We have been running on old money for decades. We used China for our slave labor, and now they make the best stuff and don’t need us. That’s why the US is 70% service industry now. We are basically two rich trust fund babies jerking ourselves from off surrounded by slave labor, but eventually we run out of money. We are at the running out of money phase
US post WW2 boom is over and they squandered it.
We have been running on old money for decades. We used China for our slave labor, and now they make the best stuff and don’t need us. That’s why the US is 70% service industry now. We are basically two rich trust fund babies jerking ourselves from off surrounded by slave labor, but eventually we run out of money. We are at the running out of money phase