Loading ...Thank you for the comeback. Well said and many good points. I think the post war prosperity (’45-’75) was not intended by TPTB. An accident or unintended consequence, because the rest of the industrial world was destroyed, technically out of business, and the USA ended up producing consumer products for ourselves and other countries.
We had a shortage of labor, 50% unemployed, (woman at home) very high minimum wage, plus unlimited over time, like Japan until 1989.
The war and post war, and importing from the USA was all paper money financed, until the 1971 gold de-peg. After that they sucked in money supply with 20% interest rates, ’71-’81, and exported industries instead of exporting our Gold at $35.
Its seems like the ONLY reason the USA is here, is for the financial welfare and benefit of globally operating corporations and eliminating poverty and more middle class consumers in foreign nations for multi-national corporations.
I was extremely happy for the USA when we finally “ran dry” for the world in 2008. That summer finally broke the back of globalization. The next 100 years will probably be better for all countries as they get more self reliant and independent.
In other words, the single engine globalized 747 blew up and is going to be re-fitted with 4 engines.