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Chart of Century Gives Powell Gloomy Glimpse of Globalization’s Reversal

Posted by Mr.Copper @ 14:05 on July 10, 2018  

Back in the 1970s the fake Media told us “Competition is good, the consumer will get better cheaper higher quality consumer products” “We don’t want the rust belt dirty polluting jobs” they said. They never mentioned the off shoring of entire industries.

They also boasted about  increased global productivity and efficiency. With a growing global population you don’t want increased productivity and efficiency. Unless we are competing against another planets economy.

Work weeks should have been shortened to 20 hours. Instead of 40. Increased productivity and efficiency should result in less man hours needed. Time off. But instead it went opposite. More man hours needed, wives working. Two 40hr jobs.

Now the opposite of all that, the major REVERSAL will hurt. Near term pain for long term gain.

Only the big corporations and third world nations benefited. Until TSHTF in 2008. Nothing left to give away from USA. No more no doc no money down lire loans to keep USA going.

https://www.bloomberg.com/news/articles/2018-07-10/chart-of-century-gives-powell-gloomy-glimpse-of-trade-war-world

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.