The late Sir James Goldsmith warned that GATT would open Western labor markets to competitio­n with 4 billion poorer Asians

YouTube – 1. A prophetic interview with Sir James Goldsmith in 1994 Pt1

http://des­ip.igc.org­/gatt01.ht­ml
Goldsmith on GATT: Part 1

“THE NEW UTOPIA: GATT AND GLOBAL FREE TRADE
by SIR JAMES GOLDSMITH

Federal Document Clearing House Congressio­nal Testimony

SENATE COMMERCE GATT IMPLEMENTA­­TION
October 5, 1994

Global free trade has become a sacred principle of modern economic theory, a sort of generally accepted moral dogma. That is why it is so difficult to persuade politician ­s and economists to reassess [...]

The late Sir James Goldsmith warned that GATT would open up Western labor markets to competitio­n with 4 billion poorer Asians…

YouTube – 1. A prophetic interview with Sir James Goldsmith in 1994 Pt1

http://des­ip.igc.org­/gatt01.ht­ml
Goldsmith on GATT: Part 1

“THE NEW UTOPIA: GATT AND GLOBAL FREE TRADE
by SIR JAMES GOLDSMITH

Federal Document Clearing House Congressio­nal Testimony

SENATE COMMERCE GATT IMPLEMENTA­­TION
October 5, 1994

Global free trade has become a sacred principle of modern economic theory, a sort of generally accepted moral dogma. That is why it is so difficult to persuade politician ­s and economists to reassess [...]

Dow Down 500: Should Obama Resign?

The worldwide market plunge since the signing of the U.S. debt agreement tells us one thing above all: Almost no one on the planet has confidence in the leadership of Barack Obama.

A CEO with such a disastrous first three years as our president has had probably would already have been called upon to resign or been pushed out by his company’s board of directors — [...]

Is This It? Mass Rioting, Civil Unrest In Greece As Economists Warn Of Global ‘Armageddon Scenarios’

As protesters continue to run riot in the streets, economists are warning that the whole of Europe and by extension, the rest of the world could face financial armageddon should Greece default on its debt, in the absence of a second bailout.

Financial experts are warning of a ‘Lehman Moment’ as the European markets are beginning to show signs of unraveling in the [...]

Apple vs. Microsoft by the numbers. Data doesn’t lie — or exaggerate

Computerworld – A little less than a year ago, Wall Street reached a Microsoft vs. Apple milestone: for the first time, Apple’s corporate value surpassed Microsoft’s.

And Apple‘s market cap (the total value of all of its shares) topped Microsoft‘s even though the latter company had more revenue and double the profit margins. Clearly, Wall Street was looking at growth potential, not current income statements and balance [...]

The thousand-t­on job-killin­g monster was GATT, which opened up the U.S. labor market to 4 billion lower-inco­me Asians

by OldTulsan

The late Sir James Goldsmith warned about GATT in 1994:

YouTube – 1. A prophetic interview with Sir James Goldsmith in 1994 Pt1

http://des­ip.igc.org­/gatt01.ht­ml
Goldsmith on GATT: Part 1

“THE NEW UTOPIA: GATT AND GLOBAL FREE TRADE
by SIR JAMES GOLDSMITH

Federal Document Clearing House Congressio­nal Testimony

SENATE COMMERCE GATT IMPLEMENTA­­TION
October 5, 1994

Global free trade has become a sacred principle of modern economic theory, a sort of generally accepted moral dogma. That is why it is [...]

Ultimate unraveling of a Ponzi scheme

The catch is that at some point one of these things will happen:

1. The promoter will vanish, taking all the remaining investment money (minus the payouts to investors) with him or her.
2. Since the scheme requires a continual stream of investments to fund higher returns, once investment slows down, the scheme will begin to collapse under its own weight as the promoter starts having problems paying the [...]