Warning, this is an emotionally charged alarmist rant.
I am no economist but I can see the near future with much clarity, and a potential future theoritially from whats going on today.
So the USA, decided to sell out its industry in the 70s, no more tvs or boomboxes, let's do other things! At the same time our gov't and car businesses let foreign countries dominate our auto industry. Then when Japan got money they bought up all sorts of US enterprises and natural resources (Japanese steel?) This is just an example however, because our oil dependence at the same time resulted in us sucking on Saudi tit to stay afloat and having them buy up our economy along with a bunch of other nations, and subsequently buying our government officials more or less.
Segway into late 80s and early 90s, our industry is ailing and diminishing, but our financial sector is still on top based on the post-bellum status world quo. Soviets fall, so we are unchallenged globally. This reinvigors our financial games. The USA exists and makes money hand over fist by playing financial games along with Western Europe at basically everyone's expense.
Part of our new-found wisdom, tells us...'WHY MAKE ANYTHING OURSELVES?!?! LETS JUST GET SLAVES IN CHINA TO DO IT AND REAP RECORD PROFITS!Ã??Ã?Â¢??
So we do that...
The IT boom occurs, and we are invigorated with a new industry that provides a temporal pillar to our substanceless economy.
The IT boom lasts as long as it takes for other countries to invest in C and Java books. So within 20 years, that work is going overseas as well. So then in the 2000s we are losing our domestic IT at the hand of our own companies fully or partiall defecting.
But we're still fine, because no Americans REALLY want to work anymore anyways, when you have this infinitely obese pinata everytime you buy a house than you can just bust open and eat the candy of whenever you refinance...
New American Way = Get 40k Neo-HS Diploma in some Skilless Humanity (Business, English, Psychology, ETCETERA), Get Desk Job, Get In Debt, Get Huge Amount Of Moneys Leveraging Debt ----> Create no value but carry much entitlement
So 2001 comes and someone drops a plane into a building. Big deal.
But our gov't makes it an excuse to go into an Asian landwar for the benefit of foreign powers and personal business interests.
So then late 2000s we are living off our military prestige and financial games that are held up by it. Unfortunately, our Financial Game blows up in our face, because we were reckless, we are no longer popular and there is no substance behind paper shuffling.
Unfortunately, for American people, our Asian Land wars we're never even really resource wars so, we didn't get ANYTHING out of it.
So that takes us to where we are now.
We have no real industry, our gov't is fat and spoiled, they are corrupted and controlled by foreign interests, our ppl are entitled, uninterested, lazy, and our economy has lost all its feet.
We have service industry and military...
So what do we do?
Our plutocrats, leverage out more easy money by robbing the tax payers and selling their life incomes to foreign powers.
This whole time we have been borrowing from China...and you don't think they have a game plan?
While we change our mind every 5 years, they have been on the same page for 20+ years.
They have taken Western money back when it had value, and built more and more infrastructure for their insular economy. They take their value and prestige and exploit the true wealth of the Earth, by going to Africa and colonizing for resource.
While our country invests in valueless endeavors and gives its money away for nothing.
Shits out stimulus plans to pay an obese pollywog to stand at a desk and do nothing, because apparently jobs just jobs will create value....even if they make NOTHING
ALL THE WHILE, CHINA IS WAITING.
Once their insular economy is robust enough, they ARE GOING TO JACK THE YUAN UP AND RUN SHIT.
Right now the Yuan is enormously undervalued...and there is NOTHING WE CAN DO, because
... We are afraid to make our products becuz a coffee mug would cost 25 bux....
So we won't ask today that they step the price up.
IT IS GOING TO HAPPEN ANYWAYS, WHEN CHINA JACKS THE YUAN IN 3-5 YEARS, HAVE FUN BUYING A TOOTHBRUSH FOR 20 BUX.
So while we bitch, and talk liberal policies & study Lesbo-African American literature etcs....we are watching our country fall to its knees...and WE ARE DOING NOTHING!
The tragedy is that there is nothing that can be done WITHOUT CULTURAL REVOLUTION.
For all of our problems political and economic are stemming from the disease within the mind and the spirit of our own people.
This is the....maybe...
So have fun in 15 years when the USA finally pops a logic error pulls a USSR and can't pay bills to its own military ( nearly happened on a state level last year)...then pulls a Yugoslavia and we have a full on race/religious/civil war, resulting in our country being reduced to a handful of republics ran by foreign powers. While anyone with half a brain is applying for a VISA to live in Germany.
And your daughters who can't get out are posting pictures of themselves on www.bridemeiguoren.us to be wives of the then 80 million strong Chinese male surplus.
So have fun guys. Let's just keep TALKING our way out of this future instead of DOING SOMETHING.