Barack Obama is making quite a big deal over US trade at the moment. I wonder why? He has criticised the NAFTA agreement, but doesn't say much more about it. Funny how this is reported as a normal political dialogue between two leading contenders for the Democratic nomination, but when Ron Paul raises it (a longstanding policy issue) it is derided by the media.
The truth is these agreements like NAFTA suit Big Business and Big Government together. A kind of Tweedledee and Tweedledum of world trade. Let the little guy sink or swim on his own account, the big beasts are carving it up as they go along. The European Union is all about regulation, red tape, and, when confronted about spendrift activities, red herrings!
If Obama is moving towards proper free trade, proper fair trade, and proper inter-governmental agreements, then welcome aboard. Otherwise it's a Johnny-cum-lately approach, just for the day!
My IEA article on the bond losses
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According to the OBR the Bank of England will lose us £288bn from autumn
2022 to the end of their bond portfolio in 2036. The Chancellor has
recently appro...
13 hours ago







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