America is Running Out of Time, Out of Money and Out of Options
The United States is in open competition with the same countries from which we buy our goods and finance our government. These countries supply our consumption while simultaneously competing fiercely against our companies in international markets. Nations like India, Japan and China, along with trade blocs like the European Union, rally against “protectionism” in the U.S. because they do not want to have their unfettered access to our market tampered with, all while they engage in protectionism of their own.
The United States is told it must adhere to its commitment to “free trade,” not because it is in our best interest but because it is in our foreign creditors’ best interest. They want the current system to continue unimpeded. Foreign exporters finance our government so the U.S. can continue functioning, and then they make all of their money back through the goods we buy from them. The U.S. government then pays back its finance charges and over time foreign financiers virtually double their investments. The United States is told it must keep up its end of the “free trade” bargain. Meanwhile other countries skirt the rules, using hostile practices to put our companies out of business and capture sectors of the market.
Other countries limit and restrict the amount of American-made goods flowing into their markets. The United States puts up no such regulations, and is thus flooded with foreign-made goods. The WTO, NAFTA, and other “free trade” agreements favor the foreign producers in this equation, and the United States is not one of them. We are told by these international trade regimes that we cannot and should not protect our own economy. Through “free trade” the U.S. must open itself up to all foreign interests.
Most Americans do not realize the gravity of the situation because so much of the media attention is directed in favor of a “free trade” system that has bankrupted us. Scholars, politicians, professionals, and others have been indoctrinated by the idea that “free trade” is the best and only way to do business. Our political leaders promote the whimsical idea of “free trade” on false pretenses, and those that do not preach the fallacies of “free trade” are bought and paid for by major corporate interests and foreign lobbies.
As an economically conquered nation we have no ability to resist this economic and political pressure. Our factories are shuttered and our industries are unproductive. This country imports consumer goods that could and should otherwise be made at home. If “free trade” promotes the most efficient allocation of resources, then why are American workers and resources going to waste? Why does the U.S., a former champion of industry and production, suddenly rely on a consumption-based economy? We export our wealth, strength, and prestige in exchange for cheap consumption driven by foreign slave wages.
With no internal capabilities remaining and no strength, we are happy our colonial masters even give us a job. There are thousands of foreign-owned, American-registered companies in the United States. Many of the automobile factories that presently supply our car market are foreign-owned. Our state, local, and federal governments continue to offer tax breaks and subsidies to these foreign companies in exchange for a few American jobs even after this practice drove our own automakers to the point of dissolution.
In the near future we may find our living standard diminished and our prospects for growth and economic independence dampened. Without any homegrown industries to drive a comeback we will be forced to be content with our diminishing status. While formerly living in the lap of luxury we allowed the greatest economy on Earth to fall apart by living on imports and foreign-financed debt.
The me-first mentality which drove this country has pushed us into a crisis from which we will not return if we do not start fixing our problems now. Following September 11th, 2001 we united and threw away partisanship to do what was best for our country, regardless of ideological views. We must do this again or be destroyed.