Is China Planning
"China Cities" and "Special Economic Zones" All Over The U.S.?
<http://www.yolohub.com/economy/is-china-planning-china-cities-and-special-
economic-zones-all-over-the-u-s>
USA pays $100 million a day
in interest...and what China is going to do
about it.
What in the world is China
up to? Over the past several years,
the Chinese
government and large Chinese corporations (which are often at least partially owned by the government) have been systematically buying up businesses, homes, farmland, real estate, infrastructure and natural resources all over America. In some cases, China appears to be attempting to purchase entire communities in one fell swoop. So why is this happening?Is this some form of "economic colonization" that is taking place? Some have speculated that China may be intending to establish "special economic zones" inside the United States modeled after the very successful Chinese city of Shenzhen.
<http://en.wikipedia.org/wiki/Shenzhen>
Back in the 1970s, Shenzhen
was just a very small fishing village, but now
it is a sprawling metropolis of over 14 million people. Initially, these " special economic zones" were only established within China, but now the Chinese government has been buying huge tracts of land in foreign countries such as Nigeria and establishing special economic zones in those nations. So could such a thing actually happen in America?
<http://en.wikipedia.org/wiki/Special_Economic_Zones_of_the_People%27s_Republic_
of_China>
<http://www.businessdayonline.com/NG/index.php/analysis/editorial/50460-special-
economic-zones-in-nigeria>
Well, according to Dr.
Jerome Corsi, a plan being pushed by the Chinese
Central Bank would set up "development zones" in the United States that would allow China to "establish Chinese-owned businesses and bring in its citizens to the U.S. to work." Under the plan, some of the $1.17 trillion that the U.S. owes China would be converted from debt to "equity".
<http://www.wnd.com/2013/01/china-poised-to-play-debt-card-for-u-s-land/>
<http://www.wnd.com/2013/01/china-poised-to-play-debt-card-for-u-s-land/>
As a result, "China
would own U.S. businesses, U.S.
infrastructure and U.S.
high-value land, all with a U.S. government
guarantee against
loss." Does all of this sound
far-fetched? Well, it
isn't. In fact, the economic colonization of America is already far more advanced than most Americans would dare to imagine.
So how in the world did we
get to this point? A few decades ago,
the
United States was the unchallenged economic powerhouse of the world and China was essentially a third world country.
So what happened?
Well, we entered into a
whole bunch of extremely unfavorable "free
trade" agreements, and countries such as China began to aggressively use "free trade" as an economic weapon against us.
Over the past decade, we
have lost tens of thousands of businesses
and millions of jobs to China. When the final numbers for 2012 come out, our trade deficit with China for the year will be well over 300 billion dollars, and that will be the largest trade deficit that one country has had with another country in the history of the world.
<http://www.census.gov/foreign-trade/balance/c5700.html>
Overall, the U.S. has run a
trade deficit with China over the past decade
that comes to more than 2.3 trillion dollars. That 2.3 trillion dollars could have gone to U.S. businesses and U.S. workers, and in turn taxes would have been paid on all of that money. But instead, all of that money went to China
<http://www.census.gov/foreign-trade/balance/c5700.html>
. <http://www.census.gov/foreign-trade/balance/c5700.html>
Rather than just sitting on
all of that money, China has been lending much
of it back to us - at interest. We now owe China more than a trillion dollars, and our politicians are constantly pleading with China to lend more money to us so that we can finance our exploding debt.
<http://theeconomiccollapseblog.com/archives/the-sovereign-debt-bubble-will-continue-to-
expand-until-bang-the-system-implodes>
Today, the U.S. government
pays China approximately 100 million dollars
a day in interest on the debt that we owe them. Those that say that the U.S.debt "does not matter" are being incredibly foolish.
So thanks to our massive
trade deficit and our exploding national debt,
China is systematically getting wealthier and the United States is systematically getting poorer.
And now China is starting
to use a lot of that wealth to aggressively
expand their power and influence around the globe.
But isn't it more than a
bit far-fetched to suggest that China may be
planning to establish Chinese cities and special economic zones in America?
Not really.
Just look at what has
already happened up in Canada. It is
well-known
that the Chinese population of Vancouver, Canada has absolutely exploded in recent years. In fact, the Vancouver suburb of Richmond is now approximately half Chinese. The following is an excerpt from a BBC article.
<http://www.bbc.co.uk/news/world-radio-and-tv-18149316>
Richmond is North America's
most Asian city - 50% of residents here
identify themselves as Chinese. But it's not just here that the Chinese community in British Columbia (BC) - some 407,000 strong - has left its mark. All across Vancouver, Chinese-Canadians have helped shape the local landscape.
A similar thing is
happening in many communities along the west coast
of the United States. In fact, Chinese citizens purchased one out of every ten homes that were sold in the state of California in 2011.
<http://www.youtube.com/watch?v=kVSJOPG745M>
But in other areas of the
United States, the Chinese are approaching
things much more systematically.
For example, as I have
written about previously, a Chinese group
identified as "Sino-Michigan Properties LLC" has purchased 200 acres of land near the town of Milan, Michigan. Their stated goal is to build a "China City" that has artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.
<http://endoftheamericandream.com/archives/a-chinese-group-plans-to-construct-
a-200-acre-china-city-in-michigan>
In other instances, large
chunks of real estate in major U.S. cities that
are down on their luck are being snapped up by Chinese investors. Just check out what a Fortune article from a while back says has been happening overin Toledo, Ohio.
<http://finance.fortune.cnn.com/2012/06/20/toledo-china-real-estate/?iid=HP_River>
In March 2011, Chinese
investors paid $2.15 million cash for a restaurant
complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city's Marina District, promising to invest $200 million in a new residential -commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark.
Toledo is being promoted to
Chinese investors as a " 5-star logistics
region". From Toledo it is very easy to get to Chicago, Detroit, Cleveland, Pittsburgh, Columbus and Indianapolis.
<http://finance.fortune.cnn.com/2012/06/20/toledo-china-real-estate/?iid=HP_River>
With a population of
287,000, Toledo is only the fourth largest city in Ohio,
but it lies at the junction of two important highways - I-75 and I-80/90. "My vision is to make Toledo a true international city," Toledo's Mayor Mike Bell told the Toledo Blade.
But some of these deals
appear to be about far more than just making
"investments". According to the Idaho Statesman, a Chinese company known as Sinomach (which is actually controlled by the Chinese government) was actually interested in developing a 50 square mile self-sustaining "technology zone" south of the Boise airport.
<http://www.idahostatesman.com/2010/12/31/1472023/chinese-company-eyes-boise.html>
A Chinese national company
is interested in developing a 10,000- to
30,000-acre technology zone for industry, retail centers and homes south of the Boise Airport.
Officials of the China
National Machinery Industry Corp. have broached
the idea - based on a concept popular in China today - to city and state leaders.
<http://www.idahostatesman.com/2010/12/31/1472023/chinese-company-eyes-boise.html>
The article suggested that
this "technology zone" would be modeled after
similar projects that already exist in China, and that Chinese officials were conducting similar negotiations with other U.S. states as well. Sinomach is not looking only at Idaho.
The company sent
delegations to Ohio, Michigan and Pennsylvania this
year to talk about setting up research and development bases and industrial parks. It has an interest in electric transmission projects and alternative energy as well.
The technology zone
proposal follows a model of science, technology
and industrial parks in China - often fully contained cities with all service included.
Thankfully the deal in
Idaho appears to be stalled for now, but could we
soon see China establish special economic zones in other communities all around America?
The Chinese certainly do
seem to be laying the groundwork for
something. They have been voraciously gobbling up important infrastructure all over the country. The following comes from a recent American Free Press article.
<http://americanfreepress.net/?p=6546>
In addition to already
owning vital ports in Long Beach, Calif. and
Boston,Mass., the <http://www.cosco.com/> China Ocean Shipping
<http://www.cosco.com/>
Company is eyeing major ports on the
East Coast and Gulf of Mexico. China also owns access to ports at the entry and exit points of the Panama Canal.
And due to fiscal woes
plaguing many American cities and states, U.S.
legislators have been actively seeking out Chinese investors. In one of the worst cases, Baton Rouge, La., Mayor Kip Holden offered the Chinese government ownership and operating rights to a new toll way system if the Chinese would provide the funding to build it.
Does it make sense for the
Chinese to own some of our most important
ports? Isn't there a national security risk?
Sadly, there isn't much of
anything that our politicians won't sell these
days as long as someone is willing to flash a lot of cash.
The Chinese have also been
busy buying up important real estate on
the east coast as a recent Forbes article explained..
<http://www.forbes.com/sites/investor/2011/09/15/whats-china-buying-in-the-u-s/>
According to a recent
report in the New York Times, investors from
China are "snapping up luxury apartments" and are planning to spend hundreds of millions of dollars on commercial and residential projects like Atlantic Yards in Brooklyn. Chinese companies also have signed major leases at the Empire State Building and at 1 World Trade Center, the report said. But it is not only just land and infrastructure that the Chinese have been buying up.
They have also been purchasing
rights to vital oil and natural gas
deposits all over the United States. There have been two Chinese companies that have been primarily involved in this effort. The first is the China National Offshore Oil Corporation (CNOOC). According to Wikipedia, CNOOC is 100 percent owned by the Chinese government.
<http://en.wikipedia.org/wiki/China_National_Offshore_Oil_Corporation>
CNOOC Group is a
state-owned oil company, fully owned by the
Government of the People's Republic of China, and the State-Owned Assets Supervision and Administration Commission of the State Council (SASAC) performs the rights and obligations of shareholder on behalf of the government.
The second is Sinopec
Corporation. Sinopec Group is the
largest
shareholder (approx. 75% ownership) in Sinopec Corporation. And as the Sinopec website tells us, Sinopec Group is fully owned by the Chinese government.
<http://english.sinopec.com/about_sinopec/our_company/20100328/8532.shtml>
Sinopec Group, the largest
shareholder of Sinopec Corp., is a
super-large petroleum and petrochemical group incorporated by the State in 1998 based on the former China Petrochemical Corporation. Funded by the State, it is a State authorized investment arm and State-owned controlling company.
So whenever you see CNOOC
or Sinopec, you can replace those
names with the Chinese government. The Chinese government essentially runs both of those companies.
And as you can see from the
following list compiled by the Wall
Street Journal, those two companies have been extremely aggressive in buying up rights to oil and natural gas all over the nation.
<http://blogs.wsj.com/deals/2012/03/06/chinas-footprint-in-us-oil-a-state-by
-state-list/>
Colorado: Cnooc gained a
one-third stake in 800,000 acres in
northeast Colorado and southeast Wyoming in a $1.27 billion pact with Chesapeake Energy Corp.
Louisiana: Sinopec has a
one-third interest in 265,000 acres in
theTuscaloosa Marine Shale after a broader $2.5-billion deal with Devon Energy.
Michigan: Sinopec gained a
one-third interest in 350,000 acres in
a larger $2.5 billion deal with Devon Energy.
Ohio: Sinopec acquired a
one-third stake in Devon Energy's
235,000 Utica Shale acres in a larger $2.5 billion deal.
Oklahoma: Sinopec has a
one-third interest in 215,000 acres
in a broader $2.5 billion deal with Devon Energy.
Texas: Cnooc acquired a
one-third interest in Chesapeake
Energy's 600,000 acres in the Eagle Ford Shale in a $2.16-billion deal.
Wyoming: Cnooc has a
one-third stake in 800,000 acres in northeast
Colorado and southeast Wyoming after a $1.27 billion pact with Chesapeake Energy. Sinopec gained a one-third interest in Devon Energy's 320,000 acres as part of a larger $2.5 billion deal.
Gulf of Mexico: Cnooc Ltd.
separately acquired minority stakes
in some of Statoil ASA's leases as well as six of Nexen Inc.'s deep-water wells.
So why is the U.S.
government allowing this?
That is a very good
question.
For a nation that purports
to be pursuing "energy independence",
we sure do have a funny way of going about things. Unfortunately, the sad truth is that China is absolutely mopping the floor with the United States on the global economic stage. China is rising and America is in an advanced state of decline. Global economic power has shifted dramatically and most Americans still don't understand what has happened.
<http://theeconomiccollapseblog.com/archives/34-signs-that-america-is-in-decline>
The following are 44 more
signs of how dominant the economy
of China has become.
A Chinese firm recently
made a $2.6 billion offer to buy movie
theater chain AMC. (and they did. why the movie RED DAWN was delayed and enemy was changed from China to Koreans!)
<http://money.cnn.com/2012/07/25/investing/china-investing-us/index.htm?iid=
HP_River>
A different Chinese firm
made a $1.8 billion offer to buy aircraft
maker Hawker Beechcraft.
<http://money.cnn.com/2012/07/25/investing/china-investing-us/index.htm?iid
=HP_River>
In December it was
announced that a Chinese group would be
purchasing AIG's plane leasing unit for $4.23 billion.
<http://www.bloomberg.com/news/2012-12-10/chinese-investors-buy-80-of-
aig-plane-unit-for-4-23-billion.html>
It was recently announced
that the Federal Reserve will now
allow Chinese banks to buy up American banks.
<http://www.washingtonpost.com/politics/federal-reserve-grants-first-approva
l-for-chinese-bank-to-purchase-us-bank/2012/05/09/gIQA0VpVDU_story.html>
A $190 million bridge
project up in Alaska was awarded to a
Chinese firm.
<http://abcnews.go.com/US/bringing_america_back/american-infrastructure-jobs-
shipped-china/story?id=14592567>
A $400 million contract to
renovate the Alexander Hamilton
bridge in New York was awarded to a Chinese firm.
<http://abcnews.go.com/US/bringing_america_back/american-infrastructure
-jobs-shipped-china/story?id=14592567>
A $7.2 billion contract to
construct a new bridge between San
Francisco and Oakland was awarded to a Chinese firm.
<http://abcnews.go.com/US/bringing_america_back/american-infrastructure-
jobs-shipped-china/story?id=14592567>
The uniforms for the U.S.
Olympic team were made in China.
<http://www.theatlanticwire.com/global/2012/07/americas-olympic-uniforms-
are-still-made-china/54449/>
85 percent of all
artificial Christmas trees are made in China.
<http://travel.nationalgeographic.com/travel/countries/china-quiz/>
The new World Trade Center tower
is going to include glass
that has been imported from China.
<http://endoftheamericandream.com/archives/new-world-trade-center-tower-to-be-
made-with-glass-from-china-and-steel-from-germany>
The new Martin Luther King
memorial on the National Mall was made
in China.
<http://www.telegraph.co.uk/news/worldnews/asia/china/8715823/Martin-Luther-King-
memorial-made-in-China.html>
In 2001, American consumers
spent 102 billion dollars on products
made in China. In 2011, American consumers spent 399 billion dollars on products made in China.
<http://www.guampdn.com/article/20120813/OPINION02/208130313>
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.
<http://www.census.gov/foreign-trade/Press
Release/current_press_release/ft9
00.pdf>
According to the New York
Times, a Jeep Grand
Cherokee that costs $27,490
in the United States costs about $85,000
in China thanks to all the tariffs.
<http://www.nytimes.com/2011/12/15/business/global/china-imposes-new-tariffs-on-
some-vehicles-from-the-us.html?_r=1>
The Chinese economy has
grown 7 times faster than the U.S. economy
has over the past decade.
<http://www.businessinsider.com/facts-about-china-blow-your-mind-2011-5#chinas-
economy-grew-7-times-as-fast-as-americas-over-the-past-decade-316-growth-vs-43-2>
The United States has lost a
staggering 32 percent of its manufacturing
jobs since the year 2000.
<http://www.prospect.org/cs/articles?article=the_plight_of_american_manufacturing>
The United States has lost
an average of 50,000 manufacturing jobs per
month since China joined the World Trade Organization in 2001.
<http://theeconomiccollapseblog.com/archives/how-can-america-create-wealth-if-our-
industrial-base-is-destroyed-50000-manufacturing-jobs-have-been-lost-every-month- since-2001>
Overall, the United States
has lost a total of more than 56,000
manufacturing facilities since 2001.
<http://www.politifact.com/ohio/statements/2011/nov/07/betty-sutton/betty-sutton-
says-average-15-us-factories-close-ea/>
According to the Economic
Policy Institute, America is losing half a
million jobs to China every single year.
<http://economyincrisis.org/content/trade-deficit-china-could-cost-half-million-jobs>
<http://www.wnd.com/index.php?fa=PAGE.view&pageId=267889>
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.
In 2010, China produced more
than twice as many automobiles as the
United States did.
<http://247wallst.com/2012/01/24/eight-industries-the-u-s-has-lost-to-china/3/>
Since the auto industry
bailout, approximately 70 percent of all GM
vehicles have been built outside the United States.
<http://theeconomiccollapseblog.com/archives/you-will-not-believe-what-some-
people-are-willing-to-do-for-a-paycheck-these-days>
After being bailed out by
U.S. taxpayers, General Motors is currently
involved in 11 joint ventures with companies owned by the Chinese government. <http://www.youtube.com/watch?v=Lvl5Gan69Wo&feature=youtu.be>
The price for entering into
many of these "joint ventures" was a transfer
of " state of the art technology" from General Motors to the communist Chinese.
<http://www.youtube.com/watch?v=Lvl5Gan69Wo&feature=youtu.be>
24. Back in 1998, the
United States had 25 percent of the world's
high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China's share had soared to 20 percent.
<http://www.economyincrisis.org/content/us-falling-behind-china-high-tech-manufacturing>
The United States has lost more
than a quarter of all of its high-tech
manufacturing jobs over the past ten years.
<http://www.washingtonpost.com/business/economy/us-losing-high-tech-manufacturing-
jobs-to asia/2012/01/17/gIQA9P1S6P_story.html>
China's number one export
to the U.S.is computer equipment.
<http://www.huffingtonpost.com/clyde-prestowitz/america-needs-a-new-globa_b_
557131.html>
The number one U.S. export
to China is "scrap and trash".
<http://politics.usnews.com/opinion/blogs/jodieallen/2010/3/3/americas-biggest-
trade-export-to-china-trash.html>
The U.S. trade deficit with
China is now more than 28 times larger
than it was back in 1990.
<http://www.census.gov/foreign-trade/balance/c5700.html>
Back in 1985, the U.S.
trade deficit with China was just 6 million
dollars for the entire year.
<http://www.census.gov/foreign-trade/balance/c5700.html>
For the month of November
2012 alone, the U.S. trade deficit
with China was 28.9 billion dollars.
<http://www.census.gov/foreign-trade/balance/c5700.html>
China now consumes more
energy than the United States does.
<http://www.atimes.com/atimes/Middle_East/LL07Ak01.html>
China is now the leading
manufacturer of goods in the entire world.
<http://economyincrisis.org/content/china-takes-crown>
China uses more cement than
the rest of the world combined.
<http://www.businessinsider.com/facts-chinese-consumption-2011-5>
China is now the number one
producer of wind and solar power on
the entire globe.
<http://www.economyincrisis.org/content/us-falling-behind-china-high-tech-
manufacturing>
Today, China produces nearly
twice as much beer as the United
States does.
<http://247wallst.com/2012/01/24/eight-industries-the-u-s-has-lost-to-china/3/>
Right now, China is
producing more than three times as much coal
as the United States does.
<http://247wallst.com/2012/01/24/eight-industries-the-u-s-has-lost-to-china/3/>
China now produces11 times
as much steel as the United States does.
<http://blogs.forbes.com/beltway/2011/02/14/intelligence-community-fears-u-s-
manufacturing-decline/>
China produces more than 90
percent of the global supply of rare
earth elements.
<http://phys.org/news/2012-07-china-stockpiling-rare-earths.html>
China is now the number one
supplier of components that are critical
to the operation of U.S. defense systems.
<http://www.bloomberg.com/news/2010-09-29/pentagon-losing-control-of-
afghanistan-bombs-to-china-s-neodymium-monopoly.html>
A recent investigation by
the U.S. Senate Committee on Armed
Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.
<http://www.shtfplan.com/headline-news/national-security-threat-over-1-milli
on-counterfeit-chinese-parts-discovered-in-defense-department-supply-chain_0
5222012>
15 years ago, China was
14th in the world in published scientific
research articles. But now, China is expected to pass the United States and become number one very shortly.
<http://www.guardian.co.uk/science/2011/mar/28/china-us-publisher-scientific
-papers>
China now awards more doctoral
degrees in engineering each
year than the United States does.
<http://www.washingtonpost.com/business/economy/us-losing-high-tech-
manufacturing-jobs-to-asia/2012/01/17/gIQA9P1S6P_story.html>
According to one study, the
Chinese economy already has roughly
the same amount of purchasing power as the U.S. economy does.
<http://www.iie.com/realtime/?p=1935>
43. According to the IMF,
China will pass the United States and
will become the largest economy in the world in 2016.
<http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-
end-2011-04-25?link=MW_home_latest_news>
44. Nobel economist Robert
W. Fogel of the University of Chicago
is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040 if current trends continue.
<http://www.marketwatch.com/story/goldman-conspiracy-helps-china-beat-us-
2010-09-14?reflink=MW_news_stmp>
Without the
"globalization" of the world economy, none of this
would have ever happened. But instead of admitting our mistakes and fixing them, our politicians continue to press for even more "free trade" and even more integration with communist nations such as China.
In fact, according to Dr. Jerome Corsi, the U.S.
government has
already set up 257 "foreign trade zones" all over America. These "foreign trade zones" are apparently given "special U.S. customs treatment" and are used to promote "free trade".
<http://www.wnd.com/index.php?fa=PAGE.printable&pageId=257721>
Corsi noted that the U.S.
government has created 257 foreign trade
zones, or FTZs, throughout the United States, designed to extend special U.S. customs treatment to U.S. plants engaged in international-trade-related activities.
The FTZs tend to be located
near airports, with easy access into the
continental NAFTA and WTO multi-modal transportation systems being created to move free-trade goods cheaply, quickly and efficiently throughout the continent of North America.
"There is nothing in
the U.S. government's description of FTZs that
would prevent a foreign government, like China, from operating a shell U.S. company that is in reality owned and financed by the Chinese government and operated through a Chinese government-owned corporation," Corsi wrote.Sadly, we are probably going to see a whole lot more of this in the years ahead.
According to Corsi, a professor
of economics at Tsighua University
in Beijing named Yu Qiao has suggested the following plan as a way to transform the debt that the United States owes China into something more "tangible".
<http://www.wnd.com/2013/01/china-poised-to-play-debt-card-for-u-s-land/>
1.China would negotiate
with the U.S. government to create a "crisis
relief facility," or CRF. The CRF "would be used alongside U.S. federal efforts to stabilize the banking system and to invest in capital-intensive infrastructure projects such as high-speed railroad from Boston to Washington, D.C.
2.China would pool a
portion of its holdings of Treasury bonds under
the CFR umbrella to convert sovereign debt into equity. Any CFR funds that were designated for investment in U.S. corporations would still be owned and managed by U.S. equity holders, with the Asians holding minority equity shares "that would, like preferred stock, be convertible."
3.The U.S. government would
act as a guarantor, "providing a sovereign
guarantee scheme to assure the investment principal of the CRF against possible default of targeted companies or projects".
4.The Federal Reserve would
set up a special account to supply the
liquidity the CRF would require to swap sovereign debt into industrial investment in the United States.
Apparently the Bank of
China really likes this plan and would like to see
something like this implemented.
In the years ahead, perhaps
many of you will end up working in a
"special economic zone" for a Chinese company on a project that is being financially guaranteed by the U.S. government.
If that sounds like a form
of slavery to you, the truth is that you are
probably not too far off
the mark.
The borrower is the servant
of the lender, and we should have never
allowed ourselves to get into so much debt.
<http://theeconomiccollapseblog.com/archives/category/u-s-government-debt>
Now we will pay the price.
To get an idea of how much
the world has changed in recent years,
just check out this incredible photo which contrasts the decline of Detroit over the years with the amazing rise of Shanghai, China.
<http://www.thedeathofamerica.org/images/shanghai-detroit.jpg>
Things did not have to turn
out this way. Unfortunately, we made
decades of incredibly foolish decisions and we wrecked the greatest economic machine that the world has ever seen.
Now the future for America
looks really bleak. Or could it be that I am
being too pessimistic? |
Source: Dr. Corsi, January
23, 2013 9:40 am
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Comments:
Remember the NAFTA debate, Ross Perot’s “great sucking sound”
of jobs leaving the U.S. and being told that NOW we were entering
the “Information Age” ? As we suspected, the information wasn’t good.
We were about to lose our economic base…and now it’s gone and we’re
living on our credit card. The next step is “Mom’s basement”. Whoever
took over after Reagan sure screwed it up. We need to remember this
one if we ever get our government back.
of jobs leaving the U.S. and being told that NOW we were entering
the “Information Age” ? As we suspected, the information wasn’t good.
We were about to lose our economic base…and now it’s gone and we’re
living on our credit card. The next step is “Mom’s basement”. Whoever
took over after Reagan sure screwed it up. We need to remember this
one if we ever get our government back.
A good rule of thumb for electing new representatives would
be: No Ivy
leaguers and nobody who spent any time in government from 1990 to
present. We’ve been sold ‘down the river’ and we’re almost at the falls.
leaguers and nobody who spent any time in government from 1990 to
present. We’ve been sold ‘down the river’ and we’re almost at the falls.
Norb Leahy, Dunwoody GA Tea Party Leader
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