The purchasing power of Americans has been unequalled for the past several decades. This has been made possible by the high paying jobs created by our manufacturing sector. These jobs insured a wealthy middle class that could buy anything they wanted.
These high paying jobs meant that some of the wealth created by making things went to the workers. Before long, corporations began working on ways to keep more of that wealth. Enter the free trade agreement. By drafting and passing a number of free trade agreements, the corporations created a way to make their goods cheaper with overseas labor and keep more of the profit for themselves and their Wall Street owners. The deep pockets of the middle class began to dry up.
A thinking person might eventually come to the conclusion that destroying middle class jobs and the purchasing power of the middle class would be shooting themselves in the foot. With less income and purchasing power, the corporations would create a shrinking American market for themselves eventually. That is what we are seeing now.
So, what do you do when your cash cow begins to dry up? You turn it into hamburger. Just like all of the other third world countries that provided raw materials for these corporations to prosper, America will now become a supplier of raw materials for the next rising power to use. That rising power will likely be China with its large untapped populace. They have the gold and the manufacturing capability now. All they need is a good supply of raw materials and they can develop their own middle class and the corporations will be in the clover once again.
America is in debt up to its eyeballs but we still have large amounts of natural resources. Multinational corporations are chomping at the bit to get their hands on these resources so they can renew their ponzi economic model with another rising economy.
Between here and there they must break the American consumer and take everything they have and then get them out of the way so the strip mining can begin in earnest. When you look at the larger picture that is taking shape, that is where we are headed. Chinese corporations are gobbling up everything they can get their hands on right now all over the world including in America.
Those who say the U.S. will be invaded are a little late. The invasion has already started and the invaders have taken the form of corporations. If anything gets in the way of this resource extraction, that is when you will see the troops arrive under some pretence to help the people. Actually their main goal will be to secure the resources.
When troops start arriving that is when Americans will start fighting back by any means at their disposal. For all intents and purposes it will be an all out war on American soil. Regardless of what people perceive the reasons for this war to be it will ultimately be for resources.
You may ask why they do not just keep America prosperous and continue the gravy train. The main reason is that entitlement programs have gotten out of control. They are now spending too much money supporting people who do not work or produce any value in society. To simply take this money away would cause the same chaos that will erupt by destroying the economy but economic destruction will enable them to secure the resources with few people realizing what is really happening. Its all about controlling the amount of blowback from the people and the best way to redirect and contain it.
In the end America will become a third world economy or something worse. The people have the means to retain control of the nation and someday rebuild some of our infrastructure but that depends on the people and how much they want to remain free and in control of their future. As long as half of the population can get paid to sit at home and do nothing we will not change the course we are on. Change will only come when it is forced on the people and they decide to set a new course. Unfortunately, many may elect to do as they are told by the government and hope the free stuff will once again start to flow. Those people will be very disappointed, at least as long as they remain alive.