As I’ve watched the situation in China recently I began gathering notes on the usual suspects. It appears the United States is in the midst of two things: first, it is seeking to curb or contain China through as series of legislative acts that will give the President extraordinary powers of secrecy and legislative and legal abilities over corporate trade agreements; and, two, through this policy it will curb growth in the US workers ability to compete and even to buy. That we’ve been living in a soft fascism for a while now, that our government is owned lock, stock, and barrel by Wall Street and the Financial Capitalism that sponsors it. That for years we’ve been redistributing the wealth of our country to the corporations and global banking systems is already well known. Now their greed is seeking to bring China to its knees. Below is aspects of how they are doing this, as well as bringing themselves down with it.
Stocks were clobbered Friday on Wall Street — a brutal finish to the worst week in the market in four years. The Dow Jones industrial average closed down 530 points, the ninth-biggest point decline in its history. A 1000 for the week. Investors worried about signs of a slowdown in the Chinese economy that could hammer companies and countries around the world. The stock of Apple, which depends heavily on demand from China, fell more than 6 percent. (NBC News)