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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 379.91

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Nov 11 4:00 PM EST

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To: elmatador who wrote (66463)	9/25/2010 9:04:18 AM
From: KyrosL	1 Recommendation Read Replies (1) of 217693

1)True. But the US does export a lot. Most US exports are essentials, such as food, raw materials and capital goods. 2)True. But most of that 50% is wasted. And the new shale reserves will plug the hole until renewable energy takes over. 3)A lot can be done to dramatically cut higher education costs via the Internet. 4)Sure, I am talking in terms of GDP/capita. 5)The assumption here is that trade stops worldwide. Everybody will be in the same "no trade" boat. The US will never stop trade unilaterally, or if it does and nobody follows, it will quickly relent. As far as middle class, almost all of the added benefit of trade in the last thirty years has been concentrated in the top few percentages of the US population. The top 0.1% actually got the lion's share by arbitraging low labor costs in China and the rest of the emerging world. So, the middle class in America never got above a 1970's per capita income. Its jobs were outsourced and the executives and Wall Street got all the benefits of the outsourcing.

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