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When Canada started sending manufacturing jobs away in the
1960s, believe it or not nearly half a century ago, I predicted the huge unemployment we see today, in
manufacturing and in many other employment areas.
What I didn't predict, and what no one predicted, was that China, the most aggressive source of our imported goods, would ultimately be able to control Canadian government policy, so that we become slaves to China.
Every day we see TV advertisements for new medications, accompanied by long lists of side effects, including death of the patient. The insane idea of sending manufacturing away to foreign countries also has side effects, including enslavement to China and death of the Canadian economy.
The fact is that China owns a major portion of the Canadian economy. But what evidence is there that China controls Canadian government policy?
Our hemorrhage of wealth
A country may hire foreign mercenaries to fight its wars. We hire foreign countries to do a major part of our manufacturing. The reverse would be much better. Hire mercenaries for pointless wars such as Afghanistan, and do our manufacturing at home.
Our net cash outflow to foreign countries to pay for manufacturing was $92 billion in 2011. This figure is more than triple the figure that existed when Prime Minister Harper first came into office in 2006. Each and every year since then the net cash outflow has increased.
Any rational and thinking Prime Minister would look at those figures and sound the alarm bells. Our economy is permanently crippled by a net cash outflow that grows larger every year. A hemorrhage growing larger every year.
But no one talks about this net cash outflow. The Head of the Bank of Canada somehow omitted to refer to the net cash outflow to foreign countries in a recent economic analysis and prediction. I don't know how anyone can talk about the economy without referring to this net cash outflow, and yet you see examples of this omission in newspaper articles every day. This net cash outflow, this hemorrhage of real wealth going out to foreign countries, is a true elephant in the room that everyone pretends isn't there.
The squeaky wheel gets the grease
China was the lucky recipient of 41.5% of our 2011 net outflow of cash to foreign countries to pay for manufacturing services. Our purchases of manufactured goods from China in 2011 totalled five times more than China purchased from us. The word "trade" does not apply when there is such a large disparity.
Prime Minister Harper devotes his energies to support of two clients, the Alberta oil industry and China. No actions are taken that would benefit all Canadians in the area of the economy and specifically jobs.
Effectively China controls Canadian government policy because Prime Minister Harper does everything China asks him to do, i.e., accedes to all requests from China.
The refusal to recognize the seriousness of the yearly hemorrhage of wealth to foreign countries is part of the program to keep China happy. Any attempt to control or reduce this hemorrhage would be a threat to China's manufacturing sector.
Harper has a naive, child-like view of China. In fact, China is an aggressive adversary, not a friend. China's objective is to take over our resources and raw materials, and to take over more and more of our domestic manufacturing, facilitated by an obedient Prime Minister. The logical end result of this process is that Canadians who don't work in the Alberta oil industry will be impoverished and will not be able to buy Chinese manufactured goods or in fact any goods.
Chinese intrusion into our economy
As an example of obedience and subservience to China, recently there were news reports that China will participate in telecommunication activities in Canada. No one in his right mind would allow China to work its way into our communications systems and gain access to sensitive high-technology information, and yet apparently it will happen.
Harper's visit to China some months ago can be accurately characterized as taking candy from a baby. The Chinese must have privately laughed their heads off at how easy it was to gain further access to the Canadian economy.
On July 23, 2012, related or not to the visit, we heard the announcement that China has purchased a Canadian oil company for $15 billion. This transaction is another addition to China's ownership and control of the Canadian economy, and is another serious error by the Canadian government. When we sell companies, mines, land, etc., to China, or any other foreign country, we create a potential for disaster. In future we may need the oil, gas, coal, raw logs, for ourselves, but won't be able to get at them because China and other foreign countries own everything.
The above discussion demonstrates China getting its way on multiple aspects of our economy. How else can we take this situation other than evidence of control of Canadian government policy?
Where do 34 million Canadians fit in?
The only economic action undertaken by our PM that applies to all Canadians is "cuts". Cutting government expenditures is unimaginative and often counter-productive. It throws a chill into people and contracts the economy, making things worse.
The net cash we send to China, in 2011 just a shade under three-quarters of a billion dollars per week, is used by China to come right back and buy up our economy.
Do 34 million Canadians really want to be slaves of China? I doubt it!
Balance imports/exports to save Canada
I have proposed a practical plan in which Canada would break the chains of enslavement to China and other foreign countries, in which Canada would regain control of its destiny, by reducing imports of manufactured goods down to balance with our exports, for each foreign country we deal with (special arrangements for the U.S.).
This plan requires elimination of 80% of our manufactured goods imports from China, based on the 5 to 1 ratio in 2011. A real "Chinese revolution", but the only way to put Canadians back to work and save the Canadian economy.
The concept of ensuring that the total value of imports each year approximately equals the total value of exports is plain common sense. This concept is fair and reasonable. This plan adheres to the true meaning of the word "trade". This concept shows our belief in free trade, but balanced free trade, rather than exploitation.
Benefits and perils
We would have to abrogate trade arrangements to take control in this way. So be it! Do we value a pile of paperwork more than we value Canada?
How would we fend off a furious China? I don't know, but we can't go on in the way we're going now.
Canada breaking the chains of China would provide leadership and example to other western countries to do the same.
Reaching the objective of approximate equality between exports and imports would have interrelated positive effects:
What I didn't predict, and what no one predicted, was that China, the most aggressive source of our imported goods, would ultimately be able to control Canadian government policy, so that we become slaves to China.
Every day we see TV advertisements for new medications, accompanied by long lists of side effects, including death of the patient. The insane idea of sending manufacturing away to foreign countries also has side effects, including enslavement to China and death of the Canadian economy.
The fact is that China owns a major portion of the Canadian economy. But what evidence is there that China controls Canadian government policy?
Our hemorrhage of wealth
A country may hire foreign mercenaries to fight its wars. We hire foreign countries to do a major part of our manufacturing. The reverse would be much better. Hire mercenaries for pointless wars such as Afghanistan, and do our manufacturing at home.
Our net cash outflow to foreign countries to pay for manufacturing was $92 billion in 2011. This figure is more than triple the figure that existed when Prime Minister Harper first came into office in 2006. Each and every year since then the net cash outflow has increased.
Any rational and thinking Prime Minister would look at those figures and sound the alarm bells. Our economy is permanently crippled by a net cash outflow that grows larger every year. A hemorrhage growing larger every year.
But no one talks about this net cash outflow. The Head of the Bank of Canada somehow omitted to refer to the net cash outflow to foreign countries in a recent economic analysis and prediction. I don't know how anyone can talk about the economy without referring to this net cash outflow, and yet you see examples of this omission in newspaper articles every day. This net cash outflow, this hemorrhage of real wealth going out to foreign countries, is a true elephant in the room that everyone pretends isn't there.
The squeaky wheel gets the grease
China was the lucky recipient of 41.5% of our 2011 net outflow of cash to foreign countries to pay for manufacturing services. Our purchases of manufactured goods from China in 2011 totalled five times more than China purchased from us. The word "trade" does not apply when there is such a large disparity.
Prime Minister Harper devotes his energies to support of two clients, the Alberta oil industry and China. No actions are taken that would benefit all Canadians in the area of the economy and specifically jobs.
Effectively China controls Canadian government policy because Prime Minister Harper does everything China asks him to do, i.e., accedes to all requests from China.
The refusal to recognize the seriousness of the yearly hemorrhage of wealth to foreign countries is part of the program to keep China happy. Any attempt to control or reduce this hemorrhage would be a threat to China's manufacturing sector.
Harper has a naive, child-like view of China. In fact, China is an aggressive adversary, not a friend. China's objective is to take over our resources and raw materials, and to take over more and more of our domestic manufacturing, facilitated by an obedient Prime Minister. The logical end result of this process is that Canadians who don't work in the Alberta oil industry will be impoverished and will not be able to buy Chinese manufactured goods or in fact any goods.
Chinese intrusion into our economy
As an example of obedience and subservience to China, recently there were news reports that China will participate in telecommunication activities in Canada. No one in his right mind would allow China to work its way into our communications systems and gain access to sensitive high-technology information, and yet apparently it will happen.
Harper's visit to China some months ago can be accurately characterized as taking candy from a baby. The Chinese must have privately laughed their heads off at how easy it was to gain further access to the Canadian economy.
On July 23, 2012, related or not to the visit, we heard the announcement that China has purchased a Canadian oil company for $15 billion. This transaction is another addition to China's ownership and control of the Canadian economy, and is another serious error by the Canadian government. When we sell companies, mines, land, etc., to China, or any other foreign country, we create a potential for disaster. In future we may need the oil, gas, coal, raw logs, for ourselves, but won't be able to get at them because China and other foreign countries own everything.
The above discussion demonstrates China getting its way on multiple aspects of our economy. How else can we take this situation other than evidence of control of Canadian government policy?
Where do 34 million Canadians fit in?
The only economic action undertaken by our PM that applies to all Canadians is "cuts". Cutting government expenditures is unimaginative and often counter-productive. It throws a chill into people and contracts the economy, making things worse.
The net cash we send to China, in 2011 just a shade under three-quarters of a billion dollars per week, is used by China to come right back and buy up our economy.
Do 34 million Canadians really want to be slaves of China? I doubt it!
Balance imports/exports to save Canada
I have proposed a practical plan in which Canada would break the chains of enslavement to China and other foreign countries, in which Canada would regain control of its destiny, by reducing imports of manufactured goods down to balance with our exports, for each foreign country we deal with (special arrangements for the U.S.).
This plan requires elimination of 80% of our manufactured goods imports from China, based on the 5 to 1 ratio in 2011. A real "Chinese revolution", but the only way to put Canadians back to work and save the Canadian economy.
The concept of ensuring that the total value of imports each year approximately equals the total value of exports is plain common sense. This concept is fair and reasonable. This plan adheres to the true meaning of the word "trade". This concept shows our belief in free trade, but balanced free trade, rather than exploitation.
Benefits and perils
We would have to abrogate trade arrangements to take control in this way. So be it! Do we value a pile of paperwork more than we value Canada?
How would we fend off a furious China? I don't know, but we can't go on in the way we're going now.
Canada breaking the chains of China would provide leadership and example to other western countries to do the same.
Reaching the objective of approximate equality between exports and imports would have interrelated positive effects:
- Eliminate the lethal net cash outflow ($92 billion in 2011) related to foreign countries doing manufacturing for us
- End the sending of net money to China that they can
play with and use to enslave us
- Create conditions for a large increase in
manufacturing, putting millions of Canadians back to work in manufacturing
and in many other employment areas
- Great increase in tax revenue from newly employed workers and newly operating factories in Canada, thus reducing government deficits
Bottom line: The only way to avoid enslavement to China, and the only way to save the Canadian economy, is to greatly reduce imports of manufactured goods, down to approximate equality with exports.
If anyone has a better idea on how to accomplish the objective of greatly reducing imports, let's hear it and discuss it.
But it is Orwellian truespeak to try to solve the problem of the economy and jobs by hiding, and censoring mention of, our lethally high level of imports relative to exports.
If anyone has a better idea on how to accomplish the objective of greatly reducing imports, let's hear it and discuss it.
But it is Orwellian truespeak to try to solve the problem of the economy and jobs by hiding, and censoring mention of, our lethally high level of imports relative to exports.
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