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romanmir01
The Young Turks
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Comments by "romanmir01" (@romanmir01) on "Shrimp: The Disgusting Truth" video.
and the reason why USA does not produce even though it has all this demand is because the government destroyed production capacity by destroying the value of money (inflation), by regulating the businesses out of US and into other countries. The most dangerous thing a US citizen can do is HIRE another US citizen. You lose all your rights once you become an employer, but the employees are a large voting block, thus they vote those who employ them out of the economy with regulations, taxes.
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@595o Obviously. If only USA didn't have the 53Billion USD/month trade deficit, I would have never made my comments, but USA does have this imbalance, which means it does not export to cover what it imports, thus USA is subsidized by other producer nations. Don't forget why you trade - it's called comparative advantage, so you export what you are good at to import something that somebody else is good at. It works if trade is balanced.
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USA has 53Billion USD/month trade deficit, it's not a surprise, because it is true, even sea food - 90% of it is imported even though USA is surrounded with oceans and has rivers and ponds, lakes, everything, but nobody is producing anything. Once the dollar is destroyed, people will have to work for food again. watch?v=cncdQ3qNaHM - 1:07:50 - USA imports 90% of all sea food. That's lack of productivity but there is plenty of demand. USA loves to eat, but it doesn't produce - thus crisis.
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