re: Deindustrialization - Have We Become a Poor Country?

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The US is being forced to re-industrialize right now as supply chains have been upended by geopolitics post-COVID.


Yes, we were de-industrializing in a global economy where it was easier to remove your manufacturing from the leftwing crazies that want everyone living in the dirt and eating bugs.

There are too many important commodities and products that are important to US national security like processing chips.


Mexico is also picking up a load of manufacturing that exited southeast Asia and China.

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we've struggled to produce shells.....Russia has been able to..... disconnect here

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Russia is winning its war with Ukraine because they still make things.

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We’re losing it, because we don’t.

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Mainly goes to wealth building of the few


Russia has this problem on steroids due to their oligarchs.

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This is a thread about Russia v. US.

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These are not new plants, they're not opening new production lines. They're simply increasing production at existing facilities, using existing equipment.

We can't do that.
they don't have to pay Starbucks employees $20/hr

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On September 18, 2023, the U.S. national debt crossed $33 trillion. It will reach $34 trillion in late December, a little over 90 days. It took the U.S. over 200 years to have national debt exceed $1 trillion. The national debt now exceeds gross domestic production by 122%. The U.S. government’s 2023 expenditure ratio is 23% of GDP, creating an economy dependent on money printing. The last time the government had a surplus was in 2001, and the last time it paid down treasury debt was in 1961. The runaway high deficits are due to the U.S.’s exorbitant privilege of treasuries being the primary global reserve asset.

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Interest expense is anticipated to exceed $1 trillion in the 2024 fiscal budget, adding to the mountain of $7.6 trillion in treasuries maturing at much higher rates within a year. Deficit funding could soar over $3 trillion in 2024.

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