>>514059204 (OP)
The US has a huge trade deficit - which is something that most people don't understand.
On a fundamental level, your job as a consumer is to convince other human beings to perform work on your behalf. When most of your consumer goods come from overseas, then what you need to do is to convince people in places like China or Indonesia to keep slaving away in a mine/factory/whatever and giving you the consumer goods that they produce. The problem with this is that most Americans produce nothing.
What value do you offer a Chinese factory worker when your job is making burgers in Illinois? Or providing healthcare services in Kansas? How about working as a customer service rep in Washington? Or perhaps building houses in Florida?
None of those things provides any value to the Chinese person making your Iphone. So, again, the question is why would that person slave away 16 hours a day in a factory to make you Iphones? Right now the answer to that is that their government is forcing them to so that it can sell Iphones to you, then loan you back the money you just spent so that you can buy more Iphones. In effect, your economy becomes based on borrowing foreign money with no real indigenous economic activity.
That system provides you with a lot of consumer goods in the short term, but it's not viable in the long term. Either way it will come to an end, and the least painful way is to end it now when there still is some economic activity on which your economy can be based then to let it persist for another 10-15 years, at which point you have a Venezuelan style collapse.
Once you get into that situation, the only viable long term strategy is to endure some short term pain. There is no other way out.
8/26/2025, 10:03:38 PM
No.514059204
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