Core Essays

03 November 2024

Red China is Undermining the U.S. Dollar with Counterfeit Money

Red China is having Alibaba sell counterfeit U.S. $20 and $100 Federal Reserve Notes that are sufficient copies that many casual users and perhaps many foreigners would not notice that they were counterfeit.  This is a way to undermine our economy.  See this page.  This sort of nefarious activity directed at the USA is coupled with extensive espionage, the theft of proprietary information, violations of patent law, supplying Mexican drug gangs with fentanyl chemicals, biowarfare (Covid 19), the counterfeiting of many US products, mining monopolies, the planting of harmful misinformation and propaganda on the Internet, and attacks on websites and infrastructure software programs.  Red China is building its military rapidly with a desire to dominate the Earth with its totalitarian control.  It is already impeding the use of international trade routes.

Americans need to take the Red China threat much more seriously than they do, despite the fact that Chinese goods may sometimes be less expensive than American goods.  Red China is one country upon whose goods we should impose significant tariffs, though I am not a general fan of high tariffs.

Trump has been widely criticized by libertarians and many economists because he has advocated high tariffs.  He tends to use them as a negotiating tactic to improve our international trading prospects.  Reducing the $3 trillion per year cost of US regulations imposed on American businesses would help us compete in international markets greatly.  Trump will work on reducing regulations, which Harris will not.  Trump will also not allow the Trump tax cut for small businesses to expire, as Harris and the Democrats will.  This tax cut has made American businesses more competitive in world markets.  Labor unions, backed by Democrats, have also made US businesses less competitive.  Trump will make the US economy more efficient with higher reliable energy use and production, with the building of more pipelines, with the building of more nuclear power plants, and by allowing the export of natural gas.  He will oppose such deadly mandates as those directed at the internal combustion engine in our transportation system and requirements that all carbon dioxide emissions be captured at huge expense.  Over the last year, job creation under Biden/Harris administration has been totally dominated by the hiring of government workers and healthcare workers.  The private sector scale has been reduced and shackled, making it much harder for the USA to compete in world markets.  Trump will improve this debilitating effect of big government growing ever more gigantic and controlling.  

We also have made ourselves less competitive by shouldering so much of the defense of the free world.  It is our military that has made the world safe enough that international trade has grown mightily.  It is perfectly reasonable that a low tariff on the goods of other countries should help pay for this protective service we provide the world.  Our military will otherwise suffer because the excessive spending of the Democrats on their Green New Deal and many other irrational programs such as college student loan forgiveness, caused out-of-control inflation.  This raised interest rates tremendously and has caused the servicing of our national debt to devour more tax money than does our military.  Tariff revenue to cover a portion of our military spending is needed and justified.

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