Top U.S. Exports To China Are Waste Paper And Scrap Metal

Historians tell us that by the very end of the Roman Empire, goods were pouring into Rome from all over the known world, but about the only thing being sent out of Rome was human waste and garbage. America has not yet reached that point, but we are certainly well on our way.

In 2010, the number one U.S. export to China is “scrap and trash”. Yes, you read the correctly. The number one thing that China buys from us is our garbage. According to author Clyde Prestowitz, China’s number one export to the U.S. is computer equipment (nearly $50 billion) while our number one export to them is waste paper and scrap metal (approximately $8 billion).

When it comes to world trade, China is literally wiping the floor with the United States. In August, the U.S. trade deficit with China set a new one month record of $28 billion dollars. Our insane trade policies are making China (along with several of our other “trade partners”) incredibly wealthy, and the U.S. government ends up begging China to lend that money back to us to fund the exploding U.S. national debt. That just isn’t stupidity – that is insanity.

The truth is that our “twin deficits” are literally bankrupting this nation. We are completely and totally destroying the economic future of our children and grandchildren.
But hey, the Vikings beat the Cowboys, Dancing With The Stars is heating up and we all have a bunch of DVDs to get caught up on so why worry ourselves, right?

Unfortunately, the reality is that we can’t afford to be “comfortably numb” any longer if we hope to have any kind of a future.

It is time to wake up people.

Sadly, a significant percentage of young Americans these days can’t even tell you what a “trade deficit” is.

If you don’t believe this, just try a little experiment some time. Just go up to a few young Americans on the street and ask them to define “trade deficit” for you.

But fortunately, the vast majority of the readers of this column are quite informed.

Unfortunately, I still don’t believe that most of you really understand how incredibly dangerous the trade deficit is….

Full article:
http://theeconomiccollapseblog.com/archives/the-number-one-u-s-export-to-china-waste-paper-and-scrap-metal

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