I think we are in for a world of hurt in the next few years, and we will not likely see the U.S. as the premier nation after all is said and done.
OTOH, I’ve long thought that letting the USD slide has been the plan all along — so that we can compete with third-world labor markets. It’s our only way out, though it will be very, very painful.
At some point, we have to start actually making things instead of being the middleman in the world’s financial transactions.
It has been, and will be, very interesting to watch how all this plays out.
I wish everyone the very best and hope we can all manage to get through it all safely. The sooner we get this over with, the better.
