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Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

by Michael Snyder, Economic Collapse Blog:

Are you ready for a future where China will employ millions of American workers and dominate thousands of small communities all over the United States? Such a future would be unimaginable to many Americans, but the truth is that it is already starting to happen. Chinese acquisition of U.S. businesses set a new all-time record last year, and it is on pace to absolutely shatter that record this year. Meanwhile, China is voraciously gobbling up real estate and is establishing economic beachheads all over America. If China continues to build economic power inside the United States, it will eventually become the dominant economic force in thousands of small communities all over the nation. Just think about what the Smithfield Foods acquisition alone will mean. Smithfield Foods is the largest pork producer and processor in the world. It has facilities in 26 U.S. states and it employs tens of thousands of Americans. It directly owns 460 farms and has contracts with approximately 2,100 others. But now a Chinese company has bought it for $4.7 billion, and that means that the Chinese will now be the most important employer in dozens of rural communities all over America. If you don’t think that this is important, you haven’t been paying much attention to what has been going on in the world. Thanks in part to our massively bloated trade deficit with China, the Chinese have trillions of dollars to spend. They are only just starting to exercise their economic muscles

Read More @ EconomicCollapseBlog.com

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1 comment to Meet Your New Boss: Buying Large Employers Will Enable China To Dominate 1000s Of U.S. Communities

  • Frank Pecenka

    Get used to your new masters fellow inhabitants of North America. The Chinese already have a large stake in the Canadian tar sands and recently purchased a coal mine in British Columbia and brought 200 Chinese workers to the mine since there were no qualified Canadians available (willing to work for a bowl of rice, that is).

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