OBAMA SECRETLY SIGNING AWAY U.S. SOVEREIGNTY
Shock plan regulates food, medicine, financial markers, Internet freedom
Despite the government shutdown, the Obama administration has continued secret negotiations to complete what is known as the Trans-Pacific Partnership, or TPP.
The expansive plan is a proposed free-trade agreement between the U.S., Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam
The agreement would create new guidelines for everything from food safety to fracking, financial markets, medical prices, copyright rules and Internet freedom.
The TPP negotiations have been criticized by politicians and advocacy groups alike for their secrecy. The few aspects of the partnership leaked to the public indicate an expansive agenda with highly limited congressional oversight.
A New York Times opinion piece previously called the deal the “most significant international commercial agreement since the creation of the World Trade Organization in 1995.”
Last week, the White House website released a joint statement with the other proposed TPP signatories affirming “our countries are on track to complete the Trans-Pacific Partnership negotiations.”
“Ministers and negotiators have made significant progress in recent months on all the legal texts and annexes on access to our respective goods, services, investment, financial services, government procurement, and temporary entry markets,” the White House said.
The statement did not divulge details of the partnership other than to suggest a final TPP agreement “must reflect our common vision to establish a comprehensive, next-generation model for addressing both new and traditional trade and investment issues, supporting the creation and retention of jobs and promoting economic development in our countries.”
IMF Proposal to Tax Bank Deposits
A report by Agence France-Presse, the International Monetary Fund strongly suggests countries tax the rich to fix deficit, is a caveat for a bigger risk.
The IMF has set off shockwaves this week in Washington by suggesting countries fight budget deficits by raising taxes.
In its Fiscal Monitor report, subtitled “Taxing Times”, the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income inequalities.”
Let’s be clear: the Trans-Pacific Partnership Agreement is not about “free trade”, it’s about corporations subverting national sovereignty.
This neoliberal final solution will disembowel government by and for the people and replace it with “trade tribunals” whose only care is to decide the squabbles as to who gets the money.
So it’s hardly surprising former exchange trader Key was bolstered into the chairman’s seat in this week’s talks, finding ways to sell out New Zealand for cold cash is his stock in trade. And with the TPPA, he’s hit the jackpot.
See, the TPPA is a series of (secret) agreements binding a hodge-podge of Pacific-Rim countries to its provisions forever and a day, with no parliamentary let alone popular examination or oversight and no opportunity to renege once committed.
Top 5 ways lobbyists win and you lose with the Trans-Pacific Partnership (TPP)