Verified answer

Everyone is in denial. They are waiting for the Inflated dollar bill to start reproducing itself through spontaneous generation

No. The U.S. GDP represents the aggregate level of loans in our fractional reserve banking system. Deflation of the money supply simply means less liquidity (less loans) not increased productivity and competitive pricing for export goods and services.

Deflation caused primarily by a decrease in domestic real estate prices would raise the dollar's price vis a vis foreign currencies.

Meanwhile, the costs of essential imports (oil and commodities) would raise the prices paid by consumers at the pump as well as for goods and services here.

However, a weak dollar is excellent for American exports and tourism. American products will be cheaper to purchase by foreign nations with relatively stronger currencies (Australia, China, Canada, Switzerland).

You have reversed cause and effect. In a fiat money system, the loans between the Fed, the banks, and the debtors create the 'money', the inflation, and the GDP out of thin air.

It doesn't need to deflate its economy, it needs to deflate its government, so companies can compete without being charged such high corporate taxes. That is why companies move out of, or open branches, outside of the U.S.

Yes, with the global economy this is what happens. The problem is the rest of the world has high tariffs on U.S. goods while the U.S. doesn't do likewise.

Yup, I buy it. Not sure how it could ever go into practice with our political deadlock, though.

Bugger Off