by Gerald Spencer

Created on: July 09, 2009

Economics 101 - The USA is losing the Economic War! The USA is losing the Technology leadership war! The USA is becoming bankrupt! The USA is committing Economic Suicide!

Economic Principles: Economics, Trade Deficit, Government Spending Deficit, Jobs for Americans, and the Buying Power of the Dollar are all interrelated and very important. These subjects need to be understood by the General Public. Economics is not that complicated. It is interlocked with understandable cause and affect principals of various economic action options.

National Wealth: National economic wealth is created only when a country grows something in the earth, extracts something from the earth, or makes (manufacture or construct) something that is consumable (or useful). Transportation, distribution, warehousing, taxes, sales, delivery, packaging and other similar costs are added to the value (cost) of the product that was initially created by these basic creative efforts. The USA has almost entirely ceased to generate wealth for future generations. Industrious nations like China, India, Brazil, Pakistan, and other foreign nations grow wealthy and secure the value of their currency by creating enough products to support their needs with their farms, factories and mines, plus they earn additional currency by creating additional wealth by exporting additional products that they manufactured. The health of every other business in that economic country depends upon these productive industries.

US Foreign Trade Deficit: The USA has created a situation that US gold; US currency; real estate title to US properties, businesses, stocks, and other US assets are leaving the USA in amounts of annual value that are greater than they would be if US citizens were manufacturing more of the things that US citizens consumed. We must change this situation or we will become a post WWI Germany economically. This could happen overnight when we have sold title to all of our real estate, farms, agri-businesses, food supplies, dairies, forests, industries, breweries, hotels, factories, casinos, financial institutions, retail businesses, and all of the other assets located in the USA for freshly printed US Bonds and T-Bills to foreigners in return for their US dollars they earned making things for us to consume.

A Trade Deficit is created when the USA importing, transportation, distributing and retail sales companies such as WalMart, Home Depot, NTB and etc. pay companies and individuals

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