Tag: TPP

LETTER TO MEGYN KELLY

Guest Post by Gayle

 

To: [email protected]

From Gayle D.

Date: Wednesday, June 10, 2015 5:54 AM

Dear Ms. Kelly

I watch your show pretty regularly. I think you are an excellent news broadcaster and a charming person. You have a prime time slot enabling you to inform and influence millions of people every day.

I am saddened to see that you are neglecting one of the most critical stories of the year, month, week: the House Republican leadership boldly helping President O. achieve passage of the top-secret Trans Pacific Partnership agreement, which is plainly yet another initiative to weaken this country on several fronts. In fact, from what has been leaked, it has the potential to basically destroy our national sovereignty.

Ironically, the President’s own party is alarmed at this legislation and is trying to block it because of the further bleeding of American jobs it will yield. The Pres. and the Republicans are attempting to fast-track the treaty, abdicating their duty to their constituents and the nation as a whole to publicly discuss and analyze such a critical piece of legislation. Apparently the GOP is now OK with the Pelosi Doctrine, “You have to pass it so you can see what it says.” The hypocrisy is breathtaking, don’t you think?

I appreciate your concern with the Duggar situation. I understand you are worried about the two escaped convicts running around. What I don’t get is why these issues are worth a lot of air time, but the TPP isn’t. As an American who grows more cynical and angry at the shenanigans and corruption in DC, I believe you don’t report this story because it doesn’t line up with someone’s agenda at FNC. How you reconcile this personally is none of my business. I understand you have a wonderful job.

I’m so thankful for the alternative media sites that inform and educate me about topics the mainstream media (yes, Fox is one of ‘em) suppresses. Truly, the alphabet networks and Fox grow more irrelevant by the day.

One more thing: Please stop trotting out Dana Perino to comment negatively on Rand Paul’s campaign whenever he says something controversial. It’s the Agenda again.

Have a nice day.


Rule By The Corporations

TTIP: The Corporate Empowerment Act

Guest Post by Paul Craig Roberts

The Transatlantic and Transpacific Trade and Investment Partnerships have nothing to do with free trade. “Free trade” is used as a disguise to hide the power these agreements give to corporations to use law suits to overturn sovereign laws of nations that regulate pollution, food safety, GMOs, and minimum wages.

The first thing to understand is that these so-called “partnerships” are not laws written by Congress. The US Constitution gives Congress the authority to legislate, but these laws are being written without the participation of Congress. The laws are being written by corporations solely in the interest of their power and profit. The office of US Trade Representative was created in order to permit corporations to write law that serves only their interests. This fraud on the Constitution and the people is covered up by calling trade laws “treaties.”

Indeed, Congress is not even permitted to know what is in the laws and is limited to the ability to accept or refuse what is handed to Congress for a vote. Normally, Congress accepts, because “so much work has been done” and “free trade will benefit us all.”

The presstitutes have diverted attention from the content of the laws to “fast track.” When Congress votes “fast track,” it means Congress accepts that corporations can write the trade laws without the participation of Congress. Even criticisms of the “partnerships” are a smoke screen. Countries accused of slave labor could be excluded but won’t be. Super patriots complain that US sovereignty is violated by “foreign interests,” but US sovereignty is violated by US corporations. Others claim yet more US jobs will be offshored. In actual fact, the “partnerships” are unnecessary to advance the loss of American jobs as there is nothing that inhibits jobs offshoring now.

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WHY STOCKS WILL CRASH IN TWO CHARTS

“Things always become obvious after the fact” – Nassim Nicholas Taleb

“Facts do not cease to exist because they are ignored.”  – Aldous Huxley

The S&P 500 currently stands at 2,126, fractionally below its all-time high. It is now 300% above the 2009 low and 34% above the 2008 and 2001 previous highs. Most people believe this is the new normal. They are comfortably numb in their ignorance of facts, reality, the truth, and the inevitability of a bleak future. When the herd is convinced progress and never ending gains are the norm, the apparent stability and normality always degenerates into instability and extreme anxiety. As many honest analysts have proven, with unequivocal facts and proven valuation measurements, the stock market is as overvalued as it was in 1929, 2000, and 2007.

Facts haven’t mattered, as belief in the infallibility and omniscience of Federal Reserve bankers, has convinced “professionals” to program their high frequency trading supercomputers to buy the all-time high. If central bankers were really omniscient and low interest rates guaranteed endless stock market gains, then why did the stock market crash in 2000 and 2008? The Federal Reserve’s monetary policies created the bubbles in 2000, 2007 and today. There was no particular event which caused the crashes in 2000 and 2008. Extreme overvaluation, created by warped Federal Reserve monetary policies and corrupt Washington D.C. fiscal policies, is what made the previous bubbles burst and will lead the current bubble to rupture.

Benjamin Graham and John Maynard Keynes understood how irrational markets could be over the short term, but eventually they would reach fair value:

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Graham

“The market can stay irrational longer than you can stay solvent.” – Keynes

Graham’s quote reflects the difference between hope and reality. This explains the ridiculous overvaluation of Amazon, Shake Shack, Twitter, Linkedin, Tesla, Google, and the other high flying new paradigm stocks. Story stocks soar because the herd believes the stories peddled by Wall Street and company executives. Five of these six stocks don’t have a PE ratio because you need earnings to calculate a PE ratio. In the long run the market will weigh the value these companies based upon profits and cashflow. It is the same story for the market as a whole. There is no question who is to blame for what now amounts to a three headed hydra of bubbles poised to burst.

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Obama’s Republican Collaborators

Obama’s Republican Collaborators

Guest Post by Patrick J. Buchanan

The GOP swept to victory in November by declaring that this imperial presidency must be brought to heel, and President Obama’s illicit seizures of Congressional power must end.

That was then. Now is now.

This week, Congress takes up legislation to cede His Majesty full authority to negotiate the largest trade deal in history, the 12-nation Trans-Pacific Partnership, and to surrender Congress’ right to amend any TPP that Obama might bring home.

Why the capitulation? Why would Republicans line up to kiss the royal ring? Is Middle America clamoring for “fast track”? Are blue-collar workers marching in the streets to have Congress grant “Trade Promotion Authority Now!” to Barack Obama?

No. Pressure for fast track is coming from two sources.

First, the editorial pages of papers like The Wall Street Journal and The Washington Post that truckle to the transnational corporations that provide the advertising revenue stream keeping them alive.

Second, Obama is relying on Congressional Republicans who, for all their bravado about defying his usurpations, know on which side their bread is buttered. It’s the Wall Street-K Street side.

Fast track is the GOP payoff to its bundlers and big donors.

And so, we must hear again all the tired talking points about free trade, soaring exports, jobs created, etc.

But what is reality of the last quarter century of “free trade”?

The economic independence that enabled us to stay out of two world wars — until we chose to go in and help win them swiftly — is history.

We are a dependent nation now. We rely on imports for the necessities of our national life and the vital components of our weapons systems. Hamilton must be turning over in his grave.

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