Posts tagged free trade

20 years ago NAFTA passed, This is what one of the greatest free market economists ever had to say about it at the time.

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Source: http://www.againstcronycapitalism.org

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20 years ago NAFTA passed, This is what one of the greatest free market economists ever had to say about it at the time.

 

Rothbard3

 

This essay by Murray Rothbard holds particular relevance as the Trans Pacific Partnership continues to be negotiated in secret.

 

(From Mises.org)
 
Yet Nafta is more than just a big business trade deal. It is part of a very long campaign to integrate and cartelize government in order to entrench the interventionist mixed economy. In Europe, the campaign culminated in the Maastricht Treaty, the attempt to impose a single currency and central bank on Europe and force its relatively free economies to rachet up their regulatory and welfare states.
 
In the United States, this has taken the form of transferring legislative and judicial authority away from the states and localities to the executive branch of the federal government. Nafta negotiations have pushed the envelope by centralizing government power continent-wide, thus further diminishing the ability of taxpayers to hinder the actions of their rulers.

Click here for the article.

 

Obama’s Secret Treaty Which Will Merge America More Deeply Into The Emerging One World Economic System

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Source: http://theeconomiccollapseblog.com

By Michael Snyder

 

Obama’s Secret Treaty Which Will Merge America More Deeply Into The Emerging One World Economic System

 

Barack-Obama-On-The-Phone-In-The-Oval-Office-2009-300x300Did you know that the Obama administration is negotiating a super secret “trade agreement” that is so sensitive that he isn’t even allowing members of Congress to see it?  The Trans-Pacific Partnership is being called the “NAFTA of the Pacific” and “NAFTA on steroids”, but the truth is that it is so much more than just a trade agreement.  This treaty has 29 chapters, but only 5 of them have to do with trade.  Most Americans don’t realize this, but this treaty will fundamentally change our laws regarding Internet freedom, health care, the trading of derivatives, copyright issues, food safety, environmental standards, civil liberties and so much more.  It will also merge the United States far more deeply into the emerging one world economic system.  Initially, twelve nations will be a party to this treaty including the United States, Mexico, Canada, Japan, Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.  Together, those nations represent approximately 40 percent of global GDP.  It is hoped that additional nations such as the Philippines, Thailand and Colombia will join the treaty later on.

There are some very good reasons why Obama does not want the American people to know anything about what is in this treaty.  This agreement will impose very strict Internet copyright rules on the American people, it will ban all “Buy American” laws, it will give Wall Street banks much more freedom to trade risky derivatives and it will force even more domestic manufacturing offshore.

It contains a whole host of things that Obama would be unable to get through Congress on his own.  But he is hoping to spring this on Congress at the last minute and get them to agree to this “free trade agreement” before they realize all of the things that are contained in it.

The secrecy surrounding these treaty negotiations have really been unprecedented.  The following is an excerpt from a recent article by Kurt Nimmo

“Since the beginning of the TPP negotiations, the process of drafting and negotiating the treaty’s chapters has been shrouded in an unprecedented level of secrecy,” Wikileaks notes in a statement on the release of the TPP draft. “Access to drafts of the TPP chapters is shielded from the general public. Members of the US Congress are only able to view selected portions of treaty-related documents in highly restrictive conditions and under strict supervision. It has been previously revealed that only three individuals in each TPP nation have access to the full text of the agreement, while 600 ’trade advisers’ – lobbyists guarding the interests of large US corporations such as Chevron, Halliburton, Monsanto and Walmart – are granted privileged access to crucial sections of the treaty text.”

And Obama reportedly is seeking “trade promotion authority” which would give him the ability to sign this treaty before Congress even votes on it…

Normally free -trade agreements must be authorized by a majority of the House and Senate, usually in lengthy proceedings.
 
However, the White House is seeking what is known as “trade promotion authority” which would fast track approval of the TPP by requiring Congress to vote on the likely lengthy trade agreement within 90 days and without any amendments.
 
The authority also allows Obama to sign the agreement before Congress even has a chance to vote on it, with lawmakers getting only a quick post-facto vote.

This is so insidious that it is hard to find the words to describe it.

In essence, Obama is trying to make a giant end run around Congress on dozens of different issues that are addressed by this treaty.

Fortunately, there are at least some members of Congress that are waking up to this.  Earlier this week, a small group of Republicans and a small group of Democrats both sent Obama a letter condemning this “free trade” agreement…

Separate groups of House Republicans and Democrats on Tuesday condemned the Obama administration’s proposed sweeping free trade agreement with 11 Pacific nations, known as the Trans-Pacific Partnership.
 
Strongly worded letters to President Barack Obama Tuesday were signed by hardline tea partiers, true-blue progressives, and moderate, corporate-friendly lawmakers in both parties, indicating political trouble for a trade deal the administration had hoped to seal by year end.

This is one of the most important political issues facing our nation here at the end of 2013, and yet you hear next to nothing about this treaty on the mainstream news.  If this treaty is approved, the United States will be permanently bound by the provisions of this treaty and will never be able to change them unless all of the other countries agree

Countries would be obliged to conform all their domestic laws and regulations to the TPP’s rules—in effect, a corporate coup d’état. The proposed pact would limit even how governments can spend their tax dollars. Buy America and other Buy Local procurement preferences that invest in the US economy would be banned, and “sweat-free,” human rights or environmental conditions on government contracts could be challenged. If the TPP comes to fruition, its retrograde rules could be altered only if all countries agreed, regardless of domestic election outcomes or changes in public opinion. And unlike much domestic legislation, the TPP would have no expiration date.

Are you starting to understand just how dangerous this treaty is?

Let me give you just one example of how this treaty could directly affect you.

Do you remember SOPA?

There was a huge public backlash when the very strict Internet copyright provisions of SOPA were revealed to the public, and the American people loudly expressed their displeasure to members of Congress.

But now the provisions of SOPA are back.  Most of them have reportedly been very quietly inserted into this treaty.  If this treaty is enacted, those provisions will become law and the American people will not be able to do a thing about it.

And according to an article in the New York Times, there are all sorts of other disturbing things that have been slipped into this treaty…

And yet another leak revealed that the deal would include even more expansive incentives to relocate domestic manufacturing offshore than were included in Nafta — a deal that drained millions of manufacturing jobs from the American economy.

 
 

The agreement would also be a boon for Wall Street and its campaign to water down regulations put in place after the 2008 financial crisis. Among other things, it would practically forbid bans on risky financial products, including the toxic derivatives that helped cause the crisis in the first place.

Are you starting to grasp why the Obama administration is so determined to keep this treaty such a secret?

In addition, this “free trade” agreement will push the ongoing deindustrialization of America into overdrive.  Every year, we buy hundreds of billions of dollars more stuff from the rest of the world than they buy from us.  Tens of thousands of American businesses have been lost as a result, and millions of good jobs have been shipped overseas.

If you are not familiar with our “trade deficit”, you really should be.  It is one of the issues at the very heart of our economic problems.  Posted below is a short 3 minute video that briefly discusses the trade deficit and why it is so important…

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Slowly merging our economy with the rest of the planet has been absolutely disastrous for America.  Just consider the following statistics…

-Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

-The United States has lost more than 56,000 manufacturing facilities since 2001.

-Back in the year 2000, there were more than 17 million Americans working in manufacturing.  Now there are less than 12 million.

-There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.

-Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

-When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

-Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year.  In 2012, our trade deficit with China was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

-According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

-According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

Once upon a time, our great manufacturing cities were the envy of the entire planet.  In fact, at one time Detroit actually had the highest per capita income in the United States.

But now Detroit is a rotting, decaying, festering hellhole that is completely bankrupt.  And there are dozens of other formerly great manufacturing cities that are heading down the exact same path.

These “free trade” agreements are neither “free” nor “fair” when you really examine them, and they are absolutely eviscerating the middle class.

Please urge your representatives in Congress to block the Trans-Pacific Partnership.  If this treaty does get approved, it is going to make a lot of our problems a whole lot worse.

This article first appeared here at the Economic Collapse Blog.  Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here


Image credit: http://theeconomiccollapseblog.com
 

George Will: If he thinks libertarianism a “dangerous thought,” people may think Christie himself is “dangerous”

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Source: http://www.againstcronycapitalism.org

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George Will: If he thinks libertarianism a “dangerous thought,” people may think Christie himself is “dangerous”

 

G-will-cc1

 

It is no secret that this site is a fan of small government. In our opinion the only real way to fight crony capitalism, the collusion of business, special interests, and government, is to shrink the government. Crony capitalism only happens with an intrusive state. It only happens when government is big enough to pick winners and losers. Intrusive government is the catalyst for crony capitalism.

Can corporations be corrupt without government? Absolutely.

Can unions be corrupt without government? Absolutely.

But the power of the corrupt expands when the corrupt can use law to compel the marketplace.

Libertarianism, as Will points out has many variations and strains, but generally it is about protecting the dignity of the individual, and advocates for a very limited government. Libertarians believe that transactions should be voluntary, and win win. This is how society has always progressed. This is how technology and food and societies and everything get better.

It is typically when vested interests (large companies, government agencies, unions) seek to disrupt this great experiment that things such as wars, bailouts for giant banks, and segregation of people by race happens. People freely trading with one another, respecting each other’s differences, tend not to kill one another despite what Hobbes said. Free people, secure in their property, tend to make their societies better.

Chris Christie is a big government guy. He has no idea how the average everyday people of the world could order themselves without wise and benevolent overlords. This is why he has attacked libertarianism. Basically he fears a free society. George Will has called him out.

Click here for the article.

Image credit: http://www.againstcronycapitalism.org

 


Nick Sorrentino
About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.

When free trade is managed trade, The Trans-Pacific/Atlantic Partnership

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Source: http://www.againstcronycapitalism.org

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When free trade is managed trade, The Trans-Pacific/Atlantic Partnership

 

Right now, secret negotiations which will profoundly affect what the 21st century global economy will look like are happening. You are not invited to weigh in. The power players of the world are busy negotiating the game for their benefit, and they are calling it “free trade.” It is not.

Free trade means goods and services can flow across borders without tariffs and protections. The market determines what is valuable and the price to be paid. To large extent however (given what we know) these agreements seek to perpetuate sweetheart deals for industry which is feeling more and more pressure from a rapidly developing southern world. A global free market  is not the goal.

For instance it doesn’t make much sense to grow cotton and sugar in the United States when it can be done in other parts of the world at much lower cost. Yet you can bet however, that both the sugar and cotton interests are lobbying heavily in these negotiations, making sure that their positions remain intact, and maybe even expanded. This of course means higher prices for the average consumer.

Hollywood is also at the table (trough?,) seeking to expand the highly restrictive copyright laws we have in the States.

Who knows who else is setting the parameters of the next phase of the world economy? One thing is for sure however, it’s not you or me.

Click here for the article.


Nick Sorrentino

About Nick Sorrentino

Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.

Clare Daly REBUKES Bootlicking Irish PM on Snowden

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Source: http://www.dailypaul.com

Submitted by goldenequity

Clare Daly REBUKES Bootlicking Irish PM on Snowden

 

Clare Daly speaks TRUTH to Cowardice.

7-6-2013 12-12-17 AM

 

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http://youtu.be/SmsrIiHWp6M

Irish Times Snowden asylum request deserves latitude, says Clare Daly
Taoiseach urged to use creativity to allow US whistleblower to access Republic

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Washington’s lapdogs are world wide.

Related post:

Lawlessness Is The New Normal

Corporations Push to Overrule National Laws – Secret Treaty

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Source: http://www.washingtonsblog.com

First Congress Member Allowed to Read Secret Treaty Says “There Is No National Security Purpose In Keeping This Text Secret … This Agreement Hands The Sovereignty of Our Country Over to Corporate Interests”

 

Image sourced from: http://libertycalling.net

 

Corporations Push to Overrule National Laws

We reported last year:

Democratic Senator Wyden – the head of the committee which is supposed to oversee it – is so furious about the lack of access that he has introduced legislation to force disclosure.
 
Republican House Oversight Committee Chairman Darrell Issa is so upset by it that he has leaked a document on his website to show what’s going on.
 
What is everyone so furious about?
 
An international treaty being negotiated in secret which would not only crack down on Internet privacy much more than SOPA or ACTA, but would actually destroy the sovereignty of the U.S. and all other signatories.
 
It is called the Trans-Pacific Partnership (TPP).
 
Wyden is the chairman of the trade committee in the Senate … the committee which is supposed to have jurisdiction over the TPP. Wyden is also on the Senate Intelligence Committee, and so he and his staff have high security clearances and are normally able to look at classified documents.
 
And yet Wyden and his staff have been denied access to the TPP’s text.

Indeed, the decision to keep the text of TPP secret was itself classified as secret:

(I have also received a tip from a credible inside source that TPP contains provisions which would severely harm America’s national security. Specifically, like some previous, ill-conceived treaties, TPP would allow foreign companies to buy sensitive American assets which could subject us to terror attacks or economic blackmail.)

Yesterday, Congressman Alan Grayson (who knows how to read legislation … he was a successful lawyer before he was elected to Congress, and has written and co-sponsored numerous bills himself including the bill to audit the Federal Reserve and – most recently – the “Mind Your Own Business Act” to stop NSA spying) announced that he had been allowed to read the text of TPP – and that it is  an anti-American power grab by big corporations:

Last month, 10,000 of us submitted comments to the United States Trade Representative (USTR), in which we objected to new so-called free trade agreements. We asked that the government not sell out our democracy to corporate interests.
 
Because of this pressure, the USTR  finally let a member of Congress – little ole me, Alan Grayson [anyone who's seen Grayson in action knows that he is formidable] – actually see the text of the Trans-Pacific Partnership (TPP). The TPP is a large, secret trade agreement that is being negotiated with many countries in East Asia and South America.
 
The TPP is nicknamed “NAFTA on steroids.”  Now that I’ve read it, I can see why. I can’t tell you what’s in the agreement, because the U.S. Trade Representative calls it classified. But I can tell you two things about it.
 
1)    There is no national security purpose in keeping this text secret.
 
2)    This agreement hands the sovereignty of our country over to corporate interests.

3)     What they can’t afford to tell the American public is that [the rest of this sentence is classified].
 
***
 
I will be fighting this agreement with everything I’ve got. And I know you’ll be there every step of the way.
 
***
 
Courage,
 
Congressman Alan Grayson

Grayson also noted:

It is ironic in a way that the government thinks it’s alright to have a record of every single call that an American makes, but not alright for an American citizen to know what sovereign powers the government is negotiating away.

***

Having seen what I’ve seen, I would characterize this as a gross abrogation of American sovereignty. And I would further characterize it as a punch in the face to the middle class of America. I think that’s fair to say from what I’ve seen so far. But I’m not allowed to tell you why!

Remember that one of the best definitions of fascism – the one used by Mussolini – is the “merger of state and corporate power”. Our nation has been moving in that direction for a number of years, where government and giant corporations are becoming more and more intertwined in a malignant, symbiotic relationship.   TPP would be the nail in the coffin for free market economics and democracy.

Note to progressives who support public banking: This is a key battle.

Note to those who oppose to what they call “one world government” or a “new world order”: This is the big fight.


55 Reasons Why You Should Buy Products That Are Made In America This Holiday Season

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Source: http://theeconomiccollapseblog.com

By Michael Snyder
Economic Collapse Blog

55 Reasons Why You Should Buy Products That Are Made In America This Holiday Season, China, economy, NAFTA, cotton, steel

Credit: http://theeconomiccollapseblog.com

This is the time of the year when Americans run out to their favorite retail stores and fill up their shopping carts with lots of cheap plastic crap made by workers in foreign countries where it is legal to pay slave labor wages.  By doing this, the American people are actively participating in the destruction of the U.S. economy.  You see, buying products that are made in America is not just a matter of national pride.  It is a matter of national survival.  If we do not support American workers, they are going to continue to see their jobs shipped out of the country.

If we do not support American businesses, they are going to continue to die off at a staggering rate.  Last year, the United States had a trade deficit with the rest of the world of 558 billion dollars.  More than half a trillion dollars that could have gone into the pockets of U.S. workers and U.S. businesses went overseas instead.  If that money had stayed in the country, taxes would have been paid on that mountain of cash and our local, state and federal government debt problems would not be as severe.

As a result of our massive trade imbalance, we have lost tens of thousands of businesses, millions of jobs and trillions of dollars of national wealth.  Both major political parties have sold us out on these issues, and we are getting poorer as a nation with each passing day.  We desperately need a resurgence of economic patriotism in the United States before it is too late.

Yes, I know that it is very tempting to buy foreign-made products.  After all, they are almost always cheaper.

But most people don’t often think about why they are cheaper.

Unfortunately, in the name of “free trade” American workers have been merged into a global labor pool where they have to compete directly for jobs with workers on the other side of the globe that live in countries where it is legal to pay slave labor wages.  This makes employing American workers a tremendous liability.

If a company hires you and pays you 10 to 15 dollars an hour with benefits, how is it going to compete with another company that pays workers a dollar an hour with no benefits on the other side of the planet?

Both major political parties are pushing this emerging “one world economic system“, but it is absolutely killing American jobs.  We have already seen a mass exodus of jobs and businesses out of this country, and wages for the jobs that remain in the United States are being forced down because there are hordes of unemployed workers that are willing to take just about any decent job they can find.

It has become painfully obvious that our politicians are not going to do anything to help us on these issues, so what we need is a mass awakening among the American people.

We need to educate people that buying things that are made in America is good for the economy and that buying things that are made elsewhere is bad for the economy.

But for now, most Americans are clueless.  They will line up on Black Friday morning and trample one another in a desperate attempt to save a few bucks on cheap plastic devices that were made on the other side of the planet.

And they will pay for much of this “shopping” with credit cards.

Credit card debt is on the rise once again.  In fact, average credit card debt per borrower was 4.9 percent higher in the third quarter of 2012 than it was in the third quarter of 2011.  It looks like most of us didn’t learn our lessons from the last financial crisis.

But not all Americans enjoy the shopping that is typically involved with this time of the year.  One recent survey found that approximately 45 percent of all Americans think that there is so much financial pressure associated with the holidays that they wouldn’t mind skipping them completely.

(more…)

Yuan tipped to replace U.S. dollar, Euro in southeast Asia

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Source: http://news.xinhuanet.com

By Chen Zhi

Yuan tipped to replace U.S. dollar, Euro in southeast Asia

1 yuan, 90% silver, commemorative; President Duan Qirui, minted in 1924

BANGKOK, Aug. 25 (Xinhua) — China’s currency could be eventually used as an alternative to the U.S. dollar and Euro by southeast Asian countries, experts said.

Phathanaphong Phusuwan, a senior official of the Bank of Thailand, said in a seminar on Thai-Chinese trade, investment and finance relations on Saturday that the yuan would likely be used more between China and ASEAN member states in the long run.

In the panel discussion co-hosted by the National Research Council of Thailand, Huaqiao University and the Thai-Chinese Culture & Economy Association here, the official of the Thai central bank commented the Chinese currency could possibly replace the U.S. dollar and Euro when it comes to trade, financial and money-exchange dealings throughout the ASEAN community, due in part to the unresolved economic and financial problems in the United States and the European Union.

“In the long run from 2015 onwards, trade with Asia will largely increase under the ASEAN-China Free Trade Area agreement, which will influence the use of the yuan and the local currencies. The yuan is then a good alternative for the international trade in the future,” said the official, referring to the year in which the regional bloc will become an ASEAN Economic Community.

Nevertheless, he said, the role of the Chinese currency in Thailand and other ASEAN states will remain limited in the short and medium terms.

Thai merchants have increased their use of the yuan in trade, following the easing of restrictions by the Chinese government, he said. A dozen Thai commercial banks and foreign banks’ branches here currently offer yuan-based services, including foreign currency deposits, money exchange, fund transfers and purchases of Chinese banknotes.

The Chinese currency has accounted for 10.8 percent of China’s trade dealings with the world during the first half of this year, according to a report of the Thai central bank.

FULL STORY
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Yuan photo added to original post.

Veterans for Liberty Super PAC & VFRP March on the RNC

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http://forums.adamvstheman.com/viewforum.php?f=34
vfrp2012@gmail.com

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Now more than every we need the Champion of the Constitution!

Please visit Ron Paul’s official campaign site by following the link below and donate today!

 

Ron Paul “We Don’t Need To Invade Anymore Countries Or Start Any More Wars!

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Now more than every we need the Champion of the Constitution!

Please visit Ron Paul’s official campaign site by following the link below and donate today!

 

 

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