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Archive for January 10th, 2014

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The primary purpose of NAFTA was to lower wages in the United States and Mexico, export US jobs to Mexico, and then take the difference between the old higher wages and the new lower wages and redistribute them to the 1 percent via higher corporate profits, higher dividends and rising share prices. The scam worked like a peach, thanks to the efforts and support of President Bill Clinton and then Wall Street Congressman Ron Wyden.

Wyden’s argument for supporting the treaty, like so many others, was that it would increase US exports to Mexico and therefore create jobs. That was a carefully crafted lie used by supporters of NAFTA, and Wyden knew it. The US had a trade surplus with Mexico before NAFTA, and immediately after the illegal treaty took effect, the US began to develop the massive trade deficit with Mexico that it has today. And the reason? US corporations, many of whom provided congressman and now Senator Wyden with plenty of campaign contributions and perhaps other perks, exported jobs to Mexico, and then exported the products to the United States. (By the way, NAFTA received only 64 percent of the vote in the Senate, but the US Constitution requires 66 percent for a treaty to become legal. Therefore, the implementation of NAFTA is illegal.)

The treaty allowed US corporations to export their government subsidized agricultural products and poultry and devastated Mexico’s large farming community. Other US corporations exported their Chinese, Indian, and Pakistani made clothes and shoes to Mexico and virtually wiped out those industries.

The Mexican poverty rate is about the same as it was before NAFTA, about 52 percent, but that’s not counting the millions of Mexicans that fled to the US illegally since and because of NAFTA. Mexican GNP growth slowed dramatically since NAFTA, which means that NAFTA destroyed any chance that nation had of moving most of its citizens into the middle class.

Now Wall Street Senator Ronnie Wyden and Wall Street President Barack Obama are trying to ram through the latest income redistribution scam in the midst of the worse US economic expansion of the last eighty years. It’s called the Trans Pacific Partnership and involves twelve nations.

The treaty has been written in secret meetings. We only know a few things about the treaty through leaked documents, and none of them are good for the working people of the world because everything in the treaty is designed to redistribute income from the 99 to the 1 percent, via higher medicine prices, for example. Yes, that’s right. This is a trade treaty that is negotiating higher prices for the 99 percent, as well as massive legal protections for the pirates of Wall Street, and that’s why we call him Wall Street Senator Ron Wyden, a keen supporter of the TPP.

Besides the above, the primary purpose of the TPP appears to be to lower wages in the United States, Mexico, and a few other nations, just like NAFTA was designed to do.

Vietnam is a part of the TPP negotiations and that nation has the worst human rights record among the participating nations, and it also has the lowest wage rates.

Expect jobs to be exported from the United States, Mexico, El Salvador, Honduras, Guatemala and other participating nations of Latin America to Vietnam. El Salvador is expected to lose over 225 thousand jobs in the textile industry alone if the TPP becomes law. The US is expected to lose around 200 thousand jobs in the same industry. Industry after industry will export jobs from these nations to Vietnam. The result will be millions more unemployed people in Latin America, driving down wage rates there, and driving millions to illegally seek economic refuge in the United States, which will also be suffering from severe job loss, wage declines, and this will result in a weakening of the tax base, and a massive redistribution of income to the tune of hundreds of billions, and perhaps trillions, of dollars a year, from the 99 percent to the 1 percent.

This is what Wall Senators like Ron Wyden, Orrin Hatch, Max Baucus, Mitch McConnell and Wall Street President Barack Obama, and Wall Street Congressmen Earl Blumenauer, David Camp and John Boehner desire the most.

Call your congresspersons, call your senators, let them know you’re opposed to the Trans Pacific Partnership, and that you’re opposed to Fast Tracking it. Fast Track is what is going to be voted on the House of Representative soon. If congress votes for fast track, it means little debate will be allowed on the TPP, no revisions can be made, and there’s only a straight up or down vote. Fast track is simply another way for criminal congress people to pass a secret treaty they don’t want you to know about.

Check out a similar story below.

Mexicans Regret Twenty Years of NAFTA==the Guardian UK

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