LOOK AT THE FACTS: IT SHOULD BE OBVIOUS TO ANYONE THAT OUR ECONOMIC OPERATING SYSTEM NO LONGER ALLOWS US TO COMPETE

We have been predatorily rendered uncompetitive with much of the rest of the world and we can no longer support ourselves.

We can't compete with Chinese wage rates; we can't compete with Japan's capital and knowledge intensive superior manufacturing industries. Our present standard of living can now only be supported by imports and debt which we can pay off only if we sell ownership of our wealth producing industries. We have sold 8600 of some of our best companies in the last 10 years to foreign countries. In fact, a big percentage of whole industries like 69% of the movie industry, 81% of the cement industry, 100% of the TV manufacturing industry and a host of others are now owned by foreign companies. The profit that we formerly counted on to propel our economy is now lost as a result. We have fewer companies to produce for ourselves so we must import more and more from foreign companies which is now propelling us into a major state of dependency and choking debt.

Last year, our balance of trade deficit escalated to $723 billion - that is $1.4 million dollars per minute exiting our country.

The accumulation of this money to foreign countries has allowed countries like Japan to accumulate 1 trillion American dollars to buy anything or any company in America that they want and our companies are for sale to anyone on the open stock market. China has $600 billion, Korea has $200 billion. We are being economically subjugated in an economic war and losing ownership and control of our country almost as if we lost a military war.

GM has a for sale value based on present stock price of less than $20 billion. Japan could theoretically buy GM for only 2% of its available American currency reserves.

They have not yet bought GM but they have been buying many of our other strategic companies that generate wealth, which we need to protect ourselves and support our living standards.

A few simple facts will show the glaring difference between the US and Japan, which shows clearly that they are extremely more efficient and have a much better economic operating system than we do. Japan with only 4% of our land area and 40% of our population and with no resources had an $80 Billion dollar balance of trade surplus with us last year and the all time highest current account surplus with the world of $181 billion. We had a current account deficit of $665 billion with the rest of the world.

We are now extremely vulnerable as we don't own enough of our own companies to earn enough money to pay our bills or support ourselves.

However, our problems are not beyond fixing. We must first recognize we can't continue like this, allowing our industrial base to collapse and outsourcing our manufacturing to foreign countries; living on imports and debt and selling productive companies to cover our debts.

Our children will pay a terrible price for these mistakes. Major changes must quickly take place or we will soon see an America we won't recognize.

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