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Christopher Parisho writes:

Christopher Parisho writes:

Second;

Institute tariffs on overseas goods coming into the US from countries who allow or engage in slave and child labor so that those products do not get the benefit of the lower labor costs on US soil.
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We have a couple of problems if we do this.

We are a debtor nation and depend on those nations to purchase our debt. Already we have heard retaliation threats if we do that. Also, when we joined the WTO and surrendered some of our sovereignty, we agreed to let a international body rule on what we could and couldn't do in many ways.

However, think about this. Chinese workers at GM make about $2 an hour and with their 4 to 5 times buying power, homes given to them that they can now sell, remodel, borrow money on, etc. and most with no car, no car insurance, no gasoline purchase, etc. they are making more than twice what our min. wage workers make and are saving as much as 40% of their pay. True, that some of that savings is going in the personal social security accounts and health savings accounts, but their middle-class is growing about 50 million a year while ours shrinks.

Also, the American consumer will not elect congressmen who end their "everyday low prices." The American consumer now depends on imports and doesn't want that supply to end.

Tax reform and entitlement reform will help. Also, getting out of the WTO, if possible, would help. We are moving to a North American Community too, so there will be even more trade problems that affect manufacturing.

However, the world is actually, rapidly catching up to us in buying power (true measure of well-being, not the wage itself) and will soon pass us in many ex-socialist nations that reformed.

Many refer to the number of poor in India and China but, just a few years ago, they had about zero for middle class. Now they have over 500 middle-class and that is 200 million more than our entire population. Because China is now the largest consumer nation in the world, except for cars and oil, business, other governments, and our own consumers, are turning to China instead of the U.S.

We are in rapid decline in many ways. The currency is falling, debt rising, and more and more nations turning to Asia, the next hot economic area in the world.

Centuries ago, "prosperity" started in the Middle East, I read, then declined there as it moved to the Mediterranean and Europe and then to the North American continent. Now it is declining here and moving once again, further east. In a century or so, it will decline there and move again.

The reason isn't government as much as the citizens of the "empire" in decline. They refuse to believe they are in decline and thus, don't do the reforms that are needed nor elect those that will. You can't stop what is happening here, until the voters wake up and that isn't likely to happen unless what we are doing causes a depression. (Some say we get one of those about every 70 years and are due for one).

But, you as an individual can prepare for it, and millions will even become very wealthy because of the changing trends in the world. Learn all you can about why we are in decline, what will happen to buying power with the dollar, how to protect you savings, etc. Have skills (like healthcare) that will still be in demand in a depression. Read all you can on what is coming.