Outsourcing Production Of Virtually Everything Has Brought US Economy To Brink Of Nightmare Scenario | WHAT REALLY HAPPENED

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

Authored by Michael Snyder via The Economic Collapse blog,

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.

Webmaster's Commentary: 

This... is the bitter end of the service economy, so widely touted in the 80s, which gave large corporations carte blanche to produce and source product for the absolutely lowest possible cost.

Although President Trump was an abysmal failure in terms of some policies, on one issue he was absolutely correct; that was bringing the production of product back to this country, and recreating a robust manufacturing base here.

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