Mrcauser’s Weblog

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We don’t make anything worth buying….

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We were sold down the river by Clinton and the Republicans. We told them “free trade” was a ripoff of the American working stiff. We were right. Now we pay. And pay.

Then pay some more.

Escape The New Great Depression

China’s policies are destabilizing the global economy to the benefit of China. Currently China purchases only one dollar worth of goods from us for every four dollars it sells us. Even Japan is only at a two to one ratio vs China’s four to one ratio. Additionally, China has horrific working conditions for little pay. The time has come for the U.S. to tell China the free ride to development is over. Not only must China begin to import more goods, but it must also begin to improve working conditions and raise workers pay. If this costs it some exports, then so be it. There is a direct link to the debt crisis in the West and China’s flooding Western market with cheap goods based on a manipulated currency on the back of all but slave labor. Workers in the West that are forced to compete are being forced to take big pay cuts. Less income reduces their ability to pay their debts.

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Written by mrcauser

September 4, 2010 at 4:36 pm

Posted in Uncategorized

One Response

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  1. I keep seeing all these gloomy blog predictions about the decline and fall of the U.S. economy and the ascendency of China. Yet I don’t see anyone proposing realistic options to staunch the bleeding of our American economy. At my blog, Hijack Your Future, I’m running a five-week series on how we could all work to keep America strong and I invite your feedback as we shift our focus from problem to solutions. The game ain’t over yet! http://www.hijackyourfuture.com

    TanneryWealth

    March 21, 2011 at 3:41 pm


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