NoSlaves.com

Cyberactivism on Trade, Economics and Labor Arbitrage

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Entries from March 2007

Trading Away the United States of America

March 1st, 2007 · No Comments

The United States is giving us away and she’s doing it through incredibly bad trade policy. Since 1993, we have over $5 TRILLION dollars in trade losses. Pause for a second and contemplate that number. If you stacked silver dollars to 5 trillion you would have a height 28,305,000 times taller than the Empire State building.
That is INSANE!

Empire State Building

If that fact boggles your mind, hold onto your seat, for the next graph dropped my jaw….
Charles McMillion's China Nafta Trade History Graph

Did you jaw just drop? Are you stunned?

This detailed China trade history graph is by Charles McMillion. Beyond the dramatic acceleration of trade deficit increases with China upon entry into the WTO, notice that the trade deficit increases even when China decreases it’s tariffs. Why is that? Well, one major factor is cheap labor. That’s the big secret that globalists making huge bucks selling our nation down the river do not want you to see, no one can compete with China’s cheap labor supply.

When transnational firms can pay very talented people in China a small fraction of what very talented Americans require just to pay their mortgage, lowering tariffs makes no difference. Indeed, China’s government is smart enough to only make moves after they know it will make…

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Tags: Trade · Globalization