Decline of US

Decline of US, Rise of China ‘Happening Much More Quickly Than Predicted’Martin Jacques, told Radio Sputnik that Trump’s withdrawal from the Trans-Pacific Partnership and demands that countries such as Japan and South Korea pay more for their own defense has heightened concerns.

The Death Of American Manufacturing In 1 Simple Chart
Manufacturing’s share of all U.S. employment fell to an all-time record low of 8.48% in May. While blame has been laid at the foot of globalization and technology, in fact it has been an almost non-stop decline since the end of World War 2.

Over 1,000 Stores Close in a Single Week
It’s been a tough week for the retail industry, with more than 1,000 stores closing their doors for good…Michael Kors announced it would be closing over 100 locations, and…Radio Shack closed 1,000 locations across America…More than 100,000 retail workers have lost their jobs since October 2016.

Auto Bloodbath: Lowest Domestic Auto Sales In Three Years Despite Record Inventories And Incentives
After abysmal March and April sales data, any hope for a rebound in the US auto market fizzled as overall cars sales declined again, with domestic light vehicles sales printing an annualized 12.59 million, the lowest sales number going back more than three years, despite record inventories and car discounts.

S&P, Moody’s Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State
Illinois had its bond rating downgraded to one step above junk by Moody’s Investors Service and S&P Global Ratings, the lowest ranking on record for a U.S. state, as the long-running political stalemate over the budget shows no signs of ending.