No one argues that the Chinese are under pricing or rigging the value of their currency and manipulating it with this in mind. There is no free market when it comes to currency wars. The Chinese are winning this currency war, plain and simple. The US is losing the currency war, plain and simple. The net result of this 'fix' is the exporting of millions of US jobs to Communist China every year.
Not only is China winning this war, they are cheating on top of it, in order to win not just a trade war, but also a war of ideology against the US. After all, a Communist country is still Communist, correct? Has anything changed since the war on Communism?
The WTO rules require that nations not subsidize their products in order to gain an unfair competitive advantage against other nations. What China does is send checks to all companies who set up manufacturing plants in their nation, to the tune of 17% of their total sales per month, which are set at the cost of production. In this way, companies can sell their products for the cost of production, with no profit at all and out compete everyone else in the world. Their profit comes in the form of an illegal check from the Chinese government.
Communism wins and it also beats Capitalism, because it is absorbing the whole Capitalist system, including the best and brightest technology, minds, research, and trade secrets.
They get away with this, because who is going to complain? All of the largest global corporations are part of this illegal conspiracy that is costing the US millions of jobs and Trillions in profits. There is no way to compete against the trifecta of illegal actions that China is pursuing;
1. Illegal currency manipulations
2. Illegal WTO government subsidies to industry export products
3. Human rights violating slave labor in prisons and factories
Remember, in Communist China there is no right to free speech, no right of assembly, religion, or anything else that is still taken for granted in the USA.
Communist China is winning the war against the USA, without a shot being fired. They are winning the war on a number of fronts. The US is on the losing side on all fronts and does not even realize that it is losing the war.
The trade war and the war between Communism and Capitalism has been going on for a long time. China is winning both the trade war, and gaining the spoils of war in other ways. They 'own' the USA, it's government and all of the industries that the US sent over to Communist China, willingly, voluntarily, without even any force involved.
In the movie; Death By China, (available on Netflix) a case is made that China is not only serving as a cheap labor market for multinational corporations, but that China is literally taking over the US global dominant position by stealing not only the jobs, but also the technology, the competitive advantage and the research and development brought over to them by willing US transnational corporations.
Here is a short trailer about this movie, which is well worth watching;
In 2001, China joined the World Trade Organization. Then President Bill Clinton, plus President Bush Sr. and Jr. signed 'Fair Trade' agreements with various nations, which then caused the export of millions of US jobs to places like Communist China and Vietnam. President Bush then also signed a most favored trading nation status agreement with Communist China, in effect, making them our best buddies and trading partners.
The US job exportation policy continues today under President Obama, who also continues the same policy of supporting the export of US jobs to foreign nations, where slavery is the norm, human rights abuses are just a daily occurrence and environmental destruction is the ordinary way of doing business. What is the impact of exporting millions of US blue collar and white collar jobs to Communist China?
The US fell off of an economic cliff in 2008-09, and will not recover, because it takes manufacturing jobs to support a healthy, vibrant economy. The US manufacturing base has been carved up like a turkey and sent on a silver platter to China. Only the bones of the US turkey are left, and they are being sent over there too.
The US only makes 4% of the worlds solar cells and a very small and shrinking minority of wind power plants. The US is losing global market share to Communist China as that nation flexes it's muscles by using unfair and illegal trade war tactics.
The US imports all shoes and no longer manufactures any inside of it's borders.
The US produces no computer printers.
Apple only employs 20,000 citizens in the US, but 700,000 employees are part of Apple in Communist China.
China is now going after US white collar intellectual jobs, because it has finished stealing the vast majority of the US blue collar jobs, with the help of a few global corporations, who are active co-conspirators in this very profitable business of taking advantage of selling out the US for a few bucks, while taking advantage of slave labor overseas.
The US is going backwards, back to before the Civil War, back to the time when women had no rights, and workers were treated like slaves. Child labor was the norm back then. The US is going back to that time when black slaves were treated like animals, and they had no rights whatsoever. The US is doing this and worse, because millions of jobs went overseas to Communist China were slave labor is the norm. Prison labor camps are common. Worker rights and environmental protection is non existent.
The US now owes China 14 Trillion Dollars, via US Treasury Bonds. When a bank holds the mortgage on a house, they OWN it. In effect, Communist China OWNS the USA, through it's debt. We ship money by the supertanker load to Communist China, and then they send us cheap, toxic, low quality goods that break down quickly. Is it really worth it? The US is going further and further into a deep, dark, black hole of deeper and deeper debt.
But the Communist Chinese are not content with only holding the mortgage on the US. They are also buying up the US with their Trillions in profits that they got from stealing US jobs. For example, the JP Morgan headquarters building is now owned by a Chinese company. The Chinese are rapidly expanding their ownership of US properties, both agricultural, residential and commercial.
China has 50,000 Internet police monitoring and spying on its own citizens. Their government IT dept, which takes the form of a secret spying agency got help from Google and Yahoo to discover locations of people and search computers of it's citizens.
China arrests and jails dissidents or protestors on a wholesale basis, since there is no right to protest or demand freedom in China. Anyone trying to do things like free speech, worship their own religion, or be critical of the government is first monitored, then arrested before being shipped off to one of those slave labor prison camps. China is the worst among global nations in terms of human rights abuses.
Dissidents who disagree in public (or even in private via the Internet or on a blog) with the Communist 'dictatorship', are jailed. According to the movies author, prisoners organs in China are harvested for profit.
A Chinese military surgeon does the DNA tests, and looks for matches among prisoners held in prison work camps all across China. Once the person's organs are harvested and sold for profit to willing international buyers, the bodies are burned.
The organs are sold to individuals willing to pay big bucks for organs in an international criminal underworld market. Organ transplant customers are told that the organs come from murderers who have been put to death as part of their sentence.
Chinese are put in jail and then put to work in these slavery based prison work factories making all kinds of products for no pay at all. These slaves in prison are forced to work anywhere from 12 to 18 hours a day, seven day a week and they do not get fed, and/or they get put into solitary confinement, if they refuse to work. All of these slave prison products are sold for a huge profit and exported to places like the US and sold in stores like Walmart. The shoes you are wearing are probably made in a Communist Chinese prison slave labor camp.
Trade unions that so many Americans hate over here in the US are not even allowed anywhere in the country of China. Anyone suggesting or openly advocating for labor rights, better working conditions or higher pay is thrown in jail, because that is illegal over there. The government combined with Communist party officials control all jobs, approved organizations and pay. We now know what happens to the prisoners in their jails, don't we?
Google went to China, because it saw a huge economic opportunity. Once it was there, the Chinese hacked into their computers, stole their codes and programming and then started their own version of Google. Google in effect was taken over by China, which had invited Google into the country. Subsequently, a Chinese company took over Googleâs business and now controls the vast majority of the market that Google used to have in China. Could this serve as a warning to other companies who are moving to China?
The Chinese make all aircraft displays for both civilian and military aircraft in the USA. The US makes zero aircraft displays. In case of war with China, a factory making aircraft would not be able to source numerous parts needed to build these aircraft, because they are all made in China. This is only one part. How many other parts for military uses are now made in Communist China?
Components for nuclear bombs are now made in China. Not that we would ever have more than one nuclear war, but that trend says something about how much of the global marketplace China is taking over.
Products made in China are often toxic or poisonous. Just by using them, US citizens are harmed or killed. Numerous examples exist of poison milk powder products, toxic jewelry, toxic toys, and toxic pet treats or food, just to name a few of the many problems exposed in the news. Google toxic Chinese products and 11,800,000 search results come up. There is a toxic pipeline of products flowing into the US, poisoning everyone it touches.
90% of all products in Walmart are made in China. Everyone who goes into Walmart is supporting the predatory and toxic totalitarian system in Communist China. Every Walmart customer is directly as well as indirectly causing the layoffs or firing of US workers.
The free trade agreement that the US signed with China was supposed to open up markets for US products in China. But the US sells very little in China. The US just sends more and more jobs over to China.
Due to unfair currency manipulations, and aggressive takeovers, stealing of patents, copyrights, and trademarks, very little is sold in China that comes from the US. The Chinese at least some of the time just copy US made products and then sell it for much cheaper back to the USA as a knock off of the original, often with the same label, but made in China instead of the USA. This strategy seems to be working, as the Chinese keep stealing market share and products in a wide variety of ways.
There are NO environmental protection laws in China, so the country is now one of the most toxic places on the planet. Out of the 20 most polluted cities on the planet, 15 of those are found in Communist China.
China can sell products at cost, and the Chinese government sends that company 17% as profit on top of that. Products from China are subsidized by the Chinese government. Even US products made in China are put into this same subsidized structure. Of course, this is totally illegal and unfair, but that is how Communism is winning the war.
How can any other country compete against this kind of strategy of currency manipulation, direct subsidies, slave prison labor, plus no environmental laws at all? No one can, at least not by fighting fair. That is why Communist China is winning the war, because they are willing to fight dirty and use underhanded, sneaky, illegal strategies.
What is good corporate citizenship? Is a US global corporation being a good community citizen by causing the total financial collapse of the US economy by shipping all US jobs over to a totalitarian Communist country? Is it good corporate citizenship to be part of a Communist illegal subsidy system? Is it good corporate citizenship to use slave labor?
Is it good corporate citizenship to ship jobs to a country that has no human rights or democracy? Is it good corporate citizenship to pollute the planet to death, by moving jobs from a country that is at least TRYING to protect the environment to a country that could not care less about this and has no laws about it?
Is it good corporate citizenship to sell out huge US corporations for a few more bucks and take them away from the United States citizens who built up these huge corporations with sweat, blood and tears over many, many years, just to hand them over for free, to a declared enemy of the US system?
By sending over all of US jobs to Communist China, US companies have sold the soul of our nation to Communism.
The small manufacturing companies that are left inside the US have no lobbyists, give few or no campaign contributions, and have no lobbying representatives. US citizens count even less. The National Association of Manufacturers that exists now, encourages US manufacturing companies to export jobs and the manufacturing of US products overseas. The focus of this Association is not about how to keep jobs in the US, but how to destroy the US from within by exporting them overseas.
The mechanism that makes this happen is that the Association is made up of 20% of the global multinational corporations, who pay huge dues to the Association. Even though they make up only 20% of the Association, their votes outweigh the 80% of smaller business members. The small but large corporations consistently vote to export manufacturing jobs overseas.
This same mechanism exists inside of politics, as these same huge global multinational corporations that have no loyalty or allegiance to the US, lobby and take over political offices, House of Representative politicians and even Senators and Presidents, both in the US, and in any other country where they are allowed in.
Money and greed plus power drives the whole system into an absolute toxic cesspool of corruption. Selling out US jobs for Communist slave labor is causing the destruction of the United States, but also of the whole world, all just for short term profits.
DDT and ALAR is used in China on the produce and apples grown there. No chemical is illegal in China, even though these dangerous chemicals are banned in the US because they were proven to be too toxic and harmful to health and/or wildlife. In China, the same chemicals that are illegal to use or sell here in the US, are manufactured and sold by US chemical industries operating over there in China, and they are making record profits.
In China, if you manufacture and sell a bear that contains toxic lead paint which can kill kids, it's ok. Imported baby formula from China is found to be toxic, but that is ok. Chinese pet treats have killed pets in the US, but that is ok. Chinese toxic toothpaste is sold in the US, but that is ok. Chinese toxic pork products are sold and eaten in the US, and that is ok.
There are 3.5 million fish farms in China. The biggest market for Chinese fish such as tilapia or shrimp is the US. The US only inspects 1% of all food products coming into the USA, and rejects 65% of the 1% that they do test.
The Chinese just may just take that rejected product and go to another US port, where it gets through, because the odds are 99 chances out of 100 that it slips through the safety net.
You cannot buy a microwave that is made in the USA. You cannot buy a baseboard heater that is made in the USA.
Our democracy, freedom and right to manufacture our own products in our country has been hijacked by the multinational global corporations and handed to the Communist Chinese. On top of that, the Chinese are stealing patents and trademarks, trade secrets and more.
We ship the Chinese Communists Trillions of dollars. Then we get stolen, shoddy, toxic products back from them. Why are we doing this? Can someone tell us the answer please? Why are we purposely destroying our country, our future and destroying the very soul of our nation, all for a few shoddy items?
The Communist Chinese have won the war against the US. They already own and control the USA through the same multinational global corporations that now make record profits over in China.
Those profits sent over to China where huge multinational corporations use slave labor to make record profits. Those Billions we send over to China are used to buy elections and politicians in the US.
Whatever is good for Communist China, is now good for the US, via these global corporations and the 1% that cares about nothing except greed and power. We bargained with the Devil, and sold our souls. The US is now reaping the whirlwind.
Communist China Winning War Against USA, Without A Shot Being Fired; via @AGreenRoadhttp://agreenroad.blogspot.com/2013/11/communist-china-winning-war-against-usa.html