Tuesday, March 1, 2011

The Collapse Of America: 23 Facts Which Prove That Globalism Is Pushing The Standard Of Living Of The Middle Class Down To Third World Levels!

The economy of the United States is in free fall, with the bottom no where in sight.   The push for "Free Trade" and "Globalism" has destroyed the American manufacturing base, and off shored most manufacturing jobs to third world countries where goods are now produced in almost slave labor conditions.  The result of this "Globalism" has been the demise of the American middle class, and a steep rise in the US unemployment rate with no chance of any mid to high paying jobs available for those now unemployed for the foreseeable future.  Basically, America is a mess...

To emphasize how the push for Globalism has destroyed the American middle class,  I want to present the following article from a great website: The Economic Collapse, at www.theeconomiccollapseblog.com, that lays out 23 important points on why the push for Globalism has destroyed the American middle class.  Here is that article:

Global Economy? 23 Facts Which Prove That Globalism Is Pushing The Standard Of Living Of The Middle Class Down To Third World Levels

 
From now on, whenever you hear the term "the global economy" you should immediately equate it with the destruction of the U.S. middle class.  Over the past several decades, the American economy has been slowly but surely merged into the emerging one world economic system.  

Unfortunately for the middle class, much of the rest of the world does not have the same minimum wage laws and worker protections that we do.  Therefore, the massive global corporations that now dominate our economy are able to pay workers in other countries slave labor wages and import the products that they make into the United States to compete with products made by "expensive" American workers.  This has resulted in a mass exodus of manufacturing facilities and jobs from the United States.

But without good, high paying jobs the U.S. middle class cannot continue to be the U.S middle class.  The only thing that the vast majority of Americans have to offer in the economic marketplace is their labor.  Sadly, that labor has now been dramatically devalued.  American workers now must directly compete for jobs with millions upon millions of workers on the other side of the world that toil away for 15 hours a day at slave labor wages.  This is causing jobs to leave the United States at an almost unbelievable rate, and it is putting tremendous 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 "the global economy", it is important to keep in mind that those are code words for the emerging one world economic system that is systematically wiping out the U.S. middle class.
A one world labor pool means that the standard of living for the U.S. middle class will continue falling toward the standard of living in the third world.

We keep hearing about how the U.S. economy is being transformed from a "manufacturing economy" into a "service economy".  But "service jobs" are generally much lower paying than "manufacturing jobs".  The number of good paying "middle class jobs" in the United States is rapidly decreasing.  So how can the U.S. middle class survive in such an environment?

What makes things even worse for manufacturers in the United States is that other nations often impose a "value-added tax" of 20 percent or more on U.S. goods entering their shores and yet most of the time we do not reciprocate with similar taxes.

But whenever someone mentions how incredibly unfair and unbalanced our trade agreements with other nations are, they are immediately labeled as a "protectionist".

Well, someone should be looking out for U.S. interests when it comes to trade, because the current state of the global economy is ripping the U.S. middle class to shreds.

Right now, the United States consumes far more wealth than it produces.  This nation buys much, much more from the rest of the world than they buy from us.  This is called a "trade deficit", and it is one of the most important economic statistics.  The U.S. runs a massive trade deficit every single year, and it is wiping out our national wealth, it is destroying our surviving industries and it is absolutely shredding middle class 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 be transferred into foreign hands every single month.

The truth is that the global economy is bad for America.  The following are 23 facts which prove that globalism is pushing the standard of living of the middle class down to third world levels....

#1 From December 2000 to December 2010, the U.S. ran a total trade deficit of 6.1 trillion dollars.

#2 The U.S. trade deficit was about 33 percent larger in 2010 than it was in 2009.

#3 The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#4 The U.S. economy is rapidly trading high wage jobs for low wage jobs. 
According to a new report from the National Employment Law Project, higher wage industries accounted for 40 percent of the job losses over the past 12 months but only 14 percent of the job growth.  Lower wage industries accounted for just 23 percent of the job losses over the past 12 months and a whopping 49 percent of the job growth.

#5 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

#6 In Germany, exports account for approximately 40 percent of GDP.  In China, exports account for approximately 30 percent of GDP.  In the United States, exports account for approximately 13 percent of GDP.

#7 Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe?  Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.

#8 In 2010, South Korea exported 12 times as many automobiles, trucks and parts to us as we exported to them.

#9 The U.S. economy now has 10 percent fewer "middle class jobs" than it did just ten years ago.

#10 The United States currently has 7.7 million fewer payroll jobs than it did back in December 2007.

#11 Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the 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.

#13 The United States now spends more than 4 dollars on goods and services from China for every one 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 try to commit suicide.  One major employer, Foxconn, has even gone so far as to install "anti-suicide nets" in an attempt to keep their employees from jumping off of their buildings.

#15 Wages for workers in China are incredibly low.  For example, one facility in the city of Longhua that makes iPods employs approximately 200,000 workers.  These workers put in endless 15-hour days but they only make about $50 per month.

#16 In Bangladesh, manufacturing workers toil in absolutely horrific conditions and make an average of about $38 per month.

#17 In Vietnam, teenage workers often work seven days a week for as little as 6 cents an hour making promotional Disney toys for McDonald's.

#18 Since 2001, over 42,000 manufacturing facilities in the United States have been closed.

#19 Half of all American workers now earn $505 or less per week.

#20 In the United States today, 6.2 million Americans have been out of work for 6 months of longer.

#21 8.4 million Americans are currently working part-time jobs for "economic reasons".  These jobs are mostly very low paying service jobs.

#22 When you adjust wages for inflation, middle class workers in the United States make less money today than they did back in 1971.

#23 According to Willem Buiter, the chief economist at Citigroup, China will be the largest economy in the world by the year 2020, and India will surpass China by the year 2050.

Those that promote "free trade" can never explain how the U.S. middle class is going to 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.  High unemployment is rapidly becoming "the new normal" in America, and wages are going to continue to decline in many, many industries.

Already, there are quite a few formerly great U.S. cities (such as Detroit) that are beginning to resemble third world hellholes.  If something is not done about our massive trade imbalance, even more cities are going to follow Detroit into oblivion.

Unfortunately, most of our politicians continue to insist that globalism is good for our society.  They continue to insist that we should not be worried that jobs formerly done by middle class American workers are now being done by slave laborers on the other side of the globe.  They continue to insist that having 43 million Americans on food stamps is a temporary thing and that soon our economy will be better than ever.

Well, it is time to stop listening to the politicians that are promoting "the global economy".  They are lying to us.

Globalism is great for nations such as China and it is helping multinational corporations make huge profits, but for the U.S. middle class it is an economic death sentence.

If you want an America where there are less jobs, where more Americans are on food stamps and other anti-poverty programs and where our cities continue to be transformed into deindustrialized hellholes, then you should strongly support the emerging global economy.

But if you care about the standard of living of the U.S. middle class and you want for there to be some kind of viable economic future for your children and your grandchildren then you had better start caring about these issues and doing something about them.

Please wake up America.


NTS Notes:  I have always asked, and I am asking again... Why are the American people sitting idly by while their nation is being destroyed in this fashion?

And for those who think that everything is bed and roses in Canada.. Think again... These problems are also happening in Canada where the push for "Free Trade" and "Globalism" here has also sent many former manufacturing jobs in places like southern Ontario off to third world nations!   I guarantee that the same effect is also being felt in European nations as well....

So what can be done to put an end to this blight?  First, the concept of so called "Free Trade" and "Globalism" must be halted, or the eventual outcome as shown will be workers in developed nations also making pennies on the dollar.... Other important ideas such as ending all Debts, and removing private criminal banking monetary schemes, are also desperately needed now more than ever to re-kick start failing economies....

As this article states, with a slight modification... Please wake up, World!

More to come

NTS

5 comments:

Anonymous said...

Thank your so-called elected officials for the fix that America is in. My biggest complaint is the on going out sourcing of jobs and the immigration of somolians,ethiopians,and other people that we don't need. Another problem is the new trend in promoting race mixing,the biggest culprits are JC Penny,Kohls,Sears, and K-mart teaming pre- school children of different colors in sales flyer ads. This so-called free nation is being raped and stripped of it's family values,religion,and identity. Who's behind it all? the Zionist Jews who control the stupid Goyims that are elected. I say vote these bums out!

Anonymous said...

kThe US Government encourages companies to move to third world countries. Hoover and Maytag moved to Mexico. You can't buy an American made Coffee maker,toaster,iron,or mixer anymore. Brooks Brothers,Joseph A. Bank and other clothing is made in China or Vietnam. Our plastic industry is being moved to Israel. There is no end in sight. The bastards in Washington wrecked and raped the manufacturing of this nation! What's the answer? there is none. The US is finished. We made our own Frankenstein,China! Our Steel industry has been given to them on a silver platter. The only reason that I can think of is that the US is actually afraid of China. In their mind if we provide their people with industry and jobs, they won't attack us. That's like the wimp kid in High School giving his lunch to the bully just to be left alone.

Anonymous said...

Everyone wants to blame the other guy. Yet everyone wants cheep prices and shop at walmart one of the leaders in import goods. We as adault Americans allowed and helped support this by buying imports now that is what you get. To straiten it out is so difficult due to unfair trade agrements, and big buisness continuing to go out of the country and inport their goods due to no tarifs and cheap labor. Laws need to be put into effect to charge tarrifs and limit imports. The problem with that is your poloticians are so engraved into big buisness or stock there in it wont happen in my life time. The middle class has no chance in polotics or creating jobs. You have to be very welthy or born into a company to get into polotics that is not the bulk of Americans and they do not reprisent you as such. I don't know how there is a republican party here it is for big buisness not blue collar workers and the people who make up this reprisented party are a minority here. We must have some real dumb people in that party thinking the trickle down effect works when big buisness continues to violate every epa law there is because the penalty is less than the cost of doing it right. They will never willingly pay their employees if they wont even care about the earth we all share. I dont want to rave on so this will end just like settling all the problems of the wold we all solve in a bar or party. Noone really cares unless it hurts their pocket this is very poor thinking but true think of your childrens and grandchildrens lives and try to make them and where they live better.

theozman38 said...

first of all i am no economist,second i am no politician,3rd i am a smart person that realizes what i see in this world and what is real and what is fake.. i am glad we are not concerned about the the magic bullet that hit jfk or the area 51 or alien abductions..what i am concerned is what the american people are not concerned of..what i am getting at here is we have to look at what is more economical for the united states and its population. the moving of jobs to other countries is only a move to prevent us from paying 600 dollars for something that waS MADE HERE IN THE U.S. than paying 325 dollars for something made in the Philippines..does anybody know of any other economy other than of the u.s.a. ?? do the math and why they move jobs and you might see what is being done..i know a lot of you will disagree because of the thought of losing those jobs and gaining nothing but a Walmart to shop at but, you have to look at the dollar sign that we have in our hands.. we have buying power in this country, a lot more if not ten times more buying power than most of the outside world..we are not ascending into a third world country..what we are ascending into is a world of disbelief in american prosperity and all of this misinformation of what IS REAL AND scare tactics.. who the heck are these guys coming up with these predictions? who are they?..they published there names as if they are the people we are to keep an ear to..did E.F. Hutton change his name ?? the thing about Chinese people is this..they mind there own business and give a little respect to those who are trying to better themselves..dont misunderstand a nation who's culture is vastly different from ours..and i mean vastly.. they could careless what we do but they are aware of us..

theozman38 said...

first of all i am no economist,second i am no politician,3rd i am a smart person that realizes what i see in this world and what is real and what is fake.. i am glad we are not concerned about the the magic bullet that hit jfk or the area 51 or alien abductions..what i am concerned is what the american people are not concerned of..what i am getting at here is we have to look at what is more economical for the united states and its population. the moving of jobs to other countries is only a move to prevent us from paying 600 dollars for something that waS MADE HERE IN THE U.S. than paying 325 dollars for something made in the Philippines..does asnybody know of any other economy other than of the u.s.a. ?? do the math and hy they move jobs and you might see what is being done..i know a lot of you will disagree because of the thought of losing those jobs and gaining nothing but a Walmart to shop at but, you have to look at the dollar sign that we have in our hands.. we have buying power in this country, a lot more if not ten times more buying power than most of the outside world..we are not ascending into a third world country..what we are ascending into is a world of disbelief in american prosperity and all of this misinformation of what IS REAL AND scare tactics.. who the heck are these guys coming up with these predictions? who are they..they published there names as if they are the people we are to keep an ear to..did E.F. Hutton change his name ?? the thing about Chinese people is this..they mind there own business and give a little respect to those who are trying to better themselves..dont misunderstand a nation who's culture is vastly different from ours..and i mean vastly.. they could careless what we do but they are aware of us..