It’s the Trade Deficit, Stupid
It’s been four years since the greatest economic melt down since the great depression. The underlying reason behind this depression is the economic structure of American and European banks. In addition to that, there is a more insidious problem with the American economy – the trade deficit.
America is perhaps the greatest nation in the history of civilization because it had the largest sustained trade surplus in the history of time. Starting in the early 1900’s, American products and innovation led the entire world and the many American inventions, products and companies made the world as we know it today. Included in this list is the light bulb, the radio, the television, the car, the airplane, and of course the computer. These were American products that were designed and manufactured in the United States. These products were also exported throughout the world.
We ran a hug trade surplus that drove the highest standard living in the entire world. It is the trade surplus that creates true jobs and sustains the economy. When a country has a trade surplus, then all the other related jobs such as policemen, barbers, stock brokers, accountants and everything other category rises naturally. The trade surplus is the tide that lifts all boats. Read More