the biggest backers of the TPP are the same multinational corporations and bankers that got rich transferring the American technology, jobs and capital that built the Chinese threat

5-11-2015      America has stubbornly pursued trade agreements without any regard to strategic industrial policy.  Regardless of the party in the White House we’ve maintained a truly gullible approach to the rough-and-tumble of real-world global commerce. That has earned us little besides a half-century of growing net losses. The countries beating us worst are the ones with actual industrial strategies: Germany, Japan, South Korea and China. Today we are now bleeding 4 percent of GDP annually. To cover those we’ve sold our assets and accumulated a debt unknown in human history. …

It’s important to remember the biggest backers of the TPP are the same multinational corporations and bankers that got rich transferring the American technology, jobs and capital that built the Chinese threat. When supporting China’s effort to join the World Trade Organization a decade ago, they argued that trade would strengthen U.S. manufacturers and liberalize China’s communist dictatorship.   -Greg Autry  http://www.huffingtonpost.com/greg-autry/stupid-trade-gets-dangerous-tpp_b_7245966.html

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Even Donald Trump has waded into the debate, blasting Congress for empowering the president and insufficiently addressing the issue of currency manipulation by some of America’s trading partners.

“Free trade only works if you have smart leaders and great negotiators,” he said in an unsolicited telephone interview on Friday. “We’re checkers players against grandmaster negotiators.”   http://www.nytimes.com/2015/06/01/business/obamas-push-for-trade-deal-faces-bipartisan-peril-in-house.html?_r=0

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U.S. foreign policy…(forms) alliances based on international trade and finance that serve the interests of the business community but not of the nation.    -E C Prophet:  Astrology of the Four Horsemen, 1991, p. 167, see https://books.google.com/books?id=xcvg57RLeSkC&pg=PA167&dq=clare+prophet+international+trade&hl=en&sa=X&ei=nCVtVZzCCs7GogTf7ICwDQ&ved=0CDoQ6AEwAw#v=onepage&q=clare%20prophet%20international%20trade&f=false

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