The Consequences of Defeat in an Economic War
If the U.S. was attacked in a military war, we would do everything imaginable to defend ourselves, as losing a war could ultimately end in the enslavement of ourselves and future generations. History has shown us what happens to losers in a military conflict – the losers work for the benefit of the conquerors under their new ruler’s conditions.
When the British militarily controlled America, many patriots emerged. Most famously Patrick Henry is remembered for shouting, “Give me liberty, or give me death!”
In recent years, the U.S. has been in an economic war imposed on us by countries like China, Japan and Mexico – our constant balance of trade deficit will attest to this. Thanks to the very damaging agreements our leaders signed like the North American Free Trade Agreement (NAFTA) and our treaty with the World Trade Organization (WTO), we are unable to protect ourselves in this economic war.
We are thus inexplicably heading toward colonial status. We may have already lost this war.
Most Americans are unaware that we are fighting an economic war, it flies under the radar as our leaders fail to correct the situation. As former Senator Ernest Hollings put it, “we have the export profile of an eighteenth century colony.”
The consequences of losing this economic war are as damaging as if we lost a military war. Our American companies are increasingly closing up, selling out or going bankrupt and we are forced to outsource our manufacturing to foreign companies. At home, the few jobs that remain have us working for lower wages for our new conquering foreign masters. States beg and compete against each other to get foreign companies to set up shop in their state, we give foreign companies more and more benefits to give us a few menial jobs.
Where are our leaders now? What suffering must we endure before conditions spawn a modern day Patrick Henry crying, “Are foreign jobs so dear and foreign cars so sweet as to be subsidized by our state government to the detriment of our own American companies as they are pushed to the precipice of bankruptcy and beyond?!” Loss of more companies will mean the loss of more of our wealth and ultimately our freedoms. Where are our modern day Patrick Henrys now?
The pain of loss in this economic war seems to be taking its time to sink in. Our condition is only revealing itself now as we had been losing 10,000 to 20,000 jobs everyday. Bailouts from the government, which is actually borrowed money from the very countries that are taking our jobs and buying us out, give us a false sense of security. Home foreclosures are happening everyday, in spite of the government’s attempts to keep people in their homes. Why? Maybe because our companies are forced to produce outside of the U.S.
What will it take for our citizens to realize what is happening to us?
The solution is obvious to those looking at the real problems. Our free market/“free trade” system is no match against state capitalist systems which utilize protectionism and mercantilism. Countries like China and Japan have closed their borders to our goods and services but opened their borders to take our jobs and our living standards.
America is more vulnerable now than at any time in its 234 year history. This may seem like an exaggeration, but look at the facts – we have been forced to sell 16,613 of our best companies in the past 30 years to our new foreign masters though the effects of their lopsided balance of trade surplus with us.
We are in more debt now than ever before in our history, and owe trillions of dollars to our competitor nations. All of our companies are for sale on an open stock market, other countries would never allow such a thing to happen. China has $2.3 trillion and Japan $1 trillion in convertible currency reserves. These are economic bullets poised to strike at any day to take out any of our companies that they want, and if we talk about protecting ourselves our economic competitors cry “foul,” and point to agreements like NAFTA and the WTO.
Why must we always apologize for trying to protect ourselves with equalizing tariffs as we have done in the past and most of our foreign competitors do in various ways? They cry “foul” when we try to do it and since they are our bankers and they have so much leverage against us – we foolishly apologize and accede to their demands greatly to our detriment. We would never apologize for protectionism militarily, yet we do for choices that would protect our economy, like tariffs, which we used in the past. In World War II if we had been dependent on others to make our defensive products, we would have lost the war. We won because we outproduced all other nations and did not have to account to others to do what was our best interest. We are now losing this economic war because we are apologizing instead of protecting our economy, in reality protectionism through tariffs is exactly what we need.
America must stop thinking that protecting our economy is a bad thing. Protectionism, through appropriate and applicable tariffs could save our jobs, homes and economy But, as long as we keep apologizing for doing what we must, we will not be able to rejuvenate our economy. We will keep begging for whatever jobs foreigners are willing to throw at us. Is this what we want to be – a nation of beggars? We need to be a proud nation, a strong nation once again and re-instate needed tariffs to protect and rebuild our economy.
Wake up America! Let your voice be heard. As Patrick Henry might say today, “Give me my country back, which we are losing in an economic war with horrendous consequences, or give me death!”
Click Here to see the 16,613 companies sold in the past 30 years
Click Here to Learn More About NAFTA
Click Here to Learn More About the World Trade Organization
Click Here to Learn More About the Value Added Tax
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