1. How come it is "profiling" to protect American jobs, but it is not "profiling" when politicians must verify their citizenship?
2. "Protectionism": He_ _ yes...is it not the job of the Federal Government to protect and defend American citizens? Have they lost sight that they are U.S. leaders...not "World Leaders"?
3. How come our politicians sacrifice law biding citizens to protect greedy corporations, drug lords and criminal acts? Do they have their hand in that cookie jar?
Showing posts with label Globalization and Protectionism. Show all posts
Showing posts with label Globalization and Protectionism. Show all posts
Wednesday, May 27, 2009
Friday, March 27, 2009
Geithner Open to China's proposal of One Global Currency?
The article below is sent in by Melanie.
Dear Free-Market Thinker,
To view the Thursday, March 26th, 2009 edition of the Daily Bell, click here now.
To view the Thursday, March 26th, 2009 edition of the Daily Bell, click here now.
Today's top stories:
Geithner 'open' to China's proposed IMF global currency?
American Treasury Timothy Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of China's central bank, which was widely reported as being a call for a new global currency to replace the dollar, but which Geithner described as more modest and "evolutionary." "I haven't read the governor's proposal. He's a very thoughtful, very careful distinguished central banker. I generally find him sensible on every issue," Geithner said, saying that however his interpretation of the proposal was to increase the use of International Monetary Fund's special drawing rights - shares in the body held by its members - not creating a new currency in the literal sense. "We're actually quite open to that suggestion - you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," he said. "The only thing concrete I saw was expanding the use of the [special drawing rights]," Geithner said. "Anything he's thinking about deserves some consideration." The continued use of the dollar as a reserve currency, he added, "depends...on how effective we are in the United States...at getting our fiscal system back to the point where people judge it as sustainable over time." - Politico
Dominant Social Theme: Thoughtful men mull thoughtful change.
Free-Market Analysis: You could see them popping like metaphorical popcorn kernels yesterday, all over America and probably in Canada and the EU as well. So called conspiracy "nuts" jumping into the sky as if they'd been fried in oil and propelled heavenward. What likely bounced them upward were the above comments by American Treasury Secretary Timothy Geithner that sounded as if he was endorsing a new global currency to take the place of the dollar.
read full story ...
EU leader condemns US and says it is on a 'road to hell'
Barely a week before Barack Obama is due to arrive in Europe on his first official visit as US president, Mirek Topolanek (Pictured left), the Czech Republic's prime minister, put the 27-nation EU on a collision course with Washington. His attack compounded the confusion that has engulfed EU policy after the Czech leader lost a no-confidence vote in the country's parliament on Tuesday, forcing him to offer his government's resignation midway through its six-month EU presidency. Mr. Topolanek said EU leaders had been disturbed at a summit in Brussels last week to hear calls from Tim Geithner, the US Treasury secretary, for more aggressive policies to fight the global downturn. "The US Treasury secretary talks about permanent action and we, at our spring council, were quite alarmed at that . . . The US is repeating mistakes from the 1930s, such as wide-ranging stimuluses, protectionist tendencies and appeals, the Buy American campaign, and so on," he told a European parliament session in Strasbourg. "All these steps, their combination and their permanency, are the road to hell." ... Mr. Obama has vigorously opposed the view that the Great Depression was caused by too much spending, rather than too little, a view held by a small handful of rightwing economists. - Financial Times
Dominant Social Theme: Those crazy Czechs!
Free-Market Analysis: We are having a fun week.
Recently the Chinese proposed "paper gold" and the American Treasury Secretary seemingly endorsed it. And now comes Mirek Topolanek, another Czech leader who like Czech President Vaclav Klaus seemingly "tells it like it is", to upset the Western world's socialist applecart. Klaus of course has lectured the irredeemably corrupt European Union about questions pertaining to global warming and about the EU leadership's general attraction to overwhelming masses of regulations and concomitant fees, imposts, etc. that are gradually strangling what is left of EU entrepreneurship.
read full story ...
Friday, February 20, 2009
Globalization and Protectionism
Note: words in black are from the article, and words in blue are my own comments:
Murdoch: China, India will reshape the world
SYDNEY, Australia – Media tycoon Rupert Murdoch says the ongoing metamorphosis of China and India from historic backwaters into economic powers will help reshape the world in the next few decades.
The News Corp. chief gave an upbeat assessment of the future and made a vigorous case for free markets (Free Trade/ Globalization) despite troubled economic times and what he called "naked, heartless aggression" in the world.
In the first of a series of speeches in his birth country of Australia, Murdoch spoke Sunday of "the great transformation we've seen in the past few decades, the unleashing of human talent and ability across our world, and the golden age for humankind that I see just around the corner."
He said China and India are great countries whose people are only recently emerging from long histories of being "incarcerated by communism or caste." Has China suddenly become democratic because it is now a world power? The rise of their economies is creating a new middle class (Really?) that would be three billion strong within 30 years and that is setting a new benchmark for global competitiveness. It was once thought that to rehabilitate a criminal you educated him. It was soon discovered that you now had an educated criminal who ripped you off not with a gun, but with a computer. Giving the Chinese government money does not rehabilitate them either. They still use slave labor, and the U.S. now supports it. Is Murdoch altruistic, misguided, or a powerful man wanting more power and cheaper labor?
"The world has never seen this kind of advance before," Murdoch said. "These are people who have known deprivation. These are people who are intent on developing their skills, improving their lives and showing the world what they can do."
Murdoch, whose New York-based conglomerate includes Twentieth Century Fox, Fox News Channel, Dow Jones & Co. as well as newspaper stables in Australia and Britain and the online networking site MySpace, described the global financial crisis as one of many challenges facing Australia.
He urged Australia to embrace internationalism (another word for Globalism) and touched on a range of global issues, from international security (The erasing of boarders) to the commercial opportunities offered by the world's need for cleaner energy.
Murdoch's remarks came in the first of six lectures to be sent out on radio nationally by the Australian Broadcasting Corp. — this year's edition of an annual series of talks by prominent Australians.
Murdoch said that in another speech he would give his opinions on the future of newspapers, which are suffering a severe downturn, especially in the United States, as advertising revenue is lost to the Internet. Hm-mmm
He made a strong pitch for freer trade between countries, taking agriculture as an example and saying that reducing artificial barriers (erasing of boarders) is a moral and strategic issue. (More contaminated imports from China and other countries)
"So we must continue to leverage our connections and continue to push when others have left the conference table," he said. "The global trade dialogue should echo with Australian accents."
Touching on security, he chided Europe for appearing to have "lost the will to confront aggression" and said NATO (One unelected governing power) should be reformed into a group based on common values, not geography, and include countries like Australia as members.
"In this promising new century, we are still seeing naked, heartless aggression — whether it comes from a terrorist bombing in Islamabad or a Russian invasion of Georgia," Murdoch said.
"We can lament these developments, but we cannot hide from them," he said, noting Australia's contribution of troops to Afghanistan and Iraq.
In an interview published in The Weekend Australian on Saturday, Murdoch said governments have only limited power to fix the financial crisis, though they could make it worse.
Murdoch warned that a rise in protectionism in the United States "could add to all sorts of tensions in the world financial system and the world trading system and eventually all the way down to employment." Protectionism or Sovereignty ? Free countries cannot compete with slave labor, and that is why tariffs. Tariffs allow international trade, but not unfair competition for the American worker
Read article at:
http://news.yahoo.com/s/ap/20081102/ap_on_re_au_an/as_australia_murdoch
(Note: Sovereignty (border protection) works much like fire walls in computers. It protects the world's Nations from fluctuations in individual economies. It also protects against spread of disease, contaminated food, crime, environmentally harmful plants and animals and other things that can destroy a Country, its people and its environment. Sovereignty does allow for trade among countries, contrary to what globalization promoters would have us believe. It is not Sovereignty that has promoted poverty in countries...it is GREED, of which many American Companies have been guilty of. I highly recommend the movie "The One Percent" which is available at the following link. http://movies.yahoo.com/movie/1809426239/info )
Murdoch: China, India will reshape the world
SYDNEY, Australia – Media tycoon Rupert Murdoch says the ongoing metamorphosis of China and India from historic backwaters into economic powers will help reshape the world in the next few decades.
The News Corp. chief gave an upbeat assessment of the future and made a vigorous case for free markets (Free Trade/ Globalization) despite troubled economic times and what he called "naked, heartless aggression" in the world.
In the first of a series of speeches in his birth country of Australia, Murdoch spoke Sunday of "the great transformation we've seen in the past few decades, the unleashing of human talent and ability across our world, and the golden age for humankind that I see just around the corner."
He said China and India are great countries whose people are only recently emerging from long histories of being "incarcerated by communism or caste." Has China suddenly become democratic because it is now a world power? The rise of their economies is creating a new middle class (Really?) that would be three billion strong within 30 years and that is setting a new benchmark for global competitiveness. It was once thought that to rehabilitate a criminal you educated him. It was soon discovered that you now had an educated criminal who ripped you off not with a gun, but with a computer. Giving the Chinese government money does not rehabilitate them either. They still use slave labor, and the U.S. now supports it. Is Murdoch altruistic, misguided, or a powerful man wanting more power and cheaper labor?
"The world has never seen this kind of advance before," Murdoch said. "These are people who have known deprivation. These are people who are intent on developing their skills, improving their lives and showing the world what they can do."
Murdoch, whose New York-based conglomerate includes Twentieth Century Fox, Fox News Channel, Dow Jones & Co. as well as newspaper stables in Australia and Britain and the online networking site MySpace, described the global financial crisis as one of many challenges facing Australia.
He urged Australia to embrace internationalism (another word for Globalism) and touched on a range of global issues, from international security (The erasing of boarders) to the commercial opportunities offered by the world's need for cleaner energy.
Murdoch's remarks came in the first of six lectures to be sent out on radio nationally by the Australian Broadcasting Corp. — this year's edition of an annual series of talks by prominent Australians.
Murdoch said that in another speech he would give his opinions on the future of newspapers, which are suffering a severe downturn, especially in the United States, as advertising revenue is lost to the Internet. Hm-mmm
He made a strong pitch for freer trade between countries, taking agriculture as an example and saying that reducing artificial barriers (erasing of boarders) is a moral and strategic issue. (More contaminated imports from China and other countries)
"So we must continue to leverage our connections and continue to push when others have left the conference table," he said. "The global trade dialogue should echo with Australian accents."
Touching on security, he chided Europe for appearing to have "lost the will to confront aggression" and said NATO (One unelected governing power) should be reformed into a group based on common values, not geography, and include countries like Australia as members.
"In this promising new century, we are still seeing naked, heartless aggression — whether it comes from a terrorist bombing in Islamabad or a Russian invasion of Georgia," Murdoch said.
"We can lament these developments, but we cannot hide from them," he said, noting Australia's contribution of troops to Afghanistan and Iraq.
In an interview published in The Weekend Australian on Saturday, Murdoch said governments have only limited power to fix the financial crisis, though they could make it worse.
Murdoch warned that a rise in protectionism in the United States "could add to all sorts of tensions in the world financial system and the world trading system and eventually all the way down to employment." Protectionism or Sovereignty ? Free countries cannot compete with slave labor, and that is why tariffs. Tariffs allow international trade, but not unfair competition for the American worker
Read article at:
http://news.yahoo.com/s/ap/20081102/ap_on_re_au_an/as_australia_murdoch
(Note: Sovereignty (border protection) works much like fire walls in computers. It protects the world's Nations from fluctuations in individual economies. It also protects against spread of disease, contaminated food, crime, environmentally harmful plants and animals and other things that can destroy a Country, its people and its environment. Sovereignty does allow for trade among countries, contrary to what globalization promoters would have us believe. It is not Sovereignty that has promoted poverty in countries...it is GREED, of which many American Companies have been guilty of. I highly recommend the movie "The One Percent" which is available at the following link. http://movies.yahoo.com/movie/1809426239/info )
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