the world’s number one debtor nation, a country which relies on the inflow of foreign capital to support its economic prosperity, the United States, would definitely have . . . heavy economic losses. Such an outcome would certainly be better than a military strike

Washington in 1796:

  • “Against the insidious wiles of foreign influence (I conjure you to believe me, fellow-citizens) the jealousy of a free people ought to be constantly awake.”

Beijing in 1999:

  • “. . . the world’s number one debtor nation, a country which relies on the inflow of foreign capital to support its economic prosperity, the United States, would definitely have . . . heavy economic losses.  Such an outcome would certainly be better than a military strike.”

Washington in 1796:

  • “There can be no greater error than to expect or calculate upon real favors from nation to nation.  It is an illusion, which experience must cure, which a just pride ought to discard.”

2014:

“China looks to the US for low-end manufacturing”

[SCMP link -- August 11, 2014]

  • Rising labour costs have led mainland suppliers to set up manufacturing in America.  Chinese investment in the United States manufacturing sector is speeding up as the mainland’s cost advantage has been eroded, given increasingly abundant energy resources from the shale oil boom in the US.

“U.S. Net International Investment Position”

www.bea.gov/newsreleases/international/intinv/2014/pdf/intinv114.pdf

  • The U.S. net international investment position at the end of the first quarter of 2014 was -$5,539.3 billion (preliminary) as the value of U.S. liabilities exceeded the value of U.S. assets.

“China to raise natural gas prices”

[Xinhua link -- August 12, 2014]

  • China will raise the wholesale price of natural gas for non-residential use by 20.5 percent from Sept. 1, the second step in overall energy price reform.

“Automakers lower prices following monopoly concerns”

[China Daily link -- July 29, 2014]

  • “Cutting prices is a business act, and the government welcomes it.  Price cutting is one of their remedial measures.  If they lower the prices to a reasonable level, that means they are sincere.” — Xu Kunlin, director of the Bureau of Price Supervision and Anti-Monopoly under the National Development and Reform Commission

“Chinese company Shandong Yuhuang Chemical to build $1.85 billion complex in St. James Parish”

www.nola.com/business/index.ssf/2014/07/chinese_company_yuhuang_chemic.html

  • Most of the methanol will be shipped by ocean vessel to China for use in Shandong Yuhuang’s other chemical operations, the company said.  About 20 to 30 percent will be sold to North American customers and shipped by river barge and rail.

“China’s Shandong Tranlin to invest $2 bln in U.S. plant”

www.reuters.com/article/2014/06/18/usa-shandongtranlin-paper-idUSL2N0OZ0PA20140618

  • China’s Shandong Tranlin Paper Co Ltd will invest $2 billion in a paper and fertilizer plant in Virginia.

“PotashCorp Markets & Industries, Fertilizer, China”

www.potashcorp.com/investors/markets_industries/fertilizer

  • China uses more fertilizer than any other country accounting for approximately 30 percent of world consumption.
  • Per capita renewable water and land resources are well below global average levels.
  • Domestic consumption of meat has risen nearly seven-fold in 30 years, while fruit and vegetable consumption is nearly 10 times what it was 30 years ago.
  • China is becoming increasingly reliant on grain imports.

“Chinese paper company to set up shop in Richmond suburbs”

www.washingtonpost.com/local/virginia-politics/chinese-paper-company-to-set-up-shop-in-richmond-suburbs/2014/06/18/d61f569c-f6fe-11e3-a606-946fd632f9f1_story.html

  • “I believe that China has made a concerted decision to spend billions of dollars outside of mainland China, to invest in the United States of America,” [Governor] McAuliffe said.  “I think that’s a strategic geopolitical decision they’ve made.  And if they’re going to be spending billions of dollars in the United States of America, we want those dollars to be spent here in the Commonwealth of Virginia.”

“Germany’s Aichele to build $2 million manufacturing plant in Gastonia”

www.bizjournals.com/charlotte/blog/outside_the_loop/2014/08/germany-s-aichele-to-build-manufacturing-plant-in.html

  • Aichele says it decided to open the U.S. plant in an effort to collaborate with new U.S. customers.  The company makes machines that cut, mill or drill in the nonwovens, paper and other industries.

“BMW Latest to Cut Spares Prices in China Amid Antitrust Probe”

www.bloomberg.com/news/2014-08-08/bmw-latest-to-slash-prices-in-china-amid-antitrust-probe.html

  • The NDRC [National Development and Reform Commission] is undertaking the investigation to protect the competitive order of the auto industry and to safeguard consumer interests,” Li said at this week’s briefing.  The commission has completed an investigation into 12 Japanese companies and will soon announce the actions it will take, he said.

“The great rule of conduct for us in regard to foreign nations is in extending our commercial relations, to have with them as little political connection as possible.”

– George Washington in 1796

 

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1116] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

How can any democratic political system perform adequately if so many of its designated watchdogs are such unmistakable know-nothings?

Is the long-term goal of the Communist Party of China still world communism?

Yes, of course, that is the reason we exist.*

“George Will’s Breathtaking Ignorance on Immigration and Trade”

www.alantonelson.wordpress.com/2014/08/11/whats-left-of-our-economy-george-wills-breathtaking-ignorance-on-immigration-and-trade

  • How can any democratic political system perform adequately if so many of its designated watchdogs are such unmistakable know-nothings?

“Koch Brothers Reach Out To Hispanics”

www.bigstory.ap.org/article/koch-brothers-reach-out-hispanics

  • Enter the Libre Initiative, an organization that has collected millions from the Kochs’ political network.

“China in Africa: how Sam Pa became the middleman”

www.ft.com/intl/cms/s/2/308a133a-1db8-11e4-b927-00144feabdc0.html

  • The group is in business with BP, Total and the commodity trader Glencore; it boasts interests stretching from Indonesian gas and oil-refining in Dubai to luxury apartments in Singapore and a fleet of Airbus jets; it is active in North Korea and Russia.  It comprises a web of private and offshore companies underpinning two main enterprises: China Sonangol, which is principally an oil company (although it also owns the former JPMorgan building opposite the New York Stock Exchange on Wall Street) and China International Fund, an infrastructure and mining arm, whose flag flies above the entrance to Luanda’s golden skyscraper.  To resource industry insiders who have encountered it, Pa’s multinational operation is both a “ghost” and “a heck of an empire.”
  • According to a person who has been close to African intelligence agencies and arms dealers for years and who asked not to be identified, Pa was working for the external branch of Chinese intelligence as early as the 1980s.  This person recalls encountering Pa during this period, while he was operating under another name.  “All his life he’s worked in Chinese intelligence,” this person says.  “Sam is a big player in arms in Africa.  Oil, diamonds and weapons go together.  Everyone who was in intelligence at that time, they went into business.”

“Audi faces colossal fines for monopoly”

[China Daily link -- August 8, 2014]

  • Li Pumin, spokesman for the National Development and Reform Commission (NDRC), said yesterday that the Chrysler investigation launched by the Shanghai Municipal Development and Reform Commission and the Audi probe conducted by the Hubei Province Price Bureau are drawing to an end.  The two multinational carmakers were found to be pursuing monopolistic practices and will be punished, according to Li.

“China’s anti-monopoly policy benefits all market players”

[Xinhua link -- August 11, 2014]

  • China’s market regulator launched separate anti-monopoly probes into foreign businesses a few months ago and announced on Wednesday that it would punish giants including Microsoft Corp., Apple, Chrysler and Audi for their monopolistic practices.
  • China is a late starter in terms of anti-monopoly.  It launched the law as it is the inexorable requirements for a socialist market economy.  But China is rapidly reaching the world day by day and a fairer, more competitive and orderly market must be formed eventually, they believe.

*See:

Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 to Date notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

– and be part of the solution.

Stay away from sick people.
www.facebook.com/BobHall2016
E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1115] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

We can do better than this.

The first thing we do, let’s kill all the bankers?

OK, maybe it’s not the worst idea, but how is this supposed to help us if we just keep buying stuff from China?  We need industry.  By producing and consuming our own goods, we can generate enough new wealth to pay for everything we need.

We need a healthy, well-educated, and happily prosperous workforce to create new wealth and to compete in the Asian century.

How is this a bad idea?

“When Pornography Pays for College”

www.chronicle.com/article/When-Pornography-Pays-for/147987

  • When Weeks giggles, Jimmy says something like, I hate your giggle.  A male porn actor joins Weeks.  She is slapped, spit on, choked, called fat, made fun of for scars on her thighs from where she cut herself a few years earlier, and forced to have sex.  Her eyes roll back in her head.  She gags.  She weeps.  She begs the guy to stop, and he doesn’t.  Off-camera, Jimmy says he can see the misery in her eyes, which is, he says, what she said she liked seeing in other porn actors’ faces.
  • So many students have turned to sex work that it has become a kind of a joke.  But [Weeks] is something new: a face of what you might call fourth-wave feminism, a generation of angry young women who have come of age in a pornified, financially devastated century.
  • Weeks’s essay in Time last month, about the prohibitive cost of college, written a few days after she learned that Duke had cut off her financial aid (she most likely earns too much to be considered for grants and loans), supposedly announced her seriousness as a pundit.  But her ideas are confused, and not just because she takes the libertarian point of view that colleges should stop borrowing from the government.  Like Howard Roark in The Fountainhead (which a fan sent her after her essay appeared), she seems to argue that education should be for the privileged few.  “Not every child should go to college,” she writes, apparently forgetting that she has distorted her life for the right to do just that.

We can do better than this.

We are better than this.

www.facebook.com/BobHall2016

E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1114] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

Be part of the solution, not the problem.

Important:

  • Be part of the solution, not the problem.
  • Support the economy, the country, and the place you live in.

If we “can only afford to shop at Walmart” — that is, to buy cheap imported goods — it is because we have shopped at Walmart — that is, we have starved and sickened our own real economy.

The more we buy imports — any imports — the more we can only buy — access or afford — cheap imports.

I hear this from people every day:

“Crack cocaine costs nine dollars.  Real food costs ten dollars.  I can only afford to buy crack cocaine.”

It can be practical to understand the difference between “cause” and “effect.”

Here are some links for you.  Because economics is — or it could be — the social science of absolutely everything:

“Mother Freedom”

www.motherfreedom.com

  • When legendary author Herman Melville set out to begin the novel that would eventually become “Moby Dick,” he drew upon his years on a whaling ship, a ship known as the Acushnet that started its journey from the port of New Bedford in 1841.  Five years later, the city opened its first manufacturing mill for cotton cloth in 1846, and by 1920, New Bedford had built a workforce of nearly 50,000 highly-skilled craftsmen.  The quality and quantity of the production of fine goods through New Bedford’s past was the ultimate draw when we began looking for the birthplace of MOTHER FREEDOM.  At the core of New Bedford’s manufacturing is a community of Portuguese sewers whose expertise and skill, passed down through generations, has enabled MOTHER FREEDOM to call New Bedford home.  We take great pride in New Bedford and its surroundings, as have former residents such as Herman Melville and noted freedom fighter Frederick Douglass.  The city, its people, and rich textile history have all been driving inspirations during the development of our product.

“The War Photo No One Would Publish”

www.theatlantic.com/features/archive/2014/08/the-war-photo-no-one-would-publish/375762

  • “If we’re big enough to fight a war, we should be big enough to look at it.”
  • The scenes . . . were also invisible to viewers in the United States, despite the rise of 24-hour reporting during the conflict.  Gulf War television coverage, as Ken Burns wrote at the time, felt cinematic and often sensational, with “distracting theatrics” and “pounding new theme music,” as if “the war itself might be a wholly owned subsidiary of television.”

War is a wholly owned subsidiary of television.  Television is a wholly owned subsidiary of war.  Both are wholly owned subsidiaries of something else.

Never in history has a war been more destructive than this post-war World War against the U.S. economy.

Never in history has a war recruited so many traitors.
www.facebook.com/BobHall2016
E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1113] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

Support the economy, the country, and the place you live in.

Support the life you live in.

This is another way of saying that unless you live in [. . .], supporting [. . .] by spending your money on [. . .]-made goods and services is not a good idea.

“Support The Life You Live In” is easy to remember, however, and makes a nice refrigerator magnet or tattoo.

“China plans establishment of Christian theology”

[China Daily link -- August 7, 2014]

  • China will continue to promote the development of Christian theology and establish a Chinese Christian theology, a top religious affairs official said on Tuesday.  “Over the past decades, the Protestant churches in China have developed very quickly with the implementation of the country’s religious policy.  In the future, we will continue to boost the development of Christianity in China,” said Wang Zuoan, director of the State Administration for Religious Affairs.  Wang said Chinese Christian theology should be compatible with the country’s path of socialism.  “The construction of Chinese Christian theology should adapt to China’s national condition and integrate with Chinese culture,” Wang said at a seminar on the Sinicization of Christianity in Shanghai.
  • A five-year campaign to promote Christian theology in China, launched in 2013, will provide theological guidance for church rostrums in China and will promote the positive and correct ideological thinking with a range of publications, exchanges, discussions and evangelism.  The theological exchange campaign encourages more pastors, priests, believers and church volunteers to extract morals that are in line with the trend of the times from the Bible and other religious doctrines, said Gu Mengfei, deputy secretary-general of the National Committee of the Three-Self Patriotic Movement of the Protestant Churches in China.  “This will encourage more believers to make contributions to the country’s harmonious social progress, cultural prosperity and economic development,” Gu said.

“China regulates instant messaging services”

[Xinhua link -- August 7, 2014]

  • Users shall abide by laws and regulations, the socialist system, national interests, the legitimate rights and interests of citizens, public order, social morality and ensure the authenticity of the information they provide, the regulation states.  Meanwhile, providers of instant messaging services shall be responsible for their safe operations, protection of users’ personal information and citizens’ privacy, be subject to public supervision and handle illegal information in a timely manner.

China to Form Two Rare Earth Metals Conglomerates”

[Caixin link -- August 7, 2014]

  • China’s government has approved the creation of two regional monopolies in the rare earth metals industry.  The mergers, to take place by the end of this year, are the latest example of state-driven consolidation in the industry.
  • China has nearly 40 percent of the world’s reserves of rare earth metals, but meets about 90 percent of global demand.  The 17 elements are used in industrial, military and high-tech products, such as smartphones, wind turbines, hybrid-car batteries and laser-guided weapons.  Other countries have been stepping up production in recent years to lessen dependence on Chinese production.  China has tightened its exports using a quota policy, arguing that the restrictions are for environmental protection reasons.
  • The two groups, one in the north and one in the south, will implement the government’s quantity-control plan for rare earth mining, an industry source said.  The move will help the country maintain its pricing power for rare earth products because it might stop its export quota policy after the WTO ruling, an industry source told China News Service.
  • In July, the industry ministry and the Ministry of Finance put forward a plan to provide capital support for the industry, with policies such as offering rewards to companies that pass environmental examinations.  The government is also setting up a rare earth metals reserve plan, with a scale expected to exceed 10,000 tons.  Under the plan, the purchase price would be higher than the market price, and the added demand could stimulate the market, the China Securities Journal quoted an industry source as saying.

For the month of June 2014, our United States lost $11,596.45 per second in “trade” with the PRC/CCP/PLA.  The People’s Republic of China, Chinese Communist Party, and People’s Liberation Army are all three one and the same.

Support the life you live in.

Support the economy, the country, and the place you live in.
www.facebook.com/BobHall2016
E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1111] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender

The reader is respectfully encouraged to compare the trade, GDP, and unemployment reports.

“Think about it.  Traitorous American retailers serving as (temporary) middlemen for the People’s Republic of China operate by taking their cut and turning the rest of your money over to the People’s Republic of China.” — FFC #1091, “Christians at Walmart, Men in America”

Deindustrialization and Death:

“U.S. International Trade in Goods and Services — June 2014″

www.census.gov/foreign-trade/data

  • “The Nation’s international trade deficit in goods and services decreased to $41.5 billion in June from $44.7 billion in May (revised), as exports increased and imports decreased.”

“U.S. Trade in Goods, NOT Seasonally Adjusted, Total Census Basis”

  • Total Exports: up +0.1 of 1 percent from May
  • Total Imports: down -1.4 percent from May
  • Imports of Energy-Related Petroleum Products, Including Crude Oil: down -4.9 percent from May
  • Deficit: down -4.8 percent to $58,875,000,000
  • Deficit with China: up +4.5 percent to +30,058,000,000 — 51 percent of our total — $11,596.45 per second

The reader is respectfully encouraged to compare the trade, GDP, and unemployment reports.

The reader is respectfully encouraged.
www.facebook.com/BobHall2016
E-mail: DollarToTheGiant@Gmail.com for Fear-Fallen Children: “Dollar to the Giant” Chronicles & Comments June 2008 [#1] to Date [#1110] notably resisting America’s Shift from Wealth Creation to Wealth Transfer and Surrender