OTCPK:MEAOD - Post by User
Comment by
JRaffleson Jan 04, 2013 3:11pm
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Post# 20799234
RE: Cliff Resolved?
RE: Cliff Resolved? Consumer spending counted as GDP is counter intuitive as, say, 80% of manufactured product is from the far east. however, the powers that be seem to prefer to keep costs down with cheap imports and run up debt. The time will come when the West will have to cut consumer GDP and invest in manufactured plant for home production, even though costs will be higher. Otherwise that wealth gap will never close. The ultimate rejection of fiat dollars will force bankers and politicians to follow that path, if they do not have gold backed currency to pay for imports.