USA Loses In An Economics War And Is Now A Defeated and Conquered Nation with a destroyed industrial infrastructure, forced to live on imports and on credit from anyone who will offer it. Here is how it happened:
Americans have been defeated in an economics war with consequences as meaningful and damaging as if having lost a military war. Strangely, the citizens do not feel the pain and economic destruction to the same extent as a perilous military defeat. Americans are oblivious to how this defeat happened and how it is affecting them, going about their merry way, living well in passive and painless submission, on borrowed money and cheap imports from China and Japan.
China and Japan each operate their economies as one huge business that is done first-and-foremost for the best interest of their countries. Functioning with a unique, effective and a most-creative system of guided and managed capitalism, their economies are set up to destroy any competitive economy that stands in their way.
These two nations may have a handful of rich entrepreneurs, but no one makes money at the expense or the well-being of their country. The economies of China and Japan are planned, guided and nurtured where necessary, with defined goals – for the benefit of their countries.
Witness Japan. From the ashes of the bombings in 1945, to today, after 63 years, Japan is now one of the world’s most productive nations. The country has accomplished this feat with only 4 percent of America’s land mass, 40 percent of America’s total population and no natural resources.
With far less people, land and resources, Japan has an $80 billion yearly balance-of-trade surplus with the U.S. It has the second largest current account surplus next to China and has accumulated $1.2 trillion during the last 20 years while currently lending America $517.2 billion. Per capita, Japan now out produces all other nations while paying the world’s highest wages.
Americans should take note of Japan’s ability to rise from a tattered-and-torn nation, with a third-world country status, to one of the world’s most powerful countries. China and Japan operate their economies in a war-like fashion to destroy their competitors, strategically backing Americans into an increasingly impossible corner. These countries have now become America’s foremost bankers, which gives them leveraged advantage as our fiercest competitors. The U.S. cannot compete with these two global competitors, China and Japan.
It is impossible for Americans to compete with next-to-nothing Chinese wage rates, coupled with China's excellent technology. Japan demonstrates unparalleled strength through its superior capital and knowledge intensive manufacturing sector. Both nations have completely knocked the U.S. out of many of the industries the U.S. originally founded.
America’s TV manufacturing industry is 100 percent foreign owned, the sound recording industry is 97 percent foreign owned, and the motion picture industry is 75 percent foreign owned, with Japan controlling many of these individual companies. Foreigners own 79 percent of the commodity, contracts, dealings and brokerage business.