The most important discussion has been the evolution or mutation of the "economy" from a middle class dynamo into a plutonomy where the 1% elite drive the dynamics and determine the health, or lack thereof, of the once robust middle class driven economic engines (see the series The Homeland: Big Brother Plutonomy - 8).
The Neanderthal congressional "fiscal cliff" machinations do not count (The Imaginary Fiscal Cliff?), nor does the "sequester blather sessions" which are little more than fodder for the B-grade movie "Fiscal Cliff 2".
Those psychotic episodes are not based in economic reality, because they are little more than crippling neoCon nonsense that seeks to perpetuate the bankrupting of the people initiated by Bush II era promiscuous imperialism mixed with the darkened spiritualization of war (The Virgin MOMCOM - 6).
That required incessant plundering of the treasury, which led to more and more warmongering, which in domino fashion led to the U.S. spending more on militant imperialism than the rest of the world combined (On The Origin of The Bully Religion - 3).
Propaganda struck deep then led to the Homeland Insecurity Monster (Homeland Security Happy Daze) that has only one purpose, to spy on Americans and build the largest and most useless agency on Earth, while trying to scare Americans with silly propaganda (Homeland Security Happy Daze - 2).
Meanwhile, American civilians have been driven to make suicide the number one cause of injury deaths, as American military folk make suicide the number one killer in their ranks (Surge of Snap Sergeants - 2).
The whoopie doo result is that "enemy terrorists" have clearly lost the contest to see who can kill the most Americans:
Suicide is now the leading cause of injury-related death in America, and the economy may be to blame ...(Suicide Leading Cause of Injury-Death). The military realm and the civilian realm have killed more Americans than the terrorists have.
So, what today's post is concerned with is focusing on some instructive international trade dynamics which reveal some of the negative results this psychopathic policy has fostered.
The old reality of U.S. domination is evidence that "The Times They Are A Changin'" (see video below).
It is time for the folks all around the nation to not only wake up, but to also stand up for your rights:
China has become the world's biggest trading nation in goods, ending the post-war dominance of the US, according to official figures.(China Overtakes U.S., emphasis added). Yes, it is time to stop play pretending with the "one day China will ..." pabulum, because that "one day", the future, has now become the past in significant ways, and "the US deficit in the trade of goods weighs heavily and is only expected to get larger."
China's customs administration said the combined total for imports and exports in Chinese goods reached $3.87tn (£2.4tn) in 2012, edging past the $3.82tn trade in goods registed by the US commerce department.
The landmark total for Chinese trade indicates the extent of Beijing's dependence on the rest of the world to generate jobs and income compared with a US economy that remains twice the size, and more self-contained. The US economy is worth $15tn compared with the $7.3tn Chinese economy.
The US not only has a large internal market for goods, but also dominates the trade in services. US total trade amounted to $4.93tn in 2012, according to the US Bureau of Economic Analysis (BEA) with a surplus of $195.3bn.
But like most western nations, the US deficit in the trade of goods weighs heavily and is only expected to get larger.
China has done that while competing "with a US economy that remains twice the size" of the Chinese economy.
While our neoDummies fuss about the wrong deficit, the wrong wars, the wrong constitution, and the wrong planet, the nation is taking hit after damaging hit.