Did you ever wonder why the U.S. tolerates China’s long-standing policy of petting the Yuan at 40% below its real value to the U.S. dollar?
Candidate Mitt Romney promised to label China a “currency manipulator” his first day in office. Nobody else in America has the courage to say that, much less to actually do it.
Big Business loves sending jobs and factories to China. They make stuff over there and sell it back here for an immediate 40% profit. Easy money!
50,000 factories and 10 million jobs have been farmed out to China by Corporate America since the year 2000. This has been facilitated by Washington every step of the way.
What Can You Do?
Go out of your way to buy everything you possibly can that is “Made in the U.S.A.” If you’re lucky, 30% of your money will actually stay in the U.S. – the rest still goes to China for individual parts that make up the item.