TFTC: A Bitcoin Podcast #647: How Globalization Destroyed American Manufacturing with Infra
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Aug 4, 2025 Explore how globalization has transformed American manufacturing since the 1980s, resulting in job losses and rising inequality. The discussion highlights a 'silent depression' marked by economic struggles and explores a call for economic nationalism. Delve into the potential of reshoring manufacturing and Bitcoin as a viable asset amidst financial instability. Examine how younger generations are impacted by stagnant wages and economic challenges, and reconsider traditional financial strategies in favor of innovative solutions.
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Globalization Hollowed Manufacturing
- Globalization since the 1980s offshored over 5 million high-paying manufacturing jobs for cheaper labor, hollowing American industry.
- This created wealth inequality, benefiting owners of financial assets and boosting the overvalued dollar, harming U.S. competitiveness.
Dollar Overvaluation Traps U.S.
- The dollar remains overvalued due to its reserve status, exacerbating trade imbalances and contributing to real wage declines.
- Previous systems allowed currency adjustments to correct imbalances, but the current setup traps the U.S. in unsustainable twin deficits.
Family Business Manufacturing Insight
- Infra's family company has manufactured goods in America for 75 years, showing the reality of domestic manufacturing.
- Despite automation, having any manufacturing locally is critical for national security and supply chain independence.
