Trade Talks Must Succeed
Thirty years ago, President George Bush hustled Americans along the road to a “new world order,” code words meaning an end to nations with elected representative governments. Bush 41 put the North American Free Trade Agreement into place, and his protégé and successor, President Bill Clinton, admitted China to the World Trade Organization in 1995. These two deals obtained cheap, foreign-made goods for U. S. consumers, but undercut the crucial employment of the U. S. industrial-manufacturing base. Combining this glaring flaw with unsound Keynesian monetary policies implemented by the Federal Reserve has produced extreme concerns which now require balancing the foreign trade current account and reforming U. S. currency based on sound money principles.