Is China’s Economic Policy A Copy Of Wal-Mart’s Economic Policy?

 

When I was in college a decade ago I learned that in the U.S. that Wal-Mart, (Sam’s Club) (Lowe’s) (Walton family) had one dollar out of every nine dollars going through their hands each year according to the GDP. This is great if you are a person that holds a whole bunch of Wal-Mart stock, or is it? That would depend on if you are a person who loves this country, or if you are a person whom does not. I learned back in the mid and late 1980’s that the Wal-Mart slogan of them only selling American made products was a total lie. Back then I drove a truck for a living and when trucks going into the docks of North New Jersey to pick up loads going to Wal-Mart Distribution Centers it was a normal thing that the material we were to pick up would be staged on the docks waiting to be put onto the trailers yet we would have to wait for several hours to get it loaded. The reason was that the dock employees first had to remove all of the stickers saying where the products originated, like China, and then put on stickers saying “made in the U.S.A..” In my opinion Wal-Mart grew the way it did through lies, deceptive marketing, and fraud.

 

I really liked radio commentator Paul Harvey a lot, I really liked listening to his stories, the only trouble I had with him was that he was very naive. He used to talk about how we couldn’t have a better neighbor than when your community got a Wal-Mart store in their town. We the people and the small business people of these towns knew better. When a Wal-Mart store moved into a town pretty much all of the small store and all of the ‘Mom and Pop’ store quickly got put out of business. When this happened then the town’s people pretty much ended up having to shop at that Wal-Mart store or travel long distances to places that didn’t yet have one. Do you remember how it used to be a normal thing for a new Wal-Mart store to be built across the street from a K-Mart store and how then most of those K-Mart stores went out of business? Wal-Mart did finally quit the lies about only buying made in America products as we the people learned that we were buying items laced with poisons, they didn’t have American companies to blame it on, they had to come clean to the public about where the products really came from. In most cases it was coming from China. This poison was in may things, like baby food, pet food, and the pain on children’s toys. Many other U.S. companies are guilty of these actions as it is they whom closed their factories here in the States and Canada so that they could reap higher profit margins by using the much cheaper labor markets in Asian countries like China. If you noticed when a company moved their factories to a cheap labor market when those products showed up on store shelves here in America the prices did not go down for the consumers. The game is all about profit margins.

 

As companies here in North America put our workers on the unemployment lines destroying our own country, China started to boom. Wal-Mart had multiple half a billion dollar cargo ships (made in China) built that are too large to go through either the Panama Canal or the Suez Canal. These ships were built to sail from China to the west coast ports of North America. For Wal-Mart it is a win-win situation as they do not have to pay other companies to haul their freight for them. Just like they are phasing out their own truck drivers and started contracts with the lowest bidders, it is about maximum profits, period. Folks, when we buy products that are made in China we are putting money into the Chinese coffers and raising our dept to them. How much longer will it be until the Chinese Government calls in the loan on the 13 trillion dollars we owe them? How much longer will the dollar be the world standard-bearer? How much longer until the world currency is China’s Yuan (Renminbi (RMB))? Have you ever went around your local stores and checked where the products were made? Is it any wonder that now the U.S.Congress is trying to pass a bill making it where the people aren’t even allowed to know where the meat they buy comes from? Wal-Mart years ago got rid of the grocery packers forcing the customers to load their own groceries. Then they started putting in self checkout isles for the purpose of getting rid of the register checker employees. Last evening on the news I heard where they are now going to be replacing almost all of their office people with computers and robotics. If you have no employees you have higher profits, not lower priced products!

It is no wonder to me that as the U.S. is declining and that China’s military power along with their Leaders arrogance is increasing. Yesterday in China at the G-20 conference did you see how disgracefully and how arrogantly our President and his personnel were treated by the Chinese Government and their Officials? President Obama and those with him were treated as enemies, not as trading partners or as friends or even as someone they hoped to have as a friend someday. Yesterday the Chinese Government, (and you know damn well that their President Mr. Xi Jinping okay-ed those actions, they treated our President and the people of our Country as though He (President Obama and Us) did not deserve any courteousness. Yesterday the Chinese Government basically took a piss in the face of our President and our Nation!

 

Folks, every time you or I buy an object here in the U.S. (OR ANY PLACE THAT IS NOT IN CHINA) we are putting bullets in their guns that they will use against the U.S. and against the rest of the world. For years their policy has been to make things for the foreign markets as cheaply as possible. The ideology is simple, play on the greed of the people and companies in the open world markets. This gives work and wages to their own people while taking jobs away from other countries, closing up their factories and their industrial center capabilities. This also takes tax revenues away from other Nations making it impossible for other countries to afford to buy or build weapon systems even for self-defense. Just like with Wal-Mart ideology of putting everyone else out of business so that they rule where people can buy any product and what that price it is allowed to be, China is using that same philosophy. Pretty soon China will enforce its domain over the South China Sea and they will give Taiwan the option of surrender or be blockaded from all outside trade and revenue. They will do this as Russia weakens NATO’s resolve to their west, just like Turkey (a NATO country) is dividing NATO via courting Russia, the EU, and the U.S. concerning the Kurdish people. How many fronts are the people of the U.S. willing to go to war with? Russia believes they can break NATO and China believes that the U.S. does not have the will to go to war with them. As China makes the U.S. weaker economically, they believe they make the will of our people to go to war weaker. Unfortunately I believe that these actions will come about in less than one decade. Wal-Mart has used China well, or, is it that China has used Wal-Mart well?

China And Canada Will Work Together In Asian Infrastructure Investment Banking

(This article is courtesy of the Shanghai Daily News Paper)

Canada confirms plans to join AIIB

CANADA will apply to join the China-backed Asian Infrastructure Investment Bank, Ottawa’s finance department said yesterday, in a coup for Beijing after Washington had tried to dissuade US allies from signing up.

“Canada is always looking for ways to create hope and opportunity for our middle class as well as for people around the world,” Finance Minister Bill Morneau said in a statement issued in Beijing.

“Membership in the AIIB is an opportunity to do just that,” he said.

The Beijing-headquartered multilateral lender, which began operations earlier this year, has been seen by some as a rival to the World Bank and the Philippines-based Asian Development Bank, which was founded in 1966.

The US$100 billion AIIB counts several major European countries among its shareholders after they joined up despite the objections of the United States.

The United States remains by far the world’s largest economy and hosts both the World Bank and International Monetary Fund.

AIIB President Jin Liqun welcomed Canada’s decision, which he called “a vote of confidence” in the institution that showed Ottawa’s “confidence in the strong foundations the bank has built in our first few months.”

The US and Japan — the world’s third-largest economy — have notably declined to join the AIIB.

But Jin said that Washington now had a “very positive opinion on the bank.”

China “does not regard itself as the big boss” in the lender, he added, and its shareholding would “definitely be diluted” as more members joined, which could ultimately lead to Beijing losing the de facto veto power it holds over some of its decisions.

In a speech, Morneau suggested Canada was seeking to strike a balance between the US, its close ally and neighbor, and the growing Asian giant.

China is Canada’s second-largest trading partner after the United States, with exchanges topping C$85 billion (US$66.5 billion) last year.

“We have important relationships with the world’s most powerful nations and have developed a capacity for mutual accommodation and governance,” Morneau said yesterday in Beijing.

“Should we become the first North American member of the AIIB, I have every confidence that we bring constructive and balanced views to the table.”

Joining the China-backed lender would create jobs and business opportunities for Canadians, he said, adding, “Participation in the bank is clearly in Canada’s best interest.”

Canada’s announcement came during Prime Minister Justin Trudeau’s visit to China, where he met Premier Li Keqiang to try to strengthen ties before the G20 summit this weekend in Hangzhou.

Trudeau yesterday hailed a new era in relations with China during his first official visit to a key trading partner, saying he aims to boost “stability and regularity” in their ties.

Trudeau and Li agreed to annual meetings and the eventual establishment of a mechanism to discuss national security and rule of law. Trudeau said they will work together to discuss issues of common concern, including climate change, judicial training, gender equality and empowerment of women and children.

“Renewing our relationship with China is extremely important to Canada,” Trudeau said at a joint news conference after his meeting with Li. “Until now, the China-Canada relationship has somewhat lacked in stability and regularity.”

Trudeau and Li also announced an agreement to extend a September 1 deadline that China had imposed on Canada to tighten its screening of canola exports, which could have led to major losses for Canadian farmers.

China is the biggest foreign consumer of Canadian canola, which is usually refined into an edible oil, but Li said Chinese canola producers and consumers were worried about imported canola carrying disease. Trudeau said Canada and China were working “very closely toward a long-term solution in the coming days and weeks ahead.”