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 China is Blocking America’s Economic Recovery

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PostSubject: China is Blocking America’s Economic Recovery   Mon Sep 19, 2011 7:41 pm

China is Blocking America’s Economic Recovery

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Americans of the generation that fought World War II and lived through the next fifty years of the Cold War never lost sight of the fact that the Soviet Union was Communist and therefore lacking anything resembling the moral values of our nation or the West. Why then do more recent generations ignore the fact that Red China is Communist and operates in the same predatory fashion?



One of the major reasons why there is no new job creation in America is tied directly to its policies toward Red China. Both the Bush and Obamaadministrations were reluctant to challenge China’s deliberate strategy of not just destroying America’s manufacturing base, but all other nations, making itself the center for manufacturing.

A new book, “Death by China: Confronting the Dragon—A Global Call to Action”, by Peter Navarro and Greg Autry spells out the threat and explains why letting China be America’s biggest lender, while luring more and more corporations to set up shop there is destroying the nation’s ability to recover.

There are, of course, other factors affecting recovery, not the least of which is Big Government with its massive regulatory stranglehold and the need to reform America’s tax policies, but beyond that is the growing threat of a China that is deliberately breaking all the international rules of trade and getting away with it.



China’s “industrial policy (is) aimed at nothing shore of the total domination of world manufacturing, the total penetration of global markets, and the economic subjection of the Western World.” That may sound like hyperbole, but the authors back it up in a book filled with frightening details and data.

One area that remains largely a mystery to most Americans is addressed in its chapter, “Death by Currency Manipulation.” The authors say “If money is the root of all evil, then China’s manipulation of its currency, the yuan, is the tap root of everything wrong with the U.S.-China trade relationship. China has dramatically slowed America’s economic growth rate and spiked our unemployment rate.”

“China manipulates its currency by artificially ‘pegging’ the Chinese yuan to the U.S. dollar at a grossly undervalued fixed exchange rate.”

The U.S. trade deficit with China is appalling. “In terms of absolute size, America imports almost $1 billion a day more than it exports from China every business day of the year. That’s not a typo: it’s billion, not million.”


Read more in the article linked above!!

Everyone needs to read the rest of this article until they understand it completely as it is very specific about how China is putting the screws to us!!! JMHO!!

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