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The Shocking Truth About The Deindustrialization Of America That Everyone Should Know

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

How 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...

The U.S. trade deficit climbed to the highest level in five months in February as demand for American exports fell while imports increased slightly.


The deficit increased to $42.3 billion, which was 7.7% above the January imbalance of $39.3 billion, the Commerce Department reported Thursday.

When the trade deficit increases, it means that even more wealth, even more jobs and even more businesses have left the United States.

In essence, we have gotten poorer as a nation.

Have you ever wondered how China has gotten so wealthy?

Just a few decades ago, they were basically a joke economically.

So how in the world did they get so powerful?

Well, one of the primary ways that they did it was by selling us far more stuff than we sold to them.  If we had refused to do business with communist China, they never would have become what they have become today.  It was our decisions that allowed China to become an economic powerhouse.

Last year, we sold 122 billion dollars of stuff to China.

That sounds like a lot until you learn that China sold 440 billion dollars of stuff to us.

We fill up our shopping carts with lots of cheap plastic trinkets that are "made in China", and they pile up gigantic mountains of our money which we beg them to lend back to us so that we can pay our bills.

Who is winning that game and who is losing that game?

Below, I have posted our yearly trade deficits with China since 1990.  Let's see if you can spot the trend...

1990: 10 billion dollars

1991: 12 billion dollars

1992: 18 billion dollars

1993: 22 billion dollars

1994: 29 billion dollars

1995: 33 billion dollars

1996: 39 billion dollars

1997: 49 billion dollars

1998: 56 billion dollars

1999: 68 billion dollars

2000: 83 billion dollars

2001: 83 billion dollars

2002: 103 billion dollars

2003: 124 billion dollars

2004: 162 billion dollars

2005: 202 billion dollars

2006: 234 billion dollars

2007: 258 billion dollars

2008: 268 billion dollars

2009: 226 billion dollars

2010: 273 billion dollars

2011: 295 billion dollars

2012: 315 billion dollars

2013: 318 billion dollars


It has been estimated that the U.S. economy loses approximately 9,000 jobs for every 1 billion dollars of goods that are imported from overseas, and according to the Economic Policy Institute, America is losing about half a million jobs to China every single year.

Considering the high level of unemployment that we now have in this country, can we really afford to be doing that?

Overall, the United States has accumulated a total trade deficit with the rest of the world of more than 8 trillion dollars since 1975.

As a result, we have lost tens of thousands of businesses, millions of jobs and our economic infrastructure has been absolutely gutted.

Just look at what has happened to manufacturing jobs in America.  Back in the 1980s, more than 20 percent of the jobs in the United States were manufacturing jobs.  Today, only about 9 percent of the jobs in the United States are manufacturing jobs.

And we have fewer Americans working in manufacturing today than we did in 1950 even though our population has more than doubled since then...

Manufacturing Employment

Many people find this statistic hard to believe, but the United States has lost a total of more than 56,000 manufacturing facilities since 2001.

Millions of good paying jobs have been lost.

As a result, the middle class is shriveling up, and at this point 9 out of the top 10 occupations in America pay less than $35,000 a year.

For a long time, U.S. consumers attempted to keep up their middle class lifestyles by going into constantly increasing amounts of debt, but now it is becoming increasingly apparent that middle class consumers are tapped out.

In response, major retailers are closing thousands of stores in poor and middle class neighborhoods all over the country.  You can see some amazing photos of America's abandoned shopping malls right here.

If we could start reducing the size of our trade deficit, that would go a long way toward getting the United States back on the right economic path.

Unfortunately, Barack Obama has been negotiating a treaty in secret which is going to send the deindustrialization of America into overdrive.  The Trans-Pacific Partnership is being called the "NAFTA of the Pacific", and it is going to result in millions more good jobs being sent to the other side of the planet where it is legal to pay slave labor wages.

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.

So what will this country look like when we lose tens of millions more jobs than we already have?

U.S. workers are being merged into a giant global labor pool where they must compete directly for jobs with people making less than a dollar an hour with no benefits.

Obama tells us that globalization is good for us and that Americans need to be ready to adjust to a "level playing field".

The quality of our jobs has already been declining for decades, and if we continue down this path the quality of our jobs is going to get a whole lot worse and our economic infrastructure will continue to be absolutely gutted.

At one time, the city of Detroit was the greatest manufacturing city on the entire planet and it had the highest per capita income in the United States.  But today, it is a rotting, decaying hellhole that the rest of the world laughs at.

In the end, the rest of the nation is going to suffer the same fate as Detroit unless Americans are willing to stand up and fight for their economy while they still can.


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Fri, 04/04/2014 - 21:06 | 4627046 dow jones 20000
dow jones 20000's picture

quel surprise!

Fri, 04/04/2014 - 21:10 | 4627064 markmotive
markmotive's picture

The collapse is speeding up as the Petrodollar system collapses

Documentary: Petrodollar - War Machine

Fri, 04/04/2014 - 22:16 | 4627221 R-502
R-502's picture

Wow, that one was hard to watch. Thanks

Sat, 04/05/2014 - 06:41 | 4627696 negative rates
negative rates's picture

Is Greece still a nation?

Sat, 04/05/2014 - 07:37 | 4627739 hansg
hansg's picture


Just remember: free trade is great. Not for _you_ as an individual, but if you're an oligarch it is fantastic. And you get a cheap iPad to enjoy while you are living on the streets, so it's all good!

Sat, 04/05/2014 - 12:14 | 4628041 SimplePrinciple
SimplePrinciple's picture

Trade deficits are always the bogeyman when unemployment spikes.  Yet the trade deficits are there when unemployment is low, too.  People pay no attention then.

The country gets poorer over time when it borrows and does not invest the borrowed money.  That is the real story.  You don't lose jobs, because the money returns to buy things like T-Bills.  You instead lose wealth because the money flowing back into T-Bills is not invested.  Government might call it investment, but its spending is rarely invested in productive enterprise.  GM, Solyndra, student loans, and other centrally planned investments squander the value of the money borrowed, as do give-aways like food stamps.  Eat now, pay later.

Unemployment is a problem, but it is caused by government not allowing the employment market to clear.  If it did, wages and benefits would be lower because of a dumbed-down workforce, but eventually the lower costs would attract investment that would raise standards of living once again.  It is how America became prosperous in the first place.

So the problem is not trade deficits or free trade.  Rather, it is too much borrowing in general and government interference in the labor market.  Getting rid of those would lead to re-industrialization and a higher average standard of living, albeit with less of a nanny-state safety net.

Sat, 04/05/2014 - 13:22 | 4628178 scraping_by
scraping_by's picture

Trade deficits are both the symptom and cause of the economy drifting down, as it has been since the Reagan years. This is real money leaving the national economy and financing the economies of foreign nations. Or capital has to be redefined as something other than retained earnings.

The earnings retained have to come from the earnings of the real economy, or they're just a bluff. Currently, much of the world buys our bluff either from custom or at the business end of a gun. Either way, our funny money is their real money. 

The only things we have they need are row crops and timber, and those don't need that many employees. The model of exporting raw materials and buying finished goods is historically the model colonial powers impose on their possessions. Life in a colony has never been very good outside the colonist's local henchmen cadre.

The mechanical analogy of allowing unemployment to clear is based on social snobbery. Regan's big patter about 'sunset jobs and sunrise jobs' always had a class undertone, defining manufacturing as old economy and writing software as new and improved. Offshoring can export the positions of skilled and educated workers just as easily as those in factories. Indeed, as many managers have discovered, their jobs depended on the blue collar workers they managed.

Even in a colony, there are police boys and local gang whippers who prosper. That's increasingly the situation in the colony that was once the United States.

Sat, 04/05/2014 - 14:18 | 4628296 SimplePrinciple
SimplePrinciple's picture

I don't disagree, and certainly think the USSA is doing its best to destroy the dollar.  Some elements of the USSA may think they are trying to save the dollar by worldwide war against any that dare go against it, but that strategy is neither promising nor honorable.  As for Reagan, he had his opinion about the jobs of the future and maybe he was not entirely correct.  The difference is he did not impose his opinions on the market, unlike today's centrally planned, subsidized, and rigged markets.

Sat, 04/05/2014 - 07:44 | 4627746 FredFlintstone
FredFlintstone's picture

No, Greece is the word.

(grease is the word, is the word that you heard)
It's got a groove, it's got a meaning
Grease is the time, is the place, is the motion
Grease is the way we are feeling


Sat, 04/05/2014 - 09:33 | 4627834 acommenter
acommenter's picture

Greeks have been around for thousands years and will be around for more.As "Modern" Greek STATE, I don't think so...

Sat, 04/05/2014 - 11:19 | 4627963 quebecgold
quebecgold's picture

By reductio ad absurdum, Bastiat argued that the national trade deficit was an indicator of a successful economy, rather than a failing one. Bastiat predicted that a successful, growing economy would result in greater trade deficits, and an unsuccessful, shrinking economy would result in lower trade deficits. This was later, in the 20th century, echoed by economist Milton Friedman.

Sat, 04/05/2014 - 05:25 | 4627665 doctor10
doctor10's picture

At the end of the day, the only reason for people coming to the USA from around the world, was the US Constitution and the Bill of Rights.

When enforced by the Rule of Law, those documents made capital worth more here than anywhere else in the world. For 200 years, the USA was the most fertile place in the world to sow money.

in the absence of rule of law supporting the freedoms guaranteed by those documents, it should suprise no one that capital is worthless in the USA today. 

There is no way, under those circumstances, capital will hang around where there are trillions of overhead liabilities waiting to prey upon it.

Sat, 04/05/2014 - 08:44 | 4627785 More_sellers_th...
More_sellers_than_buyers's picture

DING DING ! We have a winner DR.  Well said.

Sat, 04/05/2014 - 12:34 | 4628079 Totentänzerlied
Totentänzerlied's picture

"At the end of the day, the only reason for people coming to the USA from around the world, was the US Constitution and the Bill of Rights."

I've never met a foreigner nor an immigrant who shared that view. Not one. Oh well, I'd still be willing to accept some evidence for this claim, but I don't see any.

(Why do, and did, people really come? Economic freedom and economic opportunity. Duh. Lots of them still go back to their home countries when they retire, the better to enjoy their wealth.)

Sat, 04/05/2014 - 14:44 | 4628344 James_Cole
James_Cole's picture

It's even simpler than that. Why do people rob banks? Cause that's where the money is.

Why do so many people risk so much to become guest labour in Saudi Arabia, Qatar etc.? Cause of the US constitution? Lol gawd people are so deluded it's astounding...rule of law zzzzzzzzzzz

Sat, 04/05/2014 - 19:40 | 4628944 Totentänzerlied
Totentänzerlied's picture

Fair enough. In that case, the USA was just the biggest, most well-stocked, and for quite some time least-guarded bank around. Not being taxed out your ass (until the later 1900s) helped too.

Fri, 04/04/2014 - 21:11 | 4627070 ndotken
ndotken's picture

Americans are fat, lazy and stupid ... and getting fatter, lazier and more stupider with every passing day.  This will not end well.

Fri, 04/04/2014 - 21:14 | 4627074 Spitzer
Spitzer's picture

How many Americans have been called a seppo before ?

Fri, 04/04/2014 - 21:16 | 4627083 FredFlintstone
FredFlintstone's picture

Me. I heard that word in NZ.

Fri, 04/04/2014 - 23:52 | 4627396 PrecipiceWatching
PrecipiceWatching's picture

And how specifically are the denizens of whatever shithole you are from, any better?

Sat, 04/05/2014 - 06:23 | 4627684 zerocash
zerocash's picture

He probably is an American. A thinking person can see their own nation's people for what they are instead of believing that they live in "the best country in the world" yadda yadda. Most people are dumb as rocks and that's the case in all nations of the world.

Sat, 04/05/2014 - 09:30 | 4627829 PrecipiceWatching
PrecipiceWatching's picture

Well that's curious, because one of the most disgustingly popular memes on ZH is that Americans are uniquely stupid.

How about "stupid" Chinese, Aussies, Scandinavians or Canadians?   Never see that  here.

Most relevantly, among the "thinking persons" in the United States, we know it is the magnificent SYSTEM put in place by the prescient and wise Founders of our country that makes us unique, not any innate superiority in Americans.

 So shelve your INCESSANT, misplaced disdain for Americans, y'all.



Sat, 04/05/2014 - 09:41 | 4627842 goldhedge
goldhedge's picture

Is ur butt hurting?

Sat, 04/05/2014 - 09:46 | 4627848 PrecipiceWatching
PrecipiceWatching's picture

I don't play that way foof.

Why don't you elucidate that particular perverted sensation for us.

Sat, 04/05/2014 - 10:51 | 4627913 StupidEarthlings
StupidEarthlings's picture american and I can say without a doubt that MOST Americans are fat and lazy. .and they think tthey are entitled to every thing.


Sad yes..but thems the facts jack.


Granted ..its because they have been trained to be ignorant and not ask questions. Man, its gonna be rough for those that are blinded with ignorance. 

Sat, 04/05/2014 - 12:03 | 4628032 Stuck on Zero
Stuck on Zero's picture

Stop hanging out at pool halls and welfare offices Stupid.  Spend a day working with some roofers, cement contractors, electricians, or engineers. 

Sat, 04/05/2014 - 12:35 | 4628081 StupidEarthlings
StupidEarthlings's picture

For a hot sec I thought you were talkin to me..then I realized you must have just replied to my post accidentally. ;)


You see..Im faar from welfare or food stamps..I worked my way up since I was 16.. didnt graduate. .so I had to prove my worth. I worked.(I'm 43 now) I'm now an engineer in the aircraft biz, and EARN just shy of 100k. My girl makes 85. Not tootin my horn..but explaining where I stand.


If I was in some foodstamp line or whatever benefits they get..I would be livin in denial like the rest of them. THIS is why im pissed at the system..I work for mine..I am Not fat..and far from lazy. When it comes crashing down I have a lot to lose. The people who Earn nothing/ have nothing..or get their sht for free or by cheating ..stealing etc..THOSE are the ones that do not care to learn or undertand. Those are in fact the ones to blame.


You can be mad at the people committing the crimes all day long..but I would surmise that it's more the fault of the people that enable the criminals by denial..or ignorance. 

Its the PEOPLE that made this once great nation great..not the bankers/politician/ criminals.


It saddens me to see what the countys come to.

Didnt mean to offend anyone btw. Just calls em like I sees em.

Sat, 04/05/2014 - 14:48 | 4628354 James_Cole
James_Cole's picture

All depends on where you are in America, 300 million ffs.

Sure, some are fat and lazy, but the US also contains a lot of the smartest / hardest working folks around. Simply stratified.

Sat, 04/05/2014 - 14:26 | 4628312 TheMerryPrankster
TheMerryPrankster's picture

most will lead a short stupid life with no basis for comparison but whatever their chosen favorite television shows gives them.

They are not merely stupid, they have an insatiable apetite to be entertained and would not know how to entertain themselves if their very future depended on it, as it will.

even the semi elite waste their days in pursuit of paper profits that garner no more understanding of this world or the worlds after.

These are the last sunny days of Autumn, Winter will spare no souls, but first it takes the unprepared.

Sat, 04/05/2014 - 12:38 | 4628091 Leraconteur
Leraconteur's picture

Give me a camera crew and an afternoon in Brussels and I can edit the footage to make it appear like the Arabian Peninsula.

You Europeans actually believe those man in the street pieces that ask Americans questions to make them appear stupid?

They are edited to feed your arrogance and superiority complex. The crew don't even approach anyone who appears together or well-read.

Sat, 04/05/2014 - 12:46 | 4628100 PrecipiceWatching
PrecipiceWatching's picture


On the nailhead.

The smell of abjectly ignorant Euro (and others) condescension toward Americans is among the least appealing aspects of ZH.


Sat, 04/05/2014 - 13:36 | 4628208 scraping_by
scraping_by's picture

Unfortunately it's built into the system.

When my kids came home from elementary school talking about 'so-called Americans' I had to have a few talks with the staff. It just got worse as they grew.

It really comes from domestic identity politics. Anti-nationalism was shocking once, now it's self-destruction.

Fri, 04/04/2014 - 21:15 | 4627081 NoDebt
NoDebt's picture

A friday night article with the training wheels on and streamers on the handlebars.


Sat, 04/05/2014 - 08:57 | 4627795 BigJim
BigJim's picture

Yes, I suggest Mr Snyder research 'Triffin's Dilemma'... you want a reserve currency, you need a trade deficit... when you lose your reserve currency status, your currency floods home leading to currency devaluation and inflation proportional to the degree your currency was used by foreigners.

Defaults or hyperinflation or asset confiscation or a yummy mix of all three?

Keep your heads down, people, when this (finally) blows it's going to be a big one.

Fri, 04/04/2014 - 21:20 | 4627082 Ignatius
Ignatius's picture

The elite don't give a flying fuck about US jobs.  The Soviet Union collapsed and with it the only 'push back' against our own elite's attack on the middle and working class.  They didn't have to 'prove' our system superior anymore. Notice how worker's declines really accelerated since the 90s?  And we see the results.  Police state, corporate dominance and everyone else be damned.  When/if China and Russia fold there'll be NO countervailing force (if they are at all).  In brief, victory is defeat for the less than wealthy.  Obamacare is a prime policy example of this phenomenum.  We're collectively stuck sucking elite cock.

Plan/hedge accordingly.

Fri, 04/04/2014 - 21:22 | 4627091 LetThemEatRand
LetThemEatRand's picture

The only positive in all of this is that "elite cock" tend to be small.  It explains a lot about their behavior (and a little).   The funny thing is that like with all bullies, all we as a People need to do in order to take back our society is bloody their noses.  They become sniveling little bitches the moment their power is taken from them.  

Sat, 04/05/2014 - 00:51 | 4627471 Anusocracy
Anusocracy's picture

A host doesn't need the parasite for its survival but the parasite sure needs the host.

The problem with humans is convincing them to not WANT the parasite.

Sat, 04/05/2014 - 08:31 | 4627769 messystateofaffairs
messystateofaffairs's picture

They don't really want the parasite, just the free lunch the parasite baits them with, the parasite comes as extra.

Sat, 04/05/2014 - 11:58 | 4628021 Buckaroo Banzai
Buckaroo Banzai's picture

Unfortunately, the human race seems to have evolved in a such a way that psychopaths and sociopaths are marginalized and disposed of by actually putting them into positions of power. As a short term solution it is actually effective, as a long term solution it is disastrous.

Sat, 04/05/2014 - 13:46 | 4628226 scraping_by
scraping_by's picture

True enough. Social democracy started out a bottom up movement, and now it's presented as a gift from the elites. Ordinary people go along with it because they've been propagandized for decades, and to identify themselves with the elites. Used to call that a 'snob badge'.

Psychopaths and sociopaths present themselves as the rightful owners of everything and devalue other people's work. Perhaps they think the are.

Sat, 04/05/2014 - 01:28 | 4627516 kchrisc
kchrisc's picture

The ironic thing about the Soviet collapse was that there were industries available for the taking by the oligarchs, 'tribe' (look it up), and that will not be the case when the DC US collapses.


"Nothing but guillotines left."

Sat, 04/05/2014 - 03:23 | 4627612 August
August's picture

Aim small.  Miss small.

Fri, 04/04/2014 - 21:23 | 4627090 CunnyFunt
CunnyFunt's picture

Banks and .gov are hardening their bunkers. This accounts for most of the construction workforce. 

Fri, 04/04/2014 - 21:21 | 4627094 BigE_mks
BigE_mks's picture

ZH needs to talk about the cop that recently violated the Constitution in New Orleans! The footage that they have is unreal.

Sat, 04/05/2014 - 07:24 | 4627734 DaddyO
DaddyO's picture



Mon, 04/07/2014 - 11:05 | 4632265 fedupwhiteguy
fedupwhiteguy's picture

Yeah. Why can't you guys post a freakin link when you want to hijack a post. Here it is:



BTW, I read the whole article, didn't bother to watch the vid. THIS IS ONLY 1/2 OF THE STORY. I'd wouldn't go to war over this as I definitely feel that a man sitting in his house, on a Sunday, shouldn't have to hear two stoned aholes talking freakin loud and using foul language.



Sat, 04/05/2014 - 09:00 | 4627800 BigJim
BigJim's picture

Cops violate the Constitution every fucking day. Where in the Constitution does it say 'our' government can throw people into a cage for smoking the 'wrong' type of plant?

Fri, 04/04/2014 - 21:25 | 4627097 angryBuddhist
angryBuddhist's picture

I agree with everything that is said here as well as the majority of countless similar arguments pointing towards the inevitable decline and collapse of the USofA in the not too distant future. The only problem is that IMHO we are waaaaaaaaay past the tipping point where anything can be done to prevent it. The Titanic has struck the iceburg and the hull is rapidly filling with water and the sheeple are not paying any attention. Now is the time to stop pointing out the obvious and switch gears to a discussion of what is the best strategy for survival and not get sucked down in the vortex of the sinking ship. Anything less is wasting precious energy and time.

Sat, 04/05/2014 - 00:19 | 4627430 Atticus Finch
Atticus Finch's picture

Exact and precise.

Sat, 04/05/2014 - 00:27 | 4627439 PrecipiceWatching
PrecipiceWatching's picture

OK, I'll start.

This week I  converted $4K of Fiat into toilet paper, and a substantially larger amount into Canadian Gold Maple Leafs.


Your turn.....


Sat, 04/05/2014 - 03:26 | 4627615 August
August's picture

I converted a substantial amount of USD to HKD (gotta keep some fiat around).

Sat, 04/05/2014 - 18:49 | 4628804 newworldorder
newworldorder's picture

Your post is proving the sheeple theory. Only 3 suggestions and the thread has been hijacked by meaningless dribble.

My contribution.

Will purchase enough land in a rural county, close to farming family members that can sustain the entire family. Rural counties have a chance. Lone prepers will become the ultimate prey. Bet on your family first. If you dont have family, get aligned fast.

Fri, 04/04/2014 - 21:23 | 4627098 15horses1donkey
15horses1donkey's picture

Only way to improve a country is for them to go through the same developmental processes as have occured in the US/UK.

So it isn't about wage slaves - that is a myopic view. The wages are low today, but as the country industrializes they increase rapidly. And it isn't about exporting jobs, that is a greedy view. The jobs need to be created there for that country to improve.

No, it is just about the US making sacrifices for the betterment of another country. The failure is when US citizens don't understand that they need to create new industries with new jobs to get anywhere. This means innovation is a requirement for all US citizens if they want to stay relevent globally and prosper locally.

Sat, 04/05/2014 - 00:31 | 4627426 Atticus Finch
Atticus Finch's picture

So, it's the citizen's fault because they don't have the spare billion dollars to create a new industry? What dope are you smoking.

And what again was that industry that you recently started?

Sat, 04/05/2014 - 09:05 | 4627803 BigJim
BigJim's picture

No, it's the citizen's fault because they keep voting into power politicians who drive up the cost of employment.

Taxes, regulation, minimum wage laws... the security theatre that results from the blowback from all the US' overseas meddlings... all these things make capital unproductive in the US, unless it's being folded into a privileged industry immediately downstream of the Fed's money spigots (like defence or FIRE)... and even then it only works as long as the USD has reserve and petrodollar status.

Sat, 04/05/2014 - 13:56 | 4628253 scraping_by
scraping_by's picture

'Cost of employment' is a red herring. Snappy slogan, but comes out trivial on the spreadsheets.

Foreign nations subsidize their labor costs with local money to get USD in exchange. In the 80's an analysis of a South Korean televisions showed they price was lower than the cost of materials. That would make cost of labor negative. I don't think even Koreans pay to go to work.

It's called mercantilism.

Sat, 04/05/2014 - 00:59 | 4627481 James
James's picture

"This means innovation is a requirement for all US citizens if they want to stay relevent globally and prosper locally."


The basic gist of your post has truth to it but here's the BIG problem we in the U.S. face that those other Countries don't.


Excessive Regulations


Sat, 04/05/2014 - 08:11 | 4627756 Singelguy
Singelguy's picture

The EU takes first prize in terms of excessive regulations, however, the USA is catching up quickly.

Sat, 04/05/2014 - 09:27 | 4627828 UselessEater
UselessEater's picture

its also the primary growth industry in Australia (govt related jobs are growing not much else)


Sat, 04/05/2014 - 18:40 | 4628766 newworldorder
newworldorder's picture

No you have it wrong.  We have excessive illegal immigration.

Sun, 04/06/2014 - 18:14 | 4630611 James
James's picture

"No you have it wrong.  We have excessive illegal immigration."



Sorry cupcake, but if your income was thwarted by a non-english speaking, no skills, and no education individual you need only to look in the mirror for who to blame.

Strong back/weak mind gets you nowhere.

Sat, 04/05/2014 - 02:58 | 4627581 DeadFinks
DeadFinks's picture

So, we need to do a better job (for us) of farming the stupid people (for their own good) right?

Sat, 04/05/2014 - 02:58 | 4627582 DeadFinks
DeadFinks's picture

So, we need to do a better job (for us) of farming the stupid people (for their own good) right?

Sat, 04/05/2014 - 02:58 | 4627583 DeadFinks
DeadFinks's picture

So, we need to do a better job (for us) of farming the stupid people (for their own good) right?

Sat, 04/05/2014 - 08:32 | 4627771 onthesquare
onthesquare's picture

So what will this country look like when we lose tens of millions more jobs than we already have?

As a Canadian I get to go to Cuba and see, first hand, what we are missing.  These people live under heavy sanctions and do alright.  At the resorts we are exposed to young well educated, english speaking Cubans.  Most have a classical education but cannot apply this as they are limited in their opportunities.  I have been served beer by engineers and waited on by doctors.  Some have gone to Africa and Eastern Block countries to learn other languages and skills and have the opportunity to stay there to fulfill their careers.  They have tight knit families and emmigrating has to be given serious consideration as they will not see their loved ones for a long time if not ever again, which, they realize will be hard on them.

I realize that learning the language of the country I am visiting will not be retained so I get lazy and expect everyone I interact will to speak English.  How arrogant.  These people are proud.

On the other side of the street are the old, uneducated, have nots who barely make it through the month on a government hand out which gets smaller and smaller.  They have NOTHING! They cannot even begin to understand the phrase "living beyond their means".

Sat, 04/05/2014 - 09:10 | 4627806 BigJim
BigJim's picture

Most families in Cuba hope their children will grow up to be successful prostitutes, because they'll earn foreign currency and be rich. And no, I'm not kidding; check out Dominic Frisby's Prologue to 'Life After The State': 

Sat, 04/05/2014 - 14:05 | 4628275 scraping_by
scraping_by's picture

Prositution is the ultimate service job. Takes no capital, lasts a defined time, and the customer's going to want it again soon enough.

Fri, 04/04/2014 - 21:23 | 4627100 Seeking Aphids
Seeking Aphids's picture

The US has produced most of the world's greatest innovative corporations.....Microsoft, Apple, IBM, Ford, etc., etc., but these corps have evolved mainly into multinationals that produce in the cheapest locales and park their profit in tax shelters....they have flown the American coop. If the US is to remain a force globally it must find a way to repatriate the taxes that these corps should be paying. The tax revenue could then be used to improve US infrastructure and education...and to pay down the debt. If this isn't done the end game will be hollowing out of the USA and its relegation to the status of the country 'formerly known as King'. It will become an amusement park, hollywood studio, retirement home and place of residence for poor, formerly middle class and very wealthy....not much in between. 

Fri, 04/04/2014 - 22:10 | 4627206 dexter_morgan
dexter_morgan's picture

We are fast becoming a communist utopia. One class - poor, and a small very wealthy, very powerful group of overseers.

Sat, 04/05/2014 - 00:15 | 4627421 Atticus Finch
Atticus Finch's picture

I think Fascist.

Sat, 04/05/2014 - 03:22 | 4627611 A Nanny Moose
A Nanny Moose's picture

Fascism is just Socialism for corporate interests. Socialism is a path to Communism.

All collectivists look the same to me.

Sat, 04/05/2014 - 09:13 | 4627810 BigJim
BigJim's picture


Fascism IS communism, just with the means of production so tightly regulated by bureaucrats that the 'private' owners are basically acting as middle manages for the State.

Sat, 04/05/2014 - 12:21 | 4628055 Leraconteur
Leraconteur's picture

Socialism, Fascism and Communism are all updated versions of Feudalism.

Sat, 04/05/2014 - 08:24 | 4627764 messystateofaffairs
messystateofaffairs's picture

The problem with Fascism is it needs cutomers. As the population breeds down and can only afford toilet paper and soylen green how the privileged corps going to get business? Better we just go for straight slavery, it's more honest.

Sat, 04/05/2014 - 03:37 | 4627619 mc225
mc225's picture

--and to pay down the debt-- ... lol

Sat, 04/05/2014 - 07:52 | 4627750 Urban Redneck
Urban Redneck's picture

It would be better to simply stop treating Microsoft, Apple, IBM, Ford, etc. as "American" because they are NOT "American".


Sat, 04/05/2014 - 18:35 | 4628752 newworldorder
newworldorder's picture

You would need to add many more to the list, but I get your point.

Sat, 04/05/2014 - 10:06 | 4627862 Abaco
Abaco's picture

What would you prefer? The taxes that can be taken from those companies or the domestic jobs they could provide if they were not so heavily taxed and regulated here. 

Sat, 04/05/2014 - 12:21 | 4628053 Leraconteur
Leraconteur's picture

Income and revenue and taxes are a small part of the issue.

It's all the jobs that need to be in a country that matter most.

That is where the most money is.

Taxes only get a percentage. Place a facility in your country and you get it all. 

Fri, 04/04/2014 - 21:28 | 4627110 Jack Burton
Jack Burton's picture

This is why we print. This is why NATO enforces the petro dollar. This is why NATO is preparing war on Russia. Lose the dollar reserve currency and all is lost for modern finance capital and burger king America.

Sat, 04/05/2014 - 08:35 | 4627774 onthesquare
onthesquare's picture

Is it that obvious?

Sat, 04/05/2014 - 18:33 | 4628744 newworldorder
newworldorder's picture

Not to most, otherwise there would be "discussions on the streets" and the halls of Congress.

Fri, 04/04/2014 - 21:37 | 4627132 ginunn
ginunn's picture

The graph unfortunately is meaningless. You need to show it as a ratio or percentage of total workforce or population or something that allows the inclusion of the impact of population growth. Try it.

Fri, 04/04/2014 - 21:57 | 4627166 ebworthen
ebworthen's picture

Do you mean producing something that lasts 20 years or a burger that lasts 24 hours before it is in the sewer?  I think you mean "worse"...?

Please elucidate.

Fri, 04/04/2014 - 21:43 | 4627148 pankowboy
pankowboy's picture

I began working in a real factory, one making ball valves, in 1973. Doing so paid for my college tuition, which peaked in 1976 at 3,600$. That factory closed long ago, the production shifted to Asia. In the intervening 41 years my career has taken me through perhaps 150 or 200 manufacturing facilities all across the US. Most are closed. Those that remain are on under siege or in some way wards of the State. I assure ZH readers that what we have lost is profound and not coming back.

Sat, 04/05/2014 - 01:21 | 4627507 yogibear
yogibear's picture

"what we have lost is profound and not coming back."

Exactly! The $5,000 suits on CNBC can rant about manufacturing coming back but it's BS. Especially with Obamacare. Even the cheaper cost in the south isn't enough. 

 Fruit of the Loom Closes KY Plant, 600 Lose Jobs.

The company is planning on taking the plant’s textile operations to Honduras.


Fri, 04/04/2014 - 21:57 | 4627162 ebworthen
ebworthen's picture

Sold out.

What more do you need to know?

Thanks Washington and Wall Street, for nothing.

I look forward to:  the riots, the hangings, the shootings, the jumpings.

Sat, 04/05/2014 - 02:49 | 4627573 SubjectivObject
SubjectivObject's picture

Here's to hoping the correct asshole cohort catches the desired comeuppance.

Let's pay attention to where they may cloister themselves.

Sat, 04/05/2014 - 06:43 | 4627700 negative rates
negative rates's picture

Who needs a job?

Sat, 04/05/2014 - 20:49 | 4629063 August
August's picture

>>>I look forward to:  the riots, the hangings, the shootings, the jumpings.

The final rule:  if this is your first time getting out on the ledge, you have to jump.

Fri, 04/04/2014 - 21:54 | 4627168 JR
JR's picture

Obama tells us that globalization is good for us and that Americans need to be ready to adjust to a "level playing field"

Economist Dr. Paul Craig Roberts explains how the greed of globalism has concentrated the risks and wrecked the prospects of nations, endangering all the economies of the world, and outlines in detail How the (US) Economy Was Lost. Here are exerpts:

The proverbial hit the fan when Soviet, Chinese and Indian socialism collapsed around 1990, to be followed shortly thereafter by the rise of the high-speed Internet. Suddenly, American and other First World corporations discovered that a massive supply of foreign labor was available at practically free wages.

To get Wall Street analysts and shareholder advocacy groups off their backs, and to boost shareholder returns and management bonuses, American corporations began moving their production for American markets offshore. Products that were made in Peoria are now made in China.

As offshoring spread, American cities and states lost tax base, and families and communities lost jobs. The replacement jobs, such as selling the offshored products at Wal-Mart, brought home less pay.

"Free market economists" covered up the damage done to the U.S. economy by preaching a New Economy based on services and innovation. But it wasn't long before corporations discovered that the high-speed Internet let them offshore a wide range of professional service jobs. In America, the hardest hit have been software engineers and information technology (IT) workers.

The American corporations quickly learned that by declaring "shortages" of skilled Americans, they could get from Congress H-1b work visas for lower-paid foreigners with whom to replace their American workforce

Chasing after shareholder return and "performance bonuses," U.S. corporations deserted their American workforce. The consequences can be seen everywhere. The loss of tax base has threatened the municipal bonds of cities and states, and reduced the wealth of individuals who purchased the bonds. The lost jobs with good pay resulted in the expansion of consumer debt in order to maintain consumption. As the offshored goods and services are brought back to America to sell, the U.S. trade deficit has exploded to unimaginable heights, calling into question the U.S. dollar as reserve currency and America's ability to finance its trade deficit.

…The pressure of jobs offshoring, together with massive imports, has destroyed the economic prospects for all Americans, except the CEOs who receive "performance" bonuses for moving American jobs offshore or giving them to H-1b work visa holders. Lowly paid offshored employees, together with H-1b visas, have curtailed employment for older and more experienced American workers…

Ladders of upward mobility are being dismantled by offshoring, while California issues IOUs to pay its bills. By shifting production offshore, offshoring reduces U.S. gross domestic product. When the goods and services are brought back to America to be sold, they increase the trade deficit. As the trade deficit is financed by foreigners acquiring ownership of U.S.assets, the change in ownership means that profits, dividends, capital gains, interest, rents and tolls leave American pockets for foreign ones


The demise of America's productive economy left the U.S. economy dependent on finance, in which the United States remained dominant because the dollar is the reserve currency. With the departure of factories, finance went in new directions. Mortgages, which were once held in the portfolios of the issuer, were securitized. Individual mortgage debts were combined into a "security." The next step was to strip out the interest payments to the mortgages and sell them as derivatives, thus creating a third debt instrument based on the original mortgages…. (And we all know how that worked out...)

Fri, 04/04/2014 - 22:07 | 4627197 dexter_morgan
dexter_morgan's picture

The demise of America's productive economy left the U.S. economy dependent on finance, in which the United States remained dominant because the dollar is the reserve currency.

Hence, why we would be willing to go to war over petrorubles.

Fri, 04/04/2014 - 22:33 | 4627263 windcatcher
windcatcher's picture


In the old days (30 years ago now), we had a Free Enterprise System with competitive markets. “Free” from monopolistic corporations and “Fair Trade”, where small business flourished and made the great “American Dream” (you can work hard and be successful) and the right to “Self Determination” (freedom of the people to choose their own government and not be controlled by another country) possible.


The Free Enterprise System is Capitalism that can only flourish in a Democratic Representative Republic (overthrown).


Free Trade” is global Empire of multinational corporations merged with government which is defined as “Fascism”. Today in the USA, we live in and are governed by a Fascistic global Empire.


Free Trade is not Free Trade, it is freedom of the multinational corporate Fascist Empire to steal whatever they want, from whoever they want, and do it legally. The American military (and paid killer mercenaries) serve their wishes throughout the World.


Do you want “Free Enterprise Capitalism” economy or a global Fascist “Free Trade” monopolistic economy? –-Debt Slave. Ha. Ha.


Do you not understand that Thomas Jefferson, the revolutionary and contributing writer of our Constitution, meant that THIS nation should be free to our own free enterprise economy protected from corporate monopoly with a Democratic Representative Republic?


Fri, 04/04/2014 - 23:43 | 4627380 JR
JR's picture

You've cut to the chase. As Bastiat would call it, "legal plunder." As Jefferson would call it, "tyranny."

Sat, 04/05/2014 - 11:10 | 4627942 hardcleareye
hardcleareye's picture

"Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.[1][2] Crony capitalism is believed to arise when business cronyism and related self-serving behavior by businesses or businesspeople spills over into politics and government,[3] or when self-serving friendships and family ties between businessmen and the government influence the economy and society to the extent that it corrupts public-serving economic and political ideals."

Sat, 04/05/2014 - 14:38 | 4628331 JR
JR's picture

“The Italian dictator Benito Mussolini is often quoted as having said that ‘fascism should rightly be called corporatism as it is a merger of state and corporate power.’ He should know, he invented the term and the concept. Italy’s anti-worker, union-busting corporations loved him as much as most 1930s German corporations loved and supported Hitler (and the Bolshevik bankers loved and supported Lenin and Stalin, i.e., Marxist Communism). -- The Powers and Abuses of America’s Mega-Corporations – Dr. Gary G. Kohls, Global Research, March 04, 2014

(italic insert mine)
Sat, 04/05/2014 - 17:37 | 4628655 lotsoffun
lotsoffun's picture

jr - i like curry just like everybody else.  but - i'm in nyc - and the h1b is OUT OF CONTROL.  and toronto in canada is the same thing.  STOP H1B VISAS!!!  STOP.  STOP.  STOP.  people here can do the work.  the .gov and .corp is killing the american workers, offshore AND ONSHORE.


Sat, 04/05/2014 - 18:27 | 4628727 newworldorder
newworldorder's picture

I am sympathy and agree with your comments. Very few people know what is behind the H1B curtain and they are not talking.

Politicians do not know, workers other than high tech, do not know. The people who know, run the HR Departments and hire the lawyers that bypass American Labor Law to hire the H1B and later convert them to Green Card carrying employees.

American workers are so clueless on so many levels - that it is frightening. It is our fault really. We keep pulling the same D and R levers at elections, expecting change. We are the most shallow of countries on the planet.

Tue, 04/08/2014 - 19:31 | 4637419 lotsoffun
lotsoffun's picture

newworldorder - i hope you see this, it's much later in the week.  i go to my small cafeteria, and they are up to $175,000 base now for h1b at my company in new york.  you can't find somebody american to do simple developing?  it's out of CONTROL!  and how can the state dept. approve this?  or labor board.  something is going on, and i would love to know who is doing the deciding.


Tue, 04/08/2014 - 19:31 | 4637420 lotsoffun
lotsoffun's picture

newworldorder - i hope you see this, it's much later in the week.  i go to my small cafeteria, and they are up to $175,000 base now for h1b at my company in new york.  you can't find somebody american to do simple developing?  it's out of CONTROL!  and how can the state dept. approve this?  or labor board.  something is going on, and i would love to know who is doing the deciding.


Fri, 04/04/2014 - 22:13 | 4627214 R-502
R-502's picture

Its a little late to leave, so better ride the rollercoaster the best you can.....stack faster.

Fri, 04/04/2014 - 22:26 | 4627245 tony bonn
tony bonn's picture

the ziocon rothschild whores have deindustrialized america because they have designated china the leader of the new world fucktards who have been voting republican and democrat have gotten what your stupid asses deserve.

Fri, 04/04/2014 - 22:59 | 4627313 The Joker
The Joker's picture

Intentional deindustrialization, yes.  Designated China the leader, no.

Club of Rome.

Climate Change.


Sat, 04/05/2014 - 08:42 | 4627781 onthesquare
onthesquare's picture

When Rome lost all its wealth it was bought by a rich senator.

Now where would that senator have gotten all his money?

history repeating

Fri, 04/04/2014 - 22:38 | 4627271 Polymarkos
Polymarkos's picture

If we do not fight for what is ours, it will not long be ours.



Fri, 04/04/2014 - 22:57 | 4627306 The Joker
The Joker's picture

All going according to the plan.

Sat, 04/05/2014 - 06:05 | 4627671 johny2
johny2's picture

it is part of the game. any movie about making contract with the dark side involves scheme where they find out they were tricked.

usa will go through some very hard times, and the rest of the world will cheer the new order thinking they are being freed.

the jews in usa who had nothing to do with mic and wall street will be blamed toghether with ones who had ( the rothschilds etc). 

the only chance for usa is through pacifism and forgivness.

just a theory ofcourse, i am far from knowing the gran plan.

Fri, 04/04/2014 - 23:17 | 4627346 rsnoble
rsnoble's picture

No worries though just get a public gov't job and keep increasing taxes and selling peoples shit to save your own sorry fucking ass.

Fri, 04/04/2014 - 23:19 | 4627348 rsnoble
rsnoble's picture

Putting things in perspective i'm only going to be here for another 20 years at most.

Thank god.

Sat, 04/05/2014 - 00:26 | 4627438 cro_maat
cro_maat's picture

Ah.. But when you come back for your next life you will be pretty depressed by the prison you didn't dismantle.

On the other hand you may be a practicing Alchemist and will be stepping off the wheel of Samsara in 20 years. If so, then congratulations but don't forget to teach the rest of us how to escape the Matrix :)

Sat, 04/05/2014 - 00:35 | 4627449 PrecipiceWatching
PrecipiceWatching's picture

I guess having no children makes it a lot easier.

I grieve for my kids and still unborn grandchildren.

Sat, 04/05/2014 - 00:23 | 4627436 shutdown
shutdown's picture

WTH?  No list? 

Sat, 04/05/2014 - 00:43 | 4627460 user2011
user2011's picture

The biggest problem is not the outflow of manufacturing jobs.   The biggest problem is the ridiculously high cost of education.   Young people these days can not afford to get their degree.   And without the higher education, how can they compete ?   

Manufacturing job will eventually replaced by automations.    Even factories worker in China and developing world are being replaced by robots and machines

Sat, 04/05/2014 - 07:21 | 4627730 Singelguy
Singelguy's picture

It is not just the high cost of education but the declining quality of that expensive education. Colleges and universities are offering courses like the Psychology of Lady Gaga's Fame, just to attract students to their campuses where they can be bled dry. Many graduates can barely read or find Washington on a map. There is a direct correlation between the dumbing down of America and the crumbling economy.

Sat, 04/05/2014 - 18:12 | 4628703 newworldorder
newworldorder's picture

I can only guess at your age by your remarks. Your short term perspective will not serve you well. Manufacturing was the linchpin of the US economy, by providing good paying jobs for millions. For those of us who entered the workforce in the 1970's and earlier, it is difficult to explain economics to others.

Technical obsolescence, financialization via mergers, various trade pacts with Mexico, Japan, China, India etc., have killed the US economy as it was at the time. This a small sample of American Industry employing thousands no longer in the business of manufacturing. And please no comments on the inevitability of the business cycle. These businesses were mostly destroyed at the alter of OPEN TRADE.

American Textile Industry, American Computer Components Industry, Steel Industry, Ship building Industry, Machine tools Industry, Heavy Construction Industry etc..

There was a time when American Corporations had to compete for the services of American Labor. One of my first jobs after college was with a company who had an on premises workforce of 9800 people working in one location. We opened a 3 shift fully staffed hiring office to be able to interview workers from other companies that worked multiple shifts and could not only come in during day work hours. That is labor competition, with rising wages to attract the best.  What we have today is joke on us all. The joke however, may be on the older workforce who are currently working, - for we remember what has been lost forever. Most current workers have drunk the Political cool-aid and could not find their economic enemy even if a photograph was handed to them.

Sat, 04/05/2014 - 00:45 | 4627464 robertocarlos
robertocarlos's picture

3.28 trillion.

Sat, 04/05/2014 - 01:07 | 4627496 ToNYC
ToNYC's picture

Different story if Detroit went for top quality and better. It took a dive for the short end money; a one-way trip to Palookaville.

Sat, 04/05/2014 - 06:46 | 4627705 negative rates
negative rates's picture

Yea, right next to Phoenix.

Sat, 04/05/2014 - 03:21 | 4627609 NuYawkFrankie
NuYawkFrankie's picture

After the De-industrialization comes the De-population.

And guess what?  You're on The List.

Sat, 04/05/2014 - 03:43 | 4627622 trader1
Sat, 04/05/2014 - 04:33 | 4627629 NuYawkFrankie
NuYawkFrankie's picture

Quite. Maybe on the "other side" old bean 

Sat, 04/05/2014 - 03:45 | 4627623 TheRideNeverEnds
TheRideNeverEnds's picture

Its over, America is finished.


Wait till we actually have some sort of real problem, the FSA will burn this mother to the ground.  


Sat, 04/05/2014 - 06:38 | 4627693 Incubus
Incubus's picture

I was never too attached to begin with.  I'm a gen Y'er, but I always had a gut feeling this place was going to shit.


You don't get attached to someone on their death bed.  I made my peace long ago.  It's time to bury this bitch. 


Sat, 04/05/2014 - 07:13 | 4627727 inky
inky's picture

Americans have got too used to and have enjoyed a standard of living & wealth the country has had for the past so many years.But times are changing and now they are starting to see a standard of living they only before have seen on tv (poor countrys).

Nothing lasts for ever.

learn to adapt to survive.

Sat, 04/05/2014 - 09:42 | 4627843 PrecipiceWatching
PrecipiceWatching's picture

You too, pal.

From whatever country you are dispensing your smug advice to Americans.

Sat, 04/05/2014 - 11:49 | 4627958 inky
inky's picture


My comment was meant as an observation & definately was not trying to be smug.To tell you the truth i honestly feel angry & sad for what the piece of shit american goverment is doing to its population.

Plus do you think ive got it easy where i live ? Nope its just as shit here too.But ive had no choice but to adapt cut down,no debt,living to my means & prepping so hopefully i will survive the next goverment/bank induced crash/financial depression.

We are all on zerohedge for a reason as a collective & as i see it WE ARE AS ONE !

nothing more than that.

Sat, 04/05/2014 - 20:59 | 4629084 August
August's picture

Being a practical people, 'Murcans learn from experience, not advice.

Over the last four-or-so decades, they've learned that achievement doesn't matter, deficits don't matter, and morality doesn't matter.  So, they sure don't need any stinkin' "advice".

Sat, 04/05/2014 - 08:09 | 4627753 messystateofaffairs
messystateofaffairs's picture

If America is already in this condition and the Petrodollar hasen't died yet, what will happen when it does? How is America to afford to sustain its offshore bases and very large military complex much less update them? Probably they will have to be used before they start to look like the shopping malls.

Sat, 04/05/2014 - 10:11 | 4627866 Cthonic
Cthonic's picture

Soviet Union left military personnel and assets stranded overseas in the aftermath of its collapse.  Many had to fend for themselves.  Ever heard of Viktor Bout?

Sat, 04/05/2014 - 08:17 | 4627755 22winmag
22winmag's picture

Never in the history of collapsing empires (or facist police states) has the citizenry been so well armed and so well informed. Before you pronounce the Republic dead and try to convince us the American patriot is a washed up, obese, media controlled zombie incapable of resistance, let's get real here.


Millions of heavily armed American patriots are well aware of the collision course between the Republic and the globalist demon cats from hell. Crash the system and armed American citizens rule the streets within 48 hours. If you believe any foreign or domestic army could effectively control even one major metropolitan area in a shtf situation, you are kidding yourself. An American insurgency in a shtf situation would make all others pale in comparison.


Sure, the free shit army may slaughter each other by the millions, but that is not the issue. It's the 3 percent that take up arms against the oppressor that matter most. Every day that passes, patriotic Americans have less to lose and more reason to fight. I pity any force that would attempt to occupy America. Martial law? Don't make me laugh. Targets... everywhere targets.

Sat, 04/05/2014 - 10:31 | 4627890 Cthonic
Cthonic's picture

22winmag, I understand your sentiments, however who does this 'three percent' consider to be their oppressors?  Would not most of those oppressors be out of state, or even overseas, and out of rifle range? How labile is this definition of oppressor, how open to skillful manipulation?  Finally, there is nothing physical to 'take back'~ the wealth hasn't been transferred, it's been destroyed (with the parasitic classes taking a few percent here and there en route to the incinerator).  IMO, the best way to fight any system is to simply withdraw consent, all the while remaining armed to the teeth!  It may not be fun minimizing one's tax dues, but it sure is funny watching them borrow to the moon attempting to make up the difference.  To think that they believe my heirs will pay these coerced debts back is laughable.  They, like myself, will just wave back with their middle fingers.

Sat, 04/05/2014 - 09:19 | 4627821 GubbermintWorker
GubbermintWorker's picture

Geez, what buzz kill.

Sat, 04/05/2014 - 09:45 | 4627846 Last of the Mid...
Last of the Middle Class's picture

Massive adjustment to our standare of living is baked-in now. The question is who pays for what and when. The whole game now is about insulation, insulation from what is coming, 401k grabs, social security removal, health care system job markets completely destroyed. Last week on Fox there was a conversation about the huge revival of manufacturing in the US. I nearly drove my car into a ditch I was laughing so hard. Monetization to cover horrible economic decisions has happened and is here to stay. Anyone remember Perot warning of a "giant sucking sound" if we went down this path? Well here it is. Enjoy

Sat, 04/05/2014 - 10:13 | 4627869 roadhazard
roadhazard's picture

Those $35,000 dollah a year jobs are going to look damn good shortly.

Sat, 04/05/2014 - 10:36 | 4627894 RaceToTheBottom
RaceToTheBottom's picture

The biggest problem with the dis-industrialization of the US is that middle class cannot live by no-knowledge service industry jobs.  And most people and most public do not want to and don't havethe skills to be the worlds managers.

There really does not appear a good way out, without a total reset.

Sat, 04/05/2014 - 17:34 | 4628648 newworldorder
newworldorder's picture

You have identified the ONLY way out.

Domestically, it will come when the treasury is no longer able to fund the approx 20% of US population (mostly urban) that comprise the majority of the free shi* army.

Internationally, it will come when the US military is no longer able to PROTECT sea lanes for trade and Western countries security. The Chinese Navy should have a  lot of fun taking over from the US. Wonder if they will ask the freeloader nations of the world for "security expenses?"

Sat, 04/05/2014 - 11:21 | 4627966 epwpixieq-1
epwpixieq-1's picture

'In the end, the rest of the nation is going to suffer the same fate as Detroit unless Americans are willing to stand up and fight for their economy while they still can"

There is a lot easier way, just stop consuming, A LOT MORE THAT ONE NEEDS, and consume only whatever you can by cash! IT IS THAT SIMPLE! This will break the entire cycle.

On the other side, maybe fighting is a lot simpler than stopping-of-the-insane/decreasing of the consumption, if this is the case, what does is say about the nature of our American (Dream) Philosophy. Either fight or over-consume, quite an enlightened philosophy. 

And to put it in a simple physical terms, for every (strong) action, the here is (strong) reaction. So, from that simply follows that unless American culture reverts from it illusion of "consumption == wealth", it will go in the history books as doomed one in its inception.


Sat, 04/05/2014 - 12:02 | 4628031 kurt
kurt's picture


It was a passive process powered by lust for material things. In fact it was YOUR FAULT because you like the big screen. You're an American Pig. Your order for things, your Iphone, for example, is the equivalent of a pink slip for your neighbor. 

Look no further for people like Robert Rubin, the Jason Scholars, Corporations, NGO's, committees in the United Nations, One Percenters, or other antiquated elite manipulators more pedantic than the Inquisition, with deep-seated hate for the common man only exceeded by greed and lust for power.

Nope, no-sir-ee, China JUST HAPPENED and there are no guilty parties except you and that Playstation.

Sat, 04/05/2014 - 16:06 | 4628488 mccvilb
mccvilb's picture

Don't Bogart that J, Kurt.

Ironic how your shallow post reeks of pedantry. Not all of us wasted our youth on X-Box or Playstation. I for one wouldn't be caught dead on either one.

Give me a wood rail Gottlieb or a King of Diamonds circa 1967.

Sat, 04/05/2014 - 16:56 | 4628577 kurt
kurt's picture

I could kick your ass on Captain Fantastic.

Sat, 04/05/2014 - 12:15 | 4628044 giggler321
giggler321's picture

Good luck yanks and the rest of America.  I'll watch from my arm chair - back here in the UK while already accepting selfdom, tyranny and the english monarchy rules.  Our mines are long gone which was basically the last thing they took before calling us a "service economy" and if history is anything to go by, you're f***ed like us

Sat, 04/05/2014 - 13:47 | 4628229 moneybots
moneybots's picture

"Unfortunately, Barack Obama has been negotiating a treaty in secret which is going to send the deindustrialization of America into overdrive."


Such is the nature of propressivism.

Sat, 04/05/2014 - 14:39 | 4628333 Loophole
Loophole's picture

As Walter Williams and others have pointed out, the trade deficit bugaboo is bunk. It's all just TRADE, something people do because each party to the trade benefits. If I can buy things from foreigners more cheaply than from other Americans, there is no reason for me not to do so. Americans who can't compete with foreigners can find another way to make a living, same as they do when some new technology comes along and replaces them.

Businesses are getting the hell out of here because this is no longer a free nation with a free economy. And protectionists like the author of this article are partly responsible for our demise.

The prosperity of the modern world is the product of production and trade. The more people doing it the better off we all are. There is no more justification for trade restrictions between countries than there is for trade restrictions among states, counties, and cities here.

The only exception is national defense.

Sat, 04/05/2014 - 16:23 | 4628518 mccvilb
mccvilb's picture

Agreed. Innovators don't stop innovating or inventors cease inventing. There are thousands of new problems every day beggaring for solutions and just as many old ones. First each and every one of us has to get off the sidelines and take back control of our lives.

Sat, 04/05/2014 - 15:49 | 4628463 Vin
Vin's picture

So to begin a turnaround, first get rid of the unconstitutional labor laws (the feds were never given authority over labor), get rid of the income tax which is the basis for collecting data on everyone, change the laws on corporations to reflect the fact that they're not people, impose some modest tariffs on all imports for revenue, and let's see what America can build.

Sat, 04/05/2014 - 18:20 | 4628712 Imminent Collapse
Imminent Collapse's picture

God dammit, an entire generation pumping gas, waiting tables...slaves with white collars. Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don't need. We're the middle children of history, man. No purpose or place. We got no Great War, no Great Depression. Our Great War is a spiritual war. Our Great Depression is our lives. We've all been raised on television to believe that one day we will be millionaires, movie gods, and rock stars. But we won't. We're slowly learning that fact and we are very, very pissed off. - Tyler Durden

Sat, 04/05/2014 - 18:40 | 4628767 noob
noob's picture

Wholly fuck!!!

Sat, 04/05/2014 - 19:30 | 4628884 bh2
bh2's picture


Just look at what has happened to manufacturing jobs in America.  Back in the 1980s, more than 20 percent of the jobs in the United States were manufacturing jobs.  Today, only about 9 percent of the jobs in the United States are manufacturing jobs.

There are also maybe 95% fewer agricultural jobs since the 1840's. Is that a bad thing? Should we melt down all the tractors and go back to horses and plows?

Industrialization is also taking the next stop in automation and many manufacturing jobs won't come back home because they don't exist anywhere in the world. That isn't to say there are none, but the percentage of the economy which is manufacturing has been very nearly the same level for many decades. Here's an article detailing the US history of service, agriculture, and industrial contributions to GDP:

The entire history of manufacturing (going back to the Stone Age) has been a process of steady improvement in technology to produce more and more goods utilizing fewer and fewer materials and less and less labor. Robotics is just the most recent phase in the elimination of labor. 3D printing is a most recent (and nascent) phase in reduction of materials. New materials not previously known or technologically possible are also now replacing older materials both heavier and only available by intensive mining operations. We can now build airplane wings which are stronger than their metal counterparts at a fraction of the weight. Is that a good thing? Yes.

The other day, there was a piece on TV demonstrating food preparation using 3D printers. Slower than a "replicator" in the starship Enterprise cafeteria, but still moving eerily closer.

The steady loss of employment in manufacturing isn't a new phenomenon. Because jobs were outsourced to other nations like China, what hasn't been obvious is that most of those were low skilled factory labor -- precisely the kind of repetitive jobs most vulnerable to automation. Many will be going away anyhow.

The challenge is what to do with the abundant surplus of labor which is unlikely to be engaged when there are three or more applications for each job available. We are told immigrants are taking jobs "Americans won't do".  Perhaps we should be asking why there is any job an American won't do.

Sat, 04/05/2014 - 19:15 | 4628886 mogul rider
mogul rider's picture

Who cares about the US

They were so yesterday. now they are just cockroaches on the pile of shit of life.


Asia is all the rage now

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