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The World's News - The hard facts about the the global economic arena

 
Free Trade is not trade. It is primarily about moving production from place to place anywhere in the world for the sake of cheaper labor. The value of workers and labor has been degraded and deflated. This represents trillions of dollars lost in the process

Making money on money economy burns out.

November 4th 2008 16:27
By Ray Tapajna, Editor, Advocate and Artist at Tapart News and Art that Talks Review of article from Cleveland Plain Dealer by Top Columnist Elizabeth Sullivan - Sorting out McCain and Obama on issues.

Ray says, " We have an economy based on making money on money instead of making things, and it has burned out.... Free trade has taken tariffs off imported products and put them on work. This is the essential issue that has been left out of the ( presidential) debates and the news in general for a very long time."

We thank Elizabeth Sullivan for including this commentary in her article. She uses a good format in dissecting the stands of Senators McCain and Obama on the issues. Now we will see what comes after the election. I do not see any real change coming as long as my observation is left off the table. Both McCain and Obama are Globalist Free Traders. This means alot of things which link all the issues together.

Here is a summary of Elizabeth Sullivan's observations. From here on in, you can come back to this post and see who followed what in the summary.

1. Wall Street
( Note: my comments above were included in item 6 under Factory Jobs and Trade. However, I suggest that it is an inherent part of item 1. Wall Street. - The only real tangible money value left is work and labor. The Federal Reserve Bank has printed images on paper and called it money. Then this private master bank of banks, combined their efforts with other financial institutions to manipulate values in many different "money products" to create artificial values. They are grossly artificial values when separated from the value of workers and labor as they have been. This has led to an elite class living off the working poor and the underclass. In my latest post at The Rationale Quest , I explore this happening related to the common good in terms of a philosophical and religious study.)

Elizabeth Sullivan sums up the issue in a sound way but leaves out the reference above.
I wonder why, something like U.S. Saving Bonds are left out of the picture too. These type of bonds worked out in both world wars and saved the United States twice. U.S. Saving Bonds represents decent money values. They are images too printed on paper and called money but they are backed by everything the U.S. represents. Buying these bonds, represent buying the survival of the greatest economic power ever on earth - up till now.
Instead the government interlocking other "money products" , why not just back up the economy - which is under war like conditions - with U.S. Saving Bonds. This way everyone can participate in the backup. The bonds could even be substituted for the payroll tax which is proving to be a terrible overhead in competing globally. Part of it could be applied to the Social Security fund , Medicare etc. All Americans could enjoy whatever interest rate is feasible under this "money product". We also suggest getting rid of the whole tax system as being an obsolete method for funding the needs of our society. We now need something closer to the transaction of money. I call it Taps instead of Taxes. See Real Tax Reform or an ezine article about Taps instead of Taxes

In any event, Elizabeth Sullivan summary says , both Senators McCain and Obama are remarkably alike. Both are for streamlining Depression-era bureaucracy. Why not- they are one and the same as Globalist Free Traders.

To be continued - We will cover the summary completely in our next posts to have as a reference of comparison for the future.

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