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21 Signs That The Once Great U.S. Economy Is Being Gutted, Neutered, Defanged, Declawed And Deindustrialized

Once upon a time, the United States was the greatest industrial powerhouse that the world has ever seen.  Our immense economic machinery was the envy of the rest of the globe and it provided the foundation for the largest and most vibrant middle class in the history of the world.  But now the once great U.S. economic machine is being dismantled piece by piece.  The U.S. economy is being gutted, neutered, defanged, declawed and deindustrialized and very few of our leaders even seem to care.  It was the United States that once showed the rest of the world how to mass produce televisions and automobiles and airplanes and computers, but now our industrial base is being ripped to shreds.  Tens of thousands of our factories and millions of our jobs have been shipped overseas.  Many of our proudest manufacturing cities have been transformed into “post-industrial” hellholes that nobody wants to live in anymore.

Meanwhile, wave after wave of shiny new factories is going up in nations such as China, India and Brazil.  This is great for those countries, but for the millions of American workers that desperately needed the jobs that have been sent overseas it is not so great.

This is the legacy of globalism.  Multinational corporations now have the choice whether to hire U.S. workers or to hire workers in countries where it is legal to pay slave labor wages.  The “great sucking sound” that Ross Perot warned us about so long ago is actually happening, and it has left tens of millions of Americans without good jobs.

So what is to become of a nation that consumes more than it ever has and yet continues to produce less and less?

Well, the greatest debt binge in the history of the world has enabled us to maintain (and even increase) our standard of living for several decades, but all of that debt is starting to really catch up with us.

The American people seem to be very confused about what is happening to us because most of them thought that the party was going to last forever.  In fact, most of them still seem convinced that our brightest economic days are still ahead.

After all, every time we have had a “recession” in the past things have always turned around and we have gone on to even greater things, right?

Well, what most Americans simply fail to understand is that we are like a car that is having its insides ripped right out.  Our industrial base is being gutted right in front of our eyes.

Most Americans don’t think much about our “trade deficit”, but it is absolutely central to what is happening to our economy.  Every year, we buy far, far more from the rest of the world than they buy from us.

In 2010, the U.S. trade deficit was just a whisker under $500 billion.  This is money that we could have all spent inside the United States that would have supported thousands of American factories and millions of American jobs.

Instead, we sent all of those hundreds of billions of dollars overseas in exchange for a big pile of stuff that we greedily consumed.  Most of that stuff we probably didn’t need anyway.

Since we spent almost $500 billion more with the rest of the world than they spent with us, at the end of the year the rest of the world was $500 billion wealthier and the American people were collectively $500 billion poorer.

That means that the collective “economic pie” that we are all dividing up is now $500 billion smaller.

Are you starting to understand why times suddenly seem so “hard” in the United States?

Meanwhile, jobs and businesses continue to fly out of the United States at a blinding pace.

This is a national crisis.

We simply cannot expect to continue to have a “great economy” if we allow our economy to be deindustrialized.

A nation that consumes far more than it produces is not going to be wealthy for long.

The following are 21 signs that the once great U.S. economy is being gutted,  neutered, defanged, declawed and deindustrialized….

#1 The U.S. trade deficit with the rest of the world rose to 497.8 billion dollars in 2010.  That represented a 32.8% increase from 2009.

#2 The U.S. trade deficit with China rose to an all-time record of 273.1 billion dollars in 2010.  This is the largest trade deficit that one nation has had with another nation in the history of the world.

#3 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#4 In the years since 1975, the United States had run a total trade deficit of 7.5 trillion dollars with the rest of the world.

#5 The United States spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

#6 In 1959, manufacturing represented 28 percent of all U.S. economic output.  In 2008, it represented only 11.5 percent and it continues to fall.

#7 The number of net jobs gained by the U.S. economy during this past decade was smaller than during any other decade since World War 2.

#8 The Bureau of Labor Statistics originally predicted that the U.S. economy would create approximately 22 million jobs during the decade of the 2000s, but it turns out that the U.S. economy only produced about 7 million jobs during that time period.

#9 Japan now manufactures about 5 million more automobiles than the United States does.

#10 China has now become the world’s largest exporter of high technology products.

#11 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

#12 The United States now has 10 percent fewer “middle class jobs” than it did just ten years ago.

#13 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.

#14 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#15 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

#16 The number of Americans that have become so discouraged that they have given up searching for work completely now stands at an all-time high.

#17 Half of all American workers now earn $505 or less per week.

#18 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#19 Since 2001, over 42,000 U.S. factories have closed down for good.

#20 In 2008, 1.2 billion cellphones were sold worldwide.  So how many of them were manufactured inside the United States?  Zero.

#21 Ten years ago, the “employment rate” in the United States was about 64%.  Since then it has been constantly declining and now the “employment rate” in the United States is only about 58%.  So where did all of those jobs go?

The world is changing.

We are bleeding national wealth at a pace that is almost unimaginable.

We are literally being drained dry.

Did you know that China now has the world’s fastest train and the world’s largest high-speed rail network?

They were able to afford those things with all of the money that we have been sending them.

How do you think all of those oil barons in the Middle East became so wealthy and could build such opulent palaces?

They got rich off of all the money that we have been sending them.

Meanwhile, once great U.S. cities such as Detroit, Michigan now look like war zones.

Back in 1985, the U.S. trade deficit with China was about 6 million dollars for the entire year.

As mentioned above, the U.S. trade deficit with China for 2010 was over 273 billion dollars.

What a difference 25 years can make, eh?

What do you find when you go into a Wal-Mart, a Target or a dollar store today?

You find row after row after row of stuff made in China and in other far away countries.

It can be more than a bit difficult to find things that are actually made inside the United States anymore.  In fact, there are quite a few industries that have completely and totally left the United States.  For certain product categories it is now literally impossible to buy something made in America.

So what are we going to do with our tens of millions of blue collar workers?

Should we just tell them that their jobs are not ever coming back so they better learn phrases such as “Welcome to Wal-Mart” and “Would you like fries with that”?

For quite a few years, the gigantic debt bubble that we were living in kind of insulated us from feeling the effects of the deindustrialization of America.

But now the pain is starting to kick in.

It has now become soul-crushingly difficult to find a job in America today.

According to Gallup, the U.S. unemployment rate is currently 10.1% and when you throw in “underemployed” workers that figure rises to 19.6%.

Competition for jobs has become incredibly fierce and it is going to stay that way.

The great U.S. economic machine is being ripped apart and dismantled right in full view of us all.

This is not a “conservative” issue or a “liberal” issue.  This is an American issue.

The United States is rapidly being turned into a “post-industrial” wasteland.

It is time to wake up America.

  • uncle buck

    short of pulling off en masse demonstrations a la egypt, we wont be taken seriously. the ruling class live in their own world- us peons are vermin.

  • walmartnation

    yeah but we have unemployment insurance that goes on forever, food stamps, medicaid, medicare, social security,section 8 etc. show me another county that has all those goodies

  • mondobeyondo

    Once upon a time (about 1950 or so), America was a totally different country from the one we know today.

    There were no foreign made products in stores, or so Grandpa once told me. No Toyota, no Sanyo, no Toshiba, no Sony anything in any stores. RCA, GE, Philco and other products were on American store shelves. EVERYTHING was American made. End of question.

    Europe’s population and economy was ruined by war. Japan’s – ruined by war. China was a non-factor. America sacrificed her soldiers and resources toward the war, and in the process destroyed much of Europe’s and Asia’s industry, in a noble effort to rid Hitler and the Japanese imperial regimes. But in the end, economically we came out of it strengthened. America was the only nation left standing with a viable economic base.

    We helped build Europe up from the ashes with the Marshall Plan. We made great technological and medical advances (heck, our scientists cured polio!) We sent men on the moon. And now we’re choking on our own success. We tell our grandchildren, “We are a great country! We are a mighty superpower!” And when was the last major war the U.S. won?

    So what the hell happened? Weeelll.. um Debbie, darling grandchild, I want to tell you, sweetheart, but it’s time to go to bed now…just know that you’re the beneficiary of all of this grand tradition and success…hush now, time for a bedtime story.

    (you’re gonna pay for all our early 21st century extravagance until you’re in your 80’s, and then your kids will pay for it until they die – if America lasts that long!!)

  • C

    Nobody will wake up until it affects them directly, with an aging population, good luck, I know to many fellow Americans who could not even walk two flights of stairs without having a heart attack.

    Meanwhile in Wisconsin the governor is talking with the national guard concerning the possibility of striking state employees in the wake of his proposed elimination of collective bargaining as we know it.

  • impeachRonPaul

    Rather than investing in high speed trains and bringing the U.S. to the future, the republicans insist on a trillion dollar deficit increase to give tax breaks to billionaires!

    The religous right will support whatever fiscal plans the republicans have in order to gain power and continue their religous dictatorship stripping rights from all of us. Christians want us poor and dependent on the churches for handouts and emotional support.

  • Greyhawk

    And, it has been gutted, neutered and defanged by our own government that has created so many bureaucracies, each with it’s own regulations, restrictions, fees, fines, permits, etc. that has caused most of it. And, the other factor has been at the hands of worthless labor unions that demanded more and more at the same time that the government was overregulating and taxing, and eventually our manufacturing and industrial base had to leave the USA to find the freedom to make a profit. It is time to Defund the USA Regulatory Commissions and Bring Down The Taxes, and get back to common sense governance, and get back to charging import taxes on the Chinese Junk so that it is not as affordable for them to produce junk with slave and prison labor and then export to the USA duty free. It is time to fund the USA the way it was founded. when the USA was founded, it was to be funded by import taxes and moderate business taxes. There was to be No Land Taxes, or other Taxes. Our government has grown so big that it takes trillions to fund it, and these worthless bureaucracies try and regulate and charge fees and taxes on everything that moves, that sits still, and even now, taxes on your estate when you die. We have to Kill the U.S. Bureaucracy by Abolishing it, and reducing the taxes needed to fund this worthless bureaucracy and then our Manufacturing Plants come home. We have to make it Not Profitable by getting out of Unfair Trade Deals that Our Sellout Politicians From Both Parties made. Deals such as NAFT and CAFT need to be Trashed. Deals with China Needs To be Scrapped. Then, we Re-Build America. And, also, we round up the Tens of Millions Of Illegal Invaders who work off the books and contribute nothing while at the same time costint the nation hundreds of billions annually by sucking off the government TEAT which the bureaucrats in welfare agencies gladly give to them illegally.

  • Kevin

    Globalization wasn’t inevitable it was created by ultra wealthy interests which systematically influenced governments in the developed world to open their markets duty free to nations with a surplus of cheap to the point of being almost free by comparison labor. These developed democracies certainly did not tell their respective citizens what would happen to their standard of living. To the contrary, the decline in traditional wealth creating manufacturing was intentionally displaced with debt. This debt engine and it’s close friend the “Service Economy” was sold to the trusting ignorant that were all too focused on “food and circus”.

    The power elite get the body politic of the left and right to throw stones from their respective glass houses. It’s actually comical to see the hard core democrats and republicans argue when any prudent person can see how little different they both are. Guaranteed the labor and conservative supporters in Europe put on the same show.

  • brian

    to impeachronpaul. That is most idiotic thing I have ever heard. How can a high speed rail system that can not make money and needs to be supported by tax dollars because it won’t be able to be self sufficient bring us into the future. It will bring into more and more debt. And on tax breaks to billionaires, do you include George Soros, Obama’s main backer, among them? He is one of the richest around, and has ruined the economies of several countries, and he bankrolled Obama. Wall street is on his cabinet, and you think it is just republicans that do this mess? Christians don’t want people poor and dependent. Liberal Godless communist, muslim, baby killing perverts like you do. You libs back up the rights of the muslims, then claim separation of church and state to attack the jews and Christians. Such hypocrisy, bigotry comes from the left, not the Christian Jewish right. I don’t know what else to say. Your blindness amazes me.

  • http://cherylkicksass.blogspot.com Cheryl M.

    Would appreciate your dating your posts, it’s only fair. Date your posts!

  • Bill

    I think Kevin’s got it right. To “impeach Ron Paul” I would reply that you are still using the old left/right straightjacket that the globalists want us to use to keep us fighting one another and ignoring what they are doing to the world economy. It’s not us “Christians” who want everyone poor, it is the globalists so they can have carte blanche to run their great new world order, that happens to benefit the bankster elite at the expense of everyone else. If we are fighting for enough food to sustain us they are hoping that we will accept whatever dictatorial structure that will give us enough bread to eat. I prefer Patrick Henry’s “Liberty or Death.”

  • Reddog

    Hey,you know what it means to go to walmart,see a big american flag hanging & saying “bring it home to the USA!! don’t you!Wonder if that was a chineze flag how many new walmarts would be built!!

  • American Patriot

    “IMPROVISE, ADAPT, OVERCOME”

  • Davidm

    This Economy is so very sick. Having to compete with foreign countries that force their population to work for slave wages is destroying our jobs and the middle class. Pretty soon you will have to work for slave wages if you want to feed yourself and your family. Yet no one beside the author and Don Trump is even bringing this up. Both parties speak with delight at competing in the global economy. They are all wrong we need heavy tariffs and we need them now. I know the intellectual eggheads will say imposing tariffs is counter productive. Well that was in the 1930s when we had the luxury of a huge trade surplus.

    Someone has to put a stop to this and quickly and the public has to be fully informed what is going on. We should all do all we can to challenge our representatives on this critical issue. If not we will face riots in the streets.

    The scary part is that many believe riots are what these corrupt politicians want so they can impose their harsh communist regime on us all. Couldn’t you see Obama stepping down and turning power over to a one world government when the time comes. I am starting to believe that is their game plan. God hehp us all.

  • The Unicorn

    Remember Bush changed the definition of what a manufacturing job is.If you flip a burger your counted as manufacturing.They are so clever!

  • mondobeyondo

    And to those who say that war will always get an economy back on its feet (a la World War II):

    According to that theory, Vietnam should have led to boom times. Didn’t happen. The U.S. has been involved in two wars since 2001. One in Afghanistan, and one in Iraq. The domestic economy is still mired in recession. So no, military conflict alone doesn’t guarantee economic success.

    World War II pulled us out of the Depression because it was an all-out effort against tyrants determined to kill anyone who didn’t agree with them or look like them. Afghanistan and Iraq (like every war the U.S. has fought since WWII) have been half-a$$ed attempts to find “terrorists” and “communists”.

    It is extremely difficult to win a guerilla war. In a guerilla war (Vietnam, Afghanistan, etc), the guerillas more often than not win, no matter how powerful their opponent is. (Afghans vs. Soviets, 1979.) They know the USA is a superpower, and can blow them off the face of the earth. They know we have atomic bombs. But they also know we don’t have the will to use them, and that is our Achilles heel. Insurgents 1, USA 0. The people we are fighting know this.

    We need the same type of determination today as we had in WWII, not just militarily, but economically as well. Unfortunately, it’s not happening. A bailout here and a bailout there, just won’t cut it.

    Get the banks lending again! Obama, tell Bof A, Citibank, JPMorgan, etc. to immediately cease all restrictions for private citizens and private businesses to access that bailout money! Quit hoarding the cash and cut the purse strings! (Won’t happen.) “Damnit, it’s my money – I paid for it!!” Reduce all the tax codes and stupid legislation that strangles and restricts the growth of private business in America! Incentives for businesses now overseas, to return to America. Then, maybe we would have half a chance. At least TRY!! Government isn’t even trying. They’re just “putting the pedal to the metal”, and speeding up our demise.

    It would be a step forward, and would relieve a lot of national misery and pain. Oh, by the way, we’re still doomed. But it’s more comfortable to have morphine and a chocolate milkshake in your dying days, than nothing at all.

    Just my 3 cents’ worth…

  • Nickelthrower

    Greetings,

    I saw all this happen while growing up in the Rust Belt. I watched the factories close down one by one while the cities of Detroit, Cleveland and Toledo fell into ruin. I saw it happen.

    I saw things get so bad that you literally had to have family connections in order to get a job at McDonald’s.

    The rest of this nation didn’t care one bit about what happened to us. We warned everyone that it could “happen to you too” but no one cared just as long as they could punish those “horrible, lazy unions” and get their manufactured items cheaper.

    Guess what? It is now happening everywhere and now everyone gets to see what it is like living in Detroit.

    I’ve written about this before but I just can’t even begin to imagine what you guys think it will be like. Regardless of how bad you might think it will be, just multiply by 10.

  • Gary2

    The economic destitution in this country is the result of conservative republicans catering to the rich and sucking all the wealth from the bottom 98% to the top 2%.

    The republican conservative philosophy is a selfish cancer that needs to be discarded. We are in this economic mess as most people have no money which = no demand and yet these stupid dolts called repubes keep giving tax cuts to the rich. WTF? I do not let the dems off the hook either.

    Until we tax the rich HARD and spread the wealth more evenly we will not recover. Fortunately more and more people are coming to this realization and are starting to demand redress.

    I love watching the repubes in the house implode. Another hypocrite repube just resigned due to a sex scandal. Let me see that must now be 112 of these right wing scum bags who has been caught up in sex scandals.

    Oh and how are they focusing on jobs now that they control the house? Not at all. They have done everything but talk jobs. Maybe if mr boner stops crying…and stays sober… Pelosi ran circles around this buffoon.

  • http://www.planorperish.com/ Gutter Economist

    In the 1950s, we did have imported products from Japan. These were toys and carnival trinkets made from discarded US beer cans. Is this the kind of innovation Obama is talking about? “Made in Japan” was a popular joke.

    In the 1960s, I attended college in a town with a steel mill. At this time, Japan was shipping iron ore and coal from the US to Japan then selling their steel in the US for less than US steel makers. In the 1970s, a large shopping mall was built in this college town with steel from Japan. A few years ago, the steel mill in this college town was shipped to China.

    In the 1980s, my manufacturing career ended when China began selling high tech products in the US for less than US production costs.

    The US economy has been under attack for many decades. For part of this time, executives tried to keep jobs in the US but Washington refused to help. Instead, politicians used Japan to show the rest of the world how easy it is to take over American farms, factories, and natural resources.

    Russia recently acquired 25 percent of our uranium reserves. China is currently buying all the natural gas reserves they can in North America. This gas will be going to China. Think about that next time you turn your heater on.

    This is not just another recession. This is the end of America. Jobs are not coming back. Our politicians should be sent to Gitmo for economic terrorism.

  • Owen

    In case you haven’t figured it out yet, this is all about preparing China for the next world war. I would imagine we have about 5 years or so before the Chinese (with Russian help) will feel confident enough about inevitable victory. Never doubt that this war has been planned by the elite to reduce the world population to a more managable size. World events will not turn out the way the elite believe it will. This life is not as important as the next. Jesus is the only hope for humanity. Now is the day of salvation — don’t wait.

  • Suetonious

    I think the situation might call for a macabre sense of humor regarding how the PTB is timing all this. I’m a certified nutcase (ask my family), proven by my wacko warnings back mid-decade that housing was going to tank – and to buy gold and silver. They all dismissed me with a smirk or an exasperated grimace. “Housing always goes up” – end of discussion. Of course, the nature of human beings is that they forget that I turned out to be correct. All that lingers in their minds is that I said something wacko. Such is most of humanity.

    Anyway, this wacko now believes that the PTB are kicking the can all the way down to Earth changes that are pretty much going to wipe the planet clean of the current civilization, in which case it’s like: “Jubilee across the planet!! Nobody has to pay nobody back for squat!!”

    Earth changes don’t have to be all that dramatic to cause the delicate worldwide infrastructure to fail catastrophically, and they’re pretty much coalescing all at the same time.

    Accordingly, there is now a major “Hoovering” operation to suck every last bit of wealth from the Western world in order for the PTB to send it down their black holes of DUMB’s and other Black Budget programs, which we have very little insight into. Imagine if your local mafia was shaking down everybody on the street in accelerated fashion, to the extent that everybody knew it was unsustainable. Would the average Joe on the street have any idea as to why, and to where that money was going? Questions would arise as to whether the local mob outfit was raising funds for gang warfare, or buying into a higher mob position, or maybe preparing to skip town for more lucrative operations. We wouldn’t know, since we’re not on the circulation list for these types of accounting reports. The ones we DO get from the minion crew in DC are hopelessly fraudulent.

    However, we can look around at some bizarre and accelerating developments in Mother Earth, and figure out that this ain’t the fault of the PTB, much as we wouldn’t put it past them. Nope, this is something bigger than their centuries-old Con Job, and it seems to this wacko that they’re stepping up the pace of their siphoning operations for their own preps, which…do take a lotta money.

    China is being used to turbocharge the consumer siphoning system, as the profits from selling goods to the western consumer society are vastly multiplied by using Eastern labor and infrastructure at a fraction of the costs required to maintain a functioning western society. Whatever money that is required to paper over the unsustainability of this in the West,is to be printed up in the vastest check kiting scheme ever seen, all the way until it’s pretty much “mooted” by a metaphoric end of the world.

    And pity China. Yeah, I know that sounds nutty, but I’m a western expat that’s lived in China for quite some time now, and it strikes me that China is like the fuddy-duddy couple living downstairs from some coke-snorting Charlie Sheen types that have been having floor-shaking orgy parties at their Penthouse apartment for years. They finally can’t take it anymore and decide to respond to the general invite posted on all nearby floors as the partiers’ way of heading off neighbor complaints. They hurriedly throw off their pajamas, don their party clothes, and arrive just before the cops swarm in to cart everybody off to jail. China has arrived in the hyper-consumer age – just in time for the whole ponzi scheme to fail right ahead of Mother Nature’s arrest warrants.

    Like I said, ya gotta laugh.

  • William

    There are just three words to explain all of this:

    Smirking Chimp Bush

  • Kevin

    Is this blog on Greenwich Mean time?

  • Colin

    I am very tired of people bashing the unions. If it wasn’t for the unions, then many of the rights workers have now would be non-existent. Unions were created at a time when workers were severely abused by corporations.The unions were at their strongest when our America was prospering. A union worker could live the American Dream and retire comfortably. Now, with corporations ascending and unions descending, more and more Americans are falling into poverty and we are witnessing a reversal of worker rights. One of the enemies of unions is the right wing because a. unions traditionally supported Democrats and b. corporations hate unions. The Republicans in power now are actively attempting a Sherman’s March through our civil and worker rights. Let me be clear – I don’t have a rosy view of unions. I think unions have problems and these problems can be rectified by reforms; however, I don’t feel that unions should be destroyed. If you disagree with me, could you please do some research into what life was like for workers before the creation of unions? I am not interested in refuting the opinions of Murdoch, Koch, and their ilk. Thanks.

  • jjjj

    Are you U.S. people really doing fair deal with rest of the world, when you buy natural resources and products with your dollars?

    All other civilizations in history have done their trading with gold, silver, food and other real products, but you just keep printing more and more dollars to buy lot more than your country actually produces.

    I have nothing against american people, but it just seems that this cannot continue forever.

  • i

    The are only two countries left, the country of rich, and the country of poor.

    Geography is irrelevant.

  • http://www.dailyjobcuts.com Karen

    Sorry Walmartnation but you are very wrong –
    Every working person pays into Social Security and if a husband dies his wife is entitled to his benefits, Dissabled persons receive SSB Most big companies contribute to unemployment benefits along with their employees. So yes these benefits belong to the people that paid for them. Yes there is FRAUD and WASTE but a lot of the FRAUD is done by white collar workers.
    please all visit http://www.dailyjobcuts.com

  • richard allen

    Well We all have to make massive personal changes to cope with this….

    No more livin large Evey dollar spent is an investment in your future..or you can pizzz it away like you’ve been doing.

    I also don’t believe high speed trains are the answer maybe on the east and west coast but that’s it …plus without ticking of thousands of people with emanate domain…where do we build it?

    A better idea is to upgrade and use what we have we have abandoned tens of thousands of miles of track which could be put back to use..Also add a $2 a gallon gas tax to help fund this…

    But the next boom will be when they can put $5000-10,000 worth of solar panels on a house and stay off the grid for 9-10 months of the year. Imagine retrofitting 100 million homes?
    we would have no unemployment for a decade or more

  • http://www.breakingnewsjournal.net Christopher Popham Smith

    Well, there you have it, my fellow Americans.
    Even if the stats presented here were only
    half true, we’d still have an economic crisis
    with which to contend.
    You see, between an inept, corrupt and greedy government, high unemlpoyment, apathy,
    political correctness……. it’s over.
    My economist friends around the country and globe all agree, that it is just a matter of time, before we go the way of Ireland and Greece. And not just because of Egypt, we are
    heading for the 21st Century American Revolution. The signs are all around us.
    Oh, you think it couldn’t happen to the U.S.?
    Think again. Our research points to a seismic
    economic, cultural, societal shift, that will
    affect all the world in about 60 days.
    Good luck, America.

  • Bezzlebubba

    To impeachRonPaul. Jeez, party politics? Really it’s all the Republicans fault? All about tax cuts for millionaires? You need to get your head out of you behind. This isn’t a Dem or Rep issue. Both sides backed NAFTA and China’s most favored trade status. You are part of the problem with this country right now. People that boil this down to the politics need to stop. Otherwise none of this change, and it will just move forward. We need to look at where the person running stands on these NATIONAL trade issues, and vote accordingly. They need put the USA and it’s people FIRST. Sometime trade tariffs are a good thing. Gee, will you have to pay $20 for a shirt instead of 10 at SprawlMart. Maybe, but knowing that the job you created may be your son or daughters isn’t a bad thing. Is it?

  • Gabrial Singh

    @greyhawk. it was your right wing cohorts who destroyed the industerial base, not the trade unions. dont you tea baggers have some old ladies to steal purses from, as opposed to spewing the lies and hatred, from NAFTA to CAFTA, that you right wingers have destroyed America for the sake of money?? greedy idiots is what you are.

  • TerryB

    Walmartnation, if you’ve ever been to Europe, you would know that they have all those goodies of which you speak, and MORE. They have free healthcare, and 6 weeks of paid vacation, family leave, and free college education! They GET SOMETHING for their tax dollars!!!

  • alice

    Ok, let’s put it up for a GLOBALIZED VOTE (Coming to a voting booth near you), because Democracy and Globalization has been our motto for decades. How many people in the world would like to continue the trend mentioned in the above article? Oh, we lose, we have lost the World’s Democratic vote, the rest of the world agree, that we should continue to trend and continue exporting the USA’s wealth and jobs. In a Globalized World, will we be the ones who will resent Democracy? Do we really want to give away our country in the name of Democracy? The middle east is changing real quick in the name of Democracy. Can Israel and many other countries survive Democracy? The world is changing too fast for me to digest the entire ramification of Globalization. We have to change our entire financial system REAL FAST in order to save our country from ruin. CUT DEEPLY DEBT/DEFICITS, BALANCED BUDGETS,CUT GOVERNMENT 30% AT ALL LEVELS, IMPORT TAX INSTEAD OF INCOME TAX, TAX CUTS ACROSS THE BOARD, ELIMINATE/CONSOLIDATE
    SERVICES. This is the only way back to prosperity, otherwise we are done as a nation!

  • alice

    Read and reread what Greyhawk wrote in his comment! He makes a lot of sense!

  • http://faultlineusa.blogspot.com/ Faultline USA

    The article was very good. Thanks for sharing it with Faultline USA. Some of the comments are pretty darn wacky. That’s a big part of the problem.

  • Michael

    You wrote –

    “#8 The Bureau of Labor Statistics originally predicted that the U.S. economy would create approximately 22 million jobs during the decade of the 2000s, but it turns out that the U.S. economy only produced about 7 million jobs during that time period.”

    Actually, according to the BLS payroll stats (the ones that are published every month), the economy has not gained one new job since Dec. 99. In addition to manufacturing, categories such a s Finance, Accounting, Information, Legal Services, Architecture, Engineering, and Computer Systems design have either lost job or posted small gains, far less than the number of graduates in these majors. So there is really nothing for displaced manufacturing workers to retrain for.

    The household survey shows a pathetic increase of 1.545 mil. jobs

    The situation is even worse than you say. Otherwise it’s another good post….

  • http://mindtaker.blogspot.com/ Drunken Economist

    Stop relying on the government. DEFUND. Stop adding programs & foreign aid.

    SUBTRACT. Do not add to the peoples’ problems.

    If you’re out of work, WAIT & SAVE. Do not spend $$$ on crapola.

    DEFUND the government.

    DEFUND globalization.

    DEFUND. Or continue to watch the ineffectual pols spend your $$ on Wars, ‘aid’ and social programs that have DONE NOTHING.

    DEFUND.

    -Drunky

  • Lisa Scholz

    I am SO sick of people complaining about Social Security & Medicare. You seem to forget that people paid money into these programs & deserve to get it back!

  • Libertarian jerry

    The decline of America has been carefully planned for decades. The power elites,who have done the planning,want to destroy America socially,economically,spiritually and philosophically so that America can be folded into a New World Odor run out of the U.N.,with the elites behind the curtain pulling the strings of power. All 10 Planks to The Communist Manifesto have been implemented into the American mainstream and now its only a matter of time until our Constitution is totally abandoned and replaced with a New World Order Charter. At that time the American people will be nothing but serfs to the power elites and the megalomaniacs who want to rule the world.

  • Gary2

    Here is why we need to tax the rich and spread the wealth:

    During the last 30 years the rich have received tax cuts on a regular basis such that in 2010 there was not even an estate tax. As anyone can plainly see this has done nothing to help the economy. Simply look at this latest great recession and the damage is is still causing the bottom 90%. Wealth has very clearly not trickled down. If it did we would not have such a huge banana republic level of wealth and income inequality. The last time we had such a large concentration of wealth at the top we had the great depression in 1929.

    Tax the rich more and the country does better. They paid 91% marginal rate in the 50-60 and we were all doing good. Family supporting jobs etc.

    As I see it we now have socialism for the rich and corporations and brutal capitalism for the rest of us.

    Its so sad that the rich have deceived the t4ea party folks into voting against their own self interest.

  • IndianaJohn

    Everything is just rosy.
    But it won’t be when we get rewarded for a century of killing whole nations.

  • Alice

    A boycott of all foreign made products, would bring the whole house of economic cards down.

  • Kevin

    Gary 2

    The problem is you can tax the rich at 100% rate but unless we create wealth with manufacturing and close (or eliminate) the trade deficit (which is 50 billion per month) we will still lower our standard of living.

    Think of this like an ATM machine. Regardless what account you pull money out of in the end if it’s not replaced your are poorer.

  • Thomas

    What gets me , ever since the Reagan administration, none of the politicians had
    to live through the results of their policies.
    In wyoming, we didn’t recover from “Reaganomics” until the 1990’s. Now we
    are getting hit again. Business Week ran articles on the”jobless” all over the world.

  • mondobeyondo

    It’s not entirely China’s fault. We did our part as well.

    Like any good businessman/woman, China saw an opportunity and took advantage of it.

    They used to manufacture junk, just like Japan did in the 1960’s. Imagine listening to the Beatles on a crackly Japanese made transistor radio…hey! What gives?! These batteries only last for 25 minutes!

    (Cue the nice cute jingly music)
    Have you driven a Nissan…lately?

    China is doing the same. They aren’t just standing still, dreaming about their past accomplishments, such as inventing gunpowder. Their universities are starting to graduate top scientists and physicists. China now has the fastest supercomputer in the world. They already had the fastest rail system in the world. It’s not about rice paddies and Panda Sushi anymore. We used to have a great passenger rail transportation system. And now? We have Amtrak. We had Amtrak in 1973. And we still have the same Amtrak. Good grief. It’s 2011. Even England and France developed the supersonic Concorde, for commercial passenger travel… and it is now a museum piece!!

    Come on, America! Get with the program!!

  • http://survivalrealestate.com T.J. Jackson

    Great article but you avoid the logical conclusion. There is no way out without a tremendous restructuring of our society, our government and our way of life. This restructuring will not be done without coercion. If you are not preparing for the collapse of western civilization, you are a fool. The only question is when it will happen. My money is on the next two years. How is that fallout shelter coming along?

  • copan_dan

    Seriously, who’s ready for what’s really necessary to get respect from Washington and get respect back for America?

    We all, left,right,nether, agree that our politicians are useless whores that service the money&power pimps that keep them ginned up and satisfied.

    Very few will agree that addictions keep US all from motivating toward a truly representative government.

    It’s the desire for stuff that creates the need/greed that blocks our eyes, brain, heart, conscientiousness from seeing that a militaristic hegemonic government is what provides our drugs. They control us through stuff. Just say no. Don’t buy it, don’t use it, don’t be complicit in the means to acquire it.

    Please don’t be the “Ugly American” that only wants more and more for themselves. If you are that type of person you’re in for a rude awakening.

  • John

    Kevin said basically what the game plan is, from my perspective. I’ve given it a lot of thought and offer some perspective.
    In New York City and another city I worked for these people who were asset stripping, merging and shipping industries away from America. The talk wasn’t in terms of millions of dollars but hundreds of millions made in a single transaction. This would later create the vaunted service economy benefits I would reap. Well, I never did and I always was amazed how the Americans(I’m first gen imig)would fall all over themselves to serve and bow and scrape. It was also weird to see politicians who say one thing but were basically at the beck and call of say a foreign billionaire. I saw this up close. A lot of people don’t realize it but America is already owned(especially real estate that is of any real value)by Foreigners or groups that are trans-national in orientation. Based in say New York but trans-national. I don’t see them coming back because of tariffs or even reduced taxes in any big way. The plan doesn’t need it. It’s delusion to think that some populist sentiment will force the corporate owned gov to switch gears because now the “middle class” is feeling the pain that others felt from the eighties onward. Better to keep em fighting!
    What I’m saying is these people don’t really see it anyways from the country or sovereign perspective.
    The fact is we are in economic wars on many levels.
    Of course China is winning. But what I never have understood even from way back in the eighties was how the Americans were so cavalier about their most destitute. They even put a Christian spin on it though I can assure you at the top they laugh at these fools. I have been no better, I only now understand what was going under my nose.
    I venture most people who even read this blog don’t know how a tranche works in a collaterized debt obligation. Or who bought all the recent commodities
    in Brazil for one of the big banks. Americans are financially ignorant for the most part except the top 10%.
    The challenge of the power elite now is to play different factions off each other and create demons of Willie Horton, Welfare Queen, lazy unemployed ect. ect.until the next war can be launched. America basically only creates deadly weapons now and exports war. The distraction factor is also important along with the kill or be killed factor. From where I sit the power elite here are winning in spades, Egypt and now other parts get it.

  • from nigeria

    america is going down just like other empires before it. get used to it. it is unfortunate that you are the first hand witnesses of history.

  • Jojo

    my daily schedule usually consists of: I wake up to my alarm clock (made in Japan) and while my coffee pot (made in China) is perking my coffee, I shave with my electric razor (made in Hong Kong). Then I put on my shirt (made in Sri Lanka) and my pants (made in Singapore) and my shoes (made in Korea). Then after cooking my breakfast on my electric skillet (made in India), I sit down with my computer (made in China) to review my schedule, news and weather for the day. After updating my Palm Pilot (made in Thailand), I check my messages and phone calls on my Blackberry phone (made in Mexico). I turn on my HDTV (made in China) to watch the news and weather. Then I get into my Pontiac Vibe (made by Toyota) filled with gas from Saudi Arabia, and head out to look for work. When I return home from my day, I put on my robe and sandals (made in Brazil), and pour myself a glass of wine (made in France), wondering why I have a problem finding a job in America!

  • Mark

    I have been warning anyone who would listen for almost two decades, most folks faces glaze over when I talk buy American. Now even though China have poisoned our children, watered down our steel products, poisoned our pets we still rush out to buy these products.
    The traitors are among us, and the people that have done this in my opinion have committed treason. What Kevin says above pretty much sums it up.

  • tc

    80% JOB SHORTAGE: Lower jobless claims doesn’t reflect unchanging 80% job shortage for millions of 99ers who exhausted and are exhausting benefits right NOW.

    On Feb 3rd it was reported a drop in U-3 Unemployment rate from 9.4% to 9.0%
    ARTICLE: US Jobless Claims Drop to Two-Year Low
    http://www.c-span.org/Events/US-Jobless-Claims-Drop-to-Two-Year-Low/10737419519/

    HOWEVER:
    1) Lower jobless claims don’t tell the story of millions of 99ers who have exhausted unemployment benefit extensions and 4 out of 5 have no jobs to turn to.
    AND
    2) Lower jobless claims don’t accurately reflect unchanging 80% job shortage!

    ARTICLES: MILLIONS of the recessions 99ers exhausting benefits up to now with no jobs to turn to
    http://www.examiner.com/unemployment-in-san-diego/hr6556-is-dead-99ers-scrooged-again
    http://www.csmonitor.com/Business/Latest-News-Wires/2010/1207/Unemployment-benefits-Extension-won-t-help-99ers

    ARTICLES: 80% job shortage: 4 out of 5 unemployed have no jobs to turn to
    http://unemployedworkers.org/sites/unemployedworkers/index.php/site/blog_entry/reps._lee_and_scott_introduce_bill_to_expand_emergency_unemployment_compens
    http://www.epi.org/publications/entry/20101110JOLTS/
    http://www.phillyrecord.com/?p=700
    http://www.mlive.com/jobs/index.ssf/2010/11/for_four_out_of_five_unemployed_there_ar.html
    http://www.huffingtonpost.com/2010/11/09/job-openings-unemployed_n_781019.html
    http://www.ibtimes.com/articles/82554/20101116/jobs-unemployment-benefits.htm
    http://www.fox40.com/news/headlines/ktxl-news-finding-jobs,0,675244.story

    WHO IS MY BROTHER?
    The following addresses and important part of the answer to our addiction to power over our fellow man that is reflected in the disastrous economic fallout relatated to globalism:

    In America, I think we need to replace “brother against a brother” with “a brother helping a brother” as mentioned in the book of proverbs in the bible.

    “A brother helping a brother is stronger than a fortified city” (Proverbs 18:19)

    And who is “my brother”?

    The parable of the Good Samaritan answers the question “who is my neighbor?” (i.e. “who is my brother?”)

    The Parable of the Good Samaritan (Luke 10:25-37)
    10:29 …And who is my neighbour?…
    10:37 And he said, He that shewed mercy on him. Then said Jesus unto him, Go, and do thou likewise.

    The one who shows mercy, of course, is “my brother”.
    tc

  • jea

    Sorry folks until we turn back to God and the Constitution we will need to be controled more and more by some type of lying dictator like Obama.

    P.S. Did you know that law schools now don’t require students to study constitutional law only international law.

  • Gary2

    In truth, of course, we could afford plenty — if we dared to tax the rich. A modest tax on Wall Street speculation alone, a new analysis notes, could raise $40 billion.

    http://toomuchonline.org/tmweekly.html

  • AL

    The problem is our fault from top to bottom. The American consumer demands high quality products at the lowest cost possible and our large companies know it. Only one solution: Buck up and pay the higher prices for U.S. goods, or, don’t own them.

  • Martin

    @TerryB
    You are right about a few things but dont believe we have free healthcare.
    I personnaly pay 119 euro`s a month for healthcare and that includes a small dental coverage which is to say i get 75% back from dental bill[insurrance] and only have to pay 25% myself up to 200 Euro`s for 1 year.
    If the dental bill exceeds that price then i have to pay the remaining bill myself.
    But the the healthcare does include hospital admittance and care.
    By the way i heard Donald trump in a interview saying he hates what America has become and was thinking about running for president in 2012.
    But i think America and Europe too have to protect there economies against the rise of China and India.
    For instance when the goverment gives a subsidy to a local plant/factory it demands that the CEO`s keep the productionjobs in the states and not ship them to China or elsewhere.
    The french president did this when they gave Renault and Peugot goverment aid.
    I think there is absolutely nothing wrong with protecting local interest to save and secure jobs and growth.
    If you dont want to protect the local market then youre a idiot and eventually will pay the price.
    Like we see in America today and Europe partially.
    Doing business and trading with China and India is fine but we dont have to give them all our jobs and prosperity.

  • Eliel Melton

    I used to tell me children: “Study hard, there’s kids doing their homework in China.”

    Yes, China is taking our jobs. They planned it and we helped.

    That doesn’t mean I wish my kids lived in China. RIght now, the average Chinese employee works his or her fingers to the bone making stuff they send to my kids. The average American welfare recipient has a much better lifestyle than the average Chinese worker.

    That can’t go on, and protectionism won’t solve it. Nature is based on competition, and we are all in competition with every other person on the planet for our resources.

    The greatest illusion in human history is the idea that writing ink on a piece of paper solves anything. But our government is run by 53% lawyers. They end up writing more laws that means more of their lawyer buddies have jobs.

    Imagine playing football with more referees than players, and then imagine that you had to pay the referees more than the players. You wouldn’t get many touchdowns, but there’d be a whole lot of flags being thrown.

    The real problem is that China is playing Chess and we’re playing Poker. And they know we’re bluffing.

    -Eliel Melton, Texas, Sunday 2/13/2011 12noon CST.

  • http://endtimeinfo.com Doe

    Yes, the collapse is coming and it won’t stop in the US either http://endtimeinfo.com/2011/02/trend-alert-revolutionary-fervor-to-spread-beyond-arab-states-europe-next-by-gerald-celente/
    People have to get pretty desperate to accept a global government so the food shortage, the riots, the decline of the US are all part of the plan to brings people to their knees.

  • Richo

    The dems are completely gutting us, the GOP are not going far enough in budget cutting. Nothing short of a balanced budget will suffice for long term recovery. Our industry is figuring out how they will survive but could care less about America. We might have 1 chance left if enough people wake up and elect someone who is not establishment and can do what is needed. I am anxious on a daily basis because of how aware I am of what is happening. It seems most do not even want to be aware.

  • PaulF

    impeachRonPaul, you are not only totally clueless but a diehard bigot as well.

    First of all, read the end of this essay: this issue (the economic collapse) is neither liberal or conservative: it’s a result of decades of stupidity by many Americans and treachery by elites of both stripes. You reply to every essay posted here but honestly seem to have learned absolutely nothing from them. Your attempt to constantly paint the collapse as the work of Republicans is childishly naive (but you seem to be motivated by spite more than anything else).

    Yeah, Christians want people poor alright! The Christian Church has done more for the poor of this earth for the last 2,000 years that *any* organization, government, or other group by a HUGE measure. You’ve probably been deluded by transparently revisionist history that you’re only too eager to accept.

  • Colin

    For a long time, I thought our country was the first to actively dismantle an industry and outsource the work to a foreign country. Today, I learned that in the late 1800’s Victorian Britain imported cereals from America for it was cheaper than growing the crops in the United Kingdom. (BBC History Magazine, December 2010)

  • Kevin

    This was planned. The big bankers and corporations invested in China decades ago and now they want to collect big time. That’s why you have so many people in Washington lobbying for laws that hurt the US economy. Those same people in Washington have personal self interests…. Cashing in on China.

  • William

    MAN, MOST OF YOU CAN NOT SEE THE BIG PICTURE. (FEW DO THOUGH).. YOU CAN’T STOP THIS! YOU ARE WASTING PRESCIOUS TIME COMMENTING ON IT. GET RIGHT WITH GOD IMMEDIATELY! PREPARE FOR DISASTER NOW!
    IF YOU DON’T, TUCK YOUR HEAD BETWEEN YOUR LEGS, AND KISS YOUR YOU KNOW WHAT GOOD BYE! SOUL AND ALL!
    THE END IS NEAR! JESUS SAVES!

  • http://ronaldgrey.wordpress.com Ronald Grey

    The current problem with transition – from the industrial age with a dominant manufacturing economy to a knowledge economy in the growing information age – is similar to the fallout following the 1873 financial crisis. To read more details click
    here
    .

    Sincerely,
    Ronald Grey
    http://ronaldgrey.wordpress.com
    Competence & Character: #Grey2012

    • Steven D Brewer Sr

      This is not a transition from an agrarian society to a manufacturing society as was the case in 1873. No one outsourced agriculture jobs back then. We are not transitioning from a manufacturing society ot an IT society because both sectors have been outsourced by the millions over the last 12 years. As with the agriculural sector in 1873 the nation still needs it’s manufacturing base here rather than paying for imports especially when those imports have been subsidized either directly by the country of origin or by that country manipulating their currency to in effect make their exports to us cheaper but it also makes our exports to them more expensive. Reagan tried to tell America we were changing to a service based society and it was a bunch of BS then as it is now with your post. Reagan and Bush both had one agenda in outsourcing our manufacturing base and that was to kill off the unions so that the Republicans can set up a dynasty into the foreseeable future.

  • Wes

    Im sure that the guy named ImpeachRonPaul is Not in fact the dumbest person online, however he does do a great impression of the dumbest guy online.
    The ‘churches” want us dependant on handouts?? Look I am an atheist and that has to be the dumbest thing I have read in awhile.
    You were close though, just too dumb to know any better. Its your hero the government that makes people dependant even a moron knows that.

  • mondobeyondo

    Most people have no concept as to how deep a bleep-hole this country is in financially. Although it’s been illustrated many times, here’s my take on the issue.

    The U.S. has a $14 trillion debt. Uh, getting ahead of ourselves here. Let’s start at the beginning…

    You earn $13.00 an hour at your retail job. You’re lucky. At least you have a job.

    You go on a TV game show. Regis Philbin asks you, “For ONE MILLION dollars – what is the square root of 49?” You correctly answer “Seven”, and congratulations, you are now a MILLIONARE! You go nuts, and your girlfriend screams like she has a front row seat at a Justin Bieber concert. A lifetime of macaroni and cheese awaits!

    One billion dollars. A billion is a thousand million. In other words, you will have to win a THOUSAND “Millionaire” TV shows, to reach this amount. Better get those questions right. Regis Philbin would have a heart attack if you ever accomplished this.

    Okay, so you beat the odds. You are Carlos Slim Herrera, or Bill Gates, Mark Zuckerberg (the guy who came up with Facebook), or Warren Buffett. You are now a billionaire. Now we’re talking real money.

    A trillion is a thousand billion. Start counting. Ten thousand…hundred thousand…
    thousand thousand is a million… thousand million is a billion. Good job! Keep going…
    1 billion and one… one billion and two… $1,999,999,999.99 – darn it, missed a penny! – one billion and three… keep going, and going for a thousand times, and you’ll reach one trillion dollars. That is ONE trillion dollars.

    The U.S. is now over FOURTEEN TRILLION DOLLARS in debt. That is NOT counting future obligations like Social Security, Medicare and Medicaid. Add those, and then the total approaches $100 trillion.

    Do you get the picture now?? It will never be paid off. Financially speaking – yes. We’re screwed.

  • Timli Mintage

    Of course they are winnig. Thousands of years of history and all the current logic you can muster proves that, .. in spades.

    But Egypt? No, not even hitoric Egypt gets away. Those revolutionaries, what were they asking for? Well, I can tell you what they were not asking for. They weren’t asking for an end to centraized taxaton and power, an end to paper money, a move toward local agendas and individual personal responsibility?

    In the end, the economies of the world will fracture. Big time war is a very likely possibility. The sooner a collapse of the global status quo comes, the more hope the worker’s of the world will have to turn thing around. The longer global forces continue things down this same road, the more likely it is we make it to something like the book 1984.

  • Jeff

    America is the past and Asia is the future. Japan leads the world in science and technology, China and India in mass manufacturing, and Singapore in finance.

    I plan on emmigrating from the US to Asia, where I can get a job teaching English or as a translator for much more than in any American “service” industry.

  • StokeyBob

    When I started looking into where the money was coming from to buy off the politicians and subvert the immigration laws of the world, I came across what may be the root of many of our problems. Fiat Money.

    No matter how much real money people can put together to build their countries the way they want there are those that can print up what ever it takes to get their way.
    Maybe this will help make the danger of fiat money clear.
    Imagine you and me are setting across from each other. We create enough money to represent all of the world’s wealth. Each one of us has one SUPER Dollar in front of him.
    You own half of everything and so do I.
    I’m the government though. I get bribed into creating a Central Bank.
    You’re not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with.
    All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world!
    That isn’t the only thing though. You need to get busy and get to work because YOU’VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.
    That to me represents what has been happening to the economy, and us, and why so many of our occupations just can’t keep up with the fake money presses.

    We are going to have to regain control of our government before we can regain control of our currency. We are going to have to regain control of our currency before we can regain control of our country.

  • zero

    Is it possible for everyone(all the nations in the world) to just forgive each other’s debt to each other? everyone to start over with a zeor debt?….what bad would come of it?….could the end result be any worse than it already is now?…seems like this would give all nations a chance to move forward. trully create jobs and thriving ecomony….greed and coruption will still exsist, but with the media and internet we have…………transparentcy will prevail?

    just a thought…

  • The Beast

    Well,
    Y’all need to learn from Egypt…people DO have Power.
    God will not change the fate of a nation until that nation changes its own fate.

  • Digby

    @JJo
    I love your daily schedule !
    So true
    But you did not say what you did while you were at work.
    Do you fip burgers or do you run a distribution company that ships stuff from overseas to the homes then to the dump?

    We in the west are going to have to wake up soon, the USA can’t keep printing money (the rest of the world won’t let it) and the west cant keep importing stuff.

    And we can’t rely on the politicians to make changes.
    And we can’t keep blaming the Republicans or the Democrats, they are both like possums in headlights.

  • http://www.danielrevelationbiblestudies.com Robert Stout

    Great article as usual to the writers and staff of the Economic Collapse!!! We have already entered the point of no return for this country!! The signs are all around us!!! My granddad was alive for the crash of 1929, and he said many, many people were jumping out of 10 story building windows to their death because they had lost everything they worked for!!! Come on my friends, how long are you going to take the lies and deception that Obama and his administration, plus the House and Senate are putting out!!! Take a lesson from what just took place in Egypt!!! Take a serious look into “60 Minutes” archives of Sunday night’s show on Egypt. The young people in Egypt could not stand the current regime no more and started a major revolution that lasted only 18 days!!! It takes numbers to effectively change things!!! The USA is no different, our founding fathers would turn over in their graves, if they saw how much evil our present government has become has systematically built over 800 FEMA camps built by Haliburton Corportation to hold the dissenters!!! Those dissenters are you and me!!! Wake up before it’s too late!!! Take a serious look at http://www.survivorblog.com for information that can save you and family and http://www.danielrevelationbiblestudies.com for spiritual encouragement and serious Bible study on prophecy and the end of time. My friends, you will be eternally glad you did!!!

  • http://www.osixs.org morpheus

    That’S right, the hits keep on coming. Sooner than latter we will have to get of our computers and do something.

    “JOIN THE REVOLUTION”
    Read “Common Sense 3.1” at http://www.revolution2.osixs.org

    We don’t have to live like this anymore – spread the “NEWS”

  • http://www.osixs.org morpheus

    What do you expect? Most Americans are suckers. We think we can sit around and wait for someone else to fix our problems. Our corporations can’t compete with cheap labor. Our country can only survive on cheap or slave labor. That is the nature of our so called economic system. I laugh when I hear people say we are dismantling our industrial base. Are you kidding? Capitalism is over. This is not dismantling. The real name is catastrophic failure which leads to a complete collapse. And most Americans won’t do a damn thing about it except cry and complain.

    When you wake up – “Join the Revolution”

    Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

    We don’t have to live like this anymore. “Spread the News”

  • Alice

    I don’t know why you think the Great Depression was as bad as it could get! We were not in debt like we are today! The USA was a rich country going through a depression, today our government is deep in debt and continue to borrow and spend, thinking we can borrow our way back to prosperity. This coming depression will be a lot deeper and longer, because of our DEBT. CALL YOUR REPRESENTATIVES IN WASHINGTON EVERY DAY, AND TELL THEM TO MAKE DEEP CUTS IN EXPENDITURES, A.S.A.P. NO MORE…. PRINT BORROW AND SPEND… If we don’t, God won’t be able to save us! THE ENEMY IS ALREADY IN OUR COUNTRY, DESTROYING US WITH MORE AND MORE DEBT AND DEVALUATION OF THE DOLLAR! CALL YOUR REPRESENTATIVES in WASHINGTON, IT IS YOUR DUTY, WE ARE HEADED IN THE WRONG DIRECTION, CALL WASHINGTON EVERYDAY, MAKE YOURSELF HEARD, STOP WATCHING TELEVISION, DO YOUR DUTY FOR OUR COUNTRY, NO MORE DEBT, CUT SERVICES GOVERNMENT SERVICES ACROSS THE BOARD 30%.

  • j

    Has anyone considered that over-regulation is killing our competitive edge. One thing is for sure – The Alphabet Soup (OSHA, FDA, EPA, etal) is not getting smaller or less powerful.

  • NowWhat

    The most troubling thing to me, and I’m surprised that I haven’t seen it mentioned yet in the comments, is the abject failure of our educational system to adapt to a global economy. I get that the “plan” was to lose manufacturing jobs in hopes of more lucrative professional services jobs, but nobody ever told the schools that – we are still churning out 18 year-olds who are only trained for assembly-line jobs, and we’re filling our universities with foreign students (that we are subsidizing). What do you do with 80 million unskilled workers when manufacturing is gone? Now the malls are drying up because people can buy their junk online, so even retail is dying on the vine.

    Time to pull your kids out of school – teach them computer-based skills and foreign languages – make sure your passports are in order. Be ready to ready to jump when the smokestacks of the USS America sink under the waves.

  • Gary2

    I am utterly astounded at how Republicans don’t see the hypocrisy of going to the mat to extend the Bush tax cuts, and then turn around and propose ruthless cuts to social programs because the situation is so dire. Disgusting.

  • Martin

    Hello people,i came across this short film illustrating how the Chinese got there claws into Europe as well.
    Look and judge for yourselfs.
    http://www.youtube.com/watch?v=7WpdBuKGA_4&feature=player_embedded#at=246

  • Kevin

    They need educated hands. Educated hands cannot be outsourced. Who has those hands? At the top a physician but don’t forget the electrician, plumber and certified automobile mechanic.

    If your chosen profession is such that you never have to leave your desk that desk will end up in India. There are plenty of engineers there that will gladly work for $25K/yr. Hardly a wage to immigrate for.

  • http://FuckYouDataMiner.com R U Stoopid?

    Globalism is the problem.

    When you get off your ass and read your Constitution, you will realize that our current government is illegal and unconstitutional.

    If the Constitution was adhered to–“we the people”–wouldn’t be in this mess created by the globalist infiltrators.

  • madelaine

    I remember reading with disbelief that America made 15 million pairs of boots to Soviet specifications during World War II. I found that incredible. And 375,000 Dodge trucks, 15,000 planes, 11,000 rail wagons, 7000 tanks, 2000 locomotive engines, all for the Russians. A total of 295,000 planes altogether, in just a few years. America went from 46,000 people making planes to 2 million making planes in just five years!! But it does not seem that America has this industrial basis now. Where did all the industry go?

  • Kevin

    madelaine

    It went to the cheapest labor source that could be secured and we laid out a red carpet to facilitate that. This is not because we could not produce or made too much money. It’s because we opened up our huge market duty free (as the rest of the developed world did) to virtual slave labor nations.

    This globalist policy was not the result of a groundswell of support from these developed nations citizens including our own. Quite to the contrary it was done with arm twisting (Clinton, Congress, NAFTA) and insuring no Presidental candidate was party picked that opposed. Eighty percent of US democratic Senators voted for it, roughly 83% of republicans did too. That is about as much of a choice as the citizens in the former USSR got in their “elections”. It got through the socialist democracies in Europe despite a very strong labor movement too; no doubt in the same fashion by similar means.

    It’s all part of the “Golden Rule”. They who have the gold (wealth) make the rules.

  • Rod

    Perhaps all these delusional religious doomsday types could go post their repent-and-be-saved tired rhetoric in dedicated religious forums as they don’t belong in forums of the real-world like this one.
    The Earth is 4.5 BILLION years old, not a few thousand years as per your religious beliefs. Scientific FACT (and disproof of your beliefs).
    Deal with reality or reality will deal with you, and reality is global economic collapse (depression) for the next 2-3 decades coupled with the collapse of global agriculture, BOTH of which are here right now, not in 5/10/20/30 years away as the politicans would have you believe.
    Your only saviour is yourself. Governments won’t help you – YOU have to do it.
    Like Celente says – you’d have to be a child to think the government is going to help or save you…
    Bring manufacturing back to the USA ? No problem so long as consumers are willing to pay seriously inflated prices compared to Chinese goods, which of course you aren’t, which is why China is kicking the US’s butt.
    The consumer is the problem ! Forget blaming the government or taxing the rich – they’re not the problem, but are just whipping boys.
    Given the state of the US economy that situation is NOT going to reverse. The only source of domestic production increase will be the war machine.

  • mondobeyondo

    Teenagers who graduate from high school, yet can’t even find their home state on a U.S. map?!

    Is this a part of the “master plan” the elite have set up? I can’t believe our youth have been dumbed down to this extent…it does make you wonder.

    “Algebra! Yeah! Umm, is that a fruit or a vegetable?” Good Lord, help us…

  • Bruce C.

    I see only two scenarios playing out. Either we all experience a collective financial suicide (rising interest rates, rising price inflation, etc.) as the politicians squabble about reducing spending by $50 to $100 billion per year, or we all agree to suffer through a self-imposed austerity as government spending is reduced by 10% per year across the board. Every salary, subsidy, department, agency, pension, entitlement, etc. That would imply a reduction of $380 billion this year (10% of the $3.8 trillionbudget.) If we don’t do something like that immediately, the global bond market will crush us through increased interest payments. It will be like having credit card debt on a national scale. This could happen as soon as this spring.

  • mondobeyondo

    @ Madelaine

    Yes, America used to be an industrial powerhouse. We aren’t anymore. Can we do it again? Hell yeah. There just isn’t a big enough threat yet, to get the masses active, just yet. If there is another 9/11, God forbid.. the American people will be “fired up, ready to go!” (C)Barack Obama, 2008.

    For everyone else: okay, getting off track here just a little bit.

    Whether the U.S. won WWII is highly debatable. The Soviet Union bore the brunt of the Allied force. The Eastern Front got hit, and hit hard. The U.S. entered the war on 12/7/41 for the most part unprepared for a global conflict. We rolled up our sleeves and got to work, and got the job done.

    The valiant British held their own, for the longest time, during the Blitz. We came into the conflict a bit late. But without the help of the U.S. and the other Allied forces, you just might be “sprechen Sie Deutsch” right now…

  • Victorian

    I am to the point that I think America is over. No matter how hard one tries to talk to others, it is to no avail. The “average” American only wants to talk about their next purchase{on credit}, where they went to eat, football, what some singer and/or movies actor did/said. Everyone I find that cares at all about politics is stuck in the Democrat/Republican mind frame. “A third party will only help the democrats.” They do not see that the dems/repubs are the same corp. whore machine. Most who are aware have their plates full with their family life. IF Americans were to take to the street like they did in Egypt, it would do no good. The movement would quickly be taken over by corp. interests. I had some friends that had faith in the TEA Party movement, then “freedom work” and the rest lead it into a mainstream Corp. interest direction. Those friends have given up and are back to football and shopping.

  • Victorian

    I just watched a recording of bush from c-span, talking about his book. He spoke of the “America First” movement as being in the 1920s. He attacked nativism and said in the 20s we attacked immigration because we did not want Italians and jews here. If bush and the present president are this dumb about American history, what can you expect from the average working class American. You have corp. controlled statist saing they are for the working class. You have conservative pandering to immigrants and taking up for Corp. interest saying they support capitalism. You have libertarians saying history shows “protectionism” does not work. With everyone so blind and being led by the nose by Corp. what chance do we really have? I hope for an awakening, but I am not sure if it will come. If it does not come we have seen only the start of the decay we will experience. The nations will matter less and less as the CEOs and CFOs of Corp. drive us all off a cliff for their profit growth. It is a shame Americans do not know thast Corp. are the chief enemy of Capitalism.

  • Jack

    It’s so simple to understand why all these jobs are being outsourced. It’s not the companies fault. It’s the government fault. It was George H. W. Bush that started playing with an idea of NAFTA and then Bill Clinton who signed the preferred trading agreement with China without taking into consideration that the wages in Mexico and China were a fraction of what it was in the US. And you cannot compete with these wages. You need a leveled playing field to make the competition fair. And it’s not protectionism when we level the playing field.

  • balayogi

    All countries, be it my great country Bharath or USA have their own strengths as a country and culture with nature’s bounty too, but as a nation they have made lot of mistakes. What is needed is to rectify those mistakes and reorganize your attitudes, priorities, principles, give up unwanted and harmful preoccupations and politics. As the saying goes when everything else fails nature takes course teach us some lessons but in its own language all that we need to do is to pay attention to it and learn our lessons. The last thing that I would want to see is a weakened America or India because both these countries together can reshape the world in coming years provided they reorganize their priorities in governance
    Now this article is about USA. Well what are the mistakes, in brief, committed by USA?
    1] It has spend and continues to spend too much of its energy, excellence, money and man power in meddling in other territories or countries. Probably this was justifiable in an era of super power euphoria but to continue to do that when your citizens are economically struggling is a wrong priority.
    You cannot go beat your neighbor’s son when you own son is crying for food and water .Where must be your priority. In this continued meddling by the rulers of USA has also increased the enemies for all Americans most of whom are peace loving people and this has forced the freedom loving Americans to live in obsessive paranoia from enemies some of whom are open and the rest are hidden. Very few love USA in total. There are those who hate USA completely and those who have ambivalent attitude towards USA and this includes all those who have benefited from the US economy.
    2] Spend more money and ensure a change of attitude among the Americans with the realization that in a globalized economy and development no individual can expect, or at least continue to expect cozy, comfortable, carefree life style without equipping themselves with the necessary tools of enhancement individually by improved education, skill sets and willingness to work hard and earn dividends on par with everyone else globally. Mother earth cannot afford to and shall not continue to entertain only a few of its children as super privileged ones to lazily lap up all luxury at the expense of others through international manipulations or bossy insolence that is why Britain too is suffering .
    3] Most importantly no individual in America is going to gain anything economically by sponsoring or spending for religious conversions in Asian and African countries, it only increases the enemies in these countries for ordinary, well meaning, educated and freedom loving Americans.
    4] Stop pampering, promoting , protecting and funding any individual or nation which is not in any way beneficial to you in terms of reciprocal economic development of American citizens. You see your history and learn from your mistakes. Promoting, propagating any political ism or religion at cost of your own economic interest is absolutely out of fashion and even nonsensical. What USA gained by promoting Saddam, Zia-ul –Haq etc

  • Jan

    The dollar is not going to be worth much soon. Quality food will be scarce. Survival Food is the best way to go now. Just got a food survival kit at Imperativegear.com

  • Pearl

    http://transitioninaction.com/forum/topics/the-case-of-jerome-daly-v

    Please investigate, Fractional Reserve System; you are going to get a knot in your stomach.

  • surfisup

    If the jobs were so great, and they have merely moved overseas, why not just MOVE there? Where is the exodus? Do you really need a BMW to be happy? What’s wrong with life in china that you are so scared of? MOVE!! GO!!

  • mondobeyondo

    What happened?

    Ask the average dumbed down American “man/woman on the street”, and they’ll reply:

    “I don’t know. Something happened, and then it kept happening, and now it’s still happening. What will happen next? Oh yeah, the Green Bay Packers won the Super Bowl! YEAH!! Go Packers!!”

    We are doomed.

  • mondobeyondo

    It would be nice to see how much Chinese corporations pay their employees for:

    1. Social Security
    2. Medicare
    3. Medicaid
    4. Workmen’s Comp
    5. Unemployment Insurance

    As bad as things are in the U.S. (and it is really rough) – it could be a whole lot worse.

  • Bobg

    I feel that what we are seeing with this economy is a picnic compared to what is coming. Think about this; ACTUAL unemployment is around 20% plus or minus. This means that there is much less tax money coming into the state’s coffers. (Probably not 20% due to some of those unemployed having other sources of income such as stocks, etc.) It was stated on one Internet site that 37 states are near bankrupt. Very soon the states are going to have to raise taxes drastically to avoid bankruptcy and to provide for the citizens that have exhausted all of their resources. The needs of the states for tax revenue is so great that I feel taxes will be raised to the highest levels in our history. These higher taxes will push many of the marginally solvent citizens over the edge and many small businesses out of business. Unemployment will naturally grow and tax revenues will fall even more. There will be many mass protests and riots of the citizens clambering for the state to save them. The problem will be that the states will have little or no tax money to aid the citizens so the protests will grow into anarchy forcing the Federal government to quell the riots with the National Guard and the Army. The possible end result could be a military takeover and a military dictator.

    I hope that I am being totally paranoid and that I am a complete idiot and that this scenario that I have laid out here will never happen. Sadly, I don’t see any other quick solutions to our failing economy. When people start seeing their children starving to death…

  • James

    Hmmm, I wonder who Japan sells their cars to if the U.S. doesn’t have the money to buy them? Anyway, The U.S. is undergoing a, “Reverse Industrial Age.” Where people will soon be forced by economic necessity to return to farming as a way of making a living. Many will move into more rural areas to farm. The Industrial base isn’t there anymore. Maybe the farm communities will be able to generate enough work to allow a few agriculture machine manufacturers to spring up. But, we will never achieve the level of industrialization we had prior to 2008. One thing we should really put an emphasis on, and that is maintaining and developing our medical technology.

  • James

    We really need to get our railway system up and running. I am not talking about bullet trains, just the normal trains we have today but with a lot of emphasis on passenger service. The argument that these trains will only go 35 MPH on average is bunk. Most of them went 74 – 90 MPH back before 1960. Maybe the cargo trains went that fast but who cares. Also, on the long runs, there were sleeping cars available and you could sleep in your seats. Can you get a bed on an airplane?

  • Leah Ben-Liro Patricio

    I dont fully believe that America is goin down to the drain ! There are lots of believers & prayerful people who pray for America & the whole world ! The good Lord always listen to the few faithfuls, thats the story of the Bible! Read Job’s story. He was strip off to the bone, yet he keeps his faith in the Lord & the Lord gave back all he lost & More !!!.What happened is a corrective process & satan & his cohorts are inflaming the situation, because, we, here in America become less respective To our Creator & materialism becomes our priorties & god! The only hope are the brave faithful ones who have no fear, except ,to offend our very generous Creator, in my case the Lord Jesus Christ !He will listen to the prayers to help us here. Jobs went overseas coz of the slave labor there in most countries. We can bring back those jobbs here by lowering the pay for labor here, not in the slave labor way, but good enough to provide our most impt. needs, like shelter, foods, health, etc. But, this has to be coupled with business to lower the costs of rents, to buy a house, utilities education, health costs etc ,( coz they were super inflated with no conscience to help hardworking americans !),Then it will work to bring back jobs here ! This partneship between business & labor is imperative for recovery ! Labor unions should also cooperate not to demand so much while we are on recovery periods. The brave ones focus on the future & solutions , not on the past, except to learn from its mistakes ! Look, we have enjoyed our good expensive lifestyles , not even the glory of Rome had equaled it , except for their perverted leaders ! So why crying over things that we did enjoyed, more than 1 tv & cars in each household, lots of toys & clothes, shoes ! Its bloody stupid ! Fearless brave ones who are faithful to our Creators, who knows how to sacifice & tighten belts when comes to luxuries,work thus bring in taxes to our govt. to do its efficient work , produce foods ( Foods will out perform oil, gold, silver pretty soon ! ) Agriculture & food economics should be a ” must” subject from elemntary to college ! Its not attractive to students coz they look at it as backbreaking, less glamorous & low pay & belong only to the migrants workers ! If we will make it attractive & less backbreaking by inventing tools & robotics to help, working outside in fresh air & sunshine is enjoyable, And other incentive is to make workers as business partners, so they can have profit sharing ! Water is impt. ,but we can use pipeline from alaska to bring water during the melting of snow & place them in resrvoirs! We can dig deep wells a & use wind & solar energy to pump up water ! Our cars should be run in both gas, electric & solar energy, esp. the last 2 ones ! when we become no. 1 world supplier of foods, other countries will be friendlier to us esp. in our safety & business transactions with them, coz their foods to survve come from us esp. China wd over 1 billion population. Abortion should be stop , we need future american workers for this Food Production ! We can even produce Herbal medicines from these foods even energy like gasahol or alcohol Sky is the limit for creative products, even building materials ! The retirees can go back to work in a lighter physical work, like in office & computers in filing records, getting orders & collection of revenues from different industries all over the world ! They can work in their homes, including mothers who stay home to take care small kids in a part time basis ! Lets do it now & our worries will be over sooner, instead of complaining. Private & public industries, schools should lead the work , I pray ! Love u all ! Leah

  • James

    REMEMBER – What the ‘so-called’ Anti-American countries and terror groups said (after the 911 attack), that they will DESTROY America – “without having to fire one single shot”! Seems that OUR politicians are more-then-willing to help them in this process. Want to keep jobs in America… TAX THE HELL out of companies that employ overseas.

  • impeachRonPaul

    This was a bad time for tax cuts to the rich. Republicans just dont care about us. They only care about corporations.

  • ernestt

    It was in 1985 when I first heard on a radio program how an American can have an idea, borrow capital from London, produce an article in Singapore cheaply, and sell in to the US for a tidy profit. He out lined how it is possible to buy cheap cotton, have it made into textile in China, ship the textile into one of the Caribean islands where native workers would sew newborn lay outs clothes for pennies and brands such are Carters would sell them for over a dollar to new mothers in the US. The justification was by providing opportunities for labor in developing countries we were raising their standard of living and we Americans could keep our standard of living with cheap labor intensive products produced elsewhere. The end result was discussed then was rather a dire picture: when all the manufacturing was sent overseas, how would Americans be able to afford the cheap products when our own labor costs are high? That is the real quandry that was raised back then: would Americans stoop to the relatively low levels of wages that are earned overseas? The answer today is: Of course not!!! It is interesting to note: in many of those developing countries such as India and China, an engineer in software or electronics, gets a wage or salary that would place them is a mid or high middle class in their society but would be woefully unacceptable in America. I remember reading in one of the past weekly newsmagazines, how many of the young new Indian or Chinese engineers or scientists are enjoying middle class status at a fraction of the costs of one of our own high salary cost software engineers in our own country. Will any one of our American born American educated engineers be willing to work for that payscale in our own country? With talent that is mobile thanks to the real time communiccations, where should corporations that are multinational seek that needed talent? Should they not go to the lowest possible costs from the best talented individuals in order to keep labor costs down, maximize profits, and maintain fiduciary duty to their stockholders? When other countries don’t have the burdens of a lot of social benefits that add to the cost of production of a product, how can our American labor compete with all the added burdens to its labor costs with the addition of the health care burdens in addition to the family leave benefits, etc benefits. Even now, companies have to discriminate against new hires in certain key industries with the available benefits to maintain profitability in a competitive market in the US. For these newer job openings, there are thousands of applicants for those jobs that pays a fraction of the older workers wages and benefits. Those who are lucky to get one of those positions are grateful and consider themselves very fortunate to get those positions even though there is a significant wage gap. So, that is in a nutshell, back in the start of the 80’s we started to get the wave of multinational jobs going overseas seeking the lowest labor costs.

  • solarjdp

    Free Trade = Enslave

    NAFTA = North American Freedom Taken Away

    FTAA = Freedom Taken Away again

    GATT = Grab American Trade and Truss us up

    Ross Perot was right! The corporations sucked up our jobs and moved them to China, India, etc…

    There is something wrong when I need to buy an item and I can’t find on that’s made on this continent.

    Free trade is a worthy GOAL, but it is impossible for our nation with higher labor and other costs to compete against the developing nations. My feeling is that “free trade” should have been and still should be phased in over a period of time, say 20 years to allow for the countries to all balance out. Ours standard of living will need to adjust down some, and others will rise so that then each country could be able to compete if necessary with each other.

    Tariffs should be brought back and adjusted each year until the phase in period is over. I see no other way to generate enough jobs here in our economy without these type of protections. These same protections would protect others like Mexico. Remember the unrest in southern Mexico a few years back? This was due to American agricultural products being cheaper than the Mexican farmers could produce, which ran them out of business. naturally they revolted and so goes what happened there, but its ok, anything to help those with power and influence, to heck with workers anywhere.

    We can all do something about this in small ways.

    1. Phone centers – refuse to speak to obvious off shore workers. Ask to speak to someone on this continent (I mean United States, Canada and Mexico, they are our neighbors.)

    2. Make the time to email or call companies and
    tell them you will not use their products since they are made overseas, demand that they at least assemble them here.

    3. Perform internet searches for American made items and searches and frequent sites like stillmadeinusa.com and madeinusa.org to find sources for goods and services.

    Some companies have actually responded to feedback from their customers and HAVE brought back their phone centers to America.

    Each of us that does some small steps along this line does have an affect and multiplied over the entire nation, can have a profound influence.

    Hang in there!

  • Lynnybee

    ……. and, who allowed this destructive policy ? WALL ST. wanted the cheap labor & our government allowed it.

  • Fletch

    Nothing makes me happier than watching America and it’s citizens cry and squabble over reforms that should have been introduced at the inception of the country.

    TLDR?

    HAAHAHAHAHAHAHAHAHAHAHAHAH Your move America

  • Mikey

    A suggestion, is that,all that can should watch couple of previously ignored “prophetic”
    movies, “Soylent Green” Charlton Heston,the dead are being turned into green biscuits, to feed the starving multitude.So that’s what, guillotines and those F**A “internment” camps
    are, processing plants. And on a lighter note,
    “Americathon” circa,1979 John.Ritter, Meat Loaf ( jees,how ironic is that, Meatloaf,really,no pun intended,)Also, some food for thought(sorry) and on a side note, was that T.V.reporter during the live feed at the Grammy`s, talking in `Tongues`. This was the second time in a month, that a live on air reporter started garbling their words.

  • Dwayne

    I hear that the NYSE is being bought by
    the Germans.

  • http://www.safferyfordelegate.com Rick Saffery

    The root our problem may be found in the federal reserve. This is a private central banker cartel. The US Congress abdicated its constitutional duty to maintain a currency based on gold and silver. Ever since 1913 our currency has slid in value. Had it maintained value, there would have been far less incentive to ship factories overseas. Productivity gains would have find us all working 1 eight hour per week to have a standard of living equivalent to a person working 45 hours a week back in the 1950s.

    Stop blaming Wallstreet for doing its job of maximizing return. Had it not been for those folks hustling all along we’d be in the tank much sooner.

    To be candid, deindustrialization hasn’t hurt as much as human inertia has. Most of those blue collar workers are just too damned lazy to change careers. There’s plenty of demand in the high tech and medical fields. Mr.I drive screws in to a dashboard could have sacked up and learned how to become a Registered Nurse. Lazy begets lazy. Beyond the lazy, former factory workers, come our hidebound government bureaucracy. Years of socialist experimentation in government run schools has turned generations in to human automatons. Our own government and its capricious and arbitrary rules are the nails in the coffin that the lazy workers built.

    The solution?
    1. End the Federal Reserve
    2. Shrink government, then shrink it again
    3. Stop being so damned lazy!

  • Tom

    WHY AMERICA, I MIGHT ASK DID YOUR MANUFACTURING GO OVERSEAS ? BECAUSE THE WACKY LEFT WING NUTJOBS OVER THE PAST 30 YEARS OR MORE, CONVINCED YOUR POLITICIANS TO PUT SUCH ENVIORMENTAL RESTRICTIONS ON THEM, MINUMUM WAGE ECT. ECT. ECT. WHEN A COMPANY CAN MOVE OVERSEAS AND SAVE MILLIONS OVERNIGHT, WELL I THINK THAT’S PRETTY SIMPLE MATH ! HOW YOU LIKING IT SO FAR ??? STICK AROUND I THINK IT’S ABOUT TO GET WORSE !! HEY I KNOW, MAYBE WE CAN ALL GET A GOVERMENT JOB, WHATTA YOU THINK ?? THEY SEEM TO BE DOING JUST FINE !!! THE WORKER IN CHINA MAKES PENNIES AN HOUR AND THEY SMILE ALL THE WAY TO THE BANK, AND THEY’RE HAPPY WITH RICE FOR SUPPER !! WAKE UP AMERICA, BEFORE IT’S TOO LATE !!!

  • shannon

    Rick Saffery: You are wrong. There is not “plenty of demand” in the medical field. Many new graduate RN’s are not able to find work.
    Also laboratory jobs are hard to come by. I graduated in 2010 with a degree in Medical Technology, I passed the certification exam and am licensed; the best I was able to come up with is a job with inconsistent hours working 0-2 days a week with no benefits. Oh yeah and it’s about an hour commute each way, over a toll bridge that costs 3 dollars to drive over.

    So… stop just making stuff up, if you don’t know what you’re talking about. It pretty much doesn’t matter what kind of skills you have at this point; it’s hard to find a job regardless.

  • Phil MaCrakin

    All I hear is Why ? Why ? Why ?

    I’ll tell you why, it’s real simple – (insert drum roll here)………… For The Love Of Money.

  • michael roberts

    Rick Saffery wrote “Stop blaming Wallstreet for doing its job of maximizing return. Had it not been for those folks hustling all along we’d be in the tank much sooner.”
    When I consider the fact that these parasites are hustling billions of dollars of american worker’s pension money into their own bank accounts and giving themselves billions more in taxpayer funded bonuses , I have to wonder if Mr Saffery is either (a)delusional (b) A brain dead wing nut tea party robot or (c) One of the parasitic elite who are actually making nothing, contributing nothing tangible to the economy but nevertheless getting rich at the expense of everyone else!

  • http://x LucdeLuc

    The United States is being raped from within.

  • marvin nubwaxer

    Imagine the human crisis coming wen we have a permanent class of jobless people. Or at least nearly a generation that our society will have to support or allow them to starve in the streets. Think about the possible mental health crisis and cost to society when a large number of people ready, willing, and able to work are hopelessly sidelined. Are we headed toward class warfare (and I mean the rich against the poor driving the standard of living ever downward while they become fabulously wealthy) I can almost predict civil war, without the armed conflict, as right and left battle to the death in an endless deadlock while we keep on declining in the world.

  • FRANK DALLING

    In what year and who was president when we starting shipping our factories overseas?

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