Budget Sequestration Prevents US Free Trade Negotiations, All Of Which Are Total Failures Anyways

Graph: Balance on Current Account (BOPBCA) – FRED – St. Louis Fed

The US trade deficit  has grown to gigantic oceans of red ink thanks to the ‘Free Trade’ theology.  This system makes the top 1% obscenely rich while destroying wages of all Americans.  We now have virtually no protection of native jobs or industries and this shows up in many ways.  At first, Americans celebrated cheap imported foreign goods but ever since free trade began, US working wages have either stagnated or collapsed and the job situation for the lower classes has deteriorated greatly and many now seek to be thugs, robbers, drug dealers and other illegal professions leading to a huge overload in the prison system and a high death rate for the poor and social disintegration wrecking entire cities as if someone bombed them.

After Congress’s Pinch, Envoys Say, U.S. Trade Suffers for Want of Jet Fare – NYTimes.com

 

Cutting the overseas travel budget of a few dozen trade negotiators hardly seems a comparable threat to America’s national security. Yet it could have as large a ripple effect on the nation’s global competitiveness as the budget cuts squeezing the Pentagon under the austerity program known as sequestration.

The Office of the United States Trade Representative has been waging a lonely battle for its budget, which shrank 7 percent to $47 million this year because of sequestration spending caps. Officials in the office, pointing to the 2014 budget proposal in the Republican-controlled House, fear that they could end up with even less money next year.

 

The above graph clearly shows that all these stupid trade negotiations have been a total, historical, utter failure.  The fact that our media ignores this always pisses me off. Liberal alternative media barely mentions this and right wing positively ignores this.  Only a lonely few of us discuss this at all!  My clarion calls since day one that the #1 danger to our nation is our trade deficit is ignored by nearly everyone.  Now look at the graph below:

Balance on Investment Income (BOPBII) – FRED – St. Louis Fed

This is the banking money sent overseas to make the rich richer.  Note too that this is a classic hockey stick graph!  ALL hockey stick graphs show immanent collapse.  All hockey stick graphs showing the growth of anything, once it begins to head to infinity, turns suddenly and drops to zero or mirror negative numbers. This is true in all natural and interestingly enough, all unnatural systems.

 

This is due to the harsh fact, NOTHING in creation can EVER go to infinity.  Nothing.  This is why astronomers who think the universe will expand faster and faster forever are wrong.  The universe, in fact, may already be collapsing into itself.  The US BOPBII business is on the verge of collapse.  Right now, Japan is desperate to keep its huge trade surplus with the US growing and deliberately doubled the yen money making machine in the Bank of Japan.

 

This temporarily moved the yen from 72 to over 100 to the dollar.  Last week, the yen grew stronger and the export cartel in Tokyo freaked out so today, the yen grew weaker again as they frantically pump the Bank of Japan to overtly manipulate their currency so they can continue to destroy our domestic economy.  The US which belly ached about this currency manipulation business remains totally silent as does our media which isn’t infuriated with the violation of trade rules set up by the floating fiat currency/free trade negotiators.

 

The NYT is pro-free trade and thus, never ever mentions the trade deficit.  In the above article, an example of trade negotiations suffering from lack of travel money for the jerks who do these idiotic, fatal deals, is all about South Korea.  Supposedly, we will have more ‘free trade’ with them and this will sell more US cars in South Korea!

 

HAHAHA.  As if!  SK population is much, much smaller than the US.  They export far more cars than they import.  And they have zero intention of importing much of anything and the market there can’t take it, anyhow.  Like Japan.  Our trade deficit is no longer plunger deeper and deeper into the red but is floating fatally far into the red and this can’t go on forever.  We lost trillions this way so far and can’t do this forever.  It is impossible.

 

And fatal.  And all of Congress bellows about ‘jobs’ while working insidiously to export investment money and import foreign labor goods.  Thanks to our corrupt election system.

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