The US used to be the biggest industrial center in the world. After Nixon dropped the gold standard they sold off that massive infrastructure to the 3rd world, and now the US is a fake and gay "service economy" which looks good on paper, but its only purpose is to act as a parasite and siphon away any last value that exists.
The "service economy" is basically a giant welfare project from the US government that is only maintained because the US has the strongest navy in the world and can borrow indefinitely because the dollar is the reserve currency. About 60% of our workforce is either directly or indirectly dependent on government spending for employment. Healthcare is either the top or one of the top sectors.
The dollar was already fucked from way before that. Taking off the gold standard had been done de facto when they seized everyone's gold in the 1930s under FDR.
The US used to be the biggest industrial center in the world. After Nixon dropped the gold standard they sold off that massive infrastructure to the 3rd world, and now the US is a fake and gay "service economy" which looks good on paper, but its only purpose is to act as a parasite and siphon away any last value that exists.
The "service economy" is basically a giant welfare project from the US government that is only maintained because the US has the strongest navy in the world and can borrow indefinitely because the dollar is the reserve currency. About 60% of our workforce is either directly or indirectly dependent on government spending for employment. Healthcare is either the top or one of the top sectors.
I work in healthcare and its 99% government spending, subsidies, reimbursements etc.
Yeah. We are just delaying the collapse. We probably wouldve collapsed like the soviet union by now.
The dollar was already fucked from way before that. Taking off the gold standard had been done de facto when they seized everyone's gold in the 1930s under FDR.