Global Gulag

Interdependent Bankruptcy

Global Gulag Introduction
Reign of Terror
Stuck on Stupid
Totalitarian Collectivism
Radical Reactionary
Inherent Autonomy
Strappado Wrack
View from the Mount
Solitary Purdah
Corporatocracy
Negotium
BREAKING ALL THE RULES
BREAKING ALL THE RULES Forum
Obama Firing of Military Reminiscent of Stalin's Purge
Syria: Another Zionist War for Suckers
The Psychotic Militarization of Law Enforcement
Congressional Resistance against Presidential Despotism
The North Korea Paper Tiger
Defense Cuts and the Global Empire
Preppers, Patriots and Pirates
Bludgeon Constitution Replaced By Fiat Edicts
How to Correct the Course of America
Guns, Guts and Goons
Vladimir Putin Nemesis of the New World Order
The Duty of the Military in a Militarized Empire
Afghanistan - Failed War from a False Empire
America, Welcome to the Fourth Reich
Jurists Protect the State and Ignore the Constitution
Slaying the New York State Pork Dragon
Central Banks, BIS and Goldman Sachs Coercion
The Cowardly Congress and the Tyrannical President
Political Toadies and a Broken Down System
Hedge Funds Speculators and Their Poverty Premium
Weird Global Warming and Nuclear Science
Hosni Mubarak and American Foreign Policy
The 21st Century Decade Retrospective
Revolution against Central Banks
Road to Serfdom, Yesterday and Today
Genetic Modified Foods and Senate Bill S510
A Banana Republic Ripe for a Coup d'état
Greed is Good, but Derivatives are Better
OLD ARCHIVES
New World Order vs. America
Globalism - Sun Tzu and The Art of War
The HAARP that only angels should play
This Prison is Built One Person at a Time
Political propaganda is cult brainwashing
The Nature of American Denial
Interdependent Bankruptcy
NASA and the Masada Complex
NATO a Dinosaur Overdue for Extinction
An Indictment of the American Mind
Praetorian Prefect
Immigration Ends the Nation State
The Duty to Dissent
Gravitas best achieved when Embedded
Liberation whether you want it or not
How much fun is this war?
IMF at the core of the thief
Subterfuge that deceives parents
Revisit the Planet of the Apes
Imperium the foe of the NWO
Global Fair Trade
Metropolis Melodrama
FCC advances the Corporate-State
The CFR - NeoCon Connection
Total Recall
Taking tea with the tribes
Continuity of Government Commission
Pipe Dream of Economic Globalism
To Protect and Serve
Globalism Dissension
The Plan - Apartheid Wall
The New Deal built the New World Order
Pharisee Christians
911 + 2
Oil Roustabout Economy
Prince of Darkness is not the problem
Cuba a threat or an opportunity?
A "taikonaut" and spy in the sky
Paranoia is home spun
International Court of Justice
Satan lives in George Soros
George Soros is the Issue
Supreme Court Protects the State
Globalization: Exporting America
What is Conservative Populism?
UPS - Wal-Mart and Inflation
No where to go and no where to hide
All's well with Afghanistan opium trade
NeoCons are a terminal disease
CAFTA: Wall Street vs Main Street
"Neoliberal" Globalisation
Frank Rich vs. Bill O'Reilly
What Is This War About?
Outsourcing - worst of Crony Capitalism
UN transparency and accountability
Pre-emption and Unilateralism
The march into internment advances
The First Bush Presidency
Bilderberg Propaganda Rules the Planet
Different Kinds of Gulags
Jonathan Pollard a "False Flag" Superstar
Israel-First NeoCons = anti-American Turncoats
Treason Is Not Patriotic
The plan is moving along as always
The Extinction of the Middle Class
Is the Economy Viable?
USrael and Armageddon
Hamas, Israel and the United States
Martyring Voltaire
The Real Threat to National Security

 
There are two methods, or means, and only two, whereby man's needs and desires can be satisfied. One is the production and exchange of wealth; this is the economic means. The other is the uncompensated appropriation of wealth produced by others; this is the political means.
Albert Jay Nock

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Interdependent Bankruptcy

Open up your latest financial journal and the economic crisis pours out of every corner of the globe. Read your favorite business newspaper and the headlines scream out that the financial markets are in free fall. Then open your last brokerage statement and sit down, have a stiff drink.

This is the reality of the interdependent world, that the Globalists have given us with their not so "Free Trade" system. The United States was once a self sufficient society where essential goods and products were produced domestically. Now we are a society that imports our ever necessity from China, Japan, Indonesia, Mexico and every sweat shop that can be found to sell below real costs. Those prices seldom reflect the real costs if made in the U.S.A. So why complain, we are saving money when we buy our Nike’s, RIGHT?

Simply put the party is over . . . The United States trade deficit is the ultimate test of reality. It is real money! Its outflow drains national wealth. Forbes magazine reports: "Although final figures are not yet in, analysts believe the United States imported some $425 billion more in goods and services in 2002 than it exported, which would mark a record." Goldman Sachs, in a recent report, anticipated a larger trade deficit in 2003, saying that would trim about one-quarter of one percent from U.S. economic growth. Now Forbes points to: "The gap in the current account, the widest measure of trade because it includes investment income flows, has been a nagging worry for Federal Reserve officials and private economists alike. They fret that the roughly $500 billion current account deficit is unsustainable over the long run, leaving the currency vulnerable to heavy selling in the event of an abrupt correction in the balance."

You should already know this background and appreciate its significance. But what may have escaped your observations is that the twin terror of a deflating domestic economy can be accompanied with the horror of rising prices. Here is why you should be concerned. When your federal reserve notes slide in relative value against foreign currencies, you have been told that exports will improve, and over time will help restore the imbalance. But what happens to exports when our domestic economy no longer manufactures any meaningful consumer product for overseas consumption? The United States now exports high tech systems, military armaments and sophisticated technology that allows foreign competitors to lower the costs of their own production, while the short term cash inflow disguises the root causes of the trade deficit.

Couple this course with the lowering of the purchasing power on the US Dollar, and you experience higher prices at the consumer level. Since domestic jobs are non existent to produce our own home-made supplies, we are unable to escape this disastrous cycle. The fruits of "Free Trade" have brought us the closing of native factories. National corporate icons still trade on the exchanges under their familiar names, while their plants employ "Third World" labors, working on foreign soil, in mills financed by Wall Street capital.

The personal wealth of the American public has taken a severe hit with the declines in equities. But the relative safety of bonds and fixed instruments are also under assault because the there is no immunity from a contrived contraction of the American economy. Protection based upon the ability to work your way out of a recession is not an option, when the indigenous economy consists of pseudo professions, superfluous services, government toadies, and insatiable public parasites - demanding a higher calorie intake for their ‘Free Lunch’.

These conditions are not temporary, they are the result of an intended and permanent policy to reduce the independence of America and to integrate it into an international economy - A "Cirque de Flambé" show - with entertainment provided by jesters as the audience is required to walk among the lions to find their assigned seats. "The Clowns", out of this ersatz Fellinis film knock off, leads the choir to the tune of that Johnny Cash's hit, "I fell into a burning ring of fire". We have listened to the barker and have been lead into a sideshow. Our economy is walking the high wire and the net that is supposed to save us is rotten - being a foreign import.

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Our trade deficits are integral to trading away our future. Four steps proposed by the Economic Policy Institute that could reverse this trend are:
 
First, the U.S. should enter into no new trade agreements, including China's proposed entry into the WTO, unless and until those agreements are revised to include enforceable labor rights and environmental standards as core elements. This will require, at a minimum, agreements to achieve internationally agreed upon standards, international performance reviews, and enforcement of these standards through trade sanctions.
 
Second, measures must be taken to reduce chronic U.S. trade deficits with certain key countries, and in a few critical industries such as motor vehicles and commercial aircraft. These include China, Japan, the NAFTA countries, and Europe. The reasons for these deficits differ in each case. Part of Europe's problem is simply slow growth. The Chinese situation is more complex, involving exchange rate manipulation and systematic discrimination against U.S. imports, as well as advanced industrial policies that pilfer critical jobs and technologies from U.S. firms doing business there.
 
Third, the U.S. must reduce steadily reduce the value of the U.S. dollar, in coordination with other major advanced industrial nations. Similar steps were taken between 1985 and 1987 period, the last major period of dollar-overvaluation and exploding trade deficits. The over-valued dollar is having a particularly damaging impact on U.S. agriculture (Scott 1999b).
 
Finally, we must develop new incentives to interest developing countries in joining the developed world in raising labor and environmental standards. Developing countries also need an alternative to the model of export-led growth that has become the core of the commonly accepted Washington consensus growth package. That model has become exhausted because too many countries are competing for access to the only open market in the world, and the U.S. can no longer afford to be the market of last resort.
We can see merit in points one, two and four; but reject that lowing the purchasing power of our own currency will bring back prosperity to America. The systemic problem is the interdependent NWO Global economy. The traditional method to preserve and protect our domestic industries and work force is to reestablish tariffs. Our country can no longer sip the hemlock of international elites and survive as an independent nation.  Money, Trade and Commerce - THE LIFE BLOOD OF SOCIETY - needs to be genuine. Our money must be a true store of value, our trade must become FAIR and our commerce must be conducted with mutual benefits to all concerns. Today the global economy is in chapter 11 on its way to liquidation. The prospect of domestic depression accompanied with rising prices would be a new experience. If the U.S. stops buying, the rest of the world won’t be able to sell their goods. At that point the interdependent cabal will get their wish. A world held hostage to the whims of the central banks, the political hacks and the Trilateral International “Mattoids” . . .
 
SARTRE - January 29, 2003

If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Milton Friedman

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