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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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16   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.
17   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/
18   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.
19   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
20   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.
21   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.
22   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?
23   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.
24   Patrick   2021 Jul 28, 10:52pm  

SumatraBosch says
Take the PRC off of SWIFT.


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

Yes.

Let them pay their bills with rocks and Ramen.
26   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.
27   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
28   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.
29   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.
30   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.
31   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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