets picked up by the consumer since there’s no way in hell the importer eats it. Line must go up after all. Who knew republicans liked taxes and hated free trade?
>>61567326>who knew republicans hated free tradeAnybody who was paying attention before the hooked nose Neocons and Bushites took over the party.
>>61567298it's full of niggers. its crime rate is well above the national average and its poverty rate of 23% is a little more than double the national average.https://www.neighborhoodscout.com/oh/akron/crime
>>61567337Tough to say that Perot is a conventional republican though. Raegan and Nixon used them pretty begrudgingly and much to the chagrin of their own parties.
>>61567383>it's full of niggers
>>61560085How does the government own its own debt exactly?
>>61567298>hurr durr AkronOkay, I looked around, the market is not actually unreasonable. What's the catch? Is it downwind of East Palestine or something?
>>61567412Why are you posting selfies of your crew?
>>61567533It's 29% nigger according to the mud blood churka anon
>>61567448social security invests in US debt. probably some other areas of the federal government as well.>>61567533see >>61567383
>>61567383>it's full of niggers.I know this is a big hurdle for a lot of people, but you can't gentrify places that aren't full of niggers, /pol/. You have to take the first steps of moving in to push them out.
>>61567090paradise on earth ... Albania
>29% niggers! Closing costs! Property tax!
>>61567595How did you make it past the captcha, Ranjeet?
>>61567595have you ever lived near niggers? from 2016 to 2023 i lived 1 mile away from trenton, new jersey.
Lol, lmao even
>>61566957We can easily go back to manufacturing. Bomb the three gorges dam, false flag as India, when China relates nuke Pakistan and false flag as China.
>>61559395Eventually those dollars start have to start leaking back into the economy.Then you wake up to Saudis and Chinese people owning everything and wonder how this could have possibly happened.
>>61567617Aww did they make fun of you in school
>>61567139>90% of the value in real estate is the landis that why building houses is so expensive in the US?why the fuck do you faggots make shit up like this?
>>61564403This is a complete misunderstanding of what actually happened. What actually happened is fertility rates hit a brick wall after the baby boom all over the west. At the same time, the rest of the world, most of which was either bombed out and destroyed after WWII, or communist, began to rebuild. Japan and western Europe were the first ones to do so successfully, and were on equal footing with the US by 1990. The Chinese started opening up after Nixon paved the way, and Deng instated market reforms. China was a manufacturing powerhouse by 1990 and was uncontested by 2005. Russia and the eastern bloc opened up in 1994, and have proceeded to do very well, with Russia maintaining a strong domestic manufacturing base for non-consumer goods. India began seeing massive development in 1990, same with SEA countries like Indonesia, Vietnam and Malaysia. The rest of the world is on its way.What really happened is that the bipolar world order of the post-WWII era began breaking down in the late 1980s with the fall of the USSR and the unstoppable rise of China. Australia and New Zealand have both experience a similar downfall in quality of life as the US, which tracks since those were the only two major powers untouched by WWII or the various proxy wars of the late 20th century.tl;drThe rest of the world wants the wealth that the west has been hoarding for several decades (possibly centuries if you include the colonial period). They finally caught up with us and global living standards are equalizing as a result.
>>61569802What they won't tell you is that the regulatory costs to build houses have probably gone up like 20x since 1980. So many new regulations and rules. It is virtually impossible to build your own home like it was 50 years ago and prior. You need to pay for permits, pay multiple professionals a small ransom each to bless every detail of the build, and you make sure you pay property taxes.The only way around this is to build in an area where nobody gives a shit or where there isn't enough money to pay for a county inspector to come out. So either nigsville or hicksville.You can easily compare the costs of just housing by itself by looking at the cost of manufactured (trailer) homes. The price of a trailer home, when adjusted for inflation, is not 5x what it was in 1980.
>>61569849>They finally caught up with us and global living standards are equalizing as a result.okay but how the fuck do we stomp them back down
>>61569849The increasing standards of living and relative wealth amongst our neighbors is not the reason the USA is and will go through austerity. The reason is due to neoliberal style globalism and federal reserve banking. We've done the opposite of horde since like 1965.
>>61569802>building houses is so expensive in the US?I mean not really. I can get a brand new 3 bedroom home with all the fixtures, stainless steel appliances, marble countertops and more for $350k where i live and I'm in a pretty nice gated community. They can have a full home finished in a few days in theory here if they wanted.
>>61569615Europeans like you are retarded. Even Blacks don't want to live around other Blacks. Think of the Gypsies you guys despise and imagine 40 million of them but much more violent on average and slightly less likely to scam you. This video is why property values are several multiples higher in White/Asian areas.https://www.youtube.com/shorts/AoDHllvhUvA
>>61560369>what's the alternative? our economy is a joke: [...] and various other jewish scamsYour argument would be sensible if it weren't for the fact that the pro-tariff crowd also thinks "AI" is going to save the US economy, when it is obviously a nothingburger bubble ("Jewish scam"; literally an unprofitable grift run by a child molesting gay Jew) that impresses idiots because they can generate a video of a dabbing AI MAGA penguin.The thing that has wrecked the financial viability of the non-wealthy worse than anything is constant inflation; in case you missed it, Trump spent months screeching on North Korea Social that he wanted Jerome Powell gone because he wouldn't lower interest rates for his "plan", which would cause further inflation. >as the rest of the world pivots away from the (increasingly worthless) dollar as a reserve currencyThey're pivoting because Trump wants this. Weakening the USD is specifically outlined in their ridiculously named "Mar-a-Lago Accord": https://economics.td.com/us-mar-a-lago-accordOur dollar is backed by nothing and its value depends entirely on its perceived value as a reserve currency in currency exchange markets, and Trump wants to specifically undermine that. Think about that for 5 seconds.Also the same guy who made a big show of cutting a handful of middle class government drones to "save money" while continuing to pour a gorillion dollars into helping Israel.My point is that Trump and his "advisors" are very much not "fighting the Jewish scam", they are the "Jewish scam". Your first clue would have been him launching a shitcoin rugpull and covering for the Israeli intelligence operation known as Epstein.Someone like Ron Paul etc. would have likely improved the US economy, Trump is an incompetent carnival barker turning the US Government into a reality TV show as we sink under the weight of decades of bad decisions, outsourcing and rampant stock speculation replacing production.
>>61569923sure. I'm just saying that houses are expensive in murica. the problem MIGHT be land, but only in well located areas, for obvious reasons.>>61570208>brand new 3 bedroom home with all the fixtures, stainless steel appliances, marble countertops and more for $350kok, and how much would that house + land sell for?
>>61569849this is true to an extent, it allowed USA to have a good head start with the east closed off by communism and the west bombed to hell, while the rest of the world was still retarded.now theres competition from all over the globe, the few decades of economic hegemony is gone, however this isnt a reason why things should get poorer, its only a reason why things arent developing as fast as previously.
>>61559395Can't play that game forever.
>>61570338You didn't answer what's the alternative...
>>61560481>petitioning for UBIBetter than fake jobs, mankind always wanted to work less. Real problem is that robots and AI meme can't do actually important jobs, like plumping, infrastructure.
