Yet More Power for the Global 1 Percent

[marmar]

via truthdig:


Yet More Power for the Global 1 Percent
Posted on Apr 5, 2013


Much is made over the alleged ceding of U.S. sovereignty to international bodies every time a potential global treaty appears in the news. The Trans-Pacific Partnership, a U.S.-led free trade agreement that would exempt multinational corporations from having to comply with policies governing industry in signatory countries, appears to be the real thing.

In 2008, American leaders gave a $13 trillion bailout to the banks that drove the nation into economic bedlam. Late last month, officials in Cyprus failed in an attempt to confiscate depositor funds in order to qualify for inclusion in a European bailout of their own. And a recently uncovered paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England written in late 2012 showed that G-20 countries have long been laying the groundwork for similar action within their own borders in the event that another crisis strikes.

Taken together, those three events should eliminate any doubt about the loyalties of many of the world’s major governments when it comes to disbursing public money. They’re with the rich and against everyone else. The average citizen’s earnings—whether they sit in a bank account or in a treasury in the form of taxes—belong to the ruling class if they wish to take them.

The Trans-Pacific Partnership is a circumvention of government. Its draft statement is not a product of the deliberation of U.S. legislators or apparently legislators in other countries, but of the Obama administration and representatives of deliberating nations and roughly 600 corporations. The talks are held multiple times a year and always in secrecy. Helicopters hover overhead while paramilitary teams patrol the conference grounds and a near-total media blackout ensures little is learned by anyone outside. ...................(more)

The complete piece is at: http://www.truthdig.com/eartotheground/item/the_trans-pacific_partnership_more_power_for_the_global_on_percent_20130405/?ln

[woo me with science]

1. K&R

[Cal Carpenter]

2. K & R

For anything that increases understanding that ECONOMICS is global, growing economic inequality and injustice means that any quaint notions of political democracy are basically moot. And it goes waaaay beyond the US partisan electoral process.

[OnyxCollie]

3. K&R. nt

[xtraxritical]

4. TransPacific Partnership = Obama, SS chained CPI = Obama, Obama = empty set.