Most boomers don’t really know how money works. They only had their lifestyle because of American manufacturing and taxing the world though usd printing. We gave those jobs to China, and now the money printing can’t tax the world as much because every country has been dumping Treasury bonds.
Even if we get the jobs back, the debt and inability to world tax wouldn’t bring back the same level spending power. We would have to pay the debt back which would cause a 20 yr recession.
At this point, it would be easier to learn Chinese and move to the next world power.
Most boomers don’t really know how money works. They only had their lifestyle because of American manufacturing and taxing the world though usd printing. We gave those jobs to China, and now the money printing can’t tax the world as much because every country has been dumping Treasury bonds.
Even if we get the jobs back, the debt and inability to world tax wouldn’t bring back the same level spending power. We would have to pay the debt back which would cause a 20 yr recession.
At this point, it would be easier to learn Chinese and move to the next world power.