We currently have 9.8% unemployment among citizens, and probably 55.0% or higher unemployment among 20 million illegal aliens.
That's very consistent with what the doomsayers are telling you.
Now, let's go a little further ~ by tonnage American industrial production continues to move ahead, but the dollar value is far lower. This is due to dramatic increases in productivity. Robotics and computerization will continue to reduce the cost of things ~ and we've just gotten started on that process ~ which is 100% deflationary.
I think what you are up against is using Old Economics that assumes the utility of money to evaluate New Economic conditions that work with or without money.
“Robotics and computerization will continue to reduce the cost of things ~ and we’ve just gotten started on that process ~ which is 100% deflationary. I think what you are up against is using Old Economics that assumes the utility of money to evaluate New Economic conditions that work with or without money.”
I think you’re really on to something here, and I would add that the real costs associated with food production are getting much lower too. Still, even if economic conditions are starting to work with or without money, how does an individual function (or survive) within this new paradigm without money?