The Danger of False Truths – Part 1/3

July 21, 2011

An “old” friend of mine (both definitions of “old”) sent me two e-mails revealing two individual (but false) truths that he believes.

Of course, he cannot help but be this way since he is an individual that only sees things in black and white (by his admission). He is also a fundamentalist evangelical Christian, and has a political agenda that brands him as a neoconservative, libertarian Republican that admires the Tea Party. He also once wrote in an e-mail that G. W. Bush was one of America’s greatest presidents.

His individual truths are influenced by those cultural, religious and political beliefs.

He sent me a link to Chinese officials stole more than $120-billion and fled overseas, central banks says

“Thousands of corrupt Chinese officials have stolen more than $120-billion U.S. and fled overseas since the mid-1990s – and the U.S. was a top destination, according to a report released by the country’s (China’s) central bank.”

“The report, released this week by the People’s Bank of China, says between 16,000 to 18,000 government officials and executives at state-owned enterprises smuggled about 800-billion yuan ($123-billion) out of China between the mid-’90s and 2008.”

Divide $123 billion among 18,000 crooks over a period of 16 years and about $7.5 billion was moved each year or about $417,000 per crook and if that money came to the US, someone probably paid taxes on it.

This doesn’t even come close to the thefts of those in the the US that brought the world the 2008 global financial crises, which cost the world more than an estimated $40 trillion US and in a lot shorter time period.

Continued on July 22, 2011 in The Danger of False Truths – Part 2

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Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

To subscribe to “iLook China”, look for the “Subscribe” button at the top of the screen in the menu bar, click on it then follow directions.

4 Comments | America, business, China, crime, cultural differences, economy, politics | Tagged: , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

Free to Lie – Part 2/3

July 13, 2011

I learned that three presidents caused most of the National Debt we have today: Ronald Reagan, who increased the National Debt more than $300 billion in two years; George H. W. Bush, who added another $700 billion in two years, and the last Bush that increased the National Debt by more than $5 trillion in eight years.

This means that President Obama came into office with a National Debt that was more than 10 trillion and the annual interest payment on that debt was about $400 billion or $1.2 trillion since he’s been in office, and the GOP and the Tea Party make it sounds as if the National Debt is his fault.

How many people in the US think of Social Security as a burden on the taxpayer? I admit, until I read a piece from the AARP Bulletin’s Social Security’s Enduring Truths by James Roosevelt Jr., the grandson of President Franklin D. Roosevelt, who gave us Social Security, I thought the taxpayer was responsible to pay for Social Security of the program went broke.

However, I learned that was not the fact, which I will explain in Free to Lie – Part 3.

Meanwhile, did you know that China has a Social Security system?

In fact, China’s social security system is broken down into five distinct categories, which are:

1. Pension
2. Medical insurance
3. Unemployment insurance
4. Maternity insurance
5. Occupational injury insurance

To learn more, visit “China Briefing” and read Adam Livermore’s “Understanding China’s Social Security System”.

Continued on July 14, 2011 in Free to Lie – Part 3 or return to Part 1

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Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

To subscribe to “iLook China”, look for the “Subscribe” button at the top of the screen in the menu bar, click on it then follow directions.

4 Comments | America, China, economy, government, media, politics | Tagged: , , , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

Free to Lie – Part 1/3

July 12, 2011

China’s central government is often criticized in the West for filtering the Internet and controlling what is published in China’s state-owned media.

The West should also be criticized for the exact opposite, which is allowing too much freedom to lie, which often leads to hate, bad politics and worse economic policy.

In fact, we seldom hear any criticism in the media of the lies and misinformation that appears in the West where abusing freedom of expression to mislead the public has become the art of repeating something that is not a fact until it is considered the truth.

Recently, I wrote “A Short History of the National Debt” and posted it at Speak Without Interruption, Authors Den and Scribd and plan to add it to Gather.

Before I researched the history of the National Debt, I asked myself how President Obama ran up the National Debt to $14.3 trillion dollars, because that amount was about all I was hearing from the Western media, the Tea Party and the GOP. I never heard an explanation of where that National Debt came from.  What I was hearing made Obama seem responsible for the entire amount.

After doing some digging, I learned a few facts.  I hesitate using the word “truth” to define anything, since the “truth” seems to be whatever anyone wants to believe, so I will stick to a few facts and let each reader decide what his or her truth is.

Continued on July 13, 2011 in Free to Lie – Part 2

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Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

To subscribe to “iLook China”, look for the “Subscribe” button at the top of the screen in the menu bar, click on it then follow directions.

2 Comments | America, China, economy, government, media, politics | Tagged: , , , , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse