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Articles: Finance - Let
the Bells of Freedom Ring
Once More
The United States was
formed from 13 colonies of people who trapped, hunted and farmed for
their survival and the right to be free. We gloried in our freedom
as we helped each other build our homes and survive in the
wilderness and if no one helped us, we did it alone. We began to
move westward for the opportunities that our imaginations told us
were there and no path was too hard, no mountain too steep, no river
too wide, and no enemy too mighty for us to reach the destination of
our dreams. When we got there we created the opportunities that we
had only imagined because we were free and we could do whatever we
decided we wanted to do.
By the time World War II rolled around, we had spread across
a continent, surviving against all odds, cheerfully and ambitiously
facing each day for the opportunities that abounded and the freedom
that the morning sun brought. By this time, we had become the
greatest industrial nation in the world and were producing almost
half of the world’s manufactured goods. We manufactured half of the
weapons used in the war and we were the envy of every country in the
world.
We
were Americans and, despite our differences, we stood together with
our hearts bursting with pride as we said the Pledge of Allegiance
and sang the Star Spangled Banner. We knew what those words meant
and we felt our patriotism deeply as we exercised our rights to
assemble, free speech and freedom of the press to keep our
government of the free on the right path. We also appreciated hard
work and we were eager to help our fellow American and even other
countries as they struggled to get ahead. We were joyous and wanted
everyone to enjoy the things that our freedom had brought
us.
As
we began to try to share our good fortune, we forgot that our
independence and our competitive spirit were the things that had
made us great. As we began to arm other countries with the
technology and education that would help them succeed, we also began
to offer them handouts. Soon, we had the entire world begging at our
doors and our hearts would not let us turn them away. We had created
a world of beggars instead of a world of competitors. Instead of
competitors to drive us, we had partners to coddle. As we handed
them our manufacturing capability, we offered them trade agreements
where we would buy their goods and they would not buy our goods
until we ran out of money. We offered them surpluses and we took
deficits in return and we taxed our own manufacturers while we
charged them no tariffs. Our political independence is now
threatened because our economic independence has
vanished.
We
were the inventors of automobile manufacturing, but our car
manufacturers are now dying. The greatest industrial country on the
planet now employs around 10% of its population in manufacturing. It
has been over 150 years since this was the status of our work force
and we now borrow billions of dollars from other countries each
month in order to stay afloat. We have learned that free trade is
not so free.
The
new model for the world is becoming China whose political philosophy
should bite into the heart of every free human being. Instead, we
now look at communism and socialism as things we should not fear
instead of things that we should conquer. While we have been calling
China our partner, they have chosen to put China first instead of
equal and they have studied how the United States rose and how it is
falling. They have chosen to rise.
While
we have opened up our economy to them and allowed them to share,
they have kept their prices low and ours high in their own country.
The only way that our companies can sell in their country is at a
loss while considering it to be an investment. They have made our
companies dependent on their manufacturing producing entire
inventories for many of our firms. They now produce 65% of Mattel’s
inventory while blaming them for poisoned toys produced in Chinese
sweat shops. China has become the largest exporter in the world and
our deficit with them is now half a trillion dollars. We are now as
dependent on China for manufacturing as we are on foreign oil. They
know that this is better for them and worse for us. Some
partner.
As
China is putting men into space and heading for the moon, we are
becoming dependent on Russian rockets to service the space station
that we built. While China now has $2 trillion in reserves, we have
become the beggars, $12 trillion in debt. We are being issued terms
that no longer allow us to run our own country independently. Our
own banks are now foreign owned and conspiring against us. For some
reason, as we enter the worst recession the world has known and our
country and its population have been stripped of their wealth, the
dangers of protectionism are still being sung.
We
can only hope that it’s not too late and our government and we can
come together to let the bells of freedom ring once more.
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