Loading ...First the other nations from 1934 to 1971 stole half our Gold hoard at $35/oz. by redeeming US Dollars spent overseas for Gold. When gold was trading naturally at $140/oz. From 1917 to after 1967 the USA gave foreign military aid to numerous countries.
When the USA people finally revolted, and stopped our alleged gov’t from giving away our gold at rigged fixed artificially low prices in 1971, our foreign special interest US Gov’t proceeded to give away our jobs.
The foreign economic welfare (importing) started with Nixon and accelerated under Ron Reagon ’81-’89 until the crash in 2008, because they took too much, and have been in panic mode to replenish the health of the goose that lays golden eggs.
But the trade deficits and or foreign welfare continues. I smell recession coming.