China Keeps Slapping America In The Face And America Just Keeps Taking It

If you were playing a game against a dishonest opponent and you allowed that opponent to lie, cheat and steal as much as they wanted to, who do you think would win?  Today, China is absolutely crushing the United States on the global economic stage, but they are hardly playing fair.  They shower their own firms with huge government subsidies, they brazenly steal technology, they publicly violate intellectual property rights, they manipulate currency rates so that foreign firms cannot compete with Chinese prices and they slap ridiculously high tariffs on many classes of foreign goods.  In short, they basically do everything that they can get away with to give themselves a trade advantage.  This predatory behavior has caused an enormous transfer of wealth from the United States to China.  It isn’t as if it is just some sort of an “accident” that we now owe China about a trillion dollars.  The truth is that China just keeps slapping America in the face and America just keeps taking it.  We are like an abused spouse that just keeps coming back for more.  It is disgraceful and it needs to stop. (Read More...)

40 Signs The Chinese Economy Is Beating The Living Daylights Out Of The U.S. Economy

It is time to face the truth.  The Chinese economy is simply beating the living daylights out of the U.S. economy.  Whether you want to call it a rout, a slaughter or a thrashing, the reality is that the Chinese are absolutely embarrassing America on the global economic stage.  At this point, the Chinese are playing economic chess while the Americans are playing economic checkers.  China is poised to blow past the United States and become the largest economy in the world.  Not only that, some economists are projecting that the Chinese economy could be three times larger than the U.S. economy by mid-century.  The age of U.S. economic dominance is ending, and most Americans still don’t even understand what is happening. (Read More...)

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