The following report is from the Trends Journal:
One of Donald Trump’s successes as president was to reduce the U.S.’s trade deficit with China—but apparently not.
The reason: the official figures fail to include “de minimis” shipments direct from China to individuals in the U.S. that have a value under $800, The Wall Street Journal noted.
“De minimis” is a Latin term meaning “too small to bother with” and customs officials do not log the shipments’ values.
The shipments number about 800 million annually, with about half coming from China, according to a WSJ analysis of customs data.
This has implications for whether we can trust the figures on imports from China.
Economist Jeff Ferry at the Coalition for a Prosperous America, a group backing tariffs to close trade gaps.
Congress created the de minimis rule in 1938 “to avoid expense and inconvenience to the government disproportionate to the amount of revenue that otherwise would be collected.”
The number of de minimis packages has climbed relentlessly over time, peaking at an estimated value of $67 billion in 2020, then slacking back to roughly $40 billion in 2021.
As the number of the packages grew, the rules governing them have not changed.
Based on Securities and Exchange Commission figures, the largest U.S. Internet retailers are bringing in around $112 billion in de minimis shipments annually, Ferry estimates.
The figure does not capture data from countless small Chinese retailers whose entire business model is to make one-off sales and shipments to the U.S., the WSJ pointed out.
The officially reported U.S. trade gap with China was $402 billion in fiscal year 2018 but shrank to $302 billion in 2020 under Trump-era tariffs and the initial impact of the COVID shutdown.
However, the number of de minimis shipments suggests that the deficit did not shrink in 2020 but could have been between $350 billion and $430 billion, the WSJ said.
AUTHOR COMMENTARY
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
I’ve noted multiple times that the trade deficits under Trump vastly increased and returned to 2008 levels, and then some, as Biden’s administration continued to ratchet up the imports. But the numbers indicated that Trump’s administration reduced the deficit with China, but cranked it up with everyone else. Now we find out over a solid year later that the deficits with China were much higher than reported.
The numbers we are told are nearly always rigged, as the government must always cook the books so the masses don’t understand just how insanely worse the economy is.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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Making trade deals with China is like making a deal with the devil!
Why not make trade deals with Taiwan or Singapore?
That’d be like if I had a business and I was buying goods from a murderer who is constantly threatening me.
This is no surprise, and that history has long tangled roots. Teddy Roosevelt was a good man in many ways, & he fought the monopolists & globalists hard. Yet, he was Augustinian in his eschatology & put his trust in the military & patriotic empire, democracy, holding the corporatists in check. It was under his presidency that America began with empire meddling, the Spanish War, Cuba & the Philippines (actually Protestant-Roman empire warring continuing). I think he saw the truth with WWI and the death of his step-son Kermit, which affected him deeply & destroyed that kingdom-building bravado & ‘liberal positivity’, progressivism: drunkenness, in him….turning him back to the sobering word of God before he died.
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After the establishment of the Fed taking us off of Constitutional monetary policy & back under private, globalist bankers in 1913; and the passing of the equally unConstitutional Income Tax allowing for runaway governmental growth & globalization…..under Woodrow Wilson, guided & shadowed by the infamous Colonel House: The march toward centralization, internationalism, and absolutely fiat money began: which has roots reaching back, and forward to, China of the Red Dragon.
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First they outlawed the use of gold & silver as tender here, & mandated the use of only coin with a nominal metallic value, & paper supposedly backed by gold and silver. (The first time paper notes were ever imposed on a people historically was in China under the Song Dynasty in the 11th century AD. Use it or have your hands cut off, literally….was how they enforced that. The idea came west through the Silk Road to the Moslem, Turks & Ottomans; & into Europe through Venice & the doges, into Rome.)
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Tyranny & despotism, elitism, sexual deviancy & filth were nothing new to the East….but Communism was a western injection & cross-pollination, & it came with Jesuit meddling, & western financing. Marx without his Engels financier, & his filthy spiritual kabalist & bloody Jesuit roots of entangled back-scratching sin & sinners, with the spirit behind them, would have died an unknown. Likewise Mao. Lenin. Stalin. Pol Pot. Idi Amin. The Viet Cong. And so many more. Each bringing their own cultural MYSTERY sorceries, philosophies and traditions in unconverted.
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Yet we can read Isaiah 14 and be reminded that God is no preferer of persons…and that they have no preference, fame or fortune in Hell in the sides of the pit.
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The coup de grace was changing Western thinking from spiritual & evident truth anchored, biblical thinking & proving to a dialectic either-or of ‘rich’ or ‘poor’, and pagan evolutionary philosophy which allows for self-righteousness & self-justification, unwise comparisons with other fallible & corruptible men as the standard rather than God according to the scriptures.
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Serpent-Dragon gnostic-sophist wisdom/sorcery and economics and politics didn’t begin in America. All about illegitimate lawless authority, power & control …..for the ‘deserving’ : those initiated, sorted, and demoted or promoted by those highest up & deepest in whose ‘deserving’ is assumed. The heavy yoke of Lucifer-Satan and Babylon. Matthew 11. There is no rest for the souls of the wicked.
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Nixon, the mystical political apostate descendant of Quakers, took us off of even the gold standard…..though his superstition fostered by his King James Bible reading mother prompted him to defy all the world’s, Rome’s and the Brotherhood’s hatred of the Jews to come to the aid of Israel in the Yom Kippur war of 1973. He was no Christian by biblical terms, and is hard to figure: he was publicly anti-communist (but so was Eisenhower), yet opened diplomatic relations with Red China to the shock of most rank-and-file Americans.
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He’s often painted as an ‘anti-semite’ in spite of that help to Israel because he distrusted the Jewish faction of the covert communist-socialist activism in the United States. And he crossed Henry Kissinger, and the brand of ‘peace’ he & his covert band of filthy elites & technocrats, euthanasia enthusiasts promote. The transgressors were still coming to the full: close, but not yet…
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Da 8:23 And in the latter time of their kingdom, when the transgressors are come to the full, a king of fierce countenance, and understanding dark sentences, shall stand up.
Da 8:24 And his power shall be mighty, but not by his own power: and he shall destroy wonderfully, and shall prosper, and practise, and shall destroy the mighty and the holy people.
Da 8:25 And through his policy also he shall cause craft to prosper in his hand; and he shall magnify himself in his heart, and by peace shall destroy many: he shall also stand up against the Prince of princes; but he shall be broken without hand.
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Bucking that command of the highest up & deepest in may be why they fed Nixon to the wolves, even though he was ‘one of them’ & had done no more nor worse than the rest of them; and had definitely moved forward their one world agenda.
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Ford & Carter did their bidding & played the historical revisionist game of the ‘Palestinians’….while the big boys made tons of money off the inflation, war bucks & suffering of others.
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Reagan came in talking up the King James Bible….but he was an actor by trade, like his buddy Pope John Paul II, who’d cut his teeth in state wartime propaganda production in California, & he certainly didn’t believe it OR the Bible. His wife frequented the same medium that Hillary later did, and in the ’80’s began all the push and talk about investing in ‘the Pacific rim’, the East, including China. As well as the ‘alien’ and Star Wars talk about an extra-planetary threat being the ticket to ‘unite the world’.
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The ‘rustbelt’ began to grow in its turn after the auctions of small business & family farms in the ’60’s & ’70’s. Hey, that wasn’t supposed to happen to anybody but those ‘dumb hicks’….and the ‘conservative’ mobsters backing the unions & industry of the cities were catching on to the change of operations shafting both them & the now endlessly demanding rank & file unionists by off-shoring industry.
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There were behind the scenes wars, wildcat strikes of small businesses, and the ‘survival-of-the-fittest’, ‘survivor’ and ‘swimming with the sharks’ romanticization of corporate pirating took off……so that many companies which had grown into large corporations, but whose leadership were loathe to sell out fellow Americans were gradually lured into offshoring themselves: or else their inheriting kids or the unfriendly corporate takeovers did.
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Those ‘churches’ and ministries who’d been lured into Babylonian denominational & corporatist structure & away from biblical New Testament found themselves infiltrated, taken and transformed in the same way. Even King James Bible churches, though it was easiest with the any-Bible & only-the-originals divining crowd…..and some of those with the King James Bible woke up & left the 501c3 and all State affiliation & ordering.
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Little freely associating members of the body living by faith are fragile, weak things in worldly terms, great in the convicting power of God & the Spirit by the word which brings persecution & opposition ….which cuts the numbers & glory significantly, eliminating any allure for hirelings & sorcerer glory hounds.
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I highly respect men like Jason Cooley of Old Paths Baptist for taking this stance as a called out assembly with a true undershepherd of Christ pastor & simple organization & ordinance.
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…………………And there were many with covert, and not-so-covert connections to government & to Rome, the secret societies, brotherhoods etc hooking back to her, who contributed to that purpose driven corruption. Guys like Rick Warren, member of the Council of Foreign Relations, in our own time.
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Even when we would try to boycott foreign goods and services, and found it impossible for any but the rich to accomplish….I mean, even our fresh commercial garlic was found to originate in China! ….the constant refrain was that we didn’t know what we were talking about.
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The internet was actually a blessing, as well as a curse in that regard, for we learned a lot when it was still free & their new information economy was just coming online. I compare it to the invention of the printing press. First men were given the Bible & truth….but then a FLOOD of vanity, filth and so forth followed….with the battle to control the press.
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Even as a biblical literalist, I always picture that when I read of what is yet future: Re 12:15 And the serpent cast out of his mouth water as a flood after the woman, that he might cause her to be carried away of the flood.
Re 12:16 And the earth helped the woman, and the earth opened her mouth, and swallowed up the flood which the dragon cast out of his mouth.
Re 12:17 And the dragon was wroth with the woman, and went to make war with the remnant of her seed, which keep the commandments of God, and have the testimony of Jesus Christ.
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It seems such a foreshadowing picture coming up through history of what Satan does with his lies & through those under his sway & yoke. Genesis 3; Matthew & Luke 4 wresting the word….and we’re not unaware of his devices who have the word of God & the Spirit, the very mind of Christ! so long as we continue in the word.
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This cycle of war is never ending due to sin, but praise God for his grace, his word & faithful witnesses, & preserving conscientious truth by which men might hear and receive the Gospel of the Lord Jesus Christ according to the scriptures to the new birth of God’s power: to freedom from the fear of death & a new & sure hope, a share in the inheritance of the Son. ….And the knowledge that he will judge. He will avenge.
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Not so hard to figure out why they want to use the land of the Red Dragon to destroy the whole order & understanding of God’s family economy, private property, inheritance & so forth now is it? I mean, it’s a natural….with lots of common Babylonian ground & a ton of MYSTERY craft & sorcery. And it surely isn’t to the gain of the Chinese people or anyone else in the lower levels of their pyramidal society by the total destruction of the Christian remnant in America or anywhere else.
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I found the ‘spin’ to be sick on this topic, too, when I was looking into Nixon taking us off the gold standard & so forth. They take it out of the full historical context, & then create a false revisionist ‘history’ by quoting the economic ‘geniuses’ John Maynard Keynes (antichrist, sodomite who delighted in seducing the sons of evangelicals into his sin, as well as into his devilish, antichrist ….but obscenely lucrative in the short-term, ‘economics’) …..and the radical antichrist Thomas Paine whose ‘common sense’ ended him in Great Britain with the radicals, living in menage-a-trois with the Wollstonecraft witch & her token husband where he died of an STD. (America was too Christian for him as it was established: the rest of the story they so conveniently leave out of both so-called ‘conservative’ and ‘liberal’ commentary in these days of utter deception. I’m surprised they didn’t manage to squeeze in the Federalist most favored son of Rome & Masonic elitism & economics, Alexander Hamilton, to their wise men of economics line-up & historical revisionism.
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Proverbs 18:17 He that is first in his own cause seemeth just; but his neighbour cometh and searcheth him.
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It’s going to take Jesus to clean this train wreck of a mess & where it’s heading up, & that’s for certain sure.