“The U.S trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to political turmoil. . . . Right now, the rest of the world owns $3 trillion more of us than we own

of them.”                          

—Warren Buffett

The lack of jobs is the key factor in keeping poor people poor. The United States has been running historically high trade deficits of more than $50 billion a month or more for many years.

The United States had a total ban on trade with China until 1972.  Richard Nixon and Henry Kissinger opened the door. Vla...

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