Gedankonomist

JPMorgan Global Manufacturing PMI Shows Another Severe Contraction in February

Basically the idea is this: ruin the US manufacturing base. Make loans to US companies thru the "Export Import Bank" and get them to move overseas. Retrain the former manufacturing employees for "service sector" jobs. Get the US entirely dependent on imports. That way if the US ever decides it wants to go "unilateral" i.e. remain sovereign, retain it's independence, it will be unable to.

Free Trade Agreements = Evaporated Jobs Worldwide

The whole purpose of "free trade" (nothing in life is free) is to break down national boundaries. Nations which have their economic sovereignty handed over to a supernational authority lose their independence. This helps to bring about regional governments such as NAFTA, African Union, EU, etc. Eventually these blocs will be merged into a single world government.

And if you wonder what kind of government, world government would be like, pick up a Franz Kafka novel, if reading the NAFTA or WTO charters bore you too much.

Free Trade Agreements = Evaporated Jobs Worldwide

Smoot-Hawley did not cause the depression. The FED did.


On Dec 15 08:07 AM jamesa40 wrote:

> Temporarily halt free trade agreements? Did you not learn anything
> from the depression? Remember Smoot/Hawley? That anti-free trade
> policy is one of the leading causes of the depression. By creating
> an anti-trade policy, other countries responded in kind. Therefore,
> our continuing increase (and reliance) on exports in this recession
> today would evaporate, compounding the very problem you wish to cease.