Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Plunging Inventories have Zinc Bulls Ready to Run - 15th Feb 19
Gold Stocks Mega Mergers Are Bad for Shareholders - 15th Feb 19
Retail Sales Crash! It’s 2008 All Over Again for Stock Market and Economy! - 15th Feb 19
Is Gold Market 2019 Like 2016? - 15th Feb 19
Virgin Media's Increasingly Unreliable Broadband Service - 15th Feb 19
2019 Starting to Shine But is it a Long Con for Stock Investors? - 15th Feb 19
Gold is on the Verge of a Bull-run and Here's Why - 15th Feb 19
Will Stock Market 2019 be like 1999? - 14th Feb 19
3 Charts That Scream “Don’t Buy Stocks” - 14th Feb 19
Capitalism Isn’t Bad, It’s Just Broken - 14th Feb 19
How To Find High-Yield Dividend Stocks That Are Safe - 14th Feb 19
Strategy Session - How This Stocks Bear Market Fits in With Markets of the Past - 14th Feb 19
Marijuana Stocks Ready for Another Massive Rally? - 14th Feb 19
Wage Day Advance And Why There is No Shame About It - 14th Feb 19
Will 2019 be the Year of the Big Breakout for Gold? - 13th Feb 19
Earth Overshoot Day Illustrates We are the Lemmings - 13th Feb 19
A Stock Market Rally With No Pullbacks. What’s Next for Stocks - 13th Feb 19
Where Is Gold’s Rally in Response to USD Weakness? - 13th Feb 19
US Tech Stock Sector Setting Up for A Momentum Breakout Move - 12th Feb 19
Key Support Levels for Gold Miners & Gold Juniors - 12th Feb 19
Socialist “Green New Deal” Points the Way to Hyperinflation - 12th Feb 19
Trump’s Quest to Undermine Multilateral Development Banks - 12th Feb 19
Sheffield B17 US Bomber Crash 75th Anniversary Fly-past on 22nd February 2019 Full Details - 12th Feb 19
The 2 Rules For Successful Trading - 12th Feb 19 -
Financial Sector Calls Gold ‘Shiny Poo.’ Are They Worried? - 11th Feb 19
Stocks Bouncing, but Will They Resume the Uptrend? - 11th Feb 19
EURO Crisis Set to Intensify: US Dollar Breakout Higher
Stock Market Correction Starting? - 10th Feb 19
Gold Stocks Gather Steam - 10th Feb 19
Are Gold Bulls Naively Optimistic? - 9th Feb 19
Gold, Silver Precious Metals Update - 9th Feb 19
The Wealthy Should Prepare to Be Soaked - 8th Feb 19
US Business Confidence Is Starting to Crack - 8th Feb 19
Top Myths and Facts about ULIP Plans - 8th Feb 19
A Major Stocks Bear Market in 2020? - 8th Feb 19
Gold Market Extremes Test Your Mettle - 8th Feb 19
The Venezuela Myth Keeping Us From Transforming Our Economy - 8th Feb 19

Market Oracle FREE Newsletter

The Real Secret for Successful Trading

Trade Tariffs Defeat Globalists and Return Prosperity

Politics / Protectionism Mar 14, 2018 - 02:06 PM GMT

By: BATR

Politics

The corporate media lapdogs are economic illiterates. Their continuous preaching on imaginary virtues of 'FREE TRADE', which is a non sequitur used to rationalize corporatist globalism, has destroyed America's indigenous prosperity. These fraudulent pundits or fake news presenters are presstitutes for the transnational cartels that relish the de-industrialization of domestic enterprises. Collecting a pay check does not qualify as coherent analysis, much less achieving the real world experience of actually owning and running a business. Academics who compile graphs and statistics would find making a payroll for any venture where their own money is at stake, is lacking compared to a lowly business owner who pays themselves last. The correct history of tariffs are ignored and distorted to keep people economically dumb.


Lou Dobbs is consistently the voice of reason when he makes the case that Trump is the first president to fight back against unfair trade. "Just listen to all the usual swamp creatures. The business establishment, K Street and Business Roundtable, is howling and snarling about President Trump's insistence that U.S. trading partners no longer exploit our markets, but rather engage in fair, reciprocal, balanced trade."

Note that all these Internationalists refuse to deal with Rational Tariffs Lower Irrational Trade Deficits. All they do is to ignore that the United States has been running a trade deficit since 1975 and never admits that our de-industrialization has been an intentional objective of the monopolists.

"As historical memory diminishes and the lessons of past centuries are forgotten, the practice of systematically destroying economic independence grows. Forget about real prosperity, the concept of interdependence, coined in popular parlances by the Trilateral Commission, has made the United States economy a post industrial dependency and a bankrupt debtor. The global corporatists despise protective tariffs because these excise taxes must be paid by foreign manufacturing enterprises. Since the rush to escape American shores, the transnational ventures seek not just cheap labor, but scheme to evade any effective regulations for the paradise of third world exploitation.

America’s economy was built under the shield of tariffs. The nation became the greatest industrial engine and traded profitably with the rest of the world, when reasonable excise and duties were charged on products entering this country. Just remember, the budgets of government were paid without an income tax under this system of tariffs. Who can logically argue that the deception of Free Trade benefits our population, when the current record of trade deficits continues unabated?"

The case that Tariffs Can Restore America’s Greatness cites that the results from GATT and the WTO did not level the playing field, but allowed "so called" trading partners to dump their good into the U.S. with little push back. Also, the proper introduction of "Flexible Tariffs, when tempered with reforms in our own tax codes that require supra nationals and multinationals to enter a truly Free Enterprise environment, would greatly improve the likelihood of real competition. Consumers have been sold out with the promise of cheap foreign goods. Any short term discount has the high cost of permanent loss in American employment. When one is destitute and out of work, lower prices at Walmart won't fill the cart."

This approach defines Global Fair Trade. Contrast this solution with the detrimental practice of Free Trade that our country has been under post WWII.

"Free Trade policies destroy the incentive to produce in America. Living wages paid from equitable profits is sound economics. You know this to be true. So do the globalist! Their objective is to diminish the autonomy of the United States and force the merging of the remaining operations into select conglomerates, under the control of an international cabal of billionaires. Central planners will scheme to replace national sovereign and self sustaining economies, with approved suppliers operating under the Chinese paradigm of slave labor."

The Chinese model of exploration is the Globalist method of stripping prosperity from our own economy. The complicity of careerist politicians in this scheme of turning the U.S. into a third world sweat shop is obvious to anyone who has the courage to stare down the sycophants of their intercontinental masters. Pat Buchanan is one such person who has lead the fight against the systematic betrayal of our nation.   

Mr. Buchanan has full knowledge and a command of our history that is severely lacking in the establishment political class, who are under obligation to their corporatist donors. Put yourself in the firing line and answer Why Is the GOP Terrified of Tariffs?

"Does Senator Flake think Japan rose to post-war preeminence through free trade, as Tokyo kept U.S. products out, while dumping cars, radios, TVs and motorcycles here to kill the industries of the nation that was defending them. Both Nixon and Reagan had to devalue the dollar to counter the predatory trade policies of Japan.

Since Bush I, we have run $12 trillion in trade deficits, and, in the first decade in this century, we lost 55,000 factories and 6,000,000 manufacturing jobs.

Does Flake see no correlation between America’s decline, China’s rise, and the $4 trillion in trade surpluses Beijing has run up at the expense of his own country?

In 2017, the U.S. ran a trade deficit in goods of almost $800 billion, $375 billion of that with China, a trade surplus that easily covered Xi Jinping’s entire defense budget.

How have EU nations run up endless trade surpluses with America? By imposing a value-added tax, or VAT, on imports from the U.S., while rebating the VAT on exports to the USA. Works just like a tariff."

Folks, America's trade surrender are a root cause of the demise of our domestic economy. The DC swamp, the MSM propagandists and Transnational Davos crowd all want to see President Trump fail. They especially want to prevent a resurgence of a robust and flourishing domestic work force. The very notion of revitalizing an independent and domestic produced economy threatens the tyrannical dominance of mega elites.

How ludicrous the reporting on Fox Business News has become with their shift into a globalist backer. 11 nations sign Pacific trade pact as Trump plans US tariffs would have you believe that Trump is a renegade for opposing the Globalists. Well, his dumping of Gary Cohn is a good indication that America First economic policies are on the way back.

"It leaves the U.S. at a disadvantage from both a trade and a broader strategic perspective," said Joshua Meltzer, senior fellow in the global economy and development program at the Brookings Institution. "It is now a trade bloc that discriminates against the U.S."

The U.S., originally the biggest TPP economy, was one of the trade deal's strongest supporters before Trump took office. Trump has said he prefers country-to-country deals and is seeking to renegotiate several major trade agreements, including the North American Free Trade Agreement that includes the U.S., Mexico and Canada."

Who in their right mind would believe anything that comes out of the Brookings Institute? Actually, President Trump has fulfilled his most basic promise to sink the most egregious and detrimental multilateral central planning accords. Trump's approach to use hard bargaining practices in bi-lateral trade negotiations is pure American common sense.

What is so difficult about understanding this concept? If the TPP pact of countries wants access to the U.S. market, let them sell their products and services under reciprocal trading conditions. Dumping subsidized trade products by foreign regimes must cease. All the whining and yelling from the mass media and establishment economists will not balance our trade deficits. Apparently, this objective does not interest them and certainly the displacement of living wage domestic jobs has never been a concern.

This reality began the groundswell that elected Donald Trump, President. Since he has made the creation of domestic jobs a center piece for his economic policies, the multinational monopolists have become unhinged.

Extracting a reciprocal excise cost does not prevent trade from taking place among nations. On the contrary, it makes the long term practicality of a beneficial and mutual relationship stronger. Prosperity demands ongoing wealth creation. When the U.S. zeros out their trade deficit with foreign exploiters, the achievement of Fair Trade will be realized.            

Lastly, the most absurd argument used by cheerleaders for the one way voyage of container ships from China to Long Beach is that American consumers will have to pay higher costs for their purchases. No where within this lament is there a whisper that Total US household debt soars to record above $13 trillion.

Just maybe sweeping a credit card or hitting the order button with your mouse for foreign produced consumption has contributed to the demise and the outflow of American cash flow to overseas conglomerates. Paying the market price for domestic goods and services will contribute more to the health of our economy than any mythical promise of transitory cheap goods sold to you by the snake oil sales reps. America needs and deserves a growing national economy that is based upon homegrown enterprises. Shortsighted "Free Traders" require a re-education to the benefits of America First.

Source: http://www.batr.org/stupid/031318.html

Discuss or comment about this essay on the BATR Forum

http://www.batr.org

"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher"

© 2018 Copyright BATR - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors

BATR Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules