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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWikileaks Exposes How TISA Will Gut Financial Regulations All Over the World
By Don Quijones, Spain & Mexico, editor at Wolf Street, who also writes at Raging Bull-Shit. Originally published at Wolf Street
Its almost impossible to keep anything secret these days not even the core text of a hyper-secret trade deal, the Trade in Services Agreement (TiSA), which has spent the last two years taking shape behind the hermetically sealed doors of highly secure locations around the world.
According to the agreements provisional text, the document is supposed to remain confidential and concealed from public view for at least five years after being signed! But now, thanks to WikiLeaks, it has seeped to the surface.
The Really, Really Good Friends of Services
TiSA is arguably the most important yet least well-known of the new generation of global trade agreements. According to WikiLeaks, it is the largest component of the United States strategic trade treaty triumvirate, which also includes the Trans Pacific Partnership (TPP) and the TransAtlantic Trade and Investment Pact (TTIP).
Together, the three treaties form not only a new legal order shaped for transnational corporations, but a new economic grand enclosure, which excludes China and all other BRICS countries declared WikiLeaks publisher Julian Assange in a press statement. If allowed to take universal effect, this new enclosure system will impose on all our governments a rigid framework of international corporate law designed to exclusively protect the interests of corporations, relieving them of financial risk, and social and environmental responsibility.
Thanks to an innocuous-sounding provision called the Investor-State Dispute Settlement, every investment they make will effectively be backstopped by our governments (and by extension, you and me); it will be too-big-to-fail writ on an unimaginable scale. ............(more)
http://www.nakedcapitalism.com/2015/07/don-quijones-wikileaks-exposes-how-tisa-will-gut-financial-regulations-all-over-the-world.html
diabeticman
(3,121 posts)salib
(2,116 posts)According to the agreements provisional text, the document is supposed to remain confidential and concealed from public view for at least five years after being signed! But now, thanks to WikiLeaks, it has seeped to the surface.
There is no way this provision protects and defends the Constitution of the United States.
Baitball Blogger
(46,574 posts)It is powerful enough to affect the next election.
msanthrope
(37,549 posts)Baitball Blogger
(46,574 posts)Or atleast, will force other candidates to change their platforms. My humble opinion.
msanthrope
(37,549 posts)stance?
Baitball Blogger
(46,574 posts)It didn't work for Bill Clinton, and it is not going work for Obama.
Corporations are cold masters. We shouldn't make any process easier that will ultimately cause harm to members of the public. And that's what is happening here. Our government body is yielding their authority to corporations.
Why is it so difficult to understand why people would want to resist that kind of change?
msanthrope
(37,549 posts)Baitball Blogger
(46,574 posts)Are you really asking me to quote from the article, like this:
"If allowed to take universal effect, this new enclosure system will impose on all our governments a rigid framework of international corporate law designed to exclusively protect the interests of corporations, relieving them of financial risk, and social and environmental responsibility."
msanthrope
(37,549 posts)will be gutted and then explain how TISA would overturn that particular banking regulation.
Baitball Blogger
(46,574 posts)been made available to the public. And what makes these observations credible is the way these agreements have needed the highest level of "need to know" handling.
Ask yourself this question: Why isn't there a massive PR effort coming from the Obama Administration to offer a counter to each counter-point that is made? I don't see it. I don't see anyone from the White House actually trying to defend each point that people feel uncomfortable with.
It's all up, or all down without any really parsing of the details. And that's a dangerous way to do government business.
randome
(34,845 posts)[hr][font color="blue"][center]You should never stop having childhood dreams.[/center][/font][hr]
Baitball Blogger
(46,574 posts)But his observation seems to be consistent with others who have had a chance to look over that document.
msanthrope
(37,549 posts)again can you name a single American banking regulation this is going to gut?
msanthrope
(37,549 posts)As with any other trade agreement, you get to read it when it's final.
nationalize the fed
(2,169 posts)hell many have forgotten the TPP charade already- there's no stopping this crap.
Great track record- NAFTA, TPP, TTIP, TISA- it's all Buy-Partisan
Omaha Steve
(99,066 posts)K&R!
hifiguy
(33,688 posts)to a very simple crux: nothing may be enacted anywhere by anyone by any means which interferes in any way with the generation of profits. And the consequences be damned. Enslave humanity and torch the planet in the name of Holy Profit. The Ferengi overlords have spoken, pigs, now shut up and get back to slaving.
pa28
(6,145 posts)Now future legislation is made difficult if not impossible by agreements like TISA, TPP and TTIP. Current rules on the books will be erased through trade action (most recently country of origin laws on meat).
Now governments will also be forced to address the "concerns" of banks when proposing new regulation and wait a "reasonable time" before implementation? Dodd-Frank is still not fully implemented because banks keep requesting more time.
It genuinely is a corporate coup d'etat and our own Democrats are fronting it now.
Romulox
(25,960 posts)raouldukelives
(5,178 posts)One just has to take a gander at the "people" they support and care about the most.
Then take a look at the people those "people" support and care about the most.
That is where the heart is.
We are where many have worked and invested, very hard and in many cases, for little reward, for us to be.
Still, just because it is an affront to every form of decency and democracy, doesn't make it unimpressive, to them.
When ones god is dollar signs, slavery appears as salvation.