Posted on 04/06/2016 10:26:36 AM PDT by central_va
hina now has accumulated approximately $3.2 TRILLION in convertible currency reserves, of which nearly $1.2 trillion are held in U.S. treasury bonds. This has happened through their escalating balance of trade surpluses with America – they sell to us much more than we sell to them every year. In the process, China has been instrumental in putting many of our American companies out of business. This is only possible because of our failed “free trade” policies.
They are using their new found wealth to buy us out! Shuanghui International of China has agreed to buy the American meat processor Smithfield Foods for approximately $4.7 billion. The Chinese firm will pay $34 a share for Smithfield when the deal receives regulatory approval by the Committee on Foreign Investment in the United States, which is expected to happen in the second half of the year. This is the largest complete acquisition of an American company by a Chinese firm to date. By closing the deal, China will now own the world’s largest producer of pork.
(Excerpt) Read more at economyincrisis.org ...
Even beating out the US CONGRESS?.......................
ping
I thought the Chinese deal to acquire Smithfield was done more than a year ago?
We are committing suicide. China is buying much of our prime farm land too.
Feddgub has been out of control and taking America in the wrong direction been since FDR was Preezy.
But I’m told here on FR by countless “conservatives” that American workers (outside of the financial sector) are too lazy, stupid, unproductive, and refuse to work for “china pricing”.
Outside of re-instituting slavery in the US, these financial “conservatives” won’t do business in the US, period. They’re now loyal globalist members of the communist chinese party.
Who is “Economy in Crisis”?
According to their “Who We Are” page (1), only the following three people are named: a 9/11 Truther, a radical left-wing Air America personality and a regular Huffington Post contributor. If you disagree with those sources, you may wish to reconsider the general validity of this article.
Here are the people listed on the “Economy in Crisis” “Who We Are” page:
PAUL CRAIG ROBERTS - 9/11 TRUTHER (2):
Roberts comments on the “scientific impossibility” of the official explanation for the events on 9/11. On August 18, 2006, he wrote:
I will begin by stating what we know to be a solid incontrovertible scientific fact. We know that it is strictly impossible for any building, much less steel columned buildings, to “pancake” at free fall speed. Therefore, it is a non-controversial fact that the official explanation of the collapse of the WTC buildings is false.... Since the damning incontrovertible fact has not been investigated, speculation and “conspiracy theories” have filled the void.[42]
In November 2012 Roberts, referred to al Qaeda’s role in the attack as “unsubstantiated.”[43]
THOM HARTMANN – AIR AMERICA RADIO (3)
“Thom Hartmann is the #1 progressive radio talk show host in the US”
PAT CHOATE – HUFFINGTON POST (4)
“In 1996, he was Ross Perot’s vice presidential running mate.”
“A man is known by the company he keeps.” If you don’t prefer to keep company with 9/11 Truthers, Air America, The Huffington Post, and central_va, please do skip this article.
(1) http://economyincrisis.org/who-we-are
(2) https://en.wikipedia.org/wiki/Paul_Craig_Roberts#September_11.2C_2001_attacks
(3) http://www.thomhartmann.com/
(4) http://www.huffingtonpost.com/pat-choate/
There is no evidence that offshoring lowered consumer prices. It increased profit margins that is for sure.
Mot people on Free Republic are mature enough to take a commentary or artificial on its merits. You take the truth were ever you find it.
Our primary concerns are in regards to the imminent consequences of our involvement in the WTO, NAFTA, NAU and the effects of European VAT Taxes. These issues, sometimes referred to as “free trade” in the popular press, are currently destroying the U.S. economy, yet very little is presently being written about them. We have become one of the leading sources of information on these and other topics affecting the American economy. These issues also include:
Other U.S. Economic Issues
Fixed.
PS: Attacking the messenger is a fool's errand.
Have to keep pushing those quarterly profits up. Offshoring is meant for increasing shareholder value, not reducing consumer pricing. Those mexican twinkies, oreos, and snickers bars cost more now, and are smaller portions than their previous US made predecessors. And this status quo across the whole consumer market.
But US consumers are too lazy, stupid, and greedy to see that their nation is being sold right out from underneath them.
You're totally right.. however, as long as they have their "bread & circuses" sporting events, and regular trips to the mall they'll remain oblivious.
Anybody who has Sirius XM and listens to FAUX will know this is true based on all the “2016 collapse” and “financialfall.com” commercials.
Look to our increasingly Godless culture when assessing the misdirection of America.
As for the role of “free trade” policies?
Try deregulation and lower taxes and watch our trade imbalance flip.
Regulations and taxes are the cover story and a ruse. The agenda is looking the world over for the cheapest labor. You can get rid of taxes and regulations as big cap corps want them. The use them as a political fig leaf to plunder the worlds excess labor pool.
Since we’ll never pay em back what we owe them they are buying US piece by piece. I read a while back HUD or whatever sold then bulk housing in Florida, about 1400 homes for pennies on the dollar. Oh well it’s a brave new world we OWE.
They are merely asking the questions that have never been asked. The truth is outthere.
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