Will Capitalism Collapse If Americans Stop Consuming?

Some believe if the American Consumer stops spending money that the American Economy will collapse. This line of reasoning is utter hokum indeed. We can self sustain if we would slow the monetary outflows from our nation to foreign lands which do not reciprocate in kind and buy our goods.

For instance we have nations like Mexico who charge me 50% import taxes on the equipment I sell there, yet they have no taxes on products coming this way, while we put factories there and hire them and pump money into their economy. Additionally each week billions are sent back to families of workers who are hear both legally and illegally. If our money circulates within our borders or flows out and comes back and circulates around the world, we will be fine. But the issues of trade deficits with Mexico is only part of the over all widespread problem. Indeed we have such issues in Middle East (oil) although to their credit they do reciprocate more than the Chinese and just think how much.

Recently in an intellectual conversation a gentleman stated: