It is shown that Bell's theorem fails for the Clifford algebra valued local realistic variables. This is made evident by exactly reproducing quantum mechanical expectation value for the EPR-Bohm type spin correlations observable by means of a local, deterministic, Clifford algebra valued variable, without necessitating either remote contextuality or backward causation. Since Clifford product of multivector variables is non-commutative in general, the spin correlations derived within our locally causal model violate the CHSH inequality just as strongly as their quantum mechanical (...) counterparts. (shrink)