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Trump: China "Laughing" at U.S. for Continued Borrowing from Them to Run Up Debt-VIDEO

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posted on Jan, 3 2011 @ 12:55 AM
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Donald Trump is proposing that America slap a 50% tax on all imports from China. He seems to think that this will somehow 'magically' get people working again. Although he did accept a bid for furniture from an American company because the quality is better than the stuff offered by the Chinese bidders,he doesn't seem to understand that the high cost of the American-made stuff is counterproductive during a severe down-turn. No matter how bad you want the 'good' stuff,your wallet is going to decide whether or not you can actually afford it.

The time when Americans had the financial means to choose between high-quality at a higher price and cheap-quality at a low price are over. Most people have no choice but to buy the Chinese-made stuff now from dumps like Wal-mart. Slapping high taxes on Chinese imports would be like the doctor cutting off your head to get rid of your migraine just because you balk at the price of the medication. This type of taxation would never work,period. America has reached the 'vanishing point' on this one. It's going to be time to pay up soon and the world knows America is broke. The only things it has left is a bit of land,infrastructure,resources and people. Care to guess which one is going on the auction block first?

Listen to Mr. Trump carefully in this video. He sounds slightly panicky and a bit confused. He's sort of all over the place in this interview. I'm not sure if anyone really knows what's going on anymore. You know it's bad when someone like him starts sounding a wee shaky. The End draws nigh,my friends.
edit on 3-1-2011 by FlyingJadeDragon because: edit for content

edit on 3-1-2011 by FlyingJadeDragon because: typo-misspellings




posted on Jan, 3 2011 @ 01:02 AM
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reply to post by FlyingJadeDragon
 


What a great idea..
After the deliberate destruction of the US manufacturing industry, why not tax the US tax payer more by increasing the price of the only goods left to buy, that is imported products..

A 50% tax would have worked when the US still had a munufacturing industry..
Now it will just boost the Government's coffers..

edit on 3-1-2011 by backinblack because: (no reason given)



posted on Jan, 3 2011 @ 01:06 AM
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He's right however IF Trump was ever to get elected, and he will say anything at this point to make it so, the powers to be behind the black curtain will have a little "chat" with Trump and Trump will do exactly as he's told or else!



posted on Jan, 3 2011 @ 01:07 AM
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reply to post by backinblack
 


You said it,man. Grasping at straws is all these 'white shoe' boys have left in their arsenal of Stupid Human Tricks. America tanks and Donald Trump can kiss his Empire goodbye. I'm sure he knows that.



posted on Jan, 3 2011 @ 01:21 AM
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Think about it:

We could slap the Chinese with a 50% tariff on all imports and start the biggest trade war in human history...OR we could continue the competitive currency devaluation(Currency war) and reach the same end in as much time... We must to have the biggest bunch of dumb asses at the helm of the USS America known to the universe in power. Nice going America, thanks for not paying attention for 100 years.


This is going to be a hell of a year.

Happy New Year

edit on 3-1-2011 by projectvxn because: (no reason given)

edit on 3-1-2011 by projectvxn because: (no reason given)



posted on Jan, 3 2011 @ 01:33 AM
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Originally posted by projectvxn
Think about it:

We could slap the Chinese with a 50% tariff on all imports and start the biggest trade war in human history...OR we could continue the competitive currency devaluation(Currency war) and reach the same end in as much time... We must to have the biggest bunch of dumb asses at the helm of the USS America known to the universe in power. Nice going America, thanks for not paying attention for 100 years.


This is going to be a hell of a year.

Happy New Year

edit on 3-1-2011 by projectvxn because: (no reason given)

edit on 3-1-2011 by projectvxn because: (no reason given)


Oh, I think they paid attention and achieved exactly what they wanted..
They destroyed the American dream and all it's industry while making huge profits by manufacturing overseas..
Now the Corporations have built up the economies of these overseas countries and now have more ready made customers for their goods and services..

When these economies build, they will simply move on to the next cheap manufacturing country and start the process over again..

Seems logical to me if Governments refuse to protect their industry..



posted on Jan, 3 2011 @ 01:36 AM
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Originally posted by projectvxn
Think about it:

We could slap the Chinese with a 50% tariff on all imports and start the biggest trade war in human history...OR we could continue the competitive currency devaluation(Currency war) and reach the same end in as much time... We must to have the biggest bunch of dumb asses at the helm of the USS America known to the universe in power. Nice going America, thanks for not paying attention for 100 years.


This is going to be a hell of a year.

Happy New Year

edit on 3-1-2011 by projectvxn because: (no reason given)

edit on 3-1-2011 by projectvxn because: (no reason given)


Funny thing is Gerald Celente is predicting a global currency war and increased trade barriers for 2011. Yes,it could be one hell of a bumpy year indeed. It doesn't matter at this point,both China and America seem poised for a collapse,for a variety of reasons, and the only path forward now seems to be all-out war (whether financial or otherwise).
edit on 3-1-2011 by FlyingJadeDragon because: (no reason given)



posted on Jan, 3 2011 @ 01:44 AM
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Trump is right. Slap 50% or even 100% tax on imports of China goods. You want to know why?

You buy a lousy DVD player that costs only $50 bucks. Upon only a few times, it cracks up. You look for something better but its costs $150, out of your budget. So back again you go again, to pay that same $50 player. Then again, within weeks, it cracks up again. You either give up watching dvds, or you simply go buy something for China that lasts only a few weeks.

So how much had you spent?

Such is the difference between quality goods and inferior goods. Quality lasts longer and stretches your dollar while inferior goods are not even worth the precious resources to make them.

The difference between a BMW and a china chery car is not just the 'show off' appeal, but the quality and performance of the car that makes the right buying decision. Either you live with constant maintenance and repair of the inferior car for the thousands you spent or save it up and get one that can last you for 10 long years with little maintenance.

Slave labour productivity, cutting corners production, shoddy materials - your choice to part with your hard earned money.

And worse if it coms to foodstuffs from China. You never know what you are eating, and may not be able to afford the health costs if you get sick from it.

With that kinda tax on inferior goods, at least it will help the consumer from making the wrong choices and provide jobs for americans at home to compete.



posted on Jan, 3 2011 @ 01:45 AM
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reply to post by FlyingJadeDragon
 


There's a currency war going on right now. They call it "Competitive Devaluation"(



posted on Jan, 3 2011 @ 01:57 AM
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It's amusing to hear "the Donald" pontificate on debt because he is arguably one of the most leveraged tycoons in the world. His entire business model is built on debt and leverage. His career has been a rollercoaster of catestrophic failure in hard times and phoenix-like ressurection to the nine-and-ten-figure range in good times because of this. Of course, its not fair to compare the habits of an individual to those of a nation. Still, this comes awfully close to the pot calling the kettle black. At the very least, even if he's never personally gotten a loan from a Chinese entity, soaring to such heights on a debt-based model would have been much more difficult if not impossible for Donald without all the hot money from Asia and elsewhere that had been sent cycling through the US economy over the past decade or two.



posted on Jan, 3 2011 @ 01:57 AM
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Taxing Chinese imports 50% will never, ever be done.

There are no more domestically made tires to keep DOD rolling. Without cheapo chinese Tires DOD wouldn't be rolling.

DOD doesn't care if they buy a Chinese tire and it fails within 7 days with a bubble on the sidewall. They will buy another chinese tire...and another....and another....why?

There ain't no domestically made product to buy otherwise. We're starting to see Chinese tires imported that are all in chinese on one side...with english on the other. There's no air pressure rating on the tire at all. If you ask DOT why they are allowing them to be imported without Federally required information on the tire....

You won't get a response. They will have to take whatever china will send them...to keep the country rolling.

They've got us by the cahoneys. We've lost power projection and our logistics lines will collapse with a 50% tax on chinese imported junk.



posted on Jan, 3 2011 @ 02:00 AM
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Originally posted by SeekerofTruth101
Trump is right. Slap 50% or even 100% tax on imports of China goods. You want to know why?

You buy a lousy DVD player that costs only $50 bucks. Upon only a few times, it cracks up. You look for something better but its costs $150, out of your budget. So back again you go again, to pay that same $50 player. Then again, within weeks, it cracks up again. You either give up watching dvds, or you simply go buy something for China that lasts only a few weeks.

So how much had you spent?

Such is the difference between quality goods and inferior goods. Quality lasts longer and stretches your dollar while inferior goods are not even worth the precious resources to make them.

The difference between a BMW and a china chery car is not just the 'show off' appeal, but the quality and performance of the car that makes the right buying decision. Either you live with constant maintenance and repair of the inferior car for the thousands you spent or save it up and get one that can last you for 10 long years with little maintenance.

Slave labour productivity, cutting corners production, shoddy materials - your choice to part with your hard earned money.

And worse if it coms to foodstuffs from China. You never know what you are eating, and may not be able to afford the health costs if you get sick from it.

With that kinda tax on inferior goods, at least it will help the consumer from making the wrong choices and provide jobs for americans at home to compete.



However,I should point out that America no longer actually makes most of the goods it would need to displace the imports with. How long do you think it would take to build enough factories to do it? Where would the money come from? And,given the sorry state of the economy,where would the customers come from? Who has the money needed to generate profits for the companies on a large scale? Not Americans,so then the companies are forced to find overseas markets which,you guessed it,means moving production overseas-yet again.

You think people would willingly start buying $300 or $400 dollar basic DVD machines or $1500 iPhones just because they are now made in America and doing so is good for the economy? Nope,people have gotten used to access to unrealistically cheap goods even at the sacrifice of their own well-being. As American's spending power deteriorates,you're going to see the quality of goods further decrease in order for China to keep lowering the price so that people will continue to buy. It's a vicious cycle.

And,on the subject of cars,that's a whole different dimension. The more expensive the car,the higher the incidental costs such as maintenance,insurance,title,tags,plates,etc...And then there's the whole business of even being able to qualify for an auto loan from the bank. You're argument is a bit too simplistic for the matter at hand,I'm afraid.

The economy is crippled and as I stated originally,the choice to buy American at a higher cost has all but vanished.
edit on 3-1-2011 by FlyingJadeDragon because: typo-misspellings



posted on Jan, 3 2011 @ 02:01 AM
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We've been calling doom for almost a decade right now, I'm still waiting for this "doom" to happen.



posted on Jan, 3 2011 @ 02:05 AM
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Originally posted by Segador
We've been calling doom for almost a decade right now, I'm still waiting for this "doom" to happen.


Ahh yes...

That's because these things take some time.

I will never understand why people feel bad things can never happen to America because 1- it's not happening fast enough for them, and 2- they refused to pay attention to how many times in history the same mistakes have led to the same fates...

But oh well.

no worries man...Currency wars are a great thing...Top notch economic thinkin' right there.

edit on 3-1-2011 by projectvxn because: (no reason given)



posted on Jan, 3 2011 @ 02:09 AM
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reply to post by projectvxn
 


Wolves are highly individualistic predators. They usually hunt alone. But when driven by hunger, they are known to hunt in packs and coordinate rather well to achieve their aims.

Similarly with Corporations. Many as still addicted to the blue pills and presumed Capitalism still exists in this world. It did existed but by the 70s, it had long disappeared as the larger firms with their wealth absorbed the small timers to become corporations and multi-national corporations, eradicated compettition, linking up under one direction with a common goal to achieve their aim - profit.

What the Corporation do not absorb, it does not want.

And consumers are the prey. Alone, each of us are powerless, just as one is powerless against one wolf, let alone the entire pack.

But with a leader that can unite us all as one, with common goals, a govt of the people by the people, we will become a force to be reckoned with, which no matter how big the wolf pack is, it will be deterred and packed running with their tails in between.

Throughout the history of mankind, there had been ups and downs of govt. In past centuries, monarchie had been a form of govt. There had been benovolence, and there had been tyranny. But the founding fathers of USA had given the world a better system - democracy - a set limited years terms, ruled by the people, for the people.

Like monarchies and any form of flawed human governance, it fails from time to time, but unlike monarchies, there is a choice for change, so long as the People are awake and not lulled to sleep as our generation had been.

Without responsible representatives of the people to keep the corporations in check, the corporations will only become like wolves, to gather, hunt in packs, divide, conquer us and tear us all to pieces to quench their own hunger, as is happening today.



posted on Jan, 3 2011 @ 02:12 AM
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Originally posted by projectvxn

Originally posted by Segador
We've been calling doom for almost a decade right now, I'm still waiting for this "doom" to happen.


Ahh yes...

That's because these things take some time.

I will never understand why people feel bad things can never happen to America because 1- it's not happening fast enough for them, and 2- they refused to pay attention to how many times in history the same mistakes have led to the same fates...

But oh well.

no worries man...Currency wars are a great thing...Top notch economic thinkin' right there.

edit on 3-1-2011 by projectvxn because: (no reason given)


Well I feel it isn't happening fast enough, I welcome this doom.



posted on Jan, 3 2011 @ 02:19 AM
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Funny how the sad old USA is blaming others for the crap it is in.

They accuse China of currency manipulation? LOL!

Print away Benny boy.

Go ahead... tax the Chinese and see what happens to the dollar when they dump their Dollars on the market.
The US will probably call it 'Financial Terrorism' and the idiot people will want another war.

The US has not even entered it's hard times yet. Not by a long shot.



posted on Jan, 3 2011 @ 02:26 AM
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As right as he is about China, the same can be said about the Federal Reserve. America would be much better without China manufacturing crap products and the FED printing the money causing inflation and a devalued dollar.

Audit/abolish the FED and reinstate a governed printing press with 100% transparency that's also 100% auditable to re-ensure a balanced inflation/deflation rate that best suits the people (emphasis on people).

Tax all imports from China as Trump mentioned to force change. A change that involves America once again becoming a manufacturing superpower with a strong and honest currency. It really is as simple as that! Only reason why it isn't at the moment is because everything done right now is azz backwards and corrupts as all hell.



posted on Jan, 3 2011 @ 02:42 AM
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I don't think the Chinese would be enjoying the comedy any more. It was a real hoot up until the day they checked the purity of the gold the US was sending them.

It will be a long long time before anyone finds something to laugh about in this situation because it appears that things are far worse than anyone imagined.



posted on Jan, 3 2011 @ 02:47 AM
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Originally posted by FlyingJadeDragon
However,I should point out that America no longer actually makes most of the goods it would need to displace the imports with. How long do you think it would take to build enough factories to do it? Where would the money come from? And,given the sorry state of the economy,where would the customers come from? Who has the money needed to generate profits for the companies on a large scale? Not Americans,so then the companies are forced to find overseas markets which,you guessed it,means moving production overseas-yet again.

You think people would willingly start buying $300 or $400 dollar basic DVD machines or $1500 iPhones just because they are now made in America and doing so is good for the economy? Nope,people have gotten used to access to unrealistically cheap goods even at the sacrifice of their own well-being. As American's spending power deteriorates,you're going to see the quality of goods further decrease in order for China to keep lowering the price so that people will continue to buy. It's a vicious cycle.

The economy is crippled and as I stated originally,the choice to buy American at a higher cost has all but vanished.
edit on 3-1-2011 by FlyingJadeDragon because: typo-misspellings


A most worthy adversery, I commend you.

Americans will buy quality $1500 iphones. Where is the money comming from, I hear you say. It will come when American corporations return back to the empty factories standing today, and start paying better wages for its workers.

With their new and better salaries, they will be able to buy even $3000 iphones. With higher wages, money will thus circulate within economies. The more money there is, the more everyone will get a chance to touch, use it and pass it along.

And none would want to be buy China made products, if a hefty tariff tax is imposed on their worthless and scaming products. Free trade and globalisation had been a lie to consumers all over the world by wolves pack to make them slaves.

And if govt intervention is provided so as to carve up monopolies and return to true capitalism, such products can be even lower that the prices you qouted.

But wait, you say market size. True, China's 1.3 billion people offers a bigger market share than US or Europe. But then, could the 1.3 bilion slaves afford quality western made products? I highly doubt so, not on their slave wages. Only a few could and in terms of market size, it is far too miniscule to bother.

A loophole will then exists. Make the products by the slaves in China, ensure quality and then sell it to the western world. False and fatal assumption. Since China's reform in 1976 to welcome foreign investors, it had been 30 years and the quality is still NOT there, for the simple reason that they are slaves, paid slave wages, and throughout the course of human history, no slave product can ever be compared to a freed man's labour of pride.



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