Crash Would Be Worse If America Signed Trans-Pacific Partnership

With U.S. stocks tanking by over 500 points at one point on January 20, the only good news is the crash would be worse if America had already signed the Trans-Pacific Partnership.

A renewed worldwide selloff in stocks is being driven by fear that China’s “economic hard landing” will pull the rest of the world into a deflationary recession due to the interconnected nature of globalized trade. But the negative impacts of China’s demise would be magnified if America had signed the Trans-Pacific Partnership (TPP) trade agreement unveiled on November 5 for a 90-day review period ending on February 4.

China is not an initial participant in the 12-nation TPP “free-trade” deal that includes the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. China is the major trading partner for each of the Asian participants and TPP provisions allow China to administratively join later.

At 5,544 pages long, the treaty is twice as long as Obamacare’s nationalization of the U.S. healthcare system. Provisions of the extremely complex treaty would cause a deeper integration of U.S. and Asian banking; and provide an economic windfall for Hollywood entertainment interests, the pharmaceutical industry, and Silicon Valley corporations that out-source manufacturing to Asia.

But as Breitbart News reported earlier this week in an article titled “Devaluation,” China’s central bank appears to have dumped a record $47 billion of U.S. Treasuries during the first two of 2016 in a crisis effort to slow the devaluation of their yuan currency that is sparking twin corporate and banking crises.

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