It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
How carved in stone is that? Can that not be changed? Is this not the new reality that maybe you guys will have to become exporters in order to regain some solid ground?
Why would your home based companies not take advantage of that? Mind you, I am not talking about just moving operations there like GM because that wouldn't do your workers much good.
Originally posted by Rockpuck
Sudden Production output (Major Total Wars)
Originally posted by mattifikation
Agriculture. No matter how poor people get, people will always need food. And America has a LOT of room to grow stuff. I just wish I knew how to farm.
Originally posted by triune
What does America produce these days that the rest of the world desparately wants.....apart from weapons ?
Originally posted by wayno
reply to post by Rockpuck
The US Consumes and Imports, we do not Produce and Export
How carved in stone is that? Can that not be changed? Is this not the new reality that maybe you guys will have to become exporters in order to regain some solid ground?
...
Originally posted by Pappie54
History is full of this type of naysayer, the sky is falling, but I suspect you will wake up tomorrow and move on with your day, day after day, waiting for the sky to fall.
Originally posted by dooper
We've created an entire population of financial and social parasites.
Originally posted by wayno
reply to post by Rockpuck
Sudden Production output (Major Total Wars)
The scenario you describe sounds insular - as if the US was an island unto itself. Given the global nature of business, I am wondering if something other than war could help pull you out/raise demand for production; that is, demand from other countries where the economy has already begun to expand?
So many people in the US talk buy American, but it doesn't look like Americans can consume their way out of this on their own. They have to rely on international relations and an international market.
Originally posted by Rockpuck
Deflationary Spirals end in three ways:
Sudden credit expansion (which sets the economy up for another collapse in a few short years)
Sudden Production output (Major Total Wars)
Bottoming Out: In this situation unemployment would have to be 40-60%, the economy would basically need a complete and total reset.. credit expansions are incredibly toxic to a normal working Capitalist economy.. it's wealth that isn't really wealth.. it's economic expansion that eventually needs to be repaid.