How corporate America (financed by big banks) brought down the U.S.A.
General Motors (GM) was not first bailed out by U.S. taxpayers in 2008. GM was first bailed out during World War II - to the tune of $285 billion. Since 1784 to the present, American companies have had long relationships with China - and they have sacrificed American lives (soldiers and domestic workers) and national treasure in pursuit of company profits, and hid behind the ideology of American capitalism.
1941 to 1945 - World War II
U.S.A. backs China
During World War II (1941-1942) President Franklin D. Roosevelt (by either executive order, or an wink and a nod) approved 99 American pilots to be discharged from the U.S. armed services to volunteer as "mercenaries" to fight for the Chinese. America provided these fighter pilots with Curtiss P-40 fighter airplanes and the squad (AVG) was known as the "Flying Tigers." The aircraft were painted with a large shark face on the front. This group of volunteers had been created to help defend China against Japanese imperialism. These American pilots were paid $675 a month (almost $10,000 a month in today's dollars...enough to buy a new Ford sedan at that time). Gregory "Pappy" Boyington was but one of these notable pilots, and was discharged from the AVG in 1942 to return to active duty with the U.S. He went on to command the "Black Sheep" Squadron and was awarded the Medal of Honor.
China opposes Taiwan
At the end of World War II, Japan renounced all claims to sovereignty over its former colonial possession, Taiwan, but did not specify to whom Taiwan should be assigned. This fact and subsequent handling of Taiwan's sovereignty by the Allies of World War II led to the complex and unresolved issues of the legal and political status of Taiwan today. The Republic of China acquired Taiwan from the Empire of Japan as a result of World War II and has has been governed by the Republic of China since 1945. Four years later, the Republic of China lost mainland China in the Chinese Civil War to the Mao Communists (and then became the "People's Republic of China" or PRC), and the original supporters of the Republic of China (America's allies during the war), retreated to the island of Taiwan.
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