We all knew this was coming, now what happens?
The globalists put their plan into motion decades ago.
The proper meaning of the headline is not that China is an economic miracle, but that the United States, systematically stripped of its industrial might, is destined to fall even further. The Chinese economy is a haven of direct transnational integration. The outsourcing of manufacturing from domestic capacity is not solely a response of cheaper economic cost of goods production. No, the underlying reason for the migration of product assemblage is to weaken an independent American economy.
The news of this long awaited milestone, primarily announced in the foreign press, almost has a ring of glee. The Guardian reports that China has surpassed the US as world’s largest trading nation:
“China’s annual trade in goods passed the $4tn (£2.4tn) mark for the first time last year according to official data, after exports from the world’s second largest economy rose 7.9% to $2.21tn and imports rose 7.3% to $1.95tn.
As a result total trade rose 7.6% over the year to $4.16tn. The US is yet to publish its 2013 trade figures, but with trade totaling $3.5tn in the first 11 months of the year, it is unlikely to beat China.”
Further coverage presented in the Telegraph, the Financial Times and the BBC, reflects I told you so attitude.
“It’s always been a matter of time until China surpasses the US … and there are good reasons to believe that China is likely to retain this pole position for the foreseeable future.
“The trade figures look very healthy and the factors underpinning them are structurally sustainable. It is hard to see them being reversed significantly, at least in the short to medium term.”
Contrast this viewpoint with the assessment out of Marketwatch.
“And let’s not forget: The economic data out of Chinese agencies has long been seen as a bit questionable. Even the country’s own statistics office has said it is trying to clean up the inaccuracies. As our own Michael Kitchen points out, trade data has come under particular suspicion, as businesses disguise some money flows as trade to try to bypass controls.”
Of course, the U.S. press continues to make excuses that conceal the betrayal of American trade policy goals and practices. These are the same business journalists that repeat the statistical figures coming out of recent administrations that need revisions, when caught in dramatic errors of omission or deception.
Proponents of a structured destruction of America’s economy, laud international trade, as long as it slanted to eliminate domestic survival and reduces our standard of living. This lunacy, stated in Benefits of International Trade, does not square with the aftermath of a trade deficit that has become a permanent fixture.
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China passes milestone as it become the largest trading nation in the world
