Then they’d ship them to China, refurbish and reuse what the Americans didn’t repair, and pay workers $50 per month to break apart the ones that couldn’t be fixed. The remaining copper was sold for prices that, in those days, started around $1. Think about that: in the 1980s you could obtain, for free, something potentially worth over $10,000 the moment it hit Chinese shores. How many things are worth fifty times more in 2012 than they were in 1988? Internet and tech stocks aside, I can’t think of any. Yet I guarantee you there isn’t a single analyst on Wall Street with a chart tracking the
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