Publisher's Synopsis
This book is written for the layperson to help citizens and their representatives understand the economic and financial unjust effects of the U.S. trade deficit. The reader will find that their time is not wasted as the issues are presented in a succinct manner that provides a reasonable amount of facts and data to back up each statement on trade deficit effects. These effects are not simply unjust but likely boarders on unlawful activity. A court like case is presented to help the reader understand the serious nature of these trade deficit effects and also helps the layperson more easily digest the unjust economic facts. There are numerous supportive facts for each accusation, but the book does not try and over burden the reader with every possible available fact, focusing on reasonable key evidence. The book nicely explains and provide verifications on why the trade deficit effects 1) cause higher national debt due to serious tax losses of outsourced jobs, which impose these tax losses unfairly onto U.S. citizens, 2) cause yearly increases in foreign ownership of U.S assets (where it is projected that in 25 years foreigners will likely own 51% of the U.S. economy), 3) forces corporations to ship jobs and manufacturing abroad, 4) creates a competitive disadvantage for manufacturing in the U.S., 5) creates strong separation of wealth, 6) and supports organized international trading crimes such as currency manipulation, product counterfeiting and other unjust manufacturing problems. As a solution, the book offers that only balanced trade provides a true competitive advantage and is a very feasible alternative to free trade. Here it is explained that only balance trade can control greed, which is the fundamental cause of much of these unjust trade deficit effects. As well, the book explains the need for political economic reliable tools to help congress persons (mostly lawyers) do proper economic problem solving. Such tools would fill a serious gap in their decision making process. A book written in conjunction with Citizens For Equal Trade to help America realize the true consequences and solutions for the U.S. trade deficit.
