It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
Originally posted by Happy1
For those who have realized this and watched their slow destruction of our country, it makes perfect sense.
In the mid-1980s, Shelton analyzed Soviet financial statements and found that the Soviets were heavily in debt, and sinking deeper - with the help of Western banks. Soviet debt jumped 50% in two years, 1985 and 1986. Why did they need the money?
"Their books showed that they always ran a perfectly balanced budget. That should have been a tip-off. It was too perfect," Shelton said. "In fact, they were dead broke. It was really a case of bankruptcy."
In 1988, the Soviets admitted for the first time running a deficit, estimated at $58 billion for the preceding year. Privately, Soviet economists put the figure at three times that number, Shelton learned.
Reagan's strategy had worked. At its end in 1991, the Soviet Union was living off Western loans. That couldn't go on forever, and it didn't.