by Jeff Berwick, Dollar Vigilante:
There is a brain drain taking place. And no, it’s not from Ethiopia, Malaysia, Jamaica, Mexico, South Africa or any of the usual suspects. It is a little known brain drain, but it is a very real one, and it is taking place from the former sole superpower of the world: the United States.
Renunciations from the US have reached a new record for 2013, breaking the previous record set in 2011. People the world over are Going Galt.
Once this multi-year (or maybe multi-decade) process of increasing renunciations from the US is said-and-done, and the history books have been penned, it will unequivocally be understood as the nail-in-the-coffin for US society competitively on things like trade.
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