Category Archives: Globalism
How Can America Create Wealth If Our Industrial Base Is Destroyed? 50,000 Manufacturing Jobs Lost Per Month Since 2001
The Economic Collapse
March 25, 2011
Any economy that constantly consumes far more wealth than it produces is eventually going to be in for a very hard fall. Many point to relatively stable GDP numbers as evidence that the U.S. economy is doing okay, but the truth is that we have had to borrow increasingly massive amounts of money to keep GDP numbers up at that level. The U.S. government is going to run an all-time record deficit of about 1.65 trillion dollars this year and average household debt in the United States has now reached a level of 136% of average household income. But borrowing endless amounts of money and consuming massive amounts of wealth with that borrowed money is a road that leads to economic oblivion. The only way to have a healthy economy in the long run is to create wealth. But how can America create wealth if our industrial base is being absolutely destroyed? According to Forbes, the United States has lost an average of 50,000 manufacturing jobsper month since China joined the World Trade Organization in 2001. Hundreds of formerly thriving industries in the United States are being totally wiped out. China uses every trick in the book to win trade battles. They deeply subsidize their domestic industries, they openly steal technology, they blatantly manipulate currency rates and they allow their citizens to be paid slave labor wages. So yes, the products coming from China are cheaper, but in the process tens of thousands of factories in the U.S. are shutting down, millions of jobs are being lost and the ability of America to create wealth is being compromised.
Tony Cartalucci, Contributing Writer
Indeed, when we examine the leadership of the coordinated color revolutions sweeping the Arabic world, Eastern Europe and even as far as Southeast Asia, their ties to the West are undeniable – their true agenda irrefutable.
Egyptian opposition leader Mohamed ElBaradei literally sits as a trustee amongst some of the most notorious US foreign policy makers within the globalist International Crisis Group. The April 6 Youth Movement and Google’s Wael Ghonim have both been working on ElBaradei’s behalf for well over a year. The April 6 Youth Movement has itself been consorting with the West since their attendance at a 2008 US State Department sponsored summit in New York City and then undergoing training at the US funded CANVAS organization in Serbia a year later.
We see CANVAS and the US State Department now more open about their involvement in the “Arab Spring.” Hillary Clinton recently admitted that youth movements across the Arab world, including Egypt and Tunisia, received funding and technical support from the US. We also see the unrest in Libya tracking back to London and Washington based, long time US supported Libyan opposition groups including Ibrahim Sahad’s National Front for the Salvation of Libya (NFSL) and the National Conferences for Libyan Opposition (NCLO). The very call for the Libyan February 17th “Day of Rage” was made not in the streets of Benghazi, but by the exiled NCLO.
March 16, 2011
“Back in the 90s I remember Ross Perot saying that there was going to be the giant sucking sound of jobs if NAFTA passed,” the caller said. “I think it ended up being true, right? And I know you were a big free trader.”
“Yeah, well, I don’t think it was true in Mexico,” he said. “I think the fact is that NAFTA allowed us to build jobs in Canada, the United States, and Mexico, in competition with China. I mean, our big competitor is not Mexico. Our big competitor is China and India. And I’d rather have jobs close to the United States than have jobs overseas in places like China and India.”
From now on, whenever you hear the term “the global economy” you should immediately equate it with the destruction of the U.S. middle class. Over the past several decades, the American economy has been slowly but surely merged into the emerging one world economic system. Unfortunately for the middle class, much of the rest of the world does not have the same minimum wage laws and worker protections that we do. Therefore, the massive global corporations that now dominate our economy are able to pay workers in other countries slave labor wages and import the products that they make into the United States to compete with products made by “expensive” American workers. This has resulted in a mass exodus of manufacturing facilities and jobs from the United States.