Quote from Article on US TRADE DEFICIT: 

 

President Obama can probably tell you in his sleep. He’s presiding over a $690 billion trade deficit, the largest in the history of the United States, both as a number (that’s ten zeroes, by the way) and as a percentage of our country’s GDP (that’s 5%). Our latest infographic takes a look at deficit spending through the decades.

A trade deficit occurs when a country imports more goods and services than it exports. In the United States, imports have been out-sizing exports since the 1980s. In fact, the last time we produced a trade surplus was in 1975, with President Gerald Ford in residence at the White House. Ever since, our country has been living beyond its means, and the debt is steadily mounting.

Sound familiar? Many blamed the current economic crisis on the fact that millions of Americans spent more than they earned. Perhaps it’s in our genes.

 

 

Comments:

This Trade Imbalance Problem goes back, as the quote above says, TO 1975!!!!!!!

 

This ISN'T something NEW!!!!!!!!!!!!!!

 

In 1987, it was ONE of the reasons for the BIG STOCK MARKET DROP on October 19, 1987!    Hmmmmmm.....and the nubmer THEN was "only" -$151 BILLION !!!

 

2011 The Trade Deficit was $559 BILLION.

2010 it was $494 BILLION

2009 it was $379 BILLION......

 

Before you think this was an OBAMA Trend.....look at this:

 

2008 it was $698 BILLION

2007 it was $696 BILLION

2006 it was $753 BILLION......an ALL TIME HIGH.....  and so on.

 

by 5 year periods:

 

1980's last half total: $617 Billion for 5 years

 

1990's 1st half total:  $318 Billion

1990's last half total: $748 Billion

2000's 1st 5 years:  $2.2 TRILLION

2000's 2nd 5 years: $3.2 TRILLION

 

2010 and 2011 total:  $1.05 TRILLION.......

 

Put this together with:  United States Government Annual Budget Deficit growth over the past 30 years......and what do you get?

 

A MESS!!

 

So you have a GROWING:

1) US Trade Deficit

2) US Gvt Annual Budget Deficit

3) US TOTAL Indebtedness Growth....

 

TICK TOCK.....

 

The dominos are ALL LINED UP.....

 

HOW DOES THIS EVER GET fixed.....by man???    NEVER

 

BY GOD........with a Pre-Trib Rapture, and the 7 Year Tribulation.

 

Is it THIS year, in 2012?   I hope so....

 

www.2012RoshHashanahRapture.com  

 

YFIC,

Randy

 

PS.....HOw much longer can the world economy "hang on" before the Rapture happens?  Since I believe the Rapture happens when the world is NOT in a catastrophic mess yet, the Rapture MUST be near.......it just must be VERY near........