The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

The Prepper's Blueprint

Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins

Archives

The Mystery Of The Shemitah

Free Trade Or Fair Trade? 20 Reasons Why All Americans Should Be Against The Insane Trade Policies Of The Globalists

It is absolutely amazing how many Americans are still convinced that more "free trade" is the answer to our economic problems.  The truth is that there is a vast difference between "free trade" and "fair trade", and in this article I will prove that all true conservatives and all true liberals should be completely against the insane trade policies of the federal government.  Yes, we will always need to trade with other nations.  Other nations make or have things that we need to trade for.  Balanced trade relationships with other nations that have similar economies and that share similar values can be very beneficial.  For example, our trading relationship with Canada, though not perfect, is generally beneficial to both sides.  However, the United States also has dozens of trading relationships that are highly destructive to the U.S. economy.  There are some predatory nations that are blatantly and openly cheating and everyone can see it.  They are getting away with bloody murder and they are robbing us blind.  The United States of America is being taken advantage of, and as a result thousands of good businesses are being destroyed and millions of good jobs are being lost.  If you are an American and you are in favor of all of the unfair trade that is currently going on, then either you don't know much about economics or you actually want to see the U.S. economy be destroyed.

Congress has just passed new free trade agreements with South Korea, Colombia and Panama.  The Obama administration has also made "the NAFTA of the Pacific" a very high priority.

Obama says that all of these new trade pacts will create more U.S. jobs.

Well, either Barack Obama is completely ignorant when it comes to economics or else he is lying.

When we merge our economy with the economies of nations where wages are much lower, it is inevitable that large numbers of jobs are going to leave the high wage areas (where we live) and go to areas where wages are much lower.

It also certainly does not help that we have the highest corporate tax rate in the world, that we burden our businesses with mountains of ridiculous regulations,  and that we allow our "trade partners" to give their businesses a huge advantage by openly subsidizing them.

The way that the system is set up now, nearly all U.S. businesses are at a massive, massive disadvantage.  In general, the only businesses that can compete effectively in this environment are the giant corporations that can offshore huge portions of their operations.

If you are a conservative, then there is no way that you should support our current trade policies.  If you are a liberal, then there is no way that you should support our current trade policies.

However, if you are a "George W. Bush Republican" or a "Clinton/Obama Democrat" that believes in globalism and the establishment of a one world economy as part of a "New World Order", then it would make sense why you would want to see America deindustrialized and brought down to the level of the rest of the world.

But if you are a true conservative or a true liberal, then the following are reasons why you should be horrified by our current trade policies....

#1 Other Nations Openly Manipulate Their Currencies In Order To Gain A Significant Competitive Advantage

For example, China keeps its currency set at a super low level relative to the U.S. dollar.  By doing this, their products are far cheaper than U.S. products, and U.S. businesses cannot compete with them.  This has resulted in the death of large numbers of U.S. businesses and the loss of millions of U.S. jobs.

So just how bad is this problem?  Well, a recent CNN article stated the following....

Critics of China's policy estimate that the yuan is still undervalued by 25% to 40%, even with the recent rises in value.

The other day the U.S. Senate passed a bill that would impose tariffs on currency manipulators, and China has already retaliated, even though the bill has not become law yet and even though it almost certainly won't.

China plays hardball.  They love the advantage that they are getting right now and they do not plan on losing it.

#2 Millions Of Good Paying Jobs Have Been Shipped Overseas And They Are Never Coming Back

Our politicians all try to tell us how good they are at creating jobs.

But what is the truth?

The truth is that a total of zero jobs were created last decade.  The following is a quote from a recent article in Washington Monthly....

"If any single number captures the state of the American economy over the last decade, it is zero. That was the net gain in jobs between 1999 and 2009—nada, nil, zip. By painful contrast, from the 1940s through the 1990s, recessions came and went, but no decade ended without at least a 20 percent increase in the number of jobs."

Last decade we opened up our trade with the rest of the world more than ever before.  But instead of creating jobs it destroyed them.  Our trade deficits exploded and unemployment skyrocketed.

The Economic Policy Institute says that since 2001 America has lost approximately 2.8 million jobs due to our trade deficit with China alone.

So if you are unemployed, that is probably what happened to the job you are supposed to have.

It went overseas and it is not coming back.

#3 America Is Being Deindustrialized At A Blistering Pace Thanks To Globalism

The advocates of "free trade" cannot dispute the cold, hard facts....

*The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

*The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

*If you can believe it, more than 42,000 manufacturing facilities in the United States have been closed down since 2001.

*Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

*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.

#4 (For Conservatives) True Conservatives Should Be Horrified That We Are Being Taken Advantage Of By A Hardcore Communist Nation That Hates Us

Ronald Reagan would have never engaged in "free trade" with the Soviet Union.  The Communist Party is in complete control of China and while we may regard China as a "frenemy", they really do believe that they will totally defeat us someday.  If you doubt this, just read what the top generals and politicians in China are writing.

It is so incredibly stupid what we are doing.  Our trade relationship with China has enabled the largest communist economy in the world to go from third world status to superpower status.  China is now the second largest economy in the world, and that would have never happened without our help.

A lot of people like to talk about how "capitalist" China is becoming, but the truth is that they have never wavered from their pure belief in communism.  7 of the 10 largest corporations in China are owned by the government.

A host of other corporations in China are very deeply subsidized by the government.

U.S. businesses have a very hard time competing with foreign businesses that are deeply subsidized by their own national governments.

It is called cheating, and we let other countries get away with it.

So our businesses die and their products fill up our store shelves.

#5 We Are Endangering Our National Security By Greatly Enriching Our Biggest Potential Enemies

The biggest threats to the United States are not some goat herders hiding out in the caves of Afghanistan.

The biggest threats to the United States are actually China and Russia.

Conservatives are supposed to be the ones that are so concerned about national security.  But instead of expressing concerns about China, they just keep pushing for more free trade.

As a result, China has been able to become a true global military superpower.

Someday we will deeply, deeply regret that.

#6 China Brazenly Steals Technology From Anyone And Everyone That They Can

China gets away with bloody murder when it comes to stealing technology.  They will do it "legally" if they can, and they will do it in "other ways" if they have to.

At this point, China has invented a whole host of ways to extract technology from any firms that wants to do business in China.

The following is a short excerpt from a recent article on CNN....

Foreign companies are often required to set-up joint ventures with Chinese firms before the can start doing business there. And China is instituting new "indigenous innovation" rules that U.S. companies say force them to transfer their own technology to their Chinese partners.

#7 We Should Never Trade With Any Nation That Has A "One Child" Policy

China has a very strict "one child policy" which should be absolutely abhorrent to all Americans.

Most Americans have no idea what is really going on over in China.  The following is from a recent article in the Epoch Times....

Pregnant women lacking birth permits are hunted down like criminals by population planning police in China and forcibly aborted.

All over China, mobile abortion vans are used to help enforce the one child policy.  What women in China must endure is absolutely sickening, and this kind of behavior should never be accepted in the global community.

But instead of penalizing China, we reward them for this behavior.  They even get awards at the United Nations for it.

Look, conservatives are supposed to be pro-life.  If you are a social conservative, then it goes against everything that you believe to support trade with China.

You can support trade with China if you want, but then don't even try to call yourself "pro-life" again.

We should never trade with any nation that has a "one child policy".  Such a policy is against everything that America is supposed to stand for.

#8 Our Horrendous Trade Imbalance Has Allowed Other Nations To Accumulate Gigantic Amounts Of Our Debt

Every month, we send much more money to the rest of the world than they send to us.  One thing that those other nations are doing with all of that money is that they are buying up our debt.

Our trade deficit with China has enabled them to accumulate nearly a trillion dollars of our debt.  This gives them tremendous leverage over us and is a very serious threat to our economy and to our national security.

So now China can threaten the stability of our financial system with just a phone call.

#9 Globalist Trade Institutions Are A Serious Threat To Our National Sovereignty

Today, the "global economy" is governed by globalist institutions such as the G20, the WTO, the IMF and the World Bank.  The United States has given up huge amounts of national sovereignty to these organizations.

If you are a true conservative, this should greatly disturb you.

We don't want faceless international bureaucrats telling us what our trade policies will be.  But to a large degree that is the situation that we have gotten ourselves into.

#10 Liberals (And All Americans) Are Supposed To Care About What Is Best For American Workers

Millions of working class jobs have been shipped overseas, and yet Barack Obama just keeps pushing for more "free trade" agreements which will make the problem even worse.

But instead of screaming bloody murder, liberals keep on supporting Obama.

It's disgusting.

The truth is that the Obama administration actually says that there are certain kinds of jobs that we "don't want" in the United States.

For example, the following is what U.S. Trade Representative Ron Kirk recently told Tim Robertson of the Huffington Post about the Obama administration's attitude toward keeping manufacturing jobs in America....

Let's increase our competitiveness... the reality is about half of our imports, our trade deficit is because of how much oil [we import], so you take that out of the equation, you look at what percentage of it are things that frankly, we don't want to make in America, you know, cheaper products, low-skill jobs that frankly college kids that are graduating from, you know, UC Cal and Hastings [don't want], but what we do want is to capture those next generation jobs and build on our investments in our young people, our education infrastructure.

So where is the outrage?

Is anyone even awake out there?

Even the construction of many of our roads and bridges is being outsourced to China.  Just check out the following quote from a recent ABC News article....

In New York there is a $400 million renovation project on the Alexander Hamilton Bridge.

In California, there is a $7.2 billion project to rebuild the Bay Bridge connecting San Francisco and Oakland.

In Alaska, there is a proposal for a $190 million bridge project.

These projects sound like steps in the right direction, but much of the work is going to Chinese government-owned firms.

"When we subsidize jobs in China, we're not creating any wealth in the United States," said Scott Paul, executive director for the Alliance for American Manufacturing.

Liberals are supposed to be working to defend the working class.

So why won't they openly go after Obama on these issues?

Our unfair trade agreements have put American workers in direct competition for jobs with the cheapest labor on the globe.

Until this is fixed, you will continue to hear a "great sucking sound" as millions of jobs continue to leave the United States and go to places where labor is ten to twenty times cheaper.

It is insanity what we are doing.  We allow big corporations to send their manufacturing offshore and also to ship their products back into the United States for free.

Where in that equation is good news for the American worker?

#11 Liberals (And All Americans) Should Be Horrified By The Exploitation Of Slave Labor Around The Globe

All over the globe, workers toil in nightmarish conditions for slave labor pay just so that Americans can feed their addiction for cheap foreign products.

Big corporations and collectivist governments such as China are getting unbelievably rich by exploiting this slave labor pool.

Get educated about this and find out the truth.  It just might totally change the way that you view "free trade".

#12 Liberals (And All Americans) Should Be Horrified By The Damage To The Environment Our Trade Relationships Cause

Liberals are supposed to deeply care about the environment.  But our trade relationship with nations on the other side of the globe result in thousands of factories and businesses leaving our shores and ending up in countries where the environmental regulations are not nearly as strict.  In fact, nations such as China are a complete and total environmental nightmare at this point.  If liberals truly cared about the environment they would want to keep factories and businesses here.

#13 Very Dangerous Products Continue To Flood Into This Country From Overseas

Isn't product safety supposed to be a big thing for liberals?  Today, a huge percentage of the products we buy are made outside the United States far from the watchful eyes of our regulatory agencies.  Over the past couple of years, there has been headline after headline about dangerous products made in China.  The following is just one example of this: 10 Babies Die Mysteriously At Fort Bragg: Toxic Drywall From China Used In Base Homes The Culprit?

#14 The Globalization Of The Economy Causes Income Inequality To Grow

By paying slave labor wages to workers overseas, the big corporations are becoming very wealthy.  At the same time, that means that there are much fewer jobs for average working class Americans, and wages for the jobs that remain are pushed down because of increased competition for jobs.

So the rich get richer and the poor get poorer.

If you don't believe that income inequality in the United States has become a huge problem, just check out this chart.

#15 Because Of All Of The Cheating And All Of The Predatory Behavior That Is Going On, Our Trade Relationships Have Become Incredibly Imbalanced

Today, the United States spends about 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

So how is that even close to "fair"?

Our store shelves are absolutely packed with stuff from China.

In 2010, the number one U.S. export to China was "scrap and trash".

Even in high technology products we are being destroyed.  In 2002, the United States had a trade deficit in "advanced technology products" of $16 billion with the rest of the world.  In 2010, that number skyrocketed to $82 billion.

#16 Our Gigantic Trade Deficit Is Destroying Our National Wealth

The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world.

Our gigantic trade deficits are making us poorer as a nation each and every month.  Each year, somewhere around half a trillion dollars of our national wealth gets transferred out of the United States.  That half a trillion dollars could be going to support U.S. businesses and U.S. jobs.  Taxes could be paid on that half a trillion dollars.  But instead it leaves the country and makes other nations wealthier.

#17 The Globalization Of The Economy Has Caused Unemployment In The United States To Explode

If you gathered together all of the workers that are "officially" unemployed in the United States today, they would constitute the 68th largest country in the world.

#18 As Our Cities Are Deindustrialized, Many Of Them Are Being Transformed Into Absolute Hellholes

The other day, I wrote the following about what is happening in cities and towns across the United States....

All across America there are cities and towns that were once prosperous and beautiful that are being transformed into absolute hellholes.  The scars left by the long-term economic decline of the United States are getting deeper and more gruesome.

#19 Without Good Jobs, An Increasing Number Of Americans Are Having To Turn To Government Assistance

We are going to support U.S. workers one way or another.  Either we are going to provide them with good jobs, or we are going to let their jobs be shipped out of the country and we are going to pay for the government to feed and house them.

Today, there are more than 45 million Americans on food stamps.  That number has gone up by more than 70 percent since 2007.  Almost every single month we set a new all-time record for the number of people being fed by the federal government.

#20 If Nothing Is Done, All Of This Is Going To Get A Lot Worse

According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades.

Can you imagine what America is going to look like if that happens?

**********

Okay, so in light of all of that information, can anyone out there defend the current "free trade" policies of the federal government?

Please feel free to share your thoughts by leaving a comment below....

Be Sociable, Share!
  • Peter

    STANKOV UNIVERSAL LAW is the answer to all of these problems, go and read.

    • http://schmidtreport.blogspot.com pb7777

      When you do the gematria for that, does it come up top “666.” Peter you got a lot to learn, my friend!!!

  • Nope

    Free trade isn’t the problem and it can’t be avoided as of now. The problem is America losing competitiveness due to government regulations.

    • Nexus789

      Has little to do with government regulations you fool. It has everything to do with a Wall Street model that seeks the lowest input cost (labour or capital) secured ANYWHERE in the world rather than creating value through innovation and investment within the US. The pool of US labour of 120m has been added to a global labour pool that includes 1.5billion Chinese and Indians – you (Americans) are subject to in-sourcing, off-shoring, etc, and living standards in the US will collapse.

      I don’t live in the US and happily I don’t have to deal with brainless fools like you – other countries have been successful due to their private and public partnerships – the Germans produce high quality products and consequently workers earn high rates per hour.

      Why you would give away you nation, its innovation, its wealth, etc, to a bunch of Indians and Chinese is beyond me – I guess I know as that it only benefits only 1% of the US population.

    • Cathy

      This article is pretty right on:

      Regulations are there to PROTECT us from the harm & DESTRUCTION that many corporations are RESPONSIBLE for.
      I don’t know how old you are, but I remember Love Canal, rivers & lakes so polluted they ignited.I remember days so smoggy your lungs would burn after being outside for 20 minutes just taking a walk!
      Look up Superfund Sites- which have been defunded over the years & corporations & even our military weren’t held accountable- see what they did. Go ahead & live in any one of the places.
      Do you like raw sewerage in your tap water? If you live in Wisconsin & the Governor signed it into law, that’s what you have. It’s also true in other states.
      If corporations were responsible they wouldn’t poison/destroy our water, food, air,land & of course people.
      We import poison plastic crap- which can cause cancer, our food is toxic & GM foods ARE KNOWN to cause cancer, animals used for food injected with antibiotics & hormones with devastating effects.

      It’s SLAVE labor they take advantage of. In the US illegals & legal foreign workers push wages down. In fact 3000 legal foreign workers EVERY day & take jobs from US workers. Yes, I said EVERY DAY! see: numbersusa.com

      Before regulations that protected us & environment were gutted/ deregulated etc the economy was decent. Especially compared to now. Even in the ’70′s ’80′s ’90′s you could find jobs in no time. It wasn’t unusual to get multiple replies after 1 -2 days job hunting.

      Remember this: Everyone is entitled to their own opinion, but not their own FACTS. Daniel Patrick Moynihan

      • Cathy

        P.S. Not all regulations & laws are intelligent or necessary. MANY ARE though.

    • Gay Veteran

      We’re losing MILLIONS of American jobs to countries like China and India for 2 very simple reasons:

      (1) near slave labor wages in those countries AND (2) lack of environmental laws in those countries

      so yeah, we could “compete” if we become an environmental hell hole like China

  • John B.

    Great article!

    The current trade war (that we’ve been in since the early 1970′s), is creating most of the problems that we have to deal with now.

    • Michael

      Thank you.

      It took me a long time to write it. It is over 3000 words, but hopefully it is still readable. :)

      Michael

  • BenjiK

    Thank you for the concise and informative article. Your bi-partisanship shows that all Americans have a stake in reclaiming our future, despite political affiliation. What are we to do as our our voices and liberties are swallowed up by the “global society” more and more everyday? We are continually being exploited as a nation and I really can’t see a solution, save for shutting down the borders and becoming isolationists, but we all know that’s not realistic. Again, thank you Michael for the informative articles, keep up the good work and God Bless.

    • Michael

      Thank you for the kind words BenjiK.

      I am afraid that I will upset both Republicans and Democrats with this article. Hopefully though there will be people from both sides that will wake up a little bit after reading this.

      Michael

  • 007

    The one thing the republicans and democrats could agree to pass are these sorry trade deals. How sad. Write your Senators and Congressmen.

    • Paul

      Its speaks volumes that they can agree on this sort of thing which is of more consequence than the kind of manufactured issues they distract everyone with. Both are two sides of the same filthy, corrupted coin.

  • mondobeyondo

    Spot on.

    Long, long ago, there was a phrase, “Better dead than red”. Somehow, Americans lost that spark and fire. We’ve changed. It’s like, “hey, you know, communism isn’t that bad, right?” Maybe it was the Olympics a couple years ago in Beijing that changed peoples’ minds. I dunno. But it shouldn’t have.

    Ah yes. A country that used military troops to carry the Olympic flag during the opening ceremony. And they were in perfect lock step too! That’s so cool! (No, it isn’t.) Other countries that have hosted the Olympics used their former athletes and sports heroes to carry the Olympic flag.

    China has not changed, politically. They may lighten up a little bit – there seems to be a little freedom in Hong Kong, but that’s because they were a former British colony. China is still a state-run communist nation which treats a great many of their citizens unfairly. There is no freedom of speech or freedom of press (they even restrict the Internet!)

    But hey, they make cheap plastic crap that we love!

    • Michael

      I always give a “thumbs up” to whoever uses the phrase “spot on”. :)

      Michael

  • http://www.povertylinejournal.blogspot.com/ the optimist

    One of your best articles yet. Thanks for the excellent job you do.

    • Michael

      Thank you – I know this one is long (over 3000 words), but this issue was really on my heart to write about today.

      Michael

  • http://theelevationgroup.net/presentation/register.php?a_aid=a6affed9&a_bid=290b868b John Jackson

    Don’t just survive this economic crisis, thrive during it!!! To learn more about how YOU can become a part of our movement to restore personal wealth and freedom please visit:

    http://theelevationgroup.net/presentation/register.php?a_aid=a6affed9&a_bid=290b868b

  • Monnie

    This deindustrialization is a twofer—it further enriches the already uberwealthy, while destroying the U.S. middle class (which is a planned step toward the NWO).

  • mark

    We can stop this today, right now with out any new laws being passed. We need to only buy americanmade products. If it is not made here go without it. Refuse stuff made in china. It will cost more for products made here in general, but that is the way it goes. Do you really think americans have the right stuff to save our jobs here? The shame of it is we will continue to make our dollars go farther with cheap stuff. Be forwarned that in the long run this action will destroy our country.

    • Cleo

      Mark…I agree with buying American. We did, especially when we built our retirement home. But probably 90% of what we bought from American companies (light fixtures, exhaust fans, faucets and hardware…most of it was made everywhere but here..China,Mexico, etc.. Try and buy an American shirt or baseball cap….very difficult to do.

    • WM

      Great advice. I agree with you but also agree with “Monnie” that it is difficult to get something truly “made IN America”. The problem is, exactly as this website has described, is that comapnies don’t do business here anymore. They can pay much less to get products/components made over seas. Take a look at most “American” companies, companies that were started here and created great products. The name is still in place, but their products are no made here. There are too many companies to list, it would be easier to pick the comapnies that have things that are still made here. I am an avid bicyclist, have been for 25 years. I remember around 1987 when I got into mountain biking, you could buy an American made Cannondale Bicycle. I have read that they are now made overseas. I also remember the bicycle gear, jerseys, pants,gloves,commuter bags, etc. that were made in the USA. 25 years later and after a LOT of abuse, I still have all my MTB clothing and even have my cold weather gloves from 1987. I still have a 1986 Cannondale. I currently have a helmet light made in America, winter tights, made in Vermont, both amazing quality. Expensive? Yes, but great quality and made here in the states. Regarding bicycles: There are a bunch of American frame makers that produce high quality frames and components, but expect to pay a big chunk of change for these. Again,it is tough to find things really made here, as many of the American brand comapnies have their products made overseas. There is still products made here, but most is made in China, but sold under the name brand.

      Sorry to ramble about bicycling, I know not everone rides bikes, but this is one industry I am familiar with and have seen a huge change from the “good old days” when you could buy good American made items that would last.

  • Monnie

    Mark, The problem is that a lot of what we need isn’t made in the USA now, and it’s hard to locate what is. Even many “USA” products have foreign-made components.

    • mark

      Monnie, If the corporations are not able to sell the stuff made over seas after a couple of years they will start making the products here if there is a market for them. I’m sure that we have enough used stuff to get by for a while. This country is awash with used items. Do we really need a new I-phone made in china every time Apple comes out with a new model? We are still a very large market. The corporations would come back if we reduced government rules and lowerd taxes and as consumers did not buy most of the imported items.

    • http://lastdayrapture.blogspot.com/ TK

      So True, I asked family members to buy “made in USA” gifts for my little girls Bday. The only gift they could find was little wood blocks!

  • DM

    There is one group that benefits from these trade deals—companies and their shareholders. The result is greater profits and higher stock prices.

    Sadly, this shows how corrupt our leaders are when they can negotiate trade deals which “sell out” our country.

    Such leaders are traitors to our nation. They have betrayed our nation for money. Unlike Benedict Arnold, our leaders are very smart. They pass laws to make their treachery legal.

    These leaders are not Americans. They are traitors who have sold out this country for a buck. They pretend to care about this country while they make deals which clearly are destroying this nation.

    Benedict Arnold had more integrity than these leaders. He openly defected to the British. Our corrupt leadership pretends to represent America’s interest while lining their pockets with ill-gotten gains.

    • Michael Pedersen

      You are exactly correct, DM! It is treason, pure and simple. Trillions of dollars sit off shore as American corporations await another “repatriation” tax giveaway (like the previous boondoggle in the eighties). Their assets should be seized by executive order until they can get their tax returns in order and pay their fair share.

  • Michael Pedersen

    Exactly why liberals and conservatives should be part of occupy wall street, Tacoma, or Two-dot.
    Exactly why liberals and conservatives should be pro-campaign finance reform.
    Exactly why liberals and conservatives should be anti-lobbyist, and get the corporate money out of politics.
    Exactly why liberals and conservatives should be pro-main street, not pro-wall street.
    Exactly why liberals and conservatives should be pro-union, not lackeys of the 400 richest Americans, hate radio, Karl Rove and the Koch Brothers.
    Exactly why liberals and conservatives should be for the sane tax rates of those socialists-Eisenhower, Johnson, Kennedy, Carter, Clinton, Reagan, and Nixon (any of which would make the deficit disappear, immediately) and not for the inane Bush tax cuts for billionaires.
    Exactly why liberals and conservatives should be working together to take back America from the Greedy 1%, before we are all serfs arguing in a bread-line.

    • knightowl77

      I’m for CFR…Only people registered to vote should be allowed to donate to candidates or parties. That means no union contributions, no corporate contributions. Maximum contributions of $5000.00 per candidate per year, with a maximum of $25,000 total political contributions in any one year. No $38,000 a plate dinners with $10,000 getting you a photo op with the candidate.

      Eliminate professional lobbyists. Only CEO’s or CFO’s may contact congress on behalf of a corporation, only the president and vice president of a union may contact congress on behalf of a Union. They are not allowed to give gifts or donations or provide anything of value to the politician while lobbying them.

      These are simple first steps only, but steps in the right direction.

      Stop earmarks that benefit any corporation or group over another one. Taxpayer monies should not benefit one group at the expense of another. The idiots in DC should not be making bailouts or taxpayer guaranteed loans to anyone.

  • Lennie Pike

    Nope: WRONG!!!

    90% of the reason: Slave Labor.

    10%: regulations.

    Just do the math.

  • http://economic a.p.

    Michael,

    Wow, what a hammer hitting the nail on the head.

    Mark, right on my American brother. People look at me as if I’m nuts when I told them I started my own personal “buying only made in the
    USA” spending program. If everyone reading this website just spent $32 a month extra to buy only made in the USA products, we would create 2 million jobs! Sure it costs more
    (don’t be selfish–think about your fellow countrymen), and you can’t do any impulse buys,
    but it can be done with pre-planned spending using the internet to look up any good or service you want MADE IN AMERICA. Buy local–the job you save may be your own.

  • Lennie Pike

    We don’t have free trade or fair trade. Foreign countries will not allow the importation of American products (are there any still?) anywhere even close to the levels of their products allowed into the U.S..

    The controllers of U.S. trade agreements and absolutely every thing else in The United States are getting theirs though – they are the slave owners.

    America needs trade only for things that do not exist in America, and those are very few. How can that not be an obvious truth?

    Ending trade of all kind is exactly what the U.S. needs right now to avoid total destruction which is part of the plan of the slave owners.

  • http://georgesblogforum.wordpress.com/ George Forfa

    Some of us understood from the beginning, that “free trade” was a euphemism for “open borders”.
    We understood it as a commercial invasion, laying waste to United States production. Since then, free trade has become an invasion by immigration. The objective of commerce is always conquest.

    http://georgesblogforum.wordpress.com/2011/10/05/war-under-heaven-the-world-at-commerce-update-10052011/

  • Imaplaneiac

    Mark, when is the previous time you shopped in America!? Whenever I shop in stores such as Wal-mart, Target, K-Mart, Lowe’s or Home Depot or Best Buy RARELY do I find any product that’s ” Made in USA ” !!!!!!!!!!!!!!!!!!!!!!!!!!! The VAST MAJORITY of it that I see is ” Made in China “. Even a ” Hitachi ” computer hard drive, which recently ” died ” on me after ONLY 20 months useage, bore ” Made in China ” on its label! This is a main reason that the REAL unemployment in America is close to 20% – not the 9.2% reported on TV ” News ” programs!

  • http://www.thecactusland.com Robert Bonomo

    Great article.. sad to see that we have gone from a country that built things to a bunch of paper pushers. We need to remove the this entire regime, and it must start with each one of us awakening, and helping our brothers awake, the rest will follow. This article spells it out

    http://www.thecactusland.com/2011/10/revolution-or-disengagement.html

  • The Unicorn

    GE goes to China
    China steel/waste, Japan, Fukushima
    China gets contract to build bridges in US

    US gets a bridge for 1/2 the cost.

    there must be a connection here someplace.

  • china syndrome

    if americans could only live on a couple hundred dollars a month like the chinese, live 50 people to a room with no running water or heat,work 12 hours a day six days a week with no benefits like the communists we could proudly say made in america again. america in the end will win the race to the bottom (eventually)

  • http://economiccollapse Already Gone

    Prepare For The Worse,Because It Is To Late For change, This Country Had its Run Of Prosperity
    And Greatness But Like Anything Else All Good Things Must Come To And End,People Of Today Are Living For Today And Will Worry About Tomoorow When It Comes And Whatever Comes With It.People
    Have To Want To Change And From What I Can See,
    Good Luck. When The Smoke And Dust Clears The People That Will Be Standing At The Front Of The Pack Will Be The Ones Who Will Be Willing To
    Get There Hands Dirty,Not Afraid Of Sweating,
    Ones Who Are Proud To Be Americans, These Are The People Who Will Follow There Parent’s And Grandparent’s Path When It Comes To Rebuilding
    This Country.So The Sooner This Ends The Better.
    Because Talking About Different Problems Is A Great Way For Ideas To Come Forth, But What Does
    It Do If They Are Not Implemented? If People Are Not Willing To Step Up To The Plate And Make Them Work There Will Be No Change. Action Speaks Louder Than Words. People Need To Understand That The Powers To Be That Are Controlling This World Need To Go But As Long As People Allow Them To Be in Power They Will Continue To Rule In There And There Friends Favor.So,Again For Things To Get Better Society As A Whole Will Have To Collapse, Kind Of Like The Wild West Era Where Good Eventually Outweighed The Bad. So By Accepting The Fact It Is Over And Preparing For What Is Coming Mentally And Knowing That You Have Done Your Best To Lay In What Supplies You Could To Ride Out The Storm Will Enable You To The Edge You Need.Good Luck And God Bless Everyone Who Cares.

  • Richard

    I have to laugh when I read this stuff. All you are doing is being a crybaby because America, AT LAST, is being taken down a notch or three – to adjust its ridiculously overindulged lifestyle to THOSE OF THE REST OF THE UNDEVELOPED WORLD. Contrary to the implications in your article, America is NOT “special” and does NOT have an implicit right to a better life than the Chinese or anyone else. This is what is going to happen: America is going to prod and shove and needle until it positions China to commit some act that America will promptly use to attack it as the opening salvo in WW3. America will NOT win. EVERYONE will lose and millions upon millions of people will die in both countries. Thanks for nothing.

  • http://goldenladyfun.blogspot.com Pat

    Hello, I was involved from an financial implementation point of view with Free Trade. I am ashamed of my involvement because at the time I had no way of knowing what these people were planning. I can tell you that the planning is deep and many years in the works. There is no way to stop them other than for the average people to stand up against it. But I don’t think the people will. They are too hungry for money. Which of you could walk away from a decent pay check at times like these. By the way, I did walk away. But that’s me.

  • Georgiaboy61

    DM, re: “There is one group that benefits from these trade deals—companies and their shareholders” Don’t forget government itself and the banks comprising the Federal Reserve. The U.S. is now actually a neo-fascist nation, not in the model of Hitler, but more in line with Mussolini’s definition – i.e., the merger of the corporation and the state. we have corrupt Chicago-style cronyism mixed in as well. The Kabuki theater of Dems versus Republicans is a diversion; the real divide in this country is between the globalist elites and everyone else. Someone one like Jamie Dimon, CEO of JP Morgan-Chase, has more in common with his opposite number in Beijing or Paris than the average guy or gal on the street. The applies to politicians like Obama, Bush, et al. and to the uber-wealthy like Buffett, Soros, Gates, and their peers.

  • Highspeed

    If the wall street protestors really want to make a difference they should protest by the thousands in front of all the big box stores who sell all of the junk from china, India…..

    Pack the parking lots at Lowes, Home depot,Sears, Walmart…..

    Go spend a few months yelling at the execs at Ford, GM, and Chrystler. That is where the battles need to be fought, not on Wall street.

  • Toomanyfakeconservatives

    #4 (For Conservatives) True Conservatives Should Be Horrified That We Are Being Taken Advantage Of By A Hardcore Communist Nation That Hates Us

    Exactly my point, only fake conservatives support suicidal business relationships with communist dictatorships. Only fake conservatives act as cheerleaders for the Obama-Bush war machine. Only fake conservatives have any tolerance for the Fed or Leviathan government.

    I fear America is overrun with Red Chinese spies and agent provocateurs. I fear foreign influences positioning their chess pieces on the global war planning boards.

  • Toomanyfakeconservatives

    Just read the rest of the post. I agree, this is one of the most concise and damning posts yet. #10, #11, and #12 represent MASSIVE LIES that liberals cannot possibly survive under direct examination.

    • Michael

      Thank you for the compliment, and I always enjoy seeing your comments.

      Michael

  • Dan

    Best written article I’ve ever read on the subject! I read you every day. Thank you for being one of my guiding lights. I remember in the seventies I sold drapery materials made in our textile mills in the Carolinas. We had tariffs back then to keep our industries alive. We need to bring the tariffs back and get rid of our socialist leadership.

    • Michael

      Dan:

      Wow – thank you for the very nice compliment. Things have been crazy for me the past few months, so I am glad that I am still able to put one word in front of another. :) Life should be settling down for me this winter, so hopefully my posting schedule will be much more regular.

      Michael

  • Mark Snyder

    http://www.youtube.com/watch?v=B9EbC9sYQU8

    What you said in 3 minutes of song and ivideo.

  • http://economicprotestproject.blogspot.com Mark Snyder

    http://www.youtube.com/watch?v=B9EbC9sYQU8

    What you said in 3 minutes of music and video in this song I wrote

    • Michael

      Nice video Mark.

      Also, if anyone wants to use my articles in YouTube videos that they make I hope that they will feel free to do so. I create these articles so that they can be used as tools to help spread the truth.

      Michael

  • Jake

    Great article Michael. Very balanced and as always, informative.

    I came across this site the other day and I’m beginning to use it as my “buying guide”.http://www.americansworking.com/index.html As one individual I tend to feel powerless in the shadow of the bloated mass of our federal govt. But I have decided to fight back by supporting American made products. If enough other folks do the same thing then jobs will be added without one dollar of tax money being spent.

    • Michael

      Jake:

      Interesting site – I hope people check it out.

      Michael

  • http://jpbulko.newsvine.com Joseph Patrick Bulko MBA

    I heard that Nike would still be profitable (though less so than now) if the company moved its production facilities back to the United States (employing Americans instead of foreign sweatshops). This got me wondering whether other commodities could be manufactured here in the USA profitably (though not obscenely profitably). If so, we could rebuild the U.S. manufacturing base and re-empower the American middle/working class (and knock the unemployment level back down to 5 percent or so) without waiting (and waiting … zzz …) for the federal government to “save” us. I’m looking for info to support this notion of launching a series of U.S. manufacturers to produce everything that is currently made in China (etc) and sold at places such as Wal-Mart, Target, etc. Any thoughts?

  • Marc

    I don’t see any repair for the US; we have let our government be bought and paid for by the same corporations that control our media. There Agenda.
    is the New World Order

    who to vote for?
    http://usawatchdog.com/wp-content/uploads/2010/12/Dems-and-Reps-the-same.jpg

  • Monk

    In order to become competitive, citizens, government, and companies must decrease borrowing and spending considerably. In addition, because 70 pct of the work force is in the service industry, more will have to go to manufacturing and agriculture and work for much lower wages. Such measures will also be difficult because 70 pct of U.S. economic activity is based on consumer spending.

    Thus, the fault lies not just with government and corporations but also citizens who wanted high wages, tax breaks, easy credit, and cheap, imported goods.

    Unfortunately, because none of these sectors will sacrifice and will instead blame the others for the current economic mess, then no one will cut down heavily on borrowing and spending. With that, there will be no recovery for the U.S.

  • http://www.rembrandtphoto.com Mike L.

    I always look forward to reading your articles and this one is particularly well done. While we fight with each other, democrat vs. republican, red state vs. blue state, conservative vs. liberal, etc, the big corporations are running this country. It doesn’t matter if we vote democrat or republican. They’re basically the same! We need unite and form a good third party to rise up! Maybe this “Occupy Wall Street” is the start.

    • Michael

      Thank you – I am getting some good feedback on this article.

      But unfortunately I don’t have time to write a 3000 word article every day. :)

      Michael

      • http://www.rembrandtphoto.com Mike L.

        We appreciate all your time & effort to educate people. Thanks for all you do, Michael.

        • Michael

          You are welcome Mike. And thank you for the kind words.

          Michael

  • patriot alice

    I couldn’t say it better DM…

  • WM

    Michael, Another hard hitting article, perhaps your best yet regarding what is really going on globally. I don’t know if there is any hope at this point to actually change things and get back what has been lost. I fear we are already at the point of no return.

    Just soem FYI on regulations. The company I work for makes turbines for power plants around the globe, so that cities can have electicity. At a recent meeting that we had to attend, we discussed safety regulations that are in place, but also discussed was the plethera of clean air, clean water, etc. regulations AND reoccurring fees that the company has to pay in order to be compliant. It was shocking as to how many visits per year they get from various commissions, companies from both the state and the town making sure they are compliant. And of course the “maintainance” that they need to do and spend substantial $$$$$ to meet the ongoing, ever changing regulations. I came out of the meeting with a sort of expectation that it will only be a matter of time that we will get the news that they are pulling out of Connecticut, ( which is a VERY high tax state).

    If anyone ever thought of moving here, please reconsider. It is very expensive to live here, and for businesses to do business.

    • Michael

      WM:

      Great comment. Most Americans just don’t understand how repressive these ridiculous regulations have become.

      Michael

  • http://economiccollapse james mccutchan

    your essays are generally cogent and enjoyable but your position on birth control puts you solidly in the religious superstition camp. do you suppose we or china would be better off if their population were 3 billion? would the human race or the planet be better off if the global population were now 10 or 20 billion? the human race is procreating itself into extinction along with all the other marvelous forms of life on this rock and you have the narrow-minded audacity to defend unfettered reproduction. how disappointing.

    • Mal R.

      And your position on population control put you firmly in the Nazi eugenics holocaust supporter category. How apropos of a liberal.

      • Missy

        That was very funny Mal!

  • rudy

    the problem is our Senators and Congressmen. the high salary and perks they receive. All these problems do not effect them and they do not care. So keep on supporting them and their fat life styles.

  • http://newarthurianeconomics.blogspot.com/ The Arthurian

    Two beers in, I should know better than to leave any comment at all. But I was sold before you got to the first of your twenty reasons. Hic. Actually, I was sold on this years ago.

    My friend Maynard wrote:

    “But if nations can learn to provide themselves with full employment by their domestic policy … there need be no important economic forces calculated to set the interest of one country against that of its neighbours.”

    Keynes suggested we could eliminate war by making better economic policy. That’s pretty intense. But forget war. Just focus on policy. Maynard said we must provide ourselves with full employment by domestic policy.

    Reason number 21: Keynes said so.

  • Dave

    You think the trade with Canada is ok because you got the better deal and have more clout.

  • JackieR

    Our gov is working very hard in breaking up the unions.

  • http://www.turbostrategy.com Edwin Paul Baker

    These are private dictatorships. They own the whole shebang.

    The west has been chosen for downgrade. Because I’m a white westerner I’ll be treated with humanity?

    Free trade reduces our ability to be self sufficient. It takes a lot for so few to benefit.

    It’s a failed system. Too much power surrendered to too few.

    I consider it a matter of national security to remove sociopaths & psychopaths from public duties.

    It’s all just a sham.

    We know poverty is fine if it’s not in our vision. Free Trade desire a proportionately bigger 3rd world population.

    We might favor our nations wealth but “screwballs” don’t, they move on.

    Globalist is a brand name for terrorist.

    I have more faith in the Titanic.

  • Shawn

    “Walpole’s 1721 legislation essentially aimed to protect British manufacturing industries from foreign competition, subsidize them and encourage them to export. Tariffs on imported foreign manufactured goods were significantly raised while tariffs on raw materials used for manufacture were lowered, or even dropped altogether. Manufacturing exports were encouraged by a series of measures, including export subsidies. Finally, regulation was introduced to control the quality of manufactured products, especially textile products, so that unscrupulous manufacturers could not damage the reputation of British products in foreign markets.

    There policies are strikingly similar to those used with such success by the “miracle” economies of East Asia, such as Japan, Korea and Taiwan after the Second World War. Policies that many believe as I myself used to, to have been invented by Japanese policy-makers in the 1950s – such as “duty drawbacks on inputs for exported manufactured products” and the imposition of export product quality standards by the government – were actually early British inventions.”

  • Colin

    I am a liberal, and I do not support these agreements. Twenty years ago, the economical theory that these agreements would create jobs for Americans and sustain the middle class was proven wrong. The politicians continued to blow smoke in our faces with this disproved theory, and expect us to believe it. I am not a believer. (“Don’t Piss on My Leg and Tell Me It’s Raining”)

    As for President Obama, I will not vote for him again. If I had a choice, I would write Mickey Mouse down as my candidate for president. He would be better suited than this clown of a president, and the atavistic dullards that dominate the nominee field for the Republicans.

    • bobbobbobbob

      the rebuplicanterrorists(whoare owned by CHINA RULESU) will always vote for raising bridge tolls cutting services and making all products in chinarulesu. and so will the blue dog dems. starving is painful but its over in 30 days

  • http://www.placeofrefuge2012.com Sheila

    Here is the problem…Corporations’ first and foremost responsibility is profits, profits, profits. So it makes sense that everything they can do to add another percent of a penny to profits be done. But just because something CAN be done, doesn’t mean it SHOULD be done. Corporations, being soulless entities, have been given free reign to control all the money in the world, without the benefit of human kindness and consideration thrown in. placeofrefuge2012.com

  • r.bitting

    This nation was founded on a biblical standard, whether you believe the bible is the word of God or not does not change this fact. The freedom and the rights that everyone of you currently enjoy which are the fabric of this nation ( which is why so many desire to come here ) were put into the constitution by bible believing Christians, you know ” life, liberty and the pursuit of happiness ” oh.. and that other part ” endowed by their creator “. Every one of those concerns you raise has it’s roots in the moral breakdown of society. So the question one needs to ask is, when ( not if, because it’s in it’s advanced stages now ) the greatest, most powerful, most advanced nation in the history of the planet, a nation that was the only hope to many in the world of ever experiencing freedom, when that nation becomes one of the most corrupt and forfeits the freedom it had, what will the world look like on that day? And where will you find hope on that day? The answer is the same place the founders found their hope, in the God of the Bible and in salvation through faith in Jesus Christ. All these things are about to come to pass. You won’t survive this without Christ. Please read your bible and ask yourself, why would man, invent a way like this to be saved? Would’nt mans way have been easier, and would it really include repentance as the bible requires ? Would’nt it look more like ” easy believism”? Think it through…common sense might prevail yet.

  • Tim

    I agree with a lot of your points, but it is not realistic to think that we could just stop doing business with China entirely. The US has lost its capability to manufacture an enormous amount of the products we use. Have you seriously TRIED to not buy products made in China? I tried to do this years ago and finally gave up when I couldn’t get items at any price (like sneakers and boat shoes) that were not Chinese.
    Maybe we could reduce our dependence on Chinese goods gradually over a decade or so, but an immediate embargo would drive our cost of living through the roof and many products would be unobtainable.

    I have issues also with your attitude that USA is purely a victim of unfair trading policies. #4: China subsidizes its corporations — so what about Government Motors and Solyndra? #5: So the biggest threats to the US are China and Russia? — what about a nuclear Iran and terrorists running around with ex-Libyan SAM-7 missiles that can shoot down airliners at 10,000 feet? #7: China’s one-child policy is a huge mistake that will devastate the country economically in 50 years. #10: Protectionist policies contributed greatly to the Great Depression. As long as we have stupid legislation like the Davis-Bacon act that double the cost of state and federal projects by enforcing sky-high union wage rates, our bridges will be built by foreign companies. We have to accept that our wage rates are not competitive with the rest of the world any more and if we want jobs in this country, hourly wages have to come down drastically (they will when the next depression finally gets fully under way). #20: I agree that it’s going to get a lot worse before it gets any better. I don’t have much hope that anything useful will get done until we have unemployment at 40% and the Gummint stops handing out welfare checks. Our politicians are corrupt and incompetent and will do something positive only when there are riots in the streets.

    • mark

      Tim, New Balance running shoes are mostly made in the USA. Their web site claims that 70% of the shoes are made here. They employ 1200 people in the USA. Maybe we all should support and purchace New Balance shoes.

      • bobbobbobbob

        all new balance shoes in middletown sears r made in chinarulesu

    • bobbobbobbob

      amerika = 0care(zero) not ocare(obama) care

  • LvM

    First of all, thanks for writing this confrontational article. You’re doing great work waking people up to the economic situation.
    On to my comments:
    #1:
    If there is one country that manipulates it’s currency to gain competitive advantage it’s the United States. There are more US dollars held in other countries than in the United States. The government then inflates the money supply trough the FED, being direct beneficiaries of that money, but at the cost of foreigners (and US citizens) that lose their purchasing power. That includes debts that become worth less.
    Second, the US holds it’s currency relatively strong to make import cheaper. That is a decision made by the US government, not China.

    #2, #3:
    I won’t vindicate the Chinese government, but the primary reason these jobs are being lost to China is because trough regulations labor is overly expensive in the US. You can’t really blame businesses for not wanting to make unnecessary losses.

    #4:
    “foreign businesses are deeply subsidized by their own national governments.
    It is called cheating, and we let other countries get away with it.”

    The US government does this too. Again, the competitive disadvantage comes primarily from regulations and taxations by the US government.

    #6:
    It’s not really stealing if the businesses go there voluntarily.

    #7:
    That’s not the only thing that’s abhorrent. The alternative would be (many more) people dying in the streets because there just isn’t enough food and housing for so many people.
    “You can support trade with China if you want, but then don’t even try to call yourself “pro-life” again.”
    Many more people would die if everyone refuses to trade with them.

    #8:
    I think it’s unfair to think that the debtor is at fault for the debtee making debts. If the US government runs unsustainable policies and must go into debt to finance them, it’s their responsibility. I don’t think it’s fair to criticize the debtor instead of the ones that instituded those terminal policies.

    #9:
    100% agreed.

    #10:
    What makes an American human more important than a Chinese human?

    #11:
    This labor actually improves the conditions of those workers. The alternative would be backbreaking agricultural work the entire day or starving to death. Government regulation severly limits competition and therefore height of wages, and is wrong indeed. But this is not the fault of those corporations, they merely comply.

    #12:
    As it was in America in less developed times (during the industrial revolution). The more you trade with them, the faster they will come out of that state, the better the environment gets.

    #13:
    I think it’s the responsibility of the buyer to make sure the bought product is safe (except if the seller is comitting fraud). This can be easy by only buying products that are inspected by an independent certifier.

    #14:
    The poor don’t become poorer, they just become richer slower than the rich. Even in China, conditions for both rich and poor dramatically increased the last couple decades. But then again, government regulation and taxation that hurt small businesses, and financially vindicate CEO’s of large corporations of financial responsibility, are responsible for the biggest disparity, not free trade.

    #16:
    Agreed. Those government regulations and taxations really do a lot of damage.

  • Antonio Gonzalez

    China is doing like american. Then bla , bla , bla , China China ,China,
    it is stupid.

    • jackro

      China is not doing like America. If they were then why did so many runners boycott the Olympic games there? Toxic air.
      What is keeping the Yuan(Chinese currency) way below value?
      China and other counties like it, that don’t care about their populace, should not be given free reign in our country with their cheap crap.

  • Stew

    Great article Michael about a basic truth nobody in DC wants to talk about. I am a manufacturer doping both export and import with more export.
    A huge problem with the trade imbalance that you missed is the financial damage it does. US$ can’t be spent in Germany, China, Japan, etc. The $7.5 trillion has come back to Wall Street to be invested in the US.
    However we don’t have enough sound investment opportunities so the money pours into the bubble of the day.
    In the 70′s this desperate money funded dollar loans to S America so they could buy oil with the US dollars, which the Arabs send back to Wall St to invest!
    In the 80′s it funded a boom in real estate deals financed by savings banks, which cost the US taxpayer $800 billion but total losses approached $4 trillion.
    In the 90′s it fueled the dot com stock market frenzy which ended in the loss of $7 trillion.
    In the last decade it fueled the subprime mortgage mess which we are still paying for after losses of $7 trillion with more trillions to come.
    It also fueled the senseless financial derivatives which are a $25 trillion bubble yet to collapse.
    What we need is an ExIm credit scheme to force balanced trade. More on this later.

  • JD

    Has anyone heard about the builder in Bozeman, MT who used all American products in his house construction? Yes its true. There is some things still made in the good ol’ USA we just have to stop being lazy and look for it I believe the shopping list is online although I cant remember I think its avaliable at ABC News.com. This is a first step in the right direction for our country. Demand Lowes and Home Depot carry these products. If we keep settling for less from these corprations that sell out our countrys jobs, then we deserve the unemployment that we have. Start holding your politicians accountable for when they support these free trade agreements. Unfortunaley, hardly anyone knows what the FTAs do to their jobs and the politicians like it that way. This site has really opened my eyes to the destruction that these FTAs really do to our economy and I thank you for that Michael. Even R-CALF dosent support this new FTA. They believe that it will depress the price of cattle for years to come. Its bad enough that the processors do that already, and we dont need anymore of this. Oh, and BTW, if you think that the price of hamburger and steak is bad now, wait till next year when the beef inventory matches the amount of cows that are out there. We’re talking massive shortage people. Get ready to be eating alot of Ramen.

    • Atilla77

      Quite easy to do. Just finished our house last year. We had choices from everything from wire to sheetrock made in the US or China. We used all US made products to build our home with exception to a few imported faucets, otherwise our entire home was made of US components. Also every lamp, cabinet and furniture was all made in the US, we spent a little more but our house does not smell like a formaldehyde factory from cheap Chinese furniture and cabinets. American furniture is unbelievable.

    • Old Man

      BTW, all Ramen are imported.

      Now if you believe US should halt Ramen import, or impose stiff tariff, then be prepared to get hit with same from Asia for the vast quantities of corn, grain and beef US export to them.

      One more inconvenient thing: US is a founding member to the WTO. According to WTO rule, no country can impose tariff without WTO executive approval, and they approve only when a country has proven to dump their exports (i.e. sell them at a lower price than domestically, or subsidize them).

      So you can buy US made all you want, but you don’t have a whole lot to buy. That’s because US business have decided not to make them in America.

      • http://lnx-bsp.net/ Tel

        … be prepared to get hit with same from Asia for the vast quantities of corn, grain and beef US export to them.

        Interesting to see how well Socialism handles the situation as their people go hungry year after year.

      • Michael

        Who are these US businesses you are referring to? Almost all of them claim to be, or are attempting to be, international corporations. Don’t think of them as American. They aren’t.

  • Gay Veteran

    great blog! everyone should also be reading Charles Hugh Smith:

    http://charleshughsmith.blogspot.com/

    • jackro

      Thanks for the link, great economic mind there.

  • mondobeyondo

    Talk about “dirty deeds done dirt cheap” (to quote AC/DC).

    The big banks got everything they wanted, mostly against the will of the majority. We didn’t vote to bail them out. Congress did. In 2008, they said the economy would enter a great depression if they weren’t bailed out, and Congress fell for their crap.

    Well, guess what? They got their bailout, they are making profits again, and the economy is STILL headed for a great depression.

    Pretty similar for the airline industry. They charge you for everything except stepping foot on the plane, and that’s coming soon. You better believe it.

    The late George Harrison’s song “Taxman” comes to mind.

    “Let me tell you how it will be… One for you, nineteen for me…If five percent seems much too small, be thankful I don’t get it all”.

    I know Harrison’s song was aimed at British politicians, but it could apply to banks and corporations today. JPMorgan Chase, Citibank, Bank of America, Wells Fargo…bite me!

    No wonder the 99% are pissed. Arrrggghhhhhh.

  • http://truthalert.net Mike
  • http://you-tubepage-Spread1The1Word Harvey

    Excellent article,I only follow independent new sites and blogs and I have been reading your articles for almost a year now and I have to say your website is the best. You express yourself perfectly and you always have evidence supporting everything you say, you do excellent work thanks for everything your doing. My plan was to serve in the Air Force for 20- 30 years and retire, but even the military is doing things against the very nation and american citizens we swore to protect. These problems are pretty hard to grasp much less attempt to fix. If there is any way that I can assist you in helping to spread your articles let me know even if it is financially I would gladly send a money order.

    • Michael

      Harvey:

      Thank you for the kind words. I just wish I could work even harder and get even more articles up. But I try hard not to sacrifice quality just to get more quantity.

      The best thing that people can do to help the site is actually free. If people will share these articles by email, on their own blogs, on Facebook, on Twitter, on StumbleUpon, on Digg, on Reddit and on other social media sites that is a huge, huge help. Also, when people vote for each article using the Google +1 button that is a huge help. All of those things will help more people find the sites. So if you are able to help out in any of those ways that would be awesome.

      But more than anything I am so thankful that so many people take a few moments each day to check out the site. It means a lot that I have created a site that people find to be valuable.

      Thank you all so much for making this site part of your lives.

      Michael

      • jackro

        Michael,
        I have an economics minor from James Madison University. If you are looking for someone to just write, for FREE, about debt or other economic puzzles, I am happy to help.

        • Michael

          Jackro:

          On The Economic Collapse and The American Dream I don’t take guest posts, but my wife and I have a whole bunch of other websites where we do take guest posts. We are glad to feature the work of good authors that would not have much of a voice otherwise. If you are interested in being featured on some of our other websites, please email me at…..

          guestpostsandsubmissions at hotmail dot com

          Michael

  • Old Man

    The US government signs trade agreements to benefit multinational corporations exclusively. The rationale being the profits of such corporations will increase stock valuation, and the corporations will invest the profits in America to create new businesses and thus maintain or increase both wages and employment. With some slight variations, this is the same rationale of the counter-parties to US trade deals. Therefore the terms of these agreements are not an issue. They look reasonable and sound enough.

    The difference comes with how countries implement such deals. Almost without exception, all counter-parties to US trade agreements do what is expected as outlined in the first paragraph. EXCEPT the USA. Because ONLY in USA corporations who profited so mightily from the deals DO NOT invest in America. Well, let me clarify: a) They did invest in America but only in the stock market, so that further profit can be easily made and their money can be withdrawn on moment’s notice. b) About half of their profit is invested in foreign countries – because since that’s where the profits originated, that’s where they will put more to make more. It makes perfect sense, if you are a capitalism fundamentalist.

    So why did counter-parties of US trade deals DID NOT do what make perfect sense to US corporations? Because such foreigners have a ‘weakness’ – they love their country and know if they don’t invest profit in their own countries, they and their next generations will have no future. In short, they violate capitalist fundamentalism, which dictates all profit must be maximized and return-on-investment must be quantifiable on a short net present value time frame.

    Under this principle, an American CEO will never send their kids to school because the ROI is most definitely not quantifiable and lousy within a short time frame. They will not meet Wall Street quarterly result expectations. Their kids will most likely not able to pay their parents back. Which of course is why US education has been trailing dead last in all developed and developing countries.

    But of course foreign CEOs insist on doing the ‘dumbest’ thing – they send their kids to school for 2 decades without signing a ROI contract with them. They even invest their company’s profit back into their own country, hire and train their employees, and sacrificing the profitability, stock prices and hefty bonus.

    American CEOs have been scolding these foreign business leaders as a bunch of ‘socialist’ and their country doomed to failure for decades. They are supremely confident that the tremendous profits the trade deals the US government signed will absolutely wipe out the competitiveness and future of their counter-parties.

    And these American CEOs, captain of capitalist market fundamentalism, will be right. If they live only within their corporations without a country. But we shall find out soon which is a more powerful reality – the corporation or the country.

  • liberranter

    Well, either Barack Obama is completely ignorant when it comes to economics or else he is lying.

    There answer is “both.” OTOH, and let me repeat this yet again, it doesn’t matter whether Barack Obama is an economic ignoramus or a liar. He is nothing but a Muppet, a false front for the invisible elites who really rule, the only ones who benefit from this “free trade” travesty.

  • http://www.planorperish.com/ Gutter Economist

    FREE TRADE HARD AT WORK

    A recent comment by DaShui on the American Dream blog:

    “I live in China. A pair of Levis are $150. Everything has high tariffs.”

    My reply:

    Protective tariffs for Chinese workers – food stamps American workers.

    Our “trade negotiators” should all be sent to Gitmo for economic terrorism.

    Our presidential candidates promoting “free trade” should join the above “trade negotiators”.

    • Michael

      Yes, it is amazing what China is getting away with.

      If only more Americans knew…..

      Michael

      • http://www.planorperish.com/ Gutter Economist

        I just posted this article on my own website.

        Many years ago, The Chinese government used “free trade” to destroy my manufacturing career – 6 years of college down the gutter.

        Recently the Chinese government stole all of my Internet domain names. They admitted that they belonged to me but said that I would have to pay them a large sum of money if I wanted to use these domain names in China or they would give these domain names to a Chinese entrepreneur.

    • mondobeyondo

      And Americans pay $200 for Air Jordans and other Nike shoes, which are probably made in a sweatshop in China for $5.00.

  • The Golden Child

    you should do one where the police is arresting people for wanting to take out there money and switch to a credit union

    • Mal R.

      You should cite proof of where the police is arresting people for such things.

  • Peter

    Pb7777 super Einstein, i think that you should do the gematria to your name ,i am sure that will come on top 666 my friend, or perjaps you belong to the POWERS THAT BE,you are the one who need to learn a lot.

  • Larry B

    The only way to solve the problem of our huge trade deficit is through tariffs and tariffs don’t work. China has already shown it won’t work with them because they will just further devalue the yuan, which they have done when just threatened with tariffs. They think they hold all the cards and they do….for now.

    That is they do until it comes to the point their economy will no longer support the continued weakening of their currency. That will come eventually because to weaken their currency they have to print money and every time they do that it’s inflationary for the Chinese people.

    And with inflation there will have to be higher wages to compensate for the higher prices of the goods and services the Chinese workers have to pay for. This will lead to conflicts between the workers and their employers, whether the employers are Chinese domestic companies or foreign companies operating in China until the demand for higher wages is met. In turn, that will lead to higher production costs and higher prices for goods and services produced.

    The end result will be foreign companies operating in China will go elsewhere to search for cheaper labor. The same will be true of Chinese domestic companies. This is one why China is cultivating relations with countries in Africa. Besides opening the door to the use of the basic materials available in Africa, it also opens the door for the Chinese to use the cheap labor that is available in Africa. That’s right. The people in most African countries would be willing to work for a fraction of what most Chinese labor would be willing to work for.

    In short, China has become a victim of it’s own success and now must look somewhere else for the cheap production needed to compete with the US and Europe for the share of world trade needed to maintain the living standards it’s people are coming to expect.

    And if you stand back and look at this from afar and are able to see the entire picture. There is no easy way out of the fix the US and Europe and gotten themselves into. They have for years supported the lifestyles of their citizens with easy credit and money printing. That has to stop and the bills be paid before there can be progress and we can once again move ahead.

    But it won’t be easy. There will be some long hard years of struggle to undue the excesses of the past 40 years.

  • Anonymous coward

    Good post! Much better than the previous ahistorical rant.

  • Gary2

    Why did Obama just shepherd through with bi partisan support another free trade scam with Columbia Korea etc?

    These MF clearly do not listen to the people.

    • Kevin2

      Gary2

      You have seen “The Light”.

      As I stated many times it goes like this. The Republicans propose Free Trade agreements and the Democrats get political mileage by opposing those agreements. The body politic then elects more Democrats and the Democrats then vote for and or sign into law agreements that they previously eluded to opposing.

      Watch the right hand and get hit with the left.

      Both feed from the same corporate bowl and they obey those that feed them. If they are voted out after doing their masters bidding they know that they will be taken care of in either the public or private sector.

      • Jamcanig

        I agree. I’m surprised that Michael or no one had touched on it. Corporations are the masters and they get what they “buy,” and free trade agreements are one of the things they but. The problem lies in a corrupt political system.

    • Mal R.

      …and yet you mindlessly drone on day after day on this very board about giving that same govt more power. You’re dumber than a bag of hammers.

  • bobbobbobbob

    chinarulesu
    chinarulesu
    CHINARULESU
    CHINA ALSO OWNES U

  • Georgiaboy61

    Larry B., re: “The only way to solve the problem of our huge trade deficit is through tariffs and tariffs don’t work.” Larry, I used to believe the “free trade” mantra that tariffs don’t work but that globalist nonsense, in all due respect. Our nation’s most prosperous decades were those in which it enjoyed the protection of common-sense tariffs and other measures of economic nationalism. As far as the Chinese devaluing the yuan, we ought to revolk their most-favored nation trading status if they pull that sort of maneuver. It’s economic warfare.

    Larry, I am not an ideologue and am politically independent. All I am asking is that you rethink the evidence. So-called “free trade” hasn’t worked in the forty years since Japan and now the PRC have adopted predatory trade against us. If it isn’t autos, it is dumping of microprocessors, or something else. Fifty years ago, we were the manufacturing collosus of the world. a half century of free trade later, our stores are filled with goods made by other nations, and Americans don;t have decent jobs. Please, look at the empirical evidence and go where it leads you.

  • CrikeyMcGregor

    We are not this stupid so obviously there are things in play of which we are ill informed. Lied to. We cannot change the behaviour of others, in particular those dealing from an advantage point; the only reaction we can govern is our own.
    Bearded radicals camping on Wall St is one thing, but until we: ‘the great unwashed’ get off our duffs and demand serious remedial/retaliatory action, nothing will happen. Identify the importers and get serious about boycotting, talk will achieve nothing, hit ‘em in the pocket book.

  • mile

    did the pre Palin Tea Partiers before Limbaugh horsesheet demand a clawback of wages, perks, pensions and savings of politicians who destroyed the economy while receiving “kickbacks, funds honors gratits from foreign countrys, companys and,organizations enough that they would need one of the missing jobs they aided for pay the disapearance of, calling the treasoners, and mentioned Japan and Reagan of the 1980s.????????????? till they became the party of Reagan of Limbaughs needs?????/

    • Mal R.

      You picked the wrong day to stop sniffing glue.

  • a cruel accountant

    Whiners all of you!

    If you only want Made in America, then only buy Made in America!

    Everyone of you on this blog buys Made in China!

    Hypocrites, all of you!

  • al

    What a well written article, except for one point. It is ‘balanced’ trade then fair trade that must be employed and not so called free trade.

    This article should be rewritten as it misses the main point, trade imbalances are killing us, and allowing them only encourages currency rigging.

    ‘Free trade’ was actually espoused by Karl Marx as means for destroying market based economies.

    NAFTA/CAFTA/WTO are managed trade agreements, not even ‘free’ trade as they allow currency rigging and give distinct trade advantages to Asian nations.

    If you cant get the main point of BALANCED trade you might as well not write the article at all. You can list all the problems but you have to provide the correct solution which is trade in balance. We should use tariffs to bring trade back into balance and gut the WTO/NAFTA, etc and star over again.

    This Korean free trade agreement give only certain USA special interest groups access to china and allow the Koreans to continue to gut our steel industry and gives Korea many advantages of keeping their tariffs in place for five years to protect their industry while getting access to our markets immediately with no tariffs.

    It is an elitist policy of the English to deindustrialize America. England controls the USA through the International Institute of Royal Affairs now called Chatham house to hide the fact the English Monarchy and their Rothschilds banking empire control the USA with the Shadow government through the CFR headed up by Sir David Rockefeller, Dick Cheney, Bob Rubin, etc all ‘traitors’ to the USA and through the BOE/English crown owned PRIVATE Federal Reserve Bank.

    It all goes back to Disraeli (and Machiavelli) who theorized elites could best maintain control by always attacking the middle class and sending their wealth to the lower class and sending their jobs to other nations.

    England under Disraeli went from being a manufacturing powerhouse to a ‘trading/banking’ nation. The English want no jobs but for bankers and lawyers and of course the police and military and government state to oppress us and pick our pockets. This same English banker-lawyer-cop police state is being imported to America largely by a traitorous Anglosaxon-Masonic lead congress.

    The USA other problem is China is run by Engineers, the USA is run by bankers and lawyers all from the Anglosaxon-Zionist elite families. Anglosaxons are only 8 % of America yet control virtually all of the high level military positions, congress, the executive branch and what they don’t control their Zionist ‘cousins’ control like the media.

    These are deliberate policies shoved down America’s throat designed to destroy America and bring about the New English world Empire. The Queen was at the UN recently telling her ‘men’ to get on with the NWO.

    America has alway had one continual enemy since its founding, the English Crown and Rothschilds, whom per MI5 Agent Casbolt who defected run it all, the drug trade, the wars, the fraudulent banking system and the phony banking the synthetic war on terror.

    China should have never been let in the WTO and gifted with free technology by Nixon/Bush/Clinton/Obama while murdering political dissenter and allowing only communist to have power. If we consider Obama’s mother is a Dunham and another English royal type the pattern and connection to England is pretty clear. Obama’s very first visit,overseas as he is an English citizens by virtue of his father was to meet Rothschilds and the Queen of England and he actually bowed to her, like a man servant, something no American President has every done at least in public.

  • chiller

    That picture of the slack jawed, empty headed, blank gaze of our US mafia crime boss says it all. He couldn’t string a sentence together by himself if his life depended on it. So exactly WHO is programing his teleprompter and where can we find them?

  • justamom

    Michael,
    #7
    Thank you for the reminder of this horrific truth. I am convicted and grieved.

    We have grown to tolerate abortion in America; how long until it is forced upon us as well?
    May God have mercy…

  • bachubhai

    China’s currency devaluation allegations is a hoax perpetrated to mollify the gullible American public. If the currency was indeed devalued the Chinese tourists to France would not be increasing at an annual 12% rate, and an average Chinese tourist to France spends $18000 as per tourism industry surveys.

  • Syrin

    Clinton’s legacy. Lost jobs. CLEARLY pointed out by Ross perot as that “giant sucking sound”. Yeah, so obvious to any willing to be objective. You’re right, those jobs AREN’T coming back. Think Boeing ever makes another plant in the US ever again? We treat our domestic businesses like enemies while forcing them into the willing arms of China who takes all their tech and trade secrets away from them. Un-fricking-believable.

    By the way, this China thing has been known for YEARS now, and no one is doing anything about it. Bubba used to let them sleep in the White House, Bush never addressed it, and now with companies being forced to give away our single competitive advantage (tech) we are now at a MASSIVE national security risk.

    I don’t think the gov’t has much role at all, but this is ONE area where it does. it should NOT allow any US company to give away tech trade secrets. It’s our only advantage.

  • http://www.survivalboards.com/ Kevin

    In the 1990s people were warned what free trade would lead to, and look at where we are at today.

    During the Clinton-Bush election, Clinton ran on a platform of anti-free free trade. But when Clinton was elected into office he did a flip-flop on the issue and signed the NAFTA treaty.

    After NAFTA and GATT, its pretty such been downhill for the past 15 – 20 years.

    Back in the 1960s and 1970s, the US government put people in prison for giving secrets to Russia. These days, if we give important technology to china, its business as usual.

    What most people do not realize, is the sad shape of our metal working industry. We only have a few shipyards left in the USA.

    The majority of the shipyards used during the 1940s, 1950s and 1960s have been closed, stripped and sold off piecemeal.

  • Jean

    Michael,
    A most interesting article, and interesting responses to boot! I have been having the creeps for years over the China trade/slave trade situation… but in truth there are some items for which buying “made in the USA” is nearly impossible.

    I am a larger/plus size (but short) woman, I need to wear slacks or jeans due to problems with my legs (don’t like to show off those thick compression stockings, sorry!). I have been finding it nearly impossible now to find slacks or jeans that fit anywhere BUT the Walmart’s. I spent several days researching the issue trying to find a US source for jeans that would fit me; found one company that creates jeans in the US (Texas jeans or something like that), but they do not carry any woman’s jeans anything like my size.

    However, I know how to sew, so I decided OK I’ll make my own (guarenteeing they would be made in the US), but I am having trouble finding now any denim FABRIC made in the US! This includes an extensive online search; I found a few online stores that produce fabric made in the US, but the selection is quite limited (and no denim or anything like it). I found one place that had organic denim that was a US firm, but the material was produced in India, not the US… and you have to buy something like 1000 yards of it (enough to start my own jeans company or make about 50 pairs of jeans).

    UNFORTUNATELY though the “manufacturing” jobs are a two sided coin. I grew up in a “mill town” (South Attleboro, MA), which had two jewelry manufacturing firms. Both are now closed, the town has turned into a slum. But some of my personal choices contributed to that! How? I did NOT want a factory job, like many people I went and got an education because I went way out of my way to do anything BUT a factory job. Why? BORING, poorly paid.. and might I add exposure to toxins? My mom was a factory worker, she also hated it. My hometown (I have not lived there in years) has the highest percentage of hazardous waste in the state of MA. So, if we do go back to a manufacturing base, I think we need to be very careful also how we go about it, least we end up every bit as polluted as CHINA.

    • Michael

      Jean:

      Good comment!

      Michael

  • JerryParker

    Well, at this rate, Americans are going to have to supply the sex travel economy with their own bodies, while rich Orientals come to the U. S. of A. to have paid sex with American women, men, and children, whose bodies are the only thing that they have left to offer for revenue. We know the horrors of such things in Thailand!

  • TAUS

    Shaitan has started his wine press. The Eternal Law of Gravity (Time) will do the job.

  • kerry

    These trade deals are not good for Canada either.In the short term we can rely on selling resources but the trade deals the Canadian government is making put Canada with the USA in the race to the bottom. We are loosing many jobs to China and Mexico as well. Nafta has the additional problems built in where Corporations are suing our governments under naftas chapter 11 clause. One small example in canada has American owners of Canadian hunting lodges suing the canadian government for loss of future income. In this case it is because the woodland cariboo is endangered and the hunting quota was reduced. One of the lodges is apparent filing a claim for 3 million dollars. There are many large suits in Canada ,Mexico and the USA like this to the tune of hundreds of million dollars. Who pays for sucessful lawsuits under nafta? The tax payers pay of course. We all need to demand that chapter 11 be removed from nafta!

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!
High Blood Pressure?
The End Of America?
MHAdNew_125x125 copy(1)
FINCA BAYANO
Survive After Collapse
cheaper to burn dollars than paper

Silver.com

Camping Survival
Facebook Twitter More...