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12017352 No.12017352 [Reply] [Original]

I know most of you are NEET crypto kids, but some of you know your shit in economics. How the FUCK do countries survive with having much more imported than exported? Pic related is Egypt, but it is the same for most western countries as well. The only ones who export more are indistrial countries like Germany and China.
Do these numbers not include intellectual property or investments? Shit like this is why I believe the western economies will just shit themselves while China with all its crypto will stand strong.

>> No.12017368

Bailouts and fiat

>> No.12017429
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12017429

>>12017352
>China sends you resources like steel, aluminum, cars and other products while you send them worthless paper called USD... who is the real brainlet here?

>> No.12017430

I don‘t see the issue.
A country that imports more has a weaker economy than one that exports more, but it still works.

>> No.12017440

>>12017352
who gives a fuck LINK 1000 EOY

>> No.12017893
File: 338 KB, 538x572, 1541507679230.gif [View same] [iqdb] [saucenao] [google]
12017893

>>12017429
This. Then you send them your garbage to "recycle" and then complain that they pollute too much.

>> No.12017919

>>12017893
lmao this then you quintuple your monetary base overnight drop interest rates to zero for 10 years and sell them all of the real estate at expensive prices enabled by this scheme since you didn't save up for retirement and don't care about passing it down to your kids. fucking moron chinks.

>> No.12018047

>>12017352
You are right. It doesn't count investments, remittances, and a lot of other things (not sure about IP). Its just the physical goods and materials entering and leaving the country. That's why people complaining about the US trade deficit are retarded. US expats bring in a ton of dough, plus repatriated corporate profits, plus all the rest of the world buying treasuries and USD for a variety of reasons. Steel industry is a military risk, but repatriating steel won't in the US trade deficit.
Theres a more complex set of issues in play with a country like Egypt. International orgs invest in these countries with interest rates that are impossible to repay, so they have to continually take out new loans while selling raw materials at a massive discount. Egypt also has a lot of tourism and I'm not sure if thats counted in the trade deficit.

>> No.12018067

>>12017919
chinks buying up real estate in every western country expecting to sell it for more are going to be unironically fucked, global recession soon

>> No.12018084

>>12017440
based and linkpilled

>> No.12018587

>>12017352
>egyptian anon works in factory
>receives paycheck at the end of month
>buys some shit for the paycheck
>most of it is imported
And that's it.

It's not like the Egyptian government sells 23bil USD of oil then wants to buy 53bil USD worth of goods. You gotta realize these import/export numbers include private businesses as well.

>> No.12019272

>>12017352
trade balance is irrelevant of how well your country is economically. If you are a small rich country you just can import everything while making money from offshore businesses and alot of big shitholes countries have big exports like natural resources and few imports because they have a shit currency and can't afford anything to import