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10 hours ago, Haskell_Hunter said:

Manufacturing won't solve any problems.  Bringing it back won't make anything better.  Our economy is not a labor-based economy anymore.  It is a knowledge and information based economy.  That's why we have the growth and innovation that we do.  Labor is just nostalgic, but it doesn't add more to the growth of our economy.

So the millions of jobs lost in manufacturing.

steel workers 

auto builders etc that we allowed to go,over seas didn’t effect your US economy .

All those people just left for India where they answer your tech calls.

Big Pharma doesn’t work here, they don’t manufacture here .

all that money is over seas that used to be here.

we don’t build places where masses work anymore, we build Data centers where 4 guys work in the same foot print that thousands use to work .

we let illegals do all the dirty work, that the computer guys are too good to do.

 

if you can’t see how much we lost allowing that to happen your blind.

 

.

Captain Dan Bias

REELMUSIC SPORTFISHING

50# Striper live release club.

 

http://reelmusicsportfishing.blogspot.com/

 

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3 hours ago, hammer4reel said:

So the millions of jobs lost in manufacturing.

steel workers 

auto builders etc that we allowed to go,over seas didn’t effect your US economy .

All those people just left for India where they answer your tech calls.

Big Pharma doesn’t work here, they don’t manufacture here .

all that money is over seas that used to be here.

we don’t build places where masses work anymore, we build Data centers where 4 guys work in the same foot print that thousands use to work .

we let illegals do all the dirty work, that the computer guys are too good to do.

 

if you can’t see how much we lost allowing that to happen your blind.

 

.

If that is truly the case, then why does the economy continue to expand every year?  Why does our standard of living continue to rise?

It's because the economy is shifting away from lower-paying labor jobs to higher paying knowledge jobs.  This process in turn raises the standard of living for everyone in this country.  We will never eliminate labor jobs from the economy, but there is already a shift going on and it has and will continue to do so.

Sapere aude.

Audeamus.

When you cannot measure, your knowledge is meager and unsatisfactory.

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On 11/30/2021 at 7:22 PM, Haskell_Hunter said:

Borrowing money doesn't stimulate the economy, which is what these spending programs are doing.  They are prolonging an inevitable correction that is only going to be catastrophically worse in the future.

We don't have a spending problem in the economy right now, we have a supply problem.  By pushing the spending end of the equation, we are fueling inflation.  If the next spending act passes, it'll be like pouring gas on that inflationary fire.

There are too many dollars in the economy right now.  THAT is the problem.  It was done to stave off a recession, similar to the one the Obama administration faced after the housing bubble.  However, they weren't dealing with a supply issue at the time like we are now.  We need to stop adding more dollars to the economy right now and start taking a lot of them out.  Otherwise, this inflation will not be transitory and will become more permanent.  It's also happening in Germany and throughout the Eurozone.  I've been following it since May, and my predictions have largely come true.

 

Haskell, I agree with you completely on the oversupply of capital (not just dollars).

But, yes, investing in projects that magnify the dollars spent in them DOES stimulate the economy. At times it stimulates the economy too much. That's one recipe for inflation. At other times it stimulates us out of a recession or depression.  Keynesians are not completely wrong.  

One problem with your idea of taking out dollars from the economy is that it'll make it harder to pay the debt that skyrocketed under the previous admin, and continues to grow. To some extent we need inflation to pay down the debt. Or, put slightly differently, to raise rates around the world and effectively slough off our debt payments onto other countries.

 

 

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On 11/30/2021 at 8:56 PM, Haskell_Hunter said:

Manufacturing won't solve any problems.  Bringing it back won't make anything better.  Our economy is not a labor-based economy anymore.  It is a knowledge and information based economy.  That's why we have the growth and innovation that we do.  Labor is just nostalgic, but it doesn't add more to the growth of our economy.

It may be why we have the very particular sort of growth and innovation that we do right now. But it also contributes to jobs and mentalities that bust unions and do away with the high-paying working class jobs typical of post-WWII USA.  Our knowledge and information-based economy has a lot to do with today's inequality as well as the power of residents of places like San Francisco, Manhattan and Austin.  Growth in the knowledge economy correlates really well with growth among a smaller and smaller percentage of Americans' wallets. That's not to say bringing back industry is gonna work.

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10 hours ago, Haskell_Hunter said:

If that is truly the case, then why does the economy continue to expand every year?  Why does our standard of living continue to rise?

It's because the economy is shifting away from lower-paying labor jobs to higher paying knowledge jobs.  This process in turn raises the standard of living for everyone in this country.  We will never eliminate labor jobs from the economy, but there is already a shift going on and it has and will continue to do so.

who's "our"???

how do you measure an expanding economy? Goods and services bought and sold? So expanding the money supply and US debt increases the economy, by the numbers, right? 

Edited by JFC1
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On 11/30/2021 at 9:15 PM, OldMenRule said:

An infrastructure bill that actually tends to the nations ailing roads and bridges is political folly. I believe a very small percentage of the recent bill actually goes to infrastructure. The rest pays off cronies and other political allies. Build back better is nothing more than a Marxist wish list which will cause an economic tsunami. But at least we will all be green....

  

maybe you should actually do a little hunting, sit in the woods, get your head on straight??

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On 11/30/2021 at 6:15 PM, BHC said:

See the price of beef? Its insane....and agree whoever voted for that POS Biden they are part of the problem 

all my red meat comes from deer. I don't even look at the price of beef.

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On 11/30/2021 at 9:59 PM, Haskell_Hunter said:

You'll definitely see some changes.  More manufacturing will move to South and Central America.  If those countries could stabilize their governments, they would become rich overnight.  But even so, there are supply chain issues with South America.  Some US companies are moving manufacturing to Vietnam and other satellite countries around China.

Mineral extraction, reprocessing, and manufacturing are all centralized in China right now.  That's why they can make cheap parts, because they own the supply chains within their own country.  We don't extract anything much out of the ground anymore in the US (thanks Dems), so we don't have raw materials to go from ground to product like China does.

China is making massive infrastructure investments in Africa.  Eventually the cost of living in China will get too high to support cheap labor, and they are making investments in Africa to move their manufacturing there.  The seeds are being sown.

There are domestic lithium stores that are being tapped in to now and some small, emerging companies at the forefront of that.  China dominates the market in that regard, but the necessary global supply is enormous and getting larger daily.  I think there is money to be made in these operations. 

Edited by not on the rug
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