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Podcast: The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism
Episode: THE AMERICAN DREAM IS BANKRUPT (due to losses from imbalance of trade and cooking the books)
Description: The American Dream is bankrupt due to the imbalance of trade (losses) with China, India, South Korea, Mexico, and all 30 countries to the tune of $1 trillion per year. Â Accumulating $31 trillion of current liabilities another $150 trillion in long term liabilities, by cooking the books for the Federal and State governments' accounting and budgetary cash basis procedures. Â According to the www.usdebtclock.org there are $158 trillion unrecorded obligations for the Federal and State governments due to cooking the books.
State and Federal government have not recorded according to generally accepted accounting principles all the debt and understated the annual de...