cavanami Posted September 12, 2010 Report Share Posted September 12, 2010 With many USA jobs gone overseas, factories closed, there is not much to export from the USA. Back when the Baht was 25/1, the prices in LOS were much lower, as compared to the high prices today. Link to comment Share on other sites More sharing options...
Flashermac Posted September 13, 2010 Author Report Share Posted September 13, 2010 Prices were even lower when it was 20/1 ... pre-1982. But so were salaries. My first government contract I got 5500 baht a month plus 3000 housing allowance. I thought I was rich - rented a nice 2 bedroom apartment in a compound with a pool and movie actresses for neighbours for 2,000/month. No going back to that ever again - that apartment now rents for about 20,000. Link to comment Share on other sites More sharing options...
Plainsdrifter Posted September 13, 2010 Report Share Posted September 13, 2010 The US exports shitloads of aircrafts, soybeans, corn and arms, a lot of arms. Link to comment Share on other sites More sharing options...
allistar Posted September 13, 2010 Report Share Posted September 13, 2010 I think that Washington state, because of its aircraft production, software and apple exports, is only one of two states that export more than they import. Link to comment Share on other sites More sharing options...
kamui Posted September 13, 2010 Report Share Posted September 13, 2010 I think that Washington state, because of its aircraft production, software and apple exports, is only one of two states that export more than they import. As of 2009 US exports: 1,570,797 USD (in millions) US imports: 1,945,705 USD U.S. Census Bureau Biggest trade partner is Canada, followed by China. In 2009 the US had with China a trade deficit of -226,826.09 USD. us census Looks really bad. :alert: Link to comment Share on other sites More sharing options...
dave32 Posted September 13, 2010 Report Share Posted September 13, 2010 Biggest trade partner is Canada, followed by China. In 2009 the US had with China a trade deficit of -226,826.09 USD. us census Looks really bad. :alert: Yep. Just to clarify too - that number - 226,826 is in millions. Roughly 227 billion dollar deficit to China. Link to comment Share on other sites More sharing options...
cavanami Posted September 14, 2010 Report Share Posted September 14, 2010 The US financial is a debt driven economic system. It is impossible for the USA to ever get out of debt with the present system of the US gov "borrowing" money from the Federal Reserve (Central Bank). The US politicians are scared to raise taxes, as they would be voted out of their job(s), so they just print up more fiat money and stick the US people with the hidden tax, inflation (deflation of the US currency). Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted September 14, 2010 Report Share Posted September 14, 2010 That's the American Way..... Link to comment Share on other sites More sharing options...
shygye Posted September 14, 2010 Report Share Posted September 14, 2010 The US government is "borrowing" from China, Japan, etc. and not the Federal Reserve. Link to comment Share on other sites More sharing options...
cavanami Posted September 15, 2010 Report Share Posted September 15, 2010 The US gov prints the treasury notes then they get sold to whoever (China, etc). They are fiat, unbacked bonds (notes, whatever). No matter, you can NOT drink yourself sober nor can you borrow your way out of debt. Link to comment Share on other sites More sharing options...
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