Posted by
Derrick Michael Reid on Saturday, March 14, 2009 1:45:54 PM
Free Trade
There are those who claim a PPT rigs the equity markets, and a GOLD CARTEL rigs the bullion prices, and a FED rigs the fiat values, and a MINT who rigs Eagle deliveries, and, well, I guess the list goes on. I know the name of that tune. Rig Rig, everywhere they rig, blocking up my profits, wasting my time, control this, control that, cant you see the rigs?
But lets take it just one step further. As we all know, the US and China have lead the world with the Free Trade agenda. Within the last couple of months, the US has put up some 2T$ to bail out the banks and financials who have fraudulently zapped their client's money, and China just announce a whopping 600B$ to stimulate their economies to the great advantage of domestic steel industry, an international dumping industry, that will be used to support infrastructure improvements. The EU is no better, pumping money into their markets as well, subsidizing the Airbus. All, by the by, use fiat money, another form of corruption, for such purposes. And what are those purposes? To prevent an implosion? To stimulate the economies? How about to effectively subsidized corrupt markets and participants. And they all want to be corrupted. Detroit auto, and now the EU auto makers are at the begging bowl. They want to get some corruption to, while the gettin is good.
But wait a minute, direct government aid to any industry is in effect a subsidy, and is prima facie unfair international competition, just like China Steel, and EU airlines and the US auto industries. The US has an unfair advantage in the financial markets, which is now being subsidized. That bail-out money, however, is just another form of rigging, another form of corruption, as well as free market duplicity. Its called subsidizing local industry to the disadvantage for foreign industry, and that is economic discrimination, far from being anything but free, as it is controlled, as that is what the Free Traders use to call unfair competition. Not any more.
The Global Confluence as discussed in the LeMetroPoleCafe Off-Topic Forum, under "China Transforms North Korea" thread, projects replacing war and fiat with trade and gold, in the out years. The trade wars are heating up using unfair competition and using local subsidy bail outs, which trade wars have now begun in earnest, and, coincidentally, there is now talk about a gold backed international currency at the G20 that is coupled with bail outs enumerable. So, on a global free trading scale, the big world economies and their governments are engaging in inherent financial corruption, immoral bail outs, and blatant unfair competition, as the starting gun of the TRADE WARS, now, however, under supposed necessities, which bail outs are just another rig job, but, that is OK, because all now tacitly agree that fairness is no longer required under free trade.
Derrick