USA, Liberty! In God We Trust. Defend our Constitution. Defend Capitalism - the key to freedom and prosperity.
Adam Smith on trade deficits – The father of modern economies. Implement balanced trade now.
"When two places trade with one another, this [absurd] doctrine supposes that, if the balance be even, neither of them either loses or gains; but if it leans in any degree to one side,
that one of them loses and the other gains in proportion to its declension from the exact equilibrium." (Smith, 1776, book IV, ch. iii, part ii)"
Public servants exterminated American jobs, companies, domestic production, capitalism,
by allowing for illegal predatory imports, job offshoring, mergers and acquisition.
They created communist - fascist type global monopolies and communism system - the dictatorship system structure.
Most products are made in communist China now, read the labels - made in China. We are slaves now. Expect to eat poison soon because, we have no choice. Expect communist type manufacturing base -free trade zones and labor camps utilizing slave labor.
In Europe-EU it is Competition law
Free Trade, globalization is NWO- Agenda -
Public servants role is to protect us from inside-outside enemies, criminals, predators, monopolies, cartels, trade imbalances, offshoring, socialism, communism. Where is our U.S. Constitution and the civilized rule of law- Sherman Antitrust Act and Glass Steagall Act to protect us from all above crimes?
Trade deficit creates also additional deficit and our debt is growing.
U.S. Trade Deficit with China
In 2009 (most recent annual statistics), the U.S. trade deficit with China was $227 billion. This was down slightly from the record of $268 billion set in 2008, the largest in the world between any two countries. The deficit means that the U.S. exported $69.6 billion in goods and services to China (about the same as 2008), while it imported over $296 billion 9down significantly from 2008). (Source: U.S. Census, Foreign Trade Statistics)
American worker lost job and quality job due to imbalanced trade and offshoring.
Major beneficiaries are corporation. These predators got wealthy at the expense of American people.
What kind of idiot invented minimum wage at $8 and is asking American worker to compete with Chinese or other below $1.?
Global free trade serves only criminals, predators and it is the transfer of the wealth from poor people to the wealthy.
The truth will set you free. Look at unionized labor cost in Europe, Japan, Canada, it is much higher than in USA, but they have trade surplus with USA at the cost of American people.
Say no to free global trades, communist concept that benefit foreign countries and predators at the expense of American worker and economy.
Implement balance trade by any means: increase exports, currency adjustment, tariffs, trade embargo...
China is the major holder of our national debt and it creates National Security Threat.
It is a Weapon of Mass Destruction, the cancer and Trojan Horse!
Expect to eat poison from imports now and biological weapons of mass destruction are possible.
China manipulates currency and it will manipulate our debt.
China acquired ownership in major American Corporation and now will manipulate whole American market to export own products through the ownership. Expect also implementation of communist rule by the jungle law: fist, theft and mass murder.
We are slaves to communist predators, criminals and corrupted public servants who are serving foreign predators.
We are facing total extermination and total control by foreign monopoly powers and too big to fail, too big to jail predatory monopolies including job -offshoring- predators or global predatory monopolies.
Our bail –outs went also to foreign interest in bank like Citigroup- Islamic ownership and Bank of America- Chinese ownership.
China manipulates Currency to increase the gain –Implement Balanced trade today, stop illegal offshoring, stop illegal imports.
By MARTIN CRUTSINGER, AP Economics Writer Martin Crutsinger, Ap Economics Writer
Thu Sep 16, 12:07 am ET
As part of that new approach, the administration filed two new trade cases against China before the World Trade Organization and Treasury Secretary Timothy Geithner said China must move faster to allow its currency to rise in value against the dollar.
In testimony prepared for two congressional hearings on Thursday, Geithner criticized a variety of Chinese economic policies from Beijing's currency system to what he said was rampant piracy of U.S. products and the erection of numerous barriers that prevent U.S. companies from operating in China.
America - 3 Th world country – Implement Balanced trade today, stop illegal offshoring, stop illegal imports.!
October 9, 2010
Predators are always winners while American worker is loser. Stop illegal corrupted imports, stop illegal offshoring now!
“Others argue that NAFTA has been beneficial to business owners and elites in all three countries,
but has had negative impacts on farmers in Mexico who saw food prices fall based on cheap imports from U.S. agribusiness, and negative impacts on U.S. workers in manufacturing and assembly industries who lost jobs.“
Critics also argue that NAFTA has contributed to the rising levels of inequality in both the U.S. and Mexico. Some economists believe that NAFTA has not been enough (or worked fast enough) to produce an economic convergence, nor to substantially reduce poverty rates. Some have suggested that in order to fully benefit from the agreement, Mexico must invest more in education and promote innovation in infrastructure and agriculture.
Major NAFTA- Beneficiary is Canada – Implement balanced trade today!
Canada gained the most from NAFTA with Canada's GDP rate at 3.6%, growing faster than the United States at 3.3% and Mexico at 2.7%.
Canadian employment levels have also shown steady gains in recent years, with overall employment rising from 14.9 million to 15.7 million in the early 2000s. Even Canadian manufacturing employment held steady. One of NAFTA's biggest economic effects on U.S.-Canada trade has been to boost bilateral agricultural flows. In the year 2008 alone, Canada exports to the United States and Mexico was at CAN$381.3 Billion Dollars and imports from NAFTA was at CAN$245.1 Billion Dollars.[4
Offshoring - Stop illegal job offshoring now!.
I share the opinion with many economists that real economic crises is coming due to job offshoring and imports, trade imbalances.
Job-Offshoring is the part of total production cost.
Offshoring and imports are not legal if they cause extermination of competitive companies, products, American jobs, domestic production. under Sherman Antitrust Act in Europe it is Competition law. Our U.S. Constitution and the rule of law is first. International agreements about free trades are not legal if they cause injuries to domestic markets and jobs.
Government agencies are responsible for the creation of illegal monopolies, offshoring and imports that are causing the damage to domestic competitive markets and cause the extermination of Capitalism, domestic production, competitive companies, American jobs, freedom and prosperity.
All monopolies are not legal, get this now or never. We are protected by antitrust laws.
Offshoring and imports caused the creation of monopolies that exterminated domestic production and jobs.
Paul Craig Roberts.
The correct conclusion is that the U.S. trade deficit with China is the result of “globalism” or jobs offshoring, not Chinese currency manipulation. American job loss is permanent.
Balance of Trade
Tariffs - In General are not good because government is collecting tariffs as Tax Revenues.
Monopolies are not legal. This is totalitarian power = Communism. Exterminate monopolies.
Execute all antitrust laws to break up all monopolies : Sherman Antitrust Act, restore Glass Steagall Act and all other laws to restore capitalism, domestic production and American jobs.
Government agency FTC - created illegal monopolies and communist system structure by allowing for mergers and acquisitions, offshoring, illegal imports.
The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of consumer protection and the elimination and prevention of what regulators perceive to be harmfully anti-competitive business practices, such as coercive monopoly.
The Bureau of Competition is the division of the FTC charged with elimination and prevention of "anticompetitive" business practices.
It accomplishes this through the enforcement of antitrust laws, review of proposed mergers, and investigation into other non-merger business practices that may impair competition. Such non-merger practices include horizontal restraints, involving agreements between direct competitors, and vertical restraints, involving agreements among businesses at different levels in the same industry (such as suppliers and commercial buyers).
The FTC shares enforcement of antitrust laws with the Department of Justice. However, while the FTC is responsible for civil enforcement of antitrust laws, the Antitrust Division of the Department of Justice has the power to bring both civil and criminal action in antitrust matters.
Example- mergers in health care created the largest Health Care Industry and we see the price increases, price control because there is not much competition.
WellPoint, Inc. (NYSE: WLP) is the largest health plan company in the Blue Cross and Blue Shield Association. It was formed when WellPoint Health Networks, Inc. merged into Anthem, Inc., with the surviving Anthem adopting the name, WellPoint, Inc. and began trading its common stock under the WLP symbol on December 1, 2004. On April 13, 2009 it was announced that WellPoint had reached a definitive agreement under which St. Louis based Express Scripts will acquire WellPoint's NextRx subsidiaries for $4.675 billion.
Government agencies are responsible for illegal offshoring, illegal imports and trade deficits.
The truth will set us free and lead to prosperity.
Restore America to Constitution.
USA, Liberty! In God We Trust. Defend our Constitution. Defend Capitalism free market as protected by Sherman Antitrust Act and other laws to the benefit of all people, from socialism, communism, parasites, bail-outs, subsidies, predatory mergers-acquisition, monopolies price control, market control, inflation, poverty, slavery..
You must educate yourself and demand reforms from public servants. Reforms, Reforms, Reforms.....
1.Offshoring - producing abroad and importing below production cost, exterminating domestic competition is illegal. Offshoring jobs is illegal, this is illegal alien -service imported to USA.
Job-offshoring costs are the part of total production cost. Selling below production cost is illegal in U.S.A. under Sherman Antitrust Act. Get it now. Put embargo on offshoring.
2. Imports are illegal if selling below domestic production cost - put embargo.
3. Implement Balanced trade, this is import = export, or export more than import.
Import only where it is necessary and if goods and services can not be produced home. Lack of people with skills is not enough. Companies must open own school and train. If American company can open university in China to teach and train for own business, they can do the same in USA. Read about offshoring to China and Applied Materials.
Demand also that foreign exporters must produce their products and services in USA, subject to USA Antitrust Laws to prevent the creation of monopolies and predatory price fixing, limiting also their market share to maintain strong competitive forces. If they do not like it, they do not have to come to USA. Most foreign corporations are dumping their products with no limits, exterminating our jobs, domestic production... and this must end now! Canada requires now that most importers must produce in Canada.
4. All large monopolies and banks must be broken into small competitive companies - apply Sherman Antitrust Act, bring back Glass Steagall Act..
5. People, unions, should unite and organize strikes and demand from corrupted public servants to implement balanced trade .
Boycott media, companies and foreign made products .
Boycott Walmart- this is a predator that is importing most goods from China. I could not find any product made in USA. It might even block selling any product made in USA because Walmart is monopoly, controlling market.
Walmart is a global predatory monopoly with horizontal and vertical integration.
It means from producers in China to retailers - vertical , selling own products at retail chain -horizontal.
Exterminated most domestic smaller stores.
Walmart has also other names like Sams Club .....
When the company exterminates competitive forces, it will later increase the price at our cost because there is no competition.
Eat the foreign poison now or WMD. Pay higher price and get poorer. China is known from poisons in food products and other....
We must break down Walmart into several competing smaller companies. Our antitrust law - Sherman Act must be used now to break down Walmart into smaller companies.
T.Geithner - Treasury Secretary is only talking about balanced trade and China currency manipulation.
This is not enough. Action now!!!
Corrupted servants must be fired. Give them choice - balanced trade today, stop illegal job-offshoring and imports or they are fired.
You can also help by not buying "made in foreign" country any goods.
Global trade, yes but it must be balanced . It means import = export or export must be more than import.
Link to Walmart.
Sherman Antitrust Act.
Restore Capitalism and strong competitive forces. Break down all too big to fail, too big to jail predators. Stop illegal job-offshoring and imports dumping below domestic production cost.
I am resurrecting American Constitution..
Foreign Interest - National Security Threat
China is a holder of U.S Treasuries and also has an interest in our American Corporations making decision about production, employment ... or import .
China is holding also nationalized mortgage companies Fannie, Freddie - bonds .
This is even more dangerous and we must demand balanced trade if people like or not.
U.S.Treasury bonds are callable it means that government can repurchase them from Chinese holders or China can sell them in free markets and as a result interest rate would go up but the price of bond will go down and China might be a loser also.
So both sides might be a losers.
I would not be so afraid of enforcing balanced trade. Embargo or total prohibition of import would be deadly.
These perverted opinions and threats about balanced trade are done by our corrupted servants to the interest of China and predators who want to import and pocket the profit at peoples expense. Opinions are fraudulent and purchased to threaten us.
This what FED is doing, paying for corrupted , criminal opinion of economist who are also on the payroll of Federal Reserve.
I say again - implement balanced trade today.
I would also recommend to buy back any US Treasury that is in foreign hand. This can be kept in domestic hands but
the best way is to balance budget now , stop production of debt today.
Japan is holding own debt.
See foreign holding ( they are not all) :
China debt might be bigger.
China acquired an interest in American major Corp. Some bail-outs and American stimulus went to foreign interest also.
After Buying Spree, China Owns Stakes in Top U.S. Firms
by David Barboza and Keith Bradsher
Monday, February 8, 2010
provided by New York Times
"Flush with cash despite the global economic downturn, China's sovereign wealth fund quietly snapped up more than $9 billion worth of shares last year in some of the biggest American corporations, including Morgan Stanley, Bank of America and Citigroup.
Although most of the stakes were small, China Investment Corp., the government's $300 billion investment fund, now owns stock in some of the best-known American brands, including Apple, Coca-Cola, Johnson & Johnson, Motorola and Visa.
The detailed list, which contained holdings totaling $9.6 billion as of Dec. 31, was disclosed Friday in a filing with the U.S. Securities and Exchange Commission; it lists stakes only in companies traded in the United States.
Prime Minister Wen Jiabao of China and other officials have repeatedly expressed worry about how the country's holdings of U.S. Treasury securities could be hurt by inflation or by mounting U.S. debt. “
China and Russia are also large holder of Fannie and Freddie bonds This is even worse because government nationalized these company and we taxpayer guarantee 5 Trillion . This is our additional liability . The question is who forced this illegal ownership on us? take these criminals Fannie , Freddi and public servants to jail and charge them with all losses.
“Paulson also wrote that Chinese officials were very helpful during the crisis. He spoke often with Wang Qishan, vice premier of China’s financial and economic affairs, who pledged his country wouldn’t sell its large holdings of U.S. Treasury and agency bonds.
Russia tried to take advantage of the turmoil in U.S. markets, he wrote. While he was attending the Summer Olympic Games in Beijing in early August 2008, he learned that “top-level” Russian officials suggested to the Chinese that the
two countries sell a large amount of the Fannie Mae and Freddie Mac bonds they owned in order to force the U.S. to bail out those firms. The Chinese refused, Paulson said.A spokesman for Russian Prime Minister Vladimir Putin, Dmitry Peskov, said today Russia never approached China about dumping U.S. bonds.
To contact the reporter on this story: Michael McKee in New York at email@example.com .”
We do not need war. There are better ways to destroy any nation: trade imbalances, manipulation with financial instruments, commodities like oil, printing money by FED-driving us to devaluation of U.S. $, inflation and total poverty. Add to it all bail-outs, subsidies, social...We can not hide the truth. Children in public schools got Bolshevik education about social justice and socialism-communism.
We are now under socialism-communism system structure and dying in own waste-all self made.
National debt is out of control and we are on the path to devaluation and inflation, Argentina style if not stopped.
People are losing jobs, homes, not able to pay for mortgage and growing property taxes. Tax seizure is very common because we do not have any legal rights to property and income. The government can take it all.
Foreign predators are invading U.S. markets and implementing their communist rule of law.
Communist China and foreign predators are taking this opportunity of our economic collapse and buying controlling interest in our "American" corporations, buying our companies, resources at discounted prices.
See the most recent acquisition as I wrote above and the most recent as below.
Extermination of NYSE and the creation of fascist - communist type global monopoly. Stop this illegal merger and communism-totalitarian system.
Our American corporations are no longer American because the foreign ownership is now more than 50% and they are dumping their made in China products on our market exterminating our Capitalism-free markets, American domestic production, American jobs, American prosperity and freedom.
This is communism-dictatorship and we are part of NWO- global communism and fascist type global monopolies.
We are slaves now to foreign interest and public corrupted servants, serving these foreign corporations and FED - global banking financial terrorist who extorted more than 16 Trillion from U.S. Taxpayers to the benefit of foreign banks and corporations.
List of companies with foreign interest
According to the website Economy in Crisis, "Foreign ownership refers to ownership of assets of a particular industry by foreign controlled domestic U.S. Corporations (FDC) 50% or more owned by a foreign entity."
By that definition, the percentage of foreign ownership as of 2002 by industrial sector was as follows:
Sound recording industries - 97%
Commodity contracts dealing and brokerage - 79%
Motion picture and sound recording industries - 75%
Metal ore mining - 65%
Motion picture and video industries - 64%
Wineries and distilleries - 64%
Database, directory, and other publishers - 63%
Book publishers - 63%
Cement, concrete, lime, and gypsum product - 62%
Engine, turbine and power transmission equipment - 57%
Rubber product - 53%
Nonmetallic mineral product manufacturing - 53%
Plastics and rubber products manufacturing - 52%
Plastics product - 51%
Other insurance related activities - 51%
Boiler, tank, and shipping container - 50%
Glass and glass product - 48%
Coal mining - 48%
Sugar and confectionery product - 48%
Nonmetallic mineral mining and quarrying - 47%
Advertising and related services - 41%
Pharmaceutical and medicine - 40%
Clay, refractory, and other nonmetallic mineral products - 40%
Securities brokerage - 38%
Other general purpose machinery - 37%
Audio and video equipment mfg and reproducing magnetic and optical media - 36%
Support activities for mining - 36%
Soap, cleaning compound, and toilet preparation - 32%
Chemical manufacturing - 30%
Industrial machinery - 30%
Securities, commodity contracts, and other financial investments and
related activities - 30%
Other food - 29%
Motor vehicles and parts - 29%
Machinery manufacturing - 28%
Other electrical equipment and component - 28%
Securities and commodity exchanges and other financial investment activities - 27%
Architectural, engineering, and related services - 26%
Credit card issuing and other consumer credit - 26%
Petroleum refineries (including integrated) - 25%
Navigational, measuring, electromedical, and control instruments - 25%
Petroleum and coal products manufacturing - 25%
Transportation equipment manufacturing - 25%
Commercial and service industry machinery - 25%
Basic chemical - 24%
Investment banking and securities dealing - 24%
Semiconductor and other electronic component - 23%
Paint, coating, and adhesive - 22%
Printing and related support activities - 21%
Chemical product and preparation - 20%
Iron, steel mills, and steel products - 20%
Agriculture, construction, and mining machinery - 20%
Publishing industries - 20%
Medical equipment and supplies - 20%
I saw on CNBC - news- they are blocking information that Chinese government - communist state has state ownership in 75 % of major company.
US -Trade Balances- Data Source - CIA
Trade Balances 2009- USA, Japan, Germany
US-Export =$1.046T, Japan- Exports = 542.00 billion, Germany-Exports = 1.15T
US-Imports:$1.56T, Japan-Imports =499.00 billion, Germany-Imports = 966.90 billion
USA - Trade deficit = - $517.00 billion , Japan-Trade surplus = 43.00 billion, Germany - Trade surplus=183.10 billion
USA is loser it has trade deficit because imports are more than exports.
Look at Japan and Germany, they have trade surplus because exports are more than imports. Public servants in USA are corrupted serving China and other foreign entities at the cost of American jobs, prosperity and freedoms.
Call Unions now and strike at public servants.
Stop imports by any means. You have to act because public servants will not act. Take power now.
Walmart has 91% imports from China., made in China. Strike at Walmart and all other predators - importers.
Data- Imports-Exports with China and Japan
USA - China Import = 19.3% Japan -China Imports= 10.90%
USA - China Export = 6.5% Japan -China Exports = 18.80%
USA - has trade deficit with China, Japan - has trade surplus with China
How can you lie to the American worker and tell him that he can not compete?
This is total communism in USA, taking blood from American people, serving communist China and foreign predators.
German worker, European worker wages are more than in USA .
Stop lies now and charge all public servants with crime.
Implement balanced trade today by any means: increase exports, embargo, stop imports, put import quota, adjust currencies, taxes, tariffs...
The company- Applied Materials provides education in China and this must be done also in U.S.A. Saying that American workers are not skilled or qualified are lies at the cost of our workers.
Read this - Applied Materials is USA the best innovating - company going to China.
"Applied Materials Opens Advanced Solar Research and Customer Demonstration Facility in Xi’an, China
Applied Materials Inc announced it has opened an advanced solar research and demonstration facility in Xi’an, China. Applied Materials’ Solar Technology Center, said to be the largest non-government solar energy research facility in the world, is comprised of laboratory and office buildings covering more than 400,000 square feet and contains an entire Applied SunFab thin film manufacturing line and a complete crystalline silicon pilot process. These lines are configured to closely simulate customer fabrication (fab) environments.
“This opening represents a critical breakthrough for the photovoltaic industry and China and a tremendous benefit to our customers,” said Mike Splinter, Chairman and CEO of Applied Materials. “Establishing this center in China is an integral part of Applied’s global strategy and an important step toward the industrialization of the global solar industry.”
Applied Materials is celebrating its 25th anniversary in China this year and today has more than 800 employees and 13 offices in the country, with approximately 300 employees in Xi’an. Applied first broke ground in Xi’an in 2006 and the total investment in the multi-phase project is more than $250 million dollars. The completed facility includes a solar technology center for R&D, engineering, product demonstration, testing and training for crystalline silicon and thin film solar module manufacturing equipment and processes. Employees in the center will work closely with local suppliers to test and qualify new materials and tools and evaluate potential new cost saving technologies. The center has the largest solar array in Xi’an, a 56 kW array on a parking lot structure.
“We believe this technology center will provide important contributions to driving down the cost of solar around the world,” stated Mark Pinto, Senior Vice President, General Manager, Energy and Environmental Solutions and Applied’s Chief Technology Officer. “In addition to housing Applied’s state-of-the-art research into solar manufacturing techniques, customers and potential customers from around the world will be able to work side-by-side with our technologists to reduce their time to market and improve factory productivity and cell efficiency.”
Xi’an is located in the Shaanxi province in northwest China and is a growing center of energy technology excellence in China. The local province boasts more than 40 colleges and universities and Xi’an is recognized as one of the leading high technology research areas in the country. Applied has worked closely with local governments, contributed to research and awarded 166 university scholarships since 2005 through an R&D fund with the Xi’an Municipal Science and Technology Commission and Xi’an High Tech Park.
“As China works to build its renewable power infrastructure we are pleased to offer such a unique facility. In the laboratories, local suppliers of systems and materials will be able to work closely with our engineers to reduce development costs, accelerate the industrialization of clean energy technology and contribute to decreasing the cost of solar,” said Charlie Gay, President, Applied Solar. “This is a powerful benefit we are bringing to our customers and to China, and we look forward to immediately putting these capabilities to work.”
What about increasing Exports to China and India ....
American companies are the most innovative companies opening the best factories in China to produce and to dump their products to U.S. at the cost of American worker.
China is expanding on global scale
"Industrial and Commercial Bank of China Ltd. (ICBC) is China’s largest bank and the largest bank in the world by market capitalization. It is one of China’s ‘Big Four’ state-owned commercial banks. It is also the largest bank in the world in terms of market value, the world’s largest bank by deposits, and the world’s most profitable bank as of 2009.
To have a Chinese state bank take over one of America’s largest banks would be a clear signal that Chinese power is moving out of the shadows in the west and into the mainstream.
Fascism with a businessman’s face is what we should fear now, not terrorists from the stone age. But who wants to stand against fascism any more?"
China - communist state 75% major companies are state -ownership
China is using subsidies to invade USA
China is using currency manipulation to invade USA
China has no respect for any intellectual property right, patents.
USA patent law, free speech are all violated.
China is the biggest criminal to copy our technology and invention.
China is protecting own state from imports.
China - communist monopolies are exterminating private ownership and competitive forces.
This is happening also in USA - nationalization: Fannie, Freddie... bail-outs to large monopolies.
"Part of the Beijing Consensus involves consolidating power among state-run enterprises by purchasing private competitors. Not only does that grow the power and influence of the state, but it also serves to keep Western competition out of the market."
This is all truth, Chinese communist government is subsidizing all production to exterminate competition.
USA, Liberty! In God We Trust. Defend our Constitution. Defend Capitalism.
Labor Cost Data - Average labor cost in Germany and Europe
Exchange rate = 1.597 x 29.10 euros = $46.5
Average labor costs per hour worked in Germany stood at €29.10 = $46.5
European Union Average =1.597 x 22.80 euros = $38.41
USA labor cost is about $32.00
See global labor cost, page 3 of 8
Foreign Corporations are dumping their products and communist rule of law by taking ownership in U.S companies or expanding their ownership - This is Communism- totalitarian system creation under the communist theory
Foreign corporation including China are dumping their products and communist Rule of Law on USA. They are doing the same all over the world and this is communism creation-the dictatorship, exterminating domestic jobs, production, competitive products and capitalism-free market.
This is also communism creation when you exterminate capitalism and competition. Global monopolies are ruling now under communist theory "free trade". There is not free trade, fair yes but it must be balanced.
Whole world is collapsing now due to trade imbalances. Rich is getting richer, people are starving. We must implement balanced trade now to stop the collapse.
Foreign corporation must comply with domestic rule of law- antitrust legislation-Sherman Antitrust Act and limit their market share to maintain strong competitive forces. Each country has own antitrust laws to protect the people and businesses from all predators.
USA, Liberty, exterminate illegal monopolies-Sherman Antitrust Act to maintain capitalism with strong competitive forces as it was created to the benefit of all people, not few predators and totalitarian powers of monopolies.
Celente: US jobs emigrated to China & Latin America
Driving Jobs Offshore | by William Norman Grigg
Offshoring Of US Jobs - The Hidden Truth and the Cost
Free Trade Zone-communist manufacturing base.
By Barbara H. Peterson
Let’s quit being polite and call this maneuver by corporate governments exactly what it is – treason. Nothing more, nothing less. Selling off pieces of America to a foreign government so that government can plant a sovereign city inside our country that is not subject to our laws amounts to treason.
Thanks to the trillions of dollars that the Chinese have made flooding our shores with cheap products, China is now in a position of tremendous economic power. So what is China going to do with all of that money? One thing that they have decided to do is to buy up pieces of the United States and set up “special economic zones” inside our country from which they can continue to extend their economic domination. One of these “special economic zones” would be just south of Boise, Idaho and the Idaho government is eager to give it to them.
China National Machinery Industry Corporation (Sinomach for short) plans to construct a “technology zone” south of Boise Airport which would ultimately be up to 50 square miles in size. The Chinese Communist Party is the majority owner of Sinomach, so the 10,000 to 30,000 acre “self-sustaining city” that is being planned would essentially belong to the Chinese government. The planned “self-sustaining city” in Idaho would include manufacturing facilities, warehouses, retail centers and large numbers of homes for Chinese workers. Basically it would be a slice of communist China dropped right into the middle of the United States. (End of America)
What Does Special Economic Zone – SEZ Mean?
A Special Economic Zone (SEZ) is a geographical region that has economic and other laws that are more free-market-oriented than a country’s typical or national laws. “Nationwide” laws may be suspended inside a special economic zone…
In the People’s Republic of China, Special Economic Zones were founded by the central government under Deng Xiaoping in the early 1980s. The most successful Special Economic Zone in China, Shenzhen, has developed from a small village into a city with a population over 10 million within 20 years. India has also played a significant role in the founding and establishment of Special Economic Zones. It has the largest outsourcing industry in Asia. (Wikipedia)
So, if China gets its way in Idaho, we will have sections of America belonging to a communist foreign government whose residents and the corporations that employ them do not have to abide by our national laws. The term “sovereign immunity” comes to mind.
Sovereign immunity, or crown immunity, is a type of immunity that in common law jurisdictions traces its origins from early English law. Generally speaking it is the doctrine that the sovereign or state cannot commit a legal wrong and is immune from civil suit or criminal prosecution… (Wikipedia)Not only will people living in this country be exempt from our laws, but the land will be designated a “free trade zone.”
…a region where a group of countries has agreed to reduce or eliminate trade barriers. Free trade zones can be defined as labor intensive manufacturing centers that involve the import of raw materials or components and the export of factory products. The world’s first Free Trade Zone was established in Shannon, Co. Clare, Ireland Shannon Free Zone. (Wikipedia)And just whom do you think this special economic zone, or “labor intensive manufacturing center,” will be employing? Those who live in its jurisdiction, and those who follow its laws. Not our laws, but China’s. Do you think that anyone other than a Chinese national will live in this zone? If you do, I’ve got some oceanfront property in Arizona to sell you. Do you think that the pay for jobs in the zone will be equivalent to America’s pay scale? Is China’s? No. And China’s standard will exist in the zone.
This is not a boom to Idaho, but a death knell for those who are rapidly losing jobs to overseas outsourcing, only this will be so much more convenient for the mega-corporations. Just import China to America, make this little piece of China exempt from our national laws, and get away with what you got away with in China, sans the travel time. If this isn’t an end-run around national laws that benefit we the people, I don’t know what is. Change from the inside out. If Mohammed can’t go to the mountain, just bring the mountain to Mohammed and declare it sovereign territory.
Corporations setting up in a zone may be given tax breaks as an incentive. Usually, these zones are set up in underdeveloped parts of the host country; the rationale is that the zones will attract employers and thus reduce poverty and unemployment, and stimulate the area’s economy. These zones are often used by multinational corporations to set up factories to produce goods (such as clothing or shoes). (Wikipedia)Reduce poverty and unemployment? Let’s take a look at what really goes on inside the zone:
Labour AbuseCould you live on Chinese wages?
In addition to real estate speculation, zones also produced other problems. Ironically for an avowedly communist regime,abuse of labour is rampant in Chinese SEZs [ICFTU 2003]. Seven million people out of Shenzhen’s total population of 12 million are migrant workers, with almost no legal or social protection [French 2006].
1992 data for the Guangdong province, home of Shenzhen, shows very high death rates among industrial workers and more than 500,000 child labourers – a phenomenon which had been greatly reduced in post-revolutionary China [Weil 1996]. In 2003, at least half the firms in Shenzhen owed their employees wage arrears [ICFTU 2003], and at least one-third of Chinese zone workers received less than minimum wage [Jayanthakumaran 2003]. The labour turnover rate is more than 10 per cent [French 2006]. Indeed, Shenzhen workers are so desperate that despite the lack of any independent unions, more than 10,000 wildcat strikes took place in 2006 alone [ibid].
This labour abuse is accompanied, unsurprisingly, by crime. Shenzhen now has a crime rate that is nine times higher than that of Shanghai, and is notorious for the trafficking of women and sex trade [Goswami 1997]. Relaxed customs have also led to large-scale smuggling; two of the original zones, Shantou and Xiamen, were hit by massive tax and smuggling frauds in 2000 and 1999 respectively [Business China 2006].
As different parts of China have very different standards of living, China does not set one minimum wage for the entire nation. Instead, the task of setting minimum wages is delegated to the local governments. Each province, municipality, or region sets its own minimum wage in accordance with its own local conditions.
The table below lists the minimum monthly wages for some of the provinces or regions in China. The US$ column is based on the 20th April 2011 conversion rate of US$1 = RMB¥6.52. The table is correct as of 20th April 2011. (Wikipedia)
But what goes on in the zone stays in the zone. Or does it? Well, sort of. Companies can move workers to and from any free trade zone in the country, and according to Marti Oakley of the PPJ Gazette,
Inside these free trade zones they are required to hire only a maximum of 10 US citizens. They bring these people in on EB-5 visas that avoid customs and immigration. After two years if they haven’t been in any trouble they are given citizenship and may move anywhere in the country.Just what type of economic boom is this sell-off of American soil to a foreign government supposed to be to the people of Idaho? And do you actually think that the people living in these zones will be buying anything outside of the zone? At these wages, could you? Live in the zone, work in the zone, play in the zone, and do what China SEZ.
So the question is: What will you do when you are surrounded by Chinese zones that are not subject to our national laws right outside your front door if/when China decides that America is no longer its “friend?”
© 2011 Barbara H. Peterson
OOH,..Yes you will pay for your idiocy for noncompliance with U.S. Constitution and trade imbalances. Balanced trade now. Produce home and stop free trade- NWO-concept.
Stop illegal job offshoring and imports now.
Comply with Sherman Antitrust Act - selling products from imports below domestic production cost is illegal. It is illegal extermination of domestic production, extermination of jobs, extermination of capitalism, our freedom and prosperity to the benefit of wealthy individuals and monopolies.
Free trade or globalization ( one world global government) is the communist concept to transfer the wealth from poor and middle class to the wealthy elite and monopolies.
See this video - China and African government of Nigeria signed an agreement to establish manufacturing base in Africa- Nigeria to sale the good in Africa and other markets utilizing African cheap slave labor. It is projected that future GDP per capita in Africa will be $3,000.00-4,000.00 per capita while in China will be much larger $30,000.00 - 40,000.00 per capita and China will be the largest GDP generator in terms of money but not per capita.
Goodbye Middle Class....Class Warfare Declared Years Ago! Wake Up'
Santa's Workshop - Inside China's Slave Labour Toy Factories
Communist China Purchases US State Idaho - Pastor Mike Hoggards Holy Spirit Perspective.
The Chinese Government Is Buying Up Economic Assets And Huge Tracts Of Land All Over The United States
Stop NOW-Zionists-communism terrorism - global free trade. Communists are exterminating domestic jobs, production, collapsing whole global economies, buying global resources to control us.
Manufacturing base is in China and in Idaho, Chinese are building communist labor camps, Zionist - Project 60, Zionist-FEMA camps -death camps.
Job-offshoring, is illegal, it is part of total production cost. Selling foreign made products below domestic production cost, exterminating American jobs and production is illegal under Sherman Antitrust Act, in Europe it is Competition Law. Force all foreign producers to produce home like in Canada, in compliance with Sherman Antitrust Act to maintain strong competitive forces to protect all people from parasites, socialism, communism, monopolies, price control, market control, predatory mergers-acquisitions, subsidies, bail-outs, free trade.
Agenda 21 for Public Officials.avi
Zionist - United Nation - Project 21, and Project 60-depopulation and labor camps-manufacturing bases-free trade zone.
Be ready to get the jobs at FEMA camps, mass graves and communist labor camps.
When the civilized rule of law can not be applied under U.S. Constitution = Ron Paul, it is implied that idiocy and barbarism must take over under the dictatorship of current communist NWO-elite and their communist servants. Public servants exterminated American jobs and domestic production under illegal communist concept - global free trade.
USA collapse = the collapse of Soviet Union. Our public servants destroyed U.S. Constitution, Liberty and Prosperity, but they made the investments in FEMA camps.
The Zionists Behind FEMA Campshttp://www.youtube.com/
Trade Deficit with China Has Cost 2.8 Million U.S. Jobs Over Past Decade, New Study Finds
The growth of the U.S. trade deficit with China since that country entered the World Trade Organization in 2001 has had a devastating effect on U.S. workers and the domestic economy. Between 2001 and 2010, 2.8 million U.S. jobs were lost or displaced. Using a new model, the study by the Economic Policy Institute reveals a first look at how the growing trade deficits cost jobs in every congressional district, including the District of Columbia and Puerto Rico.
See a nice map.
Lost jobs to communist concept - free trade agreements.
U.S. Economy Lost Nearly 700,000 Jobs Because Of NAFTA, EPI Says
When the North American Free Trade Agreement was first signed in 1994, proponents said it would eventually create jobs for the U.S. economy.
17 years later, a new report estimates, the American worker only has hundreds of thousands of job losses to show for it.
According to a report by Economic Policy Institute economist Robert Scott, entitled
"Heading South: U.S.-Mexico trade and job displacement after NAFTA," an estimated 682,900 U.S. jobs have been "lost or displaced" because of the agreement and the resulting trade deficit.
The historic agreement, signed just three years after the collapse of the Soviet Union, tore down trade barriers between the U.S., Canada and Mexico, making trade and investment easier for businesses without allowing for the cross-border movement of labor. Despite the agreement being considered a boon for Mexico, the country's economy grew only 1.6 percent per capita on average between 1992 and 2007, The New York Times reported in 2009.
The EPI's calculation of 682,900 jobs lost to NAFTA takes into account jobs created as a result, too. Last year, for example, U.S. exports to Mexico supported 791,900 jobs. It's just that those jobs created pale in comparison to the 1.47 million U.S. jobs that would be necessary without the imports resulting from NAFTA, the report found.
Still, the number of jobs lost to NAFTA looks minimal when placed against the havoc freaked by the financial crisis. Only in 2008, at the height of the crisis, the U.S. economy hemorrhaged 2.6 million jobs, according to CNNMoney.
The U.S. is currently considering a similar trade agreement with South Korea, called U.S.-Korea Free Trade Agreement (KORUS FTA). KORUS, like NAFTA, could similarly displace American jobs, EPI warns.
Perhaps the most drastic switch post-NAFTA has been in the two country's trade deficit. In 1993, before the signing of NAFTA, the U.S. held a $1.6 billion trade surplus over their neighbor to the south, which supported 29,400 jobs. By 1997, the tides had turned, and Mexico laid claim to a much larger surplus of $16.6 billion. As of 2010, it's not even close. Mexico's trade surplus now hovers around $97.2 billion.
Jobs continue to be lost to NAFTA today. In the years 2007-2010, the U.S. economy has lost 116,400 as a result of the trade deficit created by NAFTA. And last year, the growth of
Mexican jobs -- 30,400 -- than the entire U.S. auto industry.
It's the U.S. manufacturing sector that has suffered most mightily from NAFTA, alone accounting for 60.8 percent -- 415,000 total -- of the jobs lost to the agreement. Specifically, those making computer of electronic parts have accounted for 22 percent of all job losses, and motor vehicle and parts workers accounted for 15 percent of job losses.
Job losses haven't been limited to certain geographic regions, either, as all fifty states have lost jobs as a result. And while the states with the largest total number of job losses, California and Texas, do hug the southern border, it's actually manufacturing-heavy states to the north, such as Michigan, Indiana and Kentucky, that have lost the largest share of jobs to Mexico.
The Federal Reserve shareholder -Rothschild behind China's purchase of foreign firms
Jennifer Yu Leads Rothschild's China Push
Rothschild's top Asia executive is eager to put in on top in the fast-growing M&A
When Jennifer Yu, Rothschild's top executive in China, wanted the firm to advise Chinese carmaker Zhejiang Geely on its bid for Volvo, some colleagues at the bank's headquarters in Europe were skeptical. A senior banker asked her how a "mouse" like Geely could swallow an "elephant" like Volvo. "There's a dragon behind this mouse, and it's China," Yu recalls answering. She and the team handling Geely won the argument, and Geely won the bidding. It completed the takeover of Volvo from Ford Motor (F) for more than $1.3 billion on Aug. 2.
Rothschild, the more-than-200-year-old family-controlled banking dynasty, is making a big move in China, and Yu is leading the charge. It plans to add 15 merger advisers there by March, giving it 55 in all, more than any foreign investment bank, says Olivier Pecoux, co-chief executive officer of Rothschild. Today, the merger business in China is still relatively small. So far this year, China has accounted for about 9 percent of the $1.1 trillion in deals around the globe, according to data compiled by Bloomberg. The potential, though, is enormous. China has $2.5 trillion in untapped foreign currency reserves and is mandating that state-owned companies expand abroad to secure natural resources such as oil and metals. "The economic balance of power has already changed, and it is moving to the East," says Yu, whose title is head of greater China. "There will be an increasing number of Western companies selling assets to China."
The firm hopes to build on the momentum of the Geely deal, which catapulted it to No. 8 among merger advisers in China so far this year, from 19th in 2009, according to data compiled by Bloomberg. That's nine places higher than Rothschild's ranking in North America, where it employs 150 bankers. Rothschild this year helped Royal Dutch Shell (RDSA) on its joint $3.1 billion bid for Brisbane (Australia)-based Arrow Energy with PetroChina (PTR), (RDSA) China's biggest offshore energy explorer. Rothschild is advising Beijing-based Citic Securities, the mainland's largest brokerage by market value, on creating a global equity brokerage with France's Crédit Agricole. "Clearly, under the leadership of Jennifer, and with the support of the senior management team, we are making meaningful progress in China," Chairman David de Rothschild writes in an e-mail.
A Shanghai native, Yu, 47, graduated from the Shanghai University of Finance & Economics. Her decision to study in China and work there after graduation gave her time to build connections, or guanxi, with government officials and corporate executives, many of whom were her classmates and friends, she says, declining to identify them.
Yu joined Rothschild in 2003 from BNP Paribas, where she focused on underwriting initial public offerings. She became head of China operations for Rothschild in 2005 and was promoted to her current role three years ago. In a country where the government often plays a key role in mergers and acquisitions—deciding, for example, which companies can bid for overseas assets—Yu's deep roots and extensive connections make her an effective dealmaker. "She knows what is doable or not in the Chinese environment," says Pecoux.
Yu's first major client at Rothschild, Shanghai Automotive Industry, bid for U.K.-based MG Rover, which was ultimately bought by Nanjing Automobile in 2005. Yu told her client not to worry—it would eventually own the Nanjing carmaker because the government would force consolidation in China's eastern region. Two years later, Shanghai Auto agreed to buy Nanjing's carmaking business in a government-brokered deal.
One challenge for Rothschild, Yu says, is that the firm doesn't have an equity underwriting business that could help clients raise money to fund acquisitions. The two leaders in Chinese M&A, according to Bloomberg data, state-backed China International Capital and Zurich-based UBS (UBS), both offer underwriting. Rothschild has been trying to overcome that disadvantage by advising clients on debt structuring and equity raising plans, says Mark Florance, Rothschild's head of Southeast Asia investment banking and a 22-year veteran of the firm.
The China merger market does not generate big fees right now. Chinese companies pay up to 0.7 percent on deals valued above $500 million, compared with 1.2 percent in Western Europe and 1.5 percent in the U.S., according to New York research firm Freeman & Co. Fees on M&A deals in mainland China through May totaled $181 million, compared with $3.1 billion for Western Europe and $4 billion for the U.S., the data show.
That doesn't mean the investments Rothschild is making today won't have a big payoff down the road. "People forget that in the 1980s, the U.S. banks came to Europe and got fewer fees than on Wall Street while building up the necessary infrastructure teams and systems," says Mark Bentley, a former HSBC (HBC) banker now with SDC Group in London. "Why should China be any different?" To Rothschild, it's not. And it's Yu's ambition to see Rothschild's reputation become as formidable in China as it is in Europe, where the firm made its name financing the Duke of Wellington's campaign against Napoleon. "In 10 years' time, Rothschild in China will become the Rothschild in Europe," she says.
The bottom line: Rothschild is building up its operations in China and sees the country becoming an increasingly lucrative source of dealmaking fees.
FED-Shareholder - Goldman's new money machine: warehouses-monopolizing and controlling commodities.
A string of warehouses in Detroit, most of them operated by Goldman, has stockpiled more than a million tonnes of the industrial metal aluminum, about a quarter of global reported inventories.
Goldman Sachs Group Inc., JP. Morgan ... manipulating the price of large metals, fixing prices – up and limiting supplies.
Wall Street Gets Eyed in Metal Squeeze.
CAPITALIST GANGBANGS : BANKSTER GUNS4COPS
The truth about Detroit Bankruptcy, lost jobs, high taxes..https://www.youtube.com/watch?v=y9sTiB6JAiQ
China protects own domestic production and imposes very high import tariffs on U.S. goods.
What are we doing to protect U.S. domestic production and jobs versus imports?
I am in pain when reading this article. Our public servants are traitors and a national security threat.
See this article:
"The automobile industry in China is still heavily protected behind a “tariff wall” even though this wall has come down significantly since China’s entry into the WTO. Cars imported to China face a tariff duty of at least 25 percent. In comparison, American duties on cars imported into the US are only 5 percent. Taking into account the 17 percent of VAT and other levies, imported cars and foreign-brand cars produced in China are substantially more expensive than the same type of cars in the United States. A new Cadillac SLS made in China will set a Chinese household back between $71,000 and $110,000, without the anti-dumping duty. A better performing Cadillac STS, on the other hand, costs an American household between $47,000 and $56,000....."
CHINA is collapsing!
Dependency on exports or imports is a national security threat, a suicidal mission, it is parasitic living and dangerous. Stay home produce home!
I predicted this!
Watch this in action!
Chinese dependent economy on exports collapses, currency devalued.
BEIJING—China’s central bank devalued its tightly controlled currency, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter.
Chinese authorities said the change would help drive the currency toward more market-driven movements. The move also signaled the government’s growing worry about slow growth. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective.
China is collapsing as I predicted.
China’s central bank devalued its tightly controlled currency on Tuesday, causing its biggest one-day loss in two decades, as the world’s second-largest economy continues to sputter. See what led China to make this move.
What Happened to China?
I will f..ck you ....Mayer Amschel Bauer Rothschild.
Global slavery and terrorism, mass murder by satanic entity-NWO and the FED.
China’s $23 Trillion Rothschild Credit ‘Debt’ Bubble Is Starting To Collapse ~ China Hanging Bankers: While U.S. Is $6 Trillion Less At $17 Trillion.
God bless America. Please protect us from criminals and idiots.!