| States was once a self sufficient society where essential goods and products were produced domestically. Now we are a society that imports our ever necessity from China, Japan, Indonesia, Mexico and every sweat shop that can be found to sell below real costs. Those prices seldom reflect the real costs if made in the U.S.A. So why complain, we are saving money when we buy our Nike’s, RIGHT? Simply put the party is over . . . The United States trade deficit is the ultimate test of reality. It is real money! Its outflow drains national wealth. Forbes magazine reports: "Although final figures are not yet in, analysts believe the United States imported some $425 billion more in goods and services in 2002 than it exported, which would mark a record." Goldman Sachs, in a recent report, anticipated a larger trade deficit in 2003, saying that would trim about one-quarter of one percent from U.S. economic growth. Now Forbes points to: "The gap in the current account, the widest measure of trade because it includes investment income flows, has been a nagging worry for Federal Reserve officials and private economists alike. They fret that the roughly $500 billion current account deficit is unsustainable over the long run, leaving the currency vulnerable to heavy selling in the event of an abrupt correction in the balance." You should already know this background and appreciate its significance. But what may have escaped your observations is that the twin terror of a deflating domestic economy can be accompanied with the horror of rising prices. Here is why you should be concerned. When your federal reserve notes slide in relative value against foreign currencies, you have been told that exports will improve, and over time will help restore the imbalance. But what happens to exports when our domestic economy no longer manufactures any meaningful consumer product for overseas consumption? The United States now exports high tech systems, military armaments and sophisticated technology that allows foreign competitors to lower the costs of their own production, while the short term cash inflow disguises the root causes of the trade deficit. Couple this course with the lowering of the purchasing power on the US Dollar, and you experience higher prices at the consumer level. Since domestic jobs are non existent to produce our own home-made supplies, we are unable to escape this disastrous cycle. The fruits of "Free Trade" have brought us the closing of native factories. National corporate icons still trade on the exchanges under their familiar names, while their plants employ "Third World" labors, working on foreign soil, in mills financed by Wall Street capital. The personal wealth of the American public has taken a severe hit with the declines in equities. But the relative safety of bonds and fixed instruments are also under assault because the there is no immunity from a contrived contraction of the American economy. Protection based upon the ability to work your way out of a recession is not an option, when the indigenous economy consists of pseudo professions, superfluous services, government toadies, and insatiable public parasites - demanding a higher calorie intake for their ‘Free Lunch’. These conditions are not temporary, they are the result of an intended and permanent policy to reduce the independence of America and to integrate it into an international economy - A "Cirque de Flambé" show - with entertainment provided by jesters as the audience is required to walk among the lions to find their assigned seats. "The Clowns", out of this ersatz Fellinis film knock off, leads the choir to the tune of that Johnny Cash's hit, "I fell into a burning ring of fire". We have listened to the barker and have been lead into a sideshow. Our economy is walking the high wire and the net that is supposed to save us is rotten - being a foreign import. Our trade deficits are integral to trading away our future. Four steps proposed by the Economic Policy Institute that could reverse this trend are: First, the U.S. should enter into no new trade agreements, including China's proposed entry into the WTO, unless and until those agreements are revised to include enforceable labor rights and environmental standards as core elements. This will require, at a minimum, agreements to achieve internationally agreed upon standards, international performance reviews, and enforcement of these standards through trade sanctions. Second, measures must be taken to reduce chronic U.S. trade deficits with certain key countries, and in a few critical industries such as motor vehicles and commercial aircraft. These include China, Japan, the NAFTA countries, and Europe. The reasons for these deficits differ in each case. Part of Europe's problem is simply slow growth. The Chinese situation is more complex, involving exchange rate manipulation and systematic discrimination against U.S. imports, as well as advanced industrial policies that pilfer critical jobs and technologies from U.S. firms doing business there. Third, the U.S. must reduce steadily reduce the value of the U.S. dollar, in coordination with other major advanced industrial nations. Similar steps were taken between 1985 and 1987 period, the last major period of dollar-overvaluation and exploding trade deficits. The over-valued dollar is having a particularly damaging impact on U.S. agriculture (Scott 1999b). Finally, we must develop new incentives to interest developing countries in joining the developed world in raising labor and environmental standards. Developing countries also need an alternative to the model of export-led growth that has become the core of the commonly accepted Washington consensus growth package. That model has become exhausted because too many countries are competing for access to the only open market in the world, and the U.S. can no longer afford to be the market of last resort. We can see merit in points one, two and four; but reject that lowing the purchasing power of our own currency will bring back prosperity to America. The systemic problem is the interdependent NWO Global economy. The traditional method to preserve and protect our domestic industries and work force is to reestablish tariffs. Our country can no longer sip the hemlock of international elites and survive as an independent nation. Money, Trade and Commerce - THE LIFE BLOOD OF SOCIETY - needs to be genuine. Our money must be a true store of value, our trade must become FAIR and our commerce must be conducted with mutual benefits to all concerns. Today the global economy is in chapter 11 on its way to liquidation. The prospect of domestic depression accompanied with rising prices would be a new experience. If the U.S. stops buying, the rest of the world won’t be able to sell their goods. At that point the interdependent cabal will get their wish. A world held hostage to the whims of the central banks, the political hacks and the Trilateral International “Mattoids” . . . ------------------------------------- SARTRE is the pen name of James Hall, a reformed, former political operative. This pundit's formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. As a small business owner and entrepreneur, several successful ventures expanded opportunities for customers and employees. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. He is retired and lives with his wife in a rural community. Their daughter is a graduate of the University of London, and is working on an advance degree. "Populism" best describes the approach to SARTRE's perspective on Politics. Realities, suggest that American Values can be restored with an appreciation of "Pragmatic Anarchism." Reforms will require an Existential approach. "Ideas Move the World," and SARTRE'S intent is to stir the conscience of those who desire to bring back a common sense, moral and traditional value culture for America. Not seeking fame nor fortune, SARTRE's only goal is to ask the questions that few will dare ... Having refused the invites of an academic career because of the hypocrisy of elite's, the search for TRUTH is the challenge that is made to all readers. It starts within yourself and is achieved only with your sincere desire to face Reality. So who is SARTRE? He is really an ordinary man just like you, who invites you to join in on this journey. SARTRE is publisher of BREAKING ALL THE RULES and is also the Content Liaison for EtherZone.com ------------------------------------- The views expressed in this article may not necessarily be those of Alex Jones or Paul Joseph Watson. ------------------------------------- PRISON PLANET.com INFOWARS.com |
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| Interdependent Bankruptcy By James Hall Open up your latest financial journal and the economic crisis pours out of every corner of the globe. Read your favorite business newspaper and the headlines scream out that the financial markets are in free fall. Then open your last brokerage statement and sit down, have a stiff drink. This is the reality of the interdependent world, that the Globalists have given us with their not so "Free Trade" system. The United |
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