Great Financial Crisis - Just getting started in the United States

The Confederate Flag waves on CNN as they wave the N-Word for ratings. Wal-Mart, Amazon, Ebay, Sears, K-Mart and others won't sell their Confederate Rebel Flags anymore that were made in China.  The people of Charleston S.C. suffered a real life shock but their not ready for what's next. 

In 1999, The Communist Chinese Menace suffered credit downgrades, and it looked like its Ponzi game of massive bank leveraging and selling products under cost would implode. While China was selling products below cost their factories made everything for everybody using slave labor.  Using slave labor allows you to sell below cost.  

The same people crying about slavery in America buy all their clothing and goods from a slave nation called China and sleep just fine.  Americans are unemployed today because China uses slave labor and Barack Obama is importing Mexican slaves for American business owners.  The borders are open for a reason, and its money, its slave labor, cheap labor. 

At the same time thousands of U.S. factories were being closed, shuttered forever and millions of American workers went on welfare, food stamps, unemployment and spent all their savings.   Over 55,000 U.S. factories have been closed. 

Nobody was talking about the Confederate Flag as the menace Barack Obama continued his rampage of the U.S. Constitution.  Nobody minded Bill Clinton flying off with billionaires and girls while Hillary Rodham Clinton ran for president and buried her secrets in her families basement.  

But the economy was rescued in 2001 by the corrupt government of the U.S. granting China “Permanent Normal Trade Relations” (i.e. most-favored-nation status).  Barack Obama and the DEMOCRATS and the REPUBLICANS are now doing the same thing but its going to be a lot worse.  ObamaTrade is a Slave Deal.  ObamaCare is the plan to take care of the working slaves in America to American consumers will pay the healthcare of the slave workers and not the so-called employers.  You pay the expenses of Wal-Mart employees by taxpayer funded welfare programs while at the same time you buy slave goods from China and worry about the Confederate Flag.

The wildly unbalanced trade deal caused a spectacular economic boom in China, with real growth rates averaging 14 percent per year through 2007. China’s expansion came at the loss of 6 million U.S. manufacturing jobs over the period.  If you think things are bad now just wait a few months.  Barack Obama has crippled the world he just started with the United States.  When China calls in the loans and America must pay $1.3 Trillion dollars there will be no place to hide.  Your children will be slaves and you let it happen by keeping the corrupt Congress of the United States in place and in power. 

Japan’s debt-fueled hyper-growth phase lasted for 32 years, from 1967 to 1997. China’s debt-fueled hyper-growth decade after 1998 managed to accomplish the debt build-up in 10 years that it took Japan 25 years to accumulate, according to Lombard.

When the sub-prime real estate boom ended in the U.S. and the American consumer stopped spending during the Great Financial Crisis, Chinese growth collapsed from 22 percent in 2007 to negative 4 percent in 2009. 

“Americans increasingly believe that their country isn’t serving its own citizens. They need look no further than a bipartisan vote of Congress that will transfer congressional power to the Executive Branch and, in turn, to a transnational Pacific Union and the global interests who will help write its rules.

The same routine plays out over and again. 

We are told a massive bill must be passed, all the business lobbyists and leaders tell us how grand it will be, but that it must be rushed through before the voters spoil the plan. As with Obamacare and the Gang of Eight, the politicians meet with the consultants to craft the talking points—not based on what the bill actually does, but what they hope people will believe it does. And when ordinary Americans who never asked for the plan, who don’t want the plan, who want no part of the plan, resist, they are scorned, mocked, and heaped with condescension.

Washington broke arms and heads to get that 60th vote—not one to spare—to impose on the American people a plan which imperils their jobs, wages, and control over their own affairs. It is remarkable that so much energy has been expended on advancing the things Americans oppose, and preventing the things Americans want.

For instance: thousands of loyal Americans have been laid off and forced to train the foreign workers brought in to fill their jobs—at Disney, at Southern California Edison, across the country. Does Washington rush to their defense? No, the politicians and the lobbyists rush to move legislation that would double or triple the very program responsible for replacing them.

This ‘econometarian’ ideology holds that if a company can increase its bottom line —whether by insourcing foreign workers or outsourcing production—then it’s always a win, never a downside.

President Obama, and allies in Congress, have won this fast-track vote. But, in exchange, they may find that they are losing something far greater: the trust of the American people. Americans have a fundamental, decent, and just demand: that the people they elect defend their interests. And every issue to come before us in the coming months will have to pass this test: does this strengthen, or weaken, the position of the everyday, loyal American citizen?”

Facing a return of the 1999 crisis, Communist China managed to engineer a gigantic monetary expansion that was twice as big and implemented twice as fast as the U.S. stimulus by ordering state-owned banks to lend without regard to risk or profits.

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