Are you ready? I think this is gonna be a rough couple years.

[Amish Heart]

https://www.americanthinker.com/art...ent_manufacturing_jobs_to_china_comments.html
September 19, 2016

How Bill Clinton Sent Manufacturing Jobs to China​

By Michael Bargo, Jr.




On May 28, 1993 Bill Clinton signed Executive Order 12850. This improper EO changed the way the U.S. made trade deals with China and led to the loss of tens of millions of American manufacturing jobs. The story of how this was done not only proves that the Clintons are behind the loss of American jobs, but shows how Bill Clinton established a Democratic strategy for manipulating foreign policy that was copied by both Hillary while she was Secretary of State and Obama while he was president.

At the time, U.S.-China trade relations were conditioned upon China’s humanitarian treatment of its own citizens. Americans had seen protesters in Tiananmen Square crushed by Chinese tanks. The brutality of the Chinese toward unarmed protesters had shocked Americans so much that China was required to treat its citizens in a humanitarian way in order to maintain its MFN (Most Favored Nation) status.
China desperately needed to keep its MFN status for one reason: only with MFN status could it get a huge discount on tariffs it had to pay to the U.S. With MFN Chinese manufacturers only had to pay a 6% tariff. Without it they would have had to pay an unprofitable 40%. So without its MFN status China couldn’t as easily compete with American manufacturers. China’s MFN status was suspended during the Korean War, but conditionally reinstated in 1980 under the Jackson-Vanir freedom of emigration amendment to the Trade Act of 1974.

This is where Bill Clinton stepped in. With his 1993 Executive Order, he unconstitutionally seized control of the MFN conditions, removing it from the involvement of Congress, just as Obama seized treaty control away from the Senate with his Iranian nuke deal.
Clinton’s Executive Order was issued at a time when the U.S.-China trade deficit was only $18 billion a year. In 2015 the deficit was $367 billion.

Aha it was Clinton, not Carter. I knew it was a C guy.

 

[Hardcalibres]

BRICS nations now have 45% of the worlds population and about 40% of the world's GDP.

BRICS was specifically setup to break any control the US has over the world around it.

At the current rate of nations joining BRICS, both those metrics will be >50% in about a year.

The US will not survive the world abandoning the US dollar as the common world trading currency.

That is the elephant in the room.

US Isolationism was unwise a hundred years ago.......but now it is just plain silly. The US needs the money it makes offshore to sustain even the consumption that all would agree is the minimum. The US is stuck with the rest of the planet whether it likes it or not. All the US can do is try to make the rest of the planet play by US rules.......and make other nations pay a fee to the US for the order it provides........but that is the opposite of isolationism.

Do tariffs and a trade war started by the US make other nations more or less likely to join BRICS?

Why fight a more aggressive trade war against non-BRICS nations than BRICS nations?

Tariffs are a tax on consumers..........and so they will put upwards pressure on inflation.......which had not been beaten.

Those who are doing it tough on a fixed income now should be worried. They are on the front line of the trade war.

......and a final warning on the underlying approach in the US now.......Oligarchies only benefit the Oligarchs. There is never enough left over to benefit ordinary folks.

The revenue raised by these tariffs are going to be used to cut corporate tax rates.......which will be very popular with the Oligarchs that spent a lot on campaign donations.

 

[Neb]

....

The revenue raised by these tariffs are going to be used to cut corporate tax rates.......which will be very popular with the Oligarchs that spent a lot on campaign donations.

Aren't corporate taxes passed on to the consumer?

Ben

 

[Hardcalibres]

Aren't corporate taxes passed on to the consumer?

Ben

Perhaps when taxes go up.........but when they come down.........Not necessarily.

The US corporate world was once well connected to the US population......but no more. A few years ago, when interest rates were low, many US corporations were borrowing money, calling it profit and paying the senior executives bigger bonuses.

Don't expect the Oligarchs to bring ordinary Americans along for the ride.

They can see the writing on the wall. If they get a windfall now, they will be finding a place to store that in safety (which may well be offshore).

 

[rice paddy daddy]

As Hardcalibres correctly points out, the fact that the US dollar is the world's reserve currency, and the fact that oil is traded in US dollars, is the only thing keeping this country from bankruptcy.

Politicians in BOTH parties have misused the trust the world has in the dollar to literally print trillions upon trillions out of thin air to spend currying favor.

 

[Mountain trapper]

The new guy seems willing to make sure we live like a third world nation and we should like it.

Why do you keep saying "the new guy"? Are you trying to be insulting? In case you haven't heard the American people voted for Donald Trump for president by an overwhelming majority.

 

[Magus]

You strike me as someone who's intelligent enough to carve out a living

Maybe back in the old days I could, but I can't stand, walk, or sit for more than ten minutes without being bedridden for 3-5 days. I used to get by making knives and sharpening tools, but not anymore, all because some monkey-faced Mexican had to be eating a taco instead of watching his job! That wasn't racial by the way, the little SOB was as ugly as any ape you ever saw! Makes me wonder why I bother to prep. I guess I'm too stupid to quit.

 

[Magus]

Oh look, Canada broke just like Mexico.
https://www.foxnews.com/politics/trump-agrees-pause-tariffs-canada-exchange-more-border-enforcement

I told you guys, the Don has a plan!

 

[Hardcalibres]

Canada and Mexico are a side show in this......and they have just agreed to "talks".

The progress of BRICS expansion and the bilateral trade imbalance between the US and China is the real (multi trillion dollar) issue.

 

[SOAH]

My employer at that time let us know when new management had taken over that there would be absolutely no alterations for our behalf, and that if we were told to be there, we needed to be there or we would be fired. That was a major reason there was a mass Exodus in my department a few months later. They are one of the biggest employers in the area though.

We had kids when we were stable enough with 1 income and no debt. 2 health emergencies requiring hospitalizations, a completely tanked economy and damage to our home changed circumstances. Sometimes the best laid plans don't work out.

Look, I hope you don't think I am passing any judgement on you. I only explained what we did when we did it. We almost lost our house in 2008 when the economy tanked. Both our jobs dried up and we worked whatever we could to make ends meet. Wiped out a lot of retirement savings to keep our home and made concessions with work and what we deemed important. We were blessed in the end and decided what actually mattered. I grew up hungry in the early years; watching mom eat a mustard sandwich on a single slice of bread so I could have the last one for a sandwich with a single slice of lunch meat or peanut butter. We survived. Fast forward to adulthood, I determined I would never be so poor that I could not eat or provide food for my family. I've given up a lot. Yes, my current vehicle is a 2018. Bought with a $6000 trade and $5000 cash. Financed the remaining $12000. Finally paid off 5 years later. I just want you to know I as well as many others have fought this fight and you will make it through with some effort. I didn't plan on my wife having open heart surgery this past summer. We were fortunate that medicare covered most of it. As you said, sometimes plans don't go as expected but either way you push through. I voted Trump hoping our great grandchildren have a future. It may be rough the next couple of years but we will get there. The previous administration did nothing to further the position of the working class in my opinion and I believe that Trump previously had the best interests of the American people and is putting that as a priority again. I hope you get my point. It will get better.

 

[Magus]

Canada and Mexico are a side show in this......and they have just agreed to "talks".

The progress of BRICS expansion and the bilateral trade imbalance between the US and China is the real (multi trillion dollar) issue.

"Talks" buys time and indicates a suitable compromise can be had.

 

[Patchouli]

Couldn’t afford childcare, wanted to be a stay at home mom anyway. My husband made good money but grandparents watching the kids would not have been doable. Compared to other families we were in poverty (not really but it was tight).
Yes, I think we’re in for a tight

 

[Mountain trapper]

When my kids were little I worked as a welder starting out a $5.36 per hour. We never had childcare for the kids. Their mom stayed home with the kids. Sure it was tight, but we managed to raise 2 kids and buy a house, starting out at 19 years old. I worked every bit of overtime that I could get, plus I did ranch work whenever possible too @ $2.75/hour. I never once felt that we were in "poverty". It's just the way things were.

 

[montanabill]

Interesting thread.....
As far as jobs for two working parents with kids....check into night watch for someone who is disabled and staying in their home with family...You might need to change adult diapers but the job can pay you to mostly sleep...

Double up with someone else...we share our home with a young family and a deadbeat teen.. We look after the toddler on the rare occasion and between the two families we have several cars that usually run. The family chips in on our house payment and it works for everyone..

What habits do you currently have that will get much more expensive in the future? We have a selection of stainless insulated drink cups (bought at the thrift store) so we take our coffee with instead of buying those expensive double soy foamed organic sprinkled drinks. The time to implement new habits and lose old ones is now before it goes cold turkey.

I expect to see boarding houses and poor farms in the future... Investigate what your role will be.

If you have no assets and no ability to make enough money to support yourself and those you care about.......time to try something different.. Human nature is to survive so get to it.

If you won't do a lesser job and would rather starve.......better invest in this book.
https://www.amazon.com/Final-Exit-P...8633350&sprefix=the+final+exit,aps,227&sr=8-1

 

[Aerindel]

Why do you keep saying "the new guy"? Are you trying to be insulting? In case you haven't heard the American people voted for Donald Trump for president by an overwhelming majority.

He won by an overwhelming majority of points in the game.

The people only voted for him 1.5% more than they voted for the other one.....

I mean, a win is a win....but profoundly untrue to say the people voted for him by an overwhelming majority.

 

[Mountain trapper]

He won by an overwhelming majority of points in the game.

The people only voted for him 1.5% more than they voted for the other one.....

I mean, a win is a win....but profoundly untrue to say the people voted for him by an overwhelming majority.

Trump won the electoral college and the popular vote. That's all that matters. He's the president for all Americans.

 

[Binky]

Oh look, Canada broke just like Mexico.
https://www.foxnews.com/politics/trump-agrees-pause-tariffs-canada-exchange-more-border-enforcement

I told you guys, the Don has a plan!

What that article doesn't tell you is that Canada already did all of that border enforcement stuff, the new blackhawk helicopters, drones and other technology, the installation of 10,000 personnel and the enhanced coordination with American authorities and the RCMP etc., etc., etc. starting 6 weeks ago when Trump first made his demands in December and all of the demands have already been done.

Canadians have been watching the progress of all of it happening from the beginnings of installations since mid-December to now on the news coverage on Canadian TV broadcasters for the past 6 weeks. Like every night. Trump has known for 6 weeks that it's already been done. So what is the purpose of this cat and mouse game he's playing with Canada? And why shouldn't Canadians be choked about his games?

I really wonder why nothing has been said about any of that in that article or any other American media and news outlets. Why would that information be withheld or hidden from Americans when all of Canada has already known about it and have watched it happening for 6 weeks already, beginning to completion? It doesn't make sense.

 

[Hardcalibres]

What that article doesn't tell you is that Canada already did all of that border enforcement stuff, the new blackhawk helicopters, drones and other technology, the installation of 10,000 personnel and the enhanced coordination with American authorities and the RCMP etc., etc., etc. starting 6 weeks ago when Trump first made his demands in December and all of the demands have already been done.

Canadians have been watching the progress of all of it happening from the beginnings of installations since mid-December to now on the news coverage on Canadian TV broadcasters for the past 6 weeks. Like every night. Trump has known for 6 weeks that it's already been done. So what is the purpose of this cat and mouse game he's playing with Canada? And why shouldn't Canadians be choked about his games?

I really wonder why nothing has been said about any of that in that article or any other American media and news outlets. Why would that information be withheld or hidden from Americans when all of Canada has already known about it and have watched it happening for 6 weeks already, beginning to completion? It doesn't make sense.

This could be a blessing in disguise.

Trump gets his victory lap and Canada just keeps doing what they were already doing.

The last time Trump was president, the Russians and North Koreans both worked out that if you flatter Trump personally, he gives you what you want.

Just in......

China has filed a WTO complaint and retaliated with their own sanctions. As I said in post #129, the China US trade imbalance is the real issue here......and the Chinese will play hardball.

https://www.news.com.au/finance/eco...ive-coverage/7c170ca95c2f8207e6a2799b417186ad

China has also announced it will impose tariffs of 15 percent on imports of coal and liquefied natural gas from the United States, in retaliation for Washington’s 10 percent levies on Chinese goods.
Beijing’s finance ministry also unveiled 10 percent tariffs on imports from the United States of crude oil, agricultural machinery, large-displacement vehicles and pickup trucks.

It can be argued that Trump is in about the best position of any newly elected president for a while.

1. He got a clear victory
2. He has a pretty strong mandate
3. He has about the easiest "act to follow" from Biden

We will see how he has done in a few months.........but he has a risky cabinet......many have years of scandals already in their records......some will be accident prone.

But I suppose he has lots of experience firing people.

 

[sonya123]

The revenue raised by these tariffs are going to be used to cut corporate tax rates.......which will be very popular with the Oligarchs that spent a lot on campaign donations.

but if the average American has no money to buy stuff, the corporations won't have money either

What's funny is that everything could change again in just 2 years . If things get really bad here, Congress could fill up with democrats
The scary thing is this, if things get bad enough, people will vote for some really bad choices, or even have a revolution. This is sort of what happened to Venezuela. They initially voted for their communist. Germans voted for Hitler with an overwhelming majority too.

I hope Trump is smart enough to keep something like that from happening

 

[elkhound]

What that article doesn't tell you is that Canada already did all of that border enforcement stuff, the new blackhawk helicopters, drones and other technology, the installation of 10,000 personnel and the enhanced coordination with American authorities and the RCMP etc., etc., etc. starting 6 weeks ago when Trump first made his demands in December and all of the demands have already been done.

Canadians have been watching the progress of all of it happening from the beginnings of installations since mid-December to now on the news coverage on Canadian TV broadcasters for the past 6 weeks. Like every night. Trump has known for 6 weeks that it's already been done. So what is the purpose of this cat and mouse game he's playing with Canada? And why shouldn't Canadians be choked about his games?

I really wonder why nothing has been said about any of that in that article or any other American media and news outlets. Why would that information be withheld or hidden from Americans when all of Canada has already known about it and have watched it happening for 6 weeks already, beginning to completion? It doesn't make sense.

this is example of in this thread i said he needs to not run his big mouth so much....he doesnt have to do some of the stuff he does but its part of his personality. he sure didnt need to talk that greenland bullcrap...its not going to happen unless the u.s. just takes it...i dont see that happening..especially with what i read last several years from greenland stopping all development or most to preserve greenland more geared towards a natural state for the majority of its peoples who are indigenous and their historic lifestyle mixed with some modern.

 

[OldSchool]

If we can't survive a rough couple years.... write your will..... and hope the survivors thrive with your proceeds.

 

[Acdoctor]

I will gladly go thru a couple ruff years to try to bring back America from what has been done to the economy, stop all this wasteful spending that has been going on over the last four years, if you have children just look what we have gifted them with all this freebies for every country but not people here in the USA that need help, $750.00 if you qualify.
It’s time we get our head out of the sand and stand for what’s good for us citizens.

 

[elkhound]

I will gladly go thru a couple ruff years to try to bring back America from what has been done to the economy, stop all this wasteful spending that has been going on over the last four years, if you have children just look what we have gifted them with all this freebies for every country but not people here in the USA that need help, $750.00 if you qualify.
It’s time we get our head out of the sand and stand for what’s good for us citizens.

all efforts inside our border..all efforts period....and no bullcrap stuff for awhile till we get a firm grip on our debt and more.

 

[joel]

I think it is not going to be that bad.
A lot of hot air is being throwed around, none of these countries can afford to go up against the USA. I love harbor Freight for hand tools, but I can buy other band of tools if need be. POUS Trump is a business man & if he get half of what he is asking for, we win.
NATO pay there share, we are out of the climate accords, no longer in WHO.
Drilling will bring Petro down, that a big one for the work person.
All I see is a win win.

 

[Sourdough]

Pushbacks will be violent and incredibly destructive. And very expensive.

To be clear I am NOT saying don't make these changes.

I am saying if you're a prepper, be ready. Be ultra super ready, A lot of people are going to have their lives destroyed. I don't expect them to just roll-over and accept it. I can envision massive rioting and massive infrastructure destruction.

We are entering the perfect "social/political" unrest that any outside country would love to see. It is easy to fire-up people who are pissed, and feel the government is unfair. (Translated: exactly the environment the CIA loves).

Outside agitators will milk this gift.

 

[Snowman]

I think it is not going to be that bad.
A lot of hot air is being throwed around, none of these countries can afford to go up against the USA. I love harbor Freight for hand tools, but I can buy other band of tools if need be. POUS Trump is a business man & if he get half of what he is asking for, we win.
NATO pay there share, we are out of the climate accords, no longer in WHO.
Drilling will bring Petro down, that a big one for the work person.
All I see is a win win.

I bought a set of Pittsburgh Tools at Harbor Freight and the label on the back says "Made in China"...!!!

 

[Snowman]

"Talks" buys time and indicates a suitable compromise can be had.

America First...!!!

 

[Mountain trapper]

I bought a set of Pittsburgh Tools at Harbor Freight and the label on the back says "Made in China"...!!!

Almost everything that Harbor Fright sells in made in China crap. I went to one of their stores one time years ago. Ive never seen so much China junk, outside of Walmart. About the only thing that I found made in the US was WD 40.