"He who restrains his appetite avoids debt" - Chinese proverb
East will never meet the West of Adam Smith. China never had a culture or tradition of respecting individual human rights. Why would anyone assume that a regime which houses worker slaves in huge chicken coops would adopt a fair-trade economy? The Chinese juggernaut is a creature of Western creation. The Red Dragon never reflects the noble contributions of wealth development that grew a stable middle class and spread the fruits of democratic principles. The Chinese model is a harbinger of the global gulag and the coerced society designed to demolish cherished Western Civilization values and liberties. The masters of political confrontations have found a better way than waging world wars for imposing their planetary dominance.
"In reality, the real problem that the U.S. government has with China is two-fold: China's growth is pushing aside U.S. influence/power all over the world, which has negative influence on the profits of U.S. corporations, which are losing contracts to Chinese companies.
In response, the U.S. is provoking China in the media and militarily, encircling China by arming U.S. allies in the region, especially India, Japan and South Korea. Hillary Clinton responded to this allegation by denying it, while the Obama administration immediately contradicted her by its actions."
Internationalism is the curse of America. A full-scale war is not an option. The eminent Richard Russell succinctly states, "China wants to be the most powerful financial power on the planet. Note that I said China wants to be a 'financial power,' not a military power. Militarily, China simply wants to neutralize the US, and be on a military level with the US. China knows that nobody can win the next major war between super-powers (both sides would be utterly destroyed)". China is no friend of our country.
However, the proponents of free trade deliberately conspired to ruin the domestic economy in order to replace free enterprise with a corporate/state substitute. If you doubt this assessment, review 25 Facts That Prove That China Is Kicking Our Rear Ends. Ask if these circumstances are an accident or is it part of a well-designed plan?
"China is becoming a principal global investor. In so doing, it is entrenching itself as an engine of growth for the future, which has an added effect of laying the groundwork for its own currency to take a central role in the new relationships being developed.
At the heart of China's global initiative is China Development Bank; counterpart to the U.S. Federal Reserve Bank. However, unlike the private Federal Reserve, China's investment bank is firmly under state control, not the other way around, allowing it to openly invest domestically and abroad, while integrating coherent government policy decisions. Its investment strategy is rooted in entering a market where they can "buy up low-priced (financial) assets".
"China's huge accumulation of US dollars gives it the sway to lead the United States by the nose like a sheep to slaughter, holding in its hands the power to decide the economic destiny of the now collapsing American empire. The culmination of this process moved a step closer this week when Hu Jintao made it clear that China was preparing to sharpen the knife for the bloodletting to begin, by deriding the dollar as a "product of the past" and signaling its replacement with a new global monetary system based around the Chinese yuan."
"As Constantine Menges wrote in China: The Gathering Threat, 'In the traditional Chinese view, the world needs a hegemon -- or dominant state -- to prevent disorder. The communist Chinese regime believes China should be that hegemon.' Traditionally, the Chinese communists have cloaked their hegemonic ambitions under the guidance of the late Deng Xiaoping to 'keep a cool head and maintain a low profile. Never take the lead--but aim to do something big'."
"China is racing to be the number one economic world power and the U.S. is retreating from that position, slowly but surely. Each day, the power of the U.S. to dominate or even influence China falls slightly. Each day the power of China to influence and eventually dominate the global economy grows. At this moment in time China owns around half of U.S. Treasuries. They are already in a position to hurt the U.S. very badly, should they want to. But it is not in the interests of China to do that. China is empire-building and doesn't want to be distracted from that. They appear to be on a winning road already. China is on the rising road and will soon pass the U.S. going the other way".
Free Trade is a sham. The World Trade Organization is an instrument of global exploitation. According to the National Labor Law of January 20, 1934, the National Socialist state exerted direct influence and control over all business employing more than twenty persons. This record is pale in comparison to the Chinese practice of corporate sweatshops. A tabloid by the Solidarity Federation, The Catalyst, reports. "The high-profile suicides at Foxconn, who make iPhones for Apple, were merely the tip of the iceberg. There, angry workers rioted over sweatshop conditions, chanting "capitalists kill people" and brandishing pictures of the CEO of Foxconn, Terry Gou." The transnational corporations, who eagerly support repressive regimes, easily adopt the communist methods of the Cultural Revolution.
Americans need to place the blame where it belongs; namely, the World Trade Organization proponents that seek to destroy our independence as a sovereign nation. Interdependence is a formula for global tyranny, using the Chinese model to herd the sheeple into their consumer version of an opium addiction. The British Empire contained China for over a century. Now China wants revenge using indebtedness as the reprisal drug. Yet the tangible supplier of the dependency affliction is the central bank monopolies. The new world colonies had better learn the lesson of the Chinese proverb "A good debt is not as good as no debt."