The Beginning Of The End
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22 Stats That Show How The Emerging One World Economy Is Absolutely Killing American Workers

For decades our politicians have promised us that the “free trade” agenda would bring us greater prosperity than ever before.  They insisted that merging our economy into the emerging one world economy would cause millions upon millions of new jobs to be added to the U.S. economy.  Unfortunately, it was all a giant lie.  Trading with other countries is not a bad thing as long as the level of trade is fairly equal on both sides.  When trade becomes very unequal, the consequences can be absolutely catastrophic.  Since 1975, the United States has bought more than 8 trillion dollars more stuff from the rest of the world than they have bought from us.  We are the only economy on earth that could have had 8 trillion dollars drained out of it and still be standing.  Instead of leaving the country, those 8 trillion dollars could have gone to U.S. businesses and U.S. workers.  If we could go back and have a “do over”, how much more prosperous would we be today if we had kept that 8 trillion dollars inside the country?

But instead of pursuing a balanced trade philosophy, our politicians were so enamored with the emerging one world economy that they threw all caution to the wind.

So we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth.

And this emerging one world economy is absolutely killing American workers.  It lumps them into a global labor pool with workers in other countries where it is legal to pay slave labor wages.

Just think of it this way.  Imagine that you are a giant corporation that makes “widgets”.  You can make them in the United States, but you would have to pay your workers about $10 an hour, provide them with a whole bunch of benefits, pay very high taxes, and comply with a dizzying array of laws, rules and regulations.

Or, you could set up shop on the other side of the world where you could pay your workers a dollar an hour.  Those workers would receive no benefits and you would have to deal with very little red tape.

Which would you choose?

The “giant sucking sound” that Ross Perot once warned us about has become a reality.  Big employers are competing with one another to see who can outsource jobs the fastest, and American workers are the big losers in all of this.

As I wrote about the other day, right now there are some American workers that are actually personally training their replacements from overseas how to do their jobs.

If nothing is done about this, jobs are going to continue to pour out of high wage countries such as the United States and into low wage countries on the other side of the globe, and big corporations are going to keep laughing all the way to the bank as unemployment in America gets even worse.

The following are 22 stats that show how the emerging one world economy is absolutely killing American workers….

#1 One professor has estimated that cutting the U.S. trade deficit in half would create 5 million more jobs in the United States.

#2 The United States has a trade imbalance that is more than 7 times larger than any other nation on earth has.

#3 Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the globe since 1975.  That 8 trillion dollars could have gone to support U.S. businesses and pay the wages of U.S. workers.  Federal, state and local taxes would have been paid on that 8 trillion dollars if it had stayed in the United States.  This is one reason why our national debt is getting ready to cross the 16 trillion dollar mark.

#4 When NAFTA was passed in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  In 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

#5 In 2001, American consumers spent 102 billion dollars on products made in China.  In 2011, American consumers spent 399 billion dollars on products made in China.

#6 The Chinese undervalue their currency by about 40 percent in order to gain a critical advantage over foreign competitors.  This means that many Chinese companies are able to absolutely thrive while their competition in the United States goes out of business.  The following is from a recent Fox News article….

To keep Chinese products artificially inexpensive on US store shelves, Beijing undervalues the yuan by 40 percent. It pirates US technology, subsidizes exports and imposes high tariffs on imports.

#7 According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.

#8 The U.S. trade deficit with China during 2011 was 295.4 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

#9 Back in 1985, our trade deficit with China was only about 6 million dollars (million with an “m”) for the entire year.

#10 U.S. consumers spend about 4 dollars on goods and services from China for every one dollar that Chinese consumers spend on goods and services from the United States.

#11 The United States has actually lost an average of about 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

#12 According to the Economic Policy Institute, America is losing about half a million jobs to China every single year.

#13 The United States has lost more than 56,000 manufacturing facilities since 2001.

#14 During 2010 alone, an average of 23 manufacturing facilities closed their doors in America every single day.

#15 Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

#16 As I have written about previously, 95 percent of the jobs lost during the last recession were middle class jobs.

#17 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

#18 The percentage of working age Americans that are employed right now is actually smaller than it was at the end of the last recession.

#19 The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

#20 Due in part to the globalization of the labor pool, only about 24 percent of all jobs in the United States are “good jobs” at this point.

#21 Without enough good jobs, more Americans than ever before are falling into poverty.  Today, more than 100 million Americans are on welfare.

#22 In recent years the U.S. economy has embraced “free trade” and the emerging one world economy like never before.  Instead of increasing the number of jobs in our economy, it has resulted in the worst stretch of job creation in the United States in modern history….

If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs.

Sometimes a picture is worth a thousand words.

You can get a really good idea of how nightmarish the manufacturing job losses have been in the United States over the past 40 years by checking out this map right here.

And if everything posted above was not bad enough, some U.S. companies even find themselves competing with slave labor here in the United States.

Seriously.

Prison labor is absolutely destroying some businesses here in America.  The following comes from a recent CNN article….

Unicor is a government-run enterprise that employs over 13,000 inmates — at wages as low as 23 cents an hour — to make goods for the Pentagon and other federal agencies.

With some exceptions, Unicor gets first dibs on federal contracts over private companies as long as its bid is comparable in price, quantity and delivery. In other words: If Unicor wants a contract, it gets it.

One company that tries to compete with Unicor has been forced to lay off 150 people over the years because they lose so many contracts to them….

Wilson has been competing with Unicor for 20 years. He’s an executive at American Apparel Inc., an Alabama company that makes military uniforms. (It is not affiliated with the international retailer of the same name.) He has gone head-to-head with Unicor on just about every product his company makes — and said he has laid off 150 people over the years as a result.

“We pay employees $9 on average,” Wilson said. “They get full medical insurance, 401(k) plans and paid vacation. Yet we’re competing against a federal program that doesn’t pay any of that.”

But this is also the kind of thing that U.S. companies are dealing with when they try to compete with big corporations that are exploiting cheap labor abroad.

If you are spending ten times as much on labor as your competitor is, it is going to be really hard to survive.

That is why it has become so hard to find products that are made in America.

Most of our jobs these days are low paying “service jobs”, cushy government jobs or jobs where people push papers around all day.

But those kinds of jobs do not create lasting wealth for a country.

Did you know that there are more tax preparers in the United States than there are police officers and firefighters combined?

Our economy is a giant mirage.  We consume way more wealth than we produce, but we are able to keep the party going because we are riding the biggest debt spiral the world has ever seen.

But at some point the debt spiral is going to end and the crash is going to come.

Until then, however, those at the very top are still really enjoying themselves.

For example, one of the latest trends is for rich kids to show off pictures of themselves enjoying their enormous wealth on Instagram.

Something has gone very, very wrong with this country.

So what do you think about all this?  Please feel free to post a comment with your thoughts below….

  • r.bitting

    ” Something has gone very, very wrong with this country “. Yes, And I suspect you know exactly what it is. Not only that, but I suspect it probably makes you sick to know that the only true solution to this problem will be rejected by most. And I also suspect that you know within yourself that the appointed time is upon us and the judge is at the door. . . What says you!

    • Gay Veteran

      “…How did this happen? Whose to blame? Well certainly there are those who are more responsible than others, and they will be held accountable. But again, if the truth be told, if you’re looking for the guilty you need only look into a mirror.

      I know why you did it. I know you were afraid. Who wouldn’t be? War, terror, disease. There were a myriad of problems which conspired to corrupt your reason and rob you of your common sense.

      Fear got the best of you, and in your panic you turned to…[President Bush OR Obama]. He promised you order, he promised you peace, and all he demanded in return was your silent obedient consent….”

      V for Vendetta

      • Mal R.

        “you’re looking for the guilty you need only look into a mirror.”

        Hey there Gay, why doncha enlighten us on why the democrat party exists. I mean they were in control of the govt for damned near 100 years, which just so happens to coincide with the time period America has fallen apart the most, and yet you people aren’t responsible for a damned thing. So if you all are the party of ‘it wasn’t me’, then why should anyone elect you?

        I’m sorry, no leftist can credibly claim dominion over common sense.

        V was terrorist and I find it quite Apropo that you exalt him. After all, the democrat party (I meant republicans because you’re responsible for nothing) is a terrorist organization.

        • Gay Veteran

          well Mal R. I see that “V for Vendetta” went above your head, not surprising

          and you’re stoopid enough to think there’s any difference between the 2 parties

          • Louise in MO

            Mr. Gay….there’s a HUGE difference, but you just aren’t smart enough to see it.

            There is a HUGE division in this country and it’s coming to a showdown. personally, I’m sick and tired of the far left ramming their ideology down my throat… You included! You all are like a bunch of school yard bullies, yelling obscenities and pushing others around. You deride, try to disgrace, engage in distruction and all the while yelling “racist and homophobe!

            I’m sick of all of you and your debasement of people who don’t share your beliefs. You want a fight? You most likely are going to get one!

          • Mal R.

            “and you’re stoopid enough to think there’s any difference between the 2 parties”

            I’m sorry, find me that post. I’m not here to denfend Republicans. I despise the republican party for their leftist progressive ways and for being spineless cowards.

            I’m here so idiot leftists armed with nothing but your …arms don’t run roughshod over conservatives with your fascistic nonsense. I’m not afraid of you people and I’ll point out your actual history vs your idiotic assertions until Michael sees fit to ban me.

          • Mal R.

            Louise, you’re a dear. I mean that absolutely affectionately. Thank you for getting it. May God grace you and yours with peace and love sister.

  • Ozmo

    Michael,

    While we have not always agreed in the past I’m glad to be back. I honestly believe the problem with our government is government. It doesn’t matter what side you choose anymore because Big Business has there hand in it and will keep doing what we as sheeple have allowed.

    Again Thank you for a great article and taking the time to do this work.

    • Michael

      Ozmo:

      It is good to hear from you again.

      And it is certainly okay if people don’t agree with me all the time. Nobody is going to agree with me 100% of the time.

      Michael

      • Zmon

        You are so correct, not everyone is going to agree with ya on everything. But for the most part your writing are well laid out and get the point across very well.
        Times are what they are, just take it as it is

        http://www.dailyjobcuts.com

    • k

      true….it was big businessess which orginally began lobbying the governments for opening up the trade, and since people in govt care only about kickbacks, they allowed it.

    • Gay Veteran

      poor Louise, still thinking that the elites don’t control BOTH parties

      and sorry darling, but when you try to use the power of the state to deny me my equal rights then I will fight back

      “I’m sick of all of you and your debasement of people who don’t share your beliefs. You want a fight? You most likely are going to get one!”

      again, it is YOU who are trying to use the power of the state to impose YOUR version of religion on everyone else (such like the pathetic Republican nominee for the senate in your state)

  • Mr. G

    WE are going to have to stop acting like we can’t play the same game other countries do. It is perfectly okay to play ball on tariffs and so forth. All the other countries do.

    These conservatives in particular act like they oppose trade barriers because of philosophy. Nonsense. These fake “conservatives” are people who are bought and paid for.

    Real conservatives love their own damn country and know that it has to be helped and defended properly.

    I really can’t name a single person on the national stage who appears to have an uncorrupted, unbought mindset. Anyone who did would be putting America first, and none of them do that! These people are con men, all of them. We will never get out of this while they run things.

    Mr. G

    • Michael

      Yes I agree – real conservatives would not let their own country be taken advantage of.

      Michael

      • Gay Veteran

        Michael, Republicans think they’re supporting the Republican Party of their father (same with the Democrats) but BOTH parties are 2 sides of the same coin.

        and there are lot of liberals (like Naomi Wolf) who do not support fake liberals like Obama

    • http://yahoo.com richard swank

      I DON’T KNOW WHAT HIS NAME IS BUT HE IS A INDEPENDENT OUT OF MAINE. THAT GUY CARES

    • Snoopy_The_Economist

      Ummm…what about corrupt democrats? It’s not a party issue it’s an integrity issue.

    • GSOB

      Mr G

      google
      Ron Paul

  • welfare nation

    look at the bright side, u eligible to receive tons of welfare, ue insurance disabilty,ebt,ssi, sec8, even free cell phones and internet,no need to even get outta bed,goin work is so 1980’s

    • Jerry

      On our current path it’s unsustainable and eventually welfare will quickly dry up. Then you’ll be standing in a bread line, getting maybe a hard stale loaf per week if you’re lucky, and sleeping in the streets. See the 1930’s. Is the inevitible social unrest to follow the reason why the government is currently buying billions of rounds of hollow point ammunition?

      • charles

        Everybody complains about the government giving out free cell phones to SS recipients without stopping to think they well might have an ulterior motive.

        A cell phone is the best tracking device available and police can easily find out whether any SS clients were at the scene of a crime just by turning up their location log from the phone company. Cheapest form of policing available!!

        • Mal R.

          Too bad that tactic stands in direct violation of the constitution. How about we just roll back some of this police state. How many billions do we spend on that BS.

      • Louise in MO

        JERRY

        Yes, indeed, that is why the government is purchasing hundreds of thousands of ammuition and sending it to all parts of the USA. Think welfare offices, social security offices, etc.

  • markthetruth

    WORDS

    “No matter how hard you try, you can’t fill a bucket with a hole with water without fixing the hole, you must keep the faucet running ”

    the end.

  • Tatiana Covington

    The laws of physics are the same throughout the Universe. Therefore, there is no reason to suppose that workers who live on one plot of ground are any more “deserving” (a physically meaningless word) than are workers who live on another plot of ground.

    • John W.

      Laws of Physics have nothing to do with it. It is a belief system, a way of doing things that makes things better. Socialism and communism will not work because most end up going for a ride on the few hard workers who eventually quit working. Socialism and communism appear to work when the have a free enterprise system to be a parasite off of.

  • DownWithLibs

    Off Topic:

    With the Taylor Bridge wildfire burning just a few miles from my house now is a good time to think about bug-out-bags, locations, etc. My stomach churns just to think about the people (some I even know) who on Monday afternoon had to flee with just the clothes on their backs (many had livestock that couldn’t be saved). I have to admit, this is one topic that I did not factor into my preps…I mean, really, who wants to even think about that? But I guess I will have to recon with this and come up with a viable plan to abandon my home if need be.

    Just wanted to share this thought with my fellow preppers in here. You just never know what tomorrow will hold. Plan FULLY. Leave nothing out.

    Thanks for listening to my rant.

    • Jerry

      Sorry to hear that. Good luck.

  • Captain Obvious

    American workers can’t compete with workers on the other side of the globe who work for 50¢ a day? As long as the union bosses can live large and keep up those 25$ an hour assembly line jobs with 80% of wage for life after retirement. I just can’t figure out where it went wrong.

    • Gay Veteran

      hey Captain Obvious, unions today are weaker today than since the time of Hoover

      get a clue

      • Mal R.

        Uhh no. Union membership is the lowest it’s been (imagine that, when people are given a choice, they know you’re full of BS) but the pay and benefits you clowns think you’re worth is still on the elevator thru the roof.

        • Gay Veteran

          wow Mal R., truly a “useful idiot” for the elites

          • Mal R.

            I’m so glad I can disappoint a libtard. Of course, you have no idea that Lenin was talking about you specifically.

  • Guitar Man

    “We Jews claim to be the torchbearers of civilization, but through our parasitic habits we have deteriorated or destroyed every nation in which we have existed in large numbers.” (Charles A. Weisman, a Jew, “Who is Esau-Edom?”, p. 28).

    • Concerned Person

      I think we need to delete the posts of the anti-Semites on this board.

    • Gay Veteran

      sorry Mal R, but communism is gone

      but the term “useful idiots” certainly apply to corporate bootlickers

  • Kevin2

    What to do when you have no choices? All of the Republican Presidents and all of the Democrat Presidents from Bill Clinton on supported “Free Trade”. Actually Bill Clinton signed both NAFTA and China Free Trade into law while 83% of US Senate Republicans and 80% of US Senate Democrats voted yes for China Free Trade.

    We have been seriously hoodwinked with the illusion of self government. So much for democracy when regardless if you vote for A or B the end result is the same. The sad fact is we live in an oligarchy and have been for quite some time.

    • Mal R.

      “We have been seriously hoodwinked with the illusion of self government. So much for democracy when regardless if you vote for A or B the end result is the same. ”

      We were warned by Washington about parties. Of course, conservatives are trying to give it a shot through the Tea Party (that isn’t an actual party) and leftist fascists are trying to destroy them like they are the second coming of Hitler.

      • Gay Veteran

        even Karl Denninger (one of the founders of the Tea Party) recognizes that the Tea Party has been co-opted by the Republicans

  • DaytoDay

    Anyone else feel dirt poor after looking at those rich kids pics?? LOL

  • SeektheEschaton

    Another great stat filled article. I about threw my laptop across the room when I looked at the “Instagram” link.

    I assume you might have this in an article soon but I was wondering what your thoughts were on this article: http://www.washingtonpost.com/business/chinese-firms-leave-us-stock-markets-amid-complaints-about-price-accounting-scrutiny/2012/08/14/8a710314-e5f6-11e1-9739-eef99c5fb285_story.html

    It’s about Chinese firms leaving the US stock market.

    Thanks for all the hard work and sharing it freely.

    • Michael

      I think Chinese firms bailing out of U.S. stock markets is definitely not a good sign.

      The Chinese are usually ahead of the curve on a lot of these financial matters.

      Michael

  • K

    When greed becomes a virtue, instead of a sin. What you see around you is the result.

    • Jerry

      These days being a slut is also considered a virtue. God help us.

    • Concerned Person

      Excellent observation. Right on.

    • Mal R.

      Dont forget the blessings of a child are considered a ‘punishement’ by this whack job prez.

  • Eisenkreutz

    THE FREE TRADE ISSUE IS A MAJOR DIFFERENCE BETWEEN THE PALEOCONSERVATIVE (REAL CONSERVATIVES) AND NEOCON (COMMUNISTS) FACTIONS, AND ONE THAT I HAVE BEEN SCREAMING ABOUT FOR YEARS. THE ISSUE DOES NOT GET ANY ATTENTION, EXCEPT FOR THE RANTING OF LOU DOBBS. MAYBE NOW THAT IT IS TOO LATE TO DO ANYTHING ABOUT IT WE CAN GET ONE SINGLE MEMBER OF THE IDIOT MEDIA TO ASK ONE QUESTION ABOUT IT. THE IDIOT POPULACE NEVER GAVE A DAMN AND NOW THEY CAN REAP WHAT THEY SEW.

    • Really?

      Money printing is the problem look at past economies with the same scenario starting with Rome when QE3 comes out actually QE4 being operation twist is really QE3 run for rural areas buy water and gold and silver and foods with longevity it’s going to get really ugly…….how soon I don’t know …….Feds will print money like it’s going out of style, look at the problem as a world economy not just good ole USA with the demise of Greece and Spain soon to follow Germany and France at odds the Elitist want the collapses. To many sheeple in America believing the nightly news on t.v. Which are owned by the big banks ……filtered info sheeple WAKE UP!!!!!!!
      I can’t even convince my own parents OMG!!! Their glued to the election propaganda that one of them will actually do something to make this a better USA ……I regurgitate projectile vomit at the thought of anyone at the TOP of government is going to do anything to stop the chaos that is headed our way!!! Banking executives pulling out of markets “retiring”, moving to prepper areas. Use your head not what’s being spoon fed on the television. Our posh lifestyles are not going to be around for much longer and with 100 million people on welfare and not working in America ….it’s a death spiral that no good politician is going to stop no amount of money printing is going to stop THEY WANT THIS TO HAPPEN…..I mean we are all fairly intelligent adults right? At least most of us have common sense right? Their is no two party system they work together at the end of day it’s just fanfare to keep the sheeple occupied while they purchase 1.4. Billion rounds of death dealing ammo 4 bullets for everyone in the good ole US. Governments should fear the people not people fear the government!!! It’s coming people you can count on that, your government isn’t going to protect you they are gonna stick you in FEMA camps or just blow you away when the preverbal $&!? Hits the fan!!! Facts = to many people , not enough jobs , not enough food , energy is going to be a problem soon enough , the constant rebellion of moving into new energy sources because it costs to much????? What happens when you can’t purchase gas or oil for just your cars!!! In the 1930’s it cost 1 barrel of oil to make 100 barrels today it takes 1 barrel of oil to get 3. Since the gold standard was abolished it’s been a slow and steady spiral to the end of the worlds greatest economy.when you borrow money to pay debt that had interest attached to it to begin with and the money you borrows has debt attached to it you never get out of DEBT it is impossible!!!!!!! The BRICS countries are trading among themselves with their own basket of currencies leaving the USD to topple …..it’s only a matter of time people before bread is 50 bucks a loaf and your lifelong neighbor needs to feed his family will come knocking at your door when desperation sets in. Those in power want you to believe everything is ok because it’s easy to believe we have never had to face anything like this before, truth is a hard pill to swallow and what is always first DENIAL then ANGER by then it will be to late 1/3rd of America is doing nothing at all ……in essence they have have a third of the population already on their side…..when you live off of the gov. And the backs of the people that do work why bother when you get more grocery money than I have in my budget and your rent is 25 dollars a month and your utilities are reduced to bare minimums they already have the defrauded mentality so what’s a few more concessions!!!! I am proponent for goodness, and hard work , reap what you sow but I am sad to say that my good intentions are being misused by the powers that be!!! OH! One more thing buy guns and don’t get your CCW they will be knocking on your door first lol.Really if your leaders were concerned about the true well being of their population we would not be in this situation period. Their are no more excuses and their is no one going to save you but YOU!!!!

    • Really?

      Sorry about the rant . I could write a book I think sometimes. My whole point to you Eisenkreutz it is a ponzi scheme / pyramid scheme and they always fail free trade may have played apart but not the cause sir.

  • Eisenkreutz

    BUY LOCAL AND BUY QUALITY. SWITZERLAND IS AN EXTREMELY PROTECTIONIST COUNTRY, NOT ONLY IN GOVERNMENT POLICY BUT IN THE MENTALITY OF THE PEOPLE. THE SWISS THINK IF A PRODUCT OR FOOD ISNT MADE IN SWITZERLAND IT IS CRAP. THATS WHAT WE NEED TO EMULATE.

    • Jerry

      Definitely. That’s how it used to be in this country.

  • PoorBoy2

    I hate to use the movie analogy, but it sure seems like we are caught in “The Matrix” and if we are fortunate enough to have someone rescue us, what awaits is a meager and difficult existence in the “real world.”

    It seems like “The Matrix” is run by the banksters (the architect) who in turn control the corporations and trickle down through politicians etc. (various programs from the machine world) from there.

  • davidmpark

    This is my own working theory based on current events, history, and scripture. It’s not prophesy; just a theory – it could be monumentally wrong. I’m probably going to get it in the shorts for saying this, but here it goes:

    We are literally done for. The US as a nation was a threat to the world powers since inception. After the American Revolution, multiple nations went through and changed their own selves during that period. The rich and powerful of the time were taken down from the divine right to rule and had to compete for the first time in their lives.

    Through this, came the anti-revolutionaries feudal imperialists we know today as Progressives. They used many vehicles to further their cause and changed a lot of it into communism, fascism, progressivism, ans so on – but they all shared the same fundamental idea: one human as dictatorial king over enslaved people.

    That is what happened; we lost. I’m doing everything I can to adjust to a collapse ’cause a lot of people want it to happen. This crisis is not unexpected: wouldn’t be surprised if the progressive movement knew God would do this and wanted to use it to their advantage.

    Here’s what I see happening: no matter who gets elected, there are plenty of Progressive bureaucrats and activists who will finish the job. Romney/Ryan won’t stop it. When there are enough jobs sent overseas and they have their collapse, to reinvigorate the old world nations will entice people from the America’s to emigrate back to the old world. We will not have an economy here anymore.

    The America’s is being cleaned out to support the failing “world island”; Europe, Asia, Africa.

    It’s too difficult to conquer the entire world. Impossible, really. The oceans and line-of-sight issues alone make it so. With the America’s populated and productive; the progressive movement isn’t possible. The only answer to that is to gather enough people to a connected land mass to cut down on logistics and communications problems, or no world empire is possible.

    That’s why we’re going through this: To end us, and so others can be kings and queens permanently with absolute power – like in the old days.

  • mark

    Did you know that China has printed more of their own paper money than our Fed has? And people want to use China’s paper money as payment. Fool me once with dollars and then other countries will be fooled again with China’s paper momey. lol

  • Mondobeyondo

    What’s going to happen next?
    Je ne sais pas.

    That’s French for “je ne sais pas.”
    And that’s why I failed high school French class.
    Don’t look to me for answers. No, seriously. I don’t have any answers.
    I’m too busy listening to Elvis Presley records.
    You know he passed away 35 years ago today, right?
    Yep. It was on Tuesday, August 16th, 1977.
    If Elvis had lived, would he have been President of the U.S. by now?
    Um… sigh. Nope.

    • charles

      Elvis passed away, really?. I was only talking to him in Mc Donalds last week.

  • the ragged trousered philanthropist

    You seem to have a remarkable ability to illustrate and articulate the obvious.
    It is so patently clear.
    How can it be that those supposed to be in government cannot see it?
    Not just in the USA, all of the western world seems to be in a similar boat.
    You do not have to be genius to see there is some sort of correllation and either we are “governed” by fools or something worse.

  • Gary2

    Mitt Romney and Paul Ryan complement each other for THEY ARE BOTH VERY GOOD AT LYING! Isn’t it dishonest of Paul Ryan to accuse Obama of raiding $700 billion from Medicare when the same $700 billion he is referring to is the same amount he adopted in his budget? Where would he get that $700 billion if not from the savings that Obama made by limiting the expected rate of growth in the program on the supplier side through the elimination of waste, fraud and abuse in Medicare!

    You foolish conservatives are going down so hard this fall. I love watching your demise.

    • Eisenkreutz

      LIKE THE OBAMBI ISNT A PATHALOGICAL LIAR? THERE IS NO CONSERVATIVE PARTY YOU MORON.

      • Jerry

        Well said. As for the election expect a repeat of 2010, another shellacking for the d’s. Alas, still won’t be enough real conservatives to stem the tide.

    • Mal R.

      Look up schadenfreude you anti-American idiot. I’m sorry, but you cannot claim to even like this country. How’s that fasting coming?

    • Kevin2

      Gary2

      With a bit of luck we can get a Democratic Presidency, House and Senate. Oops, already tried that. Maybe a Republican Presidency, House and Senate. Oops, tried that too. Maybe a mixture of both. Damn, tried those combinations also.

      We tried them all to no avail.

      Maybe we’re trying too hard.

      The logic behind the Left right dynamic makes as much sense as a dog chasing their own tail.

    • John W.

      Hard to believe that you are such a dolt. You must be related to Plugs.

    • Larry

      Comrade my copy of Das Kapital is getting floppy and dog eared could I borrow yours for equality of results in the collective?

  • chiller

    The US is the biggest economy and it’s the middle class that made that possible. Take away the US middle class and all those goods they once bought with their middle class wages are all the sudden not being purchased. And since the $1/hr slave laborers cannot afford the very products they make, no amount of cheap labor will sell those products. So now you have the very scenario we’re in today. No one to buy the cheaply produced goods because the buyers jobs all left the building. The Baltic Dry Index is proof positive of this happening as those cheap foreign made goods must travel by sea. The BDI is approaching record lows as it continues its trend downward. Europe certainly cannot afford to buy much as they’re in a massive recession and China is losing growth daily. So while this splendid idea to move manufacturing overseas seemed like a good idea at the time, it simultaneously killed off the very customers who kept them alive in the first place. A self cannibalization of the fabric used to keep the corporate circle of life in tact.

  • WarrenBuffet

    China trade must be dead in the water- Baltic Dry Index has tanked 30% from 1000 to 700 in just the past month,
    near 25 year lows again.

    I think some international crap is about to hit the fan.

  • Ken Nohe

    The view from outside:
    But isn’t it the other way round?
    The “one-world-economy” was not “made in China” but “made in America”. And it didn’t start in 1985 but soon after the second world war: remember these expensive cameras, radios, bikes, televisions made in Europe and America all wiped out in the 60s and 70s. It didn’t really mater then because the economy was expending and it was, for a time, a win-win proposition. Then came the flotation of the USD in 1971. The “infinite” debt expansion in 1980s. It didn’t matter that the US didn’t produce much anymore, people would now take dollars without any assets behind. I personally find it amazing that it lasted for so long; it shows the incredible size of the world economy.
    But eventually people will want “real” value for their money. Foreigners will by assets and factories in the US. Lexus is made in America, so is Lenovo… Some blue collar jobs are coming back but against white collar jobs this time. Quite a change indeed but looking at history, the writing was on the wall all along.Spain and Portugal were the richest countries in Europe 400 years ago, then the poorest 100 years ago. Maybe there will be Indians roaming the great plains again in less than 100 years from now!

  • Tony

    Why not do an article on the 50,000 ILLEGAL immigrants that showed up for the amnesty program in Chicago yesterday? Why don’t governements of other nations provide jobs and education for their own people and stop freeloading off the US?

    • Michael

      Very good point.

      Michael

  • Mr RG

    Neighbor laid off a year ago from good Aviation job. Her age is 52 ,single, no kids NO JOB. Plants closing down here in Wichita Ks. Aviation company Beech being courted by China to buy out of bankruptcy,this was a heritage company from way back now being sold to lowest bidder from China. Thankfully I took a early retirement when offered from another Modifacation aircraft company ,now it is being closed after a long history of military mods. Aviation is now the “quiet” labor reduction, being closed and laid off!Old saying “You can tell their lying ,their lips are moving” !

    • Mr. G

      They are looking to give Walter Beech’s company away for just $1.9B. That’s a joke. No other country would let that kind of company go. Mr. G

    • WarrenBuffet

      Obama taking down the Keystone pipeline deal is a double whammy for Wichita employment.

  • Donald Wilson

    I have been saying it for years many of the politicians do not give a damn about the citizens or th country. Game over.

  • Tom

    Free trade is not the problem. Money printing is the problem. If Nixon didn’t close the gold window, the US would have suffered a major deflationary recession. That would have caused prices to collapse and the dollar to fall.

    Manufacturing would have picked up back then. The only reason the US is in it’s current shape is because of money printing and the world is too stupid and accepts the dollar. This will come to an end and the consequences would be less dramatic had this happened 40 years ago.

    • Eisenkreutz

      FREE TRADE IS THE PROBLEM. THE FEDS CENTRAL ECONOMIC PLANING IS THE PROBLEM. USE YOUR BRAIN INSTEAD OF PARROTING SOME IDIOTIC TEXTBOOK.

      • Tom

        How is free trade between people within a country a good thing, but when it crosses the border bad for society? Please explain!

        It’s both division of labor. And as I said also, the Fed is the main problem. Money printing is the main reason for poverty in societies.

        • Gay Veteran

          eyeroll

          what free trade? are the Chinese people able to form unions? are the Chinese people able to petition their government to stop corporations from polluting China?

          • The Price Of Tea

            No one in China gives a rat’s ass about you.

          • Mal R.

            eyeroll. Do you even know what free trade is?

        • Kevin2

          Tom

          Free Trade within a country is good for several reasons. All of those workers pay taxes to the same government sharing the expense. When worker A in a country buys from worker B wealth is transferred within the nation. The traditional wealth creator is manufacturing. Free Trade within a nation supports retaining manufacturing.

          Free Trade with nations having significantly lower wages and restrictions entices manufacturing the traditional wealth creator to flee. It therefore lowers wages and by default purchasing power in the nation it fled. Prices drop X percent due to lower cost but wages drop X+ percent. In the end you loose. Many also then resort to increased debt to maintain their lifestyle which is unsustainable. As more industry flees the balance of trade goes negative and wealth flees.

          In the end “when and if” the developing world with several billion people gains full employment and wagers increase the former developed world can then rise again. That will take a long time if it ever occurs.

          Here end the lesson on why Free Trade with nations having very low pay of labor compensation and no civilized worker safety and environmental laws are bad for the developed nations having civilized worker pay and protection.

          “Money printing is the main reason for poverty in societies.”

          Money printing beyond productivity by the Federal Reserve masked the decline in traditional wealth creation lost with “Free Trade”. Debt replaced wealth as the chief driver of the economy. The injection of the increased money was through increasing debt both public and private. It’s a symptom not a cause.

          • GSOB

            Kevin2

            Free trade is one thing – but the type of government it filters through can make it not worth it. Then it’s no free trade.

    • SmallerGovNow

      Tom, money printing is a serious issue. In essence the Fed is enabling bad behavior and letting congress off the hook to over promise the american people to get their votes. However the issue is that we’ve gotten away from our constitutional construct and become the socialist state that has never worked throughout history. We could eliminate the entire federal government and would just barely be able to cover entitlements. We have a serious spending problem …

    • chiller

      Your avatar with closed eyes is fitting.

  • TMal

    Remember when you were in history class in elementary school and you were taught how deplorable it was back when children and adults in the US were essentially slave labor to the industrial giants….well guess what ….it is still going on we just exported it to the third world so we can have cheap computers, cell phones, clothes etc. Congratulations America! You have become fiscally and morally bankrupt at the same time. A society cannot survive with no economy but more importantly no morals. The landscape of history is littered with societies that came and went, US is not immune. We need to wake up!

  • sharonsj

    The World Trade Organization now says that we should not be listing the country of origin on goods sold here because that would prejudice consumers. Damn right it would! How else would I know not to buy any food imported from China?

    The problem is that America agreed to abide by WTO rules–and those rules supersede our own laws. In most of these treaties, we get screwed to begin with–the people get screwed, but not the corporations.

    In any case, the American workers’ wages have been going downhill for 40 years and Congress has done nothing, so why should we expect them to do something now?

    • SmallerGovNow

      What we need is to revive the “buy american” slogan and get that going. Instead everyone glorifies “Apple” and the iphone which is produced in China…

    • Mal R.

      ” American workers’ wages have been going downhill for 40 years and Congress has done nothing”

      Au contraire sweetie. Congress has been there the whole time leveling the paying field. Stupid people like you thought that the money was coming to you but noo, they are leveling the world playing field.

      So is it easier to bring the living standards of 5 billion people UP to the US’s or easier to bring down the living standards of 300 million ppl? I’m betting you dont even know you were duped. O BA MA O BA MA!!!

    • GSOB

      sharonsj

      ‘American workers’ wages have been going downhill for 40 years’

      Really – 40 years?
      I would not bet on that one.

  • Excalibur

    With millions of people out of work companies have a vast pool of warm bodies to hire from. They can offer lower compensation, while demanding higher skill levels. With no apparent change in the job market on the horizon, a downward spiral of household income nationwide seems to be assured for sometime. Which of course means a significant reduction in living standards that may come down to simply trying to survive.

    The company our daughter works for subcontracts out their security, which goes out to bid. A competitor for the existing security firm recently won the bid. The new security company told the existing security staff they could remain on as long as they were willing to take a 35% pay cut. Otherwise they will be bringing in those that will work at the reduced wage.

  • Evie

    Did you notice the article from the cnn app about unicor disappeared the next day. The app usually keeps articles for days and weeks. Maybe the politicans dont want people to know that is their idea for job creation. From prisons for profit to the slave farms. In s africa they killed people at a platinum mind. The media wants you to believe it was the pesky union. They have unions in s. Africa? News to me.

  • Windsor Can.

    Were at the point of no return now.Best thing is to stay out of debt,store food for a long duration and water.Money,Gold whatever will be worthless.But you have to eat.If anyone tried to go against this world plan now would get what JFK,RFK,Reagan and Pope John Paul 1&2 got.Also the polish pres. and cabinet.There is no way out now.Great read though.Thx.

    • Mal R.

      Actually, gold has NEVER been worthless.

      Money, on the hand…

  • k

    To soften the blow on americans i think the govt should abolish the federal income tax to ALL americans (not just the super rich). We are already in 16 trillion debt, and any deficit this abolishment will create, will only be a spit in the bucket(correct me if i am wrong).W

    • k

      when we are already neck deep, what difference will another inch make.

  • http://TheEconomicCollapse Darwood

    Michael, I love your articles! I am a conservative and a registered Republican. I get so frustrated with how most Republicans and so called conservatives are for unrestricted free trade. How did it become conservative to sale America down the river? Most politicians will not touch this issue. Buddy Roemer tried to address these issues and couldnt even get into the debate.
    I listen to talk radio and hardly hear a peep. Both Mit Romney and Pres. Obama are for the TPP agreement. The leaders of this country have to see what this global economy is doing to our nation yet they continue on the same course. Where is the balanc between being for free enterprise but yet not anti labour and anti protectionism? Thanks so much for your honest perspective!

    • Michael

      Darwood:

      That is so good to hear. I wish there were a lot more Republicans like you.

      Fair trade should be a conservative issue. We will always need to trade with other nations, but we need to do it in such a way that other nations such as China are not cheating us blind and so that our country is not being drained of businesses, jobs and wealth.

      Michael

      • citezens

        For once Michael I will have to disagree. We don’t have to trade with other countries. The US has every natural resource and technology we need to be an unstoppable force! However, we sell off our tech and labor to foreign countries for a quick Buck not looking into the future at the total devistation that the quick cheap money brought us. Face it, our government Democrat, Republican, or whatever has sold once the greatest country in the world right out from under its own citizens. Stock up and batten down the hatches…… gonna be a storm of epic propositions!!

      • Jerry

        At least Romney says he wants fair trade with China. Not a peep out of the golfer/fundraiser, aka DIC (Dictator-in-Chief).

  • http://endzone2.weebly.com Craig

    Great article. You’re the only voice I know on the internet that is really speaking the truth and also defending the middle class. There is no sense of nationalism among our politicians anymore, and as a result we are being played for fools by countries like China and Mexico. Romney says in his “5 things he’s going to do when he is elected” that one of them is to stop unfair trade with China. Do we really think that will happen? I don’t. His history in business says that he is perfectly fine with American jobs being offshored if it puts millions in his own personal bank account. We even seem to have suspeneded our own rule of law in order accomodate illegal immigrants now. It didn’t even matter to anybody that Marco Rubio isn’t even eligable to be president of the United States according to our constitution. The rule of law was never taken into consideration. This is a frightening time we live in, and most middle class Americans like myself feel powerless to stop it. I am only one short step away from being out on the streets though, and I have not be able to find a job in 3.5 years. Only the grace of God and help from some people has sustained me.

    Maybe our abortion holocaust (50 million of our own people killed) is what makes us ashamed of ourselves, and so we no longer have the strong sense of nationlism. But it’s the democrats and the Godless people like them who drug us down into this sewer. It’s the democrats who gave us abortion as the law of the land and hundreds of other Godless decisions. And I’m not defending republicans either. Most of them are RINO’s.

    • Gay Veteran

      as if abortion has anything to do with shipping millions of American jobs overseas

      • Love Chick-Fil-A

        I’m enjoying some delicious Chick-Fil-A today. Why don’t you take your pride parade to downtown Tehran hero.

        • Gay Veteran

          well Love Chick-Fil-A, you would fit in well with the Ayatollahs in Iran

          • Mal R.

            Makes you wonder why the democrats are up to their eyeballs in league with Islamists huh. Well not you, you’re a leftist. I’m just speaking in general.

  • brad

    Leaving aside the greed and corruption of political and business elites, granted no small task, what we have here is unprecedented global manufacturing output. The genie is out of the bottle hence the collapse of the middle class and their standard of living and the U.S. in general. When global output capabilities were considerably more constrained it was much easier to enjoy a solid return on individual/national labor both skilled and semi-skilled. Add to this sea change the kleptomaniac pathologies we know call the Federal Government and presto you have misery as far as the eye can see.

    • Gay Veteran

      poor Mal R., still wetting his pants in fear of the Islamists

      “The people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked, and denounce the peacemakers for lack of patriotism and exposing the country to danger. It works the same in any country.” (Herman Goering at the Nuremberg Trials)

  • Winston Smith

    most are happy to wave a flag, a cheap slogan, but they are beholden to others…

  • ????? don gill

    MICHAEL-I DON’T THINK ANYONE COULD MAKE IT ANY CLEARER THAN YOU HAVE IN THIS ARTICLE! YOU’RE GETTING BETTER BY THE DAY!! I BELIEVE THAT THIS ARTICLE SHOWS MAN’S UTTER STUPIDITY AND OFFERS CONCLUSIVE EVIDENCE OF MAN TRYING TO GOVERN HIMSELF WITHOUT RELYING ON THE CREATOR. WE ARE DESTINED TO LEARN THAT LESSON SOON. THANKS FOR ALL THE HARD WORK!! DON

    • Michael

      Don:

      Thank you for saying those things.

      And I will definitely take getting better. I definitely don’t want to be “getting worse”. :)

      Michael

  • http://TheEconomicVoice Gregge Johnson

    Herman Cain was right with 9/9/9. 9% on all corporate gross income (no tax loopholes) would ballance the budget. a Also 9% tax on ANY money leaving the US. There is $6.8 billion dollars leaving america a month. Call it protectionism . We need it now to protect our country from financial collapse.

    • Eisenkreutz

      IT SHOULD BE A 15% TAX ON EXPATRIATED MONIES.

    • Mal R.

      And 9% taxes on 100% of American’s income. More than half the country pays no income taxes and somehow gets to still vote.

      • Gay Veteran

        yeah, those lucky duckies too poor to pay income taxes

        • Love Chick-Fil-A

          Are you from the fighting 69th hero?

          • Gay Veteran

            let me guess, you’re another right-wing chickenhawk

          • Mal R.

            Hey Gay, Nah I’m 1st Bn 11th Marines. I was born in 1775 and I’ve distinguished myself WORLD WIDE. I’ve been given several names based on how fiercly I’ve kicked a$$. I was called names like Teuffel Hunden (Devil Dog) for the way I fought at Belleau Wood and Leather Neck for the high collars I wore to prevent sword slashes to my neck. I stormed the beaches of Iwo Jima and Guadalcanal. I died by the thousands with honor and my enemy trembles when he speaks my name.

            Now YOU. You prance thru the streets wearing tutus and leather collars. Of course, not to protect yourself, but to subjugate yourself. Your name was given to you when the sh!zzle flew too. Unfortunately it wasn’t the same kind of Sh!zzle that distinguished you. You dishonor the military and your service lying thru your teeth.

  • Mondobeyondo

    Someday I’ll write a book called “Why This Happened”. Today isn’t that day though. Maybe in 2016 or 2017.

    But briefly – this could have all been prevented 30 or 40 years ago, if we had had politicians and leadership with… um, male reproductive organs to actually do something about it. We didn’t. We still don’t. Do they care? Yes, they do, but not about you. They care about money. Raise/steal enough money, and you can get elected or maybe re-elected!

    **ADVANCE WARNING! Preachy sermon type stuff coming up!!**

    A couple of the Seven Deadly Sins are going to finish this Republic. Probably all seven of them, but specifically, vanity and greed. Vanity, for believing that the United States of America is invincible. (Typical error which every great empire makes. We’re the best in everything!!! Except maybe soccer.) The whole Hundred Years War thing may have some competition, judging from our progress in Afghanistan. Hey Iran, you wanna piece of us too? Come on, hit us with our best shot! Bring it on, Ayatollah Whoever-youare! You get the idea.

    And greed… anything for money. ANYTHING. That, more than anything, is going to be our downfall. It’s not money in and of itself that’s evil. You need money to buy stuff to eat. You need money to rent or buy a place that has a roof over your head. It is the LOVE of money that is the root of all evil.

    The love of money = GREED!!! Oh, how we have mastered the art of greed!

    In the Lord’s Prayer, Jesus said to pray for “our daily bread”. Our greedy, egocentric, narcissistic society is praying for lobster and filet mignon, when much of the rest of the world can’t even afford bread to eat. Nooo, our society is WORSE than the ancient Hebrews held in bondage in Egypt. We aren’t grateful for the manna God sends us. We want vanilla and chocolate flavored manna! We don’t want water. We want Perrier. What the hell is wrong with us??

    This is nothing new. Janis Joplin famously sang “Oh Lord, won’t you buy me a Mercedes Benz”. A Toyota can do the same job as a Mercedes Benz in most cases. But we want the luxury. We want the VANITY! Gotta keep up with the Kardashians, um, Joneses!

    **PREACHY-TYPE RANT OVER**

    To sum up: Yes, this country, and its society at large, is doomed.

    • K

      Thank-you Mondo. Homerun.

    • Gay Veteran

      poor Mal R., served besides gay men but never knew it

      and your arrogance is pathetic

      “…You dishonor the military and your service lying thru your teeth.”

      wow, project much? I see the marines did a good job brainwashing you

  • janice

    ….The “giant sucking sound” that Ross Perot once warned us about has become a reality.  Big employers are competing with one another to see who can outsource jobs the fastest, and American workers are the big losers in all of this…

    And Perot was demonized & called a nut case.   He took his charts back to Texas & continued making his millions.  Too bad we didn’t listen.

    No one else told the American worker what the new global economy would mean.   Workers were kept clueless, at their machines, in their cubes, on their phones “doing the deal” until it was too late.   The great new American “service industry economy” future was never fully explained.   Now we know.

    Yep, we quietly watched as industry after industry disappeared.  Low tech, no tech, blue collar, no collar…not our problem.  As long as it wasn’t our industry/our job,  no one cared.     Not until our own, safe, high paying job evaporated  did we pay attention.  Changes were occurring  up and down the job food chain over the past 20-30 years.  No one gave a rats pa-to-tee  about the other guys ” bad luck”.   As long as MY pay check, bonus, raise, promotion kept rolling in life was good with money in the bank !

    Well… millions finally got their personal wake up call.  Too late. 

    Recent college grads, experienced workers, advances degree professionals, skilled craftsmen & laborers…all getting wake up calls.   All are over qualified, over paid, too old, no experience,   wrong skill set, etc.  The American worker is an unwanted, overpriced liability.    A college degree. Useless?  Technical certification. Useless?  Skills & experience.  Useless?   Unless something emerges to alter this new reality…  as my 92 yr. old mom used to say, “We will all end up in line for a half a biscuit “.  

    • SmallerGovNow

      janice

      so right about Perot. I remember watching those debates and he was one smart son of a gun. I loved the charts (naturally as i am an engineer) and am hoping that Ryan will adopt part of that approach in the debates…

    • Gay Veteran

      and now the greedy scumbags who shipped American jobs to China are complaining about wages being too high

      Karl Denninger (one of the founders of the Tea Party movement) correctly calls these korporae scum LOCUSTS:

      “…There is no intent to build a middle class [in China], to lift people generally, to employ people who then buy your products and services with their salaries.

      No, this is a swarm of locusts. The only intent is to strip-mine the labor and poison the land, air and water. As soon as the people who you have been abusing get tired of it and start pushing back, you simply leave.

      Our “trade policy” is predicated on exactly this — we enable it while at the same time claiming to stand for “human rights.” The Libertarians are even more-galling — as the only political party requiring a non-aggression oath for membership, the hypocrisy dripping from 90% of the candidates and the utter refusal of both national and state parties to take up strong anti-aggression language while clinging to the polemic of “free trade” in their platforms define both hypocrisy and bigotry.

      It’s all fine and well to prattle on about “gay marriage” and such, but the reality is that man has a long history of abusing people “over there” — out of sight, out of mind. The rampant pollution and slave-like conditions, often enforced with literal black-listing and state-spnsored destruction of the people’s previous way of life, leaving the people a choice of sewing for the equivalent of 50 cents a day or starving, is part and parcel of the “competitiveness” that these firms seek.

      No firm can get away with this sort of practice in a nation where unalienable rights are respected, there is a rule of law, and there is redress available in the courts for environmental damage and slave-like conditions.

      There are many who claimed that China was a “miracle” in lifting people from rice-paddy subsistence farming to “the middle class” in factory work. That was and is a lie. The former farming lifestyle was destroyed outright with pollution and resource theft, leaving the people unable to choose. The promises made of an upward mobility in lifestyle was a lie; instead of reasonable hours and working conditions the employees are worked ridiculous hours, expected to produce at rates beyond reasonable human output and then discarded like a broken horse when the inevitable health problems become manifest. Meanwhile the people — including children — are poisoned with unfiltered raw industrial waste dumped on land, air and water.

      When the people have finally had enough and rebel, despite their communist government threatening to kill them all, the manufacturers simply shrug and move onward — to Indonesia, Vietnam or somewhere else where they can find yet another group of people to screw and poison.

      There is no sustainable policy here. There is no “free trade”; this is raw abuse of people and property. The support of such policies is the support of slavery, assault and even homicide.

      To our government and the political parties, including the Libertarians, I say this: Enough.”

      http://market-ticker.org/akcs-www?post=210148

      • GSOB

        Gay Veteran,

        How are you.

        Hey, I enjoy reading this particular comment you wrote. Interesting, you mentioned some of the misery
        the people endured. It’s all they got. Sad to think that is going on even as we blog about it.

        The government in bed with business in all countries, to some degree, is a tyranny to the common people.

      • Love Chick-Fil-A

        Too long didn’t read.

        • Gay Veteran

          let me guess, if it doesn’t fit on a bumpersticker then you can’t understand it

      • Mal R.

        “and now the greedy scumbags who shipped American jobs to China are complaining about wages being too high”

        You mean Clinton? Hmm, it’s not often a leftist will acknowledge when another leftist makes a mistake. Yes, of course, ALL of those bastards in Congress were involved, but still. I’m impressed.

        • Gay Veteran

          Clinton was a corporate whore, just like members of BOTH parties

  • erheault

    Apperently the czars that are rullig the country are getting a little nervous as they are ordering vast ammounts ao both pistol and rifle ammo into the millions of rounds.
    When the democratic icon signed NAFTA and eliminated the Glass-segall ammendment in between Monica sessions our economic fate was sealed at this time we have really no recourse to salvage our economy there is no way to repay multi trillions of debt short of economic crash,
    With close to half of our work force out of work and living on their savings if they have any the pot is boiling, As for leadership from our representives there is none the only concern they have is for reelection all else is off the table. Anybody that votes to reelect any of the clowns will deserve what is decending on them and us.

  • Eric

    A most excellent article! This is one of key issues of what is wrong with our nation. The dollar’s world reserve currency status is what has allowed the US to dig itself (and the world) into a very deep financial hole. We can not have “free trade” and have massive balance of trade deficits at the same time. All we are doing is selling of our wealth for some shinny beads. The integrity of a nation depends on its ability to maintain fair trade. Since implementing “free trade” every nation has engaged in the equivalent of debasing its own currency in order to deal with what is clearly a failed experiment.

    • SmallerGovNow

      So right Eric.

      I was amazed to find out that of every five dollars I spend four of them go to China…

  • Robert

    A Glimmer Of Hope?

    There’s stories of towns in the Heartland using silver and gold as a medium of exchange and making every effort to meet all their needs locally. It’s an imperfect system with sa lot of problems to be worked out, but at least some are trying to find a solution.

  • ALICE

    Disloyalty to our country is the problem…Career politicians have sold out, for their own personal gain..What a mess we’ve gotten ourselves into..

  • http://thetruthandthetruthalone.blogspot.com/ Earl

    Ever since I discovered you blog , I hav been checking it out everyday. Every post you have posted have been on target point blank. We were expecting these things so long ago from Biblical studies. But to see them come to past is draw dropping to say the least. This post in particular James 5 is so on target. History and real line upon line Bible prophecy are identical.

    James 5:1-8 (KJV)
    [Go to now, ] ye[ rich men, weep and howl for your miseries that shall come upon ] you[.] 2[Your riches are corrupted, and your garments are motheaten.] 3[Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.] 4[Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth.] 5[Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.] 6[Ye have condemned ] and[ killed the just; ] and[ he doth not resist you.] 7[Be patient therefore, brethren, unto the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth, and hath long patience for it, until he receive the early and latter rain.] 8[Be ye also patient; stablish your hearts: for the coming of the Lord draweth nigh.]

    • Michael

      Yes, I think that passage is so appropriate for today.

      Michael

  • Marvin

    I just saw a news article that billionaires George Soros and John Paulson are buying huge amounts of Gold. Does that mean they know the collapse of the dollar is coming soon??

  • OH NO

    A few weeks back I exited the freeway there was a old man with a oxygen bottle asking for donations across the street was a blind man with a cup when I turn the corner and passed the freeway entrance there was a person in a wheel chair and on the other side was a young girl, that’s how bad it’s getting and to top that off when you need a cop they don’t show up for hrs so I was passing a guy setting up to sell strawberries on a corner good price and I was going to buy some on the way back after I mailed a letter (5 min) and he was in a cop car he couldn’t make a living even when he tried.

  • mile

    and the Social Security Department was purchacing ….bullets…..

  • Nancy

    “Something has gone very,very wrong with this country.” Ya think? Good article, but you failed to mention the “Elephant in the room.” We have taken God out of EVERYTHING! When a country no longer feels the neeed to rely on God for all, then God, being the gentleman that He is, removes His hand of protection.

    Psalm 94 II “How long, Lord, shall the wicked, how long shall the wicked glory? How long will they mouth haughty speeches, go on boasting, all these evildoers? They crush your people Lord, torment your very own. They kill the widow and alien; the fatherless they murder. They say, “Teh Lord does not see; the God of Jacob takes no notice.”
    Understand, you stupid people! You fools, when will you be wise? Does the one who shape the ear not hear? The one who formed the eye not see? Does the one who guides the nations not rebuke? The one who teaches humans nothave knowledge? The Lord does know human plans; they are only puffs of air.

  • Paul

    Maybe it would have been helpful, if the US hadn’t put so many restrictions on exporting hightech products.

    Now, everyone can produce their own.

  • Paul

    “This means that many Chinese companies are able to absolutely thrive while their competition in the United States goes out of business.”

    Chinese Companies and American-owned companies in China have the same tax rate.

    Many products made in China come from factories financed from foreign investors.

    Maybe it would be helpful, if American politicians and workers and unions would put more attention on working conditions in China to drive up the costs in China.

  • Paul

    “a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China thanks to all the tariffs.”

    That’s why there is a JEEP factory in China.

    Volkswagen has a factory in Shanghai, and they said that production costs in China are actually 30% higher than in Germany, but it still pays because of the tariff.

    • Kevin2

      Chinese tariffs work to obtain and retain manufacturing within China.

  • Paul

    Building houses could be a good business in the US, because you can’t make them in China.

    But make them from stone and concrete.
    And when the next flood comes or hurricane, the house will still stand. Like in Hong Kong’s typhoon.

    And all your possessions are still there and don’t need to be replaced.

    And if you need to buy a fridge only once in 10 years, you can buy a locally produced one and get all the service from local service.

    With your woodsheds people are poor after the second flood and can’t afford anything produced in the US anymore.

  • Jason

    We all know what is coming. And it ain’t gonna be pretty.

    JJ The Fed

  • Washington

    Ron Paul: A notable omission from the list of speakers at the 2012 RNC ELECTIONS 2012 AUGUST 12, 2012 BY: BRIAN COLE

    http://www.examiner.com/article/ron-paul-a-notable-omission-from-the-list-of-speakers-at-the-2012-rnc

    • GSOB

      Thanks for the bad news about the true statesman.
      His presence and supporters will be there in Tampa.
      May he overturn Romney’s still unoffical nomination in Tampa.

      Imagine that, if that happened. woe

      It just hurts so bad because it is so unreasonable for freedom loving people of this country to be purposely denied such a wonderful oppurtunity to have hope in a trustworthy servant to represent them.

      I’ll be watching the GOP nomination process and I do think there will be fireworks because of this man and his message.

  • http://huemaurice5.blogspot.fr/ huemaurice7

    This is a problem that has always done and worse from the Internet. Which will create a business in his country if he is allowed foreign competition? At what price does the oil from the producing country? How much cost transportation? A what happens – it here? Why was t – he not LNG tanker belonging to the State?
    (…) “In 2010, we had a trade deficit with the Mexico of $ 61.6 billion.”(…) How many US companies crossed the Mexican border to settle there and ‘export’ to the USA?
    When a policy is bad, people place their income abroad. In November, you will vote for who?
    ————–
    C’est là un problème qui s’est toujours posé et pire encore depuis l’Internet. Qui va créer une entreprise dans son pays s’il est permis la concurrence étrangère ? A quel prix part le pétrole du pays producteur ? Combien coûte le transport ? A quel prix arrive t-il ici ? Pourquoi n’y a t-il pas de méthanier-pétrolier appartenant à l’Etat ?
    (…) “En 2010, nous avons eu un déficit commercial avec le Mexique de 61,6 milliards de dollars.”(…) Combien d’entreprises américaines ont franchi la frontière mexicaine pour s’y établir et ‘exporter’ vers les USA ?
    Quand une politique est mauvaise, les gens placent leurs revenus à l’étranger. En novembre, vous voterez pour qui ?

  • Antonio Gonzalez

    America may change this November 6. It’s democracy…………… or not.

    But we know nobody can change it.

  • SmallerGovNow

    Michael, I am new to the site. I want to tell you that this was a good story and I am enjoying your website. Keep up the good work…

    • Michael

      SmallerGovNow:

      Thank you, and I definitely agree with your handle – much smaller government would be a very good thing.

      Michael

  • Janet

    Remember, it’s a Club and we’re not in it.

    • Really?

      Simple,elegant, child like honesty. EXACTLY right on the nose Janet

  • RICH99

    those 8 trillion dollars did go back to u.s. businesses its just they made more profit from offshoring….get it right or dont post ********************* !!!

    • John W.

      Really? All the companies in China are US owned? I think not. Everything in China is controlled by the PLA. The point that is more important is the wages were not earned therefore not spent here. Five people eatning ten million each does not make an economy. Now get lost you annoy me.

  • Otis

    Read Edward Conard’s book “Unintended Consequences: Why Everything You Have Been Told About the Economy is Wrong”

  • Bill M

    Once or twice a year I go to Target or Walmart or one of those places and take a little informal “survey” just to see where things are made. Recently, at a Target store, the only items I found that were made in the US were diapers, rubber “welcome” mats, and some greeting cards. For the other stuff – TVs:China and Thailand; clothing: India, Pakistan, and Vietnam; small refrigerators: China; vacuum cleaners: assembled in Mexico; misc autoparts: China; kids carseats: China; lamps: China; etc., etc. Anyway, I could go on and on. Just freakin’ amazing!

    I wonder how many “support” jobs are typically lost per manufacturing job once factory operations are moved abroad? I am thinking of jobs such as parts delivery, maybe small parts/component manufacturing, “service” or maintenance jobs such as painting, cleaning, HVAC positions, waitstaff jobs in local breakfast/luch joints, etc. We have really gone down a wrong path here.

  • GSOB

    Million, billion, trillion … all big numbers. A trillion is just a bigger number, right? True … but it may be bigger than you think. A million is hard enough to imagine, much less a billion. We need some perspective on what these unimaginable numbers really mean.

    Let’s Measure a Trillion in Time

    If you count backward, then:
    1 million seconds = 12 days ago
    1 billion seconds = 31 years ago
    1 trillion seconds = 30,000 B.C.
    (give or take a decade or two)

    America is almost 16T in debt!
    Something’s go to give.

    • Mondobeyondo

      Approaching $16 trillion in debt, and fast.
      I predict President Obama will address a joint session of Congress next month, explaining how we will pay off the debt in the next 692,383 years. And that’s if they don’t extend the debt ceiling. Yeah, right.

      Buckle up and hunker down. Coney Island’s got nothing on this ride we’re about to take.

  • http://theeconomiccollapse tray2000

    very informative, unfortunately the dumped down masses have been condition to only accept information from ( fixed news ),( bsnbc ), or ( comedy news network )

  • Really?

    Even this post ……..details details , details, I’m not a conservative, a liberal, tea party, green party , or any other party I am an American period. Truth, justice(real justice), peace , prosperity, happiness,longevity, good health, where’s that party I’ll be the first to sign up.
    It is so moronic and closed minded to be anything else.

  • http://chkphotography.zenfolio.com/ Charles

    In my assessment, the American created concept of the American Dream is the single most contributing factor for the decline of the US economy. The American Dream created a middle class that expected to work in the same place for their whole career, have continuous increases in pay, have medical benefits, have retirement, send their children to college, have 2 cars, and have and have, and have. And in the same breath, they wanted/needed to spend less on the same goods and services that they and their neighbors where manufacturing and providing so they could afford all the have to haves. Those two issues just cannot coexist.

    So, let’s wait until we become a third world economy, and we can start a new growth, but with less expectation, all over again.

  • ERNEST

    WHAT DO YOU EXPECT WHEN TRAITORS ARE VOTED IN TO OFFICE.

  • Bea

    NO — mr RICH99
    those jobs DID NOT go “offshore” — ck with your banker, financial advisor that KNOWS this economy. THE CURRENT IDIOT GOV’T IS THE REASON, and aim to bring down America – MY AMERICA THAT MY FAMILY GAVE THEIR LIFE FOR!!! And YES I will fight for HONESTY, TRUTH AND ETHICS … AND GOD!!!!!!!!

    • Nexus789

      It is not the current Administration. The decline of the US started in earnest with Bush 1 but Nixon opened the doors for the Chinese. Where do you think the jobs went – hidden under the sofa, in the garage, etc. No they have been out-sourced, off-shored, etc, along with 50,000 manufacturing companies that have closed down. Internally jobs have been lost via a million or so Indians on visas – all undercutting US workers.

      The decline of the US has been ongoing for 40 or so years and through multiple Administrations.

      • Mal R.

        “The decline of the US started in earnest with Bush 1 ”

        Nah, Teddy Roosevelt and Woodrow Wilson -ish. Progressives are evolutionaries vs revolutionaries like Marx, Mao, Lenin, and Castro. They’ve been duping Americans for a century.

        • Gay Veteran

          unlike cons like Reagan, right?

          I don’t buy the garbage from either party

    • LordRhynn

      How do people spend so much time on this site and still find time to jam funnels down their throats through which entire hogsheads of bipartisan Kool Aid can be dumped? How do you read Michael’s articles and screw up this same simple point?

      There IS NO TWO PARTY SYSTEM IN AMERICA. THERE HAS BEEN NO TWO PARTY SYSTEM IN AMERICA SINCE THE CIVIL WAR ENDED.

      You want to know when this started? Right then. When integrity and honesty were replaced with bribery, lying, corruption, extortion, propaganda, and vote tampering in the political process. When the American people were duped into believing that “their” side was composed of the filthy rich people who hated their money and everything it could do and so sacrificed their own life plans to be the champions of the common man.

      Right on the heels of, and very much related to that transition was what came shortly thereafter when the US government sold out its country by leaving its money supply in the hands of private bankers. It”s called the Federal Reserve Act of 1913 and if you’ve spent more than 15 minutes on Michael’s sites and you still don’t get this there’s a newsflash coming to you. You are part of the problem.

  • nick

    ************** world is corrupt to its core and Janet you said it I for one would never in a million years want to be anyway I’m thank full for the life and ************** I have.

  • WM

    What os happening is not by chance, it is planned by the gloabalist elite to usher in the NWO. They have been busy for many years.

    The UN, trilateral commission, council for foreign relations, etc are all part of “uniting the world”

    The Bilberberger group is behind a lot of this and they have no idea that what they are doing is actually fullfilling/going to fullfill Biblical prophecy and set the stage for the antichrist.

    • Robert silva

      Good words
      i just disagree in one point:they surely do have idea abpout the bible

  • Strangewalk

    When one factory employing many low-skilled workers is moved abroad, along with it go skilled maintenance, technical, design and engineering positions, professional accounting, data base admin, IT, management and marketing jobs too. Just as the real estate ladder depends on the first time buyer for support, high skilled and professional positions rest on lower tiers of labor to exist. In addition, a significant percentage of any country’s labor pool will always be low skilled, and US manufacturing jobs provided ours with a living wage, and for the ambitious an opportunity structure allowing for upward mobility (entirely unlike China, Mexico etc) Now, all of that is lost. American business and political leaders sold their country out for the fast buck, and for good measure they went on to bankrupt their nation into hopeless oblivion. You would think they were smart engough to learn from history, but they were not, because greed blinds. The day is fast approaching when they, like so many scroundrels, tyrants, thugs and rapacious kleptocrats before them, will pay a very heavy price. Take note–the Ghost of Robespierre is fast returning.

  • Gary2

    did you ever stop to think what we would do if we had to have another ww type of event? We probably could not make half the stuff we would need.

    I think it is in the national security that manufacturing come back to this country regardless of cost. Profit is not everything.

    • Louise in MO

      Well, Gary2, for once I agree with you.

      I have often wondered what we would do should we have a war on our soil. During WW2 we manufactured everything we needed here in the USA.

      This article by Michael has put the frosting on the cake regarding “Free Trade.” Next anti- free trade rally….I’ll be there!

  • Ian Stevenson

    In the first sentence it says “bring us greater prosperity”. The thing is, who does ‘us’ refer to? I suggest it means the what the Occupy Movement call the 1% and does not mean the 99%.
    it is true here in England as well.

  • canadian

    100 million on welfare in a country of less than 400 million?………as an outsider..one question….why is Ron Paul treated like a red headed stepkid……..romney isn’t even the nominee and he has a v.p……i think you are correct Janet……as the body said….demacripes and rebloodlicans…….only you have the power to change and if you dont believe that then you are truly lost…every person of age should go to the rep conv and force a change……..then sit back an see if a 180 degree change in policy will bring balance…..i do not believe this possible because your country is divided…..religiously,morally,ethicly and most importantly…empathetically….i watch your news programs….sad

  • James

    This is just one side of a very complicated story that most people can’t even begin to comprehend, myself included. For example, what happens to China if this collapse happens? Obviously, it’s in their best interest to see the US do well. Additionally, Chinese wages are already going up, and in some sectors, they are starting to compete with other developing economies that offer lower costs. In other words, they are already beginning to lose jobs. I think of bigger concern should be what is going on in our own country with our educational standards, general lack of motivation, and entitlement attitudes. (Not government aid entitlement, but the type of global entitlement that results in Americans assuming that no other country deserves to prosper as much as we have.) The problem is that our culture has grown extremely lazy and self conflicted. There is so much in-fighting that nothing gets done but the blame game. If perspective is everything and our perspectives are created by Fox news, then civil war is more likely than world war. But why, the enemy is your neighbor. The issue isn’t gay marriage. We all need to work together again, as one nation, under Any God, because keeping food on the table is more important than anything else.

  • James

    correction: “the enemy is NOT your neighbor”

  • Louise in MO

    I’m always amazed that the people from Canada always seem to have the “answers” for the USA. Don’t you guys have enough to be concerned about in your own country? Or is Canada perfect in every way? I think not. Pay more attention to what’s going on in your OWN backyard.

    • Gay Veteran

      that’s funny when America sticks its nose into everyone’s business

  • Nobody

    How Americans can be so naive after living about 40 years on the back of the rest of the world? If you do not kill the Petrodollar, it will kill your economy. In fact, it is already slowly killing it. Every country in the world needs desperately to sell products to the US in order to get US Dollars to buy oil. This explain why everything is much cheaper in America than in any other country. Americans have been living on a buyers market since 1971. The party is over – wake up.

  • BlackDog

    What would happen if the United States (Federal Reserve) strategically defaulted on portions of our debt? War? Unlikely — no one can afford it. The end of the global economy? Possibly. A political ‘end-run’ around insurmountable debt, and an instantly robust US economy with less than 2% unemployment, using REAL numbers? Guaranteed.

    • Nobody

      A default on the US debt only would accelerate the run from US dollar, which is already happening. For example, see “11 International Agreements That Are Nails In The Coffin Of The Petrodollar” on this blog.

  • http://rantingsofatrimetbusdriver.blogspot.com/ al m

    Well this article sure made my day.
    Lets see, I’m 58 now, do you think I will get out of this before it all comes crumbling down?
    Who cares, everybody dies, the rich the poor.
    Some die easier than others some die harder.
    “It all goes back in the box”
    http://www.youtube.com/watch?v=rqlTwrKq_Qw

  • Andrew Bulles

    The other day, I attended a “garage sale” to raise money for a wounded Iraq War vet… his “service boots” — tan desert fatigue style were on display and for sale to the highest bidder… Where were they made? You guessed it… CHINA. We are about two steps away from utter economic collapse. We don’t even make the boots anymore…

  • Paul Sorenson

    America is going down the drain. Free trade has been a huge scam just like Republican primary election rigging against Ron Paul. The party of filth. All Romney will do to fix our trade problems with China is to ban Egg Rolls from the White House. We are doomed to becoming a failed nation….soon.

  • markthetruth

    Michael: you believe this garbage

    Why Fewer Americans Are Living Paycheck to Paycheck

    http://www.cnbc.com/id/48752194

    It’s seems like they are reading your blog , because this is not the first time there’s been a response to your articles……………

    the end.

    you can delete the previous post i had you instead of your

  • WiseGuy

    We are about to enter the new dark ages of the 21st century.
    Later Surfs

  • Frances

    Stop the free trade and force US jobs back to US.

  • http://incitador.blogspot.pt Incitador Lusitano

    You have been alerted by Sir James Goldsmith (an european citizen). Check this enterview from 1994:

    http://video.google.com/videoplay?docid=627032408955907101#docid=5064665078176641728

    I wonder if the lady from the Clinton administration still thinks the some way, 18 years later… (If I knew her email…)

  • chris

    It’s good that the world is increasing its wealth. Isn’t it. Poverty is being redefined and 1/2 of China is no longer dirt poor. You can boo hoo all you want but I’m excited.

  • Satya Pal Bindra

    This is a wake up call to all that we live in one world common world and interdependent world. We need to have one world economy to end suffering to all. This means justice and dignity to all for the welfare of both haves and have not. President Obama is a true world hero to make American realize the need for change is a win-win situation.

  • Satya Pal Bindra

    As a powerful nation US must do every thing possible to help end bonded slave labour in all countries by persuasion, preventive and punitive ways.. Every nation must be made to pay minimum wages to all employees. This Utopian dream must and can be realized only by accepting the universal truth that we are all equal. This alone will not only save America but the rest of the world.

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