The Myth of Modern “Global Markets” – Understanding Why Renegotiating National Trade is So Critical….

President Donald Trump has cancelled the Manufacturers Council and the Strategic Economic Advisory Board.  There are trillions of dollars at stake.  The members of the boards, and their representative companies, were being targeted by left-wing groups like Move-On.Org with boycotts and opposition.

There are massive international corporate and financial interests who are inherently at risk from President Trump’s “America-First” economic and trade platform.  Believe it or not, President Trump is up against an entire world economic establishment.

I will outline how it works below; and when you understand how it works in the modern era you will understand why the agents within the system are so adamantly opposed to U.S. President Trump.

The biggest lie in modern economics, willingly spread and maintained by corporate media, is that a system of global markets still exists.

It doesn’t.

Every element of global economic trade is controlled and exploited by massive institutions, multinational banks and multinational corporations.  Institutions like the World Trade Organization (WTO) and World Bank control trillions of dollars in economic activity.  Underneath that economic activity there are people who hold the reigns of power over the outcomes.  These individuals and groups are the stakeholders in direct opposition to principles of national economics.

The modern financial constructs of these entities have been established over the course of the past three decades.  When you understand how they manipulate the economic system of individual nations you begin to understand understand why they are so fundamentally opposed to President Trump.

In the Western World, separate from communist control perspectives (ie. China), “Global markets” are a modern myth; nothing more than a talking point meant to keep people satiated with sound bites they might find familiar.  Global markets have been destroyed over the past three decades by multinational corporations who control the products formerly contained within global markets.

The same is true for “Commodities Markets”.  The multinational trade and economic system, run by corporations and multinational banks, now controls the product outputs of independent nations.  The free market economic system has been usurped by entities who create what is best described as ‘controlled markets’.

U.S. President Trump smartly understands what has taken place.  Additionally he uses economic leverage as part of a broader national security policy; and to understand who opposes President Trump specifically because of the economic leverage he creates, it becomes important to understand the objectives of the global and financial elite who run and operate the institutions. The Big Club.

Understanding how trillions of trade dollars influence geopolitical policy we begin to understand the three-decade global financial construct they seek to protect.

That is, global financial exploitation of national markets.  FOUR BASIC ELEMENTS:

♦Multinational corporations purchase controlling interests in various national outputs and industries of developed industrial western nations.

♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.

♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).

♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.

Against the backdrop of President Trump confronting China, and against the backdrop of NAFTA being renegotiated, revisiting the economic influences within the import/export dynamic will help conceptualize the issues at the heart of the matter. There are a myriad of interests within each trade sector that make specific explanation very challenging; however, here’s the basic outline.

For three decades economic “globalism” has advanced, quickly. Everyone accepts this statement, yet few actually stop to ask who and what are behind this – and why?

Influential people with vested financial interests in the process have sold a narrative that global manufacturing, global sourcing, and global production was the inherent way of the future. The same voices claimed the American economy was consigned to become a “service-driven economy.”

What was always missed in these discussions is that advocates selling this global-economy message have a vested financial and ideological interest in convincing the information consumer it is all just a natural outcome of economic progress.

It’s not.

It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates and massive financial corporations.

Again, I’ll try to retain the larger altitude perspective without falling into the traps of the esoteric weeds. I freely admit this is tough to explain and I may not be successful.

Bulletpoint #1: ♦ Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.

This is perhaps the most challenging to understand. In essence, thanks specifically to the way the World Trade Organization (WTO) was established in 1995, national companies expanded their influence into multiple nations, across a myriad of industries and economic sectors (energy, agriculture, raw earth minerals, etc.). This is the basic underpinning of national companies becoming multinational corporations.

Think of these multinational corporations as global entities now powerful enough to reach into multiple nations -simultaneously- and purchase controlling interests in a single economic commodity.

A historic reference point might be the original multinational enterprise, energy via oil production. (Exxon, Mobil, BP, etc.)

However, in the modern global world, it’s not just oil; the resource and product procurement extends to virtually every possible commodity and industry. From the very visible (wheat/corn) to the obscure (small minerals, and even flowers).

Bulletpoint #2 ♦ The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.

During the past several decades national companies merged. The largest lemon producer company in Brazil, merges with the largest lemon company in Mexico, merges with the largest lemon company in Argentina, merges with the largest lemon company in the U.S., etc. etc. National companies, formerly of one nation, become “continental” companies with control over an entire continent of nations.

…. or it could be over several continents or even the entire world market of Lemon/Widget production. These are now multinational corporations. They hold interests in specific segments (this example lemons) across a broad variety of individual nations.

National laws on Monopoly building are not the same in all nations. But most are not as structured as the U.S.A or other more developed nations (with more laws). During the acquisition phase, when encountering a highly developed nation with monopoly laws, the process of an umbrella corporation might be needed to purchase the interests within a specific nation. The example of Monsanto applies here.

Bulletpoint #3 ♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).

With control of the majority of actual lemons the multinational corporation now holds a different set of financial values than a local farmer or national market. This is why commodities exchanges are essentially dead. In the aggregate the mercantile exchange is no longer a free or supply-based market; it is now a controlled market exploited by mega-sized multinational corporations.

Instead of the traditional ‘supply/demand’ equation determining prices, the corporations look to see what nations can afford what prices. The supply of the controlled product is then distributed to the country according to their ability to afford the price. This is how the corporation maximizes it’s profits.

Back to the lemons. A corporation might hold the rights to the majority of the lemon production in Brazil, Argentina and California/Florida. The price the U.S. consumer pays for the lemons is directed by the amount of inventory (distribution) the controlling corporation allows in the U.S.

If the U.S. harvest is abundant, they will export the product to keep the U.S. consumer spending at peak or optimal price. A U.S. customer might pay $2 for a lemon, a Mexican customer might pay .50¢, and a Canadian $1.25.

The bottom line issue is the national supply (in this example ‘harvest/yield’) is not driving the national price because the supply is now controlled by massive multinational corporations.

The mistake people often make is calling this a “global commodity” process. In the modern era this “global commodity” phrase is particularly BS.

A true global commodity is a process of individual nations harvesting/creating a similar product and bringing that product to a global market. Individual nations each independently engaged in creating a similar product.

Under modern globalism this process no longer takes place. It’s a complete fraud. Currently, massive multinational corporations control the majority of product inside each nation and therefore control the entire global product market and price.

EXAMPLE: Part of the lobbying in the food industry is to advocate for the expansion of U.S. taxpayer benefits to underwrite the costs of the domestic food products they control. By lobbying DC these multinational corporations get congress and policy-makers to expand the basis of who can use EBT and SNAP benefits (state reimbursement rates).

Expanding the federal subsidy for food purchases is part of the corporate profit dynamic. With increased taxpayer subsidies, the food price controllers can charge more domestically and export more of the product internationally. Taxes, via subsidies, go into their profit margins. The corporations then use a portion of those profits in contributions to the politicians. It’s a circle of money.

In highly developed nations this multinational corporate process requires the corporation to purchase the domestic political process (as above) with individual nations allowing the exploitation in varying degrees. As such, the corporate lobbyists pay hundreds of millions to politicians for changes in policies and regulations; one sector, one product, or one industry at a time. These are specialized lobbyists.

EXAMPLE: The Committee on Foreign Investment in the United States (CFIUS)

CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States.

CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.

The CFIUS process has been the subject of significant reforms over the past several years. These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008 (more)

Bulletpoint #4With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.

The process of charging the U.S. consumer more for a product, that under normal national market conditions would cost less, is a process called exfiltration of wealth.

It is never discussed.

To control the market price some contracted product may even be secured and shipped with the intent to allow it to sit idle (or rot). It’s all about controlling the price and maximizing the profit equation. To gain the same $1 profit a widget multinational might have to sell 20 widgets in El-Salvador (.25¢ each), or two widgets in the U.S. ($2.50/each).

Think of the process like the historic reference of OPEC (Oil Producing Economic Countries). Only in the modern era massive corporations are playing the role of OPEC and it’s not oil being controlled, it’s almost everything.

Again, this is highlighted in the example of taxpayers subsidizing the food sector (EBT, SNAP etc.), the corporations can charge U.S. consumers more. Ex. more beef is exported, red meat prices remain high at the grocery store, but subsidized U.S. consumers can afford the high prices. Of course if you are not receiving food payment assistance (middle-class) you can’t eat the steaks because you can’t afford them. (Not accidentally, it’s the same scheme in the ObamaCare healthcare system)

Individual flower growers in Florida go out of business because they didn’t join the global market of flower growers (controlled market) by multinational corporate flower growers in Columbia and South America, who have an umbrella company registered in Mexico allowing virtually unrestricted access to the U.S. market under NAFTA.

Agriculturally, multinational corporate Monsanto says: ‘all your harvests are belong to us‘. Contract with us, or you lose because we can control the market price of your end product. Downside is that once you sign that contract, you agree to terms that are entirely created by the financial interests of the larger corporation; not your farm.

The multinational agriculture lobby is massive. We willingly feed the world as part of the system; but you as a grocery customer pay more per unit at the grocery store because domestic supply no longer determines domestic price.

Within the agriculture community the (feed-the-world) production export factor also drives the need for labor. Labor is a cost. The multinational corps have a vested interest in low labor costs. Ergo, open border policies. (ie. willingly purchased republicans not supporting border wall etc.).

This corrupt economic manipulation/exploitation applies over multiple sectors, and even in the sub-sector of an industry like steel. China/India purchases the raw material, ore, then sells the finished good back to the global market at a discount. Or it could be rubber, or concrete, or plastic, or frozen chicken parts etc.

The ‘America First’ Trump-Trade Doctrine upsets the entire construct of this multinational export/control dynamic. Team Trump focus exclusively on bilateral trade deals, with specific trade agreements targeted toward individual nations (not national corporations). ‘America-First’ is also specific policy at a granular product level looking out for the national interests of the United States, U.S. workers, U.S. companies and U.S. consumers.

Under President Trump’s Trade positions, balanced and fair trade with strong regulatory control over national assets, exfiltration of U.S. national wealth is essentially stopped.

This puts many current multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding contracted interest of an asset they can no longer exploit.

Perhaps now we understand better how massive multi-billion multinational corporations and institutions are aligned against President Trump.

RELATED:

♦The Modern Third Dimension in American Economics – HERE

♦The “Fed” Can’t Figure out the New Economics – HERE

♦Proof “America-First” has disconnected Main Street from Wall Street – HERE

♦Treasury Secretary Mnuchin begins creating a Parallel Banking System – HERE

♦How Trump Economic Policy is Interacting With The Stock Market – HERE

♦How Multinationals have Exported U.S. Wealth – HERE

 

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This entry was posted in Big Government, Big Stupid Government, China, Economy, media bias, NAFTA, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

250 Responses to The Myth of Modern “Global Markets” – Understanding Why Renegotiating National Trade is So Critical….

  1. Grandma Covfefe says:

    The BIG UGLY is coming.

    Praying for our President Trump.

    Liked by 37 people

  2. sundance says:

    Liked by 36 people

    • n1ghtcr4wler says:

      so Tom Price was also there. I wonder what he told Trump about it.

      Liked by 7 people

      • I’ll venture that he told Trump everything. I remember reading during the Sea Island meetings that Trump had people in there, unknown to the globalists–Surely Price was one of them……He certainly has shown his loyalty since then, IMHO.

        They will have to stay up late and get up early if they expect to keep up with Donald Trump, and even with this effort, I’ll add…..

        …..good luck with that.

        Liked by 14 people

      • Grandma Covfefe says:

        Nightcr4wler, I have wondered about that, too.
        But look at it this way that’ll make anybody laugh: when President Trump tapped Price to be Sec of HHS, the Secret Sea Island people must have frozen and then went into a panicked batty mode.

        Liked by 5 people

    • wjb105 says:

      Political Campaigns and Other Partisan Activities

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      If employees, on their own time and as private citizens, formally affiliate with a political campaign, they must abide by an additional requirement. Whenever publishing in any form or appearing on television, radio or at a public gathering on behalf of a candidate, employees may be identified as both an AEI employee and a representative of a political campaign, but must make it clear they are speaking and acting solely for themselves and not for the institute.

      Liked by 2 people

    • Ted Koehl says:

      Off topic-but is there any way whoever does your website ads, that they check out how it displays. Every time you have one of these movie ads it pulls the screen down or up away from the information I am trying to read back to the ad. It is very annoying to the point I have to leave your site. I don’t mind looking at ads, but I hate being forced. Please remedy this as I really like the information you have and recommend it to alot of people.

      Like

    • TheWanderingStar says:

      Excellent article SD on the multi-nationals, global markets and manipulation.

      I recall reading the article about the Sea Island Georgia meeting and thinking what an odd group of people to assemble. Yeah, you have your standard morons (Krystal, Rove, et al), some key government officials and some big business names but no one is really what I would consider a global player – a chairman of the board of a conglomerate for instance. I wonder who attended via teleconference? I could see Rove as being some kind of facilitator for the meeting on-site, but I don’t see the named group as one that would be put together to formulate a global plan, rather to carry out an assigned plan. I’ll just leave that there for now. Need to let that percolate a bit longer.

      So, Rove says he didn’t present on Trump, didn’t talk about Trump. Hell, they talked about Trump. Give me a break.

      It’s interesting that there are many people in attendance that are thorns in President Trumps side presently. And many who I think may be subversives to our cause.

      I’m really excited about the prospect of President Trump upsetting the proverbial apple cart.

      Liked by 1 person

  3. Garrison Hall says:

    Good for DJT. And be sure to not let the the door hit you on the way out.

    Liked by 12 people

  4. Publius2016 says:

    President Trump has outflanked their latest opposition. Branding them as “Alt-Left” and pivoting to the debate on preserving our national heritage, President Trump has placed the RINOs and Nevertrumpers in the position of defending the indefensible (i.e., Antifa and BLM).

    Liked by 22 people

  5. n1ghtcr4wler says:

    One day you should put all these trade economics articles into a book. This would be a bestseller.

    Liked by 8 people

  6. liberty, not license says:

    Wow. Thanks. I am furious . Evil, evil, evil.
    Continued prayers for President Trump, his family and administration. Hercules cleaning out the Augean stables had an easier jo

    Liked by 15 people

  7. What is perhaps the single greatest impact of MAGA, is that many who knew that something was wrong, but not quite what, now know precisely what. And, as Mark Twain pointed out in his essay “Two Views of the River,” now seeing the truth, we cannot unsee it.

    Liked by 25 people

    • M. Mueller says:

      “What is perhaps the single greatest impact of MAGA, is that many who knew that something was wrong, but not quite what, now know precisely what.”

      Kevin, you’ve got that right. Even understanding it on a basic level answers so many questions I’ve had for years, things like why aren’t we enforcing our border laws.

      If I stick around here for a couple more years, I’ll expect to be handed a college degree in the Sundance Course of How the World Actually Works! Thank you, Sundance, we could never begin to repay you.

      Liked by 14 people

    • Grandma Covfefe says:

      You nailed it, Kevin. That described me and many others perefectly.
      “….knew something was wrong, but not quite sure what, now know precisely what.”

      Liked by 6 people

    • whoseyore says:

      I believe that there are still many who like and support our President who STILL don’t know the inside secrets like Sundance provides for us. That is why we need to share this site with the masses.

      Liked by 1 person

  8. USA loves Melania says:

    “…President Trump is up against an entire world economic establishment.”

    Or, as POTUS would put it, “It’s Wednesday.”

    Liked by 33 people

    • Sayit2016 says:

      HA ! I love that —- “It’s Wednesday” ; )

      Liked by 9 people

      • listingstarboard says:

        One of my fears is that Trump the business entity will be crushed by the COC/global powers somehow–especially when Trump is out of office. And where do the illegal activities of the global elite fit into this scheme? The trafficking of drugs, weapons and humans?

        Liked by 1 person

        • Sayit2016 says:

          FEAR= False Evidence Appearing Real

          The misnomer is crime does not pay– oh course it does that is why it exists. Where that is that kind of money it parlays into all of the dark side of things—the higher high if you will. Keep people incoherent from use of drugs, keep them under control with weapons and finally demoralize a human soul until there is no fight left.

          May God keep his almighty hand of protection on our President,our country and all of her people, for we fight a fierce battle-For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

          Liked by 14 people

        • eagledriver50 says:

          Have no worries about that…When PDJT came down the escalator he already knew what he was up against and his companies are protected. Besides, he is a builder not a wonk…HE PRODUCES things…AND THE GLOBAL ELITE ARE IN FOR A NASTY SURPRISE AND THE BIG UGLY IS WHAT SUNDANCE HAS BEEN WRITING ABOUT…It is going to be strange to have products MADE her in the USA and NOT CHINA and they are LOWER in price…once this happens, the mult-national corps will fall which means ANYTHING that is supporting these structures will fail…and therefore the elites will fail. Please see Luke 13:28. PDJT is a VERY RELIGIOUS PERSON…

          Liked by 5 people

          • liberty, not license says:

            We just did some remodeling and have more to go. I have been working diligently to source products made in America. It wasn’t easy, but I had some success: hardwood floors, couches and chairs, kitchen table, bathroom vanity, and kitchen cabinets.

            Trying to do our part to MAGA! I want to see American workers have good jobs and produce quality products. I just hope it’s not too late. When I see that nonsense in and about Charlottesville, I could weep over how we are being played and so many don’t recognize it.

            Liked by 6 people

            • eagledriver50 says:

              That is what I am about to do with my home…

              Like

            • ….”and so many don’t recognize it.”

              Remember how you felt before the election? Well, we won. I have the same fears you do. We all have. But we won. Many people do recognize it. Stay strong. Keep the faith.

              Liked by 3 people

              • ladypenquin says:

                I remind myself of that every day. We won.

                We just have to turn off the media psy-ops campaign. That’s what this is. Even the couple of FOX news shows that might be worth watching can’t keep from hand-wringing, woe is Trump meme from their shows. Turned them off.

                The Left has spent decades damaging the brand of the Republican Party (and now we know the GOP itself has been a big cause of letting this happen), but worse, they’ve spent decades damaging the “brand” of America. From within. No patriotism to be taught, no flag-waving or respect, trashing Christians and Jews is okay, pushed the envelope to open acceptance of an amoral culture, and so on. This is what we’re fighting, and our very patriotic President knows this. Repair is incremental.

                But everyday, we have to remember that it’s not Hillary (and the Evil she represents) in the White House, and all is not lost. That’s what’s driving the Left crazy.

                Like

        • This is the beauty of Trump. He knows this.

          Unlike the scum politicians, Trump has everything to lose, and nothing to gain personally. I mean, what could a billionaire have to gain? A few more billion? What’s he gonna do? Gold plate his toilet?

          There is nothing Trump can get out of being in politics. Nothing.

          The only thing that can happen is that he threatens everything he has ever built. His kids also know this. But then again, they have been bought up to survive this crisis. They will stand on their own two feet, and be just as fulfilled in life when the attack comes. They are strong. Trump strong.

          I think this all goes back to the 1960’s. Trump is giving back. He didn’t fight in the Vietnam war, as he had bone spurs. It’s a bit of lame excuse. But think of the following

          – Anyone who avoided that war was smart. I would, and you would too given half the chance. Most of you would.
          – Conscription is a terrifying prospect, unfair, arbitrary and mean. It was everyone who was trying to avoid it, if they could. You didn’t just have to be a conscientious objector, you just didn’t want to die. People even left the country, and got branded traitors for life. Branded by people who never fought themselves. Yes, this is the male privilege the feminazis like to go on about.

          Trump did the smart thing. But he is one of the people, and has always felt very guilty for what happened. Not guilt towards himself, but for others, for what they had to endure. He loves his country, and has always wanted to give back. He is doing so now in spades. I am glad he didn’t go to war. He saved himself for when he was needed.

          And now look at him. He has put everything he has ever achieved up for demolition by the globalists who will in all likelihood succeed. He has to wear a bullet proof vest everywhere he goes, and is quite possibly the most threatened president in US history. They want him dead. There is no secret about it. He knows this better than all of us. He is putting his very life on the line for his country. All globalist guns are pointed at Trump. He has to live like that. They want him dead.

          This is why he loves the vets and the army so much. He wants to do so much for them. And it is why they love him. They know he has put it all out there. They know the guns are now pointed at him. And they know he has their back.

          Finally, we have his back. All guns are pointed at Trump. But if anything should happen to him, and he gets assassinated, then all hell breaks loose. They think we’ll go after antifa.

          Ha Ha Ha.

          Like we want to get a bunch of basement dwelling school kids. No, an almost “baked in” civil war would see us targeting the wealthy globalists, the MSM, the politicians, Hollywood, the multinational slave masters, and their legal minions. They think we can’t see them, but there is a laser pointed at their heads and a finger on the trigger. It would be 100 million versus 100,000. The hatred that exists for these modern traitors is akin to that which was experienced in the Ukraine during the second world war.

          I am convinced a civil war is unavoidable. We know this, as all the MSM lies is only hardening both sides. They are no longer persuading the masses how to think. They no longer convert anyone. They are just preaching to the converted, to harden up their views, and put an unbreakable divide between the nation. They deserve all that they will be given.

          We will turn them upside down. Nail them to a post. And slice them down the middle, slowly, with a rusty saw. There will be no conscription, just queues of volunteers.

          Like

          • Sayit2016 says:

            Bone spurs is not an excuse—when you are humping 20-30 miles a day with a 70 lb ruck sack it is impossible…that it why they do not allow people in with flat feet the weight breaks down the arch…..

            Liked by 1 person

      • mireilleg says:

        I hope this is really your dog. So good looking!

        Like

    • Sayit2016 says:

      I have been laughing about that statement since I read it… and I had a mental picture of President Trump waking up to start the day…Shower check- coffee check- Bullet proof vest check, cod piece check, ear plugs check, helmet check, ass kicking boots check…

      Lets roll ; )

      Liked by 9 people

    • TheWanderingStar says:

      That so captures PDJT’s stellar attitude! Thanks USA!

      Liked by 1 person

  9. Ellie says:

    Not one of any of those presidential hopefuls would have wilingly entered the arena to fight on behalf of the american worker. Only Donald Trump.

    Regardless of the outcome of this battle, the biggest success thus far is the death of the Democrat party. And its dead, folks.

    Liked by 17 people

  10. George True says:

    This explains a lot. Thank you Sundance for the example of the lemon growers. Once you can understand this process with one concrete example, then it becomes much easier to apply it to any other industry.

    I have wondered for a long time why so many things at the grocery store, hardware storel, and almost everywhere else cost so much more than I know they should cost. The debasement of my money by massive deficit spending by the government would account for a big part of it, but not all. Now I know where the rest of the un-natural cost increase comes from. This is information that we should all disseminate to anyone who will listen, along with exactly who is responsible for this theft from all of us. (The Big Club or Uni-Party)

    Liked by 16 people

    • mimbler says:

      I think the lemon explanation shows exactly what is happening with pharmaceuticals in our country. We pay multiples in price for what the same drugs exported to other countries cost.

      Liked by 8 people

      • Beenthere says:

        Part of the reason for current drug pricing is that the European countries (1 payer system) basically told the pharmaceutical companies that they are willing to pay a set price & not a penny more. —— way below price to make any profit. USA picks up the difference & then some. This has been going on since the 1980s.

        Liked by 7 people

      • yadent says:

        Thus the President should DEMAND that Congress allow for the RE-IMPORTATION of pharmaceuticals and medical devices back into the US at current world prices. It could lower our prices by at least 50%, possibly as much as 80%. A potential ‘downside’ would be the implosion of a few ‘single-payer, universal healthcare’ systems around the globe as their costs increase or supplies are rationed as the subsides of the US consumer end and some ‘profit’ losses as pharmaceuticals now could no longer rip-off that same US consumer via cost transfer.

        Liked by 12 people

      • Tegan says:

        Exactly! That was the first thing that came to mind as I read. Right now I have to “cheat” and get as many of my prescribed drugs through Canada as I can….for a fraction of what I would pay, even co-pay to my insurance. I take one …$8 a pill (daily) if I buy it here. The exact same pill by the exact same company from England is a fraction of that. But, I have to lie and cheat the system to get it….otherwise I cannot afford it. And that’s only one of them. I truly hate and dread my annual appointment to get new prescriptions because it makes me a liar and cheat to my doctor.

        Liked by 3 people

  11. Kjf says:

    The sad thing is almost no one would believe you. Even though know something is wrong they would still say it isnt true. It isnt just yhe world corps, it is the everyday ppl yhat just have no clue and be easily led.

    Liked by 4 people

    • Grandma Covfefe says:

      It’s why we have to bring American Economic classes back into the classrooms. We had to take it in highs chool along with Civic Class.

      Liked by 3 people

    • piper567 says:

      Kjf…yeah, well, Trump did win The Election, so the everyday people figured something out.
      I believe we should always try out the truth on these folks…sight sometimes is slow to come.
      When Jesus healed the blind, He asked one man if he could now see.
      The man said, I see men walking around like trees.
      I believe Jesus was giving him a taste of vision, since He clearly could have restored his sight.
      Then the Lord did restore his sight.
      We must first help people hunger for sight.
      Once seen, as someone has pointed out, its tough to not see.
      Keep sharing the truth, no better occupation.

      Liked by 1 person

  12. Gil says:

    MAGA on.

    Liked by 16 people

  13. valheisey says:

    This is so massive. It is starting to sink in (I think).

    Does this have something to do with Bezos purchasing Whole Foods at a way-over-valued price tag for a failing bricks and mortar food store, in order to be able to accept EBT for Amazon purchases which increases the taxes collected from the working class to pay for the increased subsidies to those on welfare, and to buy off politicians for favorable policies that benefit their bottom line?

    GRRRR! SPIT

    Liked by 10 people

  14. missmarple2 says:

    The lemon story cries out for a video with graphics and maps. It would be helpful, for example, to show the lemon prices prior to NAFTA and what they are in each country now.

    I wish I had skills in that department.

    Liked by 4 people

  15. hpushkin says:

    Bravo, Sundance. Stellar article. I understand now.

    Liked by 3 people

  16. FofBW says:

    Sundance has posted a few critical Educational post in the past few days. It would be a shame if we did not make a Trumpian effort to get these out to ALL our contacts, regardless if we think they will read them or not. I have been surprised by the positive response.

    Liked by 4 people

  17. Frecdiel says:

    Holy cow! Thank you for this great explanation, SD. President Trump has taken on a daunting task on our behalf. We need to support his efforts and those of his Cabinet members. Of course none of this would be possible without Divine intervention. Thank you Heavenly Father for giving us one last chance to remain a Free nation.

    Liked by 7 people

  18. Mikebrezzze says:

    Next week the left will declare our president is a child killer, a puppy killer and a kitten killer. Trump should treat them like a caught shark, split their stomachs, cut the line and watch the dumb shark devour its on self!

    Liked by 1 person

  19. albrevin says:

    I know many have pointed out but I would like to add that One America News is fantastic. I have had the day off relaxing and their coverage is much more professional and informative.

    Liked by 2 people

  20. 004488 says:

    And as the RATS deserted the American Manufacturing Council, their true nature was unveiled.
    They’re all weak-kneed poseurs, not worthy to stand with a real leader.
    I was going to name them, but you know, they are what they are.
    Weak, spineless, followers.

    Liked by 7 people

    • Publius2016 says:

      The entire operation was a setup…it was to slowly unravel throughout August and September. They were going to use school children to destroy our monuments, statues, and leaders. Very sick ideology. President Trump linked Alt-Left with violence and viciousness and disbanded the “Globalist Council”…even more obvious why they wanted Bannon or McMasters heads but will probably get Cohn’s head instead.

      Liked by 3 people

      • eagledriver50 says:

        HOLD UP THERE TONTO!!! NOBODIES HEAD IS GOING ANYWHERE…PDJT has people in place and The Big Ugly is coming…Shutting down the councils in deference to the companies themselves just put the blame where it belong…on ANTIFA and the others…Quit the hand wringing and step back from the edge ya’ll…have faith in our President and the people he has chosen!!!

        Liked by 3 people

        • Publius2016 says:

          Obviously, it’s about results in business. Cohn’s group was disbanded. He may go now…like Scaramucci, he won’t be the last. It’s possible he stays but he probably isn’t in contention for Fed Chair.

          Like

    • piper567 says:

      I love it that these “leaders” thought Trump to be easily manipulated over to their side.
      HA!
      Once they found out they were in his sights, they looked for an excuse to bail.
      Charlottesville was just the excuse they were waiting for…
      gotta be able to virtue signal

      Like

  21. i'm just sayin'.. says:

    Corporate tax rates/policy for each country is a facilitating tool to effect the above. One might imagine that corporations would be chomping at the bit for U.S. tax reform but it would appear that lower rates threaten the globalists and reinforce grassroots U.S. industry. And so, the uniparty drags its’ feet on tax reform. Main St. vs. Wall St.
    Thanks for the ongoing cogent analysis SD

    Liked by 5 people

  22. Craig W. Gordon says:

    Nice Trump tweet about ending the ‘Council’. Between Trump and Wilbur they have more than enough knowledge to getter dun.

    Liked by 7 people

    • ladypenquin says:

      All of the drama is actually funny, if we stop and think about it. My local commie rag had bold headlines of these “leaders” leaving Trump, and the WSJ had an editorial stating Trump can’t afford to lose the business folks…

      IMO, Trump forming the council gave them a chance to get onboard with his agenda. Gave them a seat at the table. He likely knew all along what would happen, but it was good tactics on his part. So they leave, he disbands the group, and now he can publicly denounce and go after their anti-American business practices. They know that HE KNOWS what they’re about – Charlottesville was just the foil and pretense excuse to pull off what they planned to all along. Meaningless.

      Like

  23. KenG says:

    If I may, I’d like to use gasoline prices.
    Remember “gas wars”? Or give-away programs (like toasters)? The station owners would do this to generate a sales spurt. The owners can’t do that anymore because the distributors tell them the sale price. And that price is so low the owners have razor thin margins and can’t have mark-downs. It’s really immoral I think, and is a very good example of Mercantilism in action.

    Why can’t we assume loans anymore? Why can’t medical providers waive insurance deductibles anymore?

    PDJT is breaking up the mafia. They are going to lash out, probably even harder. Pray hard and often.

    Ken

    Liked by 5 people

  24. Abandoned says:

    Many years ago I learned this lesson. The price of a particular Toyota 4wd was 25% more (in equivalent currency minus duties) in Australia than in NZ, close and very similar markets. The Toyota insider I knew explained it exactly thus. The price was decided by what Toyota calculated was the price it believed the customer would pay, that’s all.
    The vehicles were produced in the same factory overseas so the cost base for Toyota was identical.
    As you say, that was about 30 years ago.

    Liked by 6 people

  25. Ejay says:

    U.S. Taxpayers (I do mean those who actually pay taxes) are the biggest chumps in the history of the world.

    Liked by 2 people

  26. Markus says:

    This analysis helped a lot…BUT…I think that the multinational process of world domination is not entirely evil, or wasn’t to begin with on behalf of the corporations. Many of their leaders, along with the Bush family, were economic purists, no? Adam Smith types. These massive economies of scale were just an expression of that spirit of lower costs via huger markets. Lemons are still cheaper for everyone now, even with the manipulated price controls.

    What I think hasn’t been factored into this great analysis here is the excruciating regulations that have been placed on businesses, particularly in the first world, which disenable any small business to compete with an economy of scale.

    Who is behind the regulations? Nothing happens on this globe without our pals on the left wedging their Frankenstein-like heads in the door and barging in to monster everyone. The global businesses are utterly subordinate to leftist policy; for proof, just look at their healthily diverse photo shoots and outreach programs. They were once terrified of the media too but now, however, are foursquare for the new establishment, as this piece attests.

    But what would be the result of the utter destruction of small business and the globe reduced to a lesser amount of massive businesses? How easy then would it be to hijack, to nationalise (or globalise) these businesses once the U.N global order really took the reigns.

    Jonah Goldberg once wrote of how Barack took the U.S Presidency and was treating it like an entry level gig to the eventual leadership of a more greatly empowered U.N (so why is he such an anti-Trumper, I don’t know). Anyway, one wonders of the end game? Are the corporations merely buying time at this point? Do they think the U.N would stop short of seizing them one day and taking control-for the good of the world of course?

    Yep, Trump has thrown a big fat spanner into these works. Anyway, I am not an economist but I would like to see Sundance factor the role of the left into what he has written so far about the corporations or generally what he reckons about my wee point here?

    Like

  27. pyromancer76 says:

    Thank, you. Thank, you, Sundance, for continuing to write these pieces on contemporary economics and the political-economy. I hope they get shared widely. I do my part. You have my permission to do one per day!

    Return America to Americans and we will offer an example that most of the world will want to emulate. A country like China simply steals from the rest of the world. Mexico and Canada don’t want to have to work. MAGA

    Like

  28. Sayit2016 says:

    Woah… I am absolutely crossed-eyed from absorbing all of this data. This was a hard slog through all of this information. The labyrinth network of hostile actors in our economy that have been undermining the US is jaw dropping.

    Thanks Sundance for doing the the ditch-digging on this.

    For example, I was thinking in theory, that since we are now selling beef to China that should reduce the price of beef here….more product-less cost. This explains why it would not and could not happen under the current set up we have now. Talk about a light bulb moment ! NOW I get it.

    My problem was being a rational and logical person. I was applying that thought process and it was not connecting and I could not figure out why. It is like putting two negative magnets together- they will not join each other no matter how hard you try–once you flip the ends they easily connect.

    Liked by 3 people

    • Gil says:

      Just think how hard it is for us and then to explain, if possible, to people who dont pay attention at all.

      Liked by 3 people

    • chbailey says:

      Rational, logical and ethical.

      Liked by 1 person

    • deanbrh says:

      Sayit2016, rational theories seem like betrayals now….we all THOUGHT we knew how the world works. “A hard slog through all this information” is indeed jaw dropping and exhausting and shocking as well. Without Sundance, how would we common folk begin to figure it all out? We are soooo indebted to him!

      When I look back on my life and see business and government situations that perplexed me, I now realize I was looking at massive corruption and was incapable of accepting that’s what it was because it was outside the Mafia, and the Mafia i thought was the ONLY corruption in the world…..besides Russia, of course! 🙂

      Liked by 1 person

  29. I sure am glad that smarter people than myself are handling this because when I try to read all of this my eyes glaze over just like when I have to read legalese in a contract or the gobledy-gook in the bills that get passed by congress. Thank you Trump and Wolverines for doing this for us, and thank you sundance for trying so very hard to educate us!

    Liked by 2 people

  30. andyocoregon says:

    I’m just thankful we have a President who is business savvy enough to understand world markets and wants to put America first.

    Liked by 4 people

  31. Daniel says:

    I think the hardest part of this is making the connections between what the president is doing and how “the world” is reacting. One wouldn’t think “you didn’t condemn evil fast enough” and now “you’re not supposed to condemn ALL evil, just the evil we oppose” is connected to global trade and yet the connections appear to be there.

    Were this not a rather rational group, some people would say this is conspiracy theory under discussion and that Lincoln and Kennedy were not killed for the greenback or the silver certificate (E.O. 11110).

    I agree it’s all about money… always. To believe they have social justice concerns completely ignores the horrible things they do to people on a daily basis.

    Liked by 2 people

  32. Nigella says:

    By the way ABC news is reporting the CEO’s disbanded it not Trump… Did it because of his racist remarks about VA.

    Like

  33. ej says:

    My thought is that there may be too much emphasis on “multinational corporations'” influence. I think bullet point 2 should be more prominent. The underwriting banks (Wall Street) are driving the bus. They “consult” with these larger companies and get them to follow policy and investments thought the guise of chasing profits. I am not sure that the individual CEO’s and officers of these large companies are sophisticated enough to do this on their own. Sure, Apple, Google, etc. may be some outsiders, but the average company, no. Those CEOs are too concerned running their company, so they just rely on their “consultants”. These big banks are in competition with each other and are basically jockeying for position in the “Big Club”. Basically, they are playing cards with our money and they don’t give a damn about us. It’s like the companies are the queens on the chess board and the Banks are the players.

    Manipulating prices based on the geographic market is VERY real; however, Sundance addresses it on the macro level. It’s going to be manipulated at the lowest micro level as well. All the data mining that Google, et. al. have been doing is going to soon dictate prices in real time, so they can maximize their profits. Your vehicle (geography) will correspond with your phone (internet practices), with marketing (your purchasing preferences), etc. etc. Example – Imagine a scenario where you need to stop for milk after work. Imagine that Milk is $10.00 / gallon from 5PM-8PM, but is cheaper at 9:00AM when you are at work. They already do this with hotel room prices, with Uber rates, etc. Eventually, it will be everything. They know too much about us, and it will only get worse. The mark of the beast is already here.

    Liked by 1 person

    • Please add to your thinking the corrupting role of central banks. THEY control the interest rate and THEY control banking reserve requirements and this means they control the entire economy of the country using a central bank. This applies specifically to the USA via the Fed.

      Imagine the central banks of a bunch of nations acting in concert.

      Yikes.

      Like

  34. So informative Thank You. Question . Recently announced that China is now buying meat from US . How does this fit in or dose not 😕 What about Super Corps like Disney what is their deal because they are against Pres Trump and I don’t get how Mass intake of refugees who most are subsidized by gov and elimination of middle class who is the bulk buying tickets/products fits .

    Like

  35. MadeMan says:

    This is your best article on the subject of trade thus far.

    My belief by watching and scrutinizing how the Uniparty operates, gives evidence the failed Pharma bill of 2016 is a bill the Democrats don’t actually want to pass. They virtue signal and pretend they do. Just like the GOP with Ocare repeal, the Uniparty will shuffle enough votes to ensure that no matter what, there just quite never is enough votes to get it done. Sorry guys we gotta get 60 votes in the Senate, maybe next time.

    I’d be impressed if Trump puts last year’s failed Pharma bill on the table and unmask the Democrats unwillingness to get it passed. Its all a marketing ploy for votes. The good news is, many of the no votes of the Democrats last year on the failed Pharma bill are up for re election this year in the Senate; moreover, 2016 GOP incumbents want to be re elected and want Trump’s endorsement. My guess is the bill would still fail, but it would be interesting how the Dems re allocate their votes to ensure it fails. At least a half dozen Democrats who voted to pass the Pharma bill in 2016, will be forced to vote no in 2017– to ensure the bill inevitably and predicatbly stalls out again. This would completely unmask the snake oil the Dems are selling. No more woof tickets.

    Really, it would actually be quite fascinating to watch

    Liked by 2 people

  36. LARS says:

    We were screwed until Trump entered the picture show.

    Liked by 1 person

  37. HolyLoly says:

    You did a great job of explaining this, sundance.

    For some reason to me, the most infuriating part of this scheme was this:

    “Part of the lobbying in the food industry is to advocate for the expansion of U.S. taxpayer benefits to underwrite the costs of the domestic food products they control. By lobbying DC these multinational corporations get congress and policy-makers to expand the basis of who can use EBT and SNAP benefits (state reimbursement rates).

    Expanding the federal subsidy for food purchases is part of the corporate profit dynamic. With increased taxpayer subsidies, the food price controllers can charge more domestically and export more of the product internationally. Taxes, via subsidies, go into their profit margins. The corporations then use a portion of those profits in contributions to the politicians. It’s a circle of money.”

    No wonder we have seen an increase in the government pushing food stamps on Americans. I thought it was just Obama’s doing but now I see the bigger picture.

    When I was growing up, it was considered shameful to receive food stamps and most people would do whatever necessary to avoid them. Today, the government pushes them without shame.

    Liked by 2 people

    • deanbrh says:

      HolyLoly, “When I was growing up”, it was shameful to divorce and most people found ways to make marriage work. (62 years, here) “Shame”, no matter the topic, seems to have disappeared. Why else would Jim Acosta still be ranting at every Presser?

      Liked by 1 person

  38. grandmaintexas says:

    And now retirees understand why it costs as much or more to feed two people as it did to feed four or six years ago.

    Liked by 3 people

  39. Carol Hardick says:

    Dear Ms. Morrison,
    I see that you quit Trump’s Manufacturing Council today.
    Evidently you don’t care about the financial stability for millions of people across the country who want good jobs and rewarding employment. Since you choose to not be part of the solution you are the problem.
    Therefore, I will no longer be buying your products and will take my business to companies that do care. No more Campbells soup, Swanson’s broth, Prego sauce, Pepperidge Farms or V-8.

    Liked by 7 people

    • reenahovermale says:

      I’ll be joining you in that. And I’ll be spreading the word, thanks for the heads up.

      Like

    • grandmaintexas says:

      I’m with ya. Make my own broth and soups from scratch. Tastes better and better for ya. Get one of them Instant Pots. Makes broth and soup in no time flat. Stopped eating bread awhile back. And have my juicer to make my own V8. Let’s starve these corporations.

      Liked by 1 person

    • Black_Knight_Rides says:

      The amazing thing is it’s all FAKE-FOOD CRAP.

      Easy decision.

      Like

  40. NYGuy54 says:

    After NAFTA is renegotiated, can I tear down some statues?

    Liked by 2 people

  41. History Teaches says:

    We’re only a few months from the first anniversary of the election.

    Don’t be surprised to see more and more orchestrated strategies and actions to prevent the President from claiming any degree of success for his agenda by then. I also wouldn’t be surprised if there isn’t an even more frenzied form of insurrection or rebellion to have him removed by then. Violence now is being legitimized and idealized by the MSM with no pushback from most of the so called conservative institutions, elected authorities or law enforcement elite.

    And remember that Mueller could drop whatever bombshell his group of conspirators cook up in perfect synchronization with any other crisis that is created. With the media aligned and on the front lines of agitation.

    We see how weak and cowardly most of the GOP are. And how quickly business leaders melt at the first signs of controversy. Not to mention the holdover traitors in all the government departments and agencies. Including whatever proportion of the military who are part of the swamp.

    Despite massive support from voters, the power elite and their minions are relentless and will literally stip at nothing to remove the President. Sadly, I think what we have seen is only a prelude to a full fledged insurrection. That will be branded a moral revolution by the progressive thought police.

    At my most cynical I can see Obama brought back to finalize the ‘hope and change’ he began. Whether an overseer or ‘special advisor’ or the head of a non Constitutional transformed country.

    Like

  42. MfM says:

    A gather the Campbell Soup CEO Denise Morrison wasn’t very nice to Trump in her statements. CBS Philly posted a story a couple of hours ago on FB about it. While there were statements supporting her, here are a few of the pro-Trump ones.

    “No more soup for me !!! ”
    “What a pqwery she is.”
    “Campbells – not for me anymore”
    “Must be Trump haters. Trumps initial statement was clear to me. I knew he was talking about white supremacist, neo Nazi, KKK, ANTIFA and The portions if the BLM who advocate killing police officers.”
    “I just crossed soup off my grocery list”
    ” Only his haters refuse to believe what he said. Give it up. Hillary lost!!!”

    What I love is that every single time I see something negative about Trump on FB, there is someone posting the other side. Obviously there are some sites where they delete and ban different opinions so I don’t say anything… because I want to see how crazy the leftists really are. What is good is that it means quiet people realize not everyone is thinking the same and don’t get brain-washed.

    I wonder who Campbell’s think their market is? It’s certainly not the hippies and leftists that I see parked at Trader Joes and Whole Foods. Campbell’s soup is bought by middle America.

    All Trump needs to do to have Campbell’s take a nose dive is to tweet something like. “Just because Campbell’s dropped out of my business group doesn’t mean that you shouldn’t buy their soup”. Honestly most people aren’t news junkies and are too busy making a living to know what is really going on. Trump supporters know he isn’t racist or anti-Semitic and the left trying to make people believe that is ridiculous.

    Liked by 1 person

    • ladypenquin says:

      Campbell’s soup hasn’t been doing too well in recent years. They’re up to charging a dollar or more for one of those 10oz cans, and who is going to pay that price for a little broth with rice? Most of us have figured out their soup is a poor value for the money they’re asking.

      Liked by 4 people

  43. kenmar1965 says:

    So it sounds like the preppers and the survivalists have had it right all the time?

    Liked by 1 person

  44. KBR says:

    This related tidbit might be of interest: COC financed NC Senator Thom Tillis’ campaign.
    Thom Tillis introduced a bill saying the President cannot fire someone-who is working at and under the auspices of the DOJ!

    This is entirely contrary to the separation of powers of the three branches. The Legislature is trying to take over both the Judicial and the Executive.

    (There are many other laws made by the legislative bodies, or older laws simply ignored by the legislative bodies, that also cross the line into the Executive branch.
    Legislative prerogatives are out of control now that the Senators do not represent the States, but rather represent their purchasers…and what makes up “the states” but the people of the state?)

    Thom Tillis is clearly a bought man.

    Liked by 1 person

  45. Bruce says:

    Providence is at work. Trump is the vessel. SD is the messenger. Good stuff in this piece. Think about how to make an honest buck and serve people.

    Mean time the clowns all scream the indignities at Trump and claim moral high ground. Only whose moral standards do they use today? Great misdirection while the train rolls along down the track.

    Liked by 2 people

  46. I wrote my senior thesis in college on the North American Free Trade Agreement in 1993, before it was adopted. There are two problems I noted with the agreement at that time: first, there was an assumption that the United States was so dominant that the other country deserved it special protections against American competition. Second, the idea that we should have free movement of labor. It wasn’t for general employment, but “people are not wickets”. As Germany has learned, 1 million Young north Africans are not the same as 1 million nativeborn Germans.

    Liked by 3 people

  47. AZ_Giggles says:

    I don’t know who this is, but this is pretty much my reaction to everything Trump does:

    Well, that, and then I start crying more as I pray to God and express my gratitude for sending us President Trump.

    Liked by 3 people

    • She is an anti-Trump celebrity. I have forgotten her name, but she is a judge on Britain’s Got Talent.

      Like

    • NewOrleans says:

      It’s UK entertainer / TV personality Cheryl Cole. She gained fame as a singer with the girl group Girls Aloud. Now, she’s most famous for dating – and having a child with – One Direction singer Liam Payne.

      Like

  48. wolfmoon1776 says:

    “Of course if you are not receiving food payment assistance (middle-class) you can’t eat the steaks because you can’t afford them. (Not accidentally, it’s the same scheme in the ObamaCare healthcare system)”

    Everything is explained. Cultural Marxism still serves the old master of economic Marxism. It is just that the middle class is a natural phenomenon, and can only be destroyed through deception, conspiracy, and human hatred. Cultural Marxism assists the latter.

    Like

    • Indeed, in 1989, Communism didn’t die. They licked their wounds, went back to the drawing board, kicked out the stuff that didn’t work well, and played on the weaknesses of the West. Today we have the EU in Europe, The World Bank, the UN, and all the institutions aimed at destroying us. Until 2016, they were winning.

      Liked by 1 person

  49. Another myth I have seen brought up routinely whenever discussing NAFTA (and other trade agreements like it) is the fact that even though U.S. trade deficits go up, total U.S. exports to those countries have also gone up therefore this trade is necessary for those exporting companies (and the American jobs they represent) to remain. The claim: lose NAFTA and you lose x amount of jobs. In fact, this ties nicely into the argument the US Chamber is using right now to defend NAFTA. However, I see a major (and purposeful) flaw in the logic of that argument.

    Here’s an example: Sofa Co. is a manufacturer of high-end sofas based in Illinois. They use lumber from a mill in Missouri, nails and fasteners from Kentucky, foam from Indiana, and fabric from North Carolina to make their products. Their total annual raw material cost and value of finished products is broken down below:

    Lumber – $13 million
    Nails and Fasteners – $2.5 million
    Foam – $15.3 million
    Fabric – $24 million
    Sofas (Finished Product) – $95 million

    After NAFTA gets introduced, the CEO of Sofa Co. realizes he can save money simply by moving manufacturing to Mexico. He closes their Illinois manufacturing plant, fires 1,500 factory workers, and contracts with a factory in Mexico but is still using the same raw material sources as before. As a result, trade transactions will be recorded as follows:

    $13 million (Lumber) + $2.5 million (Nails and Fasteners) + $15.3 million (Foam) + $24 million (Fabric) = “New” US exports to Mexico of $54.8 million
    $95 million (Sofas) = “New” US import from Mexico creating a trade deficit of $40.2 million

    Now the point of this example is to illustrate that many of the reported “US exports” surrounding trade deals like NAFTA are in fact products that were previously consumed in the domestic manufacturing production that has been outsourced. In other words, these are U.S. jobs that are not dependent on NAFTA for their survival and simply represent jobs that already existed prior to the trade agreement. Places like the CoC pretending the opposite is just a way to gaslight one-sided trade deals as being more beneficial to the United States than they actually are.

    Full disclosure, I am not a trade expert and I have searched for months to try to find something that contradicts my summary, but have yet to see where these kinds of production moves are accounted for in import/export calculations. If I am in error please let me know. 🙂

    Liked by 3 people

  50. Sedanka says:

    Doesn’t matter – Trump is going to get everything he wants. They can cry and virtual signal and make pompous speeches as much as they want. Weak little playactors with pretend power who are now finding out what it’s like to go up against legitimate businesspersons.

    Liked by 1 person

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