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: 

JIM ROGERS: After Cyprus “Bail-in”–Your Accounts, Pension Plans, Are At Risk

JIM ROGERS: After Cyprus “Bail-in”–Your Bank Accounts, Pension Plans, Are At Risk

Think banks are pillars of ethics? Wachovia laundered money for Mexican and Columbian drug cartels. Instead of going to jail, they paid a fine and Wells Fargo merged with them.

I appreciate Tekoa Da Silva getting this Jim Rogers interview.

Jim Rogers has always struck me as being candid about what he thinks.  In a financial world where there are many hidden land mines, Rogers tries to help those who are what one calls Main Street, USA, the mom and pop businesses and investors.  I think it comes from his small town Alabama upbringing, not forgetting one’s roots.

Ask yourself:  After the wrath Congress got from bailing out the “too big to fail” banks in the 2010 mid-term elections, do you think those in Congress want a “second flogging”?  After all, getting to Congress, the way the system has evolved, might their survival instincts cause them to find another way to bail out the “too big to fail” banks should they have another nosedive?

If they don’t bail out the banks with taxpayer funds, then how is a bailout to occur if there is an assessment that “national security” is at risk?

Would they allow another MF Global raid to occur using pension funds that they’re the custodian? 

Or what about the monies on deposits with a failing bank?

What keeps them from doing a Cyprus manuever in the US–basically freezing depositor’s funds and using them as a “bail-in” with an IOU down the road should the bank in jeopardy becomes profitable again?

Do you know the “real health” of the financial institution(s) that holds your hard earned monies?

Should you be doing your due diligence research about the health of your financial institution(s)?  How much risk are you willing to take?  And what is your financial risk management strategy?

Think about it!–No Name Attorney

Jim Rogers: “I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations”

April 5, 2013 | By Tekoa Da Silva

I was able to reconnect for an interview with legendary Quantum Fund manager and commodities bull, Jim Rogers. This was an especially groundbreaking interview, as Jim shared thoughts on what governments around the world will be taking next, and what he’s doing right now to protect his personal bank accounts following the Cyprus collapse.

Speaking towards the frightening implications of the Cyprus banking collapse, Jim said that, “It’s been condoned [now] by the IMF, the European union, and everybody else in sight; that a government in need, can take assets. We all knew they could tax us…but this is the first time that I’m aware of, that they’ve gone in and taken bank accounts. They took gold from people in the U.S. in the 1930′s…but I’ve never heard of them taking bank accounts. [Now] they’re doing it. So be careful [because], now they can take your bank account under this precedent.“

When asked if bank account confiscation will be going worldwide, Jim said, ”Well, it’s now in their bag of tricks, but yes, they can do anything they want too now. I for one am worried and I’m taking preparations. Who knows if I’m right or not, but I’d rather be safe than sorry as all of those people who had money in Cyprus have learned. They thought they had a normal bank account…but now it’s been [taken] with the sanctions of many governments and institutions.”

Jim also urged that, “If people have money in any account, anywhere in the world…cut it down to under the guaranteed amount. They might take that too someday when things get desperate, because the precedent has been set, but that’s where I would start if I had money in the bank anywhere in the world.”

With respect to which assets governments will likely be coming for next, Jim said,401k plans, IRA’s, and pensions plans which the government knows about [may be next]…They’re rationale would be, ‘Well most people haven’t been doing well in their IRAs and pension plans for the past several years, so we’re going to help you. We’re going to take your pension plan and give you government bonds so that you have a guaranteed return.”

Read More Here…