Wednesday, May 4, 2016

The Millennium Report — Donald Trump compares the US’s trade deficit with China to RAPE and promises to ‘turn it around’

The Republican frontrunner, who has lashed out at ‘politically correct’ speech in the past, told supporters: ‘We cannot continue to allow China to rape our country. And that’s what they’re doing.’
While the bombastic billionaire has often attacked the U.S.-Chinese trade deficit, the Fort Wayne rally marks the first time in recent history he has chosen to use the word ‘rape’ to describe it.

Donald Trump accused China of carrying out ‘the biggest theft in the history of the world’ over the U.S. trade deficit, comparing it to ‘rape’ in a typically inflammatory speech.
According to CNN, Trump has used the inflammatory term to describe the deficit once before, back in 2011, as he toured a defense manufacturer in New Hampshire.
Trumponomics.

The Millennium Report
Donald Trump compares the US’s trade deficit with China to RAPE and promises to ‘turn it around’

10 comments:

Simsalablunder said...

Well, there you go again. It's the _Chinese_ who rape the US and the US owner elite has nothing to do with anything. They're like new born innocent children who needs to be rescued from the foreign baby eaters.

Matt Franko said...

I prefer my 'USD zombie' schtick to describe these second rate nations myself...

Sims the Chinese firms are not owned by US owners where are you getting that?

Here:

"DANIEL SLANE, U.S.-China Economic and Security Review Commission: They have told their domestic industries, like Shuanghui, go out and find these companies and acquire them. And, in effect, American companies are not competing with a Chinese company, but with the Chinese government, and they can’t win that competition."

Hence the 'rape' metaphor from Trump...

http://www.pbs.org/newshour/bb/whos-behind-chinese-takeover-worlds-biggest-pork-producer/

More:

"MAN: We are curing hams the same way it was done during colonial times, Jamestown, Williamsburg, right on up to now.

NATHAN HALVERSON: The town is also home to the world’s largest pork producer, Smithfield Foods. This factory processes more than 10,000 pigs a day.

MAN: We have got boneless loins, bone-in loins, butts, back ribs, spareribs, neck bone, cushions. We have got an assortment of everything.

NATHAN HALVERSON: And this is going all over the country?

MAN: All over the world."

The Chinese firms COULD NOT compete with 10,000 per day... so the govt used official USD reserves to just buy Smithfield out... ie "rape"....

Matt Franko said...

Sims the Chinese will probably soon have coolies brought in to Virginia to work in the plant and work 24/6 days a week and hot-bunk in dormitories like the good old slave days in colonial Virginia... ofc with trapeze nets installed all around the bottom of the dormitories so the coolies cant jump off the roofs to commit suicide....

But think of all the additional increased USD balances the second rate Chinese nation will be able to accrue as a result!

Bob said...

What choice words would Trump use to describe "farm subsidies"? You know, the kind of subsidies that make US, European producers more "competitive".

Matt Franko said...

Bob those subsidies are to INCREASE the prices:

http://www.ewg.org/agmag/2015/07/taxpayers-bill-farm-subsidies-30-billion-2018

"When the latest Farm Bill was passed – after fevered debate over subsidies that for decades have flowed disproportionately to the largest and richest farmers – the estimated cost from 2014 to 2018 for federal crop subsidy programs and marketing loans combined was $23.6 billion. But the latest estimates from the Food and Agriculture Policy Research Institute at the University of Missouri are that the total cost of the two programs for those years will be $29.9 billion.

The Institute’s U.S. Crop Program Fiscal Costs Report, released last week, said that the increase is driven by much greater than expected enrollment in the Agriculture Risk Coverage (ARC) program, which pays all farmers in a county if the county-wide revenue for a covered commodity falls below a predetermined level."

And its a measly 24B over 4 years or 6B per year...

The Chinese solution is to DUMP products whose price has collapsed for less than cost ... for USDs and EURs... ie the premier WESTERN currencies...

theyre a disgraced zombie nation who cant even figure out how to simply hack our western institutions...

they have to suppress the standard of living of their OWN citizens in order to accrue USD balances that they then try to use to buy out out western institutions because they are too stupid to even figure out how to just simply copy them...

Bob said...

The US is a major exporter of food. If China is dumping, then the US is dumping.

Indeed, some of the internal markets are regulated, resulting in higher prices. Dairy products come to mind as an example in Canada.

Bob said...

http://www.investopedia.com/financial-edge/0712/top-agricultural-producing-countries.aspx

Btw, Venezuela provides an example of what can happen when you ignore agriculture.

Simsalablunder said...

"Shuanghui, go out and find these companies and acquire them. And, in effect, American companies are not competing with a Chinese company, but with the Chinese government, and they can’t win that competition."

As if there US owned companies are forced to sell… They choose to sell.

Matt Franko said...

Theyre public companies Sims.... for sale all the time... if somebody makes a tender it has to go to the board/shareholders for a vote...

What public purpose does it serve the Chinese citizens for their govt to be acquiring a 100 yo Virginia Tidewater ham/bacon producer?

What public purpose?

They are a disgraced second rate USD zombie nation.....

Simsalablunder said...

"if somebody makes a tender it has to go to the board/shareholders for a vote..."

And those board/shareholders are from where? Mars? China? USA? As I said they choose to sell.