US becoming trade colony of G7
This is similar to how Britain made cheap factory-made cotton cloth and sugar and sold it to Indians and Chinese in the time of Ghandi... which killed the domestic industrial base and jobs... causing riots and revolt against imperial Britain.
Sound familiar? Just like Japanese cars and Chinese walmart crap is destroying US industrial jobs... what value-added Things of lasting value do we make in this country now?
- lawyers?
- hedge funds?
- vinyl and plywood seas of housing?
- loans and securities made of bundled housing loans?
- fried chicken?
- starbucks and target every 2 miles?
Are these truly "assets"?
Have you bought an American-made anything lately? T-shirts from Bangladesh and India, socks from Pakistan, polyester women's fashion shoes from China, Korean cars, Panasonic TVs, Samsung phones, Chinese "Haier" brand washer dryers... and what is America exporting besides jobs? Only commodities like coal and corn and beef. We do have to import that commodity called "oil".
We are becoming the 1930s India... the US is becoming a trade colony!
We are becoming what the Founding Fathers didn't wnat us to be... a colony of England and France... during the 1700s, during the 1900s...
On the other hand, you could say that food will become more valuable than cars and TVs in the long-run. However, we still need oil and gas and water to grow all our food, and the former is running out, which means...
