Switzerland China Currency Swap Through Their Central Banks

Editor's Note

The Chinese keep expanding the use of mutual currency swaps to do an end run around the U.S. Dollar.  Now Switzerland China currency swap is added to the growing list.

Here's the countries I have found, prior to the Swiss, that have entered into the currency swap arrangements with China since 2008:

  • ​Pakistan
  • Argentina
  • South Korea
  • Indonesia
  • New Zealand
  • Malaysia
  • Belarus
  • Hong Kong
  • Japan
  • Uzbekistan
  • Thailand
  • Turkey
  • Singapore
  • Kazathstan
  • Chile
  • India
  • Brazil
  • United Kingdom
  • France
  • South Africa
  • Germany
  • Nigeria
  • United Arab Emirates (UAE)
  • Australia
  • Iran
  • Russa
  • Switzerland
  • Mongolia
  • Iceland
  • Hungary

This list may not have all the countries agreeing to go outside the dollar and do currency swaps with China.  (I DID NOT DO A SEARCH ON EACH INDIVIDUAL COUNTRY AND THEIR CURRENCIES.)  But the currency swaps are expanding to the Central Banks to include the ECB (European Central Bank) to now the Swiss Central Bank.  The Swiss are a major player in world banking and finance.

And let's not forget, whether our national and international policies are right or wrong, this year we have alienated more countries, such as Russia and France (especially with the sanctions) ​to move away from the US Dollar.

Truthfully if this present trend continues and we have more international issues, without some real solutions to our monetary policy issues, you have to ask yourself:  Will the US Dollar still be the world's reserve currency by the end of 2015?​

Why does it matter whether the US Dollar is the world's reserve currency?  Can't we just use the US Dollar at home? 

Yes, you can use the US Dollar at home.  We spend trillions in international trade and are highly dependent on it.  In fact 20% of your food supply is IMPORTED.  We have been exporting our manufacturing base since George Bush Sr. 41 was president.  Since we have been exporting our manufacturing base we are dependent on IMPORTS for our economy and individual use

Can you now see that we will experience our modern Weimar Republic (Germany post WWi), an onslaught of meteoric rise of inflation in major economic sectors of our economy,  once other countries loose faith in the US Dollar as the trading instrument?

I encourage everyone to keep following the currency swaps on their own.  The media seems to focus only on the BRICS countries, but they are just a fraction of what is going on. Follow the trend.​

Be on your toes so your dollars, income and savings can go farther!

Swiss, Chinese Central Banks Enter Currency Swap Agreement

By Dow Jones Business News, July 21, 2014, 04:12:00 AM EDT

By Neil MacLucas and Richard Silk

ZURICH--The Swiss National Bank and the People's Bank of China reached a currency swap agreement on Monday, allowing the two central banks to buy and sell their currencies up to a limit of 150 billion renminbi, or 21 billion Swiss francs ($23.4 billion).

The deal will also allow the Swiss central bank to invest some of its huge accumulation of foreign exchange reserves in the Chinese bond market, the SNB said in a statement Monday.

The Zurich-based SNB said the agreement will further strengthen collaboration between it and its Chinese counterpart and is a "key requisite for the development of a renminbi market in Switzerland." It could also facilitate trade and investment between the two countries, the PBOC said.

Switzerland is the latest of a series of countries to set up swap lines with China, which is keen to promote the international use of the yuan.

Last year China signed swap agreements with the European Central Bank and a clutch of others, including the U.K., Brazil and Indonesia.

The agreement between China and Switzerland has a term of three years and can be renewed thereafter, the PBOC said.

Write to Neil MacLucas at neil.maclucas@wsj.com and Richard Silk at richard.silk@dowjones.com


Read more: http://www.nasdaq.com/article/swiss-chinese-central-banks-enter-currency-swap-agreement-20140721-00068#ixzz38JjLmYOq

Big Corporations Power Over Your Food Supply

                Editor's Note           

You should pay attention to the concentration of our food supply. It is bad for your health and your wallet.

When power gets concentrated:

  • ​Higher prices result because price fixing is easier, i.e., YOUR GROCERY BILL INCREASES!
  • You have less choice of products, i.e., cheaper ingredients, GMOs, MSG, hidden MSG, aspartame, etc.
  • Innovation gets decreased because competition becomes more difficult;
  • You have less influence over product ingredients.

Stay away from Walmart!  It's sick that a third of the groceries are bought there!  Walmart heavily relies upon imported food from China.  Food grown in China has all kinds of safety issues.  Please see my page, http://survive-thrive.us/food-country-of-origin/.  Country of origin does matter for your health.  Also a recent study this year found that 54% of the food sold in Walmart would not meet Whole Foods standards to be sold in their stores.  Whole Foods has issues but nothing like Walmart, which I consider the bottom of the pit.

I visit a variety of grocery stores for market observations.  It is very striking time after time observing the physiological differences between shoppers at Trader Joes and Whole Foods compared to Walmart.  Many of the  grocery shoppers at Walmart are grossly morbidly obese yet when you visit Trader Joes or Whole Foods you do not see that degree of obesity there.  Just go and observe for yourself. 

It makes you wonder could it be the foods these shoppers are selecting that is contributing to their physiological presence and health issues?​

​(You don't have to go to Walmart to save on your groceries.  You can afford to stay out of Walmart by eating Thrive foods.  Just contact me and I will show you how to save 20 to 40% or more by planning and not wasting food.)

Vote for your health and your pocketbook with your dollars!  Avoid purchasing any of these brands if at all possible!

Pay attention to the diagram below.  Vote for your health and your pocketbook with your dollars!  Avoid purchasing any of these brands if at all possible!

For enlargement of diagram: http://theeconomiccollapseblog.com/wp-content/uploads/2014/07/10-Corporations-Control-What-We-Eat.png

Big Corporations Have An OVERWHELMING Amount Of Power Over Our Food Supply

By Michael T. Snyder, Guest Columnist, of TheEconomicCollapseBlog.com​

​From our fields to our forks, huge corporations have an overwhelming amount of power over our food supply every step of the way.  Right now there are more than 313 million people living in the United States, and the job of feeding all of those people is almost entirely in the hands of just a few dozen monolithic companies.  If you do not like how our food is produced or you don't believe that it is healthy enough, it isn't very hard to figure out who is to blame.  These mammoth corporations are not in business to look out for the best interests of the American people.  Rather, the purpose of these corporations is to maximize wealth for their shareholders.  So the American people end up eating billions of pounds of extremely unhealthy food that is loaded with chemicals and additives each year, and we just keep getting sicker and sicker as a society.  But these big corporations are raking in big profits, so they don't really care.

If we did actually have a capitalist system in this country, we would have a high level of competition in the food industry.  But instead, the U.S. food industry has become increasingly concentrated with each passing year.  Just consider the following numbers about the U.S. agricultural sector...

The U.S. agricultural sector suffers from abnormally high levels of concentration. Most economic sectors have concentration ratios around 40%, meaning that the top four firms in the industry control 40% of the market. If the concentration ratio is above 40%, experts believe competition can be threatened and market abuses are more likely to occur: the higher the number, the bigger the threat.

The concentration ratios in the agricultural sector are shocking.

-Four companies own 83.5% of the beef market.
-The top four firms own 66% of the hog industry.
-The top four firms control 58.5% of the broiler chicken industry.
-In the seed industry, four companies control 50% of the proprietary seed market and 43% of the commercial seed market worldwide.
-When it comes to genetically engineered (GE) crops, just one company, Monsanto, boasts control of over 85% of U.S. corn acreage and 91% of U.S. soybean acreage.

When so much power is concentrated in so few hands, it creates some tremendous dangers.

And many of these giant corporations (such as Monsanto) are extremely ruthless.  Small farmers all over America are being wiped out and forced out of the business by the predatory business practices of these huge companies...

Because farmers rely on both buyers and sellers for their business, concentrated markets squeeze them at both ends. Sellers with high market power can inflate the prices of machinery, seeds, fertilizers and other goods that farmers need for their farms, while powerful buyers, such as processors, suppress the prices farmers are paid. The razor-thin profit margins on which farmers are forced to operate often push them to "get big or get out"—expanding into mega-operations or exiting the business altogether.

Of course the control that big corporations have over our food supply does not end at the farms.

The distribution of our food is also very highly concentrated.  The graphic shared below was created by Oxfam International, and it shows how just 10 gigantic corporations control almost everything that we buy at the grocery store...

10 Corporations Control What We Eat

And these food distributors are often not very good citizens either.

For example, it was recently reported that Nestle is running a massive bottled water operation on a drought-stricken Indian reservation in California...

Among the windmills and creosote bushes of San Gorgonio Pass, a nondescript beige building stands flanked by water tanks. A sign at the entrance displays the logo of Arrowhead 100% Mountain Spring Water, with water flowing from a snowy mountain. Semi-trucks rumble in and out through the gates, carrying load after load of bottled water.

The plant, located on the Morongo Band of Mission Indians’ reservation, has been drawing water from wells alongside a spring in Millard Canyon for more than a decade. But as California’s drought deepens, some people in the area question how much water the plant is bottling and whether it’s right to sell water for profit in a desert region where springs are rare and underground aquifers have been declining.

Nestle doesn't stop to ask whether it is right or wrong to bottle water in the middle of the worst drought in the recorded history of the state of California.

They have the legal right to do it and they are making large profits doing it, and so they are just going to keep on doing it.

Perhaps you are thinking that you can avoid all of these corporations by eating organic and by shopping at natural food stores.

Well, it isn't necessarily that easy.

According to author Wenonah Hauter, the "health food industry" is also extremely concentrated...

Over the past 20 years, Whole Foods Market has acquired its competition, including Wellspring Grocery, Bread of Life, Bread & Circus, Food for Thought, Fresh Fields, Wild Oats Markets and others. Today the chain dominates the market because it has no national competitor. Over the past five years its gross sales have increased by half (47 percent) to $11.7 billion, and its net profit quadrupled to $465.6 million. One of the ways it has achieved this profitability is by selling conventional foods under the false illusion that they are better than products sold at a regular grocery store. Consumers falsely conclude that these products have been screened and are better, and they are willing to pay a higher price.

The distribution of organic foods is also extremely concentrated. A little-known company, United Natural Foods, Inc. (UNFI) now controls the distribution of organic and natural products. Publically traded, the company has a contract with Whole Foods and it is the major source of these products for the remaining independent natural food stores. This relationship has resulted in increasingly high prices for these foods. Small manufacturers are dependent on contracts with UNFI to get their products to market and conversely, small retailers often have to pay a premium price for products because of their dependence on this major distributor. Over the past five years, UNFI's net sales increased by more than half (55.6 percent) $5.2. billion. Its net profit margin increased by 88 percent to $91 million.

Everywhere you look, the corporations are in control.

And this is especially true when you look at big food retailers such as Wal-Mart.

Right now, grocery sales account for about half of all business at Wal-Mart, and approximately one out of every three dollars spent on groceries in the United States is spent at Wal-Mart.

That is absolutely astounding, and it obviously gives Wal-Mart an immense amount of power.

In fact, if you can believe it, Wal-Mart actually purchases a billion pounds of beef every single year.

So the next time someone asks you where the beef is, you can tell them that it is at Wal-Mart.

On the restaurant side, the ten largest fast food corporations account for 47 percent of all fast food sales, and the love affair that Americans have with fast food does not appear to be in danger of ending any time soon.

Personally, if you do not like how these corporate giants are behaving, you can always complain.

But you are just one person among 313 million, and most of these big corporations are not going to consider the ramblings of one person to be of any significance whatsoever.

Collectively, however, we have great power.  And the way that we are going to get these big corporations to change is by voting with our wallets.

Unfortunately, the vast majority of Americans seem quite satisfied with the status quo.  So the population as a whole is likely going to continue to get sicker, fatter and less healthy with each passing year, and the big food corporations are going to keep becoming even more powerful.

Encouraging Illegal Immigration: Charity Begins At Home

Why Is Obama Encouraging Illegal Immigration When We Can’t Take Care Of Millions Of Our Own Citizens?

Michael Snyder, JD, of the Economic Collapse Blog, Guest Columnist

07 Jul 2014 07:36 PM PDT

For years, the Obama administration has been making it abundantly clear that it is a friend of illegal immigrants.  Border security is a joke, the federal government refuses to go after “sanctuary cities” even though they are breaking federal law, there is a website that instructs immigrants how to sign up for welfare programs once they arrive in the United States, and the Obama administration has distributed flyers that tell illegal immigrants that their immigration status will not be checked when they apply for food stamps.  And Obama has even instructed officials to use “prosecutorial discretion” in deportation cases involving non-criminals.  In other words, Obama has been flashing a huge green light to illegal immigrants, and so of course our borders were going to be inundated with them.

Apologists for the Obama administration will debate you all day about what Obama “intended” and what he didn’t “intend”, but there is no doubt about what message immigrants from Central America have been receiving.

For example, one young mother recently told the press that she heard that if you “go to America with your child, you won’t be turned away“.

And you can view video of a little boy from Central America telling an investigate reporter that he believes that Barack Obama has “given permission” for him to live in the United States right here.

It isn’t an accident that our southern border is literally being flooded with illegal immigrants right now.  Newspapers in El Salvador and Honduras have been publicizing how easy illegal immigration has become, and even the President of Honduras has said that people are coming to the United States for “Obama’s amnesty”.

When they arrive, thousands upon thousands of these illegal immigrants are using rehearsed answers that border patrol agents are hearing over and over again.  Word has spread that if illegal immigrants claim that they are “fleeing gang violence” that it is more likely that they will be allowed to stay.

What we are witnessing down on the southern border is really unprecedented.  It has been estimated that twelve times as many kids are crossing our borders illegally now compared to just a few years ago.

And they just keep on coming.

This is utter madness.

Now, please don’t think that I am anti-immigrant.  I am all for legal immigration.  This is a nation of immigrants and we will always need immigration.  But everyone should be required to come in through the front door.  Encouraging illegal immigration is simply a recipe for disaster.

If we keep the back door wide open, the truth is that we have absolutely no idea who is coming into our country.  Do we really want countless numbers of criminals, welfare parasites, drug dealers and gang members pouring into our cities?  According to the FBI, there are now approximately 1.4 million gang members living in the United States, and it has been estimated that illegal immigrants make up approximately 30 percent of the total population in federal, state and local prisons.

And why in the world would we not want to control the diseases coming into this country?  Over the past several weeks, it has been documented that some of the illegal immigrants that have been apprehended have scabies and tuberculosis.

But instead of sending them right back out of the country, U.S. officials are setting up camps for this tsunami of illegal immigrants.  In other cases, the federal government is simply putting them on buses and planes and shipping them all over the country.  The illegal immigrants are released into their new communities and are given papers which order them to eventually appear in court, but of course the vast majority of them never show up.  You can see a map that documents areas where the federal government has been shipping illegal immigrants right here.

The rational thing to do would be to secure our borders and to send a very clear message that illegal immigration is not welcome in the United States.

But instead of doing that, the Obama administration is actually bringing in a riot squad to deal with anti-immigration protesters.

During normal times all of this would be crazy enough, but right now we are at a point where we cannot even take care of millions upon millions of our own citizens.

We are told that illegal immigrants do the jobs “that Americans don’t want to do”, but is that really accurate?

In this day and age, there is intense competition for just about any kind of a job.  Despite what the mainstream media says, the truth is that there hasn’t been a significant employment recovery in the United States.  As you can see from the chart posted below, the percentage of the working age population that is actually working is still far, far below where it was just prior to the last recession…

Yes, there has been a very slight bump in the numbers in recent months, but it is certainly no reason for celebration.  When the mainstream media declares that unemployment in America has been steadily going down, they are simply being disingenuous.  Right now things are only slightly better than they were during the worst times of the past several years.

And according to shadowstats.com, the broadest measure of unemployment is still well over 20 percent and has been steadily rising since the end of the last recession.

So no, there aren’t nearly enough jobs in the United States.

And thanks to competition from immigrant labor and thanks to the fact that millions of good jobs have been shipped overseas, the quality of our jobs continues to decline as well.  For much more on that trend, please see this article.

Needless to say, now is not the time to open up the floodgates to millions of immigrants that will need jobs to support themselves.  Many of our major cities are already so economically depressed that they look like war zones.  In fact, things have gotten so bad in Detroit that a plan is being considered to bulldoze a fifth of the entire city

In May, a group ominously titled the “Detroit Blight Removal Task Force” released a report claiming that around 22 percent of the city’s properties were “blighted” – vacant, damaged or considered dangerous. They also found that, of the 84,000 properties owned by public entities, just over 5,000 were occupied by squatters, making the city of Detroit, the report’s authors noted, “a very large and inadvertent landlord”.

The task force’s proposed solution is to demolish it all over the next five years and start again. Unfortunately, the plan doesn’t extend to rebuilding the properties – it’ll be down to private companies and developers to buy up the land and rebuild.

For much more on the decay of our major cities, please see my previous article entitled “The Death Of The Rust Belt“.

Considering the fact that we are already having such a severe problem taking care of our current population, what do you think is going to happen to these waves of illegal immigrants as they attempt to settle in to communities all around the nation?

Ultimately, we are going to have to end up financially supporting a very large percentage of them too.

Right now, more than 20 percent of children in this country are already living in poverty, and 49 million Americans are dealing with food insecurity.

If Obama continues to encourage mass illegal immigration, those numbers are going to get much worse.

Government dependence is already at an all-time record high, and about half the country currently receives benefits of some sort from the federal government every month.

How much more weight can we put on the “safety net” before it breaks?  Just check out some more numbers about this crisis from one of my previous articles

Ten years ago, the number of women in the U.S. that had jobs outnumbered the number of women in the U.S. on food stamps by more than a 2 to 1 margin.  But now the number of women in the U.S. on food stamps actually exceeds the number of women that have jobs.

The U.S. government has spent an astounding 3.7 trillion dollars on welfare programs over the past five years.

Today, the federal government runs about 80 different “means-tested welfare programs”, and almost all of those programs have experienced substantial growth in recent years.

Back in 1960, the ratio of social welfare benefits to salaries and wages was approximately 10 percent.  In the year 2000, the ratio of social welfare benefits to salaries and wages was approximately 21 percent.  Today, the ratio of social welfare benefits to salaries and wages is approximately 35 percent.

While Barack Obama has been in the White House, the total number of Americans on food stamps has gone from 32 million to nearly 47 million.

Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

It sounds crazy, but the number of Americans on food stamps now exceeds the entire population of the nation of Spain.

According to one calculation, the number of Americans on food stamps is now greater than the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

According to a report from the Center for Immigration Studies, 43 percent of all immigrants that have been in the United States for at least 20 years are still on welfare.

A lot of people that are trying to immigrate here illegally just want to make a better life for themselves, and I can appreciate that.

But a policy of making it incredibly difficult for honest people to come in through the front door while keeping the back door completely wide open for lawbreakers is a recipe for national suicide.

And right now we don’t have jobs for these immigrants.

We can’t even take care of the people that are already living here.

Something desperately needs to be done about this, but I wouldn’t hold your breath waiting for Obama to make a bold move to stop illegal immigrants from pouring over the border.

 

NOTE:  For those that believe in helping the disadvantaged (which I do), we have to keep in mind what my late Daddy J would say:  CHARITY BEGINS AT HOME. 

If we can’t take care of our own, how are we going to take care of those outside our country???

If President Obama would truly like to help these people, then why does he not close the border and send troops, if necessary, down to their countries to take care of the drug criminal gangs if their countries can’t handle the problem?  It would be in our interest since most of the illegal drugs coming into the US are from Central and South America.

By allowing these unaccompanied minors in, is he not substantially increasing the risk that they will fall prey to sex trafficking and slavery (yes, we are finding some of this even in America)?  Or how humane is it to allow these children and illegal immigrants carrying diseases and sick into the system without treating them?  And how humane is it to expose our citizens, legal and illegal immigrants to the diseases they are carrying?  Is it compassionate and intelligent to be brewing a public health crisis?

Why doesn’t he instead encourage developing businesses within their countries so they have jobs and a reason to stay within their country?

Instead, we continue spending precious resources on borrowed money in the Middle East.

And we do so now when even the US is the number 1 exporter of oil, even exceeding Saudi Arabia, courtesy of fracking (another issue, another day).

Is the problem here that Guatemala, Honduras and other countries don’t have oil?  Do we care less about their stability because there is no financial gain to be had?  Are we a nation of political hypocrites?

What do you think?

Economic Health: Gold is Probably Gone, Real Inflation Understated, Recession is Coming

Economic Health: Gold is Probably Gone, Real Inflation Understated, Recession is Coming

Is the death of the dollar a "when" instead of an "if"?I encourage you to listen to Dr. Roberts interview with King World News.  The economy is much worse shape than policy makers are indicating.  Many of the figures are overstated or understated our economic health, depending on the outcome desired.

If a private citizen or business did what the government is doing, would we be sued or at worse in jail?

Is your assets in paper only, whether certificates, stocks, money, etc.?  Do you have possession of those paper assets?  Or can you physically touch your assets?

In law we have a rule:  Possession is 9/10’s of ownership.  You can “own” something but if someone else has physical possession and a dispute erupts, then how are you going to get it?  This is what causes many lawsuits, trying to get possession of things that people claim they owed but are being denied ownership rights.  Many times while the litigation is ongoing the value of the property dissipates.

Listen to Dr. Roberts’s brief interview about the nation’s economic health by clicking 6-28-2014 Roberts interview.

Tainted Chinese Food-Cadium in Rice

Tainted Chinese Food-Cadium Found in Rice

I encourage everyone to read the entire articles from Reuters news service.

I’ve been studying and publishing some on the tainted Chinese food products imported from China.

Reuters article adds more information into the puzzle.  Up to seventy percent (70%) of China’s farmland is affected by pollution.  (Please re-read that).

Approximately 60% of the pesticides the Chinese farmers are using are also contaminating their food supply chain.  Apparently Chinese farmers like to put arsenic in their animal feed to keep down bacteria.

Couple this with they have 40% of their rivers and waterways very polluted with heavy metals which are highly toxic to humans.

Now add to the fact early articles published in this category report that less than 2% of the food we import from China the FDA inspects.

Can you see a disaster recipe of tainted Chinese food?  How in the world can you trust any foods from China?  Why are major food processors like Green Giant and Dole continuing to grow or buy foods there, even process them and import them to the US?  Why can’t these food conglomerates go to South America or Africa if they claim that they can’t afford to grow in the US?

Why are we supporting this self inflicted wound by purchasing potentially tainted Chinese foods, grown or processed, in China?

Think about it!–No Name Attorney

By David Stanway and Niu Shuping

BEIJING |         Wed May 22, 2013 5:20pm EDT

(Reuters) – The discovery of dangerous levels of toxic cadmium in rice sold in the southern city of Guangzhou, the latest in a series of food scandals, has piled more pressure on China to clean up its food chain – possibly at the expense of Mao Zedong’s cherished goal of self-sufficiency.

The ruling Communist Party has long staked its legitimacy on its ability to guarantee domestic staple food supplies, and has pledged to be at least 95 percent self-sufficient even as demand increases and the fastest and biggest urbanization process in history swallows up arable land.

That has led to a drive for quantity rather than quality – securing bumper harvests even from land contaminated by high levels of industrial waste and irrigated with water unfit for human consumption. “China has a big population and we used to face food shortages so the government has focused on quantity,” said Li Guoxiang, a researcher at the state-backed Rural Development Institute of the China Academy of Social Sciences.

But food safety is becoming a bigger worry than food security after a series of scandals ranging from melamine-tainted milk to toxic heavy metals in rice and vegetables – and raising the share of imports may be the least-worst option.

The government, under increasing public pressure and facing anti-pollution protests, has promised to reverse some of the damage done to the environment by three decades of breakneck industrial expansion. But the scale of the problem is huge, especially as China looks to maintain its economic growth, find jobs for millions of new urban residents and ensure that just 9 percent of the world’s land can feed a fifth of the global population.

Read More Here

Food Imported From China: Are a Few Pennies of Savings Worth the Risk?

Food Imported From China:  Are a Few Pennies of Savings Worth the Risk?

I am posting a series of articles that Mike Adams and Natural News has done on food and other associated health products that we import from China.

Mike is right about the lack of inspections by the FDA on imported food.  My own research shows that imported foods may at best have a 2% chance of being inspected.  Businesses that import foods cannot rely the FDA to assure them that imported foods are safe.

As someone who teaches Business Law to MBA students, companies who import from China do not really appreciate the higher risk of liability that comes from importing Chinese goods.

In a products liability action, even if the reseller exercised some “due diligence” by doing quality control testing on goods imported from China, should the consumer purchaser be injured it will be the reseller and anyone in the supply chain that will be held liable.  The law, jury and judges do not care that the culprit is an ocean away from the courtroom.  And let’s see how successful a U.S. company will be in getting the Chinese manufacturer to reimburse them for their settlements and jury awards to US consumers, much less their court costs and expensive attorneys fees.

Is saving a few pennies or even dollars per item worth that risk?

Think about it–No Name Attorney

Not Even Good Enough for Dog Food:  Imported Food From China Loaded With Chemicals, Dyes, Pesticides and Fake Ingredients

By Mike Adams

May 10, 2013

(NaturalNews) Do you really know what’s in all the food you’re eating that’s  imported from China? If you don’t, you’re actually in good company: The FDA only  inspects 1% – 2% of all the food imported from China, so they don’t know either.  Even when they inspect a shipment, they rarely test it for heavy metals,  pesticides, PCBs or other toxic contaminants.

Mark A. Kastel, Senior Farm  Policy Analyst at The  Cornucopia Institute, added emphasis to this point as he testified this week  in The House Committee on Foreign Affairs Subcommittee on Europe, Eurasia and  Emerging Threats, saying, “We don’t trust, for good reason, the Chinese to  supply ingredients for our dog and cat food. Why should we trust Chinese  exporters for the food that we are feeding our children and  families?”

It’s a good question. Especially when, as Kastel adds, Chinese  food is being routinely found to contain “unapproved chemicals, dyes, pesticides  and outright fraud (fake food).”

Heavily contaminated food from China

As Natural  News has already reported, food from China is frequently found to contain  alarming levels of heavy metals (arsenic, cadmium, lead, mercury) and other  contaminants. Politically, China is a communist dictatorship where freedom of  speech is completely outlawed. Environmental regulations are virtually never  enforced. The culture is one of total deception where lying, cheating, stealing  or committing fraud to get ahead is considered completely acceptable — because  that’s how government is operated there. The moral decay of China  is directly reflected in the alarming dishonesty of the food supply. (Yes, a  country’s food exports will reflect its cultural and political philosophies.  Freedom produces healthy food. Oppression and communism produces deceptive,  deadly food.)

Learn more: 

The Walmart National Internet Sales Tax-Stop It While You Can

The Walmart Internet Sales Tax Has Passed the Senate-Stop It While You Can

It looks like the Walmart Internet Sales Tax is on its way.

It’s primary promoter is Walmart.  It comes from a struggle of Walmart worrying about the growth of Amazon and other internet sales sites.  Yet Walmart also sells on the internet.  Walmart online can’t compete against Amazon because it has serious baggage.

Understand that many U.S. businesses will lose business because some sales taxes are high, greater than 8%.  In a struggling economy there will be consumers that won’t buy online if they have to pay 8% more.

Where Walmart is narrow and incorrectly focused is that consumers will start buying more from Chinese businesses and other foreign businesses to save that 8%.  If you don’t believe me, go to Ebay and look at the massive number of Chinese businesses online.  EBay buyers will be comfortable purchasing from Chinese businesses because of Paypal guarantees, eBay enforcement on transactions, etc.

Do you think their might be some hypocrisy here considering that a good portion of the Walmart merchandise comes from Chinese companies?  They can import much cheaper goods (in essence costing American jobs), thus getting a double benefit while the consumer pays more taxes. How much tax revenue has federal state and local governments lost because of Walmart buying overseas goods from workers’ loss of jobs?  Where’s the outcry of Walmart about that? 

I urge consumers if they don’t like the Walmart  Internet Sales Tax, which is what the law should be named, that you boycott buying from Walmart.  Things that you buy from Walmart now you can buy online, without the long lines, hassles and decreased customer service.  If you think what they’ve done is motivated by anti-competitive trade practices, then should you indirectly endorse that conduct by buying from them?  If enough of us move our business elsewhere, even if we can’t keep this legislation from becoming law, we can show Walmart that there are consequences when they overstep fair competition.

The cry about states losing sales tax is really an unjust argument.  Why?  Because many businesses that have no nexus (or physical location) to a state will be forced to collect city, county and local taxes at considerable costs to them.  Are the states going to pay them for their labor and time collecting taxes for them, in essence being a de facto tax collector?  No.  What about the costs to purchase the software to do this?  Are they going to get this software for free?  No.

It is the responsibility of the taxing authorities to collect their own taxes.  Many staes have already worked out agreements with the big internet sellers.  And if they can’t effectively collect their taxes, then maybe they have to reorganize their revenue generating methods.

If you disagree with the “Walmart Internet Sales Tax” I strongly encourage you to let the phones ring off the hook to your Congressmen.  Create Internet petitions.  Write letters and be very vocal.  The House of Representatives is the only hope of derailing the Walmart Internet Sales Tax as President Obama supports is new tax.  This means President Obama will likely sign any version submitted to him.

If you disagree with the “Walmart Internet Sales Tax” then I strongly encourage you use the same means of communication about your objections that you gave to Congress to give Walmart.

Walmart, or any other multi-national corporation, should not have that much influence over our legislative process.  Legally the corporation counts as 1 person, not as 328 million+ citizens.

Think about it!—No  Name attorney

 

Senate Passes Wal-Mart Backed Bill for Taxes on Web Sales

By Richard Rubin, Bloomberg News

The U.S. Senate voted to let states require out-of-state Internet retailers and catalog companies to collect sales taxes, a victory for brick-and-mortar businesses that have been lobbying on the proposal for more than a decade.

The measure now goes to the U.S. House, where the issue is dividing Republicans and won’t receive a quick vote.

Senate Passage of Online Sales Levy Imperils Tax-Free Shopping

David Paul Morris/Bloomberg

The measure, supported by the Obama administration, attracted a coalition of backers including Best Buy Co., Amazon.com Inc. and shopping mall owners. Amazon, the largest Internet-based retailer, is expanding into more states to speed delivery, which means it will pay taxes anyway.

The measure, supported by the Obama administration, attracted a coalition of backers including Best Buy Co., Amazon.com Inc. and shopping mall owners. Amazon, the largest Internet-based retailer, is expanding into more states to speed delivery, which means it will pay taxes anyway.

The Senate measure, passed yesterday on a 69-27 bipartisan vote, would end the era of tax-free Internet shopping. It is backed by Wal-Mart Stores Inc. (WMT) and other retailers that say it’s unfair that sellers only have to collect sales taxes on purchases made by residents of states where an Internet company has a physical presence.

“It’s a rare opportunity for us to have Republicans and Democrats together on the floor to support a bill that has the endorsement of business and labor and local officials all across the United States,” said Senator Richard Durbin of Illinois, the chamber’s second-ranking Democrat and a co-sponsor of the proposal.

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Is An Economic Crash Greater than the Great Depression Near?

Is An Economic Crash Greater than the Great Depression Near?

As many of you know I am engaged in the food and health war.  But if we have an economic crash, where there is greater job loss than 2008 and thereafter, then if we have less funds will our food quality and health suffer?

For many of us who have food allergies and sensitivities or want to buy higher quality foods, the traditional grocery store just is not a friendly place.  We will not fare well if we lose our income sources and have to go on food stamps.

So what suggestions do you have that everyone should consider to offset and prepare for a potential financial hurricane?   Think about it!  –No Name Attorney 

The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression”

by Mac Slavo

 

“The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States.”
Peter Schiff August 2006

In 2006, when he faced off with many well known Titans of investing and warned of an impending financial disaster and economic collapse, Peter Schiff was laughed at by his colleagues. He urged Americans to exit financial markets and take steps to protect themselves before the wealth held in their savings accounts, retirement investments and real estate was wiped out.

Few listened.

We know what happened next.

Now, those same financial experts who publicly vilified Schiff for his predictions six years ago are at it again. Many, including our politicians, central bankers and leading economists, have unequivocally stated that the worst is behind us, and that a global recovery is on the horizon.

Once again, Peter Schiff disagrees:

“I think we are heading for a worse economic crisis than we had in 2007,” Schiff said.  “You’re going to have a collapse in the dollar…a huge spike in interest rates… and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it.”

Schiff says that, despite “phony” signs of an economic recovery, the cancer destroying America stems from a lethal concoction of our $16 trillion federal debt and the Fed’s never ending money printing.

According to Schiff, these numbers are unsustainable. And the Fed has no credible “exit strategy.”

Eventually interest rates will rise… and when they do, Schiff says, stocks will tank and bonds dip to nothing. Massive new tax hikes will be imposed and programs and entitlements will be cut to the bone.

“The crisis is imminent,” Schiff said.  ”I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems.”

“We’re broke, Schiff added.  ”We owe trillions. Look at our budget deficit; look at the debt to GDP ratio, the unfunded liabilities. If we were in the Eurozone, they would kick us out.”

“The Fed knows that the U.S. economy is not recovering,” he noted. “It simply is being kept from collapse by artificially low interest rates and quantitative easing. As that support goes, the economy will implode.”

A noted economist, Schiff has been a fierce critic of the Fed and its policies for years. And his warnings have proven to be prophetic.

His recent warnings, however, have been even more alarming.  Will they also prove to be true?

In his most recent book, “The Real Crash” How to Save Yourself and Your Country“, Schiff writes that when the “real crash” comes,” it will be worse than the Great Depression.

Unemployment will skyrocket, credit will dry up, and worse, the dollar will collapse completely, “wiping out all savings and sending consumer prices into the stratosphere.”

“All we can do now is prepare for the crash,” Schiff said. “If we brace ourselves properly and control the impact, we will survive it.”

Indeed.

We must understand that none of the fundamental problems leading up to the 2007/2008 financial crisis have been resolved.

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