Tapsearch Com EditorSubsidized Free Market living off the poor
May 2nd 2009 21:46
Bizarre Politics Reports:
In the U.S. there is now only one political party after Big Goverment bailing out Big Money. We are now all Socialist Capitalists living off the working poor in the U.S., the wage slaves of the world and all who have lost everything in the process.
By Ray Tapajna, Editor and Artist at Tapsearch Com - Tapart News and Art that Talks global issues
President Obama practices protectionism on the homefront by protecting Big Money and the Financial Communities while jumping over all the Small Money people who have lost everything.
The upper classes can no longer claim the poor classes are living off their hard work. It is now the other way around in our new Socialist Capitalist one party system.
Economy in Unchartered Waters
Workers "commoditized"
Tariffs taken off goods and put on workers and labor
Bail out of Big Money is a massive Tariff on future generations
Big Money now lives off the working poor and all who lost everything due to Globalization and Free Trade
Our economy based on making money on money instead of making things is
burning out. We are in unchartered waters. There is no comparisons in
history to find possible solutions. A properous nation never sent its
production to other countries and tried to convert a whole society to
investment money products and services for an economy. Other countries
never accepted factories from other lands to produce products for export
and not for their own domestic consumption. A prospersous nation never
went out of their way to create a working poor class for the sake of
cheaper imports. Other nations never let other foreign and global money
to take advantage of wage slave labor.
President Roosevelt said economic diseases are highly communicable. He
pumped up the economy out of nothing by shipping goods to the allies
without worrying about payment with the Lend Lease Act. Then the war
came and the U.S. created the most awesome industrial might in history.
Roosevelt's success was about building up production domestically and he
never thought about doing it any other way. He centered on local
value added economies that produced several levels of added values from
raw products up through to the retail and end user stage.
Who would have thought that Free Traders would come along and chop up
the golden goose that laid the golden eggs. The U.S. used the Marshall Plan
after the war to establish new local value added economies that proved to be
a success in restoring Europe and parts of Asia. The Marshall Plan was based
on creating good economic situations in balanced geopolitical settings. It
was never about taking advantage of third world conditions. It was about
fixing them one by one through the process of duplicating success.
In the current swine flu epidemic, they close down public gatherings
and isolate people to counter the epidemic. The same should apply to
economics where tools should be used to isolate the economic diseases.
We need to protect the Free Enterprise system from a take over by a merger
of Big Government and Big Money.
The main argument for establishing an illusion of Free Trade was the use
the illusion of protectionism. Free Trade is not trade as historically
defined and practiced. It was never about sending production outside of
the country and using desitute workers to make the products. Workers
were never the main commodities behind the so called trading. Protectionism
never was the main problem. The Great Depression was about a money
crisis and there was no money for countries to trade with.
In the end tariffs have been taken off goods and put on work. Now the
bail outs of big money and old line manufactures also represents tariffs
on the investment money products too.
Yet, both major parties in the U.S. ignore the fact that Free Trade and
Globalization is the main cause of our economic crisis. All attempts to
restore the economy are a based on lies. How can anything good come from
these false premises. Still the Free Traders continue to rant about a
protectionism that never existed.
Something that starts as a lie ends up a lie and all attempts to rectify
things will end up the same way.
Information Digest sites
President Obama practices protectionism on the homefront by protecting Big Money and the Financial Communities while jumping over all the Small Money people who have lost everything.
The upper classes can no longer claim the poor classes are living off their hard work. It is now the other way around in our new Socialist Capitalist one party system.
President Obama practices a new kind of protectionism in a new kind of trickle down economy
Economy in Unchartered Waters
Workers "commoditized"
Tariffs taken off goods and put on workers and labor
Bail out of Big Money is a massive Tariff on future generations
Big Money now lives off the working poor and all who lost everything due to Globalization and Free Trade
Our economy based on making money on money instead of making things is
burning out. We are in unchartered waters. There is no comparisons in
history to find possible solutions. A properous nation never sent its
production to other countries and tried to convert a whole society to
investment money products and services for an economy. Other countries
never accepted factories from other lands to produce products for export
and not for their own domestic consumption. A prospersous nation never
went out of their way to create a working poor class for the sake of
cheaper imports. Other nations never let other foreign and global money
to take advantage of wage slave labor.
President Roosevelt said economic diseases are highly communicable. He
pumped up the economy out of nothing by shipping goods to the allies
without worrying about payment with the Lend Lease Act. Then the war
came and the U.S. created the most awesome industrial might in history.
Roosevelt's success was about building up production domestically and he
never thought about doing it any other way. He centered on local
value added economies that produced several levels of added values from
raw products up through to the retail and end user stage.
Who would have thought that Free Traders would come along and chop up
the golden goose that laid the golden eggs. The U.S. used the Marshall Plan
after the war to establish new local value added economies that proved to be
a success in restoring Europe and parts of Asia. The Marshall Plan was based
on creating good economic situations in balanced geopolitical settings. It
was never about taking advantage of third world conditions. It was about
fixing them one by one through the process of duplicating success.
In the current swine flu epidemic, they close down public gatherings
and isolate people to counter the epidemic. The same should apply to
economics where tools should be used to isolate the economic diseases.
We need to protect the Free Enterprise system from a take over by a merger
of Big Government and Big Money.
The main argument for establishing an illusion of Free Trade was the use
the illusion of protectionism. Free Trade is not trade as historically
defined and practiced. It was never about sending production outside of
the country and using desitute workers to make the products. Workers
were never the main commodities behind the so called trading. Protectionism
never was the main problem. The Great Depression was about a money
crisis and there was no money for countries to trade with.
In the end tariffs have been taken off goods and put on work. Now the
bail outs of big money and old line manufactures also represents tariffs
on the investment money products too.
Yet, both major parties in the U.S. ignore the fact that Free Trade and
Globalization is the main cause of our economic crisis. All attempts to
restore the economy are a based on lies. How can anything good come from
these false premises. Still the Free Traders continue to rant about a
protectionism that never existed.
Something that starts as a lie ends up a lie and all attempts to rectify
things will end up the same way.
Information Digest sites
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Comment by Dr. Liberty
Borderless World
Political Craft
MLB Analyst
Comment by Tapsearch Com Editor
Ethics Box
Stories behind News in Global Economic Arena
The Rationale Quest
The World's News
Tapsearch explores untold stories
Our Tapart News and Art that Talks sites are now a chronical of events behind the economic crisis and many experts forecasted the economic storms for many years. Sir James Goldsmith was one of the first. His book The Trap, published in 1993, was one of the first books about it. Manuel Castelle has several books about Globalization and Free Trade. He forcasted the economic crisis about 15 years ago. Dr. Pat Choate, Economist, who ran as VP candidate with Perot did too. There are many more including Chuck Harder from For the People.
We gave the causes recently here too - seeFree Trade = Economic Crisis
For a cluster of Tapart News and Art that Talks sites since 1998 see Tapsearch Information Digest
For a mobile users friendly summary of articles - see Global Economy issues articles
Suggest reading more of our posts here at Bizarre Politics.
Basically, Free Trade and Globalization depend on consumerism. If the value of workers is deflated, it impacts the investments and other speculative money products. The value of workers and labor is a real tangible asset and acts as a money standard. Paper money is an intangible asset that requires manipulations to grow values. An economy that is based on making money on money instead of making things will run out of steam if the value of workers is deflated as it has been for many years.
Consumers are workers too. They need a living wage to support a Global economy. The Global economy has failed to grow the value of workers and labor.
The Trade Deficit itself tells the story. It amounts to a vast loss of value and dollars across the board and the Trade Deficit has broken records since Free Trade was consummated by NAFTA and GATT.
It is impossible to buy more than you sell and that is what the Trade Deficit is all about.
The financial and housing markets were hit by the lost of jobs more than they were hit my speculation. There has actually been a massive deflation in our times in the value of workers and labor and this severely impacted the money markets.
Comment by Dr. Liberty
Borderless World
Political Craft
MLB Analyst
As for the forecasts, predicting an economic crisis does not mean that if it happens your reasons are correct. I could, starting today, predict that an economic crisis will occur in the next 20 years because MLB tickets have gotten more expensive. If a crisis occurs, then I will look like a prophet for making this prediction, but the crisis probably occurred for an entirely different reason.
Also, your post about the reasons just lists things, places an equal sign, and then "economic crisis." I am quite knowledgeable on this subject, yet I disagree with these reasons.
First off, I think you may be defining Free Trade and Globalization differently than me. True free trade would be simply the elimination of all barriers to trade. Globalization would be the free flow of labor, capital, goods, information, etc. across borders. As far as my research goes, these two things have led to millions upon millions of people escaping poverty in the world. As well, in the U.S. and generally everywhere, free trade and globalization have led to higher compensation.
Also, a trade deficit is not inherently a bad thing. It means that we are giving up less value than we are gaining. You run a massive trade deficit with your grocery store, "importing" thousands of dollars worth of goods without "exporting" a single item to them. Would you call this deficit a loss?
I agree that "making money on money" is likely not sustainable. I agree that going into massive debt is also likely not sustainable. I however do NOT agree that these have been caused by "free trade and globalization." These have been due to the government distorting financial markets and the FED promoting spending instead of saving.
Comment by Tapsearch Com Editor
Ethics Box
Stories behind News in Global Economic Arena
The Rationale Quest
The World's News
Tapsearch explores untold stories
The U.S. never really had a protectionist stance and the Great Depression was never about trade. It was about a money crisis. President Roosevelt said he was not going to let the dollar sign stand in his way when he started the Lend Lease program and start shipping goods and food to the allies without worrrying about getting paid. Then the war came and the most awesome industrial might the world has ever known was launched. It is important to remember that he did not move production outside of the USA. He kept it inside the USA. The Free Traders have chopped this all up into pieces and shipped it all over the world. This is not trade by any definition of the term.
About ten years ago a report came out and said this about the Trade Deficit. The lost values due to the Trade Deficit could translate into the U.S. giving every single American family $50,000 to buy a home. This means there would have most likely never been a mortgage crisis and a breakdown of the financial markets surrounding it. It means a value of $50,000 in value was lost for every family in the USA.
The Trade Deficit also means we are buying much more than we are selling. No business can survive this way.
Alan Greenspan thought equities loans were great because people could borrow on the future inflated value on their homes but with people losing their jobs and income the future inflated values collapsed. The lost of jobs were due to Free Trade. How can anything good come from 700,000 workers in steel industry, 400,000 in auto mfg and more than a million workers losing their jobs in the computer industry. This too was the result of unfair so called Free Trade. Due to Free Trade, the U.S. has gone through the most massive dislocation of jobs in history including the Great Depression.
The U.S. is best at manufacturing false unemployment rates that do not compare with anything from the past methods. Hurricane Katrina in New Orleans exposed a vast underclass living in a silent depression. The same scenario can be repeated in most major cities in the USA. In our city, we have miles and miles of main streets with empty storefronts and empty factories. It looks like a third world country. I knew our city when most of the streets were full of dynamic commerce.
During the stimulus package debate during the Bush years, Ben Bernanke told Congress that the best way to stimulate the economy is to buy "domestically produced goods". However these goods were a rare commodity and all the tax cuts etc. by Bush that were spent at retail did not stay in the USA to restore our economy but the money quickly went to the places where the goods were made or grown and it certainly they were not produced in the USA.
See Chronical of events behind our economic crisis
Comment by Dr. Liberty
Borderless World
Political Craft
MLB Analyst
You said
You said,
You seem to ignore that U.S. citizens gain via cheaper goods from abroad. If a citizen were forced to "buy domestically" it would be more expensive. Thus leading to lower "real" wages. Americans gain from engaging in voluntary transactions with the rest of the world.
Also, businesses clearly do not just gravitate toward the lowest wages, or else there would be huge investment in Africa, where wages would be the lowest, but this is not the case.
Comment by Tapsearch Com Editor
Ethics Box
Stories behind News in Global Economic Arena
The Rationale Quest
The World's News
Tapsearch explores untold stories
The deflated value of work and workers did too. This value is a real tangible value and not something that comes from speculative manipulation of paper money to create values.
Of course the value of imports is high, but this value once resided inside the USA and not outside. Free Trade has resulted in values being shipped out of the USA and then shipped back at a discounted value with much of the latter value being absorbed by economies where the products are made and by Transnational entities that do not re-invest in America. Instead many make money off the loans to the U.S. required to keep the whole monopoly game going.
The Wall Street Journal just had a report about what individual cities are doing to stimulate their ecnomies and all the given examples were about restoring local value added economies. Not one was based on Free Trade.
Presidend Bush's first stimulus package failed because all the extra money handed out that was spent at retail quickly fanned out to the places where the goods are made or grown. The money did not stay in the U.S. to sitmulate our economy. As I reported before, Federal Bank Chairman Ben Bernanke told Congress that the best way to stimulate the economy is to buy "domestically produced goods". Local value added economies grow value from raw product up through several levels to retail and then recycles the process again and again.Tapart News Global Information Digest
and Exploring the lost worlds in the Globalist Free Trader Flat World
Obviously, the unemployment rates are false and certainly do not match up with the realtities of the streets. Apparently, you have never talked to someone who spent a lifetime creating a business and who have lost everything due to Free Trade. Bankruptcies have broken records for years. More people over 60 have declared bankruptcy than ever before. Who do you think these people are. Many came from the group that lost their jobs or businesses and never found another one. 40 percent of the young black men in our inner cities are unemployed. The prison population is breaking all records with this being a factor causing it.
Only 37 percent of all American workers qualify for unemployment insurance. This means more than 60 percent of all workers are in economic limbo. They either do not make enough money to qualify or they are not able to work at one job for a long enough period.
Someone making only a $100 a month is considered employed and this includes single mothers. This would be laughable back in the 1970s when employment reporting was primarily based on full time 40 hour a week jobs with benefits. There would have been a Congressional investigation into the unemployment rate reporting if our present way was used.
President Clinton proclaimed prosperity, while millions were losing their jobs durign the most massive dislocation of jobs in U.S. history including the Great Depression. As I said before, Hurricane Katrina in New Orleans exposed a massive underclass residing in a silent depression in the USA.
President Clinton did go to Africa and did try to push Free Trade but the Free Traders could not deal with all the geopolitical factors.
Our economy based on making money on money instead of making things is burning out.
A massive new working poor class in the USA can not even afford to buy the cheaper imports now and the destitute workers outside the U.S. making the goods can not afford to buy the very things they make let alone have money left to buy anything that the U.S. may have left to sell.
After World War 2 , the Marshall Plan proved to be successful in restoring the local value added economies in Europe and Japan. We duplicated success in balanced geopolitical settings.
I suggest you read The Confessions of an Economic Hit Man by John Perkins and review what many top experts predicted more than ten years ago at [LINK=http://tapsearchnewsmobile.filetap.com/]Global Issues Information Digest]
And search under things like Korea farmers protest and the Chiapas rebellion in Mexico and ask yourself why most of South America is saying a no to Free Trade.
Comment by Dr. Liberty
Borderless World
Political Craft
MLB Analyst
Africa has said "No" to Free Trade and we see that has done them much good.
East Asian countries said "Yes" to Free Trade and saw the most miraculous ascent from poverty to wealth, while lifting hundreds of millions out of poverty.
You are only focusing on the losses of trade without recognizing the benefits from trade, which far outweigh the losses in most instances.
"Stimulating" the domestic economy merely means a welfare loss to U.S. citizens via higher prices and a loss of jobs to those employed in U.S. businesses that rely on imports. Closing off Free Trade would have drastic negative effects to the U.S. economy and Free Trade was in NO way responsible for the current crisis.
By the way, trade deficits are determined by the difference in domestic savings and domestic investment. Since low interest rates (and other factors) have discouraged saving by U.S. citizens, it was necessary to go abroad to fill the gap needed to fund the rest of our investments. This in turn leads to a trade deficit. Trade deficits have nothing to do with the "free"-ness of trade, but rather with the level of savings.
Comment by Tapsearch Com Editor
Ethics Box
Stories behind News in Global Economic Arena
The Rationale Quest
The World's News
Tapsearch explores untold stories
Farmers in South America and other countries have to grow drug related crops to survive.
Africa is much more complex. The geopolitical settings vary radically from country to country.
I directly did business with Asian customers and your assessment is not correct. If NIKE would pass on just 3 percent of their advertising bubget to the workers in Malaysia, 80,000 workers would enjoy a living wage.
I was part of the high tech industry that were knocked out of the picture by unfair trade after spending years developing the products. I witnessed the influx of high tech production into places like Malaysia and then after a few years these factories withdrew. The company I am directly aware of , had about 100,000 workers in Malaysia. More than 50,000 have now lost their jobs. I witnessed the closing of about 100 top computer manufacturers in the USA. I fought to the end for the last micro computer made in the USA and gave all doing it. I witnessed about 1,000 small computer companies in just a tri-state area surrounding Ohio go out of business due to so called Free Trade.
I lost about a 1000 customers myself. All these companies went out of business due to Free Trade. I witnessed several businesses that lasted a 100 years go down quickly due to Free Trade.
All this massive value and income potential went down the drain quickly. I have a record of all these events on my sites.
How can anyone with a consience use products made by children and wage slave workers. We invite to read The Rationale Quest which explores philosophy, religion and the common good relating to the global economic arena.
And you should read Confessions of an Economic Hit Man by John Perkins for the real world behind so called Free Trade. And hopefully, you will never have to witness the people who lost everything it took a life time to accumulate due to Free Trade. There are millions of them in the USA.
Apparently, you choose to ignore what advocates in these countries say about Free Trade. Again read what ten Mexican bishops say about Free Trade and what a top Archbishop from Central America reported to our Congress prior to the passing of CAFTA. They tell about the real world and not the fiction made up by Free Traders.
Mexico is a complete bust due to Free Trade with a history of more than 20 years of failures. Now no one knows what to do about the drug trade.