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Originally Posted by kane
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.
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Welcome to the failures of outsourcing. What's good for a company is bad for the US economy.
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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?
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Honestly, there's only one thing to do at this point. We're not getting any of those jobs that we lost back because we're not a manufacturing economy anymore. The only thing left to do is default on our debt. The thing is, we're going to get hyperinflation and a Zimbabwe type of economic collapse in the next 5 years, there's no stopping it. The printing press is making it even worse for us, as well as stimulus spending. We either need to get our factories up and running at full capacity again, or default. The third choice is more tricky and that's to get back on the Gold Standard using a Gold Cover Clause ratio.