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marmar

(76,982 posts)
Sun Jul 5, 2015, 07:23 PM Jul 2015

Wikileaks 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



It’s 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 agreement’s 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




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Wikileaks Exposes How TISA Will Gut Financial Regulations All Over the World (Original Post) marmar Jul 2015 OP
This is why Fast Track was so important to pass. Fast Track is going to allow this bill to plow thru diabeticman Jul 2015 #1
Five years of treason. salib Jul 2015 #2
I understand why they wanted it silenced. Baitball Blogger Jul 2015 #3
Not really. IDS is an election issue? For whom? nt msanthrope Jul 2015 #5
The TISA treaty revelations will favor Bernie Sanders. Baitball Blogger Jul 2015 #6
Sure. Can you tell us which revelations will materially change any candidate's msanthrope Jul 2015 #7
Gutting financial regulations is a given. Baitball Blogger Jul 2015 #10
"Gutting financial regulations." Kindly explain what is being "gutted." nt msanthrope Jul 2015 #14
What? You want me to read the article to you like a bedtime story? Baitball Blogger Jul 2015 #15
And that's gobbledygook......name an actual regulation you think msanthrope Jul 2015 #16
It's not gobblygook. It is an observation made by those who have read what little has Baitball Blogger Jul 2015 #17
It's Assange's opinion, who clearly has an agenda to keep his followers frightened. randome Jul 2015 #18
Possibly so. Baitball Blogger Jul 2015 #19
its is assange's opinion. therefore it is gobbledygook..... msanthrope Jul 2015 #23
Um, no.....the drafts are sequestered for five years, but not the agreement itself. msanthrope Jul 2015 #4
k/r TPP, TISA, TTIP nationalize the fed Jul 2015 #8
There are DUers that just don't get this Omaha Steve Jul 2015 #9
K&R valerief Jul 2015 #11
All of this fascist shit boils down hifiguy Jul 2015 #12
Public interest laws and regulations are one reason we elect Democrats pa28 Jul 2015 #13
This is what DU's rightwingers *want*, but are too cowardly to admit. nt Romulox Jul 2015 #20
Thanks to Citizens United they don't need to say a word. raouldukelives Jul 2015 #21
K & R AzDar Jul 2015 #22

salib

(2,116 posts)
2. Five years of treason.
Sun Jul 5, 2015, 07:42 PM
Jul 2015

According to the agreement’s 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)
6. The TISA treaty revelations will favor Bernie Sanders.
Sun Jul 5, 2015, 08:35 PM
Jul 2015

Or atleast, will force other candidates to change their platforms. My humble opinion.

Baitball Blogger

(46,574 posts)
10. Gutting financial regulations is a given.
Sun Jul 5, 2015, 09:31 PM
Jul 2015

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?

Baitball Blogger

(46,574 posts)
15. What? You want me to read the article to you like a bedtime story?
Sun Jul 5, 2015, 11:45 PM
Jul 2015

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)
16. And that's gobbledygook......name an actual regulation you think
Mon Jul 6, 2015, 02:01 AM
Jul 2015

will be gutted and then explain how TISA would overturn that particular banking regulation.

Baitball Blogger

(46,574 posts)
17. It's not gobblygook. It is an observation made by those who have read what little has
Mon Jul 6, 2015, 08:56 AM
Jul 2015

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)
18. It's Assange's opinion, who clearly has an agenda to keep his followers frightened.
Mon Jul 6, 2015, 09:24 AM
Jul 2015

[hr][font color="blue"][center]You should never stop having childhood dreams.[/center][/font][hr]

Baitball Blogger

(46,574 posts)
19. Possibly so.
Mon Jul 6, 2015, 09:27 AM
Jul 2015

But his observation seems to be consistent with others who have had a chance to look over that document.

 

msanthrope

(37,549 posts)
23. its is assange's opinion. therefore it is gobbledygook.....
Mon Jul 6, 2015, 05:10 PM
Jul 2015

again can you name a single American banking regulation this is going to gut?

 

msanthrope

(37,549 posts)
4. Um, no.....the drafts are sequestered for five years, but not the agreement itself.
Sun Jul 5, 2015, 08:08 PM
Jul 2015

As with any other trade agreement, you get to read it when it's final.

nationalize the fed

(2,169 posts)
8. k/r TPP, TISA, TTIP
Sun Jul 5, 2015, 08:49 PM
Jul 2015

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

 

hifiguy

(33,688 posts)
12. All of this fascist shit boils down
Sun Jul 5, 2015, 09:53 PM
Jul 2015

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)
13. Public interest laws and regulations are one reason we elect Democrats
Sun Jul 5, 2015, 10:22 PM
Jul 2015

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.

raouldukelives

(5,178 posts)
21. Thanks to Citizens United they don't need to say a word.
Mon Jul 6, 2015, 10:46 AM
Jul 2015

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.









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