You are currently browsing the archives for the Trade Deficit category.
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Oct | ||||||
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | ||||
23. March 2011 by admin.
World Dollar Standard, World Dollar, Devaluation of Dollar, Business News, World News, Trade Deficit
From http://www.thegoldstandardnow.
The First Economic Disorder |
Next we turn our attention to the economic infirmities of the world dollar system, which:
The first of the world dollar standard’s economic disorders: 1. The world dollar standard causes a persistent trade deficit, hollowing out our industrial base. The U.S. trade deficit grew to $497.8 billion in 2010, from $374.9 billion in 2009. This means that Americans bought almost half a trillion dollars of goods and services from abroad more than what we sold. Many people sense that it is wrong to spend more than you earn, particularly at this scale. They are right. |
Read More: http://www.thegoldstandardnow.
Posted in World News, Trade Deficit, Business News, Devaluation of Dollar, World Dollar, World Dollar Standard | No Comments »