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  1. Nov 2024
    1. the United States slipped from being a surplus country from having a surplus in its trade balance uh to having a deficit and kid was worried because he knew that historically speaking every Empire that went from being a surplus to a deficit economic entity started fading

      for - 1968 - US went from trade surplus to trade deficit - this meant US would begin fading - this worried Kissinger - Yanis Varoufakis

  2. Jul 2024
    1. Dueto the cheaper cost of manufacturing in China, manyU.S. companies have outsourced their labor abroad.This has resulted in a massive trade deficit betweenthe U.S. and China and has led to a loss of around 2.4million jobs since 2013, or almost two-thirds of allU.S. manufacturing jobs

      for - stats - US trade deficit with China

      stats US trade deficit with China - Due to the cheaper cost of manufacturing in China, many U.S. companies have outsourced their labor abroad. - This has resulted in - a massive trade deficit between the U.S. and China and - has led to a loss of around 2.4 million jobs since 2013, or - almost two-thirds of all U.S. manufacturing jobs

  3. Oct 2015
    1. American urban expansion partially steadied the global economy, as the us ran huge trade deficits with the rest of the world, borrowing around $2 billion a day to fuel its insatiable consumerism and the wars in Afghanistan and Iraq.

      America's debt is much higher than $2 billion today.. somewhere in the trillions.. is our hunger being fulfilled worth the debt its costing us?