Currently, the US economy consists of approximately 77% services, which contributes to major imbalances to their economic system and not to mention a massif trade deficit (imports exceeds exports ). The picture below depicts dark countries with trade deficits and greener countries with trade surpluses. The US trade deficit was over 550 Billion in 2011, […]
Tag Archive | "BRIC"
Why Does a Trade Deficit Weaken the Currency and Make the Country Poor?
Posted on 23 August 2012.
Posted in Gold and Silver, US Dollar CollapseComments (1,697)
Petrodollar Collapse
Posted on 09 May 2012.
The rise of the United States economy in the 70’s and 80’s was mainly due to Nixon’s abolished the gold standard. This event was historic as it allowed the green back to be . Although, as in history, allowing a currency to freely float in thin air will eventually cause inflation from easy monetary policies […]
Posted in US Dollar CollapseComments (1,935)
Get the economic "truth" delivered to your email now! Enter your email address here:
