Media are not truly explaining how trade between counties works. Media could be stating, “There is no point exporting a country’s products to another countries unless there are wanted products needed to be imported into the country whom first exported products”.
     By exporting products into a country that importer countries money credits buying imported products are held in importer country bank accounts available to purchase that importer countries products to be exported to counties whom first exported products. Accumulated bank credits in the importer country accounts could be traded between companies and other countries for other currencies in the exported country to buy importer country products.
     Australia buys many USA defence products: fighter aircraft; Domestic passenger aircraft; AUKUS submarines... because Australia exports: steel; aluminium; beef… to USA, Australia using accumulated USA bank credits.

     Because school education fails to teach such imported thinkable trade between countries financing lessons and that finance news also fails to express trade finance to badly educated traumatised by school education learning’ citizens whom assume what is not known to themselves is not worth knowing, preferring to believe how smart they are by answering trivial content short statement exam questions, being fun loving wanting to laugh self-medicating humans.

     Australian media occasionally stating Trump statements are misleading failing to explain why Trump statements are misleading as I stated above, media are just as guilty of keeping Australians ignorant about trade between countries.

     Myself, being not a formally (university) educated person in economic theories, yet having many years ago read an educator book on macro economics, trade between countries were outlined in understandable visual images with statements.

     I assume/speculate at this point in time, Trump a frequently accused of lying dysfunctional character in the future will be blamed for ongoing high inflation, stagflation and finance market declines lost capital gains.

     Since 2009 GFC low interest rates, having had a lengthy period of finance growth property lending, having gotten many younger citizens into long term first home buying debt, a long period of higher than lending interest rate mortgage percentages debt servicing will happen, as wage inflation aids reducing borrowers stress on mortgage holders payment servicing, media announcing further increasing inflation figures will persuade citizens to believe interest rate increases are needed to fight inflation theory ‘I say are’ lies and that higher rates will be applied. Past evidence of my theory in history are indicated in 1970s to mid 1980s mortgage interest rates charts, seen via the internet. Reduced interest rates after mid 1980s set citizens up for 1987 market crash thereafter 4% interest rate 2year borrowing boom, not shown in said charts, resulting in a sudden 5 times higher interest rate increase remembered as 1990 Keating’s statement “recession Australia had to have” 4 years of recession. Badly educated citizens believe what they’re told from media being unable to think to form independent doubt.

     To clarify, increasing interest rates increases cost for doing businesses forcing businesses to increase prices, that reduced business customer turnover due to higher percentages of potential customers (due to other customers financial commitments) unable to buy goods and services from businesses also persuades businesses to increase prices, increasing inflation, that increasingly mainly establishment subsidised businesses remain open for business, hiring minimum wage employees.

steve9