Imports and exports of U.S.

[Grounded]

We have been importing way too much more than we have been exporting. Our net exports as part of our GPD has been declining since the last 20 years.

If this pattern continues, U.S. will be in debt forever. We will start to lose our grip as the world power.

What's your opinion on this?

 

[Dave]

Imports and exports work in a cycle. Once China and the other countries we import stuff from have more of the worlds wealth than they need, their economies will shift to more of buying oriented economy that the U.S. is in right now. Once the U.S. cannot sustain the type of economy we are in, we will have to shift in the opposite direction and produce goods that will be needed in when China quits producing so much.