Petroleum imports in billions of dollars. Red is annual data, not seasonally adjusted. Blue is quarterly data, seasonally adjusted.
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| Graph #1: Petroleum Imports |
I'll add one more line, for comparison. The green line is monetary interest paid.
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| Graph #2: Petroleum Imports (red, blue) versus Interest costs (green) |
3 comments:
HI Art,
Since you seem to be making a connection between fictionalization and oil, you may want to read this article:
https://hendersonlefthook.wordpress.com/2016/09/13/oil-international-banksters/
That should be Financialization not fictionalization.
I wasn't paying attention to what my spell checker was doing.
Fictionalization and oil, that's funny!!
Wow, powerful article. Depressing.
Only one thing I would question:
"...the greenback, which President Nixon was forced to twice devalue sharply in the early 1970’s due to the enormous debts the US had incurred from the Vietnam War."
Maybe there were reasons other than (or in addition to) the Vietnam War.
I don't have good data on that, though.
Thank you Jim.
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