I like to be as I say 'factual'. That's why I love Blacklisted News, it is in the same vein as Zero hedge. So, with the help of our 'friends' from Mountainview, and therefore from Google, which at least have a great translation algorithm. I tried to pass you this article, which is a real cry for help. I remind you that we are 4 or 5 years apart from the United States, and that the outsourcing has more than just started there, since it was already taking place 4 years ago in IT, and not especially in radius of Wall Mart. So the observation is bitter, and precisely it should enlighten our president in full change around 2012, because historically if Atlanticist and dazzled by the wonderful lights of the "Global Governance", then the facts have already demonstrated. But still it is necessary to put forward the reason, this as highlighted by a beam more and more unbearable evidence. It is the subtle perversion of our ideals and foundations and teachings through widespread money and greed, as well as greed, this through direct or indirect worship of Mammon. Take it as you like, but one day or another we have to face the facts... Apparently in these troubled times, even the priest of my church, during his sermon, made the connection and warned his flock. So I leave you to meditate on it in good hands, with this Arte documentary on the United States and "La Richesse à Crédits", which will explain to you much better than me the heresy of this race forward. Which in any case can only come up against the harsh reality of the concrete, once passed of course, the mathematical chimeras of the economy. For Info, from what I heard atbroadcast by Pierre Jovanovic, and to illustrate the fact that we live in an unreal era based on the virtual, that only Gold (+33%) or Silver (+84%) allow you to transport your savings over time, the 5 Franc coin, yes, the old one!, is now worth between 9 and 10 €uros… Yes, you read that right… However, no one is a prophet in his countries, as early as 2008 some rose up against this madness of speculation on nothingness and this lack of regulation, which once again only exponentially enriches a handful (additional information)
Update 04.06.2016 : IMPORTANT : More broadly, ask yourself why this documentary is not indexed by Google while it is under (among others) Bing... : The money game
From now on, whenever you hear the term "the global economy", you immediately have to make the correspondence with the destruction of the American middle class.
Over the past few decades, the US economy has been slowly but surely merged into the new global economic system.
Unfortunately for the middle class, much of the rest of the world doesn't have the same minimum wage and worker protection laws that we do.
Consequently, the globally massive corporations that currently dominate our economy are able to pay the wages of workers in other countries using forced labor and import the products they manufacture into the United States to compete with the products made by "dear" American workers.
This resulted in a massive exodus of manufacturing facilities and employment out of the United States.
But without the good, well-paying jobs of America's middle class, it cannot continue to be America's middle class.
The only thing that the vast majority of Americans have to offer in the economic market is their work.
Unfortunately, this work has been significantly devalued. American workers are now in direct competition for jobs with millions and millions of workers on the other side of the world who toil for 15 hours a day at wages worthy of slave labor.
This is causing jobs to leave the United States at an almost unbelievable rate, and putting enormous downward pressure on the wages of millions of jobs that are still in the United States.
So when you hear terms such as "globalization" and "global economy", it is important to keep in mind that these are code words for the new economic system of a world that is systematically to destroy the American middle class.
A pool of a working world means that the standard of living of the middle class of the United States will continue to decline towards the standard of living in the third world.
We keep hearing about how the US economy is changing from a “manufacturing economy” to a “service economy”.
But “service jobs” usually pay much less than “manufacturing jobs.”
The number of "good paying" "middle class" jobs in the United States is rapidly shrinking.
So how do you expect the American middle class to survive in such an environment?
What makes matters even worse for manufacturers in the United States is that other countries often impose a "value added tax" of 20 percent or more on goods entering their countries from the United States and yet the most of the time, we don't return similar taxes.
But whenever someone mentions how incredibly unfair and unbalanced our trade deals with other countries are they are immediately labeled as "protectionist".
Well, someone has got to look out for US interests when it comes to trade, because the current state of the global economy is tearing the American middle class to shreds.
Currently, the United States consumes far more wealth than it produces.
This nation buys far, far more from the rest of the world than they buy from us.
This is called a "trade deficit", it is one of the most important economic statistics.
The United States runs a massive trade deficit every year, and it's wiping out our national wealth, it's destroying our surviving industries, and it's totally tearing apart the middle class in America.
We cannot allow tens of thousands of factories to continue to leave the United States.
We cannot allow millions of jobs to continue to be “outsourced” and “offshored”.
We cannot allow tens of billions of dollars of our national wealth to continue to flow into foreign hands every month.
The truth is that the global economy is bad for America.
The following 23 facts prove that globalism is pushing the living standards of the middle class to third world levels....
# 1 From December 2000 to December 2010, the United States had a total trade deficit of 6,1 billion billion (quintillion textual) dollars .
#2 The U.S. trade deficit was around 33 percent larger in 2010 than it was in 2009.
#3 The US trade deficit with China in 2010 was 27 times bigger than it was in 1990.
#4 The US economy is in the midst of a trade-off from high-wage jobs to low-wage jobs. According a new report According to the National Employment Law Project, higher-wage industries accounted for 40 percent of job losses over the past 12 months, but only 14 percent of job growth. Low-wage industries accounted for just 23 percent of job losses over the past 12 months and a whopping 49 percent of job growth.
#5 Between December 2000 and December 2010 , 38 percent of manufacturing jobs were lost in Ohio, 42 percent of manufacturing jobs in North Carolina were lost, and 48 percent of manufacturing jobs in Michigan were lost.
#6 In Germany, exports make up about 40 percent of GDP. In China, exports account for about 30 percent of GDP. In the United States, exports account for about 13 percent of GDP .
#7 Do you remember when the United States was the dominant producer of automobiles and trucks on the globe?. Well, in 2010 the United States had a trade deficit in automobiles, trucks and car parts. 110 billion .
#8 In 2010, South Korea exported 12 times as much cars, trucks and parts to us, which we exported to them.
#9 The US economy now has less 10 percent "middle-class jobs" than it had ten years ago.
#10 The United States currently has 7,7 million salaried jobs less than in December 2007.
#11 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today only 9 percent jobs in the United States are manufacturing jobs.
#12 In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world. In 2010, that number skyrocketed to 82 billion of dollars .
#13 The United States now spends more than 4 dollars in goods and services from China for every dollar that China spends on goods and services from the United States.
#14 In China, working conditions are so bad that large numbers of “employees” regularly attempt suicide. A major employer, Foxconn, even went so far as to install " anti-suicide lines" in an attempt to prevent their employees from jumping from their buildings.
#15 The wages of workers in China are incredibly low. For example, a facility in the city of Longhua that makes iPods and employs about 200.000 workers. These workers put in endless 15 hours a day but only earn about 50 $ per month .
#16 In Bangladesh, manufacturing workers toil in absolutely horrible conditions and earn an average of around $ 38 per month.
#17 In Vietnam, teenage workers often work seven days a week for as little as 6 cents an hour to make Disney promotional toys for McDonald's.
# 18 Since 2001, more than 42.000 facilities manufacturing in the United States were closed.
#19 Half of American workers are now earning $505 or less per week.
#20 In the United States Today, 6,2 million Americans have been unemployed for at least 6 months long.
# 21 8,400,000 Americans are currently working part-time in jobs for "economic reasons." These jobs are most often very low paid service jobs.
#22 When you adjust wages for inflation, middle-class workers in the United States make less money today than they used to. in 1971. .
#23 According to Willem Buiter, chief economist at Citigroup, China will be the largest economy in the world by 2020 , and India will overtake China in the year 2050.
Those who favor “free trade” can never explain how America's middle class will continue to have plenty of jobs in the new global economy.
By merging our labor pool with the rest of the world, we have also merged our standard of living with the rest of the world.
Unemployment is becoming "the new normal" for wages in America, and will continue to fall in many, many industries.
Already, there are a few major cities in the United States (like detroit) are starting to look like third world hells.
If nothing is done about our massive trade deficit, more and more cities will follow Detroit into oblivion.
Unfortunately, most of our politicians continue to insist that globalization is good for our society.
They continue to insist that we have no fear that jobs once done by middle-class American workers are now being done by forced laborers on the other side of the globe.
Well, it's time to stop listening to politicians who promote the "global economy". They lie to us.
Globalism is great for nations like China and it helps multinational corporations make huge profits, but for the American middle class it is an economic death sentence.
If you want an America where there are fewer jobs, where Americans are increasingly on food stamps and other anti-poverty programs, and where our cities continue to turn into deindustrialized hells, then you should seriously support the emerging global economy.
But if you care about America's middle-class standard of living and want there to be some sort of viable economic future for your children and grandchildren, then you better start deal with these issues and do something about them.
Please wake up America.
source: Black Listed News,The Economic Collapse
(In waiting for correction by Chalouette like the rest around 18 p.m.... Thank you for your indulgence)
Strangelove,
Further information :
ProfessorForex.com: United States: Disappointing household spending in January
The Tribune.fr: Air pocket for American consumption
Terms & Conditions
Subscribe
Report
My comments