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By MELISSA WHITTINGTON

On this glorious day celebrating Obama’s exodus to Copenhagen to auction off as much of America’s wealth as he can to the highest global bidder, I thought I’d break down the story of “Cap & Tax.”

If you don’t know who George Soros is, you need to. He’s one of the richest men in the world. He’s also the figurehead of the environmental, go-green movement, a huge tree hugger. He was the founder of Center for American Progress. There are multiple off shoots, most of them political activist groups, such great organizations as MOVEON.org. Heard of them? THEY GOT BARACK OBAMA ELECTED. And how about the Secretary Of State Project? This is a group he funds to ensure that liberals are seated in the most powerful position to support his VOTER FRAUD AGENDA. Surprising, right? Not so much.

Just on the heels of Obama(S)care will be the much talked about “Cap & Trade,” lovingly known to us fiscal conservatives as Cap & Tax-the-Crap-Out-Of-Americans.

The premise behind this legislation is to put a cap on the amount of carbon dioxide (CO2) that any one person or corporation can emit, then creating a “stock exchange” for environmental credits for these units of CO2. The government will auction off these credits. Guess how much money they think they’ll get from this– $860 BILLION. That’s as much as the healthcare legislation. So take that monstrosity of healthcare, and then DOUBLE IT. That’s $3.5 trillion of Americans’ dollars (minimum) being sucked out of our economy and sent to the government. When they say “redistribute wealth”, boy they’re not messing around!

Environmental activists keep telling us that CO2, that stuff you breath out of your mouth and that neat stuff that is the “bubble” of champagne, is the cause of “global warming.” Most recently, though, the group that started this fallacy of “warming” claimed that they could not produce the original raw data that the research paper was based on, because they DELETED IT. They actually had the audacity to claim that they didn’t have the hard drive space to keep it. NO REALLY. THEY DID.

As a result, Democrats have had to shift their language a bit. Now it’s “global climate change.” (Reminds me of “healthcare” vs. “insurance” reform.)  It has been discovered that since 1998, the past eleven years, THE EARTH HAS ACTUALLY BEEN COOLING. Wow. Imagine that.

So these folks that were originally stumping for cap & tax to save the world from heating up and killing everybody, are now saying that ANY and ALL climate changes are bad and we’ll all still die if we don’t do something. Keep in mind, of course, that they still can’t prove that any climate change is even man made, let alone by CO2. The current estimates say that “man made” CO2 ranges anywhere from 2% to 5% of the CO2 produced in the world. Most of it, 95%, is produced NOT by man, but rather nature. So if we all stopped breathing, living, moving and being productive, the most we could hope for would be a 5% reduction worldwide! And Obama is trying to commit us to 17% ? He must be using the same math that he used when counting all those fake jobs his “stimulus” saved, but I digress.

This cap & tax scheme dreamed up by Democrats would attempt to put high taxes on anything that DOES emit CO2 (btw: since you’re part of the problem the EPA would technically have a legal right to control your every movement…literally). So any manufacturing of any kind that uses energy (because all forms of energy currently used in the U.S. produce CO2) would have their costs of business increase significantly. And we all know what that means! THE COSTS OF GOODS AND SERVICES WOULD INCREASE SIGNIFICANTLY.

Obama himself said that “electricity rates would necessarily skyrocket.” And this was even during the campaign. What were people thinking? Does this sound like a good idea to YOU?

You’ll be getting taxed by your federal gov’t every time you turn on a light, or the TV, or use the phone! And if you’re getting taxed, you know that businesses are getting taxed even more, which means the costs of goods and services are going to “necessarily skyrocket” as well. Add the healthcare taxes, the “value added tax,”or federal sales tax that Obama and Pelosi want to enact, and we’re talking about seeing some serious hikes in the costs we’ll see on everything. Add to that the looming inflation that Obama is causing, and our quality of life is going to decline. Obama, you lie! ( I love saying that! )

Now, the premise of these nuts is that if we tax folks, that we can use that money collected from those taxes to invest in “green” energy, more recently referenced as “green jobs.” Keep in mind, that when Spain instituted a similar cap & trade system in their country, it killed their economy; jobless rates soared into double digits, AND THIS WAS BEFORE THE RECESSION!

Spain actually did a lengthy, in-depth report on the destruction to its economy that this cap & tax system caused. It was devastating. They have been working on a Cap & Tax system for more than 10 years. And guess what? THEY SAY IT DOESN’T WORK. They also pointed to this report and told Obama NOT TO DO IT IN AMERICA because it will force the loss of 11 million jobs in America, and that’s IF it creates the 3 million he claims. Check out Page 7. Their report details how each “green job” cost over $1 million to create, and most were temporary. But the really scary finding was that for every 1 “green job” (temporary or otherwise) 2.5 private sector jobs were lost. They’re unemployment rate is in the 20% range right now. Wow. Keep in mind that the Dem Cap & Tax scheme looks EERILY similar to Spain’s.

This mere fact of massive job losses, which wouldn’t be hard to deduce even WITHOUT Spain as an example, might be why the Cap & Tax legislation includes an entirely new welfare entitlement for the massive amounts of Americans who are going to lose their jobs as a result of this legislation. NO KIDDING. IT REALLY SAYS THAT. Read Part 2, Section 312, S.1733.

These Democrats want to tax our very way of life, stop drilling for oil, put the coal industry COMPLETELY OUT OF BUSINESS (say goodbye to states like Kentucky) and redistribute all those HUNDREDS OF BILLIONS of tax dollars TO THEIR LIBERAL FRIENDS AND THIRD WORLD DICTATORS. Just today Hillary Clinton told the U.N. that we’d commit to $100,000 MILLION. Otherwise known as $100 BILLION. I’d say a better idea might be to give them a healthy dose of our democracy, freedom and second amendment.

But it gets worse.  Remember that “stock market for carbon”? Barack Obama has a financial interest in the Chicago Carbon Exchange, also known as Chicago Climate Exchange. He was one of the founding board members. This is the equivalent of the New York Stock exchange, except instead of trading stocks, this would trade “carbon credits.” It would be where you could buy and sell your “carbon” tickets that would allow you to emit carbon, a.k.a – would allow you to use energy.

The Chicago Carbon Exchange is actually a foreign owned company, with the third largest stakeholder being….drum roll please…GOLDMAN SACHS.  That’s the bank that Obama said was too big to fail. That’s also the bank where he skimmed all of his economic cabinet posts. That’s right. Many of Obama’s financial & economic advisors came from GOLDMAN SACHS. This company received tens of billions of tax payer dollars, and now it is THRIVING again. MAKING BILLIONS MORE.

This Chicago Carbon Exchange has been created with BILLIONS of investment dollars from this foreign company and Goldman Sachs. But guess how much their investment is worth?

NOTHING………UNLESS CAP & TRADE LEGISLATION PASSES. THEN IT’S A NEVER ENDING COFFER OF TAX PAYER DOLLARS GENERATED FROM THE CAP & TAX SCHEME OF THE DEMOCRATS.

This legislation would also raise the cost of fossil fuels to astronomical levels in the U.S., levels that would rival Europe’s. It puts a halt to any additional nuclear plant construction (THE CLEANEST FORM OF ENERGY IN THE WORLD TODAY), and redirects your tax dollars to invest in the development of solar & wind. Do you know that currently these two sciences are barely holding on to double digit efficiencies? And I ain’t talkin’ about HIGH ones: 35% to 40% MAX. And did you also know that the energy generated by these two sources CANNOT BE STORED.

I won’t go into the physics of it (I’m an engineer), but trust me. The only way to “store” wind & solar energy is in a battery. And with the number and size of batteries that would be required to power just one home, HAVEN’T WE DEFEATED THE PURPOSE OF BEING ENVIRONMENTALLY FRIENDLY?

Now, since these alternative “green” sources of power will be sucking up our monetary resources, without providing the necessary energy to run this country, oil & gas prices will SOAR. And since this bill also puts further restrictions on any further exploration or drilling FOR THE U.S., we will be FORCED TO BUY OIL FROM OTHER COUNTRIES. Add to that the recent development that the middle eastern OPEC nations are, for the first time ever, dropping the dollar as the measure of value of oil. Yup. Obama has seriously devalued our currency THAT FAR. OPEC is creating a new currency that oil will be sold under. I can just imagine what THAT exchange rate is going to look like.

Now, doesn’t this seem to defeat the purposes of reducing “dependence on foreign oil”?

Additionally, did you know that Obama gave $2 billion in tax payer dollars for off-shore oil drilling recently? Yup, he sure did….in BRAZIL! It was part of that now infamous “stimulus” bill. I wonder how many jobs it created.

You heard me. He is disallowing us from seeking our OWN resources, but he’s giving BILLIONS to foreign countries to find oil that they can sell to us,  which is weird, considering the U.S. is the single largest clearinghouse of energy resources.

Now, this isn’t just ANY oil company. It’s a state run oil company of Brazil. One that just happens to have foreign investors…foreign investors like GEORGE SOROS, THE VERY SAME MAN PUSHING FOR CAP & TAX LEGISLATION IN THE UNITED STATES!

Do you think ANY of this is a coincidence?  IF ANYONE TELLS YOU THAT THIS GREEN MOVEMENT IS GOING TO SAVE YOU MONEY LONG TERM……THEY’RE LYING OR THEY’RE IGNORANT OF ENERGY CONSUMPTION & FACILITIES CONSTRUCTION.

The entire world economy would have to be LITERALLY halted to meet the environmentalists’ movement of “reducing greenhouse gasses” as a way to stop “global warming,” which ISN’T EVEN HAPPENING. And that’s WITHOUT the fiasco of “climate-gate” that recently popped up. That helped seal the deal for a lot of folks, but most knew it was crap to begin with.

Most of this ridiculousness is driven by the United Nations. I’m not sure that there needs to be further explanation because everyone knows that those fools can’t manage a 2^nd grade Valentine’s Day party, let alone a global initiative. But that’s exactly what they’re proposing. The U.N.’s vision of “climate change” includes Americans giving up their sovereignty to be governed by a group of dictatorial third world terrorists.  Think PITCHFORKS & MUSKETS. Ain’t happenin’.

If you pay taxes, and only 60% of Americans do irritatingly enough, your taxes will most DEFINITELY go up, and this is why: for those of us that are already paying, it’s easy to “raise” ours, but you lose an entire sector of “entitlement mentality” voters if you broaden out the taxpayer rolls, so Dems don’t want to do THAT, GOD FORBID. And since ALL ENERGY costs are going to SKYROCKET (Obama’s words, not mine) someone will have to pay. And the 60% of us paying will be required to REDISTRIBUTE OUR INCOME TO THOSE FOLKS WHO “CAN’T HANDLE” THE ENERGY COST INCREASE. Seeing a theme yet? A provision of this bill will add an additional tax to YOUR MONTHLY ELECTRIC BILL (on top of the already exorbitant new rates) so that the gov’t can take that money and give it to someone on welfare who won’t be able to afford their own electric bill because of these aforementioned “skyrocketing” costs. Nice, right?

Now, if all of that didn’t convince you, listen to these two neat folks. They’re lawyers for the EPA that live in California, AND THEY THINK CAP & TAX IS CRAP. Obama was having a bad day when THIS his YouTube.

I’m quite certain that this will be a fiasco on the level of ObamaCare, so contact your legislators and give them a head’s up: AMERICANS AREN’T TAKING THE BULL ANYMORE.

MELISSA WHITTINGTON is a conservative political activist trapped in the body of a civil engineer in the desert of Phoenix, Arizona.  See more at http://www.RightlyConservative.com.

By ROBERT STARK

The ADL is accusing the New York Times‘ Maureen Dowd of anti-semitism over a recent op-ed titled “Virtuous Bankers? Really!?!”   The article is about corruption on Wall Street specifically involving Goldman Sachs. In a letter to the Editor in the NYT, ADL National Chair Robert G. Sugarman stated, “While one can agree or disagree with Maureen Dowd’s portrayal of Goldman Sachs and other bankers (column, Nov. 11), her statement that “the bankers who took government money and then gave out obscene bonuses are the same self-interested sorts Jesus threw out of the temple” potentially raises one of the classic themes of anti-Semitism linking Jews and abhorrent money-lending practices. However unintentional, Ms. Dowd’s invoking the New Testament story to illustrate our current financial mess conjures up old prejudices against Jews.”

Writing in The New Jersey Jewish News Menachem Rosensaft and Jason H. Dolinsky also suggested that Dowd’s article was anti-Semitic, saying, “We have heard these terms far too often to let them pass. Anti-Semitic tracts and Web sites are replete with references to “blood-sucking Jews.” And Ms. Dowd is too intelligent not to have realized that the depiction of Jews as greedy money-lenders has resulted in persecution and pogroms over the course of the past two millennia. Ms. Dowd has given new life to such ancient anti-Semitic incitements. We dread the prospect of swastikas smeared outside Goldman Sachs offices, or of learning that some street hood, inspired by Ms. Dowd’s column, broke an observant Jew’s leg shouting “let Goldman Sachs buy you a new leg. At a time when a virulent Judaeophobia is on the rise, especially in Europe and throughout much of the Muslim world, politicians, journalists and columnists have a responsibility to refrain from using inflammatory anti-Semitic code words. Our constitutionally guaranteed freedom of speech does not bestow on any of us a license to incite to bigotry or violence.”

Dowd was refering to an interview given by Goldman Sachs CEO Lloyd Blankfein where he said, “He understands that a lot of people are “mad and bent out of shape” at blood-sucking banks. He added “I know I could slit my wrists and people would cheer.” Dowd is right when she states that “Blankfein’s trickle-down catechism isn’t working. Now we have two economies. We have recovering banks while we have 10-plus percent unemployment and 17.5 percent underemployment. The gross thing about the Wall Street of the last decade is how much its success was not shared with society.”

Dowd discuses Matt Taibbi who was also called an anti-Semite for his critique of Goldman Sachs in Rolling Stones Magazine. Taibbi was accused of anti-Semitism in his critic of Goldman Sach’s greed and financial exploitation for saying, “the first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Taibbi never said anything anti-Jewish in his article but due to the fact that Goldman Sachs is associated by many as being a Jewish institution his criticism of the firms financial parasitism brought about that accusation from many.

Dowd wrote another article a while back in the NYT titled “Blue Eyed Greed”, in which she agreed with Brazil’s president Lula that the financial crisis “was caused by the irrational behavior of white people with blue eyes, who before the crisis appeared to know everything and now demonstrate that they know nothing.” Dowd added “it is true, of course, that the upper-crust, underwhelming Anglo-Saxon leaders who allowed America’s financial markets to morph into louche casinos, George W. Bush and Dick Cheney, were very, very white men with blue eyes.”

The ADL and the establishment media were silent over Dowd’s assertions about Anglos being responsible for the financial crisis; however, now the ADL is accusing her of anti-Semitism for an article that does not mention anything about Jews.

Journalist Philip Weiss’s correspondent, Geof Gray commented about this on Weiss’s blog stating, “and it is true, of course, that the upper crust, underwhelming Anglo-Saxon leaders who allowed America’s financial markets to morph into louche casinos, George W Bush and Dick Cheney, were very very white men with blue eyes.” Isn’t this a tad disingenuous? Didn’t Summers, and Rubin and Greenspan have something to do with the debacle? Isn’t Maurice “Hank” Greenberg’s AIG implicated as is Goldman Sachs, among others? Just upper crust Anglo Saxons? Isn’t this an antique notion, true perhaps in the 1920’s? Have we reached the point out of the fear of being accused to being antisemitic that we pretend that Jews aren’t there?” Weiss concurred, “Gray has my total agreement here. Journalists are misleading their readers about the character of the power structure out of apprehensions of the rise of anti-Semitism. This kind of journalism is not helpful, and may actually be feeding the resentment that fosters anti-Semitism.”

The Bernie Maddof scandal attracted a lot of attention from both the Jewish community and so called anti-Semites. Madoff became a pariah within the Jewish community for ripping off many Jewish organizations and prominent Jewish individuals such as Steven Spielberg and Elie Wiesel. However groups like the ADL are covering up for the crimes of financial institutions such as Goldman Sachs, that were responsible for the financial crisis and ripped of the taxpayers through bailouts, which they spent on lavish bonuses for their executives. Goldman Sachs was President Obama’s second top source of campaign contributions and donates heavily to many prominent politicians.

Goldman Sachs should be treated like a criminal entity much like ENRON was. However, ENRON fit into the liberal establishment’s stereotype of “Evil White Gentile Republicans, while Goldman Sachs has a stereotype as being Jewish.” It is no more anti-Semitic to criticize Goldman Sachs than it is anti-WASP to criticize ENRON. However there is a notion put out by the likes of the ADL that any organization that is associated as being Jewish should be immune from criticism. The ADL also uses this tactic to silence any harsh criticism of Israel or the Israeli Lobby.

The ADL receives a large portion of its funding from Wall Street and therefore has a vested interest in what is good for financial interest rather than what is good for America as well as American Jews who are not part of the moneyed elite. The ADL has received large donations from Michael Milken’s junk bond fortune and Wall Street crook Marc Rich, who many believed used to ADL to lobby for his pardon from President Clinton. Mod associate of Meyer Lansky Moe Dalitz was simultaneously the CEO of “Sterling Bank” and National Commissioner of the ADL. Even the ADL’s current National Chair Glen Lewy was an investment banker involved with Wolfensohn & Co, Deutsche Bank, and a member of the CFR.

In his article “Why Jewish Bankers Love Anti-Semites” Anti-Zionist Jewish author Henry Makow says, “Jewish bankers love anti-Semites because they transform a legitimate political and economic grievance into a racial one that easily can be dismissed as “hatred.” Anti-Semites are like dogs who drive the Jewish sheep into the bankers’ pen. In spite of this, some Jews are questioning the instrumental role Jews play in the creation of the New World Order. Jewish bankers love anti-Semites because they transform opposition to the NWO into discredited racism. They ensure that Jews serve the NWO agenda and non-Jews remain divided.”

Neither Dowd’s nor Taibbi’s article’s about Goldman Sachs mentions anything negative against Jews. The ADL is only enforcing that stereotype by screaming anti-semitism over strong criticism of Wall Street. It is true that individuals of Jewish decent are over represented in Finance. Everyone should be judged as an individual, however the ADL puts collective blame on all Jews when they claim to speak on their behalf, and cover up for criminals because they happen to be Jews, or support the ADL agenda.

ROBERT STARK is an artist and host of a political talk show called 15 Minutes of Freedom on www.myfbn.com. He is a strong defender of the Constitution and National Sovereignty and rejects Partisan Politics and Political Correctness.  His articles can also be found at the L.A. Examiner.

President Obama recently re-nominated Ben Bernanke to another four year term as Chairman of the Powerful and Secretive Federal Reserve. Bernanke was appointed by President Bush in 2006 to replace Alan Greenspan. Bernanke has greatly expanded the powers of the Federal Reserve and orchestrated the bailouts of private financial institutions by the Fed. Bernanke has asked the President for even greater powers to regulate the economy. Under the president’s plan the Fed will be granted a greater role as a moneylender to private banks.

President Obama’s 2nd top source of campaign contribution’s came from the financial institution Goldman Sachs and is bought off by Wall Street. Obama promised change but his re-nomination of Bush’s appointee proves he is just another tool of Wall Street.

The Fed is a very secretive institution with little to none government oversight. What most people do not know is that the Fed is a defacto private bank because of its ability to grant special loans to private bankers. The Fed continues to print money out of thin air to bail out Wall Street, subsidize our nation building overseas, as well as to pay our debt to private bankers.

Congressman Ron Paul sponsored the Federal Reserve Transparency Act, which now has 282 co-sponsors in the House. Currently there is little to no congressional oversight and accountability. Bernanke’s excuse for opposing congressional oversight, is that it would “politicize” the Fed.

Paul’s response was that “ the fact that they can issue a lot of loans and special privileges to banks and corporations, that’s political. This idea that it would be political because we know what happened afterwards just doesn’t seem to add up.”

See Ron Paul expose the Federal Reserve as a secretive and unconstitutional entity and Bernanke as a tool of the financial elites.

ROBERT STARK is an artist and host of a political talk show called 15 Minutes of Freedom on www.myfbn.com. He is a strong defender of the Constitution and National Sovereignty and rejects Partisan Politics and Political Correctness.  His articles can also be found at the L.A. Examiner.

Bloomberg reports that “Wall Street Sets Campaign on ‘Populist Overreaction.’”  The Securities Industry and Financial Markets Association has set out a PR campaign headed by Former Secretary of the Treasury Henry Paulson who oversaw the bank bailouts under President Bush. Their plan is to target media figures and institutions to try to stifle the growing sentiment against Wall Street due to the financial crisis and bank bailouts. “SIFMA represents about 600 securities firms, brokerages and asset-management companies. It counts among its members the biggest U.S. banks, including Goldman Sachs Group Inc., Citigroup Inc. and JPMorgan Chase & Co.”

The organization put out memos on how it can influence the media and politicians to improve the image of Wall Street. One of the documents said “It is imperative that in this historic period of reform, the industry be recognized as playing a positive role in seeking change and providing solutions to the problems we face.”

Goldman Sachs, which was bailout last year, has made record profits on the backs of the tax payers while our economy sinks. Reuters reports that “the bank said its second quarter earnings rose 33 percent to $2.7 billion, and that it had put aside $6.65 billion for salaries, bonuses and benefits in the quarter, up by nearly half from a year ago”. Goldman Sachs was Obama’s second top source of campaign contributions and SIFMA Chairman Henry Paulson who oversaw the bailouts under Bush was the former CEO of Goldman Sachs.

In regards to the bill originally sponsored by Congressman Ron Paul to audit the Fed, Federal Reserve Vice-Chairman Donald Kohn said, in front of the House of Representatives Financial Services Subcommittee, putting monetary policy under political influence would hurt the U.S. economy, “Any substantial erosion of the Federal Reserve’s monetary independence likely would lead to higher long-term interest rates as investors begin to fear future inflation.”

The Fed is a very secretive institution with little to none government oversight. What most people do not know is that the Fed is a private bank. The Fed continues to print money out of thin air to bail out Wall Street, subsidize our nation building overseas, as well as to pay our debt to private bankers. With the recent financial crisis and the bailouts of Wall Street, Congressman Ron Paul’s warnings about our unsustainable financial policies have been vindicated. Ron Paul believes that the Federal Reserve should be abolished all together and replaced with a Constitutional sound currency such as a gold standard. The Constitution grants Congress the right to issue currency, therefore the Federal Reserve in Unconstitutional.

The Bankers on Wall Street and the Federal Reserve fear that the American people are finally waking up to their economic exploitation of the tax payers and workers who form the foundation of the American economy. People are angry that their hard earned tax dollars are being used to bailouts ultra wealthy bankers and their cartels. Thanks in large part to Congressman Ron Paul people are finding out that the Federal Reserve is a fraudulent entity and there is finally a bill to audit it. The Bankers are in a desperate PR campaign to cover up for their crimes because they know their corrupt system is being exposed.

ROBERT STARK is an artist and host of a political talk show called 15 Minutes of Freedom on www.myfbn.com. He is a strong defender of the Constitution and National Sovereignty and rejects Partisan Politics and Political Correctness.  His articles can also be found at the L.A. Examiner.

Forty years ago, a GM Chairman famously said that “what is good for GM is good for America.”

Now, perhaps, our Treasury Secretary is saying “what is good for Goldman Sachs (the bailout) is good for America.” Of course such universal statements are easily found to be untrue, but we should examine briefly a few related issues as viewed by economic science.

Certainly, it is true that the unhampered market economic system has created more wealth and prosperity for more people than socialist, centrally planned, or hybrid systems. And in order for a fully functioning market system to operate, all of the components must be present. This certainly includes an auto industry, banks, and investment firms. So in this sense, viewing GM and Goldman Sachs as the auto industry and banking system, what’s good for these firms would be good for America. Today, both are in serious trouble, and if they were to vanish, what would fill the void? More on that later.

Certainly we should all agree that the employment provided by firms like GM and Goldman Sachs are important and valuable jobs. Outside of government work, there are few labor jobs that pay as well as a laborer at GM. Historically speaking, the head of household could maintain the standard of living of a large family with only his income at GM. This reality is quickly disappearing of course, but historically it was true. And certainly the cream of the crop in terms of finance have been attracted to firms like Goldman Sachs. They earn 6 and 7 figures; they pay a lot of taxes on that income. Clearly these jobs are important as well. What will fill the void if these jobs disappear? (Let’s remember that Lehman Brothers and Bear Stearns have already failed, not to mention AIG and Fannie and Freddie. Job cuts and layoffs are following). More on this in moment.

So why is it that GM is in free fall, likely to fail? And why is it that Goldman Sachs is on the brink as well, requiring a massive “bailout” in order to survive on life support and prevent a further unraveling of our economic system?

We certainly have our view. Two words.  “Free Trade.” If you are a supporter of free trade, please stay with me here and open your mind a bit.

Prior to free trade, our relatively unhampered market economic system was protected from the interference of foreign institutions and nations. We traded, and that trade financed our Federal Budget. Indeed, until the after turn of the 20th Century we had no income tax at all. And it was not until the Federal Reserve Act and their manipulations which led to the Great Depression that we needed massive income taxes to finance the newly created safety nets and welfare state. And since that time, we have attempted as a nation to cure the evils of government intervention in the market with more government intervention. And as we have gone down this path, our oldest and most valuable firms have come under pressure, and many are now on the brink of collapse.

Indeed, we support the unhampered (free) market economic system, so long as it is protected from non-market foreign interference! The unhampered (free) market is rightly a NATIONAL construct!

The great rise of America as an industrial power house, the creation of wealth distributed to millions of Americans and the creation and expansion of the ‘middle class’ should stand as evidence of the success of the protected free market economic system. But when we decided to take one of the components of that system, our division of labor, and expose it to not only foreign competition, but foreign dumping, subsidies, and manipulations, we distorted and destroyed our unhampered market. Put more simply, without protections, we do not have a national free market economic system… we have a hybrid system that is intent on the creation of a world system, a world market (and soon enough a world government).

Indeed, when we began to tear down our free market protections, we broke down every component of the definition of a market economic system. We were now bringing into our market labor and regions that have no protection for private property. We are now bringing into our market goods that are directly or indirectly subsidized by foreign governments which amount to massive institutional interferences. We expanded our division of labor to include other nations with vastly different wage rates and standards of living, completely distorting our fragile wage and price structure. And we combined jurisdictions with foreign nations, where different laws, norms, and courts are in place. There is no single coercive government, as required in market economics, where there is free trade between nations….yet. (the argument being made now is that a single financial regulator and global central bank is necessary to clear up this financial crisis… the march toward a world system is accelerating).

So why is GM failing and what will replace it? It is failing because it was exposed to unfair competition that distorted the market it operated in and was designed to thrive in. The standard of living in the United States was building up prior to free trade, and GM offered excellent pension benefits in order to attract laborers.

But when it was exposed to unfair competition that utilized labor with massively lower wage rates and standards of living, it could not compete. Indeed GM should have immediately outsourced all of its labor. This is what free trade does. It forces capital investment to take place where labor is least expensive, lowering the standard of living in the United States, and (perhaps) increasing it in foreign nations (although the industrialization of China, for example, has done relatively little to increase the standard of living of millions of Chinese laborers, which is a result of their communist, authoritarian system). But GM felt a duty to its workers, and to our nation. It was slow to outsource, and it is paying the price. And this is exactly why, even today, I feel a patriotic automobile purchaser should still consider a GM product!

A person can clearly see that free trade destroys the ’social nexus’ by pitting corporate America against labor.

Sure, sell your products in our consumer market, but create them somewhere else.

So, slowly but surely, we are de-industrializing. We are outsourcing jobs and wage rates are coming under tremendous pressure. As labor takes home a smaller and smaller share of GDP, standards of living decrease and more people are required to work more hours trying to maintain their standard of living.

And more and more laborers have to downsize their households. They take on debt to live. They borrow to consume (which is what our nation is doing as a whole as well). And eventually they default. And now comes the financial crisis. Our banks, faced with massive defaults cannot cope. They have begun to fail. The value of the dollar has already been decimated by our loose monetary policy that has kept it all afloat up to this point. Imports, which we are now dependent on are more and more expensive by the day. Out the window has gone any illusion of benefits to consumers from free trade. And unless these bailouts actually work, a massive unwinding takes place that leads to Great Depression 2.

So what will replace GM in our system? We’re speculating here, but it appears to us that they will likely be purchased by a foreign firm, full of dollars from our massive trade deficit. We could see a Toyota, Mitsubishi, or a foreign private equity firm buying GM. They will then ‘restructure’ the company with massive labor concessions or without United States laborers at all. The same for Ford and pretty soon we are dependent upon foreigners for automobiles. Are we more secure as a nation without a domestic auto industry? Are we more prosperous under this scenario? Is this “foreign investment” a benefit to us in any way?

And what about Goldman Sachs? Perhaps this is even more frightful. Eventually our big banks and investment firms will also be bought up by foreign interests. Our depository institutions are increasingly being absorbed by foreigners. Massive foreign “investment” into Citigroup, JP Morgan Chase, Merrill Lynch, and other firms have taken place as these stocks have fallen. Indeed our entire stock market has dropped so low that foreign holders of capital are in position to buy up any great firm they desire at pennies on the dollar. Crises always create opportunities, but unfortunately many of the opportunists that take advantage will not be American citizens, where the continuation and success of the United States is a primary concern. More and more, the most important industries in our market will be under the control of foreigners. The march toward inter-dependence speeds, and the destruction of our independent nation becomes imminent.

“Free Trade” a dimwitted Marxist, globalist idea if ever there were one. Working pretty well isn’t it?

Here are a couple of articles you might enjoy:

The Vicious Cycle of Globalization.

New Trade Policy Needed to Promote Manufacturing at Home

And we firmly believe:
Now is the Time for a New Trade System

Let’s all help spread the word!
TOGETHER: We will make a difference!

In the mean time – YOU can make a difference!  How?  Make a determined effort to choose Made In USA goods and services over “Made In Wherethehelleverelse” junk.

MICHAEL JAY DEAN is an advocate for protecting American industry and replacing “free trade” with fair trade.