A Covert Economic War Between The USSA & Germany?

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Source: GizaDeathStar.com
Dr. Joseph P. Farrell
October 15, 2016

Lest we forget, besides strange archaeo-paleographico-geopolitics and space recently, there is the ordinary financial malfeasance in high circles, epitomized currently by the growing problems of Deutschebank. However, now it seems that some sort of “cat” is out of the proverbial bag, as German politicians are now claiming that the USSA’s fine on Deutschebank may be part of a wider economic war:

German Politicians Accuse US Of “Economic War” Against Deutsche Bank

The backdrop here is rather significant, for recall just recently the German chemicals, pharmaceuticals, and agribusiness giant Bayer bought Mon(ster)santo, and had the cash to do it.

In any case the Germans are viewing this not as an attack on Deutschebank, but on Germany itself. Consider the implications of these paragraphs:

When we first heard the news that the US DOJ had slapped Deutsche Bank with a $14 billion settlement on September 15, a number that looked oddly similar to the $14 billion fine the EU slapped on Apple, we determined that this was likely nothing more than “blowback” on behalf of the US, saying “just a few weeks after the EU slapped Apple with a $14 billion bill for “back taxes,” the U.S. has apparently responded with a $14 billion fine of their own to Deutsche Bank to settle an outstanding probe into the company’s trading of mortgage-backed securities during the financial crisis.”

Today, after three weeks of unprecedented volatility in the stock price of the German lender which sent its shares to all time lows as recently as Friday, Germany has latched on to this line of attack as German politicians accused the US of waging economic war against ­Germany as, in the words of the FT, “concern continues to rise among its political and corporate elite over the future of Deutsche Bank.”

The German parliament’s economics committee chairman Peter Ramsauer, in an interview with Welt am Sonntag, said the move against Deutsche “has the characteristics of an economic war”, adding that the US had a “long tradition” of using every available opportunity to wage what amounted to trade war “if it benefits their own economy”, and the “extortionate damages claims” being made in the case of Deutsche Bank were an example of that. According to the German politician, the threat to force Deutsche Bank to pay a $14 billion fine over its mortgage-backed securities business before the 2008 global crisis “has the characteristics of an economic war.”“Extortionate damages claims” in the case are an example of that, said Ramsauer.

Another German politician, Merkel ally and MEP Markus Ferber suggested, as we did, that the Deutsche Bank investigation is a “tit for tat response” from the US Department of Justice after Brussels imposed a record €13 billion penalty against Apple’s tax misdoings in Europe. It’s not just Apple however: earlier this year, Germany’s Volkswagen agreed to pay $16.5 billion in the US for cheating on American diesel vehicle air pollution tests between 2008 and 2015. The fines still risk growing by billions and VW needs to recall 85,000 vehicles.

Note that one implication of all of this is that if the US fines are in retaliation of EU fines against apple, then the US has retaliated not against the EU, but against Germany, revealing what everyone already knew anyway, and that is that Germany is in the driver’s seat of the EU. No one else comes close. Add to this the fact that the TTIP is all but dead on the European side and as far as France and Germany are concerned, and it does indeed look like there is a trade war between the USSA and Europe, i.e., Germany.

The real question is, why? After all, Chancellorin Merkel has obligingly followed…

Continue Reading At: GizaDeathStar.com
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About Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.

US Corporations Hide $1.4 TRILLION In Tax Havens

Source: RT
April 26, 2016

Anti-poverty charity Oxfam released a new report entitled, Broken at the Top, which asserts that the US’s top 50 corporations have stashed $1.4 trillion in offshore tax havens to avoid paying taxes. Worse, the report asserts that, in the same time period, those same corporations actually received $11 trillion in federal loans, bailouts, and loan guarantees – from the rest of America’s taxpayers.

Techie’s Diapers In A Twist Over Trump’s Apple Remark

GLobalism101

Source: NoMoreFakeNews.com
Jon Rappoport
January 20, 2016

Trump just said he’d force Apple to make their damn computers in America, and this raised a crib-howl from techies. You know, those super-intelligent “humanitarian progressives” who somehow finesse the fact that their cherished gizmos are manufactured in foreign factories where the workers are virtual slaves.

Techies: “Slaves? Just the cost of doing business. We still love everybody.”

For the moment, to avoid ad hominem arguments, let’s forget that Trump made the remark; and let’s also forget that truly free markets don’t exist on a macro scale.

Here is the obvious knock-you-in-the-face truth: you can’t have a level playing field if you allow US companies to go abroad, set up factories in places where their costs are minimal, and export those products back to the US. That kind of operation destroys companies who are making the same products in America, at much higher costs.

This isn’t economics. You don’t need algorithms to figure it out. You don’t need experts to weigh in with their fatuous bloviations. Anybody with three active brain cells can see the truth.

Here is the bottom line: free markets, to the degree they exist, were never designed for international trade. They were designed for national economies.

In order to make international trade work, you have (you had) tariffs. A company abroad, no matter who owns it, can only ship goods into the US for sale if it pays a big fat tax to level the field.

But then it all changed: no-tariff free trade entered the scene. This was the invention of Globalists, whose ambition was to “liberate mega-corporations” from any and all reasonable obligations, so they could roam the world minus any allegiance to their home countries, and basically act as predators.

This is GATT, the WTO, NAFTA, CAFTA, the upcoming TPP, and so on. Treaties.

Let’s say there are 50 companies in the US who make sneakers here. The average cost of a pair is $2. That’s the manufacturing cost. Four of these companies shut their plants in the US and go to China, where they make a pair for 16 cents. They bring all those sneakers back here for sale. What happens to the other 46 American companies who are still making their sneakers here? Get the correct answer and you earn an A in Globalism 101.

Continue Reading At: JonRappoport.wordpress.com