In 1980, presidential candidate Ross Perot used the metaphor of a “giant sucking sound” to warn our citizens on the dangers of the North American Free Trade Agreement with Canada and Mexico. He correctly predicted that many of our factories would relocate to Mexico to take advantage of lower labor costs. His critics said, “Good riddance. We will replace those low paying jobs with good paying high-tech jobs!”
Well that giant sucking sound from Mexico paled by comparison to the ginormous sucking sound from China. Surely you’ve heard it! China not only sucked the bulk of our manufacturing jobs out of the U.S., it also sucked a good portion of those high-tech jobs away from our country along with the bulk of our technology.
I remember being in a state of shock in 1996, when I learned that the Chinese began launching our satellites. Both American industry and state-owned Chinese companies had been lobbying for years to get satellites off what is known as the ”munitions list,” the inventory of America’s most sensitive military and intelligence-gathering technology. Continue reading “China’s Giant Sucking Sound”
How can China hurt us? Let us count the ways:
First and foremost, they hold most of our foreign debt, 19 percent or $1.17 trillion. By buying U.S. treasuries, China keeps our interest rates low but it also gives China leverage over U.S. fiscal policy.
What would happen if China stopped buying U.S. treasures or, worst still, called the loans?
China also controls the supply of the world’s rare earth metals that are used in most of the high-tech products we take for granted like smart phones and hard drives. More importantly, these materials are necessary components for building smart bombs and military radar. It’s not that we don’t have any of these minerals. It’s just that our government shut down our only rare earth mine and allowed the Chinese to buy the company that supplied them.
Lastly, China now has access to our most sensitive military technology. That which wasn’t stolen was transferred overtly by previous administrations. Continue reading “The U.S. vs China”
As a U. S. citizen, I hope my government is spying on me if . . .
- I am phoned by known or suspected terrorists.
- I visit bomb making sites on the internet.
- I make contact with members of al Qaeda
- I attend a radical mosque.
- I order the makings for a suicide vest.
- I have large amounts of unexplained cash funneled into my bank account.
- I frequent jihadist websites.
- all my emails end with “death to America.” Continue reading “Please Spy on Me”
It’s like a bad marriage. The U.S. and China are tied to each other in more than a trillion ways. For the time being, both endure this partnership for the sake of their dependents and their own well-being.
The two countries will make nice today at the World Economic Summit in London. They will smile at each other through clenched teeth, but the dislike and distrust between the two are painfully obvious. They fool no one. Continue reading “The Marriage of China and the U.S. (Till Debt do us Part)”