The United States is rapidly becoming the very first "post-industrial" nation on the globe. All great economic empires eventually bleed themselves to death or die in war; some become fat and lazy and squander the great wealth that their forefathers have left them. The pace at which America is accomplishing this is absolutely amazing. It was America that was at the forefront of the industrial revolution. It was America that showed the world how to mass produce everything from automobiles to televisions and airplanes. It was the great American manufacturing base that crushed Germany and Japan in World War II.
But now we are witnessing the De-industrialization of America .. Hundreds of factories have left the United States in the past decade alone. Millions
upon millions of manufacturing jobs have been lost in the same time period. Once upon a time America could literally out produce the rest of the world
combined. Today that is no longer true. If the DE-industrialization of America continues at this current pace, what possible kind of a future are we
going to be leaving to our children?
Any great nation throughout history has been "great at making things". So if the United States continues to allow its manufacturing base to erode at
this staggering pace how in the world, can the U.S. continue to consider itself to be a great nation? We have created the biggest debt bubble in the
history of the world through mismanagement of the banking system and the federal reserve. Every single month America goes into more debt and every
single month America gets poorer. Update; the debt is a couple of trillion worse now since this writing.
The above vids are on the players and the models they followed to get us into this mess with the banking crisis. No one criminal or player all just
trying to make money. All the Vids are good but 3 and 4 added the cream. Just the known facts are presented without the hype IMO.
The following are 19 facts about the De-industrialization of America continued....
#1 The United States has lost approximately 42,400 factories since 2001. About 75 percent of those factories employed over 500 people when they
were still in operation.
#2 Dell Inc., one of Americas largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an
investment of over $100 billion over the next decade.
#3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem , North Carolina in November. Approximately
900 jobs will be lost.
#4 In 2008, 1.2 billion cell phones were sold worldwide. So how many of them were manufactured inside the United States? Zero.
#5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current
rate, the U.S. economy will lose over half a million jobs this year alone.
#6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.
30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1
#9 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.
#10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul, Minnesota. Approximately 750 good paying
middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy.
#11 As of the end of 2009, less than 12 million Americans worked in
manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.
#12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.
#13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.
#14 In 2001, the United States ranked fourth in the world in per capita broad band Internet use. Today it ranks 15th.
#15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.
#16 Printed circuit boards are used in tens of thousands of different products. Asia now produces 84 percent of them worldwide.
#17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States.
#18 One prominent economists projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.
#19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor
Americans in the 51 years that records have been kept.