Re “we have to start worrying about ourselves. ” Many of us locals started doing that in the ’70s and ’80s. Now a days, the world gov’t itself is worried about the us consumer.
Re “China stealing technology by the billions.” Huh? Stealing? For one, TPTB GAVE our missile technology to China long ago. China is a “state” in one world gov’t mess they created.
Re “Trade is in the negative for us but at least Trump working on that.” I’m sure there are MANY global people, long time benefactors of globalization involved in the agenda to make America able to SPEND and pay down debt again. Populism caused by lower living standards here, goes against them and their future.
Re “Armstrong is talking about a depression now ” My view the depression, higher taxes, low wages and lower living standards started after 1980. That past depression led to the collapse in 2008. The Collapse was NOT because of prosperity since 1975. Accumulation of error or embezzlement, finally took hold. Coming depressions will probably occur in countries that benefitted the most, from transfers of USA industries.