Will I give you a crash course in Economics Dalymount might help you understand whats occuring .After WW2 the yanks made everything as they were never bombed and their industries were ready to go while the rest of the world repaired damage .You remember nearly every new car in Ireland was a Ford .American industries and Stock market boomed .Then in the 60 Nixon done away with the Gold standard .The gold standard was, you could only issue paper money equal to the amount of treasure Gold you held in Fort Knox. Britain originally issued based on Silver they held as in Sterling .The idea was if you done away with the Gold standard then American Banks like Goldmans ,Lehmans BOA could loan other countries money to but American made products boosting the American Economy .Then in the 70s an economist suggested the only duty any company had was to its SHAREHOLDERS ,this changed everything before you had a duty to your employees and community now it was just the investors and shareholders .So if you could build a computer cheaper in China or Ireland you moved your production .The stock market loved it more profits but jobs were lost and Society suffered .Then Maggie and Regan bought into it and Reganomics was born that it was market forces and everybody for themselves .
Now comes the problem all of the American low skilled jobs were exported to China so the Americans that live in houses with wheels could only get service industry low wage jobs like Mc Donalds or Car washes or Uber Drivers .But China also got the high tech jobs like Apple Phone and Computer assembly they controlled the supply chain that kept American industry like Aeroplane and automobile assembly going and they like Ireland, for tax reasons to boost corporate earnings and drive Shareholder returns they took over the American Pharma industry .
Trump promised to bring home jobs as he realized EVERYTHING in his Hotels and Golf courses were made in China on behalf of USA companies from Pringle shirts to Ping Golf Clubs .He offered a tax cut to American industry to bring back jobs but he is a fucking moron was played by smarter people and the tax deal he offered allowed money be repatriated and paid out to shareholders without any jobs coming home .American Business Played him for the Fool he is .Angered by having his own people literally shit in his mouth he went up a Notch .He threatened the Chinese Economy with Tarriffs to try and make imports more expensive in the hope that American companies would move production home to the USA but again the Fucktard didnt realize if you tax Chinease imports that American Companies chasing profit for share holders would just move their production to a different cheap manufacturing country like Vietnam. Those industries are never coming home .American Business sold out American workers in search of Profits .They Hollowed out the American Dream and created an American Nightmare .Bit like we did as I have posted loads of time Look around your home and see how much of the stuff in it is made in Ireland .The World sleptwalked into depending on China for cheap crap Governments liked cheap Chinese crap as it fed peoples desire for cheap crap and kept down wages .The only exception being in the Property markets as wages were kept artificially high so property could be expensive and American and European share holders of banks had some where to invest their profits from their share holdings in companies that made profits from cheap Chinese imports .
Now the problem due to the huge loss of manufacturing jobs in America and Europe there are not enough people earning to be able to afford the expensive property so the system needs to be rebooted .Trump tried to do it with Tarriffs my best guess is China countered with this virus destroyed the financial base of America no profits to invest for years to come as taxes will shoot up to pay for this virus .For the first time ever, most people who admired America they were envious of America they wanted to be America today they Pity America .The American Dream is over Nixon started it Milton Freeman gave it a push Regan threw fuel on the Fire and Trump put it on Suicide watch .
