The U.S. Economy To Anyone In Three Easy Steps

The U.S. economy is dead on its feet and the majority of the American people don’t even know it.  Sure, most Americans understand that things are not going well right now, but the vast majority are still convinced that we will “fully recover” at some point.

After all, we have always fully recovered and gone on to bigger and better things in the past, haven’t we?  Well, unfortunately this time it is different.  The very foundations of our economic system are rotting.  Yes, unemployment numbers will go up and down and housing numbers will go up and down and inflation will go up and down, but those are not the numbers you should be paying attention to.

Instead, if you want the real truth about the U.S. economy, focus on the long-term trends that are at the root of our problems.  Every single month, the United States loses jobs and economic assets.  Every single month, more wealth flows out of the United States than flows into it.

Every single month, the United States goes into a lot more debt.  Most other economic statistics are simply symptoms of those three big problems.  The truth is that the U.S. economy is bleeding, and the truth is that very few politicians in either party are doing a thing to stop it.

READ MORE : PETER SCHIFF: “THE U.S. IS ONE GIGANTIC BUBBLE ECONOMY”

We were told that “globalism” and “free trade” would be so wonderful for America.  What we were not told was that U.S. workers would now be put in direct competition for jobs with the cheapest labor in the world.

We were not told that it was intended for the standard of living in the third world to go up while the standard of living in America was intended to go down.  We were not told that millions of jobs and lots of shiny new factories would go to China while many of our once great manufacturing cities (such as Detroit) become rotted-out war zones.

China has become the second largest economy in the world and a major global superpower at our expense.  If we had not agreed to “free trade” agreements with them they would still be struggling to escape third world status…..More Here