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Is FREE TRADE truly free?
Free trade is a misleading term, another aspect that is deteriorating the U.S.
APPLETON, WIS. — September 13, 2011 — “Free Trade in Theory and Practice,” recently written by contributor Brian Farmer, discloses the truth about free trade and why most Americans believe that this practice is 100 percent free. The article will appear in the September 19th issue of The New American.
Farmer states, “... free trade is not free. When Americans buy goods from foreigners, those foreigners expect something in return. We can sell them goods that we manufacture, such as airplanes; or we can sell them our assets, such as land and buildings; or we can sell them IOUs, such as corporate and government bonds.”
Free trade eventually ends up costing the U.S. and Americans a lot, which makes the term free trade very misleading. The United States has moved from a manufacturing economy to a service economy. Because of this, Americans can no longer produce goods sufficient quantities to offset the amount of goods it imports.
As every month passes, America continues to add to the large outrageous trade deficit. This situation is unsustainable because there is only a limited number of assets that the U.S. can sell off, and the U.S. can’t afford to service an unlimited amount of debt.
Farmer believes that “free trade has come to mean the conduct of international business without any governmental interference, such as tariffs, quotas, subsidies, etc.” Yet the truth far out shadows this, leading ruinous consequences for both partners in “free” trade.
To schedule an interview with Farmer to discuss what free trade is doing to our economy, please contact Hannah Brems today.
The New American, which was established in 1985, is printed twice monthly and is also published online. Its companion website TheNewAmerican.com publishes news stories and commentary daily. The New American is the essential news source for freedom-loving Americans. It unearths the abuses of the principles of limited government, personal responsibility, and God-given rights. The magazine is a wholly owned subsidiary of The John Birch Society.