The Guardian UK reports, In reality, the Trans Pacific Free Trade Treaty… “has almost nothing to do with trade: actual trade barriers between these countries are already very low. The TPP is an effort to use the holy grail of free trade to impose conditions and override domestic laws in a way that would be almost impossible if the proposed measures had to go through the normal legislative process. The expectation is that by lining up powerful corporate interests, the governments will be able to ram this new “free trade” pact through legislatures on a take-it-or-leave-it basis.”
Free trade scams, which are labeled “agreements” to avoid the constitutional requirement that all treaties require a 66 percent yes vote in the senate, are treaties aimed to redistribute income from the 99 to the 1 percent. It’s also a way to redistribute what little political power the 99 percent has to the 1 percent, as the Guardian noted above. President Obama represents one faction of the 1 percent; Wall Street Mitt the Twit Romney represents the other faction.
When jobs are shipped or created overseas because of these treaties, the difference between the old, higher US wages and compensation and the new, lower foreign wages and other compensation goes into the pockets of the 1 percent via higher corporate profits, higher dividends and surging stock prices.
The rich also receive the difference between the cost of the old higher standard environmental US regulations and the more lax environmental regulations (if any) in the foreign nations.
But now the TPP has new things in store to redistribute income from the 99 to the 1 percent by bypassing the normal political process, which is why the Obama regime is negotiating the treaty in the first place.
These treaties are the biggest reason the 1 percent now receive nearly 30 percent of the total income in the US compared to around 7 or 8 percent thirty-two years ago.
The Trans Pacific Free Trade Agreement is more of the same, only worse. The Guardian UK has called the treaty NAFTA on Steroids. Click on the link below for more of the story.