Failure Analysis of 20th Century Economics

Failure Analysis of 20th Century Economics

U.S. FOREIGN TRADE DEFICIT REPORTS

FROM RAGS TO RICHES TO RAGS IN ONLY 210 YEARS
1789 - 1999
The United States of America - From Rags in 1789, to Riches in 1945
The United States of America - From Riches in 1945, to Rags in 2001

TRADE DEFICIT - THE TRANSCENDENTAL ISSUE FACING THE U.S CITIZEN VOTER BEYOND THE YEAR 2000 ELECTION
Report of U.S. Trade Deficit Numbers in $Dollars
From Major News Service Reports Published by the Huntsville Times.
File update September 15, 2000

The U.S. Trade Deficit Number in $Dollars, is a measure of product not built or manufactured in the U.S. Accordingly, the U.S. Trade Deficit is a measure of U.S. dependence on foreign nations for material product essential to maintenance of material standard of living in the U.S.
INTRODUCTION
As U.S. dependence on foreign imports grows, self-sufficiency and civil liberties of the U.S. and its citizens diminish.
The only 'civil liberties' citizens of the U.S. have are those guaranteed to U.S citizens under the Bill of Rights of the U.S. Constitution.
'Civil liberty' is just another name for individual independence, or, individual freedoms of movement, where money, dollars, or units of currency are essential and indispensable to the purchase of freedom of movement.
Civil liberty, individual independence, or individual freedom, is founded in self-sufficiency, or degrees of self-sufficency.
We, as individuals, are independent or free, only to the extent we can enjoy self-sufficiency, through security of employment that provides income that is continuous, sufficient and essential to our ability to pay our debts to one another.
As self-sufficiency through manufacturing industries diminishes, so also diminishes the number of choices and freedom of choices for employment, employment opportunities, prosperity through employment, and employment security.
Third World countries are so called because, they lack the manufacturing industries and factories required to lift them from abject material poverty. The U.S. Dollar, metallic gold, or any currency, has no exchange value in the Sahara Desert, the Gobi Desert or the Sinai Peninsula, or in any wilderness where manufacturing industries and factories required to produce product do not exist.
From the U.S. Trade Deficit Report numbers provided here, the U.S. is well on its way to becoming a wilderness - a Third World country.
Manufacturing industries and factories required to build product are the payoffs, the product and the application of new knowledge from scientific research and development.
Factories that build product are the primary drivers for education and education needs of the very hard disciplines of physics and chemistry on the foundation provided by mathematics.
Hotel and motel resorts, gambling casinos, state lotteries, fast-food restaurants, and self-esteem, do not build product - nor do such occupations require a college degree - nor do most of the hi-tech jobs required for maintenance of the Internet and Internet Systems, founded in electron theory and the electronics discipline, or the many other labors required to maintain the national infrastructure of roads and other transportation systems, pipelines for gas and oil, and water and sewer systems, and utilities.
Self-esteem derives from conquering the challenges of learning, and development of talents, skills and abilites, to build, to repair or to make things - not stocking or loading all the foreign import products - or listening to the Radio and TV Anchors, their psycho-babbling psychologist and psychiatrist guests, including the ignorant politician - all pontificating un-related causes of youth violence that has transformed elementary and high schools into military-like fortresses.
The record here is a record of the decline and fall of the United States as an industrial power, almost totally dependent on the countries of Asia and Europe for its material prosperity.
So, don't worry about China, or un-constitutional acceptance of Chinese government contributions of money to the Clinton administration and the major political Partys, or the traitorous-transfer of nuclear energy secrets from the Los Alamos laboratories to China. Investors from the Asian and European countries already own the U.S.
China also now owns or controls the Panama Canal. Asian or European countries are not about to kill the dumb goose United States that laid the Golden Egg.
What cannot be conquered by force of arms can be, and has been, conquered by deception - aided and abetted by the deliberate inflation of money, and by the constantly changing time-cost of borrowed money, due to a deliberate inflation caused by increasing National Money Supply at a rate that exceeds the natural rate of growth of the national population headcount (from births and immigration).
CRITICAL OBSERVATION OF THE TRADE DEFICIT
Watch progressive growth of the U.S. TRADE DEFICIT vis-a-vis decline of U.S. Stock Market prices as the GATT and NAFTA International Trade Agreements remain in force, further depressed by a 60.6% increase in U.S. Money Supply from January 1957 through January 2002
Having watched and observed evolutionary development of these International Trade Agreements over the last 35 years, I submit as a grievous error any supposition or conclusion that these agreements are the cause of the increase of the U.S. Trade Deficit. These agreements, designed for globalization of trade, and the trade deficit, are separate issues. Both are totally destructive to the national domestic interests of the citizens of the United States.
Cause of this destructive trade deficit are founded in the 'debt philosophy', where the national policy of deliberate inflation is executed by the loose alliance of the central bankers of the world, and their army of socialist-economists with their perverse definition of 'growth' - that is, application of the destructive 'debt philosophy' at both the national and global levels of government.
The great inflation (decrease in purchase power) of the U.S. Dollar (due to expansion of the U.S. Money Supply at a rate exceeding rate of growth of U.S. population headcount) began almost immediately after adding the 1945 Bretton-Woods Agreement to the Federal Reserve Banking Act of 1913.
The higher cost of manufacturing in the United States, because of this deliberate inflation of the U.S. Dollar, gradually chased relocation of all U.S. manufacturing out of the United States.
A cheaper or lower cost of manufacturing labor outside of the U.S. is inextricably connected to the exchange rate of the U.S. dollar to the exchange rates of other currencies. It is the difference in exchange rate of currency that makes the cost of manufacturing lower someplace else.
Making foreign trade agreements is the Constitutional domain and authority of the Office of President.
The finance ministers of the world put the Bretton-Woods Agreement in place in December 1944, while WWII was still in full swing.
However, the end of WWII was in sight in December 1944, so the finance ministers of the world said, to themselves - 'the U.S. destroyed the infrastructures of the nations of Europe and Asia, therefore, we shall make the U.S. pay for reconstruction of those infrastructures.
As a consequence, the 1945 Bretton-Woods Agreement created, established and institutionalized the World Bank and the International Monetary Fund (IMF).
The World Bank and the IMF used the U.S. Dollar to pay for reconstruction of Europe and Asia in the wake of the destruction caused by World War II. For the first time in the recorded history of man and civilization, the spoils of war did not go to the victorious.
Due to the immense purchasing power of the World Bank, using the IMF, the finance ministers of all private and central banking authorities of the world have used the office of President of the U.S. to put the international trade agreements of the likes of GATT and NAFTA in place.
After many years of inside international politics maneuvering, the GATT and NAFTA international trade agreements were finally put in place, under the Republican 'free-trader' G. Bush Sr. administration, cementing 'international trade agreement control' of global trade.
It matters not, whether a Democrat or a Republican is elected to the Office of President in the Y2K election. The finance ministers of the central banks of the world are immune to results of Presidential elections in the U.S. The finance ministers of the central banks of the world control the Office of President of the U.S. through the World Bank and the IMF. They have exercised this influence and control since Harry Truman in 1945.
It doesn't matter - it makes no difference - it is irrelevant - no matter if the person elected to Office of President is a Democrat or a Republican - you will not see any difference in the foreign policy function of the Office of the President of the United States beyond the year 2000 General Elections in the U.S.
Democrat or Republican, you will see and observe a continuation of the 'free-trader' Clinton administration policies and practices, in 'hot-pursuit' of extending those national flag-burning 'free-trader' agreements to South America, Africa, and the Asian countries of the Pacific Rim, Australia, and China.
The morally irresponsible Clinton simply followed an agenda established under the Harry Truman administration of 1945.
You may believe that's good. I do not. I find world dominion by the finance ministers of the central banks of the world to be totally destructive to self-determination of nations that have evolved since dis-embarkation from Noah's Ark after the Great Flood.
Trade is not only good, it is the daily occupational activity of the total human population of Earth, to survive and to improve individual circumstances and conditions of survival in a material existence.
Trade is essential to maintenance and sustenance of life on Earth - but - 'trade' is never 'free', not under any circumstances - not under globalization of trade through the likes of NAFTA or GATT; not under dominion of Earth by the finance ministers of the central banks of the world; - and, most certainly, not under monopoly of rule over elections in the United states by the Democrat, Republican or any other political party organization.
Bernard Palicki
August 24, 1999
Revision dated September 18, 2000

PATTERN RECOGNITION Previously, a series of nine trade deficit reports were contained in separate files, prepared as they became known through Associated Press reports in the local newspaper, The Huntsville Times.
These nine reports, covering a period of two and a half years, should be sufficient to support observation and argument that the money and tax policies of the 'Ruling Establishment' for the last fifty years have transformed the U.S. into a beggar nation and a socialist welfare state.

Transformation of the U.S. into socialist welfare state began with the Great Depression of the 1930's. The Great Depression didn't just happen - that depression was caused by foreclosures of all business and industry after everyone and his brother mortgaged all they owned to purchase capital stock with borrowed money.

Transformation of the U.S. into a beggar nation, as evidenced by these trade deficit reports, was enabled by the Bretton-Woods Agreement Act in July of 1945 - even before the first atom bomb was dropped on Hiroshima, Japan in August 1945 to end WWII.

U.S TRADE DEFICIT HISTORY Separate U.S. Trade Deficit Reports From December 1997 through March 2001 are as follows:

Trade Deficit Reports for period December 1997 - December 1998

Trade Deficit Reports for period January 1999 - June 2000

Trade Deficit Reports for period September 2000 Update

Trade Deficit Reports for period October 2000 Update

Trade Deficit Report March 2001
GRAPHIC DISPLAY OF U.S. TRADE DEFICIT DATA, REPORTED ABOVE, IS PROVIDED UNDER THE LINKS LISTED BELOW:
Tabular Data from 1997-98 trade deficit reports for U.S. money supply, Dow Jones average and trade deficit numbers, for these reporting periods.

Trade Deficit Reports for bar chart display of this data.

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