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North Korean Crisis Reveals America’s Dangerous Economic Dependence on China
Breitbart ^ | 09/04/17 | John Carney

Posted on 09/04/2017 8:44:02 PM PDT by Enlightened1

When President Trump said on Sunday that America would consider stopping all trading with countries doing business with North Korea, critics responded by saying this would mean economic ruin for the United States.

This is a shocking admission that the cost of economic globalism has been the compromise of American independence.

And it should rally Americans to the cause championed by Donald Trump as he campaigned for the presidency, the cause of economic nationalism.

Consider that after decades of indoctrination about the blessings of global trade, Americans are now told that our economic prosperity is dependent on trade with foreign nations, particularly China. Free trade has shackled us from taking serious action to thwart North Korea’s nuclear ambitions.

The numbers are startling. China is North Korea’s largest trading partner–and Trump’s talk of cutting off trade was clearly aimed at China. But China is also the largest trading partner with the U.S., with nearly $650 billion in goods and services traded between the two nations. Countless more products in America contain parts assembled by Chinese workers. You may even be reading this on one of them.

“If bilateral trade between the U.S. and China goes away, American stores shelves are empty,” former Bush administration Treasury spokesman Taylor Griffin told NBC News recently. You’re not going to have anything to sell in Walmart…There’ll be no iPhone 8 for you.”

According to Griffin, if the U.S. cuts off trade with China, the consequences would be “apocalyptic.”

Trade dependency is not usually thought of as a feature of a free, independent nation. It is the property common to colonies dominated by empires. It is the condition that we rejected as a people in 1776.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Miscellaneous; Politics/Elections
KEYWORDS: china; crisis; danger; doomsday; endofdays; globalism; northkorea; russia
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1 posted on 09/04/2017 8:44:02 PM PDT by Enlightened1
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To: Enlightened1

If the US goes down economically, so will everyone else on his planet.


2 posted on 09/04/2017 8:47:43 PM PDT by CatOwner
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To: Enlightened1

While trade can be beneficial, we are seeing some consequences of unfettered trade. Entire industries have been shipped overseas.

I heard someone say that we couldn’t win World War II today. They were talking about how our nation’s industrial capacity was revamped towards war production at that time. Vacuum cleaner factories were turned into machine gun assembly plants. Car factories were turned into jeep and tank assembly factories. Clothing factories shifted to producing parachutes and clothing for the war effort. And so on.

The point being, we no longer possess the industrial base we used to have. If God forbid a World War II type conflict happened, we don’t have the industrial base any longer to produce all the materiel needed for such a war effort.


3 posted on 09/04/2017 8:48:37 PM PDT by Dilbert San Diego
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To: Enlightened1

A bit too stark a projection for me. Trump can inch up on trade restrictions with China and that’s what I expect him to do. At some point, as the tourniquet tightens, one side or the other will fold.

I’m betting Trump wins.


4 posted on 09/04/2017 8:49:21 PM PDT by InterceptPoint (Ted, you finally endorsed. About time)
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To: CatOwner

You make it sound like they care.


5 posted on 09/04/2017 8:49:40 PM PDT by enduserindy ( I always smile when my competition doubles down on stupid.)
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To: CatOwner

You make it sound like they care.


6 posted on 09/04/2017 8:49:41 PM PDT by enduserindy ( I always smile when my competition doubles down on stupid.)
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To: Enlightened1

I’ve been against free trade since about 05. Mostly for national security reasons. The human cost of free trade didn’t become apparent until later. We either rebuild our basic industrial base of this country is finished as a great power.


7 posted on 09/04/2017 8:51:26 PM PDT by JohnyBoy (We should forgive communists, but not before they are hanged.)
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To: Enlightened1

How many medium battle tanks did America produce in 1940? And how many medium battle tanks did America produce in 1943?

Answers: 6 in 1940 and 28,164 and 1943.

My point here is that if all trade with China is cut off, we will be hurting for a few years. Then Trump will unleash the power of American industry. Cut the red tape, reduce regulations. And then in a few more years we’ll be wondering why we bought anything made in China in the first place.


8 posted on 09/04/2017 8:54:07 PM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: Dilbert San Diego

I lived near the Watertown Arsenal in MA-—it operated 24 hours a day—no longer there.


9 posted on 09/04/2017 8:54:45 PM PDT by Mears
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To: Dilbert San Diego
The point being, we no longer possess the industrial base we used to have. If God forbid a World War II type conflict happened, we don’t have the industrial base any longer to produce all the materiel needed for such a war effort.

Exactly why it is so important to MAGA.

10 posted on 09/04/2017 8:55:39 PM PDT by MileHi (Liberalism is an ideology of parasites, hypocrites, grievance mongers, victims, and control freaks.)
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To: JohnyBoy

Make more bombs. We’re good at it. Then drop them. If India goes at it with Pakistan drop the big one on the Pakis and then blame India.


11 posted on 09/04/2017 8:55:41 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: Enlightened1
According to Griffin, if the U.S. cuts off trade with China, the consequences would be “apocalyptic.”

In the short term, the consequences would be hard, but there isn't anything we buy that HAS to be made in China. We can, and would sharply accelerate, building factories here. We'd lose a couple of years of trinket buying while the economy is rebalanced. We wouldn't notice so much, because we would all be at work retooling America.

12 posted on 09/04/2017 8:55:48 PM PDT by Vince Ferrer
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To: All

USA has been globalised by our enemies. Those seeking to weaken and eventually enslave our good people.

China is not our friend.
What kind of people support buying hundreds of billion dollars worth of products from our enemies? Transferring USA factories and jobs and wealth to them? What kind of people?


13 posted on 09/04/2017 8:57:48 PM PDT by veracious (UN = OIC = Islam ; Democrats may change USAgov completely, just amend USConstitution)
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To: Enlightened1
Taylor Griffin is FOS like most Bushies. China is far more dependent on us than we are on them.
14 posted on 09/04/2017 9:00:24 PM PDT by hinckley buzzard
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To: veracious

When Korea is dealt with send the fleet to the Persian Gulf. Make the Ayatollas shit in their pants. ID all Iraniam units operating outside Iran and waste them.


15 posted on 09/04/2017 9:01:56 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: Vince Ferrer

> In the short term, the consequences would be hard, but there isn’t anything we buy that HAS to be made in China. We can, and would sharply accelerate, building factories here. <

Excellent analysis! And I say that for two reasons. One, it’s because you are spot on. And two, it’s because I made the same argument in my post #8.

:)


16 posted on 09/04/2017 9:02:02 PM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: veracious

When Korea is dealt with send the fleet to the Persian Gulf. Make the Ayatollas shit in their pants. ID all Iraniam units operating outside Iran and waste them.


17 posted on 09/04/2017 9:02:47 PM PDT by DIRTYSECRET (urope. Why do they put up with this.)
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To: InterceptPoint

>>Trump can inch up on trade restrictions with China<<

It may be that your Doomsday Clock is a little slow. This prescription might take a few more years to effect a remedy. They are moving ICBMs to their west coast at this very moment.

NoKo is backed by China and two-faced Putin.


18 posted on 09/04/2017 9:13:25 PM PDT by EliRoom8 (Dump Corker!)
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To: Enlightened1

Well, when we shut down all commerce with countries that do business with North Korea, we’ll see the impact from their two largest trading partners—China and India. Happy to see everything from both these countries end. And maybe we can send back all H1B and L1 visa holders while we are at it? A big win.


19 posted on 09/04/2017 9:15:25 PM PDT by Reno89519 (Drain the Swamp is not party specific. Lyn' Ted is still a liar, Good riddance to him.)
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To: EliRoom8

They are moving ICBMs to their west coast at this very moment.
++++
I read that but really don’t understand the implications of the move. Their West Coast is away from us. The extra miles wouldn’t make much difference to an ICBM, incoming or outgoing.

So what’s the big deal ?

And that tourniquet can be tightened in as short a time as Trump chooses. It’s up to him.


20 posted on 09/04/2017 9:23:29 PM PDT by InterceptPoint (Ted, you finally endorsed. About time)
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