Fake Free Trade Accelerates Even As Our Economy Collapses

Elaine Meinel Supkis

Free trade is an oxymoron. Trade is not free, it is expensive for whoever is caught running in the red. All nations want to run in the green but the nature of trade is there are always someone who is losing power or money. Otherwise everyone would be at zero, a static stationary point despite trade. The US is in the hot seat here because we run trade deficits with virtually everyone on earth and thus, have the world's biggest, nastiest trade deficit. This is significant because our loss of power and money is now going at warp speed and there is no one in our government who seems to understand the implications of all this so I will happily explain what our future hell looks like: bankruptcy and the dismemberment of our empire.

From Nikkei:

Shareholders OK Anti-Takeover Plans Over Foreigners' Objections

TOKYO (Nikkei)--Stock owners approved all anti-takeover measures proposed by 210 companies at recent June general shareholders meetings, but some firms faced stronger-than-anticipated resistance from overseas investors.

Nice little tidbit from today's news in Japan. Did it appear in American presses? No? Well, this is why my news service matters. I consider this a declaration of war from Miz Japan. She knows her dead yen is useless and this opens Japan to foreign take overs as I explained earlier this week. But instead of reforming her systems to conform with all other capitalist nations like Communist China (hehehe), she has chosen to slam the door shut on everyone's fingers and if it decapitates a few million Japanese, she doesn't care. She is the bitch who ordered every single civilian in Okinawa to commit mass suicide and if they refused, she had them massacred.

Think about it. To protect the main islands, the Emperor and his military Shoguns decided to MURDER an ENTIRE PROVINCE in a very bloody display warning the US that our invasion would cost everyone dearly indeed. Thus, the two nuclear bombs. The first had no effect at all. The second got them scared but only because our military warned them, Kyoto and wherever the generals were hiding would be next. Then the Emperor surrendered---over the objections of the generals and the industrialists who wanted to fight to the bitter end!

Japanese pensioners are in terrible trouble.

From Bloomberg:

Japan's government bonds completed their worst quarter in more than a year on speculation the central bank will increase borrowing costs again by August.

Benchmark 10-year bonds dropped the most since the first three months of 2006 as reports signaled the economy is resilient enough to allow the Bank of Japan to raise interest rates. Trading was limited last week before the central bank's Tankan survey July 2, which may show business confidence held near a two-year high, said Naomi Hasegawa, a senior fixed-income strategist at Mitsubishi UFJ Securities Co.

The elderly in Japan have been ripped off for the last 10 years, hammered by the 0% interest rates they had to live on. Japan will have a tremendous excess of elderly in the next 50 years and China is counting on this to deal with the problem of Japan, this is the key element in their long-range plans for taking over Japan slowly but surely just like they did in 500-1000 AD.

So I figure, the Japanese powers that be intend to clip this tree down to bonzai size and put it in a little pot.

We must never forget that Japan is our most dangerous trade rival. China is our second most dangerous trade rival and on China's heels is the European Union. We protect everyone with our navy for free. This is bankrupting us. And allowing our putative allies to ream us out financially while we protect them is sheer insanity. This is why I think the only way to save ourselves now is to withdraw from ALL our international bases and to force everyone to begin competing with each other miltiarily OR they can have the UN supervise international borders and trade.

Meanwhile, we have to shut down our own trade and rebuild our industrial base. This won't make a bunch of elites flithy rich but it will save our nation from its certain doom which is to be enslaved by foreign powers that are hostile to us. And Japan is certainly hostile.

From the Smirking Chimp:

Sirota: ANDEAN TRADE PREFERENCE BILL SETS STAGE FOR FIGHT OVER SECRET TRADE DEAL: As reported here yesterday, Congress is considering a bill to renew existing trade preferences for Andean nations. Reuters reports that the bill passed the House with strong bipartisan support and is expected to pass the Senate easily. The maneuvering over the bill tell the more complicated story of the trade battle within Congress. Most fair trade lawmakers ended up supporting the bill because had it failed, it would have created more urgency to pass the bigger - and far more destructive - Secret Trade Deal - the package of bilateral free trade agreements that vastly expands the status quo, NAFTA-style trade system. Those on both sides of the bigger trade fight agree that the votes on the Andean trade preferences bill was not a referendum on where Congress is on the bigger question of how - and whether - to reform America's lobbyist-written trade policy.

Since free trade has utterly destroyed our balance of trade, the rulers of America want more free trade. This insane policy is accelerating, not decreasing. China's rulers go all over the earth making trade deals that benefit China and so their economy continues to grow +10% a year while our own rulers chortle with glee if we limp along at 2.5% a year or less. Each year, China grows stronger and we grow weaker. Japan doesn't give a flip for its own GNP because it doesn't want the Japanese workers to get a piece of this pie, they are slated to be starved or worked to death. They are happy with a declining GNP coupled with a fabulously expanding trade surplus, the biggest on earth by far!

Since the American people have woken up and heard Ross Perot's 'giant sucking sound' as their jobs dematerialize, all free trade negotiations have to be totally secret and then we find out what happened only when the jobs suck down the toilet and millions are unemployed. Will the Democrats continue to mouth off platitudes to the workers while stabbing them in the back? Does the sun rise in the east?

Well, it is setting in the West! Thanks to all this. The financiers of our government who own our politicians want this free trade and since they have figured out how to milk the present system to make themselves rich, they want it to grow larger and to continue forever or until they are executed by enraged mobs.

This is why one has to take care when setting off on a journey. If you take a wrong turn right off the bat, the only way to undo it is to turn around and go back even if this means losing money. Taking one bad turn after another means one is in a maze heading towards the Minotaur who is the Devil who is Death, the entity our President and the previous candidate for President, both worship!

From the New York Times:

China’s legislature passed a sweeping new labor law today that strengthens protections for workers across its booming economy, rejecting pleas from foreign investors who argued that the measure would reduce China’s appeal as a low-wage, business-friendly industrial base.

The new labor contract law, enacted by the Standing Committee of the National People’s Congress, requires employers to provide written contracts to their workers, restricts the use of temporary laborers and makes it harder to lay off employees

My god, everyone who makes money off the endlessly toiling peasants of China are complaining. Unlike the Japanese laborers, the Chinese peasants want to get rich. They want money. They work hard and they think hard. And the exploitation of their intelligence and labor is now beginning to end. Namely, they intended way back when they created the 50 year plan, to make China a self-sufficient industrialized nation that trades only as much as they need to make up for imports of raw materials!

Duh! I told them this should be a nation's goal. This is to prevent imperial over-reach and going into the red all the time! One can have a healthy trade but look at us! Our exports grow like mad but our imports grow at DOUBLE PACE! And a hefty part of that is raw materials or energy! This is tremendously bad!

To fight inflation, Japan and the US both use China. And now this is going to vanish. Unlike China, India can't replace the Chinese workers simply because those people have a huge work ethic. So even as they get richer, they work to get richer still. This is an unusal culture, an unusal country. The only way to undo them was for England to attack China and then force into their culture, opium. This created lassitude. And China went from the world's #1 output of goods such as silk, fine ceramics, fine rugs, art work, metallurgy and furniture in 1800 to the world's basket case by 1930! From 30% of the world's output of exportable goods to 3%.

And the Chinese leadership knows all this and they understood the lesson way back in the 1980's. It is in Paul Kennedy's great work, 'The Rise and Fall of the Great Powers.' This is my Bible for thinking about international trade and diplomacy, by the way. My book is badly dogeared!

From the demented dopes at the Treasury:

Treasury Secretary Henry M. Paulson, Jr. today issued the following statement on the importance of Trade Promotion Authority to the U.S. and global economies:

"America's openness has made our economy the most vibrant and dynamic in the world. To keep our economy strong and competitive, we must continue to push forward on the trade agenda. The 110th Congress has an important opportunity to demonstrate bipartisan leadership and help to strengthen our economy by reauthorizing Trade Promotion Authority.

"Trade fosters the environment of innovation and research that leads to better goods and services at lower prices, which in turn helps Americans provide for their families.

"Members of Congress should move quickly to reauthorize Trade Promotion Authority. Americans benefit from open markets here at home and open markets abroad for our exports. Together with my colleagues in the Administration, we will fight to keep markets open to the benefit of American manufacturers, farmers, and service providers."

This man is either a traitor or insane or both. Our economy is not the most vibrant in the world. It's dynamics are all downhill. Paulson is like a little boy in a soapbox derby. 'Wow, I'm going really fast now!' he thinks as he speeds down Russian Hill in San Francisco. His brakes are his shoes. And we know what happens when you try to stop when going too fast, the shoes get too hot from friction and the legs pull up as the soapbox car crashes. He is also a liar. The fights to open up world markets are not enough to counterbalance the losses. He isn't working for our farmers or manufacturers.

Paulson is in charge of the United States Treasury. Which has no treasures at all. It is filled to the brim with red ink, not wealth. This idiot recently complained that he, a man who hangs out and serves the very rich elites of the earth, can't figure out what 'soverign wealth' really is even as he kow tows to the Queen of England. Of course, this is impossible and silly. He knows perfectly well and is perfectly happy with bankrupting the United States.

Which is why I don't call him a fool but a traitor. Arrest him.

And also note that these traitors draped an interesting name over all these crimes: 'The Trade PROMOTION Authority.' This is pure Big Brother backwards talking. The trade being promoted is our rival's trade with us, not the reverse. Proof of this is simple: we are in the red with all of them.

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