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Free Trade breaks the supply / Demand Balance |
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Written by Mike Griffon
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Tuesday, 09 February 2010 00:46 |
Free Trade Breaks the Supply / Demand BalanceThe most fundamental rule of any economy is the need for a balance between supply and demand. Free Trade has broken that balance. The supply-side has been making war on the demand-side for 40 years and now our economic system has completely broken down. They used Free Trade to undermine American workers and drive down their wages. More and more wealth has piled up on the supply side and workers on the demand-side no longer have money to consume the products and services offered by the supply-side. All over the world, consumers aren't buying, small business owners aren't investing (because they have no customers) and global corporations are paying such lousy wages in third world countries that workers there have no money for anything beyond their basic survival. This isn't a just a Recession- it's a 'race to the bottom' that is hurting everyone. And it has to be stopped!
The Free Traders will never admit that their economic theory is a disaster. It may have served Wall Street and the global corporations for a while but now the global system has become so unbalanced that global stock markets are oscillating wildly, consumer demand in the United States, Europe and Japan has declined by 25 to as much as 70% in some industries. Companies are scrambling to maintain sales and profits by lowering prices, laying off workers and cutting expenses which then further lowers demand. Even with all of the evidence, the Free Traders are calling for MORE Free Trade as a solution to generating more jobs. Fortunately, pressure from the unemployed is forcing countries to reimpose trade tariffs to protect their national economies. I would expect to see people that support Free Trade being persecuted even to the point of lethal force. Personally, I'd love to see Free Traders executed on sight. They are betraying their countrymen to line their own pockets- that's treason in my opinion.On the supply-side, investors are piling up more and more capital and there is nowhere for it to go. They have bought all the yachts and planes and mansions that they can use which propped up consumer demand even as ordinary people lost their ability to consume because their wages and jobs have been cut and sent to Asia. Now the rich have bought everything they could ever need so they're plowing more and more money into corporate shares. At the same time, the earnings per share are dropping so investors are bailing out of stocks and buying commodities instead. This pushes up commodity prices which makes products more expensive for ordinary consumers who buy less stuff and the vicious cycle feeds on itself in a downward spiral to destruction.20% of the American workforce is now unemployed or under-employed. Almost every American has lost a large part of their retirement savings, their jobs are not secure, their communities are starving for tax revenues and being forced to cut school budgets and government services. People are really angry and they are starting to take their anger out on politicians and the corporations that are wrecking our economic system. Make no mistake. Wall Street, global corporations and their political whores are our mortal enemies. They are destroying our Country and doing more damage than Osama Bin laden and Al Qaeda could ever do. If you see a politician that supports Free Trade, let him know you will never vote for him or her. If you run into a businessman that supports Free Trade, don't do business with him. Try to buy American products from local suppliers and avoid the products of global corporations. Don't buy their products or services, don't buy shares in their companies and, if you're a memebr of a Union with a pension plan, tell your Union rep you want your retirment money taken out of the hands of Wall Street brokers.Unions should get together and form a corporation to issue credit cards to their members. They could earn very high returns on their retirement money and bypass the major credit card companies that steal most of the profits. Do everything you can to hurt Wall Street. Their dirty little secret is that Wall Street is taking the retirement savings of American workers and investing that money in Asia where it builds the factories and creates the jobs that undercut American companies and workers and put them out of work. I'm sure the Wall Street crowd LOVES this because they've always hated Labor and it must be delicious for them to be using the workers own money to destroy their lives. I can't wait for the day when the workers figure this out and start retaliating; it's always hilarious to watch a truck driver beat the crap out of some office wimp.American corporate executives had been painting visions of huge future profits from the 1.3 billion person Chinese market and the 1.1 billion in India. Of course, they are suffering from a fundamental misunderstanding of the Asian markets. The Asians are much smarter that Americans think they are; they will learn everything they can from us and then they will slam their markets closed to Western companies. They will serve their own markets AND they will take ours as well. They have to employ their people and they are devoted to the advancement of their nations; if they had traitors like the pigs on Wall Street in their countries, they would take them out and shoot them, a policy that I heartily support.Now the Chinese are taking the massive profits that they have made off of our markets and they're buying major holdings in American companies. They're also buying the world's supply of natural resources, metal ores, fuels, wood, rare metals, everything that is essential to industrial production. When American corporate execs finally wise up, they will find that they can't manufacture in the United States because we won;t be able to get the raw materials unless we buy them from the Chinese, The Chinese are wrapping their hands around our throats and they will choke us to death. They will control the world and our executives helped them do it. Wall Streeters should know that they will be held accountable. Eventually, the American People will hang the bastards for betraying us. |
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Last Updated on Saturday, 20 February 2010 18:48 |
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