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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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To: Reno89519; All

21 posted on 09/04/2017 10:06:25 PM PDT by Enlightened1
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To: Vince Ferrer
We wouldn't notice so much, because we would all be at work retooling America.

It's almost impossible for the manufacturers we have now to find people with the education and skill sets to keep what we have going.

"Guidance" clowns in schools, college admissions and recruiting folks and parents have left us with a couple of generations of people who could never figure out how to run a CNC machine, much less program or troubleshoot and repair one.

22 posted on 09/04/2017 10:47:40 PM PDT by Mogger
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To: Enlightened1

On economic dependence to China, many of us saw this coming and discussed it nearly 40 years ago. We worked in the last of our manufacturing jobs back then.

Enjoy the slide.


23 posted on 09/04/2017 11:11:35 PM PDT by familyop ("Welcome to Costco. I love you." --Costco greeter in the movie, "Idiocracy")
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To: veracious

Very ignorant, gullible people who believe abject lies if it comes to them from their Mama Media.


24 posted on 09/04/2017 11:16:28 PM PDT by Yaelle (We have a Crisis of Information in this country. Our enemies hold the megaphone.)
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To: InterceptPoint

The West Coast question was an excellent one. Here’s what The Brits say in The Sun:
>>North Korea, which has launch facilities for its missile program on its west coast, reportedly launched the rocket during the night to avoid surveillance.

South Korea’s defence ministry said they could not confirm the contents of the report but said the North was considered ready to launch more missiles at any time.<<


25 posted on 09/05/2017 2:58:03 AM PDT by EliRoom8 (Dump Corker!)
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To: Enlightened1

Bring back the tariffs on Chinese junk and use the revenues to buy back Federal bonds China is holding. The USA for the most part created the Chinese monster by sending our manufacturing there in the name of trade when cooperate greed was more like it.


26 posted on 09/05/2017 3:31:55 AM PDT by okie 54
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To: Enlightened1

Bring back the tariffs on Chinese junk and use the revenues to buy back Federal bonds China is holding. The USA for the most part created the Chinese monster by sending our manufacturing there in the name of trade when cooperate greed was more like it.


27 posted on 09/05/2017 3:32:00 AM PDT by okie 54
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