Book: America & Britain

As a result of American greed and materialism—facilitated by the deceptive aims of “globalization” and “free trade”—the United States no longer enjoys unrivaled economic clout. Our technological edge is all but gone—sacrificed as thousands of jobs and vital industries have steadily been transferred overseas—and our exploding national debt, coupled with an enormous trade deficit, continues to eat away at the value of the dollar. Once upon a time, the world ran in lockstep with American trade policy; today, America must increasingly play by rules set down by relatively insignificant nations. What’s more, rival nations are now calling for the abandonment of the U.S. dollar as the key global trading currency!

Several biblical passages refer to Israel’s foolish obsession with her many “lovers”—modern-day military and trade alliances.1 One such “lover” for America has been China—our biggest trading partner. It is obviously a love-hate relationship: we hate that China is a communist nation with a dismal human rights record, but we love the cheap goods and cheap labor at our disposal. But for China, the honeymoon is now over. Today, having grown strong through our weakness, China stands as a major rival to American economic hegemony.2 But even more importantly, China is now coming to see that a declining U.S. dollar spells disaster for their own economy. In short, they can no longer afford to support America’s addiction to materialism. With that in mind, China has for some time been looking for ways to obtain some kind of “return” for their investment in America. The following Investmentwatch article explains: 3

Does China Plan to Establish Chinese Cities And Special “Economic Zones” all Over America?

What in the world is China up to? Over the past several years, the Chinese government and large Chinese corporations (which are often at least partially owned by the government) have been systematically buying up businesses, homes, farmland, real estate, infrastructure and natural resources all over America. In some cases, China appears to be attempting to purchase entire communities in one fell swoop. So why is this happening? Is this some form of economic colonization that is taking place?

Some have speculated that China may be intending to establish special “economic zones” inside the United States modeled after the very successful Chinese city of Shenzhen. Back in the 1970s, Shenzhen was just a very small fishing village, but now it is a sprawling metropolis of over 14 million people. Initially, these “special economic zones” were only established within China, but now the Chinese government has been buying huge tracts of land in foreign countries such as Nigeria and establishing special “economic zones” in those nations. So could such a thing actually happen in America?

Well, according to Dr. Jerome Corsi, a plan being pushed by the Chinese Central Bank would set up “development zones” in the United States that would allow China to “establish Chinese-owned businesses and bring in its citizens to the U.S. to work.” Under the plan, some of the $1.17 [now $1.28] trillion that the U.S. owes China would be converted from debt to “equity.” As a result, “China would own U.S. businesses, U.S. infrastructure and U.S. high-value land, all with a U.S. government guarantee against loss.” Does all of this sound far-fetched? Well, it isn’t. In fact, the economic colonization of America is already far more advanced than most Americans would dare to imagine.

Rather than just sitting on all of that money, China has been lending much of it back to us—at interest. We now owe China more than a trillion dollars, and our politicians are constantly pleading with China to lend more money to us so that we can finance our exploding debt.

Today, the U.S. government pays China approximately 100 million dollars a day in interest on the debt that we owe them. Those [who] say that the U.S. debt “does not matter” are being incredibly foolish.

So thanks to our massive trade deficit and our exploding national debt, China is systematically getting wealthier and the United States is systematically getting poorer. And now China is starting to use a lot of that wealth to aggressively expand their power and influence around the globe.

Not really. Just look at what has already happened up in Canada. It is well known that the Chinese population of Vancouver, Canada, has absolutely exploded in recent years. In fact, the Vancouver suburb of Richmond is now approximately half Chinese. The following is an excerpt from a BBC article: “Richmond is North America’s most Asian city—50 percent of residents here identify themselves as Chinese. But it’s not just here that the Chinese community in British Columbia (BC)—some 407,000 strong—has left its mark. All across Vancouver, Chinese-Canadians have helped shape the local landscape.”

A similar thing is happening in many communities along the West Coast of the United States. In fact, Chinese citizens purchased one out of every ten homes that were sold in the state of California in 2011. But in other areas of the United States, the Chinese are approaching things much more systematically. For example, as I have written about previously, a Chinese group identified as “Sino-Michigan Properties, LLC” has purchased 200 acres of land near the town of Milan, Michigan. Their stated goal is to build a “China City” that has artificial lakes, a Chinese cultural center, and hundreds of housing units for Chinese citizens.

In other instances, large chunks of real estate in major U.S. cities that are down on their luck are being snapped up by Chinese investors. Just check out what a Fortune article from a while back says has been happening over in Toledo, Ohio: “In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city’s Marina District, promising to invest $200 million in a new residential-commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor-league ballpark.

“Toledo is being promoted to Chinese investors as a 5-star logistics region. From Toledo it is very easy to get to Chicago, Detroit, Cleveland, Pittsburgh, Columbus, and Indianapolis…. With a population of 287,000, Toledo is only the fourth largest city in Ohio, but it lies at the junction of two important highways—I-75 and I-80/90. ‘My vision is to make Toledo a true international city,’ Toledo’s Mayor Mike Bell told the Toledo Blade.”

But some of these deals appear to be about far more than just making “investments.” According to the Idaho Statesman, a Chinese company known as Sinomach (which is controlled by the Chinese government) was actually interested in developing a 50-square-mile self-sustaining “technology zone” south of the Boise airport…. Officials of the China National Machinery Industry Corp. have broached the idea—based on a concept popular in China today—to city and state leaders.

The article suggested that this “technology zone” would be modeled after similar projects that already exist in China, and that Chinese officials were conducting similar negotiations with other U.S. states as well….

Sinomach is not looking only at Idaho. The company sent delegations to Ohio, Michigan, and Pennsylvania this year to talk about setting up research and development bases and industrial parks. It has an interest in electric transmission projects and alternative energy as well. The “technology zone” proposal follows [the] model of science, technology and industrial parks in China—[which are] often fully contained cities with all services included.

Thankfully, the deal in Idaho appears to be stalled for now; but could we soon see China establish special “economic zones” in other communities all around America? The Chinese certainly do seem to be laying the groundwork for something. They have been voraciously gobbling up important infrastructure all over the country. The following comes from a recent American Free Press article: “In addition to already owning vital ports in Long Beach, Calif., and Boston, Mass., the China Ocean Shipping Company is eyeing major ports on the East Coast and Gulf of Mexico. China also owns access to ports at the entry and exit points of the Panama Canal.

“And due to fiscal woes plaguing many American cities and states, U.S. legislators have been actively seeking out Chinese investors. In one of the worst cases, Baton Rouge, La., Mayor Kip Holden offered the Chinese government ownership and operating rights to a new toll way system if the Chinese would provide the funding to build it.”

Does it make sense for the Chinese to own some of our most important ports? Isn’t there a national security risk? Sadly, there isn’t much of anything that our politicians won’t sell these days as long as someone is willing to flash a lot of cash.

Unfortunately, the sad truth is that China is absolutely mopping the floor with the United States on the global economic stage. China is rising and America is in an advanced state of decline. Global economic power has shifted dramatically and most Americans still don’t understand what has happened.

The following are 44 more signs of how dominant the economy of China has become [over the past few years]:

1. A Chinese firm recently made a $2.6 billion offer to buy the movie theater chain AMC.

2. A different Chinese firm made a $1.8 billion offer to buy aircraft maker Hawker Beechcraft.

3. In December it was announced that a Chinese group would be purchasing AIG’s plane leasing unit for $4.23 billion.

4. It was recently announced that the Federal Reserve will now allow Chinese banks to buy up American banks.

5. A $190 million bridge project up in Alaska was awarded to a Chinese firm.

6. A $400 million contract to renovate the Alexander Hamilton bridge in New York was awarded to a Chinese firm.

7. A $7.2 billion contract to construct a new bridge between San Francisco and Oakland was awarded to a Chinese firm.

8. The uniforms for the U.S. Olympic team were made in China.

9. 85 percent of all artificial Christmas trees are made in China.

10. The new World Trade Center tower is going to include glass that has been imported from China.

11. The new Martin Luther King memorial on the National Mall was made in China.

12. In 2001, American consumers spent $102 billion on products made in China. In 2011, American consumers spent $399 billion on products made in China.

13. The United States spends about $4 on goods and services from China for every dollar that China spends on goods and services from the U.S.


14. According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States costs about $85,000 in China, thanks to all the tariffs.

15. The Chinese economy has grown seven times faster than the U.S. economy over the past decade.

16. The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.

17. The United States has lost an average of 50,000 manufacturing jobs per month since China joined the World Trade Organization in 2001.

18. Overall, the United States has lost a total of more than 56,000 manufacturing facilities since 2001.

19. According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

20. Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost, and 48 percent of the manufacturing jobs in Michigan were lost.

21. In 2010, China produced more than twice as many automobiles as the United States did.

22. Since the auto industry bailout, approximately 70 percent of all GM vehicles have been built outside the United States.

23. After being bailed out by U.S. taxpayers, General Motors is currently involved in 11 joint ventures with companies owned by the Chinese government. The price for entering into many of these joint ventures was a transfer of state-ofthe- art technology from General Motors to the communist Chinese.

24. Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Ten years later, the United States had less than 15 percent and China’s share had soared to 20 percent.

25. The United States has lost more than a quarter of all of its high-tech manufacturing jobs over the past ten years.

26. China’s number one export to the U.S. is computer equipment.

27. The number one U.S. export to China is “scrap and trash.”

28. The U.S. trade deficit with China is now more than 28 times larger than it was back in 1990.

29. Back in 1985, the U.S. trade deficit with China was just $6 million for the entire year. For the month of November 2012 alone, the U.S. trade deficit with China was $28.9 billion.

30. China now consumes more energy than the United States.

31. China is now the leading manufacturer of goods in the entire world.

32. China uses more cement than the rest of the world combined.

33. China is now the number one producer of wind and solar power on the entire globe.

34. Today, China produces nearly twice as much beer as the United States.

35. Right now, China is producing more than three times as much coal as the U.S. does.

36. China now produces 11 times as much steel as the United States does.

37. China produces more than 90 percent of the global supply of rare earth elements.

38. China is now the number one supplier of components that are critical to the operation of U.S. defense systems.

39. A recent investigation by the U.S. Senate Committee on Armed Services found more than one million counterfeit Chinese parts in the Department of Defense supply chain.

40. 15 years ago, China was 14th in the world in published scientific research articles. But now, China is expected to pass the United States and become number one very shortly.

41. China now awards more doctoral degrees in engineering each year than the United States does.

42. According to one study, the Chinese economy already has roughly the same amount of purchasing power as the U.S. economy does.

43. According to the IMF, China will pass the United States and will become the largest economy in the world in 2016.

44. Nobel economist Robert W. Fogel of the University of Chicago is projecting that the Chinese economy will be three times larger than the U.S. economy by the year 2040, if current trends continue.

Without the “globalization” of the world economy, none of this would have ever happened. But instead of admitting our mistakes and fixing them, our politicians continue to press for even more “free trade” and even more integration with communist nations such as China. In fact, according to Dr. Jerome Corsi, the U.S. government has already set up 257 “foreign trade zones” all over America. These “foreign trade zones” are apparently given “special U.S. customs treatment” and are used to promote “free trade”….

Sadly, we are probably going to see a whole lot more of this in the years ahead.

According to Corsi, a professor of economics at Tsighua University in Beijing named Yu Qiao has suggested the following plan as a way to transform the debt that the United States owes China into something more “tangible”:

1. China would negotiate with the U.S. government to create a “crisis relief facility” or CRF. The CRF would be used alongside U.S. federal efforts to stabilize the banking system and to invest in capitalintensive infrastructure projects such as a high-speed railroad from Boston to Washington, D.C.

2. China would pool a portion of its holdings of Treasury bonds under the CRF umbrella to convert sovereign debt into equity. Any CRF funds that were designated for investment in U.S. corporations would still be owned and managed by U.S. equity holders, with the Asians holding minority equity shares “that would, like preferred stock, be convertible.”

3. The U.S. government would act as a guarantor, “providing a sovereign guarantee scheme to assure the investment principal of the CRF against possible default of targeted companies or projects.”

4. The Federal Reserve would set up a special account to supply the liquidity the CRF would require to swap sovereign debt into industrial investment in the United States.

Apparently, the Bank of China really likes this plan and would like to see something like this implemented. In the years ahead, perhaps many of you will end up working in a special “economic zone” for a Chinese company on a project that is being financially guaranteed by the U.S. government.

If that sounds like a form of slavery to you, the truth is that you are probably not too far off the mark. The borrower is the servant of the lender, and we should have never allowed ourselves to get into so much debt. Now we will pay the price.

Things did not have to turn out this way. Unfortunately, we made decades of incredibly foolish decisions and we wrecked the greatest economic machine that the world has ever seen. Now the future for America looks really bleak…[end of article].

China Now “Moving Away” from U.S. Dollar

According to a report by the International Business Times (IBT), China’s official news agency, Xinhua, is calling for the deAmericanization of the global economy. Remember, Xinhua is an official mouthpiece for the communist Chinese government. The announcement came as a response to the October 2013 political battle over the U.S. debt ceiling. The Xinhua editorial said, “As U.S. politicians of both political parties are still shuffling back and forth between the White House and Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a deAmericanized world.” It was concern over a potential U.S. default that primarily drove Chinese criticism, along with concerns of another possible downgrade in U.S. credit ratings. Indeed, from the Chinese perspective, the budget impasse had the potential to threaten the value of their considerable dollar holdings. China is the biggest foreign owner of U.S. Treasuries—$1.3 trillion worth. The communist nation also holds about $3.5 trillion in other dollar-denominated assets.

The ongoing devaluation of Beijing’s massive dollar holdings has China worried enough to call for a worldwide move away from the dollar. In fact, the Xinhua editorial revealed China’s strategy of divesting itself, over time, of U.S. holdings. According to the IBT, the editorial “called for an end to the use of the U.S. dollar as the international reserve currency” in order to safeguard the international community from “the side effects of domestic political turmoil in the United States.”4

Because of America’s undisciplined spending and massive debt accumulation—along with the government’s printing of fiat money—the U.S. dollar is steadily losing value. Thus, it is increasingly being perceived as a too-risky investment. What other nations will follow China’s lead in abandoning the dollar?

About a month after the Xinhua editorial, China backed up its words by announcing that it will stop stockpiling U.S. dollars. A press release by the central bank of China said it is “no longer in China’s favor to accumulate foreign-exchange reserves.”5 As of late 2013, China’s foreignexchange reserves were valued at approximately $3.6 trillion—the biggest chunk made up of U.S. dollars. Due to the massive trade imbalance between China and America, the Chinese have accumulated an enormous amount of dollars. Throughout this process, Chinese products have been less expensive on the world market, the Chinese yuan has been held artificially low, and the U.S. dollar has been artificially “propped up.”

But now, the state-run People’s Bank of China has determined that it is no longer in China’s interest to increase its holdings of foreign-exchange reserves—and this chiefly means U.S. dollars. The move appears to be aimed at strengthening the yuan. Thus, Chinese policymakers are now expected to rein in dollar purchases that limit the yuan’s appreciation. According to analysts, a stronger yuan means China will no longer need to hold vast amounts of foreign-exchange reserves.

What will this mean for America? Our trade alliance with China has kept the dollar artificially high. This will no longer be the case: the value of the dollar will now go down and everything will get more expensive. The ubiquitous phrase “made in China” will no longer mean an item is cheap.

According to a recent CNBC news report, China’s move to no longer stockpile dollars likely signals that the Chinese are also preparing to draw back from buying our government debt.6 America is heavily dependent on foreign nations lending us money. Right now, China owns nearly $1.3 trillion of our debt. If China stops purchasing our treasury bonds, what other nations will follow suit? Who will finance our debt? Needless to say, such a scenario would spell financial disaster for the United States.

The world’s financial and political lines are being subtly redrawn. Change is coming—big change—and most Americans have absolutely no idea what this is going to mean. As demand for the U.S. dollar and for U.S. debt diminishes, everything will become much more expensive; the enviable American standard of living will soon become a thing of the past.

In materialistic greed, America has lusted after economic “lovers.” We have rejected God and His Word—and are now cursed (Deut. 28:44). Decades of foolish decisions are starting to catch up with us. As one writer cleverly put it, when it comes to economics, “China has been playing chess while the United States has been playing checkers.”7


1. See Jer. 30:14; Ezek. 16:36-37; 23:5, 9, 22; Hosea 2:5, 7, 10, 12, 13; 8:9

2. Presently, America’s economy is twice the size of China’s. But due to current economic policies, U.S. growth is almost at a standstill. Meanwhile, China is growing rapidly—and is set to likely surpass the U.S. within a decade.

3. and-special-economic-zones-all-over-america/#jyPJPaHzMpYPva F8.99

4. Jijo Jacob, “Debt Ceiling: China Calls for World to be De- Americanized” (Oct. 13, 2013). From xinhua-de-emericanised-513431.

5. Michael Snyder, “China Announces that it is Going to Stop Stockpiling U.S. Dollars” (Nov. 21, 2013). From archives/china-announces-that-it-is-going-to-stop-stockpiling-u-s-dollars. Snyder references in-china-s-favor-to-boost-record-reserves.html.

6. Snyder, referencing

7. Snyder,