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Thursday, October 13, 2011

The Market Ticker - "Free Trade" = Free Financial Rapes

The Market Ticker - "Free Trade" = Free Financial Rapes

And nowhere is it more evident than in the trade balance report for this month.
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total August exports of $177.6 billion and imports of $223.2 billion resulted in a goods and services deficit of $45.6 billion, virtually unchanged from July, revised. August exports were $0.1 billion less than July exports of $177.7 billion. August imports were $0.1 billion less than July imports of $223.3 billion.
We are constantly told how "free trade" is good for America, and how it boosts our exports (and thus helps GDP - and employment.)
The truth is something else entirely.  Indeed, at this point one can no longer claim this is a "mistake"; it's an intentional fraud that is pushed by multinational corporations and the politicians in their pockets.  How can one realistically argue with this chart?

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