Companies are shutting down operations in the United States and are opening up facilities in other nations where the labor is much cheaper, where regulations are not nearly as suffocating and where taxes are much lower. However, once these other nations learn the technology and are able to set up "domestic competitors", the original companies are learning that maybe it wasn't such a sweet deal they were being offered after all.
As the U.S. is being stripped of industry and is being deindustrialized, the American middle class is being absolutely devastated. Since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs. Sadly, the millions of jobs that have been sent overseas are never coming back.
Meanwhile, our national wealth is being drained from our bank accounts. Back in 1985, the U.S. trade deficit with one particular Asian nation was just 6 million dollars for the entire year. But for this past August alone, the trade deficit with that same nation was over 28 billion (that's billion with a "b") dollars.
In other words, the U.S. trade deficit with that one Asian nation in August was more than 4,600 times larger than the U.S. trade deficit with that Asian nation was for the entire year of 1985.
So how are we maintaining our high standard of living if we are shipping all of our wealth overseas?
Well, what we are doing is going back to all those nations where we have sent our wealth and we are begging them to loan it back to us.
Our federal government now owes trillions of dollars to major exporting nations. Our state governments also owe insane amounts of money to major exporting nations. We are in debt up to our eyeballs and it gets worse every single year.
Meanwhile, our national economic infrastructure is being absolutely ripped to shreds....
*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.
*The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
*Since 2001, over 42,000 U.S. factories have closed down for good.
*As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941.
*Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.
The sad truth is that the U.S. is being dominated even in very high-tech industries. The major exporting nations are becoming rich by creating wealth and we are becoming poor by voraciously consuming wealth.
Unfortunately, some of the major exporting nations that we have a massively imbalanced trade relationship with are doing this to us on purpose. They see our weakness and the are taking advantage of it. They believe that it is in their own national interests to make the United States weaker.
Sadly, a very significant percentage of those that will read this article will not believe it. Most Americans have been so brainwashed when it comes to trade that they could never even conceive that it could possibly be used as a weapon of economic war.
But the truth is that there are even many prominent Americans that openly talk of weakening the U.S. economy and of reducing the standard of living of the U.S. middle class so that we can be more easily merged into the emerging global economic system.
It is time to wake up. The United States is under economic attack.
More jobs are going to leave the United States this month. More factories are going to leave the United States this month. Tens of billions more dollars of our national wealth is going to be transferred out of the country this month. Our federal, state and local governments are all going to go into more debt to foreigners this month.
Month after month after month this goes on. It is being done by design.
Perhaps when the entire U.S. financial system collapses the American people will finally begin to understand. The truth is that the greatest threats to our national security are not some impoverished goat herders hiding out in caves in Afghanistan. Rather, the cold, hard reality of the situation is that our national economic infrastructure is being ripped apart and stolen right in front of our eyes and we have become so dumbed-down that we don't even understand what is happening.
If you want to see "the future of America", just tour some of the formerly great industrial centers of the upper Midwest some time. Ask yourself why "the greatest economy on earth" has so many abandoned factories and boarded-up homes. There are many decaying communities across America right now that are so depressing that the moment you enter them you get the sense that all of the hope has been sucked right out of them.
The U.S. economy is under attack and it is dying. We are being looted and pillaged from coast to coast. This is really happening.
So what do you think about all of this? Please feel free to leave a comment with your opinion below....
Read more:
http://theeconomiccollapseblog.com/archives/economic-war
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