Quote:
Originally Posted by The Demon
No, many intelligent people have a great idea where we are heading. We have astronomical debt and we hardly are a manufacturing power anymore. We are now a service economy, which means our trade deficits will keep on growing. The morons in congress and mainstream economists practice a flawed theory where they think throwing money at the problem solves the problem, and that consumer spending powers the economy, rather than capital investments and manufacturing. So we're going to continue the quantitative easing, further devaluing the dollar and pushing precious metals up. At least the Great Depression was a deflationary depression.. Everything was cheap as balls. We're going to get an inflationary/hyperinflationary collapse.
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I'm not disagreeing with you all, actually I agree with a lot of what you are saying. Most of the manufacturing jobs that we are losing are being replaced with lower paying service and retail level jobs or higher paying tech jobs which will require the workers to go back to school.
That said, what do you think we need to do in order to right the ship? We can't simply start manufacturing stuff without some kind of protective tariffs because we simply can't compete with third world countries when it comes to labor force wages. So if you were in charge and whatever you said would go, what would you do?