Shocking Facts About The Deindustrialization Of America That Everyone Should Know 4



By Michael Snyder

Shocking Facts About The Deindustrialization Of America That Everyone Should Know


Abandoned-Packard-Automobile-Factory-Photo-by-Albert-Duce-300x300How long can America continue to burn up wealth?  How long can this nation continue to consume far more wealth than it produces?  The trade deficit is one of the biggest reasons for the steady decline of the U.S. economy, but many Americans don’t even understand what it is.  Basically, we are buying far more stuff from the rest of the world than they are buying from us.  That means that far more money is constantly leaving the country than is coming into the country.  In order to keep the game going, we have to go to the people that we bought all of that stuff from and ask them to lend our money back to us.  Or lately, we just have the Federal Reserve create new money out of thin air.  This is called “quantitative easing”.  Our current debt-fueled lifestyle is dependent on this cycle continuing.  In order to live like we do, we must consume far more wealth than we produce.  If someday we are forced to only live on the wealth that we create, it will require a massive adjustment in our standard of living.  We have become great at consuming wealth but not so great at creating it.  But as a result of running gigantic trade deficits year after year, we have lost tens of thousands of businesses, millions upon millions of jobs, and America is being deindustrialized at a staggering pace.

Most Americans won’t even notice, but the latest monthly trade deficit increased to 42.3 billion dollars

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  • Doug Nusbaum

    First of all Disqus sucks. It will not load on either my firefox or Chromium browser and Disqus offers no solutions other than wiping everything in my browser or booting in safe mode. This is being done on opera.

    anyway. That makes Disqus the comment method of choice for someone who may be able to read, but does not understand what they read, like chris. Do any of these statistics indicate declining industrial production?

    If this is a failing country then why is Warren Buffet buying railroads?
    The problem you see is that Chris is a professional fear monger selling stupid to stupid. If you are going to discuss a problem, it should be a real problem, not an imaginary problem

  • thetruthmaster1

    George W. Bush said “Outsourcing is a good thing.” But of course he also claimed, “The Iraqi’s oil was going to pay for the wars too.” Then Mitt says, “Corporations are People Too!!” So do you think NAFTA also destroyed America. These Criminal Policies caused the largest wealth transfer from the middle class to the richest 1%. The world is coming along just fine, just fine says the NWO Clan. The Rich got “WEALTHY”, the Middle class got DANCING WITH THE STARS.

  • photinacook

    To restore production, we need to slash BigGuv and restore the Rule of Law and our freedom.
    Free people are productive people.
    We have the empty claim of freedom, but the reality is cops stealing any money they find, the Guv itself breaking the law, and “Three felonies a day.”
    I would employ a lot of people myself if I dared, but honest employers can go to jail for failing to file paperwork that their lawyer couldn’t even mind in the morass of regulations.

  • freethedacks

    One word answer to this madness…tariffs. It’s how the USA earned money for the first 100 years. Free trade is an oligarchs dream – great for the globalists, bad for the people. Want job growth? Eliminate income tax, put tariffs of imports. Simple as that. Let the Chinese whine all the want. They’ve been eating our lunch for 20 years