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China's devastation of US trade with help from the corrupt US oligarchy


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by Patrick   $0.28 total tips   💰tip   follow   2021 Jul 20, 10:12am  

Primarily to blame:

- Jeff Bezos
- The Walton family

Who else should be in prison for treason?



https://notthebee.com/article/take-a-look-at-how-china-has-absolutely-crushed-the-us-in-world-trade-in-only-20-years-

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26   FarmersWon   2021 Jul 28, 1:33pm  

Patrick says
farmer2021 says
China wants to be a manufacturing-based superpower, not a financialized one (like the US).


The Chinese are pretty smart. That's why they got all the factories. That's what gives them power over America now.


There is no doubt that chinese are smart but they also have big flaws especially their ruling class.
Spending vast majority of sums on production on backs of impoverished masses toiling in inhuman conditions will let to big failure.
They have ruined their environment and built mountain of debt for this foolhardy exercise.

China will fail like it always did in past. The biggest flaw in Chinese is extreme conformity to authority... But when it eventually bursts it is like a volcano.
CCP is always afraid of it, But it has set the course for that event to happen. Peasants will eventually come for them.

https://en.wikipedia.org/wiki/List_of_rebellions_in_China
27   HunterTits   2021 Jul 28, 1:40pm  

Patrick says
The Chinese are pretty smart. That's why they got all the factories. That's what gives them power over America now.


Rust Belt still has hundreds of factories. Did when they were shuttered.
28   Patrick   2021 Jul 28, 1:45pm  

Those factories lose viability as they rust and the knowledge of how to run them is lost.
29   FarmersWon   2021 Jul 28, 1:54pm  

Patrick says
Those factories lose viability as they rust and the knowledge of how to run them is lost.


Some would be lost even without China to technology improvement or market change.
Also China has peaked and lot of rust belts(10x more than US) will be created there soon.. probably many already. The environment cleanup of this will bankrupt china.
CCP is just trying to save skin from peasants by creating useless manufacturing... See the videos I posed on "china poor construction" thread. It is already boxed by economic principles and have no way to run for long.
https://www.statista.com/chart/20858/top-10-countries-by-share-of-global-manufacturing-output/
30   HunterTits   2021 Jul 28, 2:37pm  

Patrick says
Those factories lose viability as they rust and the knowledge of how to run them is lost.


Point is: factories can be build anywhere and anywhere you build them they can easily become stranded assets.

Even before Trump, lots of manufacturing was being relocated back to the US. That trend will accelerate as the globalist trade system breaks down. It is breaking down because the US is no longer maintaining it.

How is China going to import its food and bauxite and chromium from Africa, oil from the ME when it has shit for naval force projection capability in the PG and IO or even the Straits of Mallacca and etc? Like Japan, all of that was guaranteed by the US Navy. It was part of the deal to get China to stay split with the Soviet Union.

Ditto with regards to Chinese exports.

And don't bring up the ever growing Chinese navy. It takes DECADES to build up a decent blue water navy. Expertise is more valuable than hardware. The Soviets nor Germans -- which had those decades -- never were able to pull that off. The Japanese came closer than either of them. And PLAN is no Imperial Navy of Japan. Not by a long shot.

But mostly, because they will be starved of capital. That's what demographic implosions do. Nasty shit.
31   HunterTits   2021 Jul 28, 2:41pm  

Patrick says
China wants to be a manufacturing-based superpower, not a financialized one (like the US).


PRC is massively financialized. Far more than the US is.

80% of its production firms are state owned and up to their gills in debt that can never be paid off. Instead, it is 'recycled' by the PBOC. The firms concentrate on cash flow, not profit.

Sound familiar? Circa Japanese keiretsu and MITI in the 1980s-90s. Who here has ever heard the acronym MITI since the late 90s? Anyway? Used to be a household term in most newspapers back then. Hell, I am not sure it even exits still.
32   FarmersWon   2021 Jul 28, 2:52pm  

@HunterTits
China is fraud economy. They think "poor disposable stuff" and rebuilding it again and again is economic growth.
Unfortunately corrupts corporates like walmart etc. bought into this notion as it is good for retail.
Strange part is that so called "green economy" guys couldn't muster anything against this extremely polluting exercise.

This article explains it well:
https://chinaeconomicreview.com/china-housing-shoddy-building-quality-energy-incentives-gdp/
To Qiao Runling, deputy director at China’s top planning body, the National Development and Reform Commission, the short lifespan doesn’t simply indicate how long the housing is livable in but how long developers wait to tear down one project in order to raise a more expensive one

“Chinese like to demolish buildings just so they can build new ones,” Qiao said, speaking at a real estate investment forum in Shanghai last week.
he buildings aren’t torn down because they’re dangerous but rather because local officials want to drive the economy with new construction projects. It’s “political willingness” that often cuts short the life of many otherwise healthy buildings, Qiao said, “The local government wants to stimulate GDP growth and they choose the crudest way to do this: Demolition then rebuilding.”

The practice isn’t just a waste of valuable real estate, it’s a major polluter and consumer of energy. The energy needed to fuel China’s construction industry accounts for about one-third of the country’s total energy consumption, Qiao said. Where energy consumption is high, so is pollution. The unceasing cycle of building and demolition adds to China’s already dire environmental conditions. On top of that, China has little capacity to reuse construction waste, unlike countries such as Japan. Some reports say that construction refuse has literally encircled cities like Hangzhou.
33   Patrick   2021 Jul 28, 2:57pm  

HunterTits says
It takes DECADES to build up a decent blue water navy.


I'm afraid it will also take decades for the US to recover its lost manufacturing ability, and that if and only if there is a determined push to bring back manufacturing here, as Trump advocates.

Now that the oligarchy has subverted democracy to get Trump out of office, I don't see that happening any time soon.

In the meantime, China has great power over us to cut off supplies of finished goods and parts.
34   FarmersWon   2021 Jul 28, 3:02pm  

Patrick says
HunterTits says
It takes DECADES to build up a decent blue water navy.


I'm afraid it will also take decades for the US to recover its lost manufacturing ability, and that if and only if there is a determined push to bring back manufacturing here, as Trump advocates.

Now that the oligarchy has subverted democracy to get Trump out of office, I don't see that happening any time soon.

In the meantime, China has great power over us to cut off supplies of finished goods and parts.


I don't agree. Most of what we import from China we don't really need.
It was just greed of walmart types to push on us for their retail dollars.
If it had any market power, They would be raising prices crazy not squeezing their workers even when struggling to find few and high attrition.
(During COVID time they made killing sending sanitizing products, But US quickly ramped up... thats the time they had market power for small time window)
https://www.statista.com/statistics/183399/walmarts-net-sales-worldwide-since-2006/
35   Patrick   2021 Jul 28, 4:05pm  

farmer2021 says
I don't agree. Most of what we import from China we don't really need.


Remember during the beginning of the pandemic when there were shortages of antibiotics made only in China, and the US couldn't make them because the raw materials also come only from China?

I remember that.
36   FarmersWon   2021 Jul 28, 4:17pm  

Patrick says
farmer2021 says
I don't agree. Most of what we import from China we don't really need.


Remember during the beginning of the pandemic when there were shortages of antibiotics made only in China, and the US couldn't make them because the raw materials also come only from China?

I remember that.


This does happen in trading partners. It is exception not rule.
China's 5G ambitions are also biting dust due to lack of semiconductors.(They are spending like trillion $ to gain self sufficiency).

US can produce antibiotics too. The issue is not "trade" but loyalty of US govt.. If US govt folks have made treason their main business, Nothing can work.
https://www.nature.com/articles/d41586-020-02884-3
Why big pharma has abandoned antibiotics
A lack of financial incentive has meant large pharmaceutical companies have left the market
37   Patrick   2021 Jul 28, 5:41pm  

farmer2021 says
US can produce antibiotics too.


The question is how quickly and at what cost.

I think it would take years to recover US antibiotic manufacturing ability.
38   SumatraBosch   2021 Jul 28, 5:44pm  

Take the PRC off of SWIFT.

Terms of restoration of interbank payment functionality:

Everyone in the PRC guaranteed weapons and a 20 year supply of ammo, even if they have to fire 10 rounds a minute, three shifts a day.

Multiparty elections.

Unions.

Otherwise, no buy slave-made shit.
39   FarmersWon   2021 Jul 28, 7:21pm  

Patrick says
farmer2021 says
US can produce antibiotics too.


The question is how quickly and at what cost.

I think it would take years to recover US antibiotic manufacturing ability.


Two solutions:
1) subsidy
2) Increase price.
... otherwise import. It is just not profitable.

https://www.nationalgeographic.com/science/article/oneill-amr-3
We Need Antibiotics. They’re Not Profitable To Make. Who Pays?
40   HunterTits   2021 Jul 28, 9:00pm  

Patrick says
I'm afraid it will also take decades for the US to recover its lost manufacturing ability


Nope. Just capital investment. If you can set up factories in a swamp eventually called 'Shenzhen' or in Hanoi, you can set them up anywhere.

Patrick says
In the meantime, China has great power over us to cut off supplies of finished goods and parts.


They need us more than we need them.
41   Patrick   2021 Jul 28, 10:52pm  

SumatraBosch says
Take the PRC off of SWIFT.


So this means to isolate their banking system, right?
42   SumatraBosch   2021 Jul 29, 1:30am  

Yes.

Let them pay their bills with rocks and Ramen.
43   Patrick   2021 Jul 29, 12:59pm  

Technically that should be "rocks and lo-mein".

"Ramen" is just the bad Japanese pronunciation of the Chinese word lo-mein.

But then it wouldn't alliterate. Unless you're Japanese.
44   FarmersWon   2021 Jul 29, 4:46pm  

Look at hard to fake parameters of economy to estimate How much is China lying on size of economy.

https://www.brookings.edu/wp-content/uploads/2019/03/ChenEtAl_web.pdf
A Forensic Examination of China’s National Accounts
45   Patrick   2021 Aug 3, 10:24am  

https://www.reuters.com/business/aerospace-defense/china-quietly-sets-new-buy-chinese-targets-state-companies-us-sources-2021-08-02/

China quietly sets new 'buy Chinese' targets for state companies

WASHINGTON, Aug 2 (Reuters) - China's government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items including X-ray machines and magnetic resonance imaging equipment, erecting fresh barriers for foreign suppliers, three U.S.-based sources told Reuters.
46   Eric Holder   2021 Aug 3, 10:30am  

Patrick says
https://www.reuters.com/business/aerospace-defense/china-quietly-sets-new-buy-chinese-targets-state-companies-us-sources-2021-08-02/

China quietly sets new 'buy Chinese' targets for state companies

WASHINGTON, Aug 2 (Reuters) - China's government quietly issued new procurement guidelines in May that require up to 100% local content on hundreds of items including X-ray machines and magnetic resonance imaging equipment, erecting fresh barriers for foreign suppliers, three U.S.-based sources told Reuters.


Biden will pretend nothing happened.
47   Onvacation   2021 Aug 3, 11:05am  

Patrick says


The Chinese are pretty smart. That's why they got all the factories. That's what gives them power over America now.

That and all the politicians they own.
48   Onvacation   2021 Aug 3, 11:16am  

Patrick says
But then it wouldn't alliterate. Unless you're Japanese.

That's racist!

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