| I want to start with this thread in the morning. Right now, I am concerned it is to all emcompassing and therefore, will not be comprehensive. I like the book "Mineral Resources and the Distiney of Nations" by Youngquist. National wealth depends on mineral resources. The US and the USSR were the mineral richest nations in the modern world. I put that in past tense, because the US has exhausted its mineral wealth, and has shifted from an exporting nation to an importing nation. Exports gave the US banks money to loan to the world. The US is now borrowing money. What do readers think the US standard of living would be if it could not import and could not borrow money to pay for the imports? How long do you think this can go on before the US can no longer claim to be the richest nation? The US economy is bleeding regardless of socialism or free markets. Finite reality can not be denied forever. |