Trade Deficits Kill Empires

The US runs immense trade deficits with the entire planet. Large or small countries all took advantage of Free Trade to export all sorts of materials and goods to the US. This is the root cause of the global financial collapse. All other things such as the Japanese carry trade or the international bankers lending money in various housing or stock markets, all hinged on trade imbalances. This has to be fixed. It can't continue. We look at some Federal Reserve graphs to see how this works.

Category:

News & Politics

Tags:

• Free Trade
• Federal Reserve
• bankruptcy
• Japan
• China
• Canada
• Mexico
• Germany
• United States
• graveyard empires

[Zamolxx]

The fundamental conflict of interest is between commercial banking and investment banking. These must be separated, that's the only way of protecting depository institutions from speculation and financial derivatives and implicitly protecting public finance. Countries need to implement a Glass-Steagall type of legislation and adopt a new Bretton Woods system.

[SilverRose09]

Do you think America will file for a bankrupsy? Maybe no so drastic, maybe our standard of living will go lower as we owe the world so much....

[van1976]

Thanks for posting these videos.

--Van

[MyLittleFunk]

Excellent video Elaine.