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Old September 25th, 2009 #14
Mike Parker
Senior Member
Join Date: Jul 2007
Posts: 3,311
Mike Parker

I don't think what we have now is free trade. It's more like a bizarre reverse mercantilism. Countries that serve the Jews' political agenda get to dump their crap here and take our jobs. "Rogue nations" that the Jews hate get sanctioned. IMO and contra the left, it's economics in the service of politics, not the other way around.

What makes it work is arbitrage. Asians buy low-yielding Treasury debt while US MNC's make high-return equity investments ("FDI") in Asia, for example. In a way, the US is trying to become the Jews of the world. Everyone else will produce while the US will provide them financial and legal services. The problem is that those sectors are also compelled to decentralize, and for cultural and cost reasons are staffed mostly with locals.