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Paying China for the Rope to Hang America
Townhall.com ^ | November 2, 2021 | Oliver North and David Goetsch

Posted on 11/02/2021 4:33:46 AM PDT by Kaslin

Communist leader Vladimir Ilyich Ulyanov, aka Vladimir Ilyich Lenin, is reputed to have said, "The capitalists will sell us the rope with which we will hang them."

Whether Lenin said this or not, the message is prophetic. For the sake of cheap labor, some large corporations in America are selling the United States down the river, and they have the cooperation of President Joe Biden's administration in doing so. This is the 2021 version of "The Devil and Daniel Webster," except, this time, "Old Scratch" is not Satan; it's the People's Republic of China.

For years, the PRC has been stealing -- mostly from the U.S. -- technologies it needs to gain economic and military superiority over America and our Western allies. Under the Biden administration, China need not trouble itself with stealing. American companies are licensing critical technologies to the PRC and contracting with Chinese companies to manufacture essential goods. The previous administration took a strong stand against China's efforts to gain world dominance economically and militarily, but the Biden administration seems either unconcerned about the issue or at a loss as to what to do about it.

One example of an American company making a deal with the devil is the establishment of a new, wholly owned, onshore mutual-fund business in the PRC by BlackRock, an American investment firm in New York City. This is a classic example of letting a fox guard the proverbial hen house.

Access to America's economic hen house is through Wall Street, and BlackRock just gave the PRC a key to the gate. Giving Xi Jinping's PRC access to Wall Street gives "America's number one adversary" access to invaluable data about our nation's businesses, information which will be used to gain advantage over American firms and undermine our economy. We warn of this kind of thing, "unarmed warfare," in our book, "We Didn't Fight For Socialism: America's Veterans Speak Up."

On the subject of warfare, those who doubt the PRC's ability to reverse engineer the technologies it licenses and steals from the U.S. should consider its development of a hypersonic nuclear missile. A hypersonic missile travels at more than five times the speed of sound, making a "swarm" of these weapons impossible to interdict by current U.S. intercontinental ballistic missile defense systems. In congressional hearings, the Pentagon has warned China launched such a missile in August 2021. The U.S. currently has no defense against such a missile and is far behind developing our own hypersonic missiles or defenses against them.

The PRC's next step in their strategy for becoming the world's strongest superpower is the semiconductor industry. The PRC is now stealing and "licensing" skills necessary to rapidly develop its own advanced microchips and semiconductors.

These are the most essential components in all electronic devices from toasters to trucks, autos and military hardware, including hypersonic missiles.

The PRC currently manufactures semiconductors, but it relies on Western technologies to do so. China must import most of the equipment and materials needed to produce microchips. Much of this essential technology comes from the U.S. The PRC's near-term inability to manufacture these devices in sufficient quality and quantity is just one more reason the Chinese Communist Party is casting covetous glances at Taiwan. Together, Taiwan and South Korea manufacture more than 70% of the world's semiconductors.

Jinping's hypersonic missiles and his goal of having the PRC dominate global semiconductor production didn't make it on the agenda at last week's G-20 "hydrocarbon summit" in Rome. He didn't bother to attend.


TOPICS: Culture/Society; Editorial; News/Current Events
KEYWORDS: china; russia
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1 posted on 11/02/2021 4:33:46 AM PDT by Kaslin
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To: Kaslin

The system needs a purge and mass prosecutions and sentencing, their lawyers included


2 posted on 11/02/2021 4:36:14 AM PDT by ronnie raygun
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To: All

“For the sake of cheap labor, some large corporations in America are selling the United States down the river...”

Why I’ll never buy an Apple product, ever. Just one of many.


3 posted on 11/02/2021 4:57:44 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Kaslin

>> For the sake of cheap labor, some large corporations in America are selling the United States down the river, and they have the cooperation of President Joe Biden’s administration in doing so.

The Wall Street-K Street/DC Axis has been selling out Main Street to China for 30 years. Glad to see folks catching up on this.


4 posted on 11/02/2021 4:58:19 AM PDT by FreedomPoster (Islam delenda est)
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To: FreedomPoster
On that subject...

Canada's CPPIB to buy Ports America from Oaktree to further infrastructure push

Watchdog raises concern about Canadian pension investments in China

5 posted on 11/02/2021 5:00:54 AM PDT by mewzilla (Those aren't masks. They're muzzles. )
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To: Kaslin

We know that liberals constantly promote “sharing the wealth,” but do they ever also promote “sharing the work?”


6 posted on 11/02/2021 5:04:14 AM PDT by systemjim (Lifetime Lover of Music)
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To: Kaslin

Republicans, Bush-bot globalists, Free Traitors™ are to blame.


7 posted on 11/02/2021 5:12:24 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: carriage_hill

You should keep in mind that Dell manufacturing and assembly is nearly all in China as well, just to give one example. Apple is not the only one.

And if money given to causes hostile to American values is a turnoff, Microsoft as well as the Bill and Melinda Gates Foundation (or whatever it is going to be called going forward) has given billions over the years to causes we Conservatives regard as anathema to us.

Never mind buying an American car built by unions who give nearly every cent given to political campaigns to the Left, and usually, the FAR Left who have done the most damage to this country.

Just saying. Your hands will be dirty in nearly every case. I applaud your discrimination, but very few are clean.

I purchased a large format 3D printer a couple of years ago, and was determined to buy American. After looking for a long, long time, I paid nearly twice as much for a less capable model, but that was my choice.

We all make choices.


8 posted on 11/02/2021 5:12:33 AM PDT by rlmorel (Leftists are The Droplet of Sewage in a gallon of ultra-pure clean water.)
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To: rlmorel

Why we need a really high import tariffs. This will FORCE industry back to the USA.


9 posted on 11/02/2021 5:20:35 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Kaslin

If I had to choose between living in Shenzhen China or NYC I’d definitely choose the former .


10 posted on 11/02/2021 5:25:41 AM PDT by sushiman
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To: rlmorel

I gave up on Dell many years ago, with all its non-help “help centers” not speaking “Ingrish”. I have all commercial/industrial-grade HP stuff, running fortified Win-7 Pro x64, from 2009, and haven’t bought anything new in years.

I know it’s hard to find anything not made in China, Thailand, Nam and other foreign countries, but I try.


11 posted on 11/02/2021 5:29:05 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: central_va

I have long since believed that Communist China in particular should be subjected to huge tariffs. Dumping of goods, lack of financial transparency, open and closed industrial espionage, slave labor, you name it.

I have heard Steve Bannon routinely refer to the Chicoms as an “International Crime Syndicate” and that fits perfectly.

What they have been doing with impunity to us and the rest of the world has been criminal, and nobody seems to be inclined to call them to account on it...except Trump.

He seems to have been the only one who was willing to do ANYTHING. And look what they did to him.


12 posted on 11/02/2021 5:30:11 AM PDT by rlmorel (Leftists are The Droplet of Sewage in a gallon of ultra-pure clean water.)
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To: sushiman

As long as you don’t live in one of those high-rises, you would probably be okay.

I think.


13 posted on 11/02/2021 5:30:56 AM PDT by rlmorel (Leftists are The Droplet of Sewage in a gallon of ultra-pure clean water.)
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To: carriage_hill

All we can do is try.

I have noticed, it is harder and harder, even nearly impossible now to see where things are manufactured.

I don’t think that is any kind of mistake. I think it is deliberate. And believe me, I have tried.


14 posted on 11/02/2021 5:32:24 AM PDT by rlmorel (Leftists are The Droplet of Sewage in a gallon of ultra-pure clean water.)
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To: rlmorel

All imports should be tariffed. All.


15 posted on 11/02/2021 5:36:45 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: rlmorel

By US “law”, everything is to be labeled with “County of Origin”, but you’re right that it’s often hard to find that information.


16 posted on 11/02/2021 5:56:45 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: carriage_hill

We forced the manufacturing out of American with all the Regs and environmental BS. Plus a lot of stupid labor laws.


17 posted on 11/02/2021 6:09:12 AM PDT by oldasrocks
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To: Kaslin

Also Vladimir Putin didn’t attend the G20.


18 posted on 11/02/2021 6:09:56 AM PDT by Thunder90 (All posts soley represent my own opinion.)
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To: carriage_hill

That is what I thought, that it was required by law.

But I can tell you with 100% certainty, that it isn’t being done all the time. I purchased an item recently, and when I received it, I examined it minutely. I looked everywhere. EVERYWHERE.

No trace of the country of origin.

I think it is simply being flaunted, and since nobody calls them on it, it apparently isn’t being inspected, so...I think it is an example of another thing they simply ignore with no consequences.

And I will bet dollars-to-donuts that there is no inspection of any kind.


19 posted on 11/02/2021 6:16:47 AM PDT by rlmorel (Leftists are The Droplet of Sewage in a gallon of ultra-pure clean water.)
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To: oldasrocks

I lay a lot of blame on unions, who are so corrupt and unnecessary.


20 posted on 11/02/2021 6:37:12 AM PDT by Carriage Hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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