US Industrial Production Stagnation - GATT, WTO, NAFTA | Sir James Goldsmith 1994 Interview Reaction

In this video we talk about the United State's industrial production stagnation since the 1990s and listen & react to a portion of the 1994 interview with Sir James Goldsmith regarding the General Agreement On Tariffs & Trade (GATT), World Trade Organization (WTO), and the North American Free Trade Agreement (NAFTA).

We take a look at how we have off-shored our manufacturing base to China and how this relates to our twin deficits (Trade deficit & budget deficit), the purchasing power of the US dollar, and the wealth inequality problem that we are now facing globally.

We also briefly talk about this situation from the perspective of China and how this has contributed to their growth and real estate problem that has shown up in debt instruments of entities such as Evergrande.

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Our chapters are listed below:

0:00 Intro
0:52 Video Description
2:52 Mood Of The Twin Crisis Era
3:18 Establishment Of GATT 1947
3:50 Transition To WTO 1994
4:11 Chinas Accession To WTO 1999
4:45 Reaction To Sir James Goldsmith Interview 1994
13:28 United States Trade Balance
16:16 Comparing Trade Deficits Between Countries
17:10 United States Trade Balance Delta
17:59 Game Theory With US Trade Balance
18:30 United States Federal Spending Vs Federal Revenue
19:49 Purchasing Power Of US Dollar
21:30 Outro