Milk $6

Once PayPal stops paying anything o/seas in USD, the game will be up, no one can still trust the USD will remain at a fixed value, it isn't fixed to anything, so it can move at any moment.

I believe that was the idea behind moving everything back to the US, so when the USD is devalued to reduce the huge govt debt, it wouldn't hit the US economy so hard because less would be imported ..... the fact that just about everything made in the USA is from local and imported goods wasn't factored into this great plan .......

The debt is still climbing at an alarming rate, there are even less people employed in the US that doesn't directly or indirectly cost the govt tax $$ that is reducing by the day ...... it can only end one way, it is just being pushed further down the road, but at an ever reducing pace ...... simply shutting the govt down so no real wages, unemployment and the state of the economy results will be available until the New Yr, the only desperate hope he has is the Thank Giving and Christmas retail spend and short term employment will make the numbers look better ...... You are the people living there, what as the chances that will happen, can people actually afford to buy up big for Christmas?

Is that what the promised money gift is all about .... trying to boost retail trade? Will it really just vanish into catching up delinquent bills and maybe give people another mth before things really start to collapse around them?

When the Aust govt did a few rounds of $$ handouts, the sales of flat screen tv's skyrocketed ..... at least they could watch reruns while locked down as a result of covid .... maybe they looked better on a giant flat screen tv

What the lockdown did do, was make everyone reassess their work/life balance, resulting in under employment in the trades and a savage increase in price to get anything built/fixed ..... at least without the work pressure crushing the life out of people, they all seem to be happier ....

T1 Terry

 

IMHO; there really wasn't a REAL plan - Just some huckster with a pipe dream that had Donald's ear. The devil is in the details. We don't have the infrastructure or raw materials to simply drop a factory somewhere and have it start producing worldwide competitive products. We should be enhancing and shoring up our own competitive advantages and start planning LONG-TERM; NOT quarterly like most large corporations here. Stuff like this doesn't happen overnight; it takes time and planning to lay down the groundwork; if you want it to be successful.
Now they're attacking schools and hamstring research, that has keep us ahead of the pack. Again short-sightless and shooting ourselves in the foot to pursue 'junk-science'.

They don't really teach fiscal responsibility in grade school; it's an option to learn it in college. The 2008 housing crisis, with all the lair loans - no-one went to jail and the US gov't ended up "holding the bag". There were so many foreclosures and bankruptcies that banks started to lower their lending standards; just to get people back onto the thread-mill. Most of us 'ante that smart', or I'm just too honest to take advantage of the situation. I know plenty of people that have a high income that banks should've garnished their wages. The banks just let them walk away, so they could buy another house 18 months later - starting the cycle all over again. Fiscal responsibility is an excuse that both parties use, when they can't justify why they're not doing something to actually help their constituents. They rather send 40 billion to Argentina, than pay SNAP benefits to American families. Or shooting million dollar missiles at 'drug boats'; then pardoning a convicted drug trafficker (Juan Orlando, ex-Honduran president). What's the reason we're going into Venezuela again. They won't authorize another Trump Resort and Spa in their country like Vietnam?
I believe we are entering into "the lost decade" like Japan. A lot of baby boomers are exiting the work force, further straining government coffers. It doesn't help that the current administration is spending like a drunken sailor - no offense to actual drunken sailors, and thank you for your service.....

Sorry for the long rant - getting off the Soap-Box now......

 

Oh that's not a long rant