Fast-tracking TiSA: Stealth Block to Monetary Reform
by Ellen Hodgson Brown / June 12th, 2015
It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
Attributed to Henry Ford
The revelation may have done more than that. The entire basis for maintaining our private extractive banking monopoly may have been thrown out the window. And that could help explain the desperate rush to fast track not only the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Partnership (TTIP), but the Trade in Services Agreement (TiSA). TiSA would nip attempts to implement public banking and other monetary reforms in the bud.
The Banking Game Exposed
The BOE report confirmed what money reformers have been saying for decades: that banks do not act simply as intermediaries, taking in the deposits of savers and lending them to borrowers, keeping the spread in interest rates. Rather, banks actually create deposits when they make loans. The BOE report said that private banks now create 97 percent of the British money supply. The US money supply is created in the same way.
TiSA involves 51 countries, including every advanced economy except the BRICS (Brazil, Russia, India, China, and South Africa). The deal would liberalize global trade in services covering close to 80% of the US economy, including financial services, healthcare, education, engineering, telecommunications, and many more. It would restrict how governments can manage their public laws, and it could dismantle and privatize state-owned enterprises, turning those services over to the private sector.
Recall the secret plan devised by Wall Street and U.S. Treasury officials in the 1990s to open banking to the lucrative derivatives business. To pull this off required the relaxation of banking regulations not just in the US but globally, so that money would not flee to nations with safer banking laws. The vehicle used was the Financial Services Agreement concluded under the auspices of the World Trade Organizations General Agreement on Trade in Services (GATS). The plan worked, and most countries were roped into this liberalization of their banking rules. The upshot was that the 2008 credit crisis took down not just the US economy but economies globally.
Full article: http://dissidentvoice.org/2015/06/fast-tracking-tisa-stealth-block-to-monetary-reform/
http://www.flushthetpp.org/
BBM.
stuffmatters
(2,574 posts)It's a privatization death trap.. Anything privatized (ex Charter Schools, Private Prisons, municipal water districts) can never be
returned to the public, and any service now public can be forced to privatize (I'm thinking of the State Bank in North Dakota,
semi public USPS...but list could be endless under corporate kangaroo court interpretations.)
Thanks you for posting this. I wish more attention had been paid to Ms Brown when she ran for Ca office in 2014 and her campaign for a Ca State Bank. She's Ca's Eliz Warren!