Every year hundreds of billions of dollars leave the United States and go to China. Our once great manufacturing cities in Detroit are deteriorating while new factories and skyscrapers are flourishing in China. Our nation buys much more from China than they buy from us. China has loaned the U.S. over $1 trillion, which has given China a tremendous amount of leverage over us, and they have been buying up our businesses, real estate, and natural resources. We send China our money and they use it to buy pieces of our country. Every day, China's ownership over us grows, and it is indeed frightening when one considers where (and if) it will end.
Earlier, the Federal Reserve announced that they gave approval for the Chinese-owned banks to buy shares in our banks.
A recent investigation by the U.S. Senate Committee of the Armed Services found more than 1 million counterfeit Chinese parts in the Department of Defense supplies.
After being bailed out by U.S. taxpayers, GM is now involved in 11 joint ventures with companies owned by the Chinese government. The price of entering into these joint ventures with the Chinese was a transfer of the State of the Art Technology from GM to the red Chinese.
A Chinese company, known as "Simo-Michigan Properties LLC" has purchased 200 acres of land in the town of Milan, Michigan. Their goal: to build a "china city" with artificial lakes, a Chinese cultural center, and hundreds of housing units for Chinese citizens.
Corporations controlled by the Chinese government have been rapidly buying up U.S. oil and gas deposits with billions of dollars, and real estate all over New York City.
Major road and bridge projects all over the U.S. are being built by Chinese companies by Chinese workers while millions upon millions of blue collar American workers are jobless.
The new World Trade Center is going to include glass that's been imported from China.
The Martin Luther King memorial on the National Mall was made in China.
A few years ago, a large Chinese company was considering building a 10,000 to 30,000 acre technology zone for industry, retail centers, and homes just south of Boise, Idaho.
Our trade deficit with China in 2011 was $295.5 billion. This was the biggest trade deficit that one country has had with another in the history of the world.
In 2011, our trade deficit with China was 28 times greater than it was back in 1990, and more than 49,000 times larger than it was in 1985.
Back in 1998, the U.S. had 25 percent of the world's export market, and China had 10 percent. Today, China's high tech exports are more than twice the size of U.S. exports.
According to the Economic Policy Institute, the U.S. is losing half a million jobs to China every year.
The U.S. spends about $4 on goods and services to China for every $1 China spends on goods and services from the U.S.
According to U.S. Betty Sutton, an average of 23 manufacturing facilities per day closed down in the U.S. in 2010.
The U.S. lost 33 percent of its manufacturing jobs since 2000.
In 2010, China produced more than twice as many automobiles than the U.S.
In 2012, China produced 627 million metric tons of steel. The U.S. produced 80 million metric tons of steel.
85 percent of artificial Christmas trees are made in China.
Right now, China is producing more than three times as much coal as the U.S.
China is now the number one supplier of components that are critical to the operations of the U.S. defense systems.
According to author Clyde Prestowitz, China's number one export to the U.S. is computer equipment. According to the U.S. News and World Report, during 2012, the number one U.S. export to China was scrap and trash.
China now has the fastest super computer on the planet.
China now holds approximately $1.17 trillion of U.S. debt. If you were alive when Jesus was born and spent $1 million per day, you wouldn't have spent that much money by now!
In the section of the International Forecaster, dated Wednesday, Feb. 23, 2011, there is confirmation that sources at the U.S. Embassy in Bejing, China, confirmed that the U.S. has given to China a written agreement that grants the People's Republic of China an option to exercise Eminent Domain within the USA as collateral for China's continued purchase of U.S. Treasury notes and existing U.S. currency reserves. Did the U.S. grant Eminent Domain to China to secure debt as collateral for continual Chinese funding of the U.S. deficit spending and the continued carrying of the U.S. national debt?
A written agreement was brought to Bejing by Secretary of State Hillary Clinton, and was formalized and agreed to during her recent trip to China. There is an endeavor to obtain images or copies of an actual document. This information came from this website: http/heavenawaits:wordpress.com/china-given-eminent-domain-over-usa/
Our President is going to spend a lot of money, which he is going to get from China, and he's going to sell them government backed bonds. The Chinese are betting that he won't be able to make good on them. The feds have now actually mortgaged the physical land and property of all citizens and businesses in the U.S. They have given a foreign power their constitutional power to take all of our property as actual collateral for our debt.
Is it an Internet rumor that the major purpose of Hillary Clinton's February trip to China was to make sure that the Chinese would continue to buy U.S. treasury debt in the trillions of dollars so that the Obama administration can continue to fund massive budgetary deficits planned for economic bailouts, and the unprecedented expansion of the welfare state?
Laura Tischler, a State Department press officer said, "There is no factual basis or substance to this report." Well, Laura, we'll just have to wait and see.
Faye Ruckhardt, Nesquehoning