China has been doing this for years – devaluing their currency so they can sell their products without fear of competition. And most of those sales went to the United States. So we built China’s industrialization.
The problem with China is that you have bureaucrats trying to micro manage a Capitalistic system which makes that system not a free market and not Capitalistic. There are two major components to a Capitalistic system – free markets and a democratic government that allows the market to be in control – making the decisions – not the government.
China, by its brutal tactics has forced other countries to do the same. So enter Mexico, Japan and others who have devalued their currency to gain a trade advantage. THE EFFECT: Now you can hear the sucking sound of American business leaving the U.S.A. to set up shop in foreign countries.
And the only Presidential hopeful that understands this is Donald Trump, or at least the only one campaigning on this subject.
LISTEN TO TRUMP. IS ANYBODY ELSE SAYING THIS?
In June Trump said:
Last quarter, it was just announced, our gross domestic product – a sign of strength, right? But not for us.
It was below zero. Who ever heard of this? It’s never below zero.
Our labor participation rate was the worst since 1978.
But think of it, GDP below zero, horrible labor participation rate, and our real unemployment is anywhere from 18-20%. Don’t believe the 5.6. Don’t believe it.
That’s right – a lot of people up there can’t get jobs. They can’t get jobs because there are no jobs because China has our jobs and Mexico has our jobs. They all have our jobs. But the real number, the real number, is anywhere from 18-19 and maybe even 21% and nobody talks about it because it’s a statistic that’s full of nonsense.
Right now, think of this – we owe China $1.3 trillion. We owe Japan more than that. So they come in, they take our jobs, they take our money and then they loan us back the money and we pay them in interest. And then the dollar goes up, so their deal’s even better.
How stupid are our leaders? How stupid are these politicians to allow this to happen? How stupid are they?
I’m a free trader. But the problem with free trade is, you need really talented people to negotiate for you. If you don’t have talented people, if you don’t have great leadership, if you don’t have people that know business – not just a political hack that got the job because he made a contribution to a campaign, which is the way all jobs just about are gotten, free trade is terrible.
Free trade can be wonderful if you have smart people. But we have people that are stupid. We have people that aren’t smart, and we have people that are controlled by special interests and it’s just not going to work.
They are ripping us. We are rebuilding China. We are rebuilding many countries.
China, you got there now – roads, bridges, schools. You never saw anything like it. They have bridges that make the George Washington Bridge look like small potatoes.
And they’re all over the place. We have all the cards, but we don’t know how to use them. We don’t even know that we have the cards, because our leaders don’t understand the game.
We would turn off that spigot by charging them tax until they behave properly.
And in my opinion, the new China, believe it or not, in terms of trade is Mexico.
Ford. So Mexico takes a company, car company, that was going to build in Tennessee, rips it out. Everybody thought the deal was dead. Reported in the “Wall Street Journal” recently.
Everybody said that it was a done deal. It’s going in, and that’s going to be it, going into Tennessee -. great state, great people. All of a sudden, at the last moment, this big car manufacturer, foreign, announces they’re not going to Tennessee, they’re going to spend their billion dollars in Mexico instead. Not good.
Now Ford announces a few weeks ago that Ford is going to build a $2.5 billion car and truck and parts manufacturing plant in Mexico. $2.5 billion. It’s going to be one of the largest in the world. Ford – good company.
So I announced that I’m running for President. I would, one of the early things I would do, probably before I even got in, and I wouldn’t even use – you know, I know the smartest negotiators in the world.
I know the good ones, I know the bad ones, I know the overrated ones. You’ve got a lot that are overrated. They get good stories because the newspapers get buffaloed. But they’re not good.
But I know the best negotiators in the world and I’d put them one for each country. Believe me folks, we will do very, very well. Very, very well.
But I wouldn’t even waste my time with this one. I would call up the head of Ford, who I know. If I was President I’d say ‘Congratulations, I understand that you’re building a nice, $2.5 billion dollar factory in Mexico and that you’re going to take your cars and sell them to the United States. Zero tax – just across the board.’
And you say to yourself, ‘How does that help us, right? Where is that good.’ It’s not.
So I’d say ‘Congratulations, that’s the good news. Let me give you the bad news. Every car, and every truck and every part manufactured in this plant that comes across the border, we’re going to charge you a 35% tax. Okay? And that tax is going to be paid simultaneously with the transaction, and that’s it.’
Now here’s what’s going to happen. If it’s not me in the position, if it’s one of these politicians that we’re running against, you know, the 400 people that we’re – and here’s what going to happen. They’re not so stupid. They know it’s not a good thing. And they may even be upset by it,
But then they’re going to get a call from their donors or probably from the lobbyists for Ford and say ‘you can’t do that to Ford, because Ford takes care of me, and I take care of you, and you can’t do that to Ford.’
And you know what? No problem. They’re going to build in Mexico, they’re going to take away thousands of jobs. That’s very bad for us. So under President Trump, here’s what would happen: The head of Ford will call me back, I would say within an hour after I told him the bad news, but it could be he’d want to be cool and he’ll wait until the next day. You know, they want to be a little cool.
And he’ll say, ‘Please, please, please.’
He’ll beg for a little while, and I’ll say, ‘Sorry, no interest.’
Then he’ll call all sorts of political people and I’ll say ‘Sorry fellas, no interest.’
Because I don’t need anybody’s money. It’s nice. I don’t need anybody’s money. I’m using my own money. I’m not using lobbyists, I’m not using donors. I don’t care. I’m really rich.
But here is what’s going to happen. After I’m called by 30 friends of mine who contributed to different campaigns, after I’m called by all of the special interests and by the donors and by the lobbyists – and they have zero chance at convincing me. Zero. I’ll get a call they next day from the head of Ford.
He’ll say, ‘Please reconsider.’
I’ll say, ‘No.’
He’ll say, ‘Mr. President, we’ve decided to move the plant back to the United States. We’re not going to build it in Mexico.’
We have losers. We have losers. We have people that don’t have it. We have people that are morally corrupt. We have people that are selling this country down the drain.
WE ARE IN THE MIDDLE OF A WORLD WIDE TRADE WAR AND WE ARE GETTING SCREWED. THE AMERICAN PEOPLE AREN’T STUPID. THEY SEE THE JOBS GOING OVERSEAS. WHEN YOU ARE IN A WAR YOU NEED TO FIGHT BACK.