Message to China: Cut the Hacking or Trade Sanctions will be Imposed

Pat Buchanan calls it the way it is:

In 2012, China’s trade surplus with the United States was over $300 billion, largest in history between any two nations.

What has China done with the wealth accumulated from those trade surpluses with the United States? How has she shown her gratitude?

She has used that wealth to lock up resources in Third World countries, build a world-class military, confront America’s friends in neighboring seas, engage in cyber-espionage, and thieve our national and corporate secrets. Is this the behavior of friends or partners?

And if the Chinese airily dismiss our protests, who can blame them?

For years they have engaged in cyber-espionage. They know we know it, and they have seen us back off calling them out. For years we have threatened to charge them with currency manipulation, and for years we have backed off.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.