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America Is Rapidly Bleeding Wealth And Jobs: 28 Statistics About The Gutting Of The U.S. Economy That Will Blow Your Mind

Red alert! Over 40 billion dollars of America’s national wealth is being shipped out of the country every single month.  Our economy is being gutted and we are bleeding wealth and we are bleeding jobs.  This is a distress call.  Is anyone listening?  Thousands of our factories and millions of our jobs are being shipped overseas.  Over the past decade over 6 trillion dollars have been transferred into the hands of foreigners.  Our national government is so broke that they constantly have to go and beg those foreigners to lend us back some of that money in order to finance our exploding debt. The number of good jobs continues to decline and there are millions upon millions of my countrymen that are unemployed.  Can anybody help us? Mayday! Mayday! Mayday!

Sadly, the vast majority of Americans really are dead asleep on this issue.  They just continue to run out to the big retail stores and fill their carts with products made in China and yet they seem completely bewildered by the fact that the number of good jobs continues to decline.

Over the past decade, the number of middle class jobs has fallen by about ten percent.  There is a reason for this.  America is becoming poorer.  The economic pie is shrinking.  When we ship 40 to 50 billion dollars into the hands of foreigners every single month, that means that there is a lot less wealth for all of us to divide up.

Every single month, the U.S. ships in massive amounts of foreign oil and massive amounts of cheap plastic trinkets from places such as China which we greedily consume.  In return, we send them a giant pile of money.

This happens month after month after month.  You see, we always need more of their oil and more of their plastic trinkets.  They are more than happy to keep getting richer and richer.

Meanwhile, thousands of our factories and millions of our jobs continue to be sent overseas where labor is far cheaper.  Thanks to globalization, American workers much now directly compete for jobs with workers that are willing to work for less than a dollar an hour on the other side of the globe.

The dismantling of our economy is happening right in front of our eyes and most of our politicians are not doing a thing to stop it.

The following are 28 statistics about the gutting of the U.S. economy that will blow your mind….

#1 According to the U.S. Department of Commerce, the U.S. trade deficit for the month of March was $48.2 billion.  That was up from $45.4 billion in February.

#2 The United States has had a negative trade balance every single year since 1976.

#3 Between December 2000 and December 2010, the U.S. ran a total trade deficit of 6.1 trillion dollars.

#4 The U.S. trade deficit with China in March was $18.1 billion.  This is money that is not going to support U.S. businesses and U.S. workers.  If that money was actually going to our businesses and to our workers it would increase tax revenues.

#5 Since China entered the WTO in 2001, the U.S. trade deficit with China has grown by an average of 18% per year.

#6 During 2010, we spent $365 billion on goods and services from China while they only spent $92 billion on goods and services from us.

#7 Since 2005, Americans have gobbled up Chinese products and services totaling $1.1 trillion, but the Chinese have only spent $272 billion on American goods and services.

#8 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#9 According to a recent report from the Economic Policy Institute, between 2001 and 2008 the United States lost 2.4 million jobs due to the growing trade deficit with China.  Every single state in America experienced a net job loss due to our trade deficit with China during that time period.

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

#11 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

#12 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.

#13 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

#14 China produced 19.8 percent of all the goods consumed in the world last year.  The United States only produced 19.4 percent.

#15 According to the IMF, China is going to have the largest economy in the world by 2016.

#16 Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.

#17 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.

#18 Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.

#19 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 Last year, China produced 11 times as much steel as the United States did.

#21 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.

#22 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.

#23 According to one recent study, China could become the global leader in patent filings by next year.

#24 China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

#25 In 2010, the number one U.S. export to China was “scrap and trash”.

#26 Thanks to our exploding trade deficit with China, the Chinese have accumulated nearly 3 trillion dollars in foreign currency reserves.  That is the largest stockpile of foreign currency reserves on the entire globe.

#27 The amount of the trade deficit that can be attributed to foreign oil is at the highest level that we have seen since 2008.

#28 It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year.  Their biggest customer is the United States.

Our dependence on foreign oil is literally bleeding us dry.  Once we have burned up all of that foreign oil in our cars we are left with nothing.  But the people we bought all that oil from are still sitting on all that cash.

As we ship our wealth, our factories and our jobs out of the country, America is getting poorer.

That means that individual Americans are getting poorer.

According to one estimate, between 1999 and 2009 real median household income in the United States declined by 5.0%.

Today, over 44 million Americans are on food stamps and over 47 million Americans are living in poverty.  This is not an accident and it didn’t happen overnight.  Our economic policies are absolutely killing us.

This economic downturn has hit men particularly hard.  As thousands of manufacturing facilities have shut down, millions of blue collar workers have been dumped out on the street.  Most blue collar workers are men.

Since January 2008, male employment has declined by 4,932,000 jobs.

Ouch.

During 2010, only 66.8% of American men had jobs, which was a new all-time record low.

There are a lot of blue collar workers that are sitting at home on their couches today that are still trying to figure out what in the world happened to their good jobs.

There are now more than 6 million Americans that the government says have given up looking for work completely.  Most of them are men.

Sadly, in our society today most of the people that pursue higher education are women.  Today, 61% of all college degrees are earned by women.

Not that a college education is a ticket to success in today’s world. According to the Economic Policy Institute, the unemployment rate for college graduates younger than 25 years old was 9.3 percent in 2010.

In fact, the majority of all of our college graduates end up running home to Mom and Dad after they graduate.

According to a poll conducted by Twentysomething Inc., 85 percent of U.S. college graduates will move back home with their parents (at least initially) after graduation.  That is up from 67 percent back in 2006.

The truth is that there are not nearly enough jobs for everyone and that is a huge problem.

We have become a nation that consumes far more wealth than it produces.  That is a recipe for disaster any way that you cut it.

Until we have some fundamental changes to our trade policy, these long-term trends are just going to continue.  We are going to continue to bleed wealth, bleed factories and bleed jobs.

Tax revenues go down when factories shut down and when American workers are sitting at home on their couches.  This is a huge factor in why our federal, state and local governments are drowning in debt.  We have got to have more wealth creation inside this country or else we are going to continue to see our government debt problems get even worse.

If you walk into just about any major retail store today, what do you find?

You find loads and loads of products that have been made somewhere else.

I hope that you are enjoying “the low, low prices” because they come at a very high cost.

We once had the greatest economic machine in the history of the world but now it is being gutted like a fish.

If we continue on the road that we are on, the entire country is eventually going to become just like Detroit.

Is that what you want?

The Beginning Of The End - The New Novel About The Future Of America By Michael T. Snyder
  • William

    It is the disparity of wealth that ultimately will bring change. It may be peaceful, or maybe violent. In 2011, the disparity of wealth is as bad as the 1920s. In working 40 years at an average of $100,000 a year, an earner would garner $4 million in his/her lifetime, with probably 40% of that sucked away by one form of taxation or another. Today, there are MANY of the “elite” whose personal fortunes run into the hundreds of millions of dollars, and many with BILLIONS. These are the people the Republicans want to protect, and reduce their taxes. YOU, Mr and Mrs Average American have been bled dry by these criminals of Wall St. Sadly, Obummer is a total failure, and is totally under the control of these Khazar criminals who have milked the nation dry. Hey, how did you like the FED and the US Treasury Dept, through their Wall St agents, crushing the prices of silver and gold….mostly silver (from over $49/oz to about $35 today). These criminals who operate under the guise of “gubmint” do not want the peons to have gold or silver. They only want to prop up the funny money backed by NOTHING being cranked out from the unconstitutional Federal Reserve Bank. But, you do not care…..you only want to believe the phoney story of long dead bin laden’s death. Just as you believe the 911 lies.

    • Knews

      You are being very misleading. This class warfare has got to stop. The “tax cuts” include small businesses. 250k income to a small business is not elite. You have to have working capital; you can’t run a business with nothing left at the end of the day. If the “tax cuts” were for only billionaires I assure you republicans would be thrilled since theres only one conservative billionaire I know of. Please let’s stop letting the govt distract us with nonsense terms “the rich” “the poor”. We just need to get the federal government back in it’s original box.

      • asdf@asdf.tld

        You are both wrong. Totally elastic money supply is like a rubber band that that is fixed at one end to a stationary object, and stretched at the other end. The more capital one has, the more leverage they are extended, the more they can gamble, and as the government proved under Bush and Obama, there’s a safety net for wall street and the large fiscal entities.

        So while the average person has maybe $15k or $20k to invest, and won’t likely be extended any leverage greater then 2:1, banks will be allowed to leverage 5:1, 10:1, 20:1 …50 TO 1!!!! and higher. The bigger you are the more you’re allowed to gamble. And the public pays the price.

        The small companies are no exception. Small companies hoovered up BILLIONS in loans in the last decade, people who had no business running a business. And bankruptcy is just a giant blackhole for irresponsible behavior and foolish dreams. The rest of us get the bill.

        The only way to properly apply restrictions against the whole, at commensurate levels for all income/capital levels is to move back to a sound currency, and do away with all the safety nets that cause people, with big and small capital, to gamble when they shouldn’t. The side effects are a win win win. Only the most qualified people will take measured risks, and if they’re wrong, they lose. Period. This will squash tons of speculative investing, which causes volatile swings across all markets. It will reward the savers. Remember when this country used to be a country of savers? Now we’re debtors, and we devalue our currency so fast, that there’s no way that ANYTHING can be made in this country anymore at a competitive price.

    • pauly

      You understand 911 truth but don’t know the richest in congress are dems?

    • Parmalat

      You know what’s the basic problem of the U.S. today?

      The problem is that power is being shared by 2 faces of the same coin. There is no real alternative to power, whether Democrat or Republican – they had proven that they will follow the SAME AGENDA, maybe on different paths.

      But they all did the SAME sh*t: fighting useless wars overseas and tightening the rope around the necks of ordinary Americans and around the necks of ordinary people around the world, living in countries who support America.

      America should pass on to a multi-party system immediately and American people should pursue a real alternative to power – one more concerned with what’s happening inside the country instead of displaying their balls overseas.

  • wobbly-1

    The loss of jobs will create tension, desperation, and unrest. This will then allow the government to sweep away the last remaining rights we have and move to a total police control state. This economic decline is not by accident. We stood by with our ipods, DVD’s, and 2500 satellite channels and remained so self absorbed that we didn’t even notice that our America is gone and has been replaced by the control grid. Our society, as all great societies do, will crumble…

  • Gary

    29. We have the worst income/wealth inequality ever. Regardless of how you feel about this it is not sustainable. We need to tax the rich hard and start spreading the wealth.

    FYI-recent hedge fund manager guilty of fraud yet the republicans think they should only pay 15% on their capital gains income and goofs like Paul Ryan want to lower it further while cutting programs such as food share/WIC/Head start etc.

    • Jeffrey

      Spread the wealth? THAT is your solution? All that does is increase the power of the welfare state and, accordingly, increases the number of people who are perfectly willing to sit on their asses. I guarantee that your socialist/marxist “spreading the wealth” goal will result in continued decline of this once great nation and bring about violent class warfare. The producers will continue to “Go Galt” and whatever economy is left will grind to a halt.

      The ONLY viable solution is a flat tax or the Fair Tax PAIRED WITH cuts in federal spending to those items that are SPECIFICALLY a responsibility of the federal government according to the Constitution. Let entitlements and welfare become (appropriately) a function of the states and local governments.

      Until then, we have NO HOPE of restoring America. But, given that your cookie monster has a gun thereby insinuating that you support the theft of what you want rather than working for what you want, I don’t expect you to understand anything I just wrote.

      • Bonnie

        Jeffery are you believing the propaganda of Faux news?
        What these players are really saying is that WE The ELITE SUPER-WEALTHY DON’T WANT ANY MONEY GOING TO THE PEOPLE.
        ONLY TO US THE MULTI-NATIONAL CORPORATIONS.
        The children, the elderly, and our American students can go eat cake (small slices of course).
        There is enough money to serve everyone only the elite want it ALL for themselves.
        What money? Taxpayer money! Billions and Billions of it.

      • Guido

        I agree. The Fair Tax is an excellent idea. It’s been thought out over 2 decades with millons of dollars devoted to development, tested by economists, and it has been proven to be revenue neutral, or revenue positive. It would replace the massive, bloated, backwards tax system we have now. How can you defend a system understood by no one, not even its enforcers?

        You’re also right about the Constitution and fedgov spending. If you folks read the Constitution, which is the bedrock of everything else in this nation, you would see the fedgov spends far, far too much of your money on programs that are outside its scope of power. The fedgov has a short list of responsibilities, which it fails to conduct very well, if at all. How you can want the fedgov do more, like run your healthcare, when it can’t even set and follow a budget, is astonishing.

        Bonnie-if you’re going to attack Fox news, you better reserve some of that venom for all the other news agencies. Just cuz’ you agree with MSNBC, CBS, etc, doesn’t mean they aren’t blowing smoke up your rear end. Talk about ignoring the forest for the tree.

        Which elite super-wealthy are you talking about? Can you name them? Because I would like to know which ones are the bad ones, as opposed to folks like Warren Buffet, who is committed to donating nearly all his billions of dollars to charity, as announced last year. He also has at least 40 of America’s 400 billionaires committed to donating at least one half of their wealth to charity. That seems kind of hard to criticize, if you ask me. I can’t leave Bill Gates out-he donates a lot of money every year to charity.

      • Knews

        You nailed it, Jeffrey. (as a side note to the article, you have to take automation into account when tossing statistics around about losses of manufacturing jobs. I don’t know the numbers, but it struck me when reading this that the 1970-present timeframe included huge advances in technology.)

      • Allen

        Cut the Military Industrial Complex budget! It is absurdly huge! Don’t touch the medicare, medicaid or social security until that is done first! And if employees received their fair share of the profits it would help, but the majority of any production increases goes to the shareholders, not the producers!

    • asdf@asdf.tld

      you’re sir are a moron.

      first off. tax them all you want.

      they have more lawyers, more politicians in their pocket, and are buddy buddy with financial entities.

      John Kerry paid an effective 6% income tax. You dolt!

      If somehow you could get around all that and actually touch the rich, they’ll just leave.

      Many already have you dumb sonovabitch. What do you think happens when rich people leave? They take their companies with them.

      Have you noticed something in the last 30 years? No?! OK stupid. If you haven’t noticed companies taking their manufacturing andoperations overseas in massive numbers, then you’re dumber then you sound.

      Rich get super rich because of inflation, massively elastic currency, and the ability to use leverage to make huge gains …shitty interest rates compels the rich to gamble, as putting your money in a bank and letting it sit, …hell you might as well burn it, at the rate it’s devaluing.

  • mondobeyondo

    It’s nothing less than economic cancer.

    Cancer does not attack you from the outside. It kills you from the inside out, and many people don’t even know it until it’s too late. No one ever says, “I’ve been attacked by cigarettes! Tobacco is bombing my body, and I’m going to get lung cancer! Help!” If cigarettes tasted like ammonia, nobody would smoke them. But they don’t. It’s so deceptive, and so effective.

    Maybe that is why so many people are asleep. Keep smoking that economic debt cigarette, which will eventually bring on a massive debt cancer, which will kill us. But it feels so good right now!!

    The people who thought it would end in a giant military clash or nuclear war… little did they know, America would collapse by its own greed and arrogance, by the inside out. Pogo was right – the enemy is us. It’s our turn now it seems. Here we go, bouncing down the happy highway to hell (paved with good intentions, of course!!) It’s a well worn path. Ancient Rome, Greece, France, Germany, Great Britain (which was once so great, that the sun never set on the British Empire)… People never learn.

    When in Rome, or when you want to behave like ancient Rome, do as the Romans do. Even modern day Rome will do! Just look at Italy’s financial shape today.

    *sigh*

  • Colin

    No, it’s not what I want. But what choice do we have? We play the cards we are handed.

    • TessaC

      You have choice. All americans can stop the corruption at their STATE HOUSE. Make sure your town DOES NOT allow their debt to be taken overseen by ‘CITY MANAGERS’ who work for the international bankers. Make sure your locally elected SHERIFF will NOT impliment federal police programs because their office wants/ needs funding – Your Sheriff must stand behind the State’s Constitution Law. And, further, begin suggesting to your state Reps an alternative to international corporate banks. SEE North Dakota’s model: http://prorev.com/2009/03/how-north-dakotas-banking-system-could.html

  • Terry

    Those jobs will come back when wages in USA get low enough.

    Sadly, many Americans are becoming financially unable to “buy American”.

    I was a teenager in the 1970s. The American cars were rustbuckets before they were paid off. GM et al liked this because people bought new cars. That is the sort of thing that got the ball rolling..

  • Anonymium

    #6 During 2010, we spent $365 billion on goods and services from China while they only spent $92 billion on goods and services from us.

    Only that?

    #14 China produced 19.8 percent of all the goods consumed in the world last year. The United States only produced 19.4 percent.

    #17 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.

    I strongly suspect China have already bypassed the US as the world´s biggest economical power.

  • http://www.pathtoasia.com rhea

    We have growth in the one hand, however small, and increase in unemployment on the other hand. Is this not a case where the poor is getting poorer while the rich get richer? We need jobs for the poor, not more money for the rich. Whatever policies lead to this is not working.

    Outsource your job search to us. Premium job search assistance – http://www.jobwaltz.com

  • nick

    Sounds like Britain at the turn of the 20th century. It was once called the worlds workshop but lost its competitive edge to other nations( America, Germany). Its a game and now its your turn to hand over the dice.

  • Xander cross

    I agree with William and Gary on this one. Oh michael, good job on your interview on Russia today.

    • Admin

      Thank you Xander – I am amazed that anyone in the mainstream media (if you can call RT mainstream) would even notice what I am doing. I don’t really know what I am doing on these interviews so I just say whatever is on my mind. Hopefully all of our efforts will wake more people up in this country.

      Michael

  • pauly

    Today, someone on CNBC reported that $15,000,000 vistas are bought as soon as they come on the market.

  • handog

    “There are a lot of blue collar workers that are sitting at home on their couches today that are still trying to figure out what in the world happened to their good jobs.”

    That’s me! Before 2007 I was gainfully employed as a independent contractor, carpenter, home owner. I’m sitting on my couch watching Obama fighting for illegal immigrants !?

  • Jane
  • GlennT

    The business of China is Business. The business of the USA is War. As long as we are controlled by our own military industrial complex, the FED and its owners, and the global mega corporations who own our congress and senate, nothing will change.

  • Doug

    Breakdown of the Family=Breakdown of the Community=Breakdown of the Nation.

    We have no sense of “nationhood” anymore (thanks the socialist school system which teaches our kids all nations are somehow “equal”). It surprises me that anyone joins the armed services anymore to defend the U.S. What exactly IS the U.S. anymore?

  • Cyk

    So what?
    Buy american?
    Doesn’t work anymore.

    Face it: The party is over.

  • Golden Child

    There will most probably be massive riots in America in the very near future that will make the 1992 L.A. riots look like a suburban preteen girl’s slumber party. It doesn’t take much for Americans to start rioting. Last December, ghetto people in a Houston area mall were nearly rioting over the early morning release of an exclusive pair of retro Air Jordans ( A Chinese slave labor produced gaudy basketball sneaker that costs less than 10 dollars to make) . Last year’s poorly nationally publicized public outrage at the outcome of the Oscar Grant trial in Oakland in the form of rioting and looting was only a small sample of the carnage we may see on a much larger and national scale in the future. The L.A. riots occurred because of the generally f*cked up situation in the ghettos of L.A. at the time. People were living in a post-Reagan police state where tanks roamed the streets knocking down people’s front doors with no jobs surrounded by no businesses in their neighborhoods except Korean immigrant owned liquor stores peddling dirt cheap legal liquid crack to the desperate impoverished residents of the ghetto communities. Today, the situation is much worse than the early 90′s recession. Don’t be surprised to see the entire skyline of certain cities ablaze in fire and destruction at the hands of the desperate, dirt-poor, frustrated and disenfranchised in the coming days, weeks, months or years. The question is what will be the straw that breaks the camel’s back?

  • http://www.northerntruthseeker.blogspot.com Scuba Diver 13

    Read how Adolf Hitler escaped the crushing debt imposed on Germany by the Versailles treaty and how America can do the same.
    http://northerntruthseeker.blogspot.com/2011/02/more-real-history-revealed-real-reason.html

  • PamATX

    RON PAUL 2012

  • Ben Witz

    Just ****** this hellhole US. It doesn’t produce anything of value anymore. The only things we know how to produce are poverty, misery, welfare, and war.

    • Knews

      Really? Really? Ever traveled anywhere? Try Mogadishu, you moron. Sorry but this America is so awful crap is inane.

      There is a level of cowardice lower than that of the conformist: the fashionable non-conformist.
      Ayn Rand

  • http://freefood2gocoop.com Free Food 2Go

    If everyone would adjust their purchasing habits and buy American when possible, it would make a huge difference in helping the economy.

    Buy from small business owners. Support people around you that are in direct sales companies. Those purchasing changes add up.

    One such company is Free Food 2Go which is a new long term food storage co-op, that is based in Idaho and allows you to earn free food and cash back.

  • http://moneycrisisgameplan.com Money Crisis Game Plan

    Americans need to take pride in buying American made products, and better yet, buying products that are made in their state.

    This keeps the money here, instead of shipping it off to another country. It helps the economy and increases tax revenues.

    Get financial education from the Mike Dillard Elevation Group to learn how to protect and multiply your money during this economic crisis.

  • Joe Stalin

    This would NEVER have happened had we not imported the economic traitors that have strove mightily to export our “know how” under the Financial Times euphimism “Brain Circulation” and import millions of illegal aliens to do manual labor and Hindu-1Bs to destroy the scientific and engineering prospects of the poor, smart males that used to form the backbone of America. We are constantly bombarded by business shills calling for low-wage illegal aliens to replace Americans, and Indian slumdog so-called “tech talent” to replace American engineers and programmer because US citizens are too stupid to do tech work.

    To end this nonsense, we have to kick out the illegal aliens and their anchor babies, who are, after all, MEXICAN CITIZENS under the Mex Constitution, send all the Indian H1-Bs back home, stop all “chain migration” and for goodness sake, stop importing Islamics whose sole purpose is to sow distrust into America.

  • http://operalady.blogspot.com Maria Callas

    What a bunch of whiners, “what can we do, what can we do, buuuh, buuuh” – grow the ******** up and demand change.

    Throw the criminals out, from Obama to the last city councilman and start all over again.

  • there is hope

    There is hope where I work. We recently had a buyer of over the highway trucks tell our company they would not buy any trucks this year unless they were assembled in the USA. Guess what their trucks are now being made in Dallas instead of Mexico creating a second shift and American jobs. The company simple could not lose a $100 millin dollar order. This is the only thing that will bring jobs back cause the greedy corporations will have to listen or loose millions in business to another company. We need stores like Best Buy and Sears demand all whirlpool appliances be built in the US and guess what, they will. Home Depot’s demand all lawnmowers, grills, lights be made in the USA or no contracts, guess what they will. But it also requires the CEO’s and VP’s to get smaller bonuses and small raises and it can work (that is the hardest part). Obama should have went to Wisconsin, Ohio, Michigan and stood up for the american people and jobs. The next thing you will see is Indians, Chineese,Koreans, Vietnameese, etc teaching in our public schools at reduce wages, since our 50,000 a year teachers pay is just way too high.

  • http://www.infowars.com no job, no house, no fun

    I was just in Mexico, and it turns out that the “good jobs” are held for Mexican citizens, and if you want a “good job” you need to get a visa (M3?) and prove that no Mexican citizen can do the job you can do. I think they are right to try and take care of their own people, it is a great idea and The USA should impose it on foreigners as unemployment rises. Foreigners should not get our jobs unless they prove they can do something we can’t.

  • randyrocker

    Reading this is enough to really rock one’s head.
    The real consideration will be, how will America react to being a second string nation with China deciding on whether they will be fair in not only their dealings, but in their enforcement of power? For surely they will have the power as well, and it will only increase from here on end. Will China be a benevolent power, as the US was for the better part of half a century, until one of their Presidents George W. Bush, broke that trusted power with his personal pursuit in a preemptive war of his own making, shock and awing the world with his audacity in claims of WMD, leading to the question as to who might be next on his list or America’s and if there’s even a secret list of nations that will be next to attack? Where’s the proof that there isn’t one? A major trust was broken. Will China behave in the same like manner? That is the new consideration here.
    As for economies of exchange, China will own the 21st Century, as for world domination and power, China will own the 21st Century as well.
    The USA has squandered it’s reputation, it’s finances, and it’s use of force on a principle of lying, cheating, and stealing, as well as losing it’s ethics and behaving without regard to honor dignity and respect.
    The USA has a great deal to do in repairing it’s horrific record on the world stage if that’s at all possible in the time it will take, should they wish to be a player of any resort internationally in the 21st Century.
    Only one other nation in the western hemisphere has an opportunity to stand tall in the 21st Century and that is Canada, but it has to walk a tightrope as it forges its way into the future from a resource based and wealth driven point of view. Amassing military might will not be the means to power in the future, intelligence will be, the USA has proved as much, with an under educated populace and a government that not only lies to its own people it suspects and represses them from having any creative future as well. The Oval Office has been occupied by too many shameful shady characters.

  • Guido

    I agree, even though it’s too late at this point. I buy American when and where I can. It’s more expensive, but it’s usually quality. Unfortunately, it can be a 50/50 prospect. Rada Cutlery is great stuff, while New Balance shoes are shoddy, but affordable. Chinese stuff, on the other hand, is awful crap. They may out-manufacture us, but their quality control is non-existent, their materials are second-rate, and their stuff isn’t durable. I only hope their military equipment is as reliable as their shoes, toys, machinery, parts, etc.
    Check out:
    http://www.madeinusa.org/
    http://www.stillmadeinamerica.com
    http://www.madeinusa.com

  • Edouardo

    “…Only one other nation in the western hemisphere has an opportunity to stand tall in the 21st Century and that is Canada, but it has to walk a tightrope as it forges its way into the future from a resource based and wealth driven point of view…”

    Randyrocker are you kidding me with that statement…?!

    We just elected into majority government status a political party whose leader probably has wet dreams about George W. Bush, Dick Cheney, & Karl Rowe! This guy is bent on cloning his cherished neo-con American model here.

    No, don’t look north for any wisdom or guidance—we’ve taken the stupid pill just like the rest of you.

  • what we need

    we need a flat tax, we need to stop all the wars and our military industrial complex, we need people to start to educate yourself cause our goverment is dumding us down or trying to anyway and like the article states we need to change our economic policlys we also need to get rid of the federal reserve,we need a sound money system installed and upheld (a precious metal standard not just a gold standard) we need to get rid of lifelong politiacan and put a limit to how long you could say in the political areana, we also need to put an end to the billion dollar lobbyist that pay off all the politicians.

  • Flopot

    Fact 101: the USA spends 6 times the rest of the world combined on defence. So cut back on this before you start complaining.

    Arrest all the criminal financiers on Wall Street and let real capitalism have a chance.

    This article just looks like an anti-Asia rant, written by an Obama-bot.

    • Admin

      LOL I am most definitely not an Obama-bot

      Michael

    • Anonymium

      Dumbass, even if ALL military spendings where cut, there would still be a deficie.

  • Gary

    We can start fixing this by taxing the rich and spreading the wealth more evenly.

  • Guido

    http://www.shadowstats.com/article/hyperinflation-special-report-2011

    Take a look at this damning report about the state of our economy. He’s predicting hyperinflation and the return to barter, since cash will probably vanish and online purchasing will fail to adapt to the new realities. This guy has actually been predicting this since 2006, which puts him in league with Peter Schiff, AKA Dr. Doom.

    Very scary stuff.

    • from europe

      i read it, long article and a complete waste of time. and he is constantly repeating the same: inflation, depression yaddda yadda yadda. like repeating stuff will make it come true. just like Gary here, but on the other side of spectrum.

      so anyways, here’s how it’s going to go down: the US gov will spend spend spend, start a new war (not counting lybia), and then resort to fierce austerity meassures, cutting all the welfare etc off. why? coz they never gonna let hyperinflation happen, bcoz the rich would be the ones to loose the most. they (US gov aka rich folks) wont “shoot themselves in the leg”.
      sorry Gary, your socialist wet dream wont come true.

  • mondobeyondo

    Buy American!!

    Don’t shop at WalMart…(or Sears, or Kmart, or Target, or Walgreens, CVS, Macy’s, Best Buy, Honda, Acura, Kia, Toyota, Mercedes Benz, Panda Express, Kung Fu Panda, etc etc….)

    Whew… that really limits your choices doesn’t it??

  • mondobeyondo

    There will soon be no more rich or wealthy people to tax in this country, the way things are going now.

    We’ll all be in the same boat. Pray it’s not the Titanic 2, although from all indications, it seems to be just that.

    And we haven’t even hit the debt iceberg yet. Our captain Obama barely mentions it. The admirals are too busy bickering – Congress argues over the debt ceiling and squabble over nickels and dimes. ($61 billion? Get real. The federal debt is over $14 TRILLION.) And the passengers? (that’s us) Most of us are more interested in American Idol, even while the water rises above our ankles. God help us.

    Just look at that debt iceberg. It’s right there, in front of us. Too late to steer out of its way. Why on earth do people not notice it, or at least focus more attention to it?

    At some point, someone’s gonna take the helm and steer this ship, and the passengers will not like it. Might be hard right (fascism) or hard left (communism). But we cannot stay the course.

    Just don’t ram this mighty nation into the iceberg…

  • mondobeyondo

    “Those who make peaceful revolution impossible, will make violent revolution inevitable” – Martin Luther King Jr.

    A revolution is coming.
    Things cannot continue the way they are.
    What kind of revolution? It’s up to us to choose…

  • Gary

    Flat tax=tax cut for the rich and a tax increase for the poor. Turn off Faux nus/steve forbes crap.

    We need to heavily tax the rich and spread the wealth.

    TAX THE GREEDY TO HELP THE NEEDY!!!

    • Guido

      Since when is having money and being successful a sign of greed?

      At no time have you answered how this would work. Got anything behind the mantra?

      Taking away from those who have and giving to those who don’t will not alleviate any problem, aside from insuring more people feel more entitled to what doesn’t belong to them.

  • http://www.planorperish.com Gutter Economist

    “Can anybody help us? Mayday! Mayday! Mayday!”

    Here are a few reasons why Washington is not listening:

    Government economists combine the US trade deficit with the profits that American multinational corporations make in other countries and conclude that we really do not have a problem. These economists are cheer leaders for free trade and globalism. America is not losing wealth, it is just being concentrated in fewer hands. Wealthy hands are the hands that keep politicians employed.

    Americans were better off with high priced domestic products and high paying domestic jobs. Our millionaire politicians, however, are not able to understand this. For these people, nothing has changed over the last decade.

    The concentration of wealth in America will be corrected by a government collapse, a **************, or some action to reduce the size of the US population.

  • Nexus

    It is a way off before a society wide collapse no matter how bad these stats appear for the following reasons. Firstly, while there maybe 20% unemployed or underemployed there are 80% working, while there maybe 40m on food-stamps there 260m not on food-stamps, while many millions do not have health care many millions do, while there may be many people that have lost their homes or are in negative equity there are many others that have no negative equity or own their homes…so as long as the decline does not become a majority experience government can use the poverty of the minority to control the majority. If the dollar collapsed and/or there was a major financial crisis then it could become a majority experience quite quickly.

  • missy

    “Sadly, in our society today most of the people that pursue higher education are women. Today, 61% of all college degrees are earned by women.”
    WTF???? Why is this SAD news??? I’ll tell you what’s sad! What’s sad is that men still earn more money than women with the same qualifications! It’s sad that women are underrepresented as CEOs and Presidents of companies, and leaders at all levels of government! It’s sad that so many fathers bail out on their families leaving single moms to do everything! Pick your enemies fella, but don’t trash women working to get an education!

  • mondobeyondo

    I spent part of Sunday afternoon in Las Vegas. Not to gamble, but more to observe.

    Okay, I did donate $75 to a couple of the local big name casinos which shall remain unnamed (Caesars Palace, Excalibur and Circus Circus). But apart from that..

    The situation there is almost as bad as Phoenix, maybe even more so. There are Gucci and Prada stores on the Strip. Jerry Seinfeld is at Caesar’s Palace. And there are the poverty stricken and down on their luck folks who are living in drainage tunnels not far from the Strip. I didn’t see them. I didn’t expect to see them. They are conveniently hidden. It’s bad publicity for the Chamber of Commerce, y’know.

    I drove through Henderson, Nevada, a little south of Las Vegas proper. Didn’t have much time to spend there unfortunately. but the nervousness is palpable, at least at the gas station where I paid $3.79/gallon for regular. Gasp!!

    There is the Las Vegas that everyone knows, and also the Las Vegas that the majority doesn’t know. I didn’t get to see the other side. I had only 3 and a half hours before driving back to Phoenix, and I got lost on Tropicana Avenue on the way back home (45 minutes of lost time), and got stuck in traffic on the Strip (a good 20 minutes lost waiting in front of Caesars Palace. Ughhh.)

    Maybe next time I’ll fly instead.

  • The Capitalist

    To those who say the answer is to just “buy American” – I’m afraid that isn’t going to save us…and it’s actually extremely anti true free market capitalism. We shouldn’t have to be forced to spend more money on less quality just to “stimulate” a unsustainable and corrupted economy. It’s not the answer. The unsustainable and corrupted economy will still exist…only the poor and middle class would suffer having to spend more money on less quality (in some cases) with less competition as well. You combine this with the inevitable and perpetual printing of money out of thin air (inflation – increase in the money supply) where the symptom is essentially a tax on our currency (as it devalues) and the poor and middle-class now can afford even less. Clearly, this isn’t the answer.

    The only sustainable answer is true free market capitalism where natural law, common sense, logic, and reasoning take place. Failed systems will fail and be forgotten while successful ones will succeed and be emulated. Natural free competition will cause prices to lower and quality to increase as in order to succeed, you would have to literally compete and stay afloat with your competition because screw ups will be costly. Accountability will exist. Responsibility will be extremely necessary. Regulation will naturally take its course as opposed to being a tool for monopolistic competitive advantages as well as lobbying purposes.

    More opportunity will be available and people won’t be as limited from what they can do in order to make a living. Perpetual debt will no longer exist. People would actually be able to afford things (of course this would mean the Fed would cease to exist as well).

    The reason this doesn’t exist and never has – isn’t because it’s impossible. It’s because those who want or currently have power and control would have to basically give it all up…and they simply don’t want to. Perhaps you can’t blame them either? But when it’s done illegitimately through corruption, deception, and manipulation – it’s simply wrong and obviously isn’t sustainable…as we have been seeing before our eyes.

  • Tim M

    Interesting stuff. I particularly liked the mention of trying to get the govt back in its original box. Priceless! I would love to say “the bottom line is this…” but I got nothin. I do think this, however. We do spend more on defense and weaponry than the world combined, but what of the rest of the world? You pass a point where a weapon is plenty big enough. With free information worldwide, I would bet that there are quite a few armed skeletons in the closets of most of our allies, enemies, you name it. all out war wouldn’t be pretty for anyone. Civil war seems inevitable, but what of all of the advanced weaponry that civilians aren’t even privvy to know about in this country? V for Vendetta control for the elite “civilized” if you choose to sell your soul, and Conan the Barberian outside the plastic city limits. Gattica and A Brave New World come to mind as well. Just a guess though. In the meantime, a couple of guns, survival gear, and some metal coins stashed to buy your way out of a jam in case hell comes a knockin. Oops, gotta go! Ramseys kitchen nightmares almost on! We are pathetic..

  • ray newhouse

    We need another Ronald Reagon or another Harry S. Truman at the helm in place of the bunch of weak sisters in Washington that have the guts to tell the rest of the world to go to hell and pull up their boot straps and run this country as it was intended to be run like when our forefathers set things up back when ?

  • http://www.internetentrepreneurconnection.com Hector Avellaneda

    In the end, it us, the American people that are destroying ourselves and the country that was built by the framers.

    It’s our ignorance and our arrogance what other countries are betting on and guess what we can completely turn this around but people have to wake up RIGHT NOW!

    The future of America are it’s people and Entrepreneurs! What this country needs is more entrepreneurs and less employees. Unfortunately, we have no one else to blame for ourselves. We love buying things and we love getting them at a cheap price.

    As was mentioned in this article, that low price is the highest price we are paying because when the the jobs go, most Americans will have to kiss their current standards of living goodbye!

    If people dont wake up, In 100 years its the foreign countries the ones that are going to be leveraging the efforts of our grandchildren paying them with Yen, not dollars!

  • JJ

    Very misleading indeed ie, “South Korea exported 12 times more automobiles and parts to the US than the US did to “South Korea.” Now, I work in South Korea with this data and I KNOW you are not telling the whole truth.

    How many SK autos that are bought in the US are made in the US? It may surprise you to know that MOST ARE and the rate is increasing as capacity is ramped up. The last time l checked, there were no US autos manufacturing in SK.

    http://www.businessweek.com/blogs/eyeonasia/archives/2009/11/koreas_kia_opens_auto_plant_in_us.html

    Your logic is floored. A job isn’t a job isn’t a job. The US needs to own the patents – that is where the real money is, and comparing labor wages is not the reason why jobs leave America. Corporate tax, incentives, labor ‘add-ons’ (eg health insurance), cost an employer much more than the base “well she works for $30 a day and I work for $200 a day” mentality.

    The US needs to stop spending, start saving, and invest in your education.

  • Julian Bly

    There is another consideration here that has to do with China and manufacturing. I would like to
    “Buy American” but…maybe not.
    More than 80 per cent of China’s waterways are so
    polluted that NOTHING can live in them. The
    main pollutants are industrial wastes in the form of heavy metals and solvents from the hyper-active
    electronics industry! They make the computers and the phones,sell them to us,take our money and go home to a poisoned neighborhood.They are wasting
    their country environmentally so they can succeed
    economically. Do we want that? (I didn’t even mention the “plastic” pollutants which are equally destructive.) We have already ruined
    The Gulf of Mexico. Jobs are important but I think
    Air and Water are more so.

  • http://www.democracypowernow.com Gary Brumback

    The bled are the shrinking middle class, the working poor, the just plain poor, and the battlefield casualties from endless wars for profit and power.

    The bleeder is America’s corpocracy, her own worse enemy.

    Help end it. One way is to organize the divided and conquered opposition to the corpocracy. See
    my website for many ways to fight the corpocracy, including an important petition to sign.

    Gary Brumback
    http://www.democracypowernow.com
    http://www.democracypowernow.blogspot.com

  • Ron Paul for president

    Great article! Spread this information around, folks. Knowledge is power!

  • Ron Paul for president

    And congressman scum keep voting themselves pay increases, with total salary about 200K with lifetime healthcare benefits for them AND their families. Bood suckers. All the while they destroy the country spending us into oblivion.

  • http://thx.ly/0yaor M. A. Filippelli

    The Green collar economy is very well thought out and easy to read. The Jones lays out a plan to reduce the use of fossil fuels, reduce the amount of Green house gasses, and create new jobs in the United States. The Green collar economy delves into the use of fossil fuels, what it takes to get it out of the ground and refine it, the cost to the atmosphere due to this process. Eventually the world will dry up of fossil fuels, were dealing with a limited supply at a time when much of the world is learning to drive. The Green collar economy talks about places like India and China the bicycle is being replaced with the automobile and the economic effect that has on the price of gas world wide. Consumer demand is now out stripping the supply of oil. Oil prices are rising due to world demand. Jones does a great job of covering the economic effect of this and what it will lead to if we don’t start really developing alternative energy resources and making Green technology available and affordable. There are many untapped resources out there for creating Green jobs and a cleaner environment.

    The book also talks about some other types of energy resources and the pros and cons of them like converting corn to fuel. Should we be burning corn as fuel when children are starving? Nuclear power again this is a limited resource since there is a limited supply of uranium. Clean coal, just an oxymoron. The process for clean coal doesn’t exist; it’s still the dirtiest of all fuels when you take into account the process for mining and burning coal. There is also a limited supply of coal.

    We are spiraling downward towards an energy nightmare; the book proposes some interesting and plausible ways to avoid this. The concept is great it the process of helping these ideas come to fruition that will require a lot of work. People will need to change their thought process when it comes to producing energy. Making these ideas happen will require a lot more detail with in the then what this book goes into but it plants the seed to get the process started. The book lays out the mechanics of what it will take to make the Green collar idea turn into a Green collar reality. It’s up to us as citizens of the planet to make it happen. The back of Jones has a resource list of containing Green energy businesses and coalitions.

    There are many types of Green collar jobs that could be created not only in the Green industry but within the normal work place. Jobs will be created in research, development and implementation of these technologies.

    A great read for anyone but especially for those Green collar and want to be Green collar workers. Very enlightening.

  • ConcernedCitizen

    Don’t forget our Lord Jesus Christ! Time to pray for wisdom on how to get out of the hole we are digging ourselves deeper and deeper in.

  • Stan

    The USA is being killed just like the former USSR – local jobs are moved abroad, domestic production stops. Now China seems to be chosen for the role of the new Power Center of the World. Asian world has never been and never will be the main source of scientific development on Earth (such are real mental differences between white and yellow races). But they have extraordinary qualities in repeating what was invented in the White world. World Masters needed too much effort to suppress creative forces of the white population. This time it seems that the World Masters decided to find a new world leader with a moderate creative force. At the same time it is a good means of pushing whites out of the creative technological process by destroying their industries.
    Are the World Masters from this planet or did they arrive from somewhere else?

    • james

      I think they come from someplace else. World government would not be remotely feasible without data processing and modern communications technology yet it was apparently planned ages before those inventions were conceived of. And whatever is controlling world disasters like the collapsing economy was apparently able to coincide it with changes on the sun, planets, etc.

  • ZBK

    American economists have no idea how an economy works. All they want is a Nobel Prize in Economics..(i should say voodoo economics) between their legs to keep them happy.

  • http://www.youtube.com/watch?v=x-CrNlilZho Ben Dover (America)

    What went wrong in America? America’s Secret Government completely revealed – the REAL ENEMY WITHIN:

    Psychological Warfare and the New World Order:The Secret War Against the American People
    http://www.amazon.com/Psychological-Warfare-New-World-Order/dp/0932367232/ref=sr_1_1?ie=UTF8&qid=1310394551&sr=8-1

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