sowack on Nostr: Being the global reserve currency most certainly warrants outsourcing your ...
Being the global reserve currency most certainly warrants outsourcing your manufacturing base and changing to a consumption based economy. Your currency will be too strong to do anything else.
Only way I see the US bringing back its manufacturing to the homeland in a meaningful way is to allow for nominal wage deflation. The way to pull that off is to revalue the gold that the Treasury has in its vaults
Published at
2024-07-15 23:52:00Event JSON
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"content": "Being the global reserve currency most certainly warrants outsourcing your manufacturing base and changing to a consumption based economy. Your currency will be too strong to do anything else. \n\nOnly way I see the US bringing back its manufacturing to the homeland in a meaningful way is to allow for nominal wage deflation. The way to pull that off is to revalue the gold that the Treasury has in its vaults",
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