Guys, lets establish some facts.
1. The US is the largest economy of the world.
Sure . They spend the most based on borrowed money . Once they have no financing , they are bankrupt . Would you sell products to a bankrupt entity forever ??
2. It has world leading technology.
Sure . Google , Microsft , Lockheed etc hires thousands of talented and intelligent individuals. Heard of mobility of labour ? If India can increase their salaries by tenfold, and many of them will move.
They are just private individuals & companies ; they will follow the money..LOL
There is a clear distinction between a corporation , and a country .
The country is bankrupt .
4. It has a population of 250 (?) million hard working and capable people.
Really ? Oops..Really ???
You know that nearly one million yanks applied for a janitor job recently at minimum wage ??
McDonalds reports that as part of its employment event to hire 50,000 minimum wage, part-time (mostly) workers, subsequently raised to 62,000 it received a whopping 1 million applications
Alas, the US economy is now so pathetic that the bulk of the population will settle for anything. Literally anything. And the saddest part: over 938,000 applicants were turned away. Here's hoping to Burger King needs a few million janitors in the immediate future too. And yes, aside from reality, things in America are really recovering quite nicely.
McDonalds Hires 62,000, Turns Away Over 938,000 Applicants For Minimum Wage, Part-Time Jobs | ZeroHedge
Now the yanks are even becoming ILLEGAL IMMIGRANTS to Australia.
The largest groups of overstayers are from the UK and USA. Most came as tourists or on working holiday visas
Refugee Council of Australia
5. It provides a massive market to many countries, without which there will wholesale recession.
Sure . They spend the most based on borrowed money . Once they have no financing , they are bankrupt (again) . Would you sell products to a bankrupt entity forever (again) ??
7. It has massive financial holdings and investments all over the world.
Sure . They spend the most based on borrowed money (again ) . Once they have no financing , they are bankrupt . Would you sell products to a bankrupt entity forever (again ) ??
Lets REBALANCE our views.
I fail to see the blind faith certain individuals from the sub-continent continues to have , in an entity , that has become a parasite to the Global Economy .
Putin says U.S. is parasite on global economy | Reuters
We all have problems, but let's solve it without hurting others.
The USA needs to STOP using credit AND live within their means ; until and unless they do so, they will continue to have serious economic issues .