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Almost all the job creation is in non-productive industries. I'm talking about jobs like nursing assistants, bartenders, lawyers, accountants, waitresses, marketing managers, real estate agents . How can we have economy based on these jobs? Who is actually producing anllything? Even "tech" companies like Google and SnapChat are basically advertising platforms for goods produced in other countries. Economics 101 says that our economy will collapse.
The United States is the world's second largest manufacturer, with a Q3 2016 industrial output (nominal GDP, annualized) of approximately $2.18 trillion, a record level. Real output in Q3 2016 of $1.92 trillion (i.e., adjusted for inflation) was still below the 2007 peak before the Great Recession of $1.95 trillion, but has generally been trending upward since reaching a trough of $1.71 trillion in Q1 2009.[6] The U.S. manufacturing industry employed 12.4 million people in March 2017.[5]
During 2016, the U.S. exported $1,051 billion in manufactured goods and imported $1,920 billion, a manufacturing goods deficit of $868 billion. The largest exports were transportation equipment ($252B), Chemicals ($174B), Computers and Electronic Products ($116B) and "Machinery-Except Electrical" ($109B).[8]
An economy based upon fiat currency, fictional debt, perpetual usury (and thus perpetual servitude), and continued confiscation of wealth from the people by the Central Banking Families will lead all of the world's nations to nothing more than a large private plantation for the Chosen Families of money-changers and shylocks.
Want to know the REAL reason for the ever growing consolidation of the world's wealth into the hands of an ever-shrinking elite? The Money Cartel will get richer and richer, while the rest of humanity will get poorer and poorer. The "economic" system, more accurately the money token system and banking scams are designed only to produce the consolidation of wealth that we see.
When the inflation gets rumbling, a whole lot of people are going to be left behind, with this new "economic model" in place. Won't be pretty. Liberal economics is based on a weak foundation of sand, waiting to collapse at any moment.
The fake recovery has been fueled by low wage job creation, replacing formerly good paying jobs. It's a proven farce for most of the American work force. People are working longer than ever, for returns that are simply not worth it. American workers now take fewer vacations than workers in Japan, due to this terrible economic model which is punishing for most.
America is becoming a second tier nation, thanks to loser liberal economics, which produces far too many losers and far too few winners. With dummycrats in charge, the only winners are the parasites on Wallstreet, who largely encouraged the flight of good paying jobs America out of America.
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