"...[the US's] trade imbalance, in 2006 was 7 percent of GDP. That’s the highest peacetime current account deficit ever recorded— second only to Italy in 1924, a year before Benito Mussolini anointed himself dictator of fascist Italy."

Hartmann, Thom (2013-11-12). The Crash of 2016: The Plot to Destroy America--and What We Can Do to Stop It (p. 102). Grand Central Publishing. Kindle Edition.