According to reputable sources, at "The Guardian co,uk", independent trader Alessio Rastani, was not posturing for the Yes Men. Although "The Guardian" referred to Rastani as "small potatoes", he is a real trader and said nothing to suggest otherwise. He was simply being more candid than other insiders would be. You can read the article in its entirety here. The reason why what happens in Europe is important to America is that all markets are tethered to one another.
Act For Public Policy-- My vision is to create content that is educational and inspiring with respect to public policy and social advocacy. In order to actively and effectively participate in society we must be aware of what is happening in society. The more we know the more apt we are to take steps towards positive change in the area of social justice. Join me in informing the uninformed and to inspiring those who think they have no power over their lives, to act for social change.
Thursday, September 29, 2011
Wednesday, September 28, 2011
"Governments Don't Rule the World, Goldman Sachs Rules the World" says Alessio Rastani in an interview with BBC News
An interesting interview appeared on BBC News where trader, (view video here) Alessio Rastani--whom some say is also a prankster, and member of the yes men--made a strong prediction that the Eurozone market is going to crash with the next twelve (12) months, and that people need to prepare themselves. He says "there's money to be made if you know what to do." Was it a hoax or not?
Sunday, September 25, 2011
The United States' Free Trade Agreements
What is NAFTA? NAFTA is an acronym for the North Atlantic Free Trade Agreement which exists between three countries: Canada, the United States, and Mexico. This trade agreement is the world's largest free trade area in terms of the Gross Domestic Product (GDP), and was launched 15 years ago to reduce trading cost, increase business investment, and help North America be more competitive in the global market place.
Has it worked, and if so, for whom?
Over time, we will begin to develop an answer to this question by considering the pros, and cons of Neoliberalism, and how its policies and practices effect our lives.
As of January 1, 2008, all tariffs between the three countries were eliminate. Between 1993-2009, trade tripled from $297 billion to $1.6 trillion.
(Source: USTR, NAFTA)
In addition to NAFTA, the United States has signed free trade agreements with 17 countries. These countries are:
Australia;Bahrain, Canada, Chile, Costa Rica, Dominican Republic,
El Salvador, Guatemala, Honduras, Israel, Mexico, Morocco,
Nicaragua, Oman, Peru, and Singapore.
The United States has signed free trade agreements with Colombia, Korea, and Panama, but Congress must enact legislation to approve and implement each individual agreement in order for them to go into effect.
The United States is also in negotiations as a regional, Asia-Pacific trade agreement, known as the Trans-Pacific Partnership (TTP) Agreement which the objective of shaping a high-standard, broad based regional pact.
Related Links
World Trade Organization (WTO) & Multilateral Affairs
Trade & Investment Framework Agreements
Bilateral Investment Treaties
Other Initiatives
Has it worked, and if so, for whom?
Over time, we will begin to develop an answer to this question by considering the pros, and cons of Neoliberalism, and how its policies and practices effect our lives.
As of January 1, 2008, all tariffs between the three countries were eliminate. Between 1993-2009, trade tripled from $297 billion to $1.6 trillion.
(Source: USTR, NAFTA)
In addition to NAFTA, the United States has signed free trade agreements with 17 countries. These countries are:
Australia;Bahrain, Canada, Chile, Costa Rica, Dominican Republic,
El Salvador, Guatemala, Honduras, Israel, Mexico, Morocco,
Nicaragua, Oman, Peru, and Singapore.
The United States has signed free trade agreements with Colombia, Korea, and Panama, but Congress must enact legislation to approve and implement each individual agreement in order for them to go into effect.
The United States is also in negotiations as a regional, Asia-Pacific trade agreement, known as the Trans-Pacific Partnership (TTP) Agreement which the objective of shaping a high-standard, broad based regional pact.
Related Links
World Trade Organization (WTO) & Multilateral Affairs
Trade & Investment Framework Agreements
Bilateral Investment Treaties
Other Initiatives
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