More Proof of Failing U.S. Economy
The U.S. as a nation is choking on the RED TAPE of debt
Here are some further facts that support the idea that the U.S. is choking on the RED TAPE of debt. The figures that I am going to discuss here represent the time period of 2001-2006, and will show how the U.S. has been getting progressively weaker in terms of the financial condition of the country.
Recent figures released by the federal government show a TRADE DEFICIT of the following:
- United States Merchandise Trade Deficit (2005) = $725 BILLION DOLLARS
- United States Merchandise Trade Deficit (2004) = $600 BILLION DOLLARS
- This represents a 17.5% INCREASE for just one year alone!
The United States' debt to the rest of the world as the planets most in-debt nation is as follows:
- United States Debt (January 2004) = $3.3 TRILLION DOLLARS
- United States Debt (End of 2005) = $4 TRILLION DOLLARS
- United States Debt (February 2006) = $4.5 TRILLION DOLLARS
The prices of commodities has shown that there is a great possibility of high inflation in other sectors of the economy. Since September 2005, the prices of the following have all increased by unnatural amounts:
- Aluminum (+ 50%)
- Copper (+ 44%)
- Gasoline (+183% since January 2001)
- Gold (+ 22% - 25 year high price!)
- Lead (+ 55%)
- Oil (+ 366% since January 2002)
- Tin (+ 30%)
- Zinc (+ 100%)
These figures, combined with the high debt and weak dollar, means that the U.S. is in very serious jeopardy of economic collapse.
Another factor is the various countries that have been looking to move their global oil trade to the Euro, after dropping the dollar. On March 20, 2006, Iran is holding their "oil bourse" meeting, where they are looking to drop the dollar and pick up the Euro. This is the REAL REASON why the Neo-Nazi-Cons are war-mongering in the Middle East.
The stated total U.S. deficit is now north of $8 TRILLION DOLLARS, with 60% of this debt accrued since 1990! What's worse, is that this figure is rumored to be many times greater than this in SURPLUS --- numbers that can be found ONLY in the Comprehensive Annual Financial Report (CAFR). The CAFR is one of the issues that really enraged me, as these governmental bodies run surpluses which would make our tax money obsolete.
Also troubling is the fact that the new Chairman of the Federal Reserve is known as Ben S. "HELICOPTER BEN" Bernanke.
He came by this nickname because of the manner in which he would deal with a period of economic collapse and a global depression. He replied that he would print an outrageous amount of money and would drop it out of helicopters, and those who scrounged for and collected the falling money would spend that money, and their consumerism is what would lift the U.S. out of economic collapse. This flooding of the market with liquidity would somehow solve all the nations' problems in one fell swoop.
It would be hilarious, if it weren't so serious.
The following sources were used in the creation of this Kentroversy Paper . . .
Historical Oil Prices (2001-2006)
Burien, Walter - Comprehensive Annual Financial Reports website - A MUST-READ!