Industrious nations like China grow wealthy and secure by making enough products to support their needs on their farms, factories and mines, plus earn additional currency by creating additional wealth by exporting products that they manufactured. The health of every other business depends upon these productive industries.

Do US farms, factories, and mines manufacture, grow or mine enough products to maintain us? NO!!! Could They? YES! Do we need to import additional products and increase the current trade deficit if we do not want to work to make whatever we want to consume? YES!!!

Borrowing money from China and other wealth generating nations to pay US citizens for raking leaves, environmental cleanup, mortgage bailout, union retirements, TARP, business failures, and etc. to stimulate the economy just makes the existing money have less value and less buying power, but does nothing in the long run solution to the foreign trade deficit problem.

Many of my (college educated) friends tell me that this modern economy needs the consumers who do not produce anything but sit idle and consume the things that the workers produce. This is like saying that a slave needs an owner to sit idle and consume the things that the slave works hard and produces for the slave owner’s consumption. The slave does not need an owner.

Why can’t we just print more paper dollars, T-Bills, bonds and other paper securities and sell them to people in other countries that work to manufacture the things that we consume? We can remain idle and refrain from working while our children work hard later to pay off these bonds and other debts at some later date when they become due. Our children should be happy to work and pay for our priviledge of not working.

Our Political Leaders must lobby loudly and become persistent in their quest for implementing at least an extremely high import tariff on all imported goods, and repeal of the NAFTA, WTO, IMF, and maybe complete withdrawal from the United Nations.

If we want to rebuild our industries, we will need the funding to do it. Do you really think that China and Japan (our leading creditors) or any one else will really give us loans to re-build our manufacturing capability? Will Chinese entities become loan sharks after we sell all of our assets to the foreigners in return for our trade imports of the products that we consume? I just hope it is not too late already.