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Washington's War against America's Middle Class
I have been discussing the adverse impact of U.S. trade policy on America’s working and middle-class for several years now. I began this discussion in America’s Financial Apocalypse.
As many of you are aware by now, over the previous two decades, with the inspiration of lobbyist bribes and other goodies, Washington intentionally designed system of unfair trade.
This mechanism forms a vital element of the globalization strategy laid forth decades ago by the ruling class of the advanced world. Over the past two decades, globalization accelerated due to remarkable technological innovations in transportation and telecommunications.
This article was originally written in 2013 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)
Free Trade And The Jewish Mafia
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
Bought and paid for by industry lobbyists, Washington passed laws that enable corporate giants to have valid excuses for sending jobs overseas. In some cases, Washington passed laws that have actually encouraged corporate migration overseas, such as Bush’s Jobs Creation Act of 2004, which designated corporate profits earned on foreign soil as tax-free.
Today, we are witnessing three decades of cumulative effects of misguided trade policy as well as a complete disregard for American workers. While corporate America continues to enjoy record profits and profit margins, tens of millions of Americans remain out of work.
As we have mentioned in the past, the big secret no one in the media is talking about is that in fact, corporate America is hiring. They just aren’t hiring in the U.S. Moreover, corporations are sitting on more than $2 trillion of cash, refusing to invest it into U.S.-based operations.