Did you know that an average of 23 manufacturing facilities were shut down every single day in the United States last year? As World War II ended, the United States emerged as the greatest industrial power that the world has ever seen. But now America's industrial might is being gutted like a fish and both political parties seem totally unconcerned. Yes, we will always need trading relationships that are fair and balanced with other countries that have economic systems that are similar to our own. However, the truth is that most of our trading relationships are neither "fair" nor balanced. For example, China manipulates currency rates so that Chinese products are much cheaper than they should be, they brazenly steal our technology and we let them get away with it, they deeply subsidize their most important industries and they exploit their citizens by allowing them to be paid slave labor wages. How in the world does that resemble the "free market" at work? Predatory nations such as China do everything that they can to distort the free market. So why in the world would any rational economist ever recommend that we should keep trading with other countries that are cheating us blind? After you read the facts in this article about the gutting of America's industrial might, hopefully you will get very angry. We need the American people to start getting very upset about these very important issues.
Both major political parties promised us that globalization would be wonderful for the U.S. economy. Well, in the first decade of this century less net jobs were created than in any other decade since the Great Depression.
The "free trade" polices of the globalists have been an abysmal failure. Tens of thousands of factories, millions of jobs, and hundreds of billions of dollars of our national wealth have gone to countries that engage in predatory trade practices and that exploit slave labor pools.
How in the world are American workers supposed to compete against workers that make less than a dollar an hour (with no benefits) on the other side of the globe?
If you support the version of "free trade" that most of our politicians are promoting, then you are supporting the one world economic system that the global elite are trying to establish. In this one world economic system, American workers will increasingly be forced to compete for jobs with the cheapest labor on the planet. This will continue to force the standard of living of American workers way, way down and it will continue to absolutely destroy the middle class.
The following are 35 facts about the gutting of America's industrial might that should make you very angry....
#1 According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years.
#2 Sadly, it looks like this trend is picking up momentum. During 2010, an average of 23 manufacturing facilities a day were shut down in the United States.
#3 Since 2001, the U.S. has lost a total of more than 56,000 manufacturing facilities.
#4 According to the Economic Policy Institute, the U.S. economy loses approximately 9,000 jobs for every $1 billion of goods that are imported from overseas.
#5 The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.
#6 Back in 1979, there were 19.5 million manufacturing jobs in the United States. Today, there are 11.6 million. That represents a decline of 40 percent during a time period when our overall population experienced tremendous growth.
#7 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.
#8 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of all jobs in the United States are manufacturing jobs.
#9 The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.
#10 The Economic Policy Institute says that since 2001 America has lost approximately 2.8 million jobs due to our trade deficit with China alone.
#11 All over the United States, road and bridge projects are being outsourced to Chinese firms. Just check out the following excerpt from a recent ABC News article....
In New York there is a $400 million renovation project on the Alexander Hamilton Bridge.
In California, there is a $7.2 billion project to rebuild the Bay Bridge connecting San Francisco and Oakland.
In Alaska, there is a proposal for a $190 million bridge project.
These projects sound like steps in the right direction, but much of the work is going to Chinese government-owned firms.
"When we subsidize jobs in China, we're not creating any wealth in the United States," said Scott Paul, executive director for the Alliance for American Manufacturing.
#12 If you can believe it, the United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.
#13 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.
#14 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.
#15 The new World Trade Center tower is going to be made with imported glass from China and imported steel from Germany.
#16 The new MLK memorial on the National Mall was made in China.
#17 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe? Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.
#18 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.
#19 Even in high technology products we are being destroyed. In 2002, the United States had a trade deficit in "advanced technology products" of $16 billion with the rest of the world. In 2010, that number skyrocketed to $82 billion.
#20 China has now become the world's largest exporter of high technology products.
#21 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.
#22 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.
#23 In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.
#24 The United States now has 10 percent fewer "middle class jobs" than it did just ten years ago.
#25 Today, American workers are bringing home a much smaller share of economic pie. Over the past decade, the ratio of wages to GDP has been declining very steadily.
#26 Now that millions of our jobs have been exported, there aren't nearly enough jobs left for all of us. Right now, the average amount of time that a worker stays unemployed in the United States is approximately 39 weeks.
#27 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million extra people to the population since then.
#28 If you gathered together all of the workers that are "officially" unemployed in the United States today, they would constitute the 68th largest country in the world.
#29 According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.
#30 As the number of good paying jobs declines, America's middle class is rapidly shrinking. In 1970, 65 percent of all Americans lived in "middle class neighborhoods". By 2007, only 44 percent of all Americans lived in "middle class neighborhoods".
#31 In the United States today, corporate profits are at a record high, and yet employment numbers have still not rebounded. Obviously something is structurally wrong.
#32 The Obama administration says that there are certain things that "we don't want to make in America" anymore. If you don't believe this, just check out what U.S. Trade Representative Ron Kirk recently told Tim Robertson of the Huffington Post about the Obama administration's attitude toward keeping manufacturing jobs in America....
Let's increase our competitiveness... the reality is about half of our imports, our trade deficit is because of how much oil [we import], so you take that out of the equation, you look at what percentage of it are things that frankly, we don't want to make in America, you know, cheaper products, low-skill jobs that frankly college kids that are graduating from, you know, UC Cal and Hastings [don't want], but what we do want is to capture those next generation jobs and build on our investments in our young people, our education infrastructure.
#33 Jeffrey Immelt, the head of Barack Obama's highly touted "Jobs Council", has shipped tens of thousands of good jobs out of the United States.
#34 According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.
#35 One recent poll found that 41 percent of all Americans believe that "the American Dream has been lost".
Yes, it is fun to go out and fill up our shopping carts with "cheap products" from the other side of the world, but when we do that it destroys our jobs, our businesses and our communities.
Our addiction to cheap foreign products is incredibly self-destructive. Essentially what we are doing is that we are ripping apart pieces of our own home and throwing them into the fire in an attempt to keep it going. Eventually we will cannibalize our entire home.
And we never really think about what it is like for the slave laborers that make all these cheap products for us. The following is from an article in the Telegraph about what conditions at one major Chinese manufacturing facility are like....
So far, at least 16 people have jumped from high buildings at the factory so far this year, with 12 deaths. A further 20 people were stopped by the company before they could attempt to kill themselves.
The hysteria at Longhua, where between 300,000 and 400,000 employees eat, work and sleep, has grown to such a pitch that workers have twisted Foxconn’s Chinese name so that it now sounds like: “Run to your Death”.
If we stay on this current path, even more of our formerly great manufacturing cities will turn into post-industrial hellholes.
Once upon a time, I also bought the "free trade" propaganda hook, line and sinker. But then I opened up my mind and I learned the truth.
This nation is losing jobs, factories and wealth at a pace that is almost unbelievable.
Something desperately needs to be done.
Is there anyone out there that is willing to defend the emerging one world economic system that is stealing our jobs and killing the middle class?
If so, I challenge you to take your best shot. Leave a comment below and explain to the rest of us why we are wrong.
We need to debate these issues because the myth of "free trade" is absolutely killing us.
Please wake up and get angry about these issues America.
Of course Unions had nothing to do with the decline right?
America is tracking the trend line to End Of Empire laid by
Rome-Spain-Holland-England
Over extension worldwide on Debt.
Small group own most of the wealth
10% own 70% net wealth 80% own 15%
10% own 70% financial wealth 80% own 7%
10% take 50% individual Income 50% take 13%
70/15 70/7 50/13 = 190/35
Simplistic– clear picture—can you see it? Congress cannot! White House cannot!
Each of 10% own $7 of net wealth and each of 80% own $0.18
Each of 10% own $7 of financial wealth and each of 80% own $0.09
Each of 10% take $5 of individual income and each of 50% take $0.16
$7 to 18 cents ratio: 700:18
$7 to 7 cents 700:7
$5 to 16 cents 500:16
Is that not a picture of Third World Country?
Is that not a picture of England in End of Empire?
Is that not a picture of a Dictatorship
I cannot paint a clearer picture but sadly our president is too busy preaching to his choirs
The members of congress are too busy counting $$$$$$$$$$$$$ from Wall Street.
Ministers of America $$$$$$$$$ Got Your Tongues?
Where are our leaders? Counting $$$$$$$$$$$$$$$$$$$$$??????
If my numbers are wrong advise
WRECKONOMICS II REV 7-12-10
COURTESY :WALL STREET OF AMERICA
LEADERSHIP VIA CONSERVATIVE POLICIES
THANKS TO RONALD REAGAN AND G W BUSH
From 1946 to 1980 the period was known as the GREAT MIDDLE CLASS YEARS
Each President worked to reduce the Debt from WWII.
In 1980 Debt was less than 1000 Billion and Government Spending was 600 Billion per year.
Reagan boastful Cut Taxes plus Cut the size of Government was a Trojan Horse, per his OMB Stockman, to cut Taxes for very rich.
Reagan was Governor for 8 years during which he increased Taxes on many items.
He increased the state revenues more than any predecessor.
By Far. Cutting Government? Ho Hum. Blarney Baloney once more.
Reagan policies increased Spending by 80% .
Debt by 186%.
9-30-81 Debt was $999.9 Billion and 9-30-89 at $1,859 Billion
Conservatives use Spin: It was Congress.
From 1930 to 1980 we spent $6066 Billion.
Reagan 8 Budgets totaled over $7000 Billion.
Congress? Ho Hum.
Blarney Baloney.
Congress returned Reagan 8 budgets for his signature with
fewer total dollars on them.
Haynes Johnson in “sleepwalking” said Reagan administration was “most scurrilous in history”
138 were investigated /charged/fined. More than total for all preceding Presidents in 20th century.
There were scandals in 27 Departments of the Federal Government.
Most involved money fraud.
The book “Ronald Reagan-There he goes again” documents over 300 incorrect statements by good old Ron.
Each President from 1945 reduced the Debt then came Spend-Borrow Reagan
to increase government by 80%.
THEN-Here comes GHW BUSH.
No braggart here. Nice Gentleman.
He increased Debt to $4411 Billion.
A 54% Increase.
Give him credit for increasing Tax on Rich due to out of control Deficits.
He had courage to put America first over ideology and party.
THEN-Pay your Way CLINTON ARRIVES
The Debt on 9-30-1993 was $4411 Billion.
The Debt on 9-30-01 was $5807 Billion.
An increase of $1396 or 31%
He ended with a surplus.
HERE comes old King of Spend-Borrow GW BUSH
Debt was $5807 Billion and on 9-30-09 it was $11,909 Billion.
105% increase.
Reagan-186%
Bush I-54%
Clinton-31%
Bush II-105%
Reagan-Bush I-Bush II did not pay down a penny of debt in 20 years
Those Three Famous Conservatives added $10,946 Billion to our Debt.
Three so called Famous “conservatives” promoted cut government
Up = Down to them.
INTEREST ON DEBT
9-30-81 to 9-30-09 we paid $8400 Billion in Interest.
87% Interest Paid on Debt incurred by the Famous 3.
Is it not possible(no) that without Reagan + Bush Tax Cuts we would enjoy a Surplus?
REDISTRIBUTION DOWN TO MIDDLE CLASS
Increase Unearned Income Tax to 40%. Make Gamblers pay.
Increase Top Income Tax Rate to 40%
Increase Estate Tax big time big time biggie
Eliminate Loopholes on Corporate profits—Set a Minimum
2008 -16% average payment-(top rate 35%)
In 2003 distribution of corporate profits by CBO report revealed
Bottom 80% of Income earners got 8%–Top 5% got 67%—Top 1% got 49%
2009 Tax Return of Exxon pays no tax on billions in profits. Wrong. Sad.
2007—Exxon paid no tax. Got a Refund.
2010—Exxon Profit 45 Billion. Let us see if pay a tax?
Renew Revenue Sharing to return cost to rich from middle class
Clarence Swinney
Political historian since 1991 on Reagan-Clinton-Bush II administrations.
Lifeaholics Of America — old n ugly but honest mad mad mad at Inequality in Amrica
Author-Lifeaholic-Work for a Life not just a Living—Workaholic to Lifeaholic
Author-forthcoming– title not decided—How Democrats created a Great Middle Class and Wall Street Rich Conservatives are determined to destroy it
Many Stats from 12-6-09 polidose.com article by John Lucia “The National Debt:Betrayal and Devastation
Comments and corrections welcome
DEBT REDUCTION
My Top Down Cost Reduction has saved many millions for mfg corporations.
Ranked by some top consultants as best in America ( not Japan).
Result of studying Japanese programs.
EXPENDITURES
It is simple. Go after 20% that are 80% of Expenditures and in Revenue
In expenditures go after 5 that constitute 8% of expenditures
Defense—Social Security—Medicare—Medicaid—Interest
So many waste time on PBS $$ and Coburn Waste Book of junk.
Let clerks handle 80% that make up many hundreds of items but only20% of $$$
Every Expenditure has a Patron = a battle.
REVENUE
Total National Income is 12.000B (rounded)
About 10,000 In Individual Income and 2000 in Corporate Profits
We have in recent years been taking “about” 20% of that total income
It takes 32% of “all” income to cover a 3800B budget.
We borrowed the difference.
In order to pay our way it takes 32%.
Flat 32%? Ha. Try selling that?
50% or 70,000,000 get 87% of Individual Income.
In 2008 paid about 10%. Try selling 32%?
Bottom 50% of 70,000,000 got 13% not enough to make a dent
Corporations had $1830 B Taxable Income in 2008 and paid $230.2B or 12.6% rate off a top rate of 35% which they use to scream cut our tax cut our tax highest rate in world. Is we dumb?
Those numbers are why we rank, in oecd nations, as third least taxed and corp rank second least taxed plus in bottom 5 on equality vs top 5 in 1980.
1945-1980, we Taxed Hi Income to Pay our way.. Hi growth years. Middle class prospered.
Reagan began redistribution with 60% individual tax cut for top1% who had 281% increase in after tax income in 1980-2007. Busheloon topped him.
Several studies show that were we to remove all deductions of individual and corporations
we would need to tax “only” 1800B for a Flat Tax of 15% on individual and corporate incomes.
Each deduction has a patron! Fight.
Reagan increased Spending by 80% (Bush 92%)and Debt by 180%(Bush 112%)
I ask only prove me wrong with facts – numbers not opinions I will change
clarence achmed swinney-olduglymeanhonestpoliticalhistorian lifeaholics of america
Clinton to Bush to Obama
Who Dug the Deep Hole? Who Fumbled the ball?
Numbers rounded
Clinton left Bush an 1800B Budget
Bush Left Obama a 3500 Budget
Clinton left Bush a 240B Surplus as far as the eye can see
Bush left Obama a 1400B Deficit as far as the eye can see
Clinton left Bush 5,700B of Debt
Bush left Obama 11,800B of Debt
Clinton left Bush a 237,000 net new jobs created per month
Bush left Obama a 31,000 lowest number since Hoover.
Clinton left Bush 17 Million Manufacturing Jobs
Bush left Obama 11 Million Manufacturing Jobs
Clinton left Bush a 10,800 Dow
Bush left Obama an 8028 Dow
Clinton left Bush Peace on Earth Good Will From Most Men
Bush left Obama Hell on Earth Two disastrous wars. Enmity of 1500 Million Muslims
Clinton left Bush a President most highly rated of any peacetime President in Asia, Africa, Europe.
Bush left Obama the most hated President in history
Bush left Obama an Housing Tsunami and Financial Volcano
Bush left Obama, in 2008, an 8500B Bail out commitment Yes! 8500 not just 700
Bush left Obama his Takeover of Fannie/Freddie, AIG, and first bailout of Chrysler
Bush increased maximum loan by Fannie/Freddie from $300,000 to $729,000
Bush increased FDIC maximum deposit coverage from $100,000 to $250,000
clarence swinney–political historian–lifeaholics of america burlington nc
author-Lifeaholic–Life story of Workaholic failure to Lifeaholic success
Best seller list in haw river nc population 200 and growing
comments welcome
If Clinton increased debt by 31% he didn’t end with a surplus.
If neither Democrats nor Republicans can handle money, why do you always give more power to them?
Is there nobody else in your 300 million people who can handle money? Some housewife, bringing her 5 children through school and university?
Really nobody?
Then you are really a poor country not worth living in.
Many of us know what’s wrong. We understand that emerging Asian economies are incompatible with ours. We also know it’s too late to fix this. China has more then $3 trillion in foreign reserves, and can decapitate the dollar at will. Most of the West will be wallowing in third-world poverty in not too many years, and there is nothing we can do about it. Blame the politicians for selling us out. Blame the multinational corporations for their economic treason. Blame yourselves for disrespecting your country and buying cheap Asian junk. Everyone involved will eventually get what they deserve. My only regret is that those of us who have railed against this for the last 25 years are being dragged into the dirt with you.
I grew up in southeast Texas, close to Beaumont, Orange and Port Arthur. Its an area that had several shipyards, and dozens of smaller welding shops.
In the early 1980s when most of our oil production was sent to OPEC, a couple of the shipyards shutdown. When the yards closed, somewhere around 10,000 people were laid off.
The effect was so devastating the the economy of southeast Texas, it might have taken 20 years to recover.
Now that what happened in the 1980s and compound it all across the nation.
On top of that, there is the loss of skilled labor. It can take a person years to learn how to weld and work metal. Tens of thousands of shipyard jobs have been lost, and that knowledge has been lost.
If the US ever goes into a war with China or Russia, we are going to have a rough time retooling to make weapons of war.
Not only have a lot of our factories been closed and demolished, but a whole generation of skilled workers has been lost.
Good comment.
Michael
Reading all these responses has been entertaining and, I must say,a little sad. Everyone seems to believe our current state is due to someone else mistakes or misdeeds. There is not many Americans who do not look for the lowest price when shopping. If the Chinese, Germans, Koreans, etc, produce a product that is perhaps inferior but lower in cost than an equivalent American made item, which would you purchase with your hard earned money?
The only possible solution to our current economic situation is to STOP purchasing foreign made items, ALL foreign made items. And bite the bullet and pay more for items made in the U.S..
While ideal, a balanced trade will never happen as long as the American public only thinks about their individual desires (which I never see an end to) and the politicians we elect continue to think only about themselves and extending their ‘public service careers’ instead of what is best for the people of this country.
DO YOU REALLY WANT TO DO SOMETHING ABOUT THIS? Simply STOP buying products made in China, Mexico, Germany, or any other country. Look at the label for the ‘place of manufacture’ and only buy if you find ‘Made in America’.(Look out Wal-Mart.) If you want to get really serious about it, investigate the ownership of the company that made the item and only buy from an American owned company located in America (a lot of companies from overseas are manufacturing goods in the U.S. and a lot of ‘American’ companies are making goods overseas and importing them under the guise of ‘American made’).
What is happening is not unique to America…it has happened to every Western nation. Why fills thousands of theses every year as more and more “minds” commence to fill the void of thinkers as collective intelligence turns more and more to “where is mine?”
The Industrial Age is less than two hundred years old and has produced an atonishing number of products utlilyzing the best of science (so far) and the best of manufacturing techniques. The real problem is that since the IA has become a machine age, humans who work in it and run it have become afraid of it.
The reaction to this is normal. Where has the human element gone? We should sit down and smell the flowers more. Is this really what Man is all about? The post IA has produced a fully international response in all this. Replace humans with robots and if that isn’t available or feasible, well, let other less educated humans do the constant monotony of work required. We set it in motion and they can continue it until they find others to do it for them.
This is what your complaint is all about. Having decided that the West is so advanced we should not labor, let others do it. We have created a society which thinks anything can be done by pushing a button, programming a sequence and that’s it…let’s have Fun! So long as the money was rolling about, easily accessed with credit cards etc, even without jobs, well what a great way to live!
So what has happened to make you all so angry, crying out against “elites” who have run it all into the ground? Well, you have been busy spending billions on entertainment, sports, work clothing made chic with other people’s name embroidered all over it, wearing workmen’s sandals and smoking…not cigarettes (they’re bad for you) but enjoying pot at five times the cost!
Not only do you blame the “elites”, you now are angry with China, a nation of peasants who only know work! You acquiesced as obsolete factories and machinery were sold to them. You didn’t want to work in them and getting rid of them was good to restore the environment! Nature could reclaim where once they were!
The only reason any of you are complaining now is that suddenly the money is hard to come by from parents, mentors, and getting a job is the alternative to making a fortune with the computer which suddenly does not make money for you but lo, you are not skilled for the jobs, you don’t know how to work.
Get with Life. So there are 15% of unemployed in the USA, but that leaves 85% still working! 30% of mortgages are underwater but that leaves 70% still above it. The real problem is not yours at all but the older workers. All the losses in investments have compromised their savings, their security for their old age. they can’t work through their problems again. they don’t have the health, the strength, the time to recoup!
No one under the age of 40 has a problem in ths country. You have education, an environement that recognizes ability and a financial structure that still disseminates wealth, albeit in small doses, to anyone who knows how to use it, enhance it. You even have parents who have paid off their mortgages and if you have to go home for a spell, will give you breathing space to come up with innovation to improve your lot!
You all have a choice…be the Master or be the slave…being a victim doesn’t get you any place…in fact makes you an “occupier”.
[...] Read more at The Economic Collapse Blog [...]
“Yes, a devastating financial collapse really is coming.”
I have seen what is important to Americans change thrice in my lifetime: (1) National Pride -> (2) Technology and Human Progress -> (3) Money -> (4) Political Power.
What we are going through now is trying to get those into political authority who can overpower those who came into power over the money system during that period when ONLY money mattered, who have done nothing but damage to our economy, quality of life, and survivability as a nation.
I am surprised to find so many articles which are really proposing nothing more than a throwback to the second era of ‘60s and ‘70s when technology and human progress were priorities on Americans’ list. That era was squashed by money-makers who raped the real economy and eliminated progress (which they made a dirty word). Now we are in a fourth era, trying to get the money-thieves out of power so we can stop them from destroying what little national foundation we have left.
Now we are in the fourth phase since I was born, and it is all about the political power to eliminate the money-thieves from social authority so we can recover from all the crises they have created.
Like the previous phase, which did not end until a single ideological group controlled all the money, this fourth phase will not end until a new ideological group eliminates them (money-thieves) from power and takes full political control. We are in the midst of that struggle now to establish the power of a new political authority.
With all of the new products on the market for your lifestyle, home and personal use, you may be wondering what the hottest new product is really, and how it rates among people who have tried it. No matter what kind of product you are looking for and what you want to find you can shop for and read about consumer goods reviews online.
It looks like the USA is being setup to be taken over at sometime in the future. You maybe surprised who the real enemy is….
[...] many jobs as they can out of the country. An average of 23 manufacturing facilities were shut down every single day in the United States last year. Even though our population is rapidly increasing, there are 10 [...]
In 1961 Dwight Eisenhoweer warned about the Military-Industrial Complex. Today, 50 years later, we now have the BCEMP Complex, i.e. banks, corporations, employers, military men and politicians. The banks get rich by printing fiat money and laundering drug money. The corporations get rich by fraud and lobby bribes. The military men get rich by waging endless wars and engaging in illegal drugs and arms tarde. The politicians get rich by bowing down to their financial masters. And employers get rich by outsourcing jobs, hiring H1-B visa workers and eventuially automating all these jobs. Meanwhile the Middle and Lower classes watch helplessly as jobs are destroyed, wages stagnate into wage slavery, student debt soars as students train for jobs that are destroyed while they are in school, professional guilds (i.e. law and medicine) reject 90% of all applicants, and prices rise while income drops. This is classic class warfare.
[...] we have accumulated over 50 trillion dollars of total debt as a nation, and our economic guts are being ripped out at a rate that is almost impossible to believe. The game is essentially over and we are headed [...]
If you knew how to survive with zero modern tools then you’d never worry about this stuff. Visit naturalskills.wordpress.com to learn how.
@Gonnor o’Malley: I worry not because I cannot survive, but because I have a love for my country and the people who live within it. I hate the evil ones in this nation who live only by destroying the weak. These are the true bastards, the villains, and contain more wretched bile in their souls than the most committed terrorist ever has. I could leave. I could flee to a land that is safer, calmer, less turbulent than this one. But that would be abandoning my people. I will stay and fight this, until the evildoers can no longer do so much harm.
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