Tag Archives: China

Another Instance of U.S. Sovereignty Being Squashed

WTO Decision India China

In a decision that should surprise no one, the World Trade Organization (WTO) ruled against the U.S. and in favor of China and India. The WTO rules against the United States in one out of every three cases it hears. One has to wonder why America remains in an organization with so much bias against us.

Why Are We Eating Expired Meat from China?

Hamburger

It was recently discovered that a Chinese food supplier had been selling McDonald’s, KFC and Pizza Hut expired beef and chicken. The supplier was repackaging rancid beef and chicken and putting new expiration dates on them. The shelf life was prolonged for another yearAn undercover reporter found that tons of chicken skin that was over half a month past its expiration date had been used for chicken nuggets and also found beef more than a month past its expiration date had been used for KFC burgers. As if that is not enough, video footage showed how this tainted meat had fallen on the dirty factory floor and simply was picked up and packaged.

The Bilateral Investment Treaty Is Our Surrender to China

China Dragon

It is little known as of now, but it must be stopped in its tracks before it even gets off the ground. Economy In Crisis has written often of the Trans-Pacific Partnership (TPP), a gigantic “free trade” deal that will encompass many economies bordering on the Pacific Ocean. One large economy that has been noticeably absent from TPP negotiations is our nemesis, China. This small cause of relief now looks like it is going to be snuffed out, as Obama is pushing a separate “Bilateral Investment Treaty” (BIT) with China. The Bilateral Investment Treaty (BIT) may finalize our surrender to China.

President Obama has apparently decided he has not yet done enough damage to our economy and wants more “free trade”.

“Free trade” is uncontrolled, unrestricted access to our economy, tariff- and duty-free, for goods made in foreign lands for $4 per hour or less. We cannot compete with these wages, so our manufacturers are forced to close up, sell out or leave the country. It is responsible for the ongoing destruction of our economy, and President Obama wants as much of it as he can get for his corporate sponsors. These sponsors, you see, are the only ones who benefit from the deals.

Chinese purchasing of American companies has proceeded at an ever accelerating pace. At this rate, there will soon be no American-owned companies left. But the rate is about to increase, if this BIT gets approved. It will make it even easier for China to buy out America, while Americans still have little to no access to Chinese companies.

It also will bring investor state dispute resolution, which is a process that allows corporations to sue governments for policies they claim hamper their profits. These disputes are adjudicated by unelected, foreign bodies and the American people have no control over any of the process. But it is the American tax payer who will have to foot the bill.

It is clear how damaging this would be for our country, accelerating the process of wealth draining out. We already produce next to nothing in America, even without this treaty. A BIT with China is just about the last thing we need, unless the goal is to make America a third-world country.

For more information on the state of the nation, and policies to strengthen our weakened economic condition, be sure to subscribe to receive our newsletter twice weekly. (01)

China’s Military Advances on the Back of American Ingenuity

china

While America wastes money on foreign adventurism, China is catching up to us in military prowess. This is the last thing we need.

The Bilateral Investment Treaty (BIT) May Finalize Our Surrender To China

China Dragon

Economy In Crisis has written often of the Trans-Pacific Partnership (TPP), a gigantic “free trade” deal that will encompass many economies bordering on the Pacific Ocean. One large economy that has been noticeably absent from TPP negotiations is our nemesis, China. This small cause of relief now looks like it is going to be snuffed out, as Obama is pushing a separate “Bilateral Investment Treaty” (BIT) with China. The Bilateral Investment Treatt (BIT) May Finalize Our Surrender To China

President Obama has apparently decided he has not yet done enough damage to our economy and wants more “free trade”.

“Free trade” is uncontrolled, unrestricted access to our economy, tariff- and duty-free, for goods made in foreign lands for $4 per hour or less. We cannot compete with these wages, so our manufacturers are forced to close up, sell out or leave the country. It is responsible for the ongoing destruction of our economy, and President Obama wants as much of it as he can get for his corporate sponsors. These sponsors, you see, are the only ones who benefit from the deals.

Chinese purchasing of American companies has proceeded at an ever accelerating pace. At this rate, there will soon be no American-owned companies left. But the rate is about to increase, if this BIT gets approved. It will make it even easier for China to buy out America, while Americans still have little to no access to Chinese companies.

It also will bring investor state dispute resolution, which is a process that allows corporations to sue governments for policies they claim hamper their profits. These disputes are adjudicated by unelected, foreign bodies and the American people have no control over any of the process. But it is the American tax payer who will have to foot the bill.

It is clear how damaging this would be for our country, accelerating the process of wealth draining out. We already produce next to nothing in America, even without this treaty. A BIT with China is just about the last thing we need, unless the goal is to make America a third-world country.

For more information on the state of the nation, and policies to strengthen our weakened economic condition, be sure to subscribe to receive our newsletter twice weekly. (01)

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