You need to discuss to survive! part one

I encourage you to comment and seek enlightenment as to the true economic situation. I will have to do this over time. I encourage you to respond with questions or comments. That way we both learn from each other. Lets start with the trade deficit. Way back when, the trade deficit is what got me into economics. I wondered why it may be a negative thing- why it mattered. I studied it relentlessly and read a few books about it. The reason it matters is mainly because when we export more than we import and there is no gold standard, we are just printing more worthless paper money to finance our consumption. The key to the negative impact is us not being on the gold standard anymore meaning the more we import versus export, the more dollars we have to print to do that, and the more inflation that has to happen. The more dollars that get printed, the more worthless the dollars become. That is the definition of inflation- an increased amount of currency chasing the same amount of products which raises the prices like a hidden tax. The reason I use the word "tax" is because The Fed makes interest on every dollar they print, so they don't mind doing it one bit, and we have to pay for it via the devaluation of our dollars.