Does anyone really want to hear that America is in decline?
For decades, most of us have been raised to believe that the United States is “number one” and that anyone who doubts that fact is a “gloom and doomer” that should just pack up and move to “Russia” or “Iraq” or some other country where things are not nearly as good.
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But does it do us or future generations any good to ignore the very serious signs of trouble that are erupting all around us? The truth is that it is about time to wake up and admit how much trouble we are actually in. The U.S. government is absolutely drowning in debt.
The entire society is absolutely drowning in debt. We are being slaughtered in the arena of world trade, and every single month tens of billions of dollars (along with large numbers of factories and jobs) leave our shores for good. Our infrastructure is failing, our kids are less educated and our incomes are going down. We have serious, serious problems. At one time, the U.S. economy was so dominant that it was not even worth talking about who was in second place. That is no longer the case in 2010. Our forefathers handed us the greatest economic machine in history and we have allowed it to fall apart right in front of our eyes. A national economic crisis of historic proportions is getting worse with each passing month, and yet most of our leaders seem to be asleep at the switch.
So is American in decline? Well, read the statistics below and decide for yourself. The reality is that when you start connecting the dots it gets really hard to deny what is going on.
Urgent action must be taken if things are going to be turned around. It is time to get our heads out of the sand. It is not guaranteed that the United States will always be the greatest economy in the world or that we will even continue to be prosperous.
For many Americans, it will be incredibly difficult to admit that our nation has become a debt addict and an economic punching bag for the rest of the world.
But if we are never willing to admit what the problems are, how are we ever going to come up with the solutions?
What you are about to read below is going to absolutely shock many of you. But hopefully it will shock you enough to get you to take action. We desperately need to change course as a nation.
The US once had the highest proportion of young adults with post-secondary degrees in the world. Today, the US has fallen to 12th
One prominent economist says that the Chinese economy will be 3 times as big as the US economy by 2040
According to a study by Thompson Reuters, China could become the global leader in patent filings by next year
The US has lost approximately 42,400 factories since 2001. Approximately 75% of those factories employed at least 500 workers while they were in operation
As the end of 2009, less than 12 million Americans worked in manufacturing. The last time less than 12 million Americans were employed in manufacturing was 1941
The US trade deficit is running about 40 or 50 billion dollars a month in 2010. That means by the end of the year approximately half a trillion dollars (or more) will have left the US for good
Today, the US spends approximately $3.90 on Chinese goods for every $1 that China spends on US goods
If the US trade deficit with China continues to increase at its current rate, the US economy will lose over half a million jobs this year
American 15-year-olds do not rank in the top half of all advanced nations in maths or science literacy
Median household income in the US declined from $51,726 in 2008 to $50,221 in 2009. That's the second yearly decline in a row
Since the Federal Reserve was created in 1913, the US dollar has lost over 95% of its purchasing power
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