Never forget the story... (additional information).
June 16, 2013 By Sam La Touch
I had written in a previous post that the EU was the economic shock absorber of the USA. His inability to print money, his addiction as a result to the money thrown from the "Ben helicopter" alias the Fed, his strong currency greatly weakens his economy. Thus the EU finds itself uncompetitive for its exports against Japan, the USA or the BRICS, but also within its own internal market. It cannot cope with low-priced imports which promote wage deflation (already existing in Greece, Spain, Portugal, etc.) and ultimately economic deflation as such. Economic deflation is an endemic, insidious and chronic evil that is difficult to get rid of, according to the chronic deflation that has ravaged Japan for more than a decade. The signing of a "transatlantic" free trade agreement risks accentuating this deflationary pressure in the face of an economy that is no longer competitive for exports and will risk finding itself overwhelmed by very competitive American goods which will weaken its internal market and its own industry.
"In the United States consumption is not picking up. The Fed buys and drives the market up, it's totally mechanistic".
The "transatlantic" agreement, by choosing to strengthen "free competition" and competitiveness as a priority, could therefore temporarily relieve the US economy by favoring outlets for it, but in an obvious non-symmetry. While the French government pushes high-sounding croaking relayed by a walking press about safeguarding cultural exception, there is not much debate on the substance of the "transatlantic" free trade agreement and its potentially devastating effects in the current critical economic context of the EU trapped by its strong currency. Moreover, this "transatlantic" free trade agreement risks strengthening the power of financial markets and multinationals over local political powers with a not insignificant threat of an intensification of the privatization of public services. It is therefore the multinationals to the detriment of the SMEs that will be able to carve out a good share of this gigantic transatlantic market presented as a bulwark against the growing appetites of the BRICS. The EU in crisis could once again serve as an economic buffer to the US crisis and find itself even more weakened both economically and politically.
If indeed the governments of the EU have real room for political maneuver with regard to the American hyperpower, bringing them back in fact into an increasingly obvious relationship of neocolonial submission. We must not forget either the security aspect of this agreement which provides for a strengthening of control of the population within this market. The multinational Thales has been commissioned by the French government to monitor the web and mobiles on behalf of French justice, but the government seems to have limited control over what this company actually does. On the other hand he counts on the network PRISM to increase the surveillance of its own citizens in the name of the so-called fight against terrorism. Already in a French parliamentary report dated 2004, the fact-finding mission on international cooperation to fight terrorism noted that the United States "have capabilities in terms of technical intelligence that are out of all proportion to those of Europeans", but that "the sharing of information "captured" by American technical capabilities (...) seems very satisfactory". What will it be after such an agreement?
"In the United States consumption is not picking up. The Fed buys and drives the market up, it's totally mechanistic".
The "transatlantic" agreement, by choosing to strengthen "free competition" and competitiveness as a priority, could therefore temporarily relieve the US economy by favoring outlets for it, but in an obvious non-symmetry. While the French government pushes high-sounding croaking relayed by a walking press about safeguarding cultural exception, there is not much debate on the substance of the "transatlantic" free trade agreement and its potentially devastating effects in the current critical economic context of the EU trapped by its strong currency. Moreover, this "transatlantic" free trade agreement risks strengthening the power of financial markets and multinationals over local political powers with a not insignificant threat of an intensification of the privatization of public services. It is therefore the multinationals to the detriment of the SMEs that will be able to carve out a good share of this gigantic transatlantic market presented as a bulwark against the growing appetites of the BRICS. The EU in crisis could once again serve as an economic buffer to the US crisis and find itself even more weakened both economically and politically.
If indeed the governments of the EU have real room for political maneuver with regard to the American hyperpower, bringing them back in fact into an increasingly obvious relationship of neocolonial submission. We must not forget either the security aspect of this agreement which provides for a strengthening of control of the population within this market. The multinational Thales has been commissioned by the French government to monitor the web and mobiles on behalf of French justice, but the government seems to have limited control over what this company actually does. On the other hand he counts on the network PRISM to increase the surveillance of its own citizens in the name of the so-called fight against terrorism. Already in a French parliamentary report dated 2004, the fact-finding mission on international cooperation to fight terrorism noted that the United States "have capabilities in terms of technical intelligence that are out of all proportion to those of Europeans", but that "the sharing of information "captured" by American technical capabilities (...) seems very satisfactory". What will it be after such an agreement?
source: Blogs.mediapart.fr
Further information :
Crashdebug.fr: Exclusive: Humanite.fr publishes the working bases for the transatlantic free trade agreement
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