Category: Economy

(12-16-19) US: “SAFE WEB Extension Act” Passes in the House

In 2005, foreign players were involved in nearly 20% of the fraud American consumers complained about.

In 2006, the Federal Trade Commission analyzed the Consumer Sentinel Network database and concluded that American’s lost about $219M to foreign companies for the year.

From 2006-2008 (as the FTC reported in 2009), it got more than 260,000 cross-border complaints, and responded to “38 requests from 14 foreign agencies in 6 countries resulting in several enforcement proceedings” (HR).

From Jan. 1, 2015 – Oct. 16, 2019, U.S. consumers filed more than 255,000 complaints against foreign businesses, resulting in a total loss greater than $410M.

(4-8-20) AUSTRALIA:

Yet another nation employs communistic redistribution to solve a problem created by communists.

(4-30-20) JAPAN Employs Communism to “Fight” Communist China’s (U.S. Taxpayer Subsidized) Global Medical Attack —

Communists have always aimed at world domination. In March of 1919, the “Third Communist International” was established. According to a speech given by V.I. Lenin, it was “an association of the workers of the whole world who are striving to establish Soviet power in all countries….” Lenin ended his speech by saying, “Soon we shall see the victory of communism throughout the world; we shall see the foundation of the World Federative Republic of Soviets.”

—-Lenin’s Collected Works,
4th English Edition, Progress Publishers,
Moscow, 1972 Volume 29, pages 240-241.

(2-12-20) USA: Former FDA Commissioner, “In total, 80% of the U.S. Supply of Antibiotics are Made in China…”

“[In 2019], manufacturing of intermediate or finished goods in China, as well as pharmaceutical source material, accounted for 95 percent of U.S. imports of ibuprofen, 91 percent of U.S. imports of hydrocortisone, 70 percent of U.S. imports of acetaminophen, 40 to 45 percent of U.S. imports of penicillin, and 40 percent of U.S. imports of heparin, according to the Commerce Department. In total, 80 percent of the U.S. supply of antibiotics are made in China…”

—Scott Gottlieb, physician and former FDA commissioner under Trump’s administration

(Nov. 2019): REPORT TO CONGRESS of the U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION:

“As a result of U.S. dependence on Chinese supply and the lack of effective health and safety regulation of Chinese producers, the American public, including its armed forces, are at risk of exposure to contaminated and dangerous medicines. Should Beijing opt to use U.S. dependence on China as an economic weapon and cut supplies of critical drugs, it would have a serious effect on the health of U.S. consumers.”