Gerald Celente of the Trends Research Institute explains why China is way ahead of the economic game and how the U.S. has effectively given away its edge.

But he sees one way to bring America back to what it once was:

Anybody that can’t see what’s going on, they better wake up.

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First what the United States and Europe did, and Japan, is they sent the jobs over to China for cheap labor. And then what they did was they sent the brains. China said ‘the only way you can produce here is we want your technology.’ So, whether it was Siemens or GE or any of the major Japanese companies, what they did was they gave them their technology. So China now is really in a position where they are not only holding the technology, they’re holding the money.

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The only way the Chinese are going to be defeated, and the only thing America has that the rest of the world doesn’t have… is innovation. And, as long as they keep giving our innovation away, we lose.

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As long as they keep giving our money away, and our productivity away, and our intelligence away, and the governments in this country stopping the entrepreneur. And that’s not a line. Just like they busted that little kid up in Oregon for selling lemonade because she didn’t have a $140 license. They’re doing the same thing to every entrepreneur in the country, because they’re tipping the fields to the too-big-to0-fails.

The fact of the matter is, folks, that China has a hand up on the U.S. And contrary to the beliefs of most mainstream thought, China is not our friend. They are a communist government, and as such, believe that peace only exists when everyone else is communist. Make no mistake: China’s goal is the complete and total disintegration of the American way of life, and so far, they’ve done a very good job at seeing it come to fruition.

We previously wrote that Americans’ Entrepreneurial Spirit Will Never Be Destroyed, and we still believe that. Our governments seem to be doing everything possible to kill that spirit, however. From forcing companies to buy healthcare, to requiring IRS transaction reports for all purchases over $600, to increasing taxes on small business owners, to destroying our savings by mass monetary destabilization, and passing legislation that benefits the large corporations at the detriment of small business,  our local, state and federal governments are wrapping their tentacles around everything they can. Perhaps our politicians don’t realize, in most cases, what it is that they are doing and the long term ramifications of their actions.

But the guy on the street does, Main Street that is. And at some point, when he’s lost everything, and he has nothing left to lose, he’s going to revolt.

America has always been the leading innovator in the world – since our inception. We still retain some of the best minds in the world.  What led us to create this nation in 1776 and revolutionize the world in the 1800’s and most of the 1900’s was that our unabashed, sometimes brazen, spirit for innovation and revolutionary ideas was allowed to run free, without interference from a government whose sole purpose was to generate revenue and feed its appetite for uncontrolled spending.

The innovation is still here and eventually the people will force the issue.

Until that time, we will continue our decline into a third-world nation, where the best and the brightest are left to scrounge for scraps and the middle class becomes non-existent – while China and other emerging economies appropriate our technology, processes, and jobs for their benefit.

Listen to Gerald Celente discuss China: