Tuesday, February 08, 2005

China reports US$6.5 billion trade surplus for January - February 8, 2005

Ok folks... THIS is why we're in Iraq right now...

China reports US$6.5 billion trade surplus for January - February 8, 2005: "China's exports surged 42.2 per cent in January from the same period a year earlier, pushing the country's trade surplus to US$6.5 billion for the month, the government said on Tuesday."

Let's string together the pieces- China trade surplus + US trade deficit = no reason for anyone to spend $USD and lots of reasons to spend Yen = need to control oil

Who needs to buy anything in $USD if we have nothing to offer (trade deficit)?

If we control the oil, then everyone still needs to spend $USD to buy oil to fuel their rapidly expanding adoption of modern technology (oil using machines).

If we didn't have a reason for people to use the $USD, then the $USD would become worthless.

Hmmm... something to think about ey?

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