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5 Highly Respected Financial Experts That Are Warning That A Market Crash Is Imminent

If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown?  I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008.  And at this point, you would have to be quite blind not to see that stocks are absurdly overvalued and that a correction is going to happen at some point.  And when stocks do start crashing, lots of fingers are going to start pointing at President Trump, but it won’t be his fault.  The Federal Reserve and other central banks are primarily responsible for creating this bubble, and they should definitely get the blame for what is about to happen to global financial markets.

My regular readers are quite familiar with my thoughts on where the market is headed, so today let me share some thoughts from five highly respected financial experts…

#1 When Altair Asset Management’s chief investment officer Philip Parker was asked if a market crash was coming to Australia, he said that he has “never been more certain of anything in my life”.  In fact, he is so sure that the investments that his hedge fund is managing are going to crash that a decision was made to liquidate the fund “and return ‘hundreds of millions’ of dollars to its clients”

While hardly a novel claim – in the past many have warned that Australia’s housing and stock market are massive asset bubbles (which local banks have been forced to deny as their fates are closely intertwined with asset prices even as the RBA is increasingly worried) – so far few if any have gone the distance of putting their money where their mouth was. That changed, when Australian asset manager Altair Asset Management made the extraordinary decision to liquidate its Australian shares funds and return “hundreds of millions” of dollars to its clients according to the Sydney Morning Herald, citing an impending property market “calamity” and the “overvalued and dangerous time in this cycle”.

Giving up management and performance fees and handing back cash from investments managed by us is a seminal decision, however preserving client’s assets is what all fund managers should put before their own interests,” Philip Parker, who serves as Altair’s chairman and chief investment officer, said in a statement on Monday quoted by the SMH.

#2 Seth Klarman leads one of the biggest hedge funds in the United States, and he believes that U.S. investors are greatly underestimating the amount of risk in the market right now…

“When share prices are low, as they were in the fall of 2008 into early 2009, actual risk is usually quite muted while perception of risk is very high,” Klarman wrote. “By contrast, when securities prices are high, as they are today, the perception of risk is muted, but the risks to investors are quite elevated.”

Klarman oversees one of the US’s largest hedge fund firms, with some $30 billion under management. He has a huge following on Wall Street — investors named his book, “Margin of Safety,” their favorite investment book in a recent SumZero survey.

#3 Bill Blain is a strategist at Mint Partners, and he is actually specifically pointing to October 12th as the date when things will start to get “horribly interesting”

But…. Catch a falling knife, why don’t you… I shall spend the summer wondering just how long the Stock Market games continue. When, not if.

At the moment, my prediction is October 12th. Around that day its going to get horribly interesting..

Why that particular day?

Gut feel and knowing how the Bowl of Petunias felt in Hitchhikers. (“Not again.”)

There are just too many contradictory currents out there. The unsustainability of burgeoning consumer debt, unfeasibly tight credit spreads, the sandcastle foundations of student loans, autos, housing and the CLO market, China, Trump, politics.. worries about what follows Brazil in the EM market, and whatever… The risks of a massive consumer sentiment dump..  

#4 David Stockman has also been warning about what may happen this fall.  According to Stockman, this current stock market bubble “is the greatest sucker’s rally we have ever seen”

The market is insanely valued right now.  They were trying to tag, the robo machines and day traders, they were trying to tag 2,400 on the S&P 500.  They ended up at 2,399, I think, but the point is that represents about 25 times trailing earnings for 2016.  We are at a point in the so-called recovery that has already lasted 96 months.  It’s almost the longest one in history.  What the market is saying is we have reached the point of full employment forever.  There will never be another recession or any kind of economic surprise or upset or dislocation.  The market is pricing itself for perfection for all of eternity.  This is crazy. . . . I think the market could easily drop to 1,600 or 1,300.  It could drop by 40% or even more once the fantasy ends. When the government shows its true colors, that it’s headed for a fiscal bloodbath when this crazy notion that there is going to be some Trump fiscal stimulus is put to rest once and for all.  I mean it’s not going to happen.  They can’t pass a tax cut that big without a budget resolution that incorporated $10 trillion or $15 trillion in debt over the next decade.  It’s just not going to pass Congress. . . . I think this is the greatest sucker’s rally we have ever seen.

#5 Last but certainly not least, David Kranzler seems quite certain “that the stock market bubble is getting ready to pop”

Anyone happen to notice that several market commentators have argued that Bitcoin is a bubble but the same stock “experts” look the other way as the U.S. stock market becomes more overvalued by the day vs. the deteriorating underlying fundamentals? Bitcoin going “parabolic” triggers alarm bells but it’s okay if the stock price of Amazon.com Inc (NASDAQ:AMZN) is hurtling toward parity with the price of one ounce of gold. Tesla (NASDAQ:TSLA) burns a billion per year in cash. It sold 76,000 cars last year vs. 10 million worldwide for General Motors (NYSE:GM). Yet Tesla’s market cap is $51.7 billion vs. $48.8 billion for GM.

This insanity is the surest sign that the stock market bubble is getting ready to pop. If you read between the lines of the the comments from certain Wall Street analysts, the only justification for current valuations is “Central Bank liquidity” and “Fed support of asset values.” This is the most dangerous stage of a market top because it draws in retail “mom & pop” investors who can’t stop themselves from missing out on the next “sure thing.” There will be millions of people who are permanently damaged financially when the Fed loses control of this market. Or, as legendary “vulture” investor Asher Edelman stated on CNBC, “I don’t want to be in the market because I don’t know when the plug is going to be pulled.”

Could all of these top experts be wrong?

It’s possible, but I wouldn’t bet on it.

Every stock market bubble of this magnitude in U.S. history has ended in a spectacular crash, and this one will not be any different.  We can certainly have some good arguments about the exact timing of the next crash, but what everyone should be able to agree on is that a crash is coming.

You only make money in the stock market if you get out at the right time.  Many of those that timed things well have made a tremendous amount of money, but most investors will be entirely caught off guard by the market implosion that is rapidly approaching.

As I have explained to my readers repeatedly, markets tend to go down a whole lot faster than they go up, and in the not too distant future we are going to see trillions of dollars of investor wealth wiped out very, very quickly.

Let’s hope that the coming crisis will not be as bad as 2008, but I have a feeling that it is going to be much worse.

We didn’t learn our lessons the last time around, and so now we are going to pay a very high price for our stubbornness.

Obama’s Secret Treaty Would Be The Most Important Step Toward A One World Economic System

Barack Obama behind Resolute Desk in the Oval Office - Public DomainBarack Obama is secretly negotiating the largest international trade agreement in history, and the mainstream media in the United States is almost completely ignoring it.  If this treaty is adopted, it will be the most important step toward a one world economic system that we have ever seen.  The name of this treaty is “the Trans-Pacific Partnership”, and the text of the treaty is so closely guarded that not even members of Congress know what is in it.  Right now, there are 12 countries that are part of the negotiations: the United States, Canada, Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.  These nations have a combined population of 792 million people and account for an astounding 40 percent of the global economy.  And it is hoped that the EU, China and India will eventually join as well.  This is potentially the most dangerous economic treaty of our lifetimes, and yet there is very little political debate about it in this country.

Even though Congress is not being allowed to see what is in the treaty, Barack Obama wants Congress to give him fast track negotiating authority.  What that means is that Congress would essentially trust Obama to negotiate a good treaty for us.  Congress could vote the treaty up or down, but would not be able to amend or filibuster it.

Of course now the Republicans control both houses of Congress.  If they are foolish enough to blindly give Barack Obama so much power, they should all immediately resign.

And it is critical that people understand that this is not just an economic treaty.  It is basically a gigantic end run around Congress.  Thanks to leaks, we have learned that so many of the things that Obama has deeply wanted for years are in this treaty.  If adopted, this treaty will fundamentally change our laws regarding Internet freedom, healthcare, copyright and patent protection, food safety, environmental standards, civil liberties and so much more.  This treaty includes many of the rules that alarmed Internet activists so much when SOPA was being debated, it would essentially ban all “Buy American” laws, it would give Wall Street banks much more freedom to trade risky derivatives and it would force even more domestic manufacturing offshore.

In other words, it is the treaty from hell.

In addition to imposing Obama’s vision for the world on 40 percent of the global population, it is also being described as a “Christmas wish-list for major corporations”.  Of the 29 chapters in the treaty, only five of them actually deal with economic issues.  The rest of the treaty deals with a whole host of other issues of great importance to the global elite.

The following list of issues addressed by this treaty is from a Malaysian news source

• domestic court decisions and international legal standards (e.g., overriding domestic laws on both trade and nontrade matters, foreign investors’ right to sue governments in international tribunals that would overrule the national sovereignty)

• environmental regulations (e.g., nuclear energy, pollution, sustainability)

• financial deregulation (e.g., more power and privileges to the bankers and financiers)

• food safety (e.g., lowering food self-sufficiency, prohibition of mandatory labeling of genetically modified products, or bovine spongiform encephalopathy (BSE) or mad cow disease)

• Government procurement (e.g., no more buy locally produced/grown)

• Internet freedom (e.g., monitoring and policing user activity)

• labour (e.g., welfare regulation, workplace safety, relocating domestic jobs abroad)

• patent protection, copyrights (e.g., decrease access to affordable medicine)

• public access to essential services may be restricted due to investment rules (e.g., water, electricity, and gas)

Why can’t we get this type of reporting in the United States?

And if this treaty is ultimately approved by Congress, we will essentially be stuck with it forever.

This treaty is written in such a way that the United States will be permanently bound by all of the provisions and will never be able to alter them unless all of the other countries agree.

Are you starting to understand why this treaty is so dangerous?

This treaty is the key to Obama’s “legacy”.  He wants to impose his will upon 40 percent of the global population in a way that will never be able to be overturned.

Of course Obama is touting this treaty as the path to economic recovery.  He promises that it will greatly increase global trade, decrease tariffs and create more jobs for American workers.

But instead, it would be a major step toward destroying what is left of the U.S. economy.

Over the past several decades, every time a major trade agreement has been signed we have seen even more good jobs leave the United States.

And it doesn’t take a genius to figure out why this is happening.  If corporations can move jobs to the other side of the planet to nations where it is legal to pay slave labor wages, they will make larger profits.

Just think about it.  If you were running a corporation and you had the choice of paying workers ten dollars an hour or one dollar an hour, which would you choose?

Plus there are so many other costs, taxes and paperwork hassles when you deal with American workers.  For example, big corporations will not have to provide Obamacare for their foreign workers.  That alone will represent a huge savings.

Any basic course in economics will teach you that labor flows from markets where labor costs are high to markets where labor costs are lower.  And at this point it costs less to make almost everything overseas.  As a result, we have already lost millions upon millions of good jobs, and countless small and mid-size U.S. companies have been forced to shut down because they cannot compete with foreign manufacturers.

Later this month, consumers will flock to retail stores for “Black Friday” deals.  But if you look carefully at those products, you will find that almost all of them are made overseas.  We buy far, far more from the rest of the world than they buy from us, and that is a recipe for national economic suicide.

We consume far more wealth that we produce, and anyone with half a brain can see that is not sustainable in the long run.  The only way that we have been able to maintain our high standard of living is by going into insane amounts of debt.  We are currently living in the largest debt bubble in the history of the planet, and at some point the party is going to end.

Please share this article with as many people as you can.  We need to inform people about what Obama is trying to do.

If Obama is successful in ramming this secret treaty through, it is going to do incalculable damage to what is left of the once great U.S. economy.

Obama’s Secret Treaty Which Will Merge America More Deeply Into The Emerging One World Economic System

Barack Obama On The Phone In The Oval OfficeDid you know that the Obama administration is negotiating a super secret “trade agreement” that is so sensitive that he isn’t even allowing members of Congress to see it?  The Trans-Pacific Partnership is being called the “NAFTA of the Pacific” and “NAFTA on steroids”, but the truth is that it is so much more than just a trade agreement.  This treaty has 29 chapters, but only 5 of them have to do with trade.  Most Americans don’t realize this, but this treaty will fundamentally change our laws regarding Internet freedom, health care, the trading of derivatives, copyright issues, food safety, environmental standards, civil liberties and so much more.  It will also merge the United States far more deeply into the emerging one world economic system.  Initially, twelve nations will be a party to this treaty including the United States, Mexico, Canada, Japan, Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.  Together, those nations represent approximately 40 percent of global GDP.  It is hoped that additional nations such as the Philippines, Thailand and Colombia will join the treaty later on.

There are some very good reasons why Obama does not want the American people to know anything about what is in this treaty.  This agreement will impose very strict Internet copyright rules on the American people, it will ban all “Buy American” laws, it will give Wall Street banks much more freedom to trade risky derivatives and it will force even more domestic manufacturing offshore.

It contains a whole host of things that Obama would be unable to get through Congress on his own.  But he is hoping to spring this on Congress at the last minute and get them to agree to this “free trade agreement” before they realize all of the things that are contained in it.

The secrecy surrounding these treaty negotiations have really been unprecedented.  The following is an excerpt from a recent article by Kurt Nimmo

“Since the beginning of the TPP negotiations, the process of drafting and negotiating the treaty’s chapters has been shrouded in an unprecedented level of secrecy,” Wikileaks notes in a statement on the release of the TPP draft. “Access to drafts of the TPP chapters is shielded from the general public. Members of the US Congress are only able to view selected portions of treaty-related documents in highly restrictive conditions and under strict supervision. It has been previously revealed that only three individuals in each TPP nation have access to the full text of the agreement, while 600 ’trade advisers’ – lobbyists guarding the interests of large US corporations such as Chevron, Halliburton, Monsanto and Walmart – are granted privileged access to crucial sections of the treaty text.”

And Obama reportedly is seeking “trade promotion authority” which would give him the ability to sign this treaty before Congress even votes on it…

Normally free -trade agreements must be authorized by a majority of the House and Senate, usually in lengthy proceedings.

However, the White House is seeking what is known as “trade promotion authority” which would fast track approval of the TPP by requiring Congress to vote on the likely lengthy trade agreement within 90 days and without any amendments.

The authority also allows Obama to sign the agreement before Congress even has a chance to vote on it, with lawmakers getting only a quick post-facto vote.

This is so insidious that it is hard to find the words to describe it.

In essence, Obama is trying to make a giant end run around Congress on dozens of different issues that are addressed by this treaty.

Fortunately, there are at least some members of Congress that are waking up to this.  Earlier this week, a small group of Republicans and a small group of Democrats both sent Obama a letter condemning this “free trade” agreement…

Separate groups of House Republicans and Democrats on Tuesday condemned the Obama administration’s proposed sweeping free trade agreement with 11 Pacific nations, known as the Trans-Pacific Partnership.

Strongly worded letters to President Barack Obama Tuesday were signed by hardline tea partiers, true-blue progressives, and moderate, corporate-friendly lawmakers in both parties, indicating political trouble for a trade deal the administration had hoped to seal by year end.

This is one of the most important political issues facing our nation here at the end of 2013, and yet you hear next to nothing about this treaty on the mainstream news.  If this treaty is approved, the United States will be permanently bound by the provisions of this treaty and will never be able to change them unless all of the other countries agree

Countries would be obliged to conform all their domestic laws and regulations to the TPP’s rules—in effect, a corporate coup d’état. The proposed pact would limit even how governments can spend their tax dollars. Buy America and other Buy Local procurement preferences that invest in the US economy would be banned, and “sweat-free,” human rights or environmental conditions on government contracts could be challenged. If the TPP comes to fruition, its retrograde rules could be altered only if all countries agreed, regardless of domestic election outcomes or changes in public opinion. And unlike much domestic legislation, the TPP would have no expiration date.

Are you starting to understand just how dangerous this treaty is?

Let me give you just one example of how this treaty could directly affect you.

Do you remember SOPA?

There was a huge public backlash when the very strict Internet copyright provisions of SOPA were revealed to the public, and the American people loudly expressed their displeasure to members of Congress.

But now the provisions of SOPA are back.  Most of them have reportedly been very quietly inserted into this treaty.  If this treaty is enacted, those provisions will become law and the American people will not be able to do a thing about it.

And according to an article in the New York Times, there are all sorts of other disturbing things that have been slipped into this treaty…

And yet another leak revealed that the deal would include even more expansive incentives to relocate domestic manufacturing offshore than were included in Nafta — a deal that drained millions of manufacturing jobs from the American economy.

The agreement would also be a boon for Wall Street and its campaign to water down regulations put in place after the 2008 financial crisis. Among other things, it would practically forbid bans on risky financial products, including the toxic derivatives that helped cause the crisis in the first place.

Are you starting to grasp why the Obama administration is so determined to keep this treaty such a secret?

In addition, this “free trade” agreement will push the ongoing deindustrialization of America into overdrive.  Every year, we buy hundreds of billions of dollars more stuff from the rest of the world than they buy from us.  Tens of thousands of American businesses have been lost as a result, and millions of good jobs have been shipped overseas.

If you are not familiar with our “trade deficit”, you really should be.  It is one of the issues at the very heart of our economic problems.  Posted below is a short 3 minute video that briefly discusses the trade deficit and why it is so important…

Slowly merging our economy with the rest of the planet has been absolutely disastrous for America.  Just consider the following statistics…

-Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

-The United States has lost more than 56,000 manufacturing facilities since 2001.

-Back in the year 2000, there were more than 17 million Americans working in manufacturing.  Now there are less than 12 million.

-There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.

-Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

-When NAFTA was pushed through Congress in 1993, the United States had a trade surplus with Mexico of 1.6 billion dollars.  By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

-Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year.  In 2012, our trade deficit with China was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

-According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

-According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

Once upon a time, our great manufacturing cities were the envy of the entire planet.  In fact, at one time Detroit actually had the highest per capita income in the United States.

But now Detroit is a rotting, decaying, festering hellhole that is completely bankrupt.  And there are dozens of other formerly great manufacturing cities that are heading down the exact same path.

These “free trade” agreements are neither “free” nor “fair” when you really examine them, and they are absolutely eviscerating the middle class.

Please urge your representatives in Congress to block the Trans-Pacific Partnership.  If this treaty does get approved, it is going to make a lot of our problems a whole lot worse.

The Biggest Oil Discovery In 50 Years?

Coober Pedy - Photo by Thomas SchochIn a virtually uninhabitable section of South Australia, a discovery has been made which could rock the world.  Some are calling it the biggest discovery of oil in 50 years.  Earlier this year, a company called Linc Energy announced that tests had revealed that there was a minimum of 3.5 billion barrels of oil equivalent sitting under more than 65,000 square kilometres of land that it owns in the Arckaringa Basin.  But that is the minimum number.  It has been projected that there could ultimately be up to 233 billion barrels of recoverable oil in the area.  If that turns out to be accurate, the oil sitting under that land is worth approximately 20 trillion dollars, and it would be roughly equivalent to the total amount of oil sitting under the sands of Saudi Arabia.  In essence, it would be a massive game changer.

If the 233 billion barrel figure is accurate (and some have even suggested that the true number could actually be 400 billion barrels), that would make it nearly 10 times larger than the Bakken formation, 17 times larger than the Marcellus discovery and 80 times larger than the Eagle Ford deposit down in Texas.

It would also mean that Australia now has more “black gold” than the nations of Iran, Iraq, Canada and Venezuela.

The closest town to this oil discovery, Coober Pedy, is in the process of being totally transformed.  It normally only has about 1,700 inhabitants, but news of this discovery has drawn in 20,000 additional people already and real estate prices in the town are absolutely skyrocketing.

So does all of this mean that gas prices will go down soon?

Well, unfortunately that is not likely to be the case.

First of all, the oil in this formation in Australia is going to be quite expensive to extract.  It has been estimated that it is going to cost up to 300 million dollars just to get this site ready for production.

In addition, many of our politicians are absolutely determined to greatly punish the use of oil because they believe that it is the primary cause of global warming.  So they continue to raise taxes on gasoline consumption.

Today, motorists in the United States pay an average of 49.5 cents of taxes per gallon of gasoline, and in the state of California motorists pay an average of 71.9 cents of taxes per gallon of gasoline.

Hopefully the price of gasoline will come down a bit over the next few years, but even if it does I would not expect it to come down too much.

But what we can be sure of is that the world is not going to run out of oil any time soon.  Those that have been predicting that we are are on the verge of an “energy doomsday” can take a rest for a while.

Sometimes it is funny to look back and remember some of the ridiculous things that our politicians were saying about oil in the old days.  For example, U.S. President Jimmy Carter made the following statement back in 1977….

“Unless profound changes are made to lower oil consumption, we now believe that early in the 1980s the world will be demanding more oil than it can produce”.

That prediction didn’t exactly work out for him did it?

It is time that the American people were told the truth about our energy situation, and the truth is that we have plenty of energy resources.  The following stats have been updated from one of my previous articles

#1 Back in 1995, the U.S. Geological Survey told the American people that the Bakken Shale formation in western North Dakota and eastern Montana only held 151 million barrels of oil.  Today, government officials are admitting that it holds 7.4 billion barrels of recoverable oil, and some analysts believe that the actual number could be closer to 24 billion barrels of oil.

#2 It is estimated that there are 19 billion barrels of recoverable oil in the tar sands of Utah.

#3 It is estimated that there are 86 billion barrels of recoverable oil in the Outer Continental Shelf.

#4 It is believed that there are 800 billion barrels of recoverable oil in the Green River formation in Wyoming.

#5 Overall, the United States is sitting on approximately 1.442 trillion barrels of recoverable oil.

#6 According to the Institute of Energy Research, the United States has an 88 year supply of natural gas.

#7 According to the Institute of Energy Research, the United States has a 169 year supply of oil.

#8 According to the Institute of Energy Research, the United States has a 465 year supply of coal.

#9 Goldman Sachs is predicting that the United States will be the number one oil producing country in the world by the year 2017.

So the bottom line is that we have plenty of energy resources.  We do not need to be importing oil from OPEC or anyone else.

But just because we are not going to run out of oil, natural gas or coal any time soon does not mean that we should not be developing alternative energy resources.  We should definitely be seeking ways to produce energy more cheaply, more cleanly and more efficiently.

If America does not end up leading the world in developing new forms of energy, we should be ashamed of ourselves.  And right now, the Chinese appear to be way ahead of us as far as thorium energy is concerned, and Italian scientists appear to be ahead of our own scientists in developing “cold fusion” technology.

So yes, let’s be glad that we are not going to be facing a crippling energy crisis in this generation, but let’s also not be complacent.  There are lots of new technologies out there just waiting to be developed, and the rewards are going to go to those that are able to develop them first.

South Australia

Obama’s Super Secret Treaty Which Will Push The Deindustrialization Of America Into Overdrive

Barack Obama With His Hand On The Resolute DeskDid you know that Barack Obama has been secretly negotiating the most important trade agreement since the formation of the World Trade Organization?  Did you know that this agreement will impose very strict Internet copyright rules, ban all “Buy American” laws, give Wall Street banks much more freedom to trade risky derivatives and force even more domestic manufacturing offshore?  If you have not heard about this treaty, don’t feel bad.  Obama has refused to even give Congress a copy of the draft agreement and he has banned members of Congress from attending the negotiations.  The plan is to keep this treaty secret until the very last minute and then to railroad it through Congress and have it signed into law by October.  The treaty is known as “the Trans-Pacific Partnership”, and the nations that are reported to be involved in the development of this treaty include the United States, Canada, Japan, South Korea, Australia, New Zealand, Chile, Peru, Brunei, Singapore, Vietnam and Malaysia.  Opponents of this treaty refer to it as “the NAFTA of the Pacific”, and if it is enacted it will push the deindustrialization of America into overdrive.

The “one world” economic agenda that Barack Obama has been pushing is absolutely killing the U.S. economy.  As you will see later in this article, we are losing jobs and businesses at an astounding pace.  And each new “free trade” agreement makes things even worse.

For example, just check out the impact that the recent free trade agreement that Obama negotiated with South Korea is having on us

  • A 10 percent decline of U.S. exports to Korea
  • The U.S. trade deficit with Korea has climbed 37 percent
  • U.S. auto industry has been crippled
  • Loss of U.S. control where international trade, banking and finance is concerned
  • A projected 159,000 jobs will be lost

Wait a second – I though that “free trade” agreements were actually supposed to increase exports.

So why have they declined by 10 percent?

Did someone make a really bad deal?

And of course we have all seen the economic devastation that NAFTA has wrought.

When NAFTA was pushed through Congress in 1993, the United States actually had a trade surplus with Mexico of 1.6 billion dollars.  By 2010, we had a trade deficit with Mexico of 61.6 billion dollars.

And “free trade” with China has turned out to be a complete and total nightmare as well.

Back in 1985, our trade deficit with China was approximately 6 million dollars (million with a little “m”) for the entire year.

In 2012, our trade deficit with China was 315 billion dollars.  That was the largest trade deficit that one nation has had with another nation in the history of the world.

But instead of learning from the mistakes of the past, Barack Obama is pressing for more “free trade” agreements.

The New York Times is calling the Trans-Pacific Partnership “the most significant international commercial agreement since the creation of the World Trade Organization in 1995“.  It is reportedly going to include a whole host of provisions which would never be able to get through Congress on their own.  Even though this treaty will affect all of our daily lives, the Obama administration is keeping this treaty a total secret.  In fact, Obama won’t even show it to Congress even though members of Congress have asked repeatedly to see it…

The agreement, under negotiation since 2008, would set new rules for everything from food safety and financial markets to medicine prices and Internet freedom. It would include at least 12 of the countries bordering the Pacific and be open for more to join. President Obama has said he wants to sign it by October.

Although Congress has exclusive constitutional authority to set the terms of trade, so far the executive branch has managed to resist repeated requests by members of Congress to see the text of the draft agreement and has denied requests from members to attend negotiations as observers — reversing past practice.

While the agreement could rewrite broad sections of nontrade policies affecting Americans’ daily lives, the administration also has rejected demands by outside groups that the nearly complete text be publicly released.

So exactly who in the world does this guy think that he is?  Why won’t Obama let us know exactly what is in this treaty?

Fortunately, there have been a few leaks.  One thing that we have discovered is that this new treaty would reportedly ban all “Buy American laws“.

That certainly would not be popular if it got out.

And do you remember SOPA?

The American people wanted nothing to do with the very strict Internet copyright provisions of SOPA and loudly expressed their displeasure to members of Congress.

Unfortunately, now the provisions of SOPA are back.  It is being reported that most of the provisions of SOPA have been quietly inserted into this treaty.  If this treaty is enacted, those provisions will become law and the American people will not be able to do anything about it.

And according to the New York Times, there are all sorts of other disturbing things that have been slipped into the treaty…

And yet another leak revealed that the deal would include even more expansive incentives to relocate domestic manufacturing offshore than were included in Nafta — a deal that drained millions of manufacturing jobs from the American economy.

The agreement would also be a boon for Wall Street and its campaign to water down regulations put in place after the 2008 financial crisis. Among other things, it would practically forbid bans on risky financial products, including the toxic derivatives that helped cause the crisis in the first place.

Are you starting to understand why the Obama administration is keeping this treaty such a secret?

If the details of this treaty were revealed to the American people right now, it would create such an uproar that Congress would never approve this treaty.

So please share this article with as many people as you can.  We have got to get the American people educated about this.

Enough damage has already been done to the U.S. economy by “free trade” agreements.  Just consider the following statistics…

-The United States has lost more than 56,000 manufacturing facilities since 2001.

-Back in the year 2000, there were more than 17 million Americans working in manufacturing.  Now there are less than 12 million.

-There are less Americans working in manufacturing today than there was in 1950 even though the population of the country has more than doubled since then.

-According to the Economic Policy Institute, America is losing half a million jobs to China every single year.

-According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

-Today, corporate profits as a percentage of U.S. GDP are at an all-time high, but wages as a percentage of U.S. GDP are near an all-time low.

-Without enough good jobs, more Americans are becoming dependent on the government.  If you can believe it, the number of Americans on food stamps has gone from about 17 million in the year 2000 to more than 47 million today.

-Overall, the United States has run a trade deficit of more than 8 trillion dollars with the rest of the world since 1975.

And things continue to get even worse.  The Institute for Supply Management manufacturing index declined to 49.0 in May.  Any reading below 50 indicates contraction.

That was the lowest reading that we have seen since June 2009.  Just like most of the rest of the world, we are rapidly heading toward another major economic downturn.

And if you want a perfect visual example of what deindustrialization is doing to America, just look at the city of Detroit.

It was once one of the greatest manufacturing cities in the history of the world, but now it is a rotting, decaying, festering hellhole.

According to the New York Times, there are now approximately 70,000 abandoned buildings in Detroit, and at this point the city is so broke that there is talk that the female giraffe at the Detroit Zoo could be sold off to help pay the bills.

For much more on how deindustrialization is ripping the guts out of the U.S. economy, please see the following articles…

1) “55 Reasons Why You Should Buy Products That Are Made In America

2) “40 Ways That China Is Beating America

3) “Show This To Anyone That Believes That ‘Things Are Getting Better’ In America

4) “10 Amazing Charts That Demonstrate The Slow, Agonizing Death Of The American Worker

5) “22 Stats That Show How The Emerging One World Economy Is Absolutely Killing American Workers

What Barack Obama is trying to do is a mind blowing mistake.

The “one world” economic agenda that he is pursuing is destroying the American worker and the American middle class.

U.S. workers are being thrown into a global labor pool with workers on the other side of the planet that live in countries where it is legal to pay slave labor wages.

Do you want to directly compete with a worker on the other side of the globe that is doing your job for a dollar an hour with no benefits?

If not, you need to stand up and make your voice be heard.

There is no way in the world that American workers should have to compete for jobs with workers making slave labor wages in communist China.

What we desperately need are some red-blooded economic patriots to arise and to tell both political parties that we do not want this “one world” economic agenda.

So what do you think?

Will the American people wake up, or will our economy continue to lose thousands of businesses and millions of jobs?

Please feel free to post a comment with your thoughts below…

Is Obama Negotiating A Treaty That Would Essentially Ban All “Buy American” Laws?

69 members of the U.S. House of Representatives have sent Barack Obama a letter expressing their concern that a new international treaty currently being negotiated would essentially ban all “Buy American” laws.  This new treaty is known as the Trans-Pacific Partnership, and it is going to be one of the biggest “free trade” agreements in history.  Critics are referring to it as the “NAFTA of the Pacific“, and it would likely cost the U.S. economy even more jobs than NAFTA did.  At the moment, the Trans-Pacific Partnership includes Brunei, Chile, New Zealand and Singapore.  Barack Obama is pushing hard to get the United States into the TPP, and Australia, Peru, Malaysia, Vietnam, Canada, Japan and South Korea are also reportedly interested in joining.  But quite a few members of Congress have heard that “Buy American” laws will essentially be banned under this agreement, and this has many of them very concerned.  You can read the entire letter that was sent to Obama right here.  Unfortunately, the leaders of both major political parties are overwhelmingly in favor of the Trans-Pacific Partnership, so the objections of these 69 members of Congress are likely to fall on deaf ears.  The Trans-Pacific Partnership will accelerate the flow of American jobs out of this country, and meanwhile our politicians will continue to insist that they are doing everything that they can to “create jobs”.

There is not much protecting American jobs these days.  The “Buy American” laws are one of the last remaining barriers that helps protect against much, much cheaper foreign labor, but now “Buy American” laws are in danger of being banned permanently as a recent article in the Huffington Post explained….

Since the 1930s, the American government has offered preferential treatment to American producers in the awarding of federal contracts. If a domestic producer offers the government a more expensive bid than a foreign producer, it can still be awarded the contract under certain circumstances, but more recent free trade agreements have granted other nations the same negotiating status as domestic firms. The Obama administration is currently pushing to grant the several nations involved in the Trans-Pacific deal the same privileged status, according to the Thursday letter.

The big problem is that foreign companies often have huge advantages over firms based in America.

In the United States, we have minimum-wage laws.  On the other side of the globe, it is legal to pay workers less than a dollar an hour with no benefits.

In the United States, we have thousands upon thousands of laws and regulations that businesses must comply with.  On the other side of the globe, there is often very little red tape.

The truth is that “free trade” is a really bad deal for the average American worker.  In the emerging one world economic system, labor has become a global commodity and U.S. workers must now compete for jobs with people on the other side of the planet.

Since U.S. workers are often 10 to 20 times more expensive than workers on the other side of the world, there has been a massive outflow of jobs from this country.  Treaties such as the Trans-Pacific Partnership will accelerate those job losses.

You would think that our politicians would notice that our formerly great manufacturing cities are turning into hellholes.

For example, the following is how James Kunstler described what he saw when he traveled through Gary, Indiana recently….

Between the ghostly remnants of factories stood a score of small cities and  neighborhoods where the immigrants settled five generations ago. A lot of it was foreclosed and shuttered. They were places of such stunning, relentless dreariness that you felt depressed just imagining how depressed the remaining denizens of these endless blocks of run-down shoebox houses must feel. Judging from the frequency of taquerias in the 1950s-vintage strip-malls, one inferred that the old Eastern European population had been lately supplanted by a new wave of Mexicans. They had inherited an infrastructure for daily life that was utterly devoid of conscious artistry when it was new, and now had the special patina of supernatural rot over it that only comes from materials not found in nature disintegrating in surprising and unexpected ways, sometimes even sublimely, like the sheen of an oil slick on water at a certain angle to the sun. There was a Chernobyl-like grandeur to it, as of the longed-for end of something enormous that hadn’t worked out well.

The economic guts of this country are being ripped to shreds right in front of our eyes.

Overall, more than 56,000 manufacturing facilities in the United States have been shut down since 2001.

That number is so crazy that it is hard to fully grasp.

The truth is that the “free trade” agenda of globalists such as Barack Obama is absolutely devastating our economy.

There are hundreds of statistics which prove this.  I don’t have space in this article to reproduce them all, but if you are interested in examining many of them I recommend checking out the following articles….

1) 35 Facts About The Gutting Of America’s Industrial Might That Should Make You Very Angry

2) 47 Signs That China Is Absolutely Destroying America On The Global Economic Stage

3) America Is Being Transformed From A Wealthy Nation Into A Poor Nation At Breathtaking Speed

4) 17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe

5) If You Are A Blue Collar Worker In America You Are An Endangered Species

6) The Worst In The World – The U.S. Balance Of Trade Is Mind-Blowingly Bad

7) Free Trade Or Fair Trade? 20 Reasons Why All Americans Should Be Against The Insane Trade Policies Of The Globalists

When you combine a market that has expensive labor with markets that have ultra-cheap labor, it is inevitable that large numbers of jobs will migrate to the areas that have the ultra-cheap labor.

This isn’t rocket science.

That is why “Buy American” laws are such a good thing.  They help to protect American jobs.

But even if you do not work in an industry where large numbers of jobs are being sent out of the country, the loss of jobs still affects you.  The millions of Americans that are being displaced from jobs that have been sent overseas end up applying for other kinds of jobs.  So they become your competition.  This increases the demand for the jobs that remain and it keeps wages down.

As I wrote about the other day, 95 percent of the jobs lost during the last recession were middle class jobs.  Many of those jobs have been replaced by low income jobs, but you can’t support a family on a low income job.

The Obama administration tells us that the unemployment rate is going down, but the truth is that there are now almost 101 million working age Americans that do not have jobs.

Instead of looking at the “unemployment rate” which is manipulated so much, what I prefer to do is to look at the “employment rate“.  And sadly, the percentage of Americans with a job has been steadily declining.  The following are the percentages of working age Americans with a job during April during the past six years….

April 2007: 63.0%

April 2008: 62.7%

April 2009: 59.8%

April 2010: 58.7%

April 2011: 58.4%

April 2012: 58.4%

Some Americans have decided to escape the lousy job market by going back to school.  Others have decided to retire early.  Yet others have decided to become full-time dependents of the government, and a shocking number have decided to try to get on to the Social Security disability rolls.

But most Americans that are unemployed just want to get back to work.  Many suffer in complete anonymity and many never take a single penny from the government.  They just want someone to hire them so that they can put in an honest day of work for an honest day of pay once again.

Even if you still have a good job, it could be gone tomorrow.  This point was underscored by a comment that a reader identified as “DaytoDay” left on a recent article….

Well, I can relate to this, I just lost my job Tuesday. I worked for Uhaul and on the DAY that I became eligible for my benefits and 401k they canned me, exactly 90 days.

So, it’s just another reminder that those who work for corporations are nothing more than numbers. It’s sad reality, they don’t care if you have a family to feed, they don’t care about your bills, and they damn sure don’t care about quality…

I was notified while working, and was instantly let go, up until that point, there had been no warnings, no emails, no conferences, nothing… They simply fired me to avoid paying the benefits and 401k that was would have been entitled to.

And to think, this is the reward for being a good hard worker?

Other Americans are not able to find any work at all.  This is especially true for young Americans.  Millions upon millions of hard working Americans are graduating from college only to find that the “real world” can be very cruel.

For example, just check out the comment that a reader named “Simon” left on one of my recent articles….

I graduated from a top university just after the Collapse of 2008 (Class of ’09). I had already seen the number of customers at my college job go way down in that year. Got my four-year degree, had good grades, good work record. Now I live in south FL and I can’t even get a job in fast food, there is so much competition for minimum-wage jobs. No one wants to hire me to wait tables or bag groceries because I have a prestigious degree. The only thing I got out of college was 10 grand in debt, which is actually quite small (I came from a poor family, so I got a lot of free tuition to bribe me to be part of the university indoctrination). Good thing I defaulted on my loans a year or two ago or I would be in worse trouble. I just throw out all their threatening letters and never answer their calls- my friend told me it would work, and it did. Of course I’m no longer a “good citizen”- I don’t earn money, don’t pay taxes, don’t have health insurance, my credit is horrible, I’ll never buy a home or a new car—but who cares?

Millions of other Americans that have lost their jobs have been forced to take whatever they can get.  A reader identified as “Gary2” recently left a comment on one of my articles describing what his family has been through….

Check this out—I had 12 years as a good worker (regional manager level position) several promotions-steller reviews-which I kept copies of BTW) regular good pay increases heck I even saved a persons life, got a big award plack for it, pictures with everyone etc and 4 months later was downsized–no warning no thanks for helping them pass many JACHO inspections (I was a regional manager for a hospital chain) nothing. Just that we decided to outsource your entire department and that you are no longer needed.

So now I get to be grossly underemployed making 1/2 of what I used to make with NO benefits. My wife is no longer a stay at home raise the kids mom and is also working. Together we still make less than I did on my own. This sucks.

As millions upon millions of Americans suffer deeply month after month, it is creating a volcano of anger and frustration that could absolutely devastate our society at some point.  A reader identified as “Cinderella Man” left the following comment on a recent article….

If anyone thinks that almost 50 million Americans on food stamps is a sign of recovery and pardon my language but you have **** for brains. The other day I went shopping and I spent $170 on my ten bags of food and I watched a man and his daughter ring up ten packs of cheap balogna he meekly asked the clerk if those were the 10 for 10 deal and she said yes. Then the Dad said to the daughter “I hope you like it were going to be eating it till we bust!” This is what our world has come to. A man is feeding his kid trying to stretch their meager food stamp budget by eating balogna for several meals. I couldnt help but think of the movie of my namesake Cinderella Man with Russell Crowe when his wife was frying balogna for every meal back during the first Great Depression. Ive seen it all in these past 4 years. From beautiful women in souplines and ****** hotels to living in my car and watching inflation destroy all of our lives. We are all 9 meals from anarchy.

Sadly, thousands upon thousands more good jobs are being lost each and every month.

But our politicians continue to integrate us even more deeply into the emerging one world economic system.  Huge numbers of jobs will continue to leave this nation and the standard of living for most American workers will continue to decline.

So have any of you ever had your job shipped out of the country?  Feel free to post a comment with your thoughts below….

Giant Sucking Sound Part 2? The NAFTA Of The Pacific Will Soon Allow Millions More American Jobs To Be Shipped Overseas

The United States is negotiating one of the biggest free trade agreements in history and there is barely a peep about it on the news.  Years ago, Ross Perot warned that if NAFTA was implemented there would be a “giant sucking sound” as millions of jobs left this country.  It turns out that he was right.  Starting on Tuesday, the next round of negotiations on the Trans-Pacific Partnership (also known as the “NAFTA of the Pacific”) will begin in Chicago.  We have already seen the Obama administration push hard for free trade agreements with Panama, South Korea and Colombia and the administration is making the Trans-Pacific Partnership a very high priority.  Membership in the “NAFTA of the Pacific” already includes Brunei, Chile, New Zealand and Singapore.  The United States, Australia, Peru, Malaysia and Vietnam are scheduled to join.  Canada, Japan and South Korea are also reportedly considering membership.  So once this “free trade” agreement is ratified, will we hear another “giant sucking sound” as millions more of our jobs are shipped overseas?

Look, it is not really that complicated.  If you are a giant U.S. corporation, you can either make stuff here, or you can make stuff overseas where it is far, far less expensive to do so.

To greedy corporate executives, there are a lot of advantages to moving operations out of the country….

*It is legal to pay slave labor wages in many of these other countries.  After all, why pay an American worker 10 or 20 times as much as a worker on the other side of the globe?

*In many of these other countries you do not have to provide any health care for workers.

*In many of these other countries there are virtually no environmental controls to worry about.

*In many of these other countries there are virtually no labor standards to worry about.

*In many of these other countries you only have to deal with a fraction of the “red tape” that you have to deal with in the United States.

By merging our economies with the economies of societies that are far different from our own, we have created a “race to the bottom” that is incredibly destructive to the U.S. economy.

In Vietnam, one dollar an hour is considered to be a very good wage.

So how do you plan to compete against that?

These “free trade agreements” are direct assaults on the big, juicy paychecks of American workers.

If you do not know about the Trans-Pacific Partnership, you need to get educated.

The following is a basic introduction to the TPP from Wikipedia….

The Trans-Pacific Partnership (TPP), also known as the Trans-Pacific Strategic Economic Partnership Agreement, is a multilateral free trade agreement that aims to further liberalise the economies of the Asia-Pacific region; specifically, Article 1.1.3 notes: “The Parties seek to support the wider liberalisation process in APEC consistent with its goals of free and open trade and investment.”[1] The original agreement between the countries of Brunei, Chile, New Zealand and Singapore was signed on June 3, 2005, and entered into force on May 28, 2006. Five additional countries – Australia, Malaysia, Peru, United States, and Vietnam – are negotiating to join the group.

Apparently, one of the goals of the TPP is to reduce all trade tariffs among member nations to zero by the year 2015.  The proponents of “free trade” are absolutely thrilled.

We have all enjoyed the flood of cheap products from overseas.  It is nice to pay a little bit less for things.

But these cheap prices have come at a very high cost.  We are literally destroying the American economy.  If you walk into just about any store today and you start turning over products, you will find that almost all of them are made out of the country.

If our middle class jobs keep getting shipped overseas, our prosperity is going to vanish.  If the American people allow this to continue, the standard of living of American workers is going to continue to fall toward the level of workers in third world countries.

Arthur Stamoulis, the executive director of Citizen Trade Campaign recently had the following to say about why he is opposed to this new free trade agreement….

“They’ve shipped our jobs overseas. They’ve reduced the tax base, they’ve driven down the wages and benefits for the jobs that are left. We’ve had enough”

As you can see from the chart below, we have seen a massive decline in manufacturing jobs in the United States over the last few decades….

It is absolutely amazing that the Obama administration continues to tout more “free trade” agreements as a way to increase employment in the United States.

Sadly, nearly half the country is still going to run out and vote for the guy in the next election.

Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.

So the answer is to ship even more of our jobs overseas?

Apparently the Obama administration actually believes that we don’t want those jobs.  The following is what U.S. Trade Representative Ron Kirk told Tim Robertson of the Huffington Post recently….

Let’s increase our competitiveness… the reality is about half of our imports, our trade deficit is because of how much oil [we import], so you take that out of the equation, you look at what percentage of it are things that frankly, we don’t want to make in America, you know, cheaper products, low-skill jobs that frankly college kids that are graduating from, you know, UC Cal and Hastings [don’t want], but what we do want is to capture those next generation jobs and build on our investments in our young people, our education infrastructure.

Can you believe that nonsense?  He believes that there are things that “we don’t want to make in America”?

Why is nobody calling for him to resign immediately?

Manufacturing jobs have traditionally been high paying jobs that can support middle class families.

But now we are losing millions of those jobs and the Obama administration simply does not care.

Back in 1970, 25 percent of all jobs in the United States were manufacturing jobs. Today, only 9 percent of the jobs in the United States are manufacturing jobs.

America is being deindustrialized at warp speed and most Americans don’t even understand what is happening.

Look, even if U.S. firms wanted to stay in the United States and try to compete, they face almost insurmountable obstacles….

*Many foreign nations deeply and directly subsidize national industries and the U.S. government lets them get away with it.  That puts our industries at a vast disadvantage.

*The United States has the highest corporate tax rate in the world.  That puts our corporations at a vast disadvantage.

*Many foreign nations do not require businesses to provide health care for their employees.  That puts our businesses at a vast disadvantage.

*Many foreign nations impose very little regulation on businesses.  That puts businesses in the United States at a vast disadvantage.  In the U.S., we have some of the most restrictive regulations in the world.

The truth is that even the “next generation jobs” and the “green jobs” that Obama keeps talking about are rapidly leaving the country.

For example, the third-largest producer of solar panels in the United States, Evergreen Solar, is leaving America.

Evergreen is shutting down its factory in Massachusetts, laying off 800 American workers and moving production over to China.

A recent New York Times article explained why Evergreen is making this move….

Evergreen, in announcing its move to China, was unusually candid about its motives. Michael El-Hillow, the chief executive, said in a statement that his company had decided to close the Massachusetts factory in response to plunging prices for solar panels. World prices have fallen as much as two-thirds in the last three years — including a drop of 10 percent during last year’s fourth quarter alone.

Chinese manufacturers, Mr. El-Hillow said in the statement, have been able to push prices down sharply because they receive considerable help from the Chinese government and state-owned banks, and because manufacturing costs are generally lower in China.

We are losing the “jobs of the future” and Obama is doing nothing about it.

Last year, more than half of all the solar panels in the world were made in China.

China is absolutely killing us on the global economic stage and Obama does not even seem to think that it is a problem.

The U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

Not only that, the United States now spends more than 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States.

So don’t listen to any of the nonsense that Obama is spouting about creating jobs.

Not that most of the Republicans are putting forward any good ideas either.

The reality is that our politicians have lied to us.  Globalism is absolutely destroying our economy.

Do you remember when the United States was the dominant manufacturer of automobiles and trucks on the globe?  Well, in 2010 the U.S. ran a trade deficit in automobiles, trucks and parts of $110 billion.

We are losing ground in almost every industry that you could name.  Even the “jobs of tomorrow” are mostly being created overseas.

Andy Grove, the former CEO of Intel, says that our advanced technology companies are creating far more jobs overseas than they are in the United States….

Some 250,000 Foxconn employees in southern China produce Apple’s products. Apple, meanwhile, has about 25,000 employees in the U.S. That means for every Apple worker in the U.S. there are 10 people in China working on iMacs, iPods, and iPhones. The same roughly 10-to-1 relationship holds for Dell, disk-drive maker Seagate Technology (STX), and other U.S. tech companies.

When is someone going to wake up America?  If we are even losing “advanced technology” jobs, then what kind of jobs are going to be left?

In 2002, the United States had a trade deficit in “advanced technology products” of $16 billion with the rest of the world.  In 2010, that number skyrocketed to $82 billion.

Needless to say, that is not a good trend.

Our politicians promised us that the “global economy” would mean more jobs and more prosperity for us.

Well, that was obviously a giant lie.

Today, if you gathered together all of the unemployed people in the United States, they would make up the 68th largest country in the world.

If we allow all of this “free trade” nonsense to continue, our unemployment nightmare is going to continue to get worse and even more of our formerly great cities will end up looking like total hellholes just like Detroit does.

Sadly, virtually all of our politicians in both political parties are in favor of these “free trade” agreements.  In fact, most of them are pushing these kinds of agreements as one of the “solutions” to our problems.

The U.S. economy is being dismantled and deindustrialized right in front of your eyes.

If you plan on speaking out, you better do it now because it is almost too late to stop what is being done.

It is up to you America.

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