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Silver Wheaton Corp. Message Board

  • quailrunrd quailrunrd Sep 3, 2012 3:36 PM Flag

    Lost jobs in America are NEVER coming back

    Once again, Charles Hugh Smith knocks it out of the park with his latest article documenting the decline of the American workforce and connecting the dots showing how technology is no longer the driver of job growth, but actually the catalyst for job destruction. And of course, since politicians should no longer promote the idea that our country will eventually "grow" it's way out of our debt problems, then one can easily conclude that our current debts are absolutely unpayable. Smith concludes his article with suggestions for a new mindset for dealing with the inevitable contraction in job opportunities which I also found to be rather unique...but quite impossible since his plan would ultimately require a central "planner" or "organizer" to implement his idea. Fascinating read....regardless.

    And I submit, that understanding concepts such as Smith's lends itself to understanding the wisdom of investing in PM's. Although the article does not address the declining worldwide tax base (generated by declining state revenues) coupled with attempts to sustain if not grow expensive social programs, western currencies are doomed for the dustbins of history.

    And, as Jim Rogers now advises....."be productive in today's world... become a farmer!"

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