Originally Posted by
pinklather
Without diving into detail, we could also show how US mfg has *increased* in the US in the last few decades - while the depth and breadth of industries - and the jobs have evaporated.
An interesting view would be # of industries and % of population employed in mfg.
The issue is less an aggregate or total financial output - 5 min. of programmed trading in stocks & futures can outperform years of normal output - but what provides a stable and robust economy vs the frail economy vulnerable to boom & bust.
'Nothing new is going on. Calamities from monetary manipulation are as old as currencies themselves - from ancient Romans shaving coins to the 'Merchants of Venice' (banksters of their day) almost bankrupting Britain by manipulating the preference for gold over silver or vice versa.
In our present cycle, the more historically savvy responded to the '07-'08 panic by saying - they'll erase the middle class. We're just talking now about that erasure and how to survive it.
'Hope you & yours are doing better up north than our foolishness here.