It's been signed away.
Don't understand how one man can hand us all over without at least some say from the People.

By **** Morris
Apr 6, 2009


On April 2, 2009, the work of July 4, 1776, was nullified at the meeting of the G-20 in London. The joint communique essentially announces a global economic union with uniform regulations and bylaws for all nations, including the United States. Henceforth, our SEC, Commodities Trading Commission, Federal Reserve Board and other regulators will have to march to the beat of drums pounded by the Financial Stability Board (FSB), a body of central bankers from each of the G-20 states and the European Union.

What Declaration of Independence?

The mandate conferred on the FSB is remarkable for its scope and open-endedness. It is to set a "framework of internationally agreed high standards that a global financial system requires." These standards are to include the extension of "regulation and oversight to all systemically important financial institutions, instruments, and markets ... (including) systemically important hedge funds."

Note the keyword: "all." If the FSB, in its international wisdom, considers an institution or company "systemically important," it may regulate and oversee it. This provision extends and internationalizes the proposals of the Obama administration to regulate all firms, in whatever sector of the economy, that it deems to be "too big to fail."

The FSB is also charged with "implementing ... tough new principles on pay and compensation and to support sustainable compensation schemes and the corporate social responsibility of all firms."

That means that the FSB will regulate how much executives are to be paid and will enforce its idea of corporate social responsibility at "all firms."

The head of the Financial Stability Forum, the precursor to the new FSB, is Mario Draghi, Italy's central bank president. In a speech on Feb. 21, 2009, he gave us clues to his thinking. He noted that "the progress we have made in revising the global regulatory framework ... would have been unthinkable just months ago."

He said that "every financial institution capable of creating systemic risk will be subject to supervision." He adds that "it is envisaged that, at international level, the governance of financial institutions, executive compensation and the special duties of intermediaries to protect retail investors will be subject to explicit supervision."

In remarks right before the London conference, Draghi said that while "I don't see the FSF (now the FSB) as a global regulator at the present time ... it should be a standard-setter that coordinates national agencies."

This "coordination of national agencies" and the "setting" of "standards" is an explicit statement of the mandate the FSB will have over our national regulatory agencies.

Obama, perhaps feeling guilty for the U.S. role in triggering the international crisis, has, indeed, given away the store. Now we may no longer look to presidential appointees, confirmed by the Senate, to make policy for our economy. These decisions will be made internationally.

And Europe will dominate them. The FSF and, presumably, the FSB is now composed of the central bankers of Australia, Canada, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Singapore, Switzerland, the United Kingdom and the United States, plus representatives of the World Bank, the European Union, the IMF and the Organization for Economic Co-operation and Development (OECD).

Europe, in other words, has six of the 12 national members. The G-20 will enlarge the FSB to include all its member nations, but the pro-European bias will be clear. The United States, with a gross domestic product three times that of the next largest G-20 member (Japan), will have one vote. So will Italy.

The Europeans have been trying to get their hands on our financial system for decades. It is essential to them that they rein in American free enterprise so that their socialist heaven will not be polluted by vices such as the profit motive. Now, with President Obama's approval, they have done it.


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It's all going according to my plan

When Can We get to Tarrin' and Featherin'?

We're up against UN Forces.

Articles By **** Morris
Wednesday, April 01: GM: You Break It, You Own It
Wednesday, March 25: Obama's Just Not That Into You
Wednesday, March 11: Phony Mortgage Plan
Wednesday, February 11: Benedict Arnolds of the GOP
Wednesday, January 28: GOP, Push Free Enterprise
Wednesday, January 21: The Obama Presidency: Here Comes Socialism
Wednesday, January 14: After Bailout, Get Out
Wednesday, January 07: Gaza: The Dove's War
Wednesday, December 17: U.S.-Israel Collision Course
Wednesday, November 26: The Real Threat to Our Economy
Wednesday, November 19: Bush's Legacy: European Socialism
Thursday, November 06: An Election That the Republicans Needed to Lose -- Good Luck Obama
Wednesday, October 29: Undecideds Should Break for McCain
Wednesday, October 22: The Populism Divide
Wednesday, October 15: ACORN Becoming an Embarrassment for Obama
Wednesday, October 08: The Obama-Ayers Connection
Wednesday, October 01: There's Still Time, John McCain
Wednesday, September 24: First Debate: What McCain Must Do
Monday, September 22: Obama's Taxes Could Wreck Economy
Wednesday, September 17: The Emerging Obama Deficit
Wednesday, September 10: November Lineup: Obama vs. Obama
Thursday, September 04: Dems Pounce Too Soon
Thursday, August 28: Dems' Big Blunder and McCain's Big Chance
Wednesday, August 27: The Better Hillary Does, the Worse for Obama
Sunday, August 24: The Obama-Not Hillary Ticket
Wednesday, August 20: Back-to-Back Conventions: The Great Unknown
Wednesday, August 06: Bad Economy May Hurt Obama
Wednesday, July 30: Obama's Women Problem
Wednesday, July 23: Romney: A Mistake for McCain
Wednesday, July 16: Why the Race is Tied
Wednesday, July 09: Obama Would, In Fact, Govern From Left
Wednesday, July 02: Supreme Court Boosts Obama


http://www.realclearpolitics.com/articles/author/****_morris/

Anybody see a pattern???

I see that David said yes.

What is that?

Loud and clear.

If there are consequences, I'll suffer them.
More importantly, your Messiah Obama said yes.
Last line of the article;
Now, with President Obama's approval, they have done it.

My Messiah is Jesus.

You lost me after the Messiah part.

Done What????

technically it should take an amendment to the constitution to do that

it should be an impeachable offense and possibly treason

but hey

what do i know

the federal reserve board is not federal

they are probably behind this big time

Don't know why all the Obamanites are making such a big fuss. They won. We are no longer a sovereign Nation.

That's a different thread!

"The Constitution dies" is a different thread.

Hmmm... Declaration is down and out, Constitution is having it's life support plug pulled.

I'm still looking for "change" but seeing out constant slide into Fascism continue.

no it is not

this is the thread about the actions obama has taken

and yes the constitution has man nails in its coffin

technically the post was not about the constitution

lol these conservative keep me howling with laughter every day.