T-TIP: Salvation or Trash-Tip?

By Alasdair Macleod – Re-Blogged From http://www.GoldMoney.com

President Obama weighed into the Brexit debate on his recent visit to the UK, saying that if Britain left the EU, she would be at the back of the queue when it comes to a free trade agreement.

If this was intended to scare voters into voting Remain, the tactic seems to have failed, with the subsequent swing in the polls favouring Brexit. However, this intervention has drawn widespread attention to the current trade negotiations between the US and the EU, known as T-TIP.

It stands for Transatlantic Trade and Investment Partnership, and is intended to be a free trade and investment agreement between the United States and the (currently) 28 member states of the EU. It makes eminent sense to have free trade between these two economic powers, which account for over 50% of world GDP. Both sides recognise the economic benefits, hardly surprising for America which experienced the disaster of the 1930 Smoot Hawley Tariff Act. It is a little surprising that the EU’s leaders, who genuinely dislike Anglo-Saxon concepts of free markets, and therefore the concepts behind free trade, also accept it will improve prospects for the EU economy.

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The Litigators Of War

By Jeffrey Lewis – Re-Blogged From http://www.Silver-Phoenix500.com

`Let the jury consider their verdict,’ the King said, for about the twentieth time that day.

`No, no!’ said the Queen. `Sentence first–verdict afterwards.’

`Stuff and nonsense!’ said Alice loudly. `The idea of having the sentence first!’

`Hold your tongue!’ said the Queen, turning purple.

`I won’t!’ said Alice.

`Off with her head!’ the Queen shouted at the top of her voice.

— Lewis Carroll, “Alice’s Adventures in Wonderland”

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