The American Dream Is Alive and Well—in China

China’s central bank is directing credit into the local economy because it doesn’t trust the private financial market to allocate credit where local markets need it. True to its name, the People’s Bank of China seems actually to be a people’s bank, geared to serving the economy and the public rather than just the banks themselves.

WEB OF DEBT BLOG

Home ownership has been called “the quintessential American dream.” Yet today less than 65% of American homes are owner occupied, and more than 50% of the equity in those homes is owned by the banks. Compare China, where, despite facing one of the most expensive real estate markets in the world, a whopping 90% of families can afford to own their homes.

Over the last decade, American wages have stagnated and U.S. productivity has consistently been outpaced by China’s. The U.S. government has responded by engaging in a trade war and imposing stiff tariffs in order to penalize China for what the White House deems unfair trade practices. China’s industries are said to be propped up by the state and to have significantly lower labor costs, allowing them to dump cheap products on the U.S. market, causing prices to fall and forcing U.S. companies out of business. The message…

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4 thoughts on “The American Dream Is Alive and Well—in China

  1. America is now a full-blown police state. Ready to do another unprovoked invasion. Someone was in my device, as I had been typing this. A cursor zipping up and down. I turned the device off. I erased it and its gone. I have a different device.

    Pelosi , Pompeo the corporate media, are lying their asses off and pumping propaganda about everything from tiananmen square, to syria to the recent false flags. so depressing

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  2. In Bad old China 90 percent own houses. In Murica Millions of People are In Jail. Many for being Poor, Many of Color. Many for petty Crimes. Many for Drugs. Trump is cracking down on Kratom in Mirica. Making Police state Worse.

    In America we have hard-core Fascist Racism. Even if they do not arrest you, they can terrorize your kids and beat you up , cause permanent damage to your body and ruin you and your kids for life. They will ruin your ability to get a job so u will be homeless and die. They do not care about children.HARD-CORE FASCIST RACISM american style

    Reprinted
    Washington Post

    National
    After a 4-year-old took a doll from a store, video shows Phoenix police pulling a gun on her parents
    Video shows police confronting parents in front of small children
    Dravon Ames and Iesha Harper are suing Phoenix and its police department for an incident in May that took place in front of their 1- and 4-year-old daughters. (City of Phoenix Police Department)
    By Deanna Paul and
    Herman Wong June 16 at 11:11 AM
    Recently released video of Phoenix officers drawing their weapons on a family and threatening to shoot has led to an internal police investigation and a $10 million lawsuit against the city and its police department.

    In a statement posted online Saturday, Phoenix police offered their own account of the incident, which began with allegations of shoplifting. The police chief, however, said she was “disturbed by the language and the actions” of the officers, and Mayor Kate Gallego called for change.

    “There is no situation in which this behavior is ever close to acceptable,” Gallego said in a statement posted to Twitter on Saturday. “As a mother myself, seeing these children placed in such a terrifying situation is beyond upsetting.”

    On May 29, Dravon Ames and his fiancee, Iesha Harper, said they went on a family outing with their two children, London, 1, and Island, 4. Without their knowledge, Island took a doll from a Family Dollar Store, according to a notice of claim dated Wednesday that was filed by former Arizona attorney general Thomas Horne, who is representing Ames and Harper.

    A police patrol unit followed the couple’s car. Once the family members entered their babysitter’s apartment complex, an officer approached the vehicle with his gun drawn and yanked open the front door, the claim said.

    Despite department rules that require police to wear body cameras, the Phoenix officers were not wearing them, the claim said. But passersby recorded the encounter. The police released one a store, video shows Phoenix police pulling a gun on her parents
    Video shows police confronting parents in front of small children

    A police patrol unit followed the couple’s car. Once the family members entered their babysitter’s apartment complex, an officer approached the vehicle with his gun drawn and yanked open the front door, the claim said.

    Despite department rules that require police to wear body cameras, the Phoenix officers were not wearing them, the claim said. But passersby recorded the encounter. The police released one video this week, but there are others online.

    “I’m going to put a cap in your a–,” one officer said to Ames as a second policeman, whose weapon was also drawn and pointed at Ames, walked up to the car, the video shows. “I’m going to shoot you in your f—ing face.”

    Both statements, Horne wrote in the claim, were made in front of the couple’s children, who were in the rear of the vehicle.
    The first officer — who has not yet been named by the department — pulled Ames, 22, from the car, pushed his head to the pavement, handcuffed him and yelled that Ames better follow orders, according to the claim. The officer threw Ames against the car, ordered him to spread his legs and “kicked him in the right leg so hard that the father collapsed.” Then, the officer dragged him upright and punched him in the back, the claim said.

    Once Ames was handcuffed and inside the patrol car, the officers focused their attention on Harper and the children, according to the claim.

    The two officers pointed their weapons at the visibly pregnant 24-year-old Harper and her children, the video shows and the claim stated.

    “The first officer grabbed the mother and the baby around both of their necks, and tried to take the baby out of the mother’s hand,” the claim alleged. “He told her to put the baby on the ground, which she was unwilling to do because the baby could not walk, and the ground consisted of hot pavement.”
    The officer tried to rip Harper’s youngest child from her arms, the claim stated. Eventually he threw Harper, who had handed the children to a bystander, into the police car face first and then handcuffed her.

    “I could have shot you in front of your f—ing kids,” he said, according to the claim.

    Since May 29, the 4-year-old has been having nightmares and is wetting the bed, and Ames, whose car was impounded, has been limping and is without transportation to get to work.
    They were detained by the police, the Phoenix New Times reported.

    The store manager declined to prosecute for the 4 year old, taking the doll.

    Their neighbor was arrested on terrorism charges after confronting the police in the situation and recording the events. This is how the ‘typical American community’ reacted.

    https://www.washingtonpost.com/nation/2019/06/15/after-year-old-took-doll-store-video-shows-phoenix-police-pulling-gun-parents/

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    • Thanks for your very comprehensive comment, Teri. Based on everything I’ve read, this heavy handed policing seems to be mainly directed against the poor and minorities. It’s a truly deplorable state of affairs.

      Like

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