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21 Reasons Why Donald Trump Is Right – China Is Just Ripping This Country Like Nobody Has Ever Ripped Us Before

Earlier this week, an interview with Donald Trump on Fox & Friends made headlines all over the world.  During that interview, Trump stated that he was “absolutely thinking about” running for president in 2012.  But what didn’t get as much attention is why Donald Trump is so motivated to possibly run for president.  It turns out that Donald Trump is horrified by how China (and other nations as well) are absolutely taking advantage of the United States in global trade.  Trump put it this way during the interview: “China is just ripping this country like nobody has ever ripped us before.”  And you know what?  Donald Trump is absolutely right about this.  You see, China has been openly manipulating its currency for years and years so that their products are far cheaper than those produced in America.  This has put entire industries out of business in the United States.  Not only that, but China also openly subsidizes many of their industries, thus giving them a competitive advantage over U.S. businesses and our government does nothing about it.  In addition, China has exploited the fact that they allow their workers to be paid near slave labor wages to attract thousands upon thousands of factories and manufacturing facilities to their shores.  China dumps massive amounts of cheap goods on our shores while openly discriminating against many U.S. good and services.  This kind of unfair trade has enabled the Chinese government to pile up hundreds of billions of dollars in excess currency reserves which it ends up lending back to the U.S. government.  Basically, China is running a massive scam on us and is getting tremendously wealthy in the process.

The following video contains the interview with Donald Trump on Fox & Friends where he announces that he is considering a run for the presidency and where he expresses his deep concerns about China….

Sadly, Donald Trump is not exaggerating one bit when he says that China is ripping this country like nobody has ever ripped us before.  What they are getting away with is absolutely mind blowing when you really stop and think about it….

#1 China has been manipulating their currency for years.  It is estimated that the Chinese government is keeping China’s currency at a value about 40 percent lower than what it should be.  This is essentially a de facto subsidy to China’s exporters.

#2 This year, the U.S. trade deficit has usually been about 40 to 50 billion dollars a month.  Approximately half of that is with China.

#3 The United States spends about $3.90 on Chinese goods for every $1 that China spends on goods from the United States.

#4 American workers now find themselves in direct competition for jobs with workers in China that makes less than a tenth of what an American worker would make.  In China a garment worker makes approximately 86 cents an hour.  Apple iPhones are manufactured in China by workers making about 293 dollars a month (and that was after a big raise).

#5 In 2008, 1.2 billion cellphones were sold around the world.  So how many of those cellphones were manufactured inside the United States?  Zero.

#6 Between 2000 and 2009, America’s trade deficit with China increased nearly 300 percent.

#7 As of the end of July, the U.S. trade deficit with China had risen 18 percent compared to the same time period a year ago.

#8 A substantial percentage of China’s largest corporations are either fully or partially government-owned and are thus subsidized by the Chinese government.

#9 According to the U.S. Trade Representative’s 2010 National Trade Estimate, the Chinese government openly discriminates against farm goods and services which are made in America.

#10 It is incredibly difficult for U.S. businesses to set up in China, but for Chinese companies that want to do business inside the United States there are very few barriers.

#11 The House National Security Oversight Subcommittee recently heard testimony from a number of experts that told them that the rapid decline of manufacturing in the United States has resulted in America losing its edge in numerous industries that are absolutely vital to national security.

#12 China has now become the leading supplier of components that are critical to the operation of U.S. defense systems.

#13 China now has nearly a complete and total monopoly on rare earth elements.  Today, if China totally cut off the supply of rare earth elements, we would pretty much have no hybrid car batteries, flat screen televisions, cell phones or iPods.  Not only that, but rare earth elements are also used by the U.S. military in radar systems, missile-guidance systems, satellites and aircraft electronics.

#14 Since 2001, approximately 42,400 American factories have closed their doors, and about 75 percent of them employed more than 500 workers while they were still in operation.

#15 According to a disturbing new study by the Economic Policy Institute, if the trade deficit with China continues to increase at its current rate, the U.S. economy will lose over half a million jobs this year alone.

#16 Dell Inc., once one of largest manufacturers of computers in the United States, has announced plans to dramatically expand its operations in China with an investment of over $100 billion over the next decade.

#17 Dell Inc. has announced that it will be shutting down its last large U.S. manufacturing facility in Winston-Salem, North Carolina in November.  Approximately 900 good paying jobs will be lost.

#18 As of the end of 2009, less than 12 million Americans worked in manufacturing.  The last time that less than 12 million Americans were employed in manufacturing was in 1941.

#19 According to a new study conducted by Thompson Reuters, China is likely to become the world’s leader in patent filings by next year.

#20 All of this new affluence is allowing the Chinese government to dramatically upgrade and modernize its military.

#21 One prominent economist is now projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040.

  • Jackson

    Anyone that trusts Donald Trump to tell the truth about anything is a fool. Just ask his ex-wives.

    Fact is the U.S. has been manipulating its currency for much longer than China. Ask Latin America about U.S. currency wars, economic boycotts, and the U.S. creations of the World Bank and the International Monetary Fund. Then look at how U.S. banks created the downfall of our economy through speculative instruments known as derivatives and then used bogus insurance guarantees to back them… a practice going on today! This has pressured small European companies into virtual bankruptcy – witness Iceland, Latvia, Greece and Spain (and others). We have the same American crony capitalism at work here in the U.S., with states being pressured to borrow from U.S. predator banks to finance their obligations and pensions.

    Look, China did not give us NAFTA. The U.S. Congress and various presidents did. China did not give us CAFTA. The U.S. Congress and various presidents did. Chinese currency manipulation is not what is de-industrializing America. It is not why Boeing and General Electric or making products in China and selling them back to the U.S. (as are several other countries but these two sell a large proportion of their output to the U.S. government – i.e., the taxpayer, and could be forced to manufacture their products within the U.S., but Congress won’t do this).

    The trade policies of the U.S. are what permits Chinese goods to flow into our country.

    And the U.S. subsidizes much of its agricultural output. One case in point is the huge subsidies we (the taxpayer) provide the ethanol industry. Not only is this currency manipulation, it’s environmentally degrading and unsustainable. And look at corn. To blame this on China is quite simply B.S.

    Finally, one need only look at what Congress did with the mortgage bill that President Obama vetoed to see the depth of the corruption. Here’s a bill put forth by a Republican congressman and passed by the Democratic House that would allow banks to bypass legal safeguards set up to ensure that title to property could be established. The bill would have ensured that thousands if not millions of Americans would lose their homes and be tossed out on the street by ignoring current law. Who benefits? The big banks that put us in this mess to begin with. And get this… The bill was tied up in the Senate Judiciary Committee and a Democrat took the bill out of committee and put it on the Senate floor in order to get a vote completed before the recess. The bill received unanimous consent by the Democratic Senate. Unanimous consent. This is an outrage and while I disagree with most of what Obama has done, I have to applaud his willingness to challenge this bill by vetoing it. Again Congress would have sold us down the river on this.

    So if you want to blame some group – look no further than our own government. To suggest that China is behind our downfall is extremely ignorant. But of course, look who suggested it… Donald Trump.

  • JLS

    USA is manipulating is currency in order to consume more and more and save less and less.
    The trade deficit is because of too much public spending (public debt) and to low saving rate for household.

  • de Malfosse

    Re: Jackson; I was thinking along the same lines, i.e. Trump is absolutely correct but for all the wrong reasons. Uncle Sam brought this disaster upon Himself.

    All should recall Mr. Trump benefitted hugely (and humorously, as I recall) some years ago when he – Bankrupt – was deemed as Too Big to Foreclose Upon and escaped the fate of lesser mortals.

  • Concerned Reader

    As far as everything that I have read and heared, the rise of China is perhaps the most unique story that I have heared about these days. What I am saying is that country is booming and growing, but they have so many issues internally. These issues include wealth disparity, ethnic uprisings, environmental degredation, an aging population coupled with a deficit of women, which mean zero population growth, corruption, among other things.

    Heck, because the Chinese have over burdened their environemt, most of their rivers run in raw sewage and industrial chemicals. Most of their aquifers have been drained, or nearly depleted, which means crop failure and desertification. Because of desertification, dust bowls plauge all most all of the major cities of China. Also, because of these issue, China is very dependant on foreign nations to give them food, particularly the United States.

    As for wealth disparity, estimates figure that there are about three hundred million Chinese living in their equivalent of a middle class. This leaves another billion people who live in the 19th century. They still use oil lamps or open flames to heat and light their homes. They have no lavatories or showers and they do their buisness in the wilderness. These folks are poorly educated and must depend on field work or the factories for employment.

  • unohoo

    China has been gearing up for a confrontation with this Nation for years, Jimmy Carter gave china the Panama Canal in 1990 and signed it into law in 1978. China now has more than 30,000 combat troops in Central America that treaty runs for 99 years. Bill Clinton is praised for balancing the budget, yet not much is known about how he got it done. What he did was sell the Nations debt to China and used the deepwater harbor in San Diego as collateral for 50 years.

    How much more will Obama give them and how long before the people know about it. You can say what you want to say about Donald Trump . . . but he is the only one, so far, who has discussed the real issues openly and has also offered a viable solution to fix it; however, fixing it at this stage in the world’s economy may cause serious issues from China, but business is business.

  • mondobeyondo

    I’m sure Donald Trump really meant to say “raped” instead of “ripped”..but that’s beside the point.
    How many other countries (not just China) have been “ripped” by U.S. currency manipulation? The little Latin American counties? Like Argentina, which once had its peso pegged to the dollar? And certainly there are many others.
    For years, we have always gotten our way. Now all of a sudden, the Russians are saying “Nyet!” The Chinese want to boost the value of their currency. Europe is getting concerned.
    Americans, be warned. The chickens have come home to roost.

  • Not so Mad Max

    We did this to our self’s people where screaming NAFTA would hurt US workers and it did. The WTO like most international bodies hurt more then they help. The trouble is I’m afraid we have reached the point of no return with the debt and so much industry gone, and the Fed threatening more QE (has any body checked commodity prices?). I’m afraid The Donald coming to these realizations is to little to late. I would strongly advise ignore this guy (The Donald) this is save what you can time.

  • CK Lee

    Included in your list of blames and accusations against China for all of America’s bad unemployment situation, there are already many real and obvious causes that are of America’s own making.
    How can an upward revaluation of 40% of the Yuan vis- a-vis the USD can make American goods more competitive when there’s such a huge gap between the labour rates of the two countries – less than a dollar an hour in China as compared to 15 to 20 dollars an hour in the U.S. for producing more or less the same things? That’s why Apple is producing its iPods and iPhones in China where China makes only 3 cents for every dollar of stuff exported to the U.S. where Apple sells it for a dollar fifty if not sixty.
    Also, if you would go see the types of China goods sold in Wal-Mart, Kmart etc., you will find that most are cheapy plastic toys and knickknacks. Can you really grudge China for stealing your jobs in the production of such goods? Do you really want to produce these types of goods yourselves? Aren’t you glad that China is doing it cheaply for you?
    You must realize that other than weaponry which are considered high-tech, and whose world market is dominated by the U.S., the big great majority of the world trade is all about mundane goods that are commonly produced without involving much high tech. Even car manufacturing is no longer considered high tech; it’s commonly carried out worldwide. That’s why GM is in such big trouble. It won’t be long Boeing will encounter the same.
    The only way for you to really maintain a high standard of living is to be able to produce stuff that other people want but don’t have the technology to produce.
    As for Donald Trump,he’s just a loud mouth. I’m waiting to see him fall flat on his ass with his CRE investment. I believe it won’t be long.

  • Buck Eschaton

    I know two of the main tenements of Democratic/Republican political faith has been “Free Trade” and defense of the super wealthy at all costs, but the tyranny of these policies has maintained a virtual slave class in China and the 3rd world and the total decimation of the middle class in America.

    Corporations go to the 3rd not because there’s too much regulation in the US. They go to China because they can offload their environmental and wage costs. They can freely decimate and destroy and leave their corporate/industrial excrement for the poor people in China to deal with. It’s also nice for them not to have to pay much of anything in wages, and to have government that will violently and murderously back you up if any of your workers should ever dare to ask for a raise.

    I think what we need to do is to bring industry and manufacturing back to America. The corporations and the top 1% are the plantation owners of the south, they don’t want to give up their slaves or their power. I think we should immediately tax / prosecute the super-wealthy into non-existence, and to impose huge tariffs on manufactured goods coming into this country. Basically make it impossible to manufacture something outside the United States and sell it here at a profit.

    Then of course of we need to actively work for the overthrow of the Chinese communist government, and we need to actively work to increase the wages of all the working people of the world. Enough of this worship of the CEO and the massive corporation. It’s about freedom, cleaning up your own excrement, and creating a strong and large world middle class.