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Old 07-28-2017, 03:18 AM
 
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Sure it is possible, just look at Iran and North Korea!

But possible doesn't mean desirable.
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Old 07-28-2017, 03:25 AM
 
1,037 posts, read 561,875 times
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Quote:
Originally Posted by Yuptag View Post
Would it be possible for the USA to be self-sufficient or become self-sufficient in the next 5-10 years for the following 30-50 years in all major aspects: food, fuel, medicine, metals, manufacturing.

Seems that the USA could: plenty of agricultural land and fishing grounds; plenty of petroleum, plenty of land of solar, wind power, coastline for wave power; best medical research and medicine production. Missing low value-added manufacturing, but it seems we could revive that in 5-10 years, plenty of iron ore and incentive to recycle.

I think there are few countries that are blessed to have enough skilled people, large enough population, and enough natural resources.
Yuptag, I’m among the proponents of the global trade policy described within Wikipedia’s “Import Certificates” article. It excludes the values of mineral materials integral to globally traded goods that are deemed by the congress to be scarce or precious minerals, from the assessed values of goods; (i.e. the policy does not affect prices or global trade due to the values of such scarce or precious materials within shipments).

Excluding the values of such materials, the policy prevents the values of USA’s annual imports from exceeding our exports and its entire costs are passed on to USA purchasers of imported goods. The unilateral trade policy is substantially (but not entirely) market driven.

To the extent that price increases exceed fees to defray costs of federal assessing and administrative tasks, those price increases (at no additional cost to anyone else), serve as price subsidies for USA’s exported goods.

Markets continue to determine what goods USA imports or exports.

Refer to Wikipedia’s “Import Certificates” article.
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Old 07-28-2017, 08:12 AM
 
8,300 posts, read 3,463,333 times
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Originally Posted by AlmostSeniorinNJ View Post
Maybe they could, but they could never produce enough to provide for the entire country. Coffee would cost $30 a pound.
I did mention inflation if we stopped imports. No doubt. Right now I get my Keurigs for about 60 cents. If they were $2 my life would not change.

My mother who lived through The Depression used to save her 'teaball' (New Yorker) and use it the next day.
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Old 07-28-2017, 08:50 AM
 
4,229 posts, read 1,909,438 times
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Quote:
Originally Posted by AlmostSeniorinNJ View Post
Maybe they could, but they could never produce enough to provide for the entire country. Coffee would cost $30 a pound.
Kona already costs that much and more, and Puerto Rico exports very little coffee while importing about two-thirds of what the island itself consumes.

By the way, pineapple production in Hawaii today is not at all what it once was. If not for a growing market for actual fresh pineapples, the culture might well have disappeared from the islands entirely.

Last edited by Pub-911; 07-28-2017 at 09:41 AM..
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Old 07-28-2017, 08:52 AM
 
1,037 posts, read 561,875 times
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Originally Posted by Hoonose View Post
I did mention inflation if we stopped imports. No doubt. Right now I get my Keurigs for about 60 cents. If they were $2 my life would not change.

My mother who lived through The Depression used to save her 'teaball' (New Yorker) and use it the next day.
Hoonose, USA’s chronic annual trade deficits drag upon our GDP and consequentially also drag upon our numbers of jobs. Annual trade deficits are always net (more than otherwise) detrimental to their nations’ economies.

Refer to the thread
Reduce the trade deficit; increase GDP & median wage
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Old 07-28-2017, 09:20 AM
 
2,756 posts, read 1,219,252 times
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Quote:
Originally Posted by Yuptag View Post
Would it be possible for the USA to be self-sufficient or become self-sufficient in the next 5-10 years for the following 30-50 years in all major aspects: food, fuel, medicine, metals, manufacturing.

Seems that the USA could: plenty of agricultural land and fishing grounds; plenty of petroleum, plenty of land of solar, wind power, coastline for wave power; best medical research and medicine production. Missing low value-added manufacturing, but it seems we could revive that in 5-10 years, plenty of iron ore and incentive to recycle.

I think there are few countries that are blessed to have enough skilled people, large enough population, and enough natural resources.
For that people should become self sufficient. Self sufficiency is not encouraged in a consumer based capitalism.
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Old 07-28-2017, 09:43 AM
 
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Efforts to be "self-sufficient" are not encouraged by any sort of rational analysis at all.
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Old 07-28-2017, 02:12 PM
 
15,706 posts, read 3,125,402 times
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We can be energy independent for sure.
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Old 07-28-2017, 02:32 PM
 
8,687 posts, read 2,406,950 times
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Quote:
Originally Posted by Pub-911 View Post
Blow up your TV. Throw away your paper. Move to the country. Build you a home. Plant a little garden. Eat a lot of peaches. Try and find Jesus on your own.
If someone finds Jesus that will do away with the quest of millions of other trying to find him. If you do find him please book him for a Sermon on the Mount tour. I want to see him in a smaller venue.

The US could not even start to be self-sufficient. It was never...not since the day the first European set foot here. We have too much of some stuff and too little of others...

This is in addition to the basic facts - other countries (citizens and the countries themselves) own vast amounts of our country - mines, factories, real estate, etc.

So "our country" is not even ours.
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Old 07-28-2017, 02:38 PM
 
964 posts, read 924,122 times
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Quote:
Originally Posted by shaker281 View Post
Sure it is possible, just look at Iran and North Korea!

But possible doesn't mean desirable.
I wouldn't say North Korea nor Iran are self-sufficient. They have their own trading partners (Russia, China, Vietnam, etc) and also receive foreign aid.
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