Exporting Dollars

All Americans, without exception, no matter how much money they have or don't have and no matter where they are in the world are buying products made in a foreign country. The only exceptions are household goods or everyday food items, but some of those commodities are also imported.

The result is that everyone is exporting U.S. dollars. Most of what we pay for the foreign goods goes back to the other countries. Purchasing foreign products pays the costs of manufacturing to foreigners and not Americans. The costs of making sales with its profits remain with the companies selling the products here in America, less the overseas shipping costs. Today, most American autos are assembled on foreign soil. Large scale manufacturing equipment and military items are made in America. Airplanes are likely made in Europe, Canada or Brazil. The amount of what the U.S buys over what the U.S. earns grows every year.

What do foreigners do with the dollars they earn from manufacturing the products Americans buy? The volume keeps getting larger and the sellers are accumulating dollars at a swift pace. Happily, they are repatriating dollars here in the U.S. They are doing this by buying properties, companies, stocks or other items that will show a return. Look around, supermarkets, movie businesses, banks and factories, you name it, many are foreign owned. The state of Indiana is now arguing over whether to sell a state toll road to a foreign investor for billions of dollars. The U. S. is arguing over a Dubai Company running its ports. It won't be long before almost everything will be foreign owned at the rate Americans are buying foreign made products. Remember, it is not only that we are buying foreign products, but the U.S. companies that foreigners' purchase are sending their profits home, so that money will also be reinvested back in the U.S. Foreigners will be rapidly buying up more assets in the United States.

Most U.S. workers will be employed by foreign directors with their companies headquartered overseas, much like those who work for the foreign auto companies manufacturing cars in the United States. The U.S. employees will be taking orders from Japanese or Chinese management. It may be wrong for a Dubai port company to run U.S. ports, but get used to it for that wasn't the first time nor will it be the last.
Chester P. Soling