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Outsourcing production of virtually everything has brought US to brink of nightmare economy scenario

Outsourcing production of virtually everything has brought US to brink of nightmare economy scenario ....

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Outsourcing production of virtually everything has brought US to brink of nightmare economy scenario

Many of the imbalances that are contributing to the nightmarish shortages that we are currently witnessing are not going to be solved any time soon. Ever since I started The Economic Collapse [.] ....

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This Week In Credit Card News: Lucrative Rewards Returning To Credit Cards; Raising Prices By Downsizing

What took place this week in the credit card and payment industries ....

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Outsourcing Production Of Virtually Everything Has Brought US Economy To Brink Of Nightmare Scenario

Many of the imbalances that are contributing to the nightmarish shortages that we are currently witnessing are not going to be solved any time soon. Ever since I started The Economic Collapse Blog, I have been warning that outsourcing the production of just about everything and running massive trade deficits year after year would eventually have very serious consequences down the road. Well, now we are officially “down the road”, and our incredibly foolish trade policies have put us in a very precarious position. During the “good times”, being extremely dependent on the rest of the world to make stuff for us wasn’t a problem, but now it is rapidly becoming a national security issue. ....

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