Most people who believe in free markets and free market economies also believe in global trade; free and fair trade that is. But that’s not what we have in the world, especially when one of our major trading partners operates in a world of state-run capitalism, currency manipulation, and actually sees international trade as a lesser form of war. But before I go, and blame China for the ills of the global economy, even if it is a rather large factor, I would like to point a finger at the European Union.
You see, they’ve been telling us for years how to run our economy, government, finances, and economic affairs. Of course, the EU is about ready to crash and come apart. In part due to socialism, and socialist governments that are part of the euro zone. Whereas there may be a common currency called the “Euro” which continues, it appears that the euro zone will not look the same as it does now in five years.
Every time a US company goes to Europe and starts doing very well, the European Union attacks it through their regulatory process. They’ve attacked all of the great American companies which have tried to get into that market. And yet if we were to do the same, and usually we don’t; they scream bloody murder. The United States has been getting the shaft from the European Union for far too long.
Indeed, they’ve been attacking our nation and our largest corporations through schemes such as global warming, and they’ve done everything they can to stick it to us every time we turn around. Now the EU is in trouble, and we warned them that they were going to get into trouble, and they’d really like us to help out. I’d say it’s time to short the Euro, and short all European corporations and banks, and take them down for the count.
Am I suggesting economic warfare? Are you going to call me onto the carpet for wanting a little revenge for how we’ve been treated for the last couple of decades? Are you going to tell me that two wrongs don’t make a right? Well, what if I were to say to you that maybe the EU doesn’t deserve all the success it had in the past because they haven’t played fair? And what if I were to say to you that the future falling and collapse of the Chinese economy is also a just reward for how they played themselves against us as a favored trading partner?
There was an interesting article in the Associated Press on November 13, 2011 titled; “Ripples from Europe starting to hit US shores – Debt crisis starts to manifest itself as fewer orders from America’s biggest trade partner,” which stated;
“The EU crisis is impacting the US Economy; Stock-market gyrations unsettling consumers thus, curbing spending. U.S. firms with EU exposure are suffering from lower sales, prices and profits. Banks worldwide are cutting lending & hoarding cash due to potential losses on holdings of Greek, Italian and other government debt. U.S. and overseas banks are keeping about $1.57 trillion in reserves at the Federal Reserve, increase of $580 billion; and finally the uncertainty causing US corporations to hold onto their cash rather than hire and invest.”
Yes, we are being impacted by the EU crisis, it is affecting our stock market, and it will affect our banks and corporations. That means it will affect our employment recovery, and probably take our GDP growth down to 0%. Remember we were at 2.5% not long ago for GDP growth, and we were hoping that would accelerate. But obviously that can happen because we have exposure to Europe. So we are going to have 0% growth because Europe didn’t play things fair and inevitably collapsed their economy. Why should we get screwed twice?
If Europe falls, let them fall. If the Middle East falls let them fall. If China falls, let them fall. These folks have taken advantage of us at every single turn. They treat us like crap, and they are completely demanding. They won’t listen to our financial wisdom, or play fair with us. We are the largest economy by a factor of three on this obviously for a reason. We need to do things our way with a free-market economy, and nations that want to do business with us need to trade fair and square and stop screwing us.
It’s time for the American citizens to consider boycotting products from China, and demand that we are not involved in bailing out Europe. Why, because we should not reward bad behavior, and because our way works. At some point we are going to have to enforce the rules of free and fair trade on this globe. They play our way, or they have no access to our markets. Does that sound too harsh? Oh, I bet it will to the Council on Foreign Relations, the State Department, the World Trade Organization, the United Nations, and all the leaders of China and Europe, and while I’m at it – let’s not let Russia off the hook either.
It’s time that we stopped letting the rest of the world screw us on trade deals, and then demand that we help protect them. America first! And then secondly, we will do business with any nation on fair and free terms of trade. We will remain in communication with all nations, and friends with all nations. But we shouldn’t be trading partners with nations or groups of nations which keep stabbing us in the back. They play fair, or maybe it’s time we lay down the letter of the law.
It’s time to do it our way, because our way works, and their way obviously didn’t. If you disagree with what I have to say here today, you may shoot me an e-mail, but I suggest you come with facts, because I have economic data, and over two decades of clipped newspaper and magazine articles from all of the top economic and business publications. I don’t even need the Internet to back up my case. Please consider all this and think on it.