Most Americans have no idea what an "economic war" is, and even fewer realize that economic warfare is being waged against the United States right now. For generations, it has been drummed into our heads that "free trade" is always a good thing and that truly free trade will always benefit both sides in the long run. None of our universities teach that trade can actually also be used as a brutally effective weapon of warfare and that economic warfare can bring down entire societies. Nowhere in the mainstream media will you even get a hint that other nations are purposely trying to damage the U.S. economy for their own benefit. But in a world where a "shooting war" with the United States is virtually unthinkable, those that wish to damage the U.S. must resort to other means to accomplish their goals.
The American people need to wake up and stop being so naive. The truth is that much of the rest of the world absolutely hates our guts. They resent our dominance and they are tired of us imposing our will on the rest of the globe. For generations, Americans have been taught to view themselves as "the good guys", but the sad fact of the matter is that most of the rest of the world does not view us as "the good guys" anymore.
In fact, there are quite a few nations out there that would actively like to do us harm.
So if they can't shoot at us, then how can they harm us?
Well, they can try to destroy us financially and economically.
Today, major exporting nations around the globe are draining the United States of wealth, they are stealing our industries and they are feeding our national debt addiction.
For some of these nations, they may not actively want to destroy our economy, but they sure do want to steal what we have got. They are more than happy to keep trading with us as long as they keep getting wealthier and their national economic infrastructure continues to get built up. The fact that their economies are getting stronger at the expense of the U.S. economy is not really a huge concern for nations in this category.
However, there are also quite a few nations that do actively wish to do harm to the United States. If trading with the United States will cause the U.S. to become poorer and to go into more debt, then that is a tool that they can use to reduce the power and influence of the Americans in the world.
Is this something that really happens? Yes. Do yourself a favor some time and read some economic articles and research papers from the other side of the world. In some of these countries they are not afraid to openly talk about economic war.
So what are some of the goals of economic warfare?
Well, when it comes to the United States, the goal is to induce big corporations (or even entire industries) to leave the U.S. and set up shop somewhere else. The idea is that the economic infrastructure of the United States will decline while the economic infrastructure of the "attacking nation" will be built up. The jobs and wealth creation that once were a benefit to America will now benefit someone else.
Another goal is to transfer wealth from the target country (the United States) to the attacking country. Each month the United States buys tens of billions of dollars more stuff from the rest of the world than they buy from us. Each month we send them big chunks of our national wealth and they send us oil and cheap plastic trinkets which we greedily consume. As this continues month after month after month, the rest of the world is getting richer while the United States is becoming poorer.
In a desperate attempt to maintain our standard of living, our federal government, our state governments and even our local governments are going into insane amounts of debt. Debt is another tool of economic warfare. As we continue to borrow trillions of dollars from the rest of the world, the ability of the United States to exert power and control over those nations diminishes.
The eventual goal of waging economic warfare against the United States is to make us so impoverished and so far in debt that our entire financial system crashes. If the U.S. experiences a "financial armageddon", it will greatly reduce America's place in the world. It could ultimately lead to the collapse of the U.S. government. Other nations (or organizations) that wish to have more power would then be able to fill the void that would be created.
So what are the tools of economic warfare?
One is currency manipulation. By keeping national currencies at an artificially low level, major exporting nations make their own exports much more attractive, thus stimulating job growth and wealth creation in their own nations.
Another tool of economic war is government subsidization of industries. Virtually all governments do this to some degree these days, but some take it much farther than others.
For example, there are some governments in Asia that will openly pump huge piles of government money into industries that are considered to be of "national interest". There is simply no way that western industries can compete on an equal footing against that kind of unfair advantage.
In the United States, companies face one of the highest overall tax rates in the world, they face mountains of ridiculous regulations and they have to provide health care and retirement benefits for their employees. But in other areas of the world the government takes care of health care for everyone, regulations are much less strict and corporate tax rates are much lower.
Is it any wonder why so many U.S. companies are having such a hard time today?
Another weapon of economic warfare is technology theft.
U.S. companies spend billions upon billions of dollars developing new technology that gets "stolen" one way or another by many foreign governments.
For example, there is one major Asian nation that offers huge tax incentives and kickbacks to big companies to get them to come over and set up shop there. But these companies are also required to train and hire local workers and they must agree to certain "technology disclosures".
Well, after a time the host nation sets us their own "domestic competitors" using the technology that they have acquired from the foreign company. Then the "domestic competitors" are tremendously subsidized and are given huge advantages that the original foreign company simply cannot compete with. Eventually the "domestic competitors" become the dominant players in the market.
This is happening over and over and over. Companies are shutting down operations in the United States and are opening up facilities in other nations where the labor is much cheaper, where regulations are not nearly as suffocating and where taxes are much lower. However, once these other nations learn the technology and are able to set up "domestic competitors", the original companies are learning that maybe it wasn't such a sweet deal they were being offered after all.
As the U.S. is being stripped of industry and is being deindustrialized, the American middle class is being absolutely devastated. Since the year 2000, we have lost 10% of our middle class jobs. In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs. Sadly, the millions of jobs that have been sent overseas are never coming back.
Meanwhile, our national wealth is being drained from our bank accounts. Back in 1985, the U.S. trade deficit with one particular Asian nation was just 6 million dollars for the entire year. But for this past August alone, the trade deficit with that same nation was over 28 billion (that's billion with a "b") dollars.
In other words, the U.S. trade deficit with that one Asian nation in August was more than 4,600 times larger than the U.S. trade deficit with that Asian nation was for the entire year of 1985.
So how are we maintaining our high standard of living if we are shipping all of our wealth overseas?
Well, what we are doing is going back to all those nations where we have sent our wealth and we are begging them to loan it back to us.
Our federal government now owes trillions of dollars to major exporting nations. Our state governments also owe insane amounts of money to major exporting nations. We are in debt up to our eyeballs and it gets worse every single year.
Meanwhile, our national economic infrastructure is being absolutely ripped to shreds....
*Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.
*The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
*Since 2001, over 42,000 U.S. factories have closed down for good.
*As of the end of 2009, less than 12 million Americans worked in manufacturing. The last time that less than 12 million Americans were employed in manufacturing was in 1941.
*Manufacturing employment in the U.S. computer industry was actually lower in 2010 than it was in 1975.
The sad truth is that the U.S. is being dominated even in very high-tech industries. The major exporting nations are becoming rich by creating wealth and we are becoming poor by voraciously consuming wealth.
Unfortunately, some of the major exporting nations that we have a massively imbalanced trade relationship with are doing this to us on purpose. They see our weakness and the are taking advantage of it. They believe that it is in their own national interests to make the United States weaker.
Sadly, a very significant percentage of those that will read this article will not believe it. Most Americans have been so brainwashed when it comes to trade that they could never even conceive that it could possibly be used as a weapon of economic war.
But the truth is that there are even many prominent Americans that openly talk of weakening the U.S. economy and of reducing the standard of living of the U.S. middle class so that we can be more easily merged into the emerging global economic system.
It is time to wake up. The United States is under economic attack.
More jobs are going to leave the United States this month. More factories are going to leave the United States this month. Tens of billions more dollars of our national wealth is going to be transferred out of the country this month. Our federal, state and local governments are all going to go into more debt to foreigners this month.
Month after month after month this goes on. It is being done by design.
Perhaps when the entire U.S. financial system collapses the American people will finally begin to understand. The truth is that the greatest threats to our national security are not some impoverished goat herders hiding out in caves in Afghanistan. Rather, the cold, hard reality of the situation is that our national economic infrastructure is being ripped apart and stolen right in front of our eyes and we have become so dumbed-down that we don't even understand what is happening.
If you want to see "the future of America", just tour some of the formerly great industrial centers of the upper Midwest some time. Ask yourself why "the greatest economy on earth" has so many abandoned factories and boarded-up homes. There are many decaying communities across America right now that are so depressing that the moment you enter them you get the sense that all of the hope has been sucked right out of them.
The U.S. economy is under attack and it is dying. We are being looted and pillaged from coast to coast. This is really happening.
So what do you think about all of this? Please feel free to leave a comment with your opinion below....
sir,this is a eye opening aticles and us should
once again wake up.
What a bunch of crap this article is. First you need to look up the concept of money before you spout such a naive article. Look Nixon took us down this path by abandoning the concept of honest money and embracing fiat. What did you expect the road of lies to be filled with? Diamonds? IMHO if you return to honest money based on some fix to a gold/oil/other commodity/people/basket the problems will go away. It is our greed that did us in.
Like some one said earlier…we must be thankful that we are still able to import oil for worthless paper.
Economic war? Its call business. Its how the whole capitalist thing works, I do a little bit and convince someone to give me a lot for it. Do less get more it’s the fundamental principle. Wake up! Don’t whine because other countries are better at ripping yours off than you are at ripping of theirs. Why is that the case? Because those other countries don’t let the Rich elite run the place for their own benefit at the expense of the average citizen but don’t worry give it some time and your system will spread to other countries just like a cancer.
America was the good guy? When was that? I am only forty so i probably am too young to remember. Yes many around the world are extremely anti-American, myself included, although its not for religious reasons or because of envy its because the American population has believed every lie told to them by the government, the media and the banks, Americans have also given up on education and replaced it with work training.
Education is supposed to teach you TO think not WHAT TO think. When those in power teach the average person WHAT TO think, what they are doing is building a better serf.
Your losing your rights, banks are allowed to commit fraud with complete cooperation from all branches of the government including the judicial, a massive proportion of your population have been arrested for felonies (like a small amount of pot, joyriding etc soon to be added not recycling and refusing a TSA grope and cavity search) and can no longer vote. Voting is not a privilege, its not a right, its a freaking DUTY and OBLIGATION imposed by the society upon the individual to be part of the process of running the society.
America is country where the children are told it is greatest place to live and the system is the best in the world and your leader is a man of the people. These are the same concepts that have been told to people by every fascist state on earth, Europeans rarely believe such propaganda and as for Australians, if our government tells us its raining we automatically look out the window (I am generalising of course) .
Do you know what the most common attitude towards the American people is? Its Pity! The world pities the poor American, too ill educated to know how fix things, too lazy to try anything and too wrapped up in the lie that yours is the land of opportunity, which it is if your parents were multi-millionaires.
Your system is not fair, very soon every second person will have been convicted of some crime and then only the rich will have the right to vote and all those BS elections can be gotten rid of and the Ultra Rich Elite can openly control rule the downtrodden poor serfs.
But the American disease of greed, apathy and ignorance is spreading everywhere now. Maybe its time to find a cave and live a subsistence lifestyle.
In order to keep growing our economy at the same rate (let’s say 3%), the money that our government has to create to sustain that growth follows an exponential curve. Why? Because we pay interest on government ‘debt’ AKA money the government created. Money = debt.
The government creates money by creating treasuries (out of thin air) and selling them. It then pays interest on the amount paid.
Here’s my question: Why does the government need to sell the treasuries in the first place in order to spend money?
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Ozzie Downunder, you must be on a planet far, far away. Although I have many problems with our system, to act as if Americans are stupid fools is really a fairy tale created by jealous outsiders.
Working with people from all over the world several weeks out of the year, including clients from downunder, I find my American counter parts by my measure to be much more innovative, and success driven. I am really quite sick of you delusional idiots from over seas accessing something you apparently know nothing about.
I am assuming you are from that ex prison island. Bad bloodlines uh mate. Were not you traders there downunder using our innovative military equipment a few months ago with the deceitful thieving Chinese. I think you were, if we are so stupid why rely on our weaponry to protect yourselves? We are on to you, why don’t you keep your mouth downunder.
The economic war is real, but the US corporate greed, the dominance of banking system over the US economy, foreign lobbyists in America, the US left policies and addiction to easy money in America also play a role in the decline of US economy.
Corporate greed is very natural, capitalism is about making money and you won’t get rich unless you are greedy. Everyone would’ve been living in the caves still if it wasn’t for greed and desire for comfort. I can live in Amazon, eat fuck and shit for the last of my life without any need to get a job if I’m not greedy and not seeking comfort, greed creates wealth, jobs, makes you go to school, start a business,… greed is the reason we are so advanced. American economy is declining because Americans aren’t as greedy as they used to be as one of the reasons.
Also the US economy is declining because there is a lack of patriotism in the US business culture. I know many Chinese and people from other ountries, they rather pay a little more but help a local business. They’re hustlers, they’d travel to Africa, Afghanistan, America’s etc to find cheaper commodities, find retail markets,… an American wouldn’t accept a job that’s further than 10 miles from his home town.
The banking system, is a mess. They’re now backed by the US tax payer after a $14 trillion bail out (more money than the entire US infrustructure invespment since its establishment, enough to build another America from scratch), yet wouldn’t lend to American businesses or help local investment. The money they’ve received from the tax payer is now invested in China, India and other countries that are trying to wrack the US economy.
Government policies (specially the socialist left policies) was the main reason behind the real estate boom that resulted in the deepest recession and capital drain. Alinsky socialist activists pressured the banks and USG for decades to change the course of capitalism in America. They believed that the baks can create social equality by simply lending to the poor and uneducated people who lived in the urban areas (mainly blacks and hispanics and blamed racism for not lending to them. note: I’m not white, I am an Iranian and not racist.) A $4 trillion subprime and bad morgage was created under the CRA guidlines (community reinvestment act that was passed by the socialist Jimmy Carter). Clinton and Obama are both the students of socialist activist Alinsly who made it to the WH. instead if those activists targeted the source of money and required banks to invest/lend to small businesses and start ups as easy as the low interest NINJA and liar loans were made (instead of lending to buy homes lend to start business, if 5% of the businesses successful, tthats economy and it’s impact of job creation and business spending is immediate). Unfortunately it’s too late now, the USG is in debt and the banks have invested all the US wealth over seas.
Foreign lobbyists also play and important role, they tell the American policy makers what to do in ways it benefits them the most and specially now under the “man of peace” president Obama, America is being played by the G20 like a paper tiger. No more democrats in white house, we need patriots there.
There is another side to America’s decline: America is isolated because of all the hostile governments while the Chinese, Europeans and Russians enjoy the trade and other intersts with them. Too many dictatorships in the world and America is sacrificing itself by standing alone, all others appease the evil, only America gets tough to them taking all the $ and political risks. If it wasn’t because of America the brutal Saddam Hussein and Taliban would’ve been mass murdering their people still. Now the Kurds and Shia in Iraq and Afghan women enjoy far more freedom than during Saddam and very happy about America’s help. Forget about what the media’s BS, most Iraqis and afghans are very happy about the invasions.
The next target must be Iran, but Iran doesn’t require invasion, the Iranian people (and the non-IRGC Iran military AKA Artesh) are ready to overthrow and they need America’s help. Once IR is removed both Iraq and Afghanistan will settle and Iran will once again become and ally taking care of the regional security like during the Shah, once those countries’ economies start to grow, they’ll balance some of America’s trade deficit, also the $500 bil military spending in the region will be cut by more than half. A new fresh market for US goods, tallent exchange….
In my opinion none of what was said is untrue. However, throughout history industry has almost always migrated to cheap labor. It just makes sense if you own a business to do this.
Can we reverse the current situation? Probably not given the tax rates businesses have to pay and then there are the costs of health benefits.
Maybe taking health care costs off the back of employers would be a help. Developing alternate fuels, albeit more expensive for the end user in the short term, would decrease the dollar drain.
There are no quick fixes just a series of small steps that will end up moving us in the right direction.
The illuminists (NWO, CFR, IMF, Banking cartels) have been working toward the collapse of the West and especially the US in order to erect A New World Order and a world currency. Chief proponent of this on the floor of the Senate was George Bush Sr. and has been brought forward by Carter, Reagan, Bush Sr, Clinton, Bush Jr. and now the great Obama.
Much of our military technology has also been leaked to China by a certain middle eastern nation who calls itself “an ally” aided the by Clinton administration.
We are now on the brink of a shooting war with that certain Asian nation. Off the coast of California a missle was launched about a month ago. Military who are not muffled have confirmed that. Another missle shot off just recently off of Padre Island, Texas……….this is in retaliation to the US sporting around their waters recently and our Secretary of State Clinton insinuating the US where we should not be.
We are being kept distracted by a media and a Whitehouse which covers us with lies.
So far, with the failure of the Euro looking more likely, the dollar is still holding the status of world currency and is strengthing. But not for long. Russia and China are now using other currencies to trade oil and goods, by-passing the dollar. This is a trend. With pressure coming from all directions the US will eventually lose the place of “world curency” then we are truly finished off.
Not every rich person is bad, there are few rich families like Rockefeller or rothcheild or few more who want new world Oeder and end game is slave civilization which is under their control and offcourse they will do it by controlling your money and your life and by chipping everyone or by killing through toxic food etc but they are the main enemy.
Motivation.bad person has only one motivation behind and that is man is evil has no concious, and has to be controlled so they are afraid of powerful people as they already have enough problem controlling , this is a false idea but they are fixed on it. man is basically good and one must fight for his freedom by becoming strong financially and spiritually.80% people are good only 20 % create trouble and out of which 2% are real bad like those Fed and rocky.
It isn’t bankers’ bonuses that are the problem, it’s the fact that banks alone in society can create legal tender that’s the real, barely understood, problem.
Like so many people, I also feel sorry about it and hope that yet biggest economic power will not colaps, but in the view of mentioned sad facts it is becoming a real threat. US should patch-up her bleeding holes and stop chasing mirages. Armed forces should be pulled out from other countries (since goat herders are no threat), so that funds may be used in vital projects. God bless America.
Well we forgot that there is NO FREE LUNCH.All of us rich or poor want US govt to dole out something, be it food stamps for the poor or Bailouts for the rich via thie sick corporations.We want to fight wars and reduce taxes.We have produced a system of Govt that allows dishonest spineless politicians promise moon to the voters.That moon is being served by borowing from abroad.Now bills are coming DUE.Next American trick? National Bankrupcy via HyperINflation!!!
Hey.
Would a simple import duty even up the score.
Maybe this would turn the tables?
I`t worked well once for nations that tried industrial espionage through exploiting their citi zens and used them as slaves.
Ahhhhhhhh history repeating itself again.
Or as well as maybe make em pay the right price for local produce and pay their people a proper world parity living.
Reserve banks should be privately and secretively controlled!!!
Ludicrous and dangerous.
Write em off period.
Insolvent.
Remove THEIR teeth,claws and control.
Who do they think they are anyway…
Hey, I bought a lot of iPhones, iPads and I pay expensive fees buying softwares and music. Also I pay for Google adds. The money was spent in Iraq and Afeganistan. Economic war is good because they can collect taxes…but…. most of the money was spent in conventional war.
The truth is American companies have been greedy from the start and corrupt.One way or the other American rich has not wanted any competition and has done want ever they can to avoid up and coming small companies driving other business esle where. They allow these other companies to leave the country to make a profit and then they still r able to sell in America. The government should have put a profit ceiling on the large companies. Then once they reach this economic ceiling give the profit back to the country. But we are so hatefull when it comes to our community that we are failing as a whole. Where I live and where I was living is like living on two different planets. Whites and blacks need to stop this social war that has been going on since slavery too. It is getting the best of our country. Outsiders see the way we treat each other and they see why we are falling apart. We ridicule each other that other country men don’t want to be apart of our family. Most other country men when they come to this country they are taught before hand to stay away from blacks. If hate destroys a man especailly a country.
Its really sad. Americans (if they can think for themselves on a certain level) must be wondering why they have spent so much on building such a big armed presence around the world with the technology it has been armed with, when all the time you did’nt need that massive armed presence to dominate the world. You were already dominating it by having the monopoly on currency. Every country used your currency to buy oil. Thats means every country had to buy your currency. And what did you do with that money? You spent it on an army. In order to dominate the world. Only to realise that a world cannot be dominated by presence, but more easily with finance. You basically bought into the wrong stock, and now your blaming everyone else for it….pissing and whining about economic war. It was your mistake, you allowed your government to do it, you have also allowed your government to turn you into non thinking neanderthals. Its sad what you have become. It’s sad most of all because YOU had choices, YOU had responsibility, but now YOU are choosing to blame others for the way you handled your responsibility. Poor form. Suck up your bad economy, you made it. You live with it. Dont fucking blame the chinese when it was your own strategic decisions that screwed you up.