We ARE at 20% now, with 30 million Americans unemployed. See page 3: http://www.zerohedge.com/sites/default/files/The Dark Years Are Here.pdf
.................................................................................... Excellent post and point of view.... Another way to view the value of a country is to assume no exports, no imports.... Then what would be the changes ....? What would people have.....how would they move....just how independent is the country really....? What if the country did not make any cars....or have any fuel.....? This is a simple way to view the value of a country.... .......................................................................................... When one consumes by perusing the box retailers one seldom buys "made in the USA"....Also one is more likely to buy a foreign car than a domestic one....etc... Thus what can happen to change this picture....? Tax restructuring and the removal of legal largesse..... ......................................................................................... What would make capital more efficient ?....tax restructuring...and a universal securities exchange that cannot be gamed....or taxed.... Make banks local.... .......................................................................................... The US govt. has elected to implode...rather than to rebuild.... The reason ? Stupidity.....and a flawed political system....
http://www.fundmymutualfund.com/2009/07/misesorg-ben-bernake-is-wrong-video.html Here is some of the STUPIDITY.... And.....is still the US leader....