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By Michael Snyder
Economic Collapse Blog
August 15, 2014
Back in the early 1990s, the North American Free Trade Agreement was one of the hottest political issues in the country. When he was running for president in 1992, Bill Clinton promised that NAFTA would result in an increase in the number of high quality jobs for Americans that it would reduce illegal immigration. Ross Perot warned that just the opposite would happen.
He warned that if NAFTA was implemented there would be a “giant sucking sound” as thousands of businesses and millions of jobs left this country. Most Americans chose to believe Bill Clinton. Well, it is 20 years later and it turns out that Perot was right and Clinton was dead wrong. But now history is repeating itself, and most Americans don’t even realize that it is happening. As you will read about at the end of this article, Barack Obama has been negotiating a secret trade treaty that is being called “NAFTA on steroids”, and if Congress adopts it we could lose millions more good paying jobs.
It amazes me how the American people can fall for the same lies over and over again. The lies that serial liar Barack Obama is telling about “free trade” and the globalization of the economy are the same lies that Bill Clinton was telling back in the early 1990s. The following is an excerpt from a recent interview with Paul Craig Roberts…
I remember in the 90′s when former Presidential candidate Ross Perot emphatically stated that NAFTA (North American Free Trade Agreement) would create a giant “sucking sound” of jobs being extracted away from the U.S. He did not win the election, and NAFTA was instituted on Jan. 1, 1994. Now, 20 years later, we see the result of all the jobs that have been “sucked away” to other countries.
According to an article by the Economic Policy Institute on 1/3/14:
“Clinton and his collaborators promised that the deal would bring “good-paying American jobs,” a rising trade surplus with Mexico, and a dramatic reduction in illegal immigration. Considering that thousands of kids are pouring over the border as we speak, well, how’d that work out for us?
Many Americans like to remember Bill Clinton as a “great president” for some reason. Well, it turns out that he was completely and totally wrong about NAFTA. The following are 20 facts that show how NAFTA is destroying the economy…
#1 More than 845,000 American workers have been officially certified for Trade Adjustment Assistance because they lost their jobs due to imports from Mexico or Canada or because their factories were relocated to those nations.
The Trans-Pacific Partnership Only Enriches The Oligarchs
Solidarity Will Build the Power Needed to Transform Trade so People and Planet Come Before Profits
The moment facing the Trans-Pacific Partnership and its sibling the Trans-Atlantic Trade and Investment Partnership (known as ‘TAFTA’) and the future approach to trade is reaching a critical stage. The TPP and TAFTA are attempts to get past the failed World Trade Organization (WTO) negotiations, but like the WTO, these new agreements are meeting significant opposition and obstacles. We are poised to stop these attempts to rig the international economy in favor of multinational corporations and move to a new model of trade that respects the rights of people and nature, but it will take a coordinated effort. We must be prepared for moves to thwart that effort and organize to avoid them.
The TPP and TAFTA represent a new era of deception and back-room dealing to pass laws that have nothing to do with trade, but that hand even greater power to multinational corporations to profit from everything no matter the consequences for the health of people and the planet. For the first time, the text of the agreements has been classified and they are being negotiated in secret with hundreds of corporate advisers and minimal involvement by Congress. In order to complete the agreements without transparency and public input, the President has asked Congress to grant him the authority to sign them, ‘Fast Track,’ a form of Trade Promotion Authority.
As elections get closer, Democratic Party leaders in Congress are getting the message out to inside-the-beltway activists groups that they are unifying to support giving President Obama some form of Fast Track. Recent letters from member of Congress to the President indicate support for trade with particular stipulations, but the overall message is to continue negotiating. Washington advocacy groups believe that they must also show support for Fast Track or they will find themselves without access or influence.
By Brandon Smith
July 4, 2014
In the mid-sixties at the height of the “social revolution” the line between democratic benevolence and outright communism became rather blurry. The Democratic Party, which controlled the presidency and both houses of Congress, was used as the springboard by social engineers to introduce a new era of welfare initiatives enacted in the name of “defending the poor”, also known as the “Great Society Programs”. These initiatives, however, were driven by far more subversive and extreme motivations, and have been expanded on by every presidency since, Republican and Democrat alike.
At Columbia University, sociologist professors Richard Cloward and Francis Fox Piven introduced a political strategy in 1966 in an article entitled 'The Weight Of The Poor: A Strategy To End Poverty'. This article outlined a plan that they believed would eventually lead to the total transmutation of America into a full-fledged centralized welfare state (in other words, a collectivist enclave). The spearpoint of the Clowan-Piven strategy involved nothing less than economic sabotage against the U.S
Theoretically, according to the doctrine, a condition of overwhelming tension and strain could be engineered through the overloading of American welfare rolls, thereby smothering the entitlement program structure at the state and local level. The implosion of welfare benefits would facilitate a massive spike in poverty and desperation, creating a financial crisis that would lead to an even greater cycle of demand for a fully socialized system. This desperation would then “force” the federal government to concentrate all welfare programs under one roof, nationalize and enforce a socialist ideology, and ultimately, compact an immense level of power into the hands of a select few.
A Plan Only Banksters Would Love!
June 25, 2014
The significance of the TPP -Trans-Pacific Partnership Agreement and the TTIP - Transatlantic Trade and Investment Partnership Agreement has your head spinning already, now add another globalist gift to the Corporatocracy model of total trade domination, the TISA - Trade In Services Agreement. According to the trade group, Coalition of Service Industries, "the TISA is currently being negotiated in Geneva, Switzerland with 50 participants that represent 70 percent of the world's trade in services . . . The TISA has the opportunity to address major and fundamental barriers to trade in services affecting the United States and the globe. Some barriers to services trade include limited movement of data across borders, unfair competition from state-owned enterprises, lack of transparency and need for due process of law, and forced local ownership and discrimination in obtaining business licenses and permits."
What a noble goal, Transparency. When did you hear about this updated GATS and WTO agreement? Well, if you are watching the pressitute media, you probably are in the dark. However, the Office of United State Trade Representative just loves formulating international rules, requirements and regulations, since the benefits are so dramatic. "If business services were to achieve the same export potential as manufactured goods globally, U.S. exports could increase by as much as $800 billion."
Just one question, that never seems to get an answer. Why do all these "so called" beneficial trade agreements doom the United States to a permanent balance of trade deficit?
Read full story here.
As World Economic Forum starts in Davos, development charity claims growing inequality has been driven by 'power grab'
By Graeme Wearden
January 20, 2014
The InterContinental Davos luxury hotel in the Swiss mountain resort of Davos. Oxfam report found people in countries around the world believe that the rich have too much influence over the direction their country is heading. Photograph: Arnd Wiegmann/REUTERS
The world's wealthiest people aren't known for travelling by bus, but if they fancied a change of scene then the richest 85 people on the globe – who between them control as much wealth as the poorest half of the global population put together – could squeeze onto a single double-decker.
The extent to which so much global wealth has become corralled by a virtual handful of the so-called 'global elite' is exposed in a new report from Oxfam on Monday. It warned that those richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world's population.
Source: F. Alvaredo, A. B. Atkinson, T. Piketty and E. Saez, (2013) ‘The World Top Incomes Database’, http://topincomes.g-mond.parisschoolofeconomics.eu/ Only includes countries with data in 1980 and later than 2008. Photograph: Oxfam
The wealth of the 1% richest people in the world amounts to $110tn (£60.88tn), or 65 times as much as the poorest half of the world, added the development charity, which fears this concentration of economic resources is threatening political stability and driving up social tensions.
Moyers & Company
August 4, 2013
Here in the richest country on earth, 50 million of us — one in six Americans — go hungry. More than a third of them are children. Debates on how to address hunger – in both Congress and the media — are filled with tired clichés about freeloaders undeserving of government help, living large at the expense of honest, hardworking taxpayers. But the documentary A Place at the Table paints a truer picture of America’s poor.
By Michael Snyder, Contributor
Every single day more Americans fall into poverty. This should deeply alarm you no matter what political party you belong to and no matter what your personal economic philosophy is.
Right now, approximately 100 million Americans are either "poor" or "near poor". For a lot of people "poverty" can be a nebulous concept, so let's define it.
The poverty level as defined by the federal government in 2010 was $11,139 for an individual and $22,314 for a family of four.
Could you take care of a family of four on less than $2000 a month?
Millions upon millions of families are experiencing a tremendous amount of pain in this economy, and no matter what "solutions" we think are correct, the reality is that we all should have compassion on them. Sadly, things are about to get even worse. The next major economic downturn is rapidly approaching, and when it hits the statistics posted below are going to look even more horrendous.
When it comes to poverty, most Americans immediately want to get into debates about tax rates and wealth redistribution and things like that.
But the truth is that they are missing the main point.
Part of elite’s “planned-opolis” agenda to reduce living standards
By Paul Joseph Watson
May 16, 2012
The World Wildlife Fund has released a report which calls for all carbon emissions to be banned by 2050 and for the entire human population to live in a state of poverty in the name of preserving rare species and saving the planet.
“Extremist green campaigning group WWF – endorsed by no less a body than the European Space Agency – has stated that economic growth should be abandoned, that citizens of the world’s wealthy nations should prepare for poverty and that all the human race’s energy should be produced as renewable electricity within 38 years from now. Most astonishingly of all, the green hardliners demand that the enormous numbers of wind farms, tidal barriers and solar powerplants required under their plans should somehow be built while at the same time severely rationing supplies of concrete, steel, copper and glass,” reports the Register.
The World Wildlife Fund’s new report, entitled Living Planet Report for 2012, cites its own narrowly defined and agenda-driven ‘Living Planet Index’ to claim that the “overall state of global biodiversity” is in crisis and that rare species like tigers (presumably not including the ones shot dead by WWF President Prince Philip), are in decline because humans in richer countries enjoy too high living standards.
Speculators set up a casino where the chips were the stomachs of millions. What does it say about our system that we can so casually inflict so much pain?
By Johann Hari
By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You're wrong. There's more. It turns out that the most destructive of all their recent acts has barely been discussed at all. Here's the rest. This is the story of how some of the richest people in the world – Goldman, Deutsche Bank, the traders at Merrill Lynch, and more – have caused the starvation of some of the poorest people in the world.
It starts with an apparent mystery. At the end of 2006, food prices across the world started to rise, suddenly and stratospherically. Within a year, the price of wheat had shot up by 80 per cent, maize by 90 per cent, rice by 320 per cent. In a global jolt of hunger, 200 million people – mostly children – couldn't afford to get food any more, and sank into malnutrition or starvation. There were riots in more than 30 countries, and at least one government was violently overthrown. Then, in spring 2008, prices just as mysteriously fell back to their previous level. Jean Ziegler, the UN Special Rapporteur on the Right to Food, calls it "a silent mass murder", entirely due to "man-made actions."