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Economies based on making money on money instead of making
things are burning out. The investment community divorced itself from the
production sector of our society many years ago. The globalists used free trade
as a tool to create new money products. They thought they could make debtor
nations into exporting nations and have them at least pay interest on the loans
whereby they could create perpetual revenues from these nations. But it didn't
work because the new money products did not replace the loss value of workers
and labor. Free trade deflates the value of labor, and this value is a real
asset and perhaps a much better money standard than the value of paper money
and all the funny money manipulations of transactions. Degrading the value of
workers and labor affects all money values and creates a negative balance. Millions
of Americans have lost their jobs during the most massive dislocation of jobs
in U.S.
A must read is "Confessions of an Economic Hit Man" by John Perkins. Mainstream media tries to make him look like a quirky character, but in reading the book, you can put aside this judgment for another time and study the process he portrays. He shows how the money powers of the world get nations hooked on loans and then penetrate into whatever they can in terms of capturing the total resources of these countries -- or at least find a way to control the flow of wealth in these nations. If we ignore these things while going after Wall Street directly, we miss the proper sequence of cause and effect.
A must read is "Confessions of an Economic Hit Man" by John Perkins. Mainstream media tries to make him look like a quirky character, but in reading the book, you can put aside this judgment for another time and study the process he portrays. He shows how the money powers of the world get nations hooked on loans and then penetrate into whatever they can in terms of capturing the total resources of these countries -- or at least find a way to control the flow of wealth in these nations. If we ignore these things while going after Wall Street directly, we miss the proper sequence of cause and effect.
Free trade is a take away project. It is not trade. It primarily about moving production from place to place for the sake of cheaper labor. The money products represented by equity loans, home loans and credit cards went bad because free trade came and smashed the middle class production workers. This affected other businesses and services as a new working poor class replaced the middle class workers. More than a decade ago, newspapers reported that 47 percent of all small business owners maxed out their credit cards to stay afloat. Many businesses were surprised by the onslaught of free trade and tried to find ways to survive. Many put their homes and other personal assets on the line trying to survive. The same applied to all the millions who lost their jobs due to free trade. They thought they could easily get a job of equal value but this was not case as many waited too long in joining the working poor class. We had record-breaking personal and business bankruptcies and record-breaking home foreclosures making headlines more than a decade ago.
Many thought that the "
Unfortunately, in the background, we shopped our way out of our jobs. We took the dangling carrot of cheaper prices and went for the imported goods from the wage slave markets of the world, with many saying they no longer had a choice. They said it was a matter of survival.
We can say it is Wall Street who caused all this -- and perhaps they did. But they did it after we participated in the process. We participated in the deception by shopping our way out of our jobs. We have to keep history straight about the
We also should let everyone know that even though President Bush hid our economic mess behind his "shock and awe" wars, President Obama followed him and bailed out the financial community and big money interests and put them back in charge. We have only one major party in the
Take action -- click here to contact your local newspaper or
congress people:
Who said we had to compete like this in a global economic arena.
Who said we had to compete like this in a global economic arena.
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