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Failure Analysis of 20th Century Economics | |
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From the U.S. Department of Commerce for March 2001
The U.S. Trade Deficit Number in $Dollars, is a measure of product not built or manufactured in the U.S. Accordingly, 'trade deficit' is a measure of U.S. dependence on all other Nations of the world for material product essential to maintenance of material standard of living in the U.S. The same applies to all nations on Earth. REMINDER: "The current account (maintained by the U.S. Commerce Department) is considered the best measurement of a country's international economic (micro-management of trade) standing (that is, the U.S. national household trade position, vis-a-vis the rest of the world), because it measures not just the goods and services reflected in monthly trade reports but also investment flows between countries and unilateral transfers, including U.S. foreign aid payments." by Martin Crutsinger, AP Economics Writer - Washington: (As Published in the Huntsville Times, Alabama, May 18, 2001) "Commerce Department says imbalance jumped 16.1% in March 2001 to $31.2 billion." That represented a $4.3 billion widening from February's deficit of $26.9 $billion, the largest one-month deterioriation in trade on record.
The overall deficit in March (2001) was the largest since a $33.3 billion January (2001) imbalance.
Selected Text from this report, separated from these numbers, repeated as follows: "...the Bush Administration argues that American (U.S.) companies have no choice but to compete in the global economy 1... critics contend that lowering trade barriers subjects American (U.S.) workers to unfair competition from low-wage countries with lax environmental standards.1 To support their case, the critics point to soaring trade deficits, including last year's (2000) all-time high of $368.9 billion, up 39% from 1999." Question: What tools do 'American (U.S.) companies' have, and what 'products' do 'American (U.S.) companies' produce, to compete in the global economy? 1NOTE:'On-target' and 'well placed' criticism was made against and during the previous eight years of the Clinton administration (1992-2000). In matters of foreign relations, the highest U.S. 'Foreign Policy' priority AND initiative of both the previous Clinton and current Bush Administration is - division of Earth into continental trade zones/trading blocs - the 'New World Order under One World Government' - through the likes of the GATT for all of Europe and the NAFT Agreement for all of North America. Geo-political division of Earth by the likes of GATT and NAFTA will not solve the world's social, economic and political dis-order problems, because they do not solve causes of such disorder founded in 'federal government banking and finance' out of control.
The "Corrective Actions" proposed at this website will work to bring federal government banking and finance under control, and render such international geo-political division of Earth irrelevant.
U.S. dependence on oil from all sources outside of the U.S. now extends to total dependence on all products available through all wholesale and retail outlets in the U.S. (Wal-Mart, K-Mart, Circuit City, Lowe's, Home Depot, Tractor Supply - you name it.) These include all 'material' products upon which all 'citzens' of the United States depend, including pharmaceuticals, for maintenance and improvement of 'material standard of living'.
Material product not manufactured in the United States includes everything: ALL tools and machinery, ALL electronic equipment, textiles, shirts and shoes, nuts, bolts, screws and wire, guns and toilets, and ALL other products that include lumber, pipe, plumbing and electrical fixtures required for new housing or building construction, and renovation of old housing, and maintenance and expansion of water, sewer and electrical utility infrastructure repair and re-modeling.
Even medals given to U.S. military, for New World Order 'mercenary' U.S. military intervention 'service' in the Balkans, are made in China. High military command order for 'Berets' (common to all military forces under UN control), to replace the 'cunt' cap of a formerly all male U.S. combat military, cannot be carried out, except through purchase of 'berets' from China, or some other foreign source, because all textile mills to weave fabric for clothing no longer exist in the U.S.
U.S. military dependence on all outside/foreign manufacture of 'product' includes: shoes, uniforms and optical and electronic equipment for enhancement of U.S. military weapons.
U.S. capability to compete for manufacture and sale of 'product' in the 'global economy' has been totally destroyed since the end of World War II, by and through:
TO THE U.S. ENERGY CRISIS
Year 2001 'Blackouts' in California, from absence of capacity to generate electric power, is only a harbinger, or signal, of expansion of such 'blackouts' throughout the U.S. That 'dark' prospect (no pun intended), is directly related to destruction of U.S. capability to build new electric power generating facilities - due, in part, to destruction of U.S. domestic capability to manufacture 'product', and, in part, to environmental restrictions imposed through international agreements for environmental controls. (As though the U.S. was not independently capable of controlling its own internal environment.)
Conservation as an option? Sarcastically, YES, as follows:
Current relationship of 'Taiwan' to mainland China, is no different than relationship of any one of the formerly 'Confederate States' that seperated themselves from U.S. 'federal government' claims of dominance and superiority over ALL States in the United States in 1861.
Currently strained relationship between 'Taiwan' and mainland China is like a 'U.S. State's Rights' Issue. 'Taiwan' is a possession of Beijing, every bit as much as Mississippi, Alabama and Georgia are possessions of U.S. Federal Government in Washington, D.C.
GRAPHIC DISPLAY OF HISTORY OF U.S. TRADE DEFICIT DATA, FOR PERIODS CITED ABOVE, IS PROVIDED UNDER THE LINKS LISTED BELOW:
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