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Mike Stathis Refuted David Ricardo's Claims that Free International Trade Benefits all Participants in 2006

Decades ago, free trade and globalization shills around the world, from Wall Street and corporate America to academia were claiming free trade would benefit everyone.

And of course the media chimed in as well. Books like Thomas Friedman's The World is Flat (2005) were written to convince the masses that free trade was going to boost the living standards of all involved.  Friedman earned a load of money towing the free trade line. 

The vast majority of economists were pushing the free trade scam as well.  All of the hacks involved in the free trade scheme claimed it made perfect sense based on the David Ricardo's doctrine of comparative advantage. 

But world-class Wall Street analyst, Mike Stathis knew better.

Rather than blindly accepting Ricardo's comparative advantage doctrine, Stathis boldly, convincingly, and correctly explained why the doctrine no longer applied to modern day trade. 

The following represents an AI analysis (GPT-4o) of a passage arguing against the merits of free international trade (the passage has been withheld to protect the author's copyright) from Mike Stathis' landmark (and banned) 2006 book, America's Financial Apocalypse

Analysis by GPT-4o: The passage (withheld to protect the author's copyright) presents a critical analysis of the theory of free international trade, as articulated by David Ricardo through his doctrine of comparative advantage.

Here are some key points and themes from Stathis' analysis:

1. Critique of Comparative Advantage: Stathis argues that Ricardo's theory, which suggests that free trade benefits all parties involved, is outdated in the context of the modern economy. The assertion is that the conditions under which Ricardo's theory was developed do not hold true today, especially with the mobility of labor, capital, and technology.

2. Outsourcing and Job Loss: The text (withheld to protect the author's copyright) highlights the negative consequences of outsourcing, particularly the loss of American jobs and industries. It challenges the notion that outsourcing leads to better-paying jobs, questioning the existence of these promised jobs that were supposed to replace those lost.

3. Intellectual Property Concerns: Stathis' analysis emphasizes the importance of intellectual property in the modern economy, arguing that Ricardo's theory does not adequately account for the economic power of intellectual assets. The transfer of intellectual property to foreign nations, particularly in the context of outsourcing, is presented as a significant issue that undermines the comparative advantage of the U.S.

4. Unequal Benefits in Trade Relationships: Stathis points out that trade relationships between developed and developing nations often result in greater benefits for the latter, primarily due to the transfer of intellectual property and resources. This dynamic is portrayed as contributing to the decline of living standards in the U.S. while improving them in developing countries.

5. Unfair Trade Practices: The passage from Stathis' 2006 book (withheld to protect the author's copyright) discusses the challenges faced by the U.S. in dealing with unfair trade practices, particularly with countries like China and Japan. It suggests that the U.S. has limited authority to address these issues due to its commitments to organizations like the World Trade Organization (WTO).

6. Political Influence and Lobbying: Stathis expresses concern that U.S. trade policies are heavily influenced by powerful lobbyist groups representing major industries, which may prioritize corporate interests over the well-being of American workers. This critique implies a need for reform in how trade policies are developed and implemented.

7. Call for Change: Stathis suggests a need for a reevaluation of free trade policies and a shift in focus towards protecting American industries and jobs. Stathis advocates for a more balanced approach that considers the implications of globalization and the realities of modern economic relationships.

Overall, the analysis presents a strong argument against the uncritical acceptance of free trade as beneficial for all, highlighting the complexities and challenges of modern economic interactions. It calls for a reassessment of trade policies to better protect domestic interests and address the realities of globalization.

Yet, Mike Stathis and his remarkably prescient book, America's Financial Apocalypse remain banned twenty years later. 

This implications to the human population are even more striking when you consider that the book also predicted the details of the 2008 financial crisis, enabling anyone who read it to make a fortune.  

Ask yourself why Stathis has been black-balled by all media since the release of this book. If you've carefully read the book, you will know why he was banned and you will understand how things really work in the world.  

The fact is that you are not permitted to expose fraud on the levels that Stathis did with such irrefutable evidence.

But if Stathis were Jewish he would have been afforded at least a moderate amount of publicity for his analysis; not the amount of publicity commenesurate to the value of his analysis, but nonetheless some publicity simply because he were Jewish.  

We are talking about a massive coverup as well as widespread discrimination by the Jewish-run media. 

These conclusions have been based on a detailed multi-year investigation and analysis of how the media operates from the man (Mike Stathis) who predicted so many things few others saw, so think about that before you attempt to denounce his claims.

 

 

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