Re: The amount of winning is breathtaking, really.

quozzel

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Apr 29, 2025, 10:07 AM

What's worse is that we were way out in front just four months ago.

The thing I can't get over is, we were already doing what we needed to be doing. After COVID everybody was like: hey, you know, these long supply lines are a bad, bad idea and let's shorten them and bring them home, and China's not just a truly awful trading partner that behaves like a bagful of d!cks to everybody, they'll also steal your IP, slap government subsidies on it, and then undercut you with your own freaking product. And international businessmen are not stupid people; industry had already gotten those messages and were duly coming back at massive scale across the pond. Yeah, a good bit of our manufacturing was heading to Mexico, but that's also because there's just not enough labor in the US - or nearly enough - to build everything a modern technology stack needs to support itself. Actually, not only can the US not build it ourselves, we were also going to need every bit of Australia, New Zealand, Japan, South Korea, and Taiwan on top of Canada and Mexico, and we were going to need a huge pool of unskilled or at best semi-skilled cheap labor to run the factories for a lot of the lower-value-added links in our supply chains, and the best place for that is at the moment is Vietnam; they offer everything the Chinese did 30 years ago and have the added benefit (and limitation) of having just 100 million people to China's then more-than-a-billion, and they're not going to turn into the 400-pound gorilla in the room and try to push us aside as Alpha Dog the way the Chinese have been attempting.

Anybody with even a passing knowledge of demographics knows there are bad, bad things coming for a lot of the rest of the world, and a lot of first-world and even developing nations are about to start vanishing from it. Look at places like Germany, Italy, and Greece and you'll see it's already starting, and while China is doing their best to hide it, they're in even worse shape and their future is dark. North America was going to be one of the only viable safe ports in the storm when it arrived; all we had to do to keep, you know, winning, was to keep being safe and stable and stay the course. Even weak and at times nonexistent leadership like Joe Biden's would have been enough.

Instead we went and got ourselves Trump, again. Stupid, stupid, stupid us. We are literally putting the ball on the ground on the 1-yard line, and we need to pounce on that fumble now before it becomes a scoop-and-score.

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There are far too many variables in play right now for Goldman to offer a comparison if projected GDP & Inflation projections for the USA vs any other major economy.

Let’s take Germany. They themselves have just reduced their GDP growth downward to nearly zero. That is why they’re violating their own constitution so that they can print $2T (US dollar equivalency) in hopes of stimulating both their economy (primary objective) and the rest of the EU (secondary objective). That German cotton candy high will be the basis which temporarily juices their economy, but will fundamentally weaken Germany as a country.

To those who had not been paying attention, America’s recent blast of government spending created lots of un-needed government jobs which expanded the upper middle class, but in so doing disproportionately depressed the middle class/ lower middle class. Biden admin maxed out the FedDebt limit ‘credit card’ with the debt limit being reached on - - - January 20. If Germany takes the easy way of juicing their economy by following the Biden Handlers Admin example, then Germany will become a metaphorical larger tree trunk - but with a rotted out core.

P.R.China is past due to take a write down of their ‘ghost cities’; when they finally fess up and write down that ~$1T+ (US dollar equivalent) amount, then that will come directly off PRC’s GDP. In other words, a huge NEGATIVE number as far as P.R.C.’s GDP growth.

What a ridiculous projection by Goldman Sachs. They must be using bird brain Lawrence Summers as a consultant.

The amount of winning is breathtaking, really.

Can we throw him out now before he fuggs up more?***

Everyone knows Goldmann Sachs is a just a puppet for