Facebook Homepage Response, reposted via blog.
LEST I'd be labeled as conspiracy theorist, I don't think another covid-induced lockdown is warranted. Or the people will bite into another freeze in life. But the China factor stays as a loud narrative. But not because of the Sinophobic reasoning that the virus was induced by the Chinese. The current political chess game that Washington under President Joe Biden imposes points to lessen (trade) dependence on China although thousands of U.S. corporations are presently active out there and thousands more import products and raw materials from China.
Although U.S. deficit with China has been considerably cut to $65.0 billion, still America is in trade imbalance with its rival, which enjoys a massive surplus of $857 billion. Meanwhile, China is not a top investor in the U.S. The largest investing country in the U.S. is Canada, followed by the United Kingdom, France. China is not even in the top 10.
The “Made in China” that we continually buy on retail are imports by U.S. companies. We are buying American products and merch that were bought from China, so this is American profit already. 🥹🇨🇳😌
ANOTHER lockdown means economic activity slows, not just purchase/price of and availability of consumer products that are mostly on retail but including gasoline, utilities, mortgage/real estate, private health care/insurance, interest rates etc. Why?
As the US tries to pull out of China and maybe turn to India as fallback and/or homebased factories are reactivated, naturally profit margins of U.S. corporations will suffer. They need to adjust, if ever they oblige. Yet per free trade, a government can’t impose private companies from importing etc unless war happens between the U.S. and China, which I doubt. Yet we should know sanction on Russia per Ukraine didn't really work.
In other words, the U.S. needs a massive reset to rearrange global economics to levels pre-21st century. Hence, another virus lockdown predicated on anti China seems a strategic pitch. Bring the world back to Cold War. But this is not 1970s anymore. China and Russia and India or BRICS has balanced geopolitical power. They have gathered their own formidable allies, including oil powerhouse Saudi Arabia.
If ever manufacturing and oil drilling go back home, and maybe prices etc will go back down after years of adjustment as surplus gains over deficit. Last year the U.S. has a trade surplus was in 1975. Besides, return to manufacturing poses contradiction to Washington’s “climate change” policies. China, Russia etc supply raw materials and pertinent minerals to almost all things that we consume. Drugs and roofings and car batteries plus their massive workforce are super cheap. And because their environmental "laws" aren't as stringent or strict as ours, business there is easy.
And so another lockdown? I don't know. Billions$ of taxpayer money are already handed to Ukraine and more will go out as the U.S. ups the security intrigue red flag vs China. And we are heading to austerity measures per debt limit in the next FY. (China holds 2nd largest chunk of US external debt.) And it's all because of the unfounded fear or narcissism that China threatens America’s stature as world's #1? I don't think the Chinese want to be #1. They simply want to sell stuff. And we haven't really stopped buying. 🥹🇨🇳😌
