Buy America - China Does Just That

[Karenina]

This piece is an EXCELLENT resource, chock full of links that connect the dots.

http://smirkingchimp.com/article.php?sid=21710&mode=&order=0

Jack Dalton: 'Buy America — China does just that with BushCo's help'
Tuesday, June 28 @ 10:04:31 EDT

<snip>

The single greatest "hostile" takeover of a nation is under way, and it is our nation. Thanks to the unbelievable growth of Wal-Mart, more of what the consumer here purchases is being made in China, while U.S. jobs continue to disappear. This nation is now in serious debt to China. At the same time China is experiencing huge national growth which means they need an increasing amount of oil to provide the energy to fuel its growth. China is now exceeded only by the U.S. in its "need" for more oil...

[Burma Jones]

1. Hey, Wait, ain't they Commies?????

We're going to be whipped by a bunch of damn Communists.......

:sarcasm:

[lectrobyte]

2. Wal-Mart is part of a commie plot? That'd be a great meme to

get out there.

[H2O Man]

3. Recommended.

I think that this is a topic that deserves our full attention. In the past week, I've had two people visit me at my home. One was the head of the democratic party in this town, the other was a young man who ran heavy equipment on a project here. Both are representative of the younger, working class democrats that make America a great nation. And both brought up their concerns with the growing economic power that China has gained inside the United States. It's an important subject, closely related to one of the most shocking moments in Michael Moore's great movie "F 9/11" regarding the Saudi "investment" in our economy.

Thank you for posting this.

[Karenina]

8. It is CRITICAL that folks

check out what's going down with China. THEY DON'T PLAY SOFTBALL.

[H2O Man]

41. Correct.

This isn't an IOU to a close friend who shares our values. This is putting our future in hock to a force that is not looking to give us the upper hand.

[LightningFlash]

4. Christ this is beyond pathetic....

I'm not shocked at any of it anymore. :puke: :puke:

[anarchy1999]

5. God Bless LaRouche, he's been preaching it for years, as have

Ron Paul, Traficante (beam me up) and all the rest. Don't even blink once and try not to pay attention to Gary Allen and "None Dare Call it Conspiracy", or any of the rest. We are just a tin foil hat wearing, wall-papered house minority! Sit back, strap in, the roller coaster ride is about to begin!

on edit:

I'm so sorry, I forgot Perot, I forgot the authors of "America, What Went Wrong". Remember Perot and how much fun everyone had at his silly little sayings "sucking sound going south", oh what fun and for the good times!!

[katty]

29. This has been happening - now China doesn't want

the feds to interfere with their potential purchase of UNOCAL.

[Karenina]

6. Kick!

:kick:

[Karenina]

7. Punt!

:kick:

[Greyhound]

9. This is what they're really doing, selling...

us out, while eliminating our ability to fight back.
:kick:

[Deja Q]

11. How are they eliminating our ability to fight back?

Preventing the sale of paper and pencil?

[Karenina]

12. TOUCHE!!!

:hug:

[Greyhound]

48. Sorry but WTFAYTA?

[Deja Q]

10. So communism DOES win in the end.

Just not the good sort... :-(

[Karenina]

13. It's not even about "communism"

It's about the balance of power vs. force. This Viet Nam vet blogger has REALLY tied things together!

[BeHereNow]

14. Kick for Karenina!

GREAT link Karenina!
Interesting and TELLING aside to this
peice:
The PNAC has made NO comment on
the CNOOC bid on Unocal...
It is really past "too late."
It's over.
BHN

[cire4]

15. Never forget this Stalin quote:

"When we hang the capitalists, they will sell us the rope."
-Josef Stalin

Very relevant to the situation with China. China isn't communist by any means, but they just might beat America at her own game. American corporations' obsession for money and profit is what might lead to its downfall...

[BeHereNow]

16. I'd say that was the plan.

Especially after reading the excellent
link provided by Karenina.
The top 1% of the wealthiest are gonna do just
fine if the bid for Unocal goes through, the rest
of the planet?
I don't want to think about it- especially
how my spoiled fellow citizens are
going to behave during their transition to
third world poverty status.
BHN

[Karenina]

17. Jack Dalton

Jack Dalton is a disabled Vietnam veteran, activist and writer. His blog is Jacks Straight-Speak, and he is a columnist for the POAC as well as many other web publications.

http://jack-dalton.blogspot.com/

http://www.oldamericancentury.org/

[BeHereNow]

18. MUST READ! Do not let this thread

slide into oblivion!
This is the most important thing I have read today!!!
Read the link in the oiriginal thread people!!!
Nominate, nominate, nominate!!!
BHN

[BeHereNow]

19. Okay, my mission today is to keep this thread

KICKED!
BHN

[Karenina]

20. Thanks, BHN!

Dalton has REALLY done his homework and synthesized the info into bite-sized bits. Americans are being PUMMELLED by assaults from their *gub'mints propaganda catapaults, to the point that even obsessive compulsive news junkies such as we can barely keep up.

However, the deal with China is the Trojan horse nuke.

This is not just an American problem. The mom & pop concerns in my neighborhood have practically ALL been driven out of business on our main street, replaced by 1€ shops with cheap, shoddy goods from China.

[BeHereNow]

22. No, THANK YOU!

I had never heard of Jack Dalton!
Don't know how I missed him, as I now
am officially in love with him.
I am listening to his interview, link at POAC site right now!
http://oldamericancentury.org/jack_08.30AM.mp3

What a sweetheart!
What a truthspeaker!
What a PATRIOT!

Love his writing too,
so THANK YOU Karenina!

BHN

[devinsgram]

21. Does this mean I have to learn to speak and read Chinese?

[BeHereNow]

23. No, it means we have to learn how

to live at an ecomonic level we
can not begin to imagine.
The "American Dream" is about to
become the "American Nightmare"
for the majority of people in this country.
Of course the rest of the world has been
living in the American nightmare for some time.
Silly arrogant and ignorant 'murikkkans thought
they were going to be immune to the corporate
elite's plans.
Silly, silly people.
BHN

[Karenina]

25. Learning another language

is ALWAYS a mind-expanding experience. ;-)

[BeHereNow]

26. Especially when the language is POVERTY!

the NEW English for the neocon led misery laden planet!
YipEEEEEEEE!
BHN

[Karenina]

31. BWHAHAHAHAHA!!!

:rofl::rofl::rofl:

[BeHereNow]

24. Kick

Mission accomplished.
BHN

[Cleita]

27. So is anyone planning on taking classes in Mandarin?

I think it wouldn't hurt.

How ironic that the Red Menace seen in the fifties as Communist China was about the Chinese being so numerous that the Western powers would not be able to defeat an army because of it's size in manpower.

Instead we should have worried about their factories turning our goods so numerous we can't buy them up fast enough, and our national debt being owned by them.

And just when I thought the Saudis were well on their way to buying us out, it turns out China is doing it instead. So should we worry? The Saudis have what the Chinese want and need, OIL.

Where does that leave us as a superpower?

[BeHereNow]

28. "Where does that leave us as a superpower?"

The operative word in that question is "us."
The irony is this:
While Americans have paid the bill in blood and
coin in the Afghan/Iraq debacle to assure Unocal's
pipelines, the economic elite, as illustrated by the author
of the link, have quietly positioned themselves to profit
in the ultimate sell off of the century.
So when you ask the fate of "us" the definition of "us"
reveals the ultimate joke played on the 'murikkkan people
by an administration claiming to act in "national interest"
when in fact the whole game has been rigged to
benefit only the multi-national corporate interest.
The rest of "us" be damned.
BHN

[BeHereNow]

30. Kicking till the cows come home...

SO very important when trying to grasp the BIG picture/plan.
Hint, it started with Walmart.
BHN

[Karenina]

35. Here's an amusing, related digression

as THESE are the forces Jack Dalton at his keyboard is trying to counter. It is a MONUMENTAL task.

http://www.albinoblacksheep.com/video/conspiracy.php

[BeHereNow]

36. HAHAHAHAH!

Love it- SO true.
Thanks for that, will send it to my "list."
BHN

[slor]

32. Reply to bookmark n/t

[slor]

33. Reply to bookmark n/t

[nwprogressive]

34. Unocal...

A chinese company wants to buy Unocal. Chevron has already made a deal, but the Chinese company is trying to thwart the merger and take unocal itself.

The chinese are a threat to our workers and to our economy. they could overtake us. And they are in the process of doing just that.

It's bad enough as it is.

[BeHereNow]

37. Welcome to DU, and your assessment is correct-

It has gone beyond bad, as you say.
It is far worse than we originally imagined, as clearly,
the elite are prepared to sell the WHOLE enchilda
to China.
Naturally, they have covered their own asses before
doing so.
Sink or swim, sink or swim.
Problem is, most people in this country still have not
figured out just how deep the "deep end" is.
BHN

[lumberjack_jeff]

38. Sell us Unocal and no one gets hurt. Yet.

Now we find out why a huge debt is a bad idea.

The Chinese government, which is a primary financier of our $8t debt, wants to buy US companies including Maytag and Unocal. This isn't necessarily bad except when you consider the national interest ramifications of selling one of the worlds biggest oil companies to the country that will be our biggest competitor for oil in the coming years as supplies dwindle.

We can always tell them no, right?

Yes... if we're willing to trade off a crisis in the near future for an immediate catastrophe.

The debt owned by China, and their willingness to continue financing our deficit by buying even more, is a huge lever. If they say jump, we'd better do it or suffer the consequences of having our currency crash on the world market. A return of double-digit inflation and 20% interest rates is not improbable if China were to dump their $1t in US treasuries onto a nonexistent market.

The result would be an increase in the cost of imports (which is just about everything), a huge increase in the interest payments on our debt, (it's currently 8% of our annual budget - about the size of the Medicare budget and could baloon to 25% or more) and a relative increase in the cost of labor in China which is less of a problem for them once they own the remaining US factories.

They'll pull the plug on our debt eventually - it's their ticket to superpower status, and this administration is playing right into their hands.

In addition to the reasons provided above in this thread, this also plays into the neocon hands by further starving the beast. A return of high interest rates will severely cramp the style of the worlds largest debtor - us.

[BeHereNow]

39. Oh, I just love smart people!

Welcome to DU!
What a breath of fresh air you are!
I see you actually grasp the "big" picture.
No doubt you have researched the recent trading
activity of the Unocal insiders too?
Talk about the writing on the wall.
Beware, many on DU consider such facts
to be "conspiracy theory."
HEH-HEH!
And so it goes.

BHN

[BeHereNow]

40. Trust me DU, you NEED to read this link...

and that's why I am keeping it kicked.
TRY to understand what this link reveals as far
as the BIG picture and your future.
Please?
Forewarned is forearmed.
BHN

[Karenina]

44. Indeed.

We here at DU are SO FORTUNATE to have people like SeemsLikeADream, Octafish, LynnTheDem, MinstrelBoy, Tinoire, G_J, and others connecting the dots for anyone with eyes to see. Jack Dalton does not post here to the best of my knowledge, however his ability to LAY IT OUT is also formidable.

Forewarned IS forearmed.

I DO encourage folks to read what he has compiled in the posted article.

[BeHereNow]

42. For those who care to understand what we face:

a KICK.
BHN

[G2099]

43. 8.3 percent of China's second-biggest publicly traded bank

Citigroup Inc. will pay about 931 million yuan (US$112 million) for 8.3 percent of China's second-biggest publicly traded bank, its first such purchase in a nation where it has operated for a century.
http://www.china.org.cn/english/BAT/52621.htm

The article says,

"Last year in 2004, CitiGroup bought controlling interest in China's second-largest "development" bank (investment bank)."

Is he referring to 8.3 percent controlling interest?

[lectrobyte]

49. I'd not think 8.3 percent was "controlling interest" -- it could be that

"controlling interest" is referring to a separate transaction from the 8.3 percent. I can't turn up anything on google, and it doesn't seem reasonable to me that the Chinese gov't would let controlling interest in a bank be sold, but who knows?

[name not needed]

45. kick

:kick:

[Karenina]

46. Kick!

:kick:

[G_j]

47. nominated

[BeHereNow]

50. Another kick-

with link to Hypno Toads thread concerning the
new US energy office in Beijing.

"U.S. Opens China Energy Office - expect Unocal to be sold, folks." (HT)
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=104x3993850

Post Intro:
"WASHINGTON, DC, July 1, 2005 (ENS) - Energy Secretary Samuel Bodman Thursday announced the establishment of a Department of Energy (DOE) office in Beijing, China. The new office will support DOE‰Ûªs cooperative efforts with China on energy and nuclear security issues, the secretary said.
The announcement of DOE‰Ûªs new Beijing office was made in conjunction with the first meeting of the U.S.-China Energy Policy Dialogue held in Washington also on Thursday.
"The United States and China have a constructive relationship on a variety of issues, including energy security and nuclear security," Bodman said."

Yeah, we crazy DUers were wrong all along- NOT,
BHN