As China grows stronger the US grows weaker. Our many trade partners and allies who use our vast, expensive military to project power and control Muslims, want the US to be the strongest bully nation on earth and fear China’s rise in power. But they cannot cease destroying our industrial base! Meanwhile, the IMF run by mainly the Bilderberg Europeans and US elites continues to protect the very rich, concentrate wealth for themselves while lecturing us about the need to tax energy severely so we can save ourselves from being warm.
China is building 70 airports, expanding their ship building capacity, widening their auto industries and in general, are moving rapidly past the US as the US cuts funds for internal infrastructure and passively allows what remains of our industrial base to vanish overseas. China runs trade surpluses while the US runs trade deficits. China is richer each year and the US is poorer. Pew survey: China seen edging past US as top economic power, but attitudes toward Beijing sour – The Washington Post
The 21-nation poll found that 41 percent of people said China was the world’s economic power, while 40 percent favored the U.S. Among the 14 nations that were asked the same question in 2008, the margin was wider: 45 percent placed the U.S. on top four years ago, with just 22 percent for China, but in the latest poll China was favored 42 percent to 36 percent.
The trend was especially strong in Europe: 58 percent of people in Britain saw China as the leading economy, versus just 28 percent for the United States. Even in the U.S., respondents were about evenly divided on the question. Turkey and Mexico were the only countries where more than half of people consider the United States the leading economic power.
The British public has a clearer view of things due to losing their own industrial base and empire. They saw all this vanish after WWII. They can see all the warning signs in the US. The sophistication of many Brits when it comes to understanding the economic situation is far greater than the US. More about that later.
Real economists (not the fakes we have here) understand that it is the trend that matters: the US chose free trade and began its catastrophic decline nearly immediately. It was only a matter of time before another world power would take over. Spending on military expansion overseas far from making a country stronger, makes it weaker if its industrial base vanishes. Any country that uses government debt while not taxing the rich while expanding overseas goes bankrupt. History is totally crystal clear about this. It cannot be evaded. But ‘economists’ in the US avoid this reality religiously.
But its situation is complex: China is relatively poor by income per person, while the United States is among the richest. The United States is the global center for the auto, computer, finance, aerospace and other industries.
This paragraph is pure propaganda inserted to not alarm Americans reading this tripe. True, the Chinese overall are ‘poorer’ but they are getting richer each year whereas the US middle class is being hammered to death and the working class actively destroyed with the death of unions. The US sustains spending by people here via giving out credit endlessly and then having lots of personal bankruptcies. But the general wealth of Americans of the middle class has collapsed by 50% this decade due to falling home values as the bankruptcies rise, killing real estate values.
Across the 21 nations surveyed, the median percentage with positive views of China and the United States were about the same, at 49 percent and 52 percent, respectively. But Pew noted that overall figure concealed big differences in some countries. In Japan, 72 percent saw the U.S. favorably, versus just 15 percent for China. In Pakistan, 85 percent saw China favorably while just 12 percent said the same for the United States.
Here is my reply to this propaganda piece:
9:12 AM EDT
China’s industrial base is growing year after year whereas the US industrial base is vanishing. Only the taxpayer-supported military production remains. Our auto industry has been taken over by foreigners who also export cars to the US and who wrote this insane article?
China, not the US, is the leading computer manufacturer. Not to mention all other electronics. And worse for the US, the entire US market is going to be only one third the size of China’s market. That is, there is a billion potential customers in China compared to 300 million in the US and the poor are getting more money and buying more stuff in China while in the US we are cutting wages and social services so people here can buy less and less.
Moreover, China runs a trade SURPLUS while the US has run a trade DEFICIT for 35 years! We have negative sovereign wealth whereas China is the world’s 1 sovereign wealth nation with Germany and Japan following suit.
Naturally the Japanese ‘love’ the US: we give them free military power to aim at the fearsome Chinese who still want to take revenge for WWII and we are dupes for Japanese exporters who have ravaged our industrial base and taken over our auto industries, making Japanese overlords richer.
Pakistan: we lost Pakistan and China won and this is very significant. The Iranians prefer the Chinese, too. Our attempts at bottling up China have failed miserably with Russia making joint alliances with China, too.
The US economy is rotting away while China’s economy is growing. Only 8% this year compared to the US going back into negative territory.
I went to the Guardian to see what the Brits are saying about the economic mess our Bilderberg gang leaders created: JP Morgan boss to explain $2bn loss
Jamie Dimon will tell US Senate committee that traders did not fully understand the risks they took.
HAHAHA. And they claim to be geniuses. The entire excuse for rewarding these jerks with lots of money is they are geniuses. They still claim their creation of the Derivatives Beast was an act of genius because it makes money out of thin air without the use of traditional money printing skills. Instead, they destroyed capital and international banking which limps along…barely.
One of the evilest organizations on earth aside from the US/UK banking chiefs is the IMF. The story in the Guardian about the French woman warning us about the mess she and her Bilderberg buddies created is very funny because of the comments which echo my own writing here: IMF chief warns of triple crisis
Lagarde warns of falling incomes, environmental damage and social unrest without sustainable growth (the Guardian headline):
12 June 2012 4:36PM
It also emerged that Lagarde pays no tax on her $467,940 (£298,675) a year salary.
People like Lagarde are part of the problem.
It’s really very simple, the rich have conquered democratic government, and have bent it toward their own interests.
The ‘free-market’ is just a device, legitimised by neoclassical economics, to justify and then reinforce existing power structures. The banks are a prime example, so powerful they can bend the will of political institutions.
Deregulation and privatisation do not level the playing field, they simply remove the borders and controls which prevent monopolies of power manifesting, unbalancing the structure of society itself in the process.
There is no such thing as a free market, there never can be as interest groups jostle for power with similar interests coalescing and agglomerating, consolidating their influence in a quest for power. It’s human nature, this is how things work.
The ‘free’-market is an illusion, and just gives free reign to powerful private interests to warp democracy, trampling the needs of the people in the process.
This is what we see happening throughout the West, and most pointedly in the USA and UK, the most liberalised of all the Western nations.
– This is why our jobs went overseas, and we were told there is no alternative
– This is why our wages are stagnating in real terms and politicians say they cannot intervene in the market to do anything about it
– This is why banks provide credit to supplement living standards, creating billions in profits
– This is why the government are marketising our public services, which corporations then run for private gain
– This is why social mobility is stalling; whilst Westminster is increasingly populated by the upper classes
– This is why our media support economic liberalisation; whilst the media owners attend the same restaurants and clubs as the politicians and the CEOs of multinational corporations
– This is why our communities are decaying, inequality grows and we are told we have no one to blame but ourselves.
Its not a conspiracy, (ELAINE: alas, it IS a conspiracy! The Bilderberg gang secretly conspires all the time to create this mess) its simply what happens when safeguards to prevent the concentration of power are removed, and then that concentration of power is allowed to freely exercise it’s influence over wider society, agglomerating more and more power in the process.
The 1930s were supposed to be a lesson against the danger to civilisation inherent in untrammelled economic liberalism; if they ever were a lesson they have obviously been forgotten.
12 June 2012 4:37PM
What a shameful piece of tripe. If these money launderers and politicians care a damn about the world they will ‘meet’ via video -link, instead of spending the money, creating more carbon etc gathering in Rio. Always somewhere nice that they gather isn’t it? never somewher with poteentially awful weather or a bad nightlife. Makes me so p*ssed off. I suppose we shoulde be glad DSK isn’t still head of the IMF otherwise he would be too sh*agged out to be of any use and the tax payers money would go on hookers…like it does with the US special protection officers. Jeez!
12 June 2012 4:39PM
…and still the biggest elephant in the world, Derivatives, gets ignored!!!
12 June 2012 4:39PM
“So-called “free trade” isn’t really free trade at all. It’s simply the rape of democracy by removing regulatory authority from at least marginally accountable public institutions to totally unaccountable private or corporate multi-national ones. An environment where corporate cliques can take huge sums of capital, made off the labour and trade of workers and consumers, and use it to blackmail and whipsaw communities and local governments into giving then huge concessions on everything from employment and ecological standards to human rights and taxation. That’s not freedom. It’s fascism—pure and simple”- Steppenwolf 2008
12 June 2012 4:39PM
So, the Banksters gambled our money and lost. We had to pay them back through our governments (our money again – more than once) but they find loaning the money to start new business or expand existing ones too risky lol. But we had to borrow the money so we now all share debts which we are told that we have to pay off as soon as possible (although in fact private debt is the problem not public debt). So, we have forced austerity which is slowing growth and the quality of life.
Meanwhile back at the ranch, countries are seriously threatening to default on debts, and the vultures are circling because there are succulent opportunities to make money out of misery. Although countries can’t go bankrupt, the financial systems which are owned by the very people who shouldn’t have control of them are leveraging them to ensure a systematic stripping of assets from countries one by one.
This is leading to greater social problems and environmental issues (most of which haven’t even been seen yet) and our government is selling our family jewels at knock down prices to their friends to pay back the debt which is not a major problem but has been sold as one.
The Brits have much more intelligent news than here in the US. We have wall-to-wall garbage. What is saddest here is how libertarians throw away socialism whereas in Europe people are attracted to national socialism because they want to survive. The Nazi mistake was to tie all this to tribalism and religious bigotry just like the Jews have done since then, a dead end because all this does is create enemies far and wide.
How do we organize society so we live well, safe, long lives that are psychologically rich? The US consumer model isn’t working. We see this in Japan and South Korea where suicide rates are high and birth rates dropping like a rock and the main entertainment of most of the people is shopping. In the US we see people getting enormously fat while increasingly unable to enjoy life as we slog around, trying to walk before collapsing.
The Medieval era saw the rich lording it over the very poor with virtually no middle class. We are returning to this model which is insane. Why the Bilderberg gang wants this is sad: they feel that desperate workers make better servants. They want us to be their slaves, essentially. Slaves are cheap, can’t complain and can be beaten mercilessly as foreign workers in oil pumping nations are learning the hard way.
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