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Trade Deficits

The U.S. is Sinking in Debt
Who is out to destroy our economy?


Are Economic Hit Men
trying to destroy the U.S. economy

READ: "Confessions of an Economic Hit Man" - by John Perkins
This is an absolute must-read. It shows how Economic Hit Men (EHM) have have cheated countries around the globe out of trillions of dollars. Saddled with hugh debts, these countries came under the control of the United States government, World Bank, and other U.S.-dominated aid agencies that acted like loan sharks -- dictating repayment terms and bullying foreign governments into submission. Are they doing it to the United States? Also see other reference books.


Why don't we demand
a balance of trade

Why do we import goods from countries that don't let us sell our goods there or place such high import duties on our products that we can't compete?


Who is fooling whom?

"Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy" By Dr. Ravi Batra, Published May 2005.
Reviews "Here, finally, is the dark truth about Alan Greenspan. In this chilling exposé of one of the most powerful men of our time, Ravi Batra reveals Greenspan for who he secretly is: An ideologue who has waged war on the American Dream and imperiled the world economy. Greenspan's Fraud is a terrifying book."--David Callahan, author of The Cheating Culture: Why More Americans Are Doing Wrong to Get Ahead "As always, his economic arguments are expressed elegantly."-- Publishers Weekly

"Ravi Batra is one of the world's most controversial economists. Beneath the surface of his often contentious conclusions lies a deeper source of the controversy. He does not accept one of the most fundamental fallacies of modern macroeconomic theory--the assumption that macroeconomic policy has no distribution effects.... Professor Batra turns this oversimplifying assumption upside down.... [W]e cannot and should not ignore him..."--William A. Barnett, Oswald Distinguished Professor of Macroeconomics, University of Kansas and Editor, Macroeconomic Dynamics

(Also see: The Federal Reserve web link by H. Leon Raper)

What good are Greenspan's opinions
In February 2005 Greenspan said it looks like the federal deficits would be decreasing. What a joke. Click to see the article about his unjustified optimism.

Economic Policy Institute
Is Bush using Enron-like tactics to sell trade deals to the public?

Effects of America's Chronic Trade Deficit
Every year more and more of our tax dollars are being paid to foreign bond holders to help us pay for our extravagances. Seventeen percent of the country's annual budget is now being used to pay the interest on our national debt and much of this interest is being paid to foreign bond holders.

Impact of U.S. Trade Deficit with China
Job losses hit all states, high-tech industry, U.S.-China commission says. A new study has found that the United States' growing trade deficit with China has had an increasingly negative impact on the U.S. economy, causing job losses that reach into the most technologically advanced industries in the manufacturing sector and affect every state, according to a January 11 press release by the U.S.-China Economic and Security Review Commission (USCC).  (January 11, 2005)

The U.S. Trade Deficit: Causes, Consequences and Cures
CRS Report for Congress

United States International Trade Commission
Interactive Tariff and Trade Dataweb


See what the experts are saying
about
"The melt-down of our economy"

Google: Trade Deficit

 

 

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