Let’s face it, China is not our friend. They never have been. Their government regularly engages in military and industrial espionage against our interests. Hacking in to thousands of American companies, government installations and harvesting sensitive information for their benefit are not the acts of an ally. Neither is attempting to harm our people, interests at home and abroad as well as our economy.
The Chinese government is anxious to usurp US influence by using the bonds they own (about $1 trillion worth) to undermine US interests. In the past they’ve used bond purchases as a way to keep rates artificially low so they can exploit the consumption-oriented nature of our debt-ridden economy and now they’re threatening to use these bond sales as a tool to manipulate our government’s policies.
For example, the US sells arms to Taiwan and China sells bonds to “punish” our government. The Chinese government also reneged on energy derivatives contracts on behalf of their state-owned energy companies because the bets simply didn’t go their way. Are we really going to tolerate this childish economic warfare and these dishonest business practices?
I’m sure most people have read about the well publicised hacking of Google, but that was just the tip of a massive iceberg. China’s government has hacked in to countless Fortune 500 firms to steal valuable trade secrets and other intellectual property. They also gained access to sensitive US government communications and intelligence information.
It’s time that we show the Chinese government that we are not their ally any more than they are our ally. This dispute has gone on far too long and it has resulted in an economic catastrophe. We are losing jobs, wealth and our sovereignty is being eroded. And for what? So we can have children’s toys tainted with poison and poor quality consumer products? Why should we put up with this nonsense from a country that has nothing but ill intentions for our government and more importantly for our people?
America didn’t dig itself in to this recession alone. We had help and there is plenty of blame go to around the world. We are supposed to believe that China is helping us out of this mess, but China’s interests are only within making their communist regime more powerful and domineering in world affairs. Do we really want to see this goal come to fruition? China is not a world leader. They are more of a string pulling, manipulative bully.
The Chinese government censors the Internet trying to prevent its citizenry from communicating with each other or finding out the truth about past events like Tiananmen Square and the repeated massacres of the Tibetan people. They also monitor forums, e-mails and chat lines in real-time attempting to squelch any civil unrest with brutal force and often times indefinite detention or worse.
How can we put our trust in to a country that has absolutely no freedom? If you dare speak out against the government they’ll throw you in prison and you have a good chance of being executed, having your organs harvested for sale or being forced in to slave labor.
Their propaganda machine portrays the Chinese government as godlike and faultless. Nothing could be farther from the truth. Their government is a one party autocracy with no accountability or checks and balances against the corruption that is prevalent amongst government officials.
It’s time to ask yourself, is it truly worth sacrificing everything we believe in and stand for just to have lower interest rates? I don’t think so. Let’s show the Chinese government we mean business and tell them their actions against our interests have violated international law, constitute acts of aggression, if not war and we will retaliate by invalidating the debt that they own. In addition, let’s stop supporting this war against America by refusing to purchase Chinese made products. We must derail the money train to Beijing before its too late.