Author Topic: US poised to become world's only superpower  (Read 672 times)

Offline sledge

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US poised to become world's only superpower
« on: March 13, 2014, 11:30:23 AM »
US poised to become world's only superpower

"I've been traveling around the U.S. for the past 18 months and have noticed enormous changes. They're not driven by the Federal Reserve's easy money policies, although many of the positive changes taking place in energy, manufacturing, technology and retail sales could not have happened if the Fed, namely Ben Bernanke, had not saved the economy from another Great Depression.

http://www.cnbc.com/id/101488314?__source=xfinity|mod&par=xfinity

By: Ron Insana

Thoughts anyone?  The term  "manufacturing renaissance" made me scratch my head.

I'm wondering if this guy is producing propaganda for anyone, and if so who?  He mentions a meeting of hedge fund managers ( remember, those guys who along with our illustrious politicians helped get us into this mess to begin with) but he refuses to name who they are. 



In the pursuit of liberty, many will fall. In the pursuit of fascism, many will be against the wall..........   Courtesy of Xydaco

Offline JohnyMac

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Re: US poised to become world's only superpower
« Reply #1 on: March 13, 2014, 01:38:39 PM »
IMO, the author has no stats to back up his comments.

Maybe the author is thinking optimistically about manufacturing because of the potential energy that resides below our feet. We just have to be able to get it.

Wellie could probably speak to housing better than I but according to the real-estate brokers I know, are singing the blues.

We could be 100% energy sufficient if companies were allowed to expand on government land. With that said, the Marcellus gas drilling in PA and W.VA. not to mention in the Dakotas is helping the USofA to be the largest producer of natural gas around the globe. I was talking to a geologist last week who is overseeing the drilling around our cabin and he told me that we were in the bottom of the first inning on the Marcellus field with basically 8 inning's to go. Below the gas is sweet crude oil.  :thumbsUp:

A good example is the State of New York does not allow fracking. So even though the Marcellus gas field extends into the southern tier of that state, gas companies can not drill for it. Gov. Cuomo is trying to get that law/moratorium changed but he is being fought very well by a small group of environmentalists.


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Offline DMCakhunter

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Re: US poised to become world's only superpower
« Reply #2 on: March 13, 2014, 03:21:05 PM »
There are a few points that need to be flushed out:
The Fed and depression - the old adage of you need to take your medicine when you need it. We have been misled, instead of solving a solvable problem, they have made it so that by 2030 we will have a full blown depression that will last a long time. Now the hole is so deep we cannot get out.
The manufacturing renaissance is indeed true. More technology and more jobs (for now), however, there is technology now that will eliminate jobs in the future. Specifically, all of the new printing technology. they can print everything from oreo's to guns (metal not just plastic) and this will completely change the way people work and especially their skill sets. You will need one person to design the part and a few techs to keep the machines running. This will result in a loss of skilled labor. Same with food, print what you want to eat. This might be a stretch today, but rest assured it is coming. All this advancement will happen with fewer and fewer jobs needed. Where will the jobless go for work? Support themselves and families?
Energy - while the airwaves and talking heads claim we are awash in fuel, there have been shortages this winter, specifically in propane. Also, we are using less gas and diesel, due to a combination of better fuel mileage of the vehicles and that Americans are just driving less due to the cost. While we can take care of ourselves at our current demand levels, we are not ready to supply a lot of finished materials for anyone else.