Among the various mechanisms of fraud carried out by the Jewish Mafia, the one most responsible for the economic decline of the United States has been its exploitative trade policy, otherwise known as free trade.
As always, the Jewish Mafia has bought off an army of Gentile puppets to carry out much of its fraud, so as to escape detection. For instance, during the height of the Financial Crisis of 2008, President Bush was instructed by his handlers to denounce protectionism so as to implicitly reinforce the continuation of so-called free trade policy. Sure enough, when Obama entered the White House, rather than restructure free trade as he had promised, he expanded trade into South Korea.
Despite evidence pointing to the contrary, Obama told the American people that the U.S.-Korean Free Trade Agreement (KORUS FTA) would protect and create thousands of U.S. jobs. This was the same song and dance President Bush fed to the American people when he expanded trade into Central America (CAFTA-DR), and the same hot air preached by Clinton when he signed off on the North American Free Trade Agreement (NAFTA) a decade earlier.
After receiving further orders from his handlers, Obama is pressing forward with the secretive and controversial Trans-Pacific Partnership (TPP), claiming once again that it will benefit Americans and create U.S. jobs; more lies from Washington.
Understanding Free Trade
Free trade is the economic pillar of globalization. Although it was marketed to American voters as an engine of job growth and better living standards, just the opposite has happened. In fact, free trade has largely been responsible for the widening wealth and income gap between America’s wealthy and working class. For partnering nations the results have varied. The consistent winner of free trade has been corporate giants. [1]
Free trade was devised by Jewish business and economics professors, corporate executives and Wall Street tycoons in order to exploit economic and other policy differences between the U.S. and its trading partners for the purpose of boosting corporate profits. Although this system of commerce had been planned for decades, it only became practical during the technology revolution of the 1990s.
The United States launched the first phase of globalization with the passage of the North American Free Trade Agreement (NAFTA) in the early 1990s. Europe soon followed with the official formation of the European Union (EU). Since then, global trade has been expanded many times, and in each case the results have been the same; higher corporate profits and fewer American jobs.
While free trade has been a boon for large corporations and their wealthy shareholders as intended, it has cost Americans millions of good jobs paying middle-class wages, but not due to free market forces as claimed. American jobs have been lost due to unfair advantages seen in partnering nations, ranging from government subsidies to lack of regulatory barriers and associated costs. As a result, this system of so-called “free trade” is really one of unfair trade.
By imposing a Westernized, so-called capitalist system of commerce and labor into developing nations, foreign corporations from the advanced world can exploit differences in social and economic policy to capture superficial economic gains. Meanwhile, the side effects of this arrangement, exploitation of the labor force and political corruption expand into their own dimension.
As a consequence of free trade, consumers from the advanced world will have access to less expensive goods produced in less developed nations. However, many of these same consumers will have lost their jobs or be forced to work for lower wages in jobs that do not fully leverage their experience and abilities, as a result of job migration to nations which offer lower cost of labor. [2]
Finally, these goods which are produced in less developed nations are of lower quality. Thus, they have been embedded with an obsolescence factor, which assures further “economic growth” because the goods will wear out prematurely, causing consumers to purchase more. [3]
The negative economic effects of free trade have been evident from the start. But most Americans have only noticed the impact after an asset bubble has imploded. For instance, just over a decade ago when the dotcom bubble finally popped, the ill effects of free trade became apparent. As economic demand plummeted, inventories piled up and jobs vanished. But even when the economy began to expand, the vast majority of these jobs never returned because they were fueled by a credit bubble in order to mask the effects of the chronic job migration that had been accumulating ever since NAFTA was signed.
Washington’s response to this recession was for the Federal Reserve, then under the “leadership” of Alan Greenspan to engineer another asset bubble. Fueled by false demand, this bubble led to millions of jobs in construction, real estate, banking, finance, and related industries. Things looked good to those who were unaware what was really going on. They simply focused on their incomes, home values and stock portfolios.
Wall Street banks reaped huge profits from this scam. But when the bubble burst there were no claw-backs from the Wall Street crooks. They kept their outrageous bonuses, and the banks were bailed with the tax dollars of those who were defrauded. There were no prison sentences. Consumers got hosed while the crooks were rewarded. This has been a repeating cycle ever since the formation of the financial industry by the Jewish Mafia.
Free Trade and Unemployment
Now that the real estate credit bubble has imploded, the toxic effects of free trade have once again become apparent. Yet, many Americans are unaware that U.S. trade policy remains as the nation’s most pressing fundamental economic issue. They have been lied to by economists, politicians and other members of the establishment which is controlled by the Jewish Mafia.
Despite countless programs aimed at job creation, the unemployment rate remains high. Right-wing policy makers, corporate shills and their media partners continue to insist that the unemployed lack the required skills demanded by the work place. This is but another lie, as confirmed by data. The left-wing counterpart of the U.S. fascist regime insists that tepid economic demand has been responsible for the lack of job growth.
Although weak demand is certainly part of the problem, the fundamental reason for the persistently highly unemployment rate is due to U.S. trade policy. This claim becomes more apparent when it is noted that corporate giants continue to hire overseas, while ramping up plans for huge expansions in years to come.
Southeast Asia and Latin America have also reaped tremendous benefits from U.S. trade policy, as most citizens of these nations have seen their living standards soar over the past decade. Thus, higher living standards in the developed world have come at the expense of America’s working and middle class. And Washington has sat by doing nothing to stop the hemorrhaging of jobs and living standards because their main objective is being satisfied; rising corporate profits.
The Launch of Free Trade
To better understand the impetus behind free trade, we must go back in time. During the oil crisis of the early-1970s, Japanese imports began flooding into the U.S. Meanwhile, Japan prevented imports from America by erecting huge tariffs and other trade barriers.
Washington realized that U.S. manufacturing would not be able to compete with Asia. But this did not take the architects of globalization by surprise. They had been planning this takeover since the end of World War II. Finally, a golden opportunity arose. The response from bureaucrats, corporate executives and bankers was to encourage Washington to change how it viewed intellectual property laws.
Although the laws governing intellectual property had been in existence for hundreds of years, radical changes during the 1980s greatly enhanced the ability of owners of intellectual property to receive compensation for third-party use of more complex intangible assets such as patents. But Southeast Asia remained largely noncompliant with Western intellectual property laws. [4]
By the mid-1990s, intellectual property had grown to become a significant share of profits for many corporate giants. Instead of earning a profit by employing a labor force which made goods, corporations could make money from ideas and proprietary information, much of which had been funded by tax payers. This in itself catalyzed the relocation of manufacturing abroad.
Since the 1980s, the U.S. economy has transitioned from manufacturing- to serviced-based because it allows corporations to slash operational costs by shifting facilities and jobs to nations that do not play by the same rules as the U.S.
America’s service-based economy also opened the door for banks to design new types of financial transactions to extract more money from consumers and businesses. This added to the rapid growth of the consumer credit markets which began to boom by the early-1990s.
Free Trade: The Big Picture
Washington continues to insist that the transition from a manufacturing to service economy has provided better living standards to all Americans. This is another lie. Ever since the implementation of free trade, fewer Americans have been on the receiving end of financial gains from the nation’s productivity. In reality, more Americans have been on the receiving end of dead-end careers in industries that barely existed prior to free trade.
Even before the real estate credit bubble burst in 2008, manufacturing jobs had been in rapid decline dating back to the bursting of the dotcom bubble in 2001. The implosion of the most recent bubble has accelerated this trend. The decline seen in U.S. manufacturing has been a significant contributor to America’s economic decline because it was this segment of the economy that gave rise to the nation’s middle-class.
Thirty years ago, before free trade, the nation’s largest private sector employer was General Motors. Back then, Wal-Mart was selling goods made in the USA. Sure, Wal-Mart was responsible for job losses in the retail sector, but it also fueled domestic manufacturing since most of the goods it sold were made in the USA.
Today, most of the goods sold at Wal-Mart come from Asia and Latin America. Every time a U.S. consumer shops at Wal-Mart he is supporting jobs overseas and thus helping to destroy the U.S. economy. But most Americans are too broke to have the luxury of boycotting Wal-Mart, so it continues to expand. As it stands today, Wal-Mart is the nation’s largest private sector employer. In contrast, General Motors required a tax payer bailout to remain in business.
Today, the Walton family’s (beneficiaries of Sam Walton, founder of Wal-Mart) net worth is close to $100 billion. This amount represents the combined net worth of close to 50% of the U.S. population. Thus, it should be no mystery why nearly 50% of the U.S. population currently receives some form of government benefits, from food stamps and housing assistance, to Medicaid and other welfare. That pretty much sums up the economic mess created by free trade and the Jewish Mafia.
[1] The concept of free trade falls under the umbrella of neoliberalism, which also includes deregulation and privatization of government-owned assets.
[2] Over time, this arrangement shifts the production-consumption balance to favor consumption rather than production. This economic arrangement can only be maintained by open access to consumer credit, which ultimately leads to an unsustainable credit bubble. Eventually this bubble must be defused. This is where the Federal Reserve and Wall Street enter into the plot.
[3] In reality, all forms of planned or designed product obsolescence fall into the category of fraud. This devious scheme which was born from a perverted form of capitalism also leads to an enormous waste of natural resources, thereby adding to resource depletion and environmental waste.
[4] Compliance with intellectual property laws have been an issue for years, especially in Southeast Asia. But now that Asia is more connected into the globalization shell game, intellectual property enforcement is making new strides.
This article was originally written in 2012 as a followup to the material I first wrote about pertaining to US trade policy in my banned 2006 book, America's Financial Apocalypse. This book was not only the ONLY book in the world to have accuractely forecast nearly every major event related to the blow up of the real estate bubble and stock market, but also detailed numerous wide ranging topics that promised to adversely impact the US if not corrected, including the nation's healthcare system, soaring college costs, pension underfundedness, Social Security and of course, US trade policy.
See Also:
Free Trade And The Suicide Of A Superpower (Part 1)
Free Trade And The Suicide Of A Superpower (Part 2)
Ford As A Crystal Ball For America
Washington's War Against America's Middle Class
Video: Educating A Libertarian Hack From Harvard
7 Myths About US-China Trade and Investment
The Dirty Secret about Hedonics & Globalization
Thailand, Globalization and Real Estate Economics
America. What Went Wrong? (Part 1)
America. What Went Wrong? (Part 2)
America's Second Great Depression
The Death of Labor Unions in America
Record Profits and the Huge Sucking Sound of American Jobs
Originally published on Press TV
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