Sunday, May 10, 2015

Globalization: Race To The Bottom

Wanted: An economy to go with the stock market
Chinese stocks with GDP growth:


China's official policy is to inflate the stock market while the economy tanks. Wait, that's U.S. policy. Wait, that's Japanese policy. Wait, that's European policy. Wait, that's Canadian/Australian policy...

Exactly one week ago, China's stock market was on the Barron's cover (below). Zerohedge said it was the kiss of death. Chinese stocks fell 8.5% on the week:

-8.5% Thanks Barron's !!!


And to cap it all off, another "free trade deal"
ZH: May 10, 2015
It's an unholy alliance between Obama aka. the Republican Manchurian Candidate, and Crony Republicans.
"Over the past four decades of free trade, America, cites Buchanan, has lost 55,000 factories and 5-6 million manufacturing jobs, all while racking up $11 trillion dollars in trade deficits."

"So, who, if anyone, benefits by so-called “free trade?” Only the multinational corporations set “free” to scour the earth for the hottest sweatshops and the cheapest labor. Free trade is a global race to the bottom."

“Many of the advisory committees — including those on chemicals and pharmaceuticals, textiles and clothing, and services and finance — are made up entirely of industry representatives.”

"Where are the hair-on-fire Republicans incensed over the imperial presidency of Barack Obama? Firmly in Obama’s camp! The self-proclaimed party of the Constitution, the family, and God seems only too happy to sell out all three to its prime constituencies: Wall Street and K-Street. Buchanan admits the painful truth: “Fast Track is the GOP payoff to its bundlers and big donors.”

"According to provisions of the TPP, a fossil-fuel company in a signatory nation could then sue the U.S. for lost profits, real or imagined."

The real prices at Walmart are wholly unaffordable. But don't tell anyone, it's all going to come as a big surprise

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