America has been getting ripped off by a double whammy for decades by foreign nations charging us to do business in their country and second by not paying anything to America when they do business here. Countries that hate America charge Americans to do business with them then pay nothing to do business with America. It’s a perfect storm that allows our enemies and phony friends to get rich while making America poor. China, for example uses a dirty float which means that China does not have a floating exchange rate that is determined by market forces. Instead China determines the exchange rate for their Yuan to the U.S. Dollar. This is an artificial rate that China uses to it’s advantage to gather more Yuan than it would get in a free market. Even though Chinese goods are low in price in America, they should be even lower so Americans are getting cheated out of their money.
**********************************
Another way China cheats Americas and others is refusing to recognize patents, copyrights and trademarks that do not belong to China. The Chinese simply copy and manufacture goods that they do not have a patent is. Its blatantly illegal… criminal actually but China has been doing it for decades.
Views: 3
