Turning the World into Greece
While I was writing my last post ["TISA mroe scary than TPP]I did a search for Ben Beachy and the wikileaks articles and I got 10 pages of ads. I had to spend about 10 minutes getting past google and refine my search terms to get an actual search. Wonder why? It's probably because Google, Netflix, Bing, Microsoft, etc... are writing TISA. Anyway here is the text of the public citizen News Release with my comments:
It would be helpful if policymakers acted with some recognition that the 2008-2009 financial crisis actually occurred. It shouldn’t be hard. In the United States alone, nearly $20 trillion in wealth was lost, between lost output and lost home equity; unemployment peaked at 10 percent; millions of families lost their homes. The situation was worse in much of the world, with severe problems continuing in many countries, notably in Europe."
On the contrary the interests who are writing TISA with the support of revolving Door Trade Representatives learned from the Financial Meltdown that they can get away with three part frauds:
- First stage is to use the money supply and advertising to turn some commodity (such as real estate) into a leveraged bubble. Sell debt with promises of riches by making people think they are buying homes, businesses, or going to make a lot of money.
- Second Stage, use financial derivatives to bet against those people achieving their riches.
- Third Stage, foreclose on the poor rubes who bought into the first stage of the Fraud.
- Common Dreams is reacting to a News Release from Public Citizen:
- Read the Article at Common Dreams:
- Previous post: [http://holtesthoughts.blogspot.com/2015/07/tisa-even-more-scary-than-tpp.html]
They are using this method in country after country to practice a sort of financialized neo-liberalism. Instead of:
"Learning from the crisis means not repeating the deregulatory and non-enforcement mistakes that led up to it. Yet a secret international trade agreement, the Trade in Services Agreement (TISA), threatens to adopt and impose a global financial deregulatory standard."
The Service Industry doesn't see the meltdown as a mistake. It was a highly successful swindle that left the swindlers billionaires. The only thing the financial services industry and it's little toys (companies owning telephone, internet, roads, bridges, infrastructure, software, etc...) have learned from the financial meltdown is that burning off real wealth by mixing it with paper wealth is a great way to acquire assets and shift ownership of real wealth to themselves while punishing victims such as homeowners in the USA or little colonial enterprises like Greece.
Almost nobody guilty went to jail. No billionaires were forced to return their treasure, the chests were buried in offshore beaches and pirate havens, for later retrieval and now they have a tried and true method to extract wealth from all over the earth and accumulate power to themselves. They can do all this, and then come in and pose as saviors, piling on more debt by loaning people their own money at interest to pay the interest on the money they were loaned at interest that they couldn't pay before. They can enslave a few politicians and use them to enslave the whole world. That is the lesson this industry learned. And TISA is another round of laws that will provide all the loopholes they need to keep doing this cycle til they can declare themselves a world aristocracy formally.
Rubin and his disciples, playing the left and Friedman, Greenspan and his disciples playing the right, perfected this sort of privateering corrupt regulation in the name of de-regulation starting in the 70's. In a free-booting world you can bet on anything. Exchange rates, whether businesses will fail, etc... and if you are savvy you can make money from other folks money and other folks failure. Even better people will welcome you as a savior when you spread the money around. When a person is desperate for money they will take any terms on a loan. And when you are unscrupulous you can always find public officials to Greece, especially if you can saddle the public with those loans. Banks loan people their own money and they are grateful for it. But the key is, to get laws changed and make it all nice and legal. TISA will be a letter of Marquee for modern piracy worldwide just as de-regulation provided such letters for Enron and even crazier frauds..
"Our analysis of a leaked version of the draft agreement, along with a draft annex on financial services, identifies threats to rules and policies ranging from limits on overall bank size to consumer protections, from prophylactic protections against new speculative financial instruments to limits on transfers of personal financial data."
"It is unimaginable that such an agreement is under negotiation while the global economy is still recovering from the most severe crisis since the Great Depression, and while Greece and other countries are still reeling from developments related to the crisis."
"Yet, thanks to the publication of the TISA texts by WikiLeaks, we know that such negotiations are in fact underway."
Once you understand that the giant banksters got away with it. It is not only imaginable, but not a surprise at all.
"Post-crisis, the United States and countries around the world have tightened their domestic financial regulations, imposing somewhat tougher restraints on Wall Street and financial centers around the world. TISA is an effort by Wall Street and its global counterparts to undo those positive steps in a forum absolutely closed to the public."
Actually the United States has had trouble implementing reforms. And with TISA they won't be able to.
"To analyze the TISA text is to see that negotiators are ignoring the lessons from the financial crisis, and to see how vital it is to shine a light on the secret TISA negotiations. These leaks show that it is imperative for TISA negotiators to suspend their efforts, publish all texts under negotiations and not resume until there is a proper public debate about their radical deregulatory maneuvers."
The "New World Order" is not the Right Wing or Left Wing fantasy. Just international piracy involving Kochs, Republicans, and the wealthy of all advertised ideologies; and it works through trade agreements like TISA.