19 Facts About the American Economic Collapse.

Discussion in 'Economy' started by Neubarth, Sep 25, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    19 Facts About the Horrific American Economic Collapse!

    The deindustrialization of the United States should be a top concern for every man, woman and child in the country. But sadly, most Americans do not have any idea what is going on around them.

    For people like that, take this article and print it out and hand it to them. Perhaps what they will read below will shock them badly enough to awaken them from their slumber.
    19 Facts About The Deindustrialization Of America That Will Blow Your Mind - BlackListed News

    The following are 19 facts about the deindustrialization of America that will blow your mind....

    #1 The United States has lost approximately 42,400 factories since 2001. About 75 percent of those factories employed over 500 people when they were still in operation.

    #2 Dell Inc., one of America’s largest manufacturers of computers, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.

    #3 Dell has announced that it will be closing its last large U.S. manufacturing facility in Winston-Salem, North Carolina in November. Approximately 900 jobs will be lost.

    #4 In 2008, 1.2 billion cellphones were sold worldwide. So how many of them were manufactured inside the United States? Zero.

    #5 According to a new study conducted by the Economic Policy Institute, if the U.S. trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.

    #6 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.

    #7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000.

    #8 According to Tax Notes, between 1999 and 2008 employment at the foreign affiliates of U.S. parent companies increased an astounding 30 percent to 10.1 million. During that exact same time period, U.S. employment at American multinational corporations declined 8 percent to 21.1 million.

    #9 In 1959, manufacturing represented 28 percent of U.S. economic output. In 2008, it represented 11.5 percent.

    #10 Ford Motor Company recently announced the closure of a factory that produces the Ford Ranger in St. Paul, Minnesota. Approximately 750 good paying middle class jobs are going to be lost because making Ford Rangers in Minnesota does not fit in with Ford's new "global" manufacturing strategy.

    #11 As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was in 1941.

    #12 In the United States today, consumption accounts for 70 percent of GDP. Of this 70 percent, over half is spent on services.

    #13 The United States has lost a whopping 32 percent of its manufacturing jobs since the year 2000.

    #14 In 2001, the United States ranked fourth in the world in per capita broadband Internet use. Today it ranks 15th.

    #15 Manufacturing employment in the U.S. computer industry is actually lower in 2010 than it was in 1975.

    #16 Printed circuit boards are used in tens of thousands of different products. Asia now produces 84 percent of them worldwide.

    #17 The United States spends approximately $3.90 on Chinese goods for every $1 that the Chinese spend on goods from the United States.

    #18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.

    #19 The U.S. Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in the 51 years that records have been kept.
     
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  2. loosecannon
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    loosecannon Senior Member

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    "#1 The United States has lost approximately 42,400 factories since 2001. About 75 percent of those factories employed over 500 people when they were still in operation."

    wait a minute! That is a minimum of 16 million jobs!

    This sounds like bullshit!
     
  3. loosecannon
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    loosecannon Senior Member

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    esp when contrasted with this:

    "#7 The United States has lost a total of about 5.5 million manufacturing jobs since October 2000."

    this is crappola.
     
  4. Charles_Main
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    Charles_Main AR15 Owner

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    on number 19, did they bother to mention that the standards to determine poverty have been lowered in those 51 years?
     
  5. Charles_Main
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    Charles_Main AR15 Owner

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    why only go back to 2001? The Sucking sound of US manufacturing jobs going over sees started well before then.

    Oh I know. It makes Bush look bad if you only go back to 2001.

    NM

    gotcha
     
  6. loosecannon
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    loosecannon Senior Member

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    "#18 One prominent economist is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040."

    Antagon?
     
  7. william the wie
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    william the wie Gold Member

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    And Pigs will fly as well. I am not the president of Antagon's fan club but I do think you are maligning him. No one can look at the Trillions of dollars of misspent infrastructure and real estate investment in China all of which is treated as GDP growth and seriously think that China will 16 times bigger than it is now 30 years from now. The internal leverage of China is unknown because it stopped publishing the data in the 1990s, too damaging to the propaganda machine. The laborforce in China is declining due to the one child policy and no matter what is done China is headed for a trainwreck of epic proportions as its overleveraged and undersized laborforce has to compete with cheap, cheap labor in Africa. This is not a reality based econometrics.
     
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  8. loosecannon
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    loosecannon Senior Member

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    according to the CIA world factbook income parity index they only need to expand seven fold in 30 years to realize this projection.


    It's labor force is still the world's largest, and they have nearly no entitlements burden while having a great savings rate.

    And while African labor may be cheap China has infrastructure, and Chinese are very smart people. In fact the average factory worker in China may have a 110 IQ. Try to match that in Africa.
     
    Last edited: Sep 26, 2010
  9. loosecannon
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    loosecannon Senior Member

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    I think you misunderstood, William. Antagon doubts that China will surpass the US as quickly as Neubarth's article asserts.
     
  10. william the wie
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    william the wie Gold Member

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    The infrastructure that recently brought us the longest and biggest traffic jam in human history, that infrastructure?
     
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    Last edited: Sep 26, 2010

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