Elaine Meinel Supkis
The United States International Trade Commission is filled with right wing traitors who cheerfully green light the destruction of the American worker, all in the name of reducing 'inflation'. This way, the Reserve can print money and not have it show up as inflation, making all the financiers very, very rich. Which is why they keep on doing this horrible thing! Time to see the raw data, the raw reports.
This study made for Bush and the New World Order religious fanatics is full of hellish visions of American workers reduced to welfare in the name of keeping inflation down via heavy imports from cheaper places, particularily China. Not to mention, Mexico.
This document is PROOF the gab about forcing China to reduce its trade surplus with the US is totally fake. They were not twisting arms but rather, pulling legs. Always, one must go to the source for information and the fact that most economic reporters cover the news without ever refering to the core documents or past history is why we are so ill-informed.
But this isn't accidental! This is malicious and deliberate. They don't want anyone to know what the New World Order is up to. The recent deal to increase flights carrying Chinese workers and to increase the penetration of Chinese financial markets by Americans seeking wealth, removing it from the US and investing in China: we were conned, we were betrayed this week. As I expected.
They are expecting more people on welfare, another $3.7 billion worth! Note that these same heartless creatures are also the architects of cutting welfare in the name of moral uplift. These are also the same people who refuse to protect our borders and let a flood of 20 million+ illegal aliens to invade despite the claims that we are at war with terror and must protect our borders.
A sign the clowns writing this report are liars is the last line where they claim that if they 'liberalize' trade in the name of Free Trade, the deficits and surpluses will be totally balanced. At no point in the last 35 years, has that happened. NOT ONE TIME. And if you read this report, even the authors admit in each summary that there will be a huge hit on American businesses and workers.
Each of these summaries of the impact of free trade if we lift the pitiful few last tariffs and barriers is sober reading. Often, it will cause prices to drop to up to 40% and employment to collapse. They don't even dare speculate how badly truck drivers will be hit when they open our borders. They claim, Mexicans will invest in American transport systems. Right. By driving out of business, all American companies.
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Since the very creatures writing this report can't paper over the obvious, they simply disregard all of our past experiences with 'free trade' and assume Americans will move to other jobs. Hell, they don't even bother pretending these will be good jobs, they admit the new work will pay less. This is incredible. No other nation wants to do this so why are we? We are the destination of 24% of all world trade and proof of this is our $800+ billion trade deficit with the world.
If one is digging a tunnel to China, the best way to stop it is to throw away the shovel and climb up a rope, out of this hole!
China's trade in goods will surpass US$2.1 trillion in 2007, a 20 percent year-on-year increase, the Ministry of Commerce said in a report yesterday.
Trade will increase in a fast yet stable manner as China optimizes economic structure, improves efficiency and lowers energy consumption, said the report, which is based on a review of China's foreign trade in 2006 and the first quarter of 2007.
China's total import and export volume amounted to US$1.76 trillion in 2006, up 23.8 percent year-on-year. China remains the third-largest country in the world by trade volume, according to the report released by the China Academy of International Trade and Economic Cooperation, a research body under the Ministry of Commerce.
Incredible, isn't it? Most of the stuff in the Trade report was concerning stuff from China...and Mexican workers. This one-two punch is reducing the American work force to the level of peasants and if they want to avoid that fate, time is now running out since the rich Democrats running Congress just betrayed everyone and voted for Bush, the right to sign these very same trade treaties that are killing us.
From the China.org story:
Exports of machinery and electronic products and hi-tech products increased 28.8 percent and 29 percent respectively in 2006.
Cars are next on the long list. And aircraft as well as rockets. Just this week, the Chinese launched a satellite for Nigeria. They intend to take over all these high-tech, high-value added businesses. They aren't going to be selling cheap stuff to Walmart too much longer!
U.S. health officials pummeled the Chinese with questions about contaminated pet food ingredients, blamed for killing scores of pets in the United States. "The Chinese government clearly understands that the world marketplace will swiftly disadvantage any nation or economy or firm that is not able to establish a sense of confidence or reliability or safety," said Mike Leavitt, secretary of health and human services.Commerce Secretary Carlos M. Gutierrez said the two sides also made progress on one of China's complaints about the United States -- that its controls on high-tech exports are too strict. He said that the Commerce Department explained "the steps we will take" to sell more technology to trusted Chinese customers. He would not elaborate.
What great negotiations...snark. We get better cheap dog food, woof. And China will get the last of our high technology. OK. I think I see where we will win this. We will sell the Chinese our dogs.
Chinese President Hu Jintao held talks with visiting German President Horst Koehler in Beijing on Thursday, exchanging views on bilateral relations and international issues.Hu hailed the rapid growth of China-German relations since the establishment of diplomatic ties 35 years ago, citing frequent high-level visits, the smooth launch of China-German strategic dialogue mechanism and strong growth of bilateral economic and trade cooperation.
He noted that China and Germany have continued to be the largest trade partners of each other in their respective regions, reached a unprecedented high level for culture, education, science and technology, environmental protection and justice cooperation, and strengthened contacts and coordination in international and regional issues.
He expressed his appreciation for Germany's adherence to the one-China policy.
Hu proposed that the two countries enhance their partnership with global responsibility from four aspects, including deepening political ties featuring equality and mutual trust, expanding win-win economic and trade cooperation, strengthening understanding and friendship between the two peoples and promoting international coordination within multilateral framework.
For years now, Germany has been more liberal than the US over high tech trades with China. German workers are getting agitated about outsourcing, it is just beginning to bite there. This week, telecom workers had a strike over the outsourcing of 50,000 jobs. The number of jobs being outsourced in all the top countries is astronomical. Millions and millions of jobs. But China has a billion workers and this will go on and on. Even Japan is outsourcing jobs to China like mad and their biggest trade deficit on earth is with China. This is why they are so hostile right now.
The Organization for Economic Cooperation and Development raised its forecast for global growth this year, predicting the economies of Europe and Japan will outpace the U.S. for the first time in 16 years.The economy of the group's 30 members will expand 2.7 percent this year, stronger than the 2.5 percent expected in November, the Paris-based group said in its semi-annual economic outlook. The estimate for 2008 was unchanged at 2.7 percent.
The OECD joins the International Monetary Fund in betting that strong growth in Europe and Japan, along with booming demand in China and India, means the world economy is weathering a U.S. slowdown. The Washington-based IMF, which covers 185 economies, last month left its global growth forecast unchanged at 4.9 percent, even as it cut its outlook for the U.S.
China, the EU and JAPAN willl all grow while we shrink. Are we the Wicked Witch of the West and will shriek, 'I'm shrinking' as the water melts us?
Greenspan, the evilist man on earth, yapped yesterday that China's hot market might tank. This led to panic in the gullible classes. Of course, the Chinese stock market can crash, all markets can do this. Everyone is looking to the dragon of China to see what will happen next because China is now the fulcrum of the world's trade and finances. Whatever China does will cause the whole world to flip out or beg for more.
China needs to ``shock'' the economy with more interest-rate increases because it's too late to use a stronger yuan to cool growth, said Jim Walker, chief economist at CLSA Asia-Pacific Markets.The Chinese government is too concerned about derailing export growth as the U.S. economy slows to let the yuan rise faster, Hong Kong-based Walker said. Higher borrowing costs would prevent the flood of cheap credit from spurring a stock- market bubble and excessive investment.
``They really just need to take money out of the system,'' Walker said in an interview on May 22. ``China should have let the currency strengthen a long time ago, but it's too late. They're maintaining a very slow-moving appreciation so they can sell the goods they're producing.''
The idea that China just might let the entire world economic system go through a bad spasm doesn't occur to anyone except me. And the fact that China's rulers are communists determined to destroy American hegemony and then take back Taiwan and dominate Asia: this is a fact of life. This is, I assure everyone, their ultimate goal. The US investors are scared, China might hand us our heads.
Trust me, the Dragon will do this! It is the PLAN! We think China doesn't have 5 year plans anymore. They do. China doesn't dominate world auto markets yet. Nor aircraft. So they are patient. But if we want to see our heads spin, all we have to do is strengthen Taiwan. Boom.
China is very annoyed at wasting energy producing cheap stuff in competition with Vietnam and India. They plan to leave all the cheaper stuff to those countries and concentrate on high-value stuff like cars, trains, ships, rockets, nuclear bombs and nuclear power, etc, etc. And this is obvious. They are working frantically at these things. They are setting up one tech institute after another and making deals with all the top generators of modern technologies in preparation for the bankruptcy of the US empire.
And that is our future. Obviously.
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Just look at the raw numbers. Gads.
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