Most Americans like Walt Patrick are victims of USA media reporting, which unfortunately twist their facts depending on which lobby pays them in Washington.
Hutchinson Whampoa owns the trans atlantic port facility and several port facilities around the world. In fact they are the biggest private port operator in the world. Headed by Li Ka Shing, the richest self made Chinaman alive and headquartered in HK, does not make him part of China. He is a capitalist, more capitalist than most Americans. Global Crossing was acquired by Singapore Telemedia, owned by the Singapore Technology Group, listed in Singapore and majority owned by the Singapore Government. Singapore is not part of China. Please check your geography. On the other side of the coin, almost 90% of shoes sold in USA, came from China. China only get US$1.00 to US$2.00 per shoe manufacturing shoes for Americans. This amount pays for the Chinese labour, use of the factory and land, electricity and small amount of raw material. Most of the origianl material came from the USA OEM who contarct manufactured shoes like Nike, Reebok, Kimberly Clark and hundereds of others. Are you saying that China rob Americans of the jobs that there are not so keen to do? Do you realise that China is actually reducing inflation for America? How many pair of shoes must China sell to USA in exchange for a Boeing 747? We are not talking about just shoes but almost every affordable items that retails at Walmart. The profit made by the Walmart and thousands of companies that outsourced their manufacturing to China are held by USA, not China. Most Americans accept facts graciously and are generally kind hearted despite being fed with all kinds of twisted facts by the media vested parties, like puppets on a string . Cheers, CS Chua Jet Propulsion in Pasadena was started by a Chinese engineer from China. After the war, someone in Washington decided that all Chinese are Communists. So this brilliant scientist was deported to China in exchnage for a USA pilot shot while overflying Chinese territory. This Chinese scientist eventually lead China to build its own nuclear bomb, ICBM and space rockets. Now Jet Propulsion is an institution America is most proud off. It is NASA most prized possession. Now care to find out who started it? Eat the humble pie and move on. ----- Original Message ----- From: "Walt Patrick" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Thursday, December 30, 2004 2:29 AM Subject: Re: [Biofuel] Made in China? > At 08:58 AM 12/29/2004, you wrote: > >Can someone please explain why it is that approx. 70 to 80% (I think I am > >being a little too conservative with these percentages) of the "items" for > >sale, at any given department store in America today, are made in > >China? This question has bothered me for years. > > There are those who will tell you that China declared economic war > on the US by first devaluing their currency, and then pegging it to the > US$. The income gain from the resulting flood of merchandise you've > described has enabled China to embark on a program of acquiring key assets > in and around the US such as both ends of the Panama canal, the largest > container trans-shipment facility in the Atlantic, Global Crossing's fiber > optic network, etc. > > China currently holds a half-trillion in US securities, a holding > which could allow them to crash the dollar any time they chose by dumping > those securities on the world market. That makes for an impressive chip to > hold over Washington's head any time they want to play hard ball. The sale > of an endless supply of cheap consumer goods through Wal-Mart (they market > more than $10 billion a month of these goods) has shifted control of the > dollar from Washington to Beijing. > > China has also embarked on a program of using those funds to buy > up blocks of strategic resources and technology. For example, the super > magnets used in the servo motors of cruise missiles used to be manufactured > in the US. The Chinese bought that plant, duplicated it in China, and have > since begun the process of closing down the US plant. > > Walt > > _______________________________________________ > Biofuel mailing list > [EMAIL PROTECTED] > http://wwia.org/mailman/listinfo.cgi/biofuel > > Biofuel at Journey to Forever: > http://journeytoforever.org/biofuel.html > > Biofuel archives at Infoarchive.net (searchable): > http://infoarchive.net/sgroup/biofuel/ > > > _______________________________________________ Biofuel mailing list [EMAIL PROTECTED] http://wwia.org/mailman/listinfo.cgi/biofuel Biofuel at Journey to Forever: http://journeytoforever.org/biofuel.html Biofuel archives at Infoarchive.net (searchable): http://infoarchive.net/sgroup/biofuel/
