Reply #62: Another thing about trade deficits is that it takes money out of OUR

[donkeyotay]

economy - our's as in the average citizens'. Then the Fed puts money back in by creating credit, and the corporations practically manufacture their own currency by printing stocks and bonds... money. Lots of it. Sloshing around the board room. But it CAN'T trickle down to the everyday economy of workers. If by some quirk any should trickle back down to wage earners, then that is inflation and must be squeezed out of the economy. So the trade deficit takes money out of the worker's economy and puts it in the hands of people who then wage class war against us.

The American isn't one economy. It's one for the workers and a separate, much more generous one, for the ruling class.