10-30-2011, 02:29 PM
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#121
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Quote:
Originally Posted by cyde01
I don't work in manufacturing either so i used to agree with you but the truth is all economies need to be diverse to be healthy. With the loss of manufacturing the US economy has grown to reliant on making fake money thru financial services (wall street, lehman bros) and shady real estate investing. In the US we've been using credit to buy all the world's goods but now that we're all broke we can't borrow any more money. And now all the countries that are overly reliant on exports are screwed because we don't have anything to buy their stuff with. Simply put today's trade imbalances are unsustainable and hurt both the exporting and importing countries. Sry to go way off topic thats the last time i'll mention politics here.
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