Rush to Gold Result of Stupid "Free" Trade scheme
- Free Trade Currency Wars Instead of Free Tariff Freedom -
The trouble started with a fascist, undemocratic WTO-GATT-NAFTA trade regimes written by multinational corporations and passed by corporate-fed legislators voting against the will of their own people. The result for First World Nations has been the gutting of economies, depression, the greatest shift of wealth in history, decline of democracy, and the empowerment of totalitarian and authoritarian regimes.
What we have now is a sorry setup of global oligarchy and oligopoly, the unnecessary transit of goods via fossil-fuel transport producing greater environmental impacts, and the ruin of First World wages, standards and benefits" not to mention the loss of democratic trade processes.
In the USA, this worst of worlds setup stems from the treaty power of the president and senate alone, and the removal of any interference from the great majority of wage-earning people in their own economy. Decades ago, the vast majority realized this as the schemes emerged and they would have vetoed these regimes had they any National Initiative process or veto of treaty powers.
As a result, so-called "free markets" have now been screwed up by forcing export-oriented economies and unbalancing domestic economies and needs. To further exports, fossil-fuel delivered "goods" now careen around the globe, and countries must continually lower their currency values. This leads to eco-ruin and higher costs of imported goods and inflation (after you've already seen your job outsourced, wages decline, and manufacturing capacity scuttled)" all because we have lost the right to adjust tariff policies as needed.
The result of people rushing today to invest in metals and resources is due to a "beggar-thy-neighbor" ever-cheaper currency policy due to the absence of free tariff policy. In addition to this scheme being nuts, we now screw up the earth with more mining and chewing up our environments due to the money fleeing currencies and investing in holes in the ground instead of building real economies meeting domestic needs first.
Remember that countries like India and China only had to change their internal incentives to unleash their entrepreneurs to achieve a better economy. They did not need to impoverish the First World in the process, and we did not need to "arbitrage" our labor and outsource employment. As a result of the current scheme, all countries can now never again reach these once higher standards, and the First World may never see them again, because they have been obliterated by forced "harmonization" in a race to the bottom courtesy of "free" trade.
Corporate economists and media shills still think economic "efficiency" is solely a corporate prerogative whose only meaning is to reward the greater slave and punish the higher wage and standard. They do not recognize any input from the vast majority in either defining or determining their level and practice of efficiency. In their eyes "comparative advantage" has no morals or scruples, so slavery wins.
For the First World economies, free trade has been an unmitigated disaster serving to create abject dependency on, of all people and regimes, communist capitalists! We now see our politicians pleading with China to get off their currency peg, all so we can make their goods more expensive here now that we decimated our domestic production capabilities. In any case, budget deficits and stimulus spending have been created, and necessitated, by bad trade policy.
Do you begin to see the utter idiocy of forced free trades here, particularly those who put up with an undemocratic World Trade Organization in which the vast majority of wage-earner have no say as to what happens with their economy and country?
In any event, the way out of this mess is to get together with the remaining democratic (I use the word loosely) countries and either withdraw from these fascist trade schemes, and/or rework the system so people elect their trade representatives, and retain the freedom to use tariff adjustments to manage their domestic economies, and thus enjoy real economic and cultural freedom.
Attempting to re-balance by currency wars is counterproductive and like killing a flea with a sledgehammer. Did I mention that Goldman Sachs and the big bank owners of the Fed are the ones who profit by currency-driven trade and the lack of any Bretton-Woods fixed exchange rates scheme?
Clearly, the fascist top-down scheme was unnecessary (not to mention vile) as companies can always get their global markets by producing and selling within countries around the world and without having tariff-free re-entry of greater-slave goods serving to extinguish the better world that gave them birth, screwing the higher standard, erasing the middle class, and decimating tax revenues, etc.
To arbitrage your own nation's labor and vast majority of wage-earners is to screw your own children and grandchildren under a scheme that is simply reprehensible.
Further, the idea that Smoot-Hawley had something to do with the Depression is also bogus in that the Federal Reserve began contracting the money supply in March of 1929 in a well-documented insider Wall Street scheme to fleece the people.
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