In my email inbox was a message with this title:
THE DECLARATION OF INDEPENDENCE HAS BEEN REPEALED by Dick Morris Here's some of what his article says: On April 2, 2009, the work of July 4, 1776 was nullified at the meeting of the G-20 in London. The joint communiqué 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.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 key word: "all." If the FSB, in its international wisdom, considers an institution or company "systemically important", it may regulate and over see 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."
Click the link above to read the entire article.
If you wonder if this is true, you can do a Google search of Financial Stability Board and find two press releases they released on April 2.
You'll also find articles like this one:
G-20 Shapes New World Order With Lesser Role for U.S., Markets
April 3 (Bloomberg) -- Global leaders took their biggest steps yet toward a new world order that's less U.S.-centric with a more heavily regulated financial industry and a greater role for international institutions and emerging markets.
At the end of a summit in London, policy makers from the Group of 20 yesterday delivered a regulatory blueprint that French President Nicholas Sarkozy said turned the page on the Anglo-Saxon model of free markets by placing stricter limits on hedge funds and other financiers. The leaders also pledged to triple the resources of the International Monetary Fund and to hand China and other developing economies a greater say in the management of the world economy.
"It's the passing of an era," said Robert Hormats, vice chairman of Goldman Sachs International, who helped prepare summits for presidents Gerald R. Ford, Jimmy Carter and Ronald Reagan. "The U.S. is becoming less dominant while other nations are gaining influence."
Click the link above to read the rest of the story.
Then check out: Financial Stability Board: How it will work
Here's what one blogger had to say:
U.S. Effectively Became a Socialist Nation On April 2
The blog entry begins: Those US financial institutions not already seized by Obama were turned over to the international, Financial Stability Board (FSB) chaired by an Italian banker during the G20 meeting in London when this group of stalwarts announced they had 'saved the world'.
This means that European socialists will have control of all facets of the American economy.
One of our own, Kimberly L., recently posted an article with a kinder title than some of these. In her article, there is a link for a petition to stop Obama.
Obama Trying to Sell America's Independence
In less than 80 days, Obama has done exactly what conservatives all over the country warned he would do. What more can we expect?
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Comments: 47
~M
1. The demeaning of American Hero Max Cleland, when the supporters of the man who would not take a urine test to defend Alabama from the Viet Cong said Senator Clelands' war wounds did not meet their standards.
2. The magnificent moment when our war president dressed up in a flight suit, with full regalia, on a battleship resting a few feet from the California coast, with a camera angle that made our hero look like a warrior at sea having won the Battle of Midway.
3. Our courageous leader attacking opponents for not supporting the troops, while wounded troops a few feet from his attack endured from his mismanagement, rats, mice, lice, urine, feces, broken ceilings, creaky floors, and punishment for asking their wounds be treated with dignity.
4. America's most infamous Ivy Lead graduate who ran our government like a CEO, and was responsible for $10 billion of American money for Iraq reconstruction being lost, stolen, and corrupted.
5. And losing more than $12 billion and 365 tons of Iraqi cash that was also lost, stolen and corrupted.
6. And giving a presidential medal of freedom to our Best Dressed Proconsul, who presided over this fiasco in the image of our Decider.
7. Who can forget the Bush passion for Iraqi Democracy, with his drive to install as Iraq's head of state a London Based exile in lizard shoes, rolex watches and Saville Row suits bought especially for neoconservative dinner parties in our Capital?
8. A fond memory of Ann Coulter accusing the widows of 9-11 of being harpies who were pleased that their husbands were dead, and the gallant, chivalrous memory of our war president coming to their defense!
9. A special reminiscence to the greatest vacationing President in history, planning for the Katrina Hurricane from a fortified bunker in his summer retreat, taking time from his cutting of brush and bicycle rides to give Brownie his marching orders before the hurricane arrived!
10. Memories of the day that the president inspired such fear in our capital that the home of our government saw a mad rush to buy duct tape, bottled water, and bullet proof vests while our heroic vice president absconded to undisclosed locations.
11. Who cannot fondly recall the Republican National Convention where our leader and his henchmen brought little toys to make fun of the Purple Heart, to demean a recipient of bronze and silver stars for valor?
Where were you morons then?
Your party have a really rotten day.
:)
No disrespect to anyone, but I think if something is going to stop this nonsense in the world, the Good Lord will need to intervene.
'nugh said from me.
Mooch
I for one, am not going to pretend what is happening is just another page of human history turning . . I think it's the last page.
Unless of course Dick Morris is full of it. A clue might be found in the title of his rant. The Declaration of Independence isn't a law, so it can't be repealed. And since there are many very profitable companies in Europe (Royal Dutch Shell, Siemens, Carrefour, Daimler, Nokia, Tesco, etc. come to mind), Mr. Morris' comments about Europe being a "socialist heaven" where the profit motive is considered a vice looks like a bunch of BS as well.
I wonder why Dick Morris would want to say such things, when it's so obvious that they aren't true?
Wilbur.....there are articles all over the Internet advocating for socialism...and one common thread in these articles is ' European Socialism ' Last time I checked, there were no socialist countries in Europe as of a couple of days ago.
But then again our current Commander in Chief recently canned the CEO of GM and the word being spread around by the media is that he plans to can more CEO's of other major U.S. corporations....and that should be a major concern.
Yes, Marilyn, it is a load of crap. But as far as I can tell, it's Dick Morris' load of crap. I've been reading the G20's Declaration on Strengthening the Financial System [PDF file], and what it had to say about the Financial Stability Board, and in particular what it had to say about compensation, and I think Mr. Morris is making things up. I don't see anything that says the FSB will be able to determine pay and compensation. But if John Knight's comments about the turning of the last page of human history are the kind of thing that gets your excited, then I can see why you want to believe Dick Morris and accept his load of crap as the truth.
It depends on who's doing the talking, Tim. For those on the right, especially the far right, ranting about socialism and communism is about all they've got, so they're playing it for all it's worth (and apparently it's not worth much).
For some of the hard-core anarcho-capitalist libertarian types, any government regulation of the market is wrong. Which may seem appealing to people who think the government ought to keep its nose out of peoples' business, but when you get down to the nitty-gritty, it might not seem so appealing. For example, some libertarians believe that it should be perfectly legal for a parent to lock their kids in a closet and let them starve to death. Others think it would be perfectly legal to execute a woman for aborting a baby that was the result of rape. Great stuff, don't you think?
And then there's the left. Where are they? Where are all the socialists and communists marching and dancing in the streets, singing the praises of the new centralized world government? Why are guys like Evo Morales and Hugo Chavez describing this as leaving a wolf to care for the sheep, and "entrusting beef to vultures"? Those guys are socialists, aren't they?
"But then again our current Commander in Chief recently canned the CEO of GM and the word being spread around by the media is that he plans to can more CEO's of other major U.S. corporations....and that should be a major concern."
To be honest I'm more concerned about the number of major U.S. corporations facing bankruptcy (and seeking financial assistance from the U.S. government to avoid it) than I am about the CEOs of those companies getting "canned".
Their HATE is so great, they actually believe they are making sense.
Hitler and his approach to government is quite different from that which we see in the U.S. today. You are crying wolf and that, in itself, is a danger.
The "high ups" ran the ship onto the rocks, and that itself is now the reason the "higher ups" must have more control.
What?????????????
Where were you last November? It's called democracy. I didn’t like how Bush was the REAL culprit leading us into fascism but I sought his overthrow through the ballot box not LYING and FEAR MONGERING to pea brains to overthrow the government.
Call your congressman and tell him Hitler is in power, see if he doesn’t think you are psychotic too.
Has anyone ever heard of anything so ridiculous?
How psychotic must you be to believe such stupidity?
Do you smoke the tea at those tea parties?
"I didn’t like how Bush was the REAL culprit leading us into fascism ..."
And you actually think there can only be one "culprit" at a time?
"... but I sought his overthrow through the ballot box not LYING and FEAR MONGERING to pea brains to overthrow the government."
Does hypocricy mean nothing to you? It is you that are calling people hateful and claiming they are a danger if they protest what the "rulers" decide to do, and already you have surrendered your status as the rightful ruler of your own nation. We didn't used to elect rulers, but servants.
"Call your congressman and tell him Hitler is in power, see if he doesn’t think you are psychotic too."
And why, pray tell, ought we ask our congressman that? Since when do we ask our public servants to verify our sanity?
And yet I'm not worried, Marilyn. Why would I? Neither you nor Dick Morris has offered any evidence that what you say is true.
"Wil, the press releases that FSB sent out - I think there were 3 - surely sounded like THEY think they have the ability to control companies in all ways, including compensation and pay matters."
Maybe they sounded that way to you, Marilyn. They didn't sound that way to me. As far as I know, there were two recent press releases, and one of them ("Financial Stability Forum re-established as the Financial Stability Board") doesn't mention compensation at all. The other one ("Financial Stability Forum Issues Recommendations and Principles to Strengthen Financial Systems") briefly mentions the "Principles for Sound Compensation Practices", with additional explanation in one of the annexes. Those principles call on the boards of directors of large financial firms to "actively oversee the compensation system’s design and operation". Another document, called FSF Principles for Sound Compensation Practices [PDF file] goes into greater detail on those principles, but nowhere in there does it say anything about the FSB having the "ability to control companies in all ways, including compensation and pay matters".
I think you and Mr. Morris are just making that up because you want people to be worried and scared.
Ummmm..... Bush gone. So my comment is ---
Mmm... and?
+tap, tap, tap+
+watching left, listening+
+small head shake, once+
+watching right, listening+
+another small head shaking+
+quick glance left, then right, then left+
Mmm....
+shrug+
Okay then ...
On to more serious reading.
The American people will not answer to a foreign body. Wont happen. I cant believe that we still have 3.8 years to go... it scares the hell out of me.
~M
Michael A., Apr 10, 2009, 3:39pm EDT
...turning the page on the Bush doctrine of war first and international cooperation last is a good step in the right direction.
Brian (glad 1-20-09 came!) T., Apr 10, 2009, 8:16pm EDT
It's not just those on the far right. From what I've seen here on Gather and other sites, it's those on the far left who are advocating for socialism.
"To be honest I'm more concerned about the number of major U.S. corporations facing bankruptcy (and seeking financial assistance from the U.S. government to avoid it) than I am about the CEOs of those companies getting "canned". "
I'm concerned as well about U.S. corporations facing bankruptcy, but I'm also concerned that now the President of the United States can now fire exucitives of those same corporations. If you aren't concerned about that, then so be it. That's up to you. But as for me, I'm very concerned.
I wonder if the UN has a day care?
Al Gore once said that Yellowstone belonged to the world and the psychopaths literally took it that he gave away our National Park.
Wasn't it the psycho right who were screaming some nonsense about Bush Derangement syndrome? If you hated what Bush did, you had some kind of derangement.
Boy, they are some sick hypocritical pieces of work.
Well, no doubt hypocrites exist, but that does not render all who see our Republic slipping away, hypocrites. I for one, was treated to the presumptive calls of "Bush-hater", and "terrorist sympathizer", and "loony leftist", quite often. And now, I am subjected to "right wing-nut", "Obama-hater", and "racist homophobes", etc., by some of the very same people that once called me wise for denouncing their counterparts . . .
The red/blue slush is quite addictive, it seems, but the real power-brokers don't drink it, they make it, just for you ; )
The difference now is the government backed the bubble and paid them off. It's not some sort of conspiracy to take over the government. It's the aftermath of greed and continuing suspicion and apprehension as to who's going to manage the economy.
If there wasn't worthless paper out there to deflate, we wouldn't have to reorganize on this large a scale. The investments that were company backed pensions and personal savings in the past were invested in 401K's that were then invested in the most profitable short-term investments. Speculation in the housing market didn't help either.
Since so much is invested internationally, we have an international solution. If you're truly worried, encourage investment in the most fiscally sound smaller businesses and call your representatives in congress to voice your concerns.
Otherwise as Goldwater said, "Extremism in the defense of liberty is no vice."
And for those I know that are more on the "left", so to speak, they are more interested in farmers markets than corporations, so please know of what you speak.
Sincerely.
Be ready, the day and hour will come, ready or not . . .
This a waste of time. It is also scary to know there are people who are so easily swayed and think pigs are flying and the sky is falling.
No wonder the Nigerian schemes have made so much money.
I have seen no headlines in the newspaper, especially mine right wing for sure, who describes the G20 as the end of the constitution.
If Bush did not abide by the Geneva convention, a treaty, I am sure we can change our mind anytime about any agreement we make.
The global economy was brought forth by the GOP, they have been around for what 40 years? Bush dad was already talking about a world order and sent all the corporation overseas and then the market went global, who allowed that to happen?
The summit is to make sure we have no market collapse, no loss of capital and pension and will give security to investors to invest money.
I assume all of Wall street heard the news and fell? No, it went up.
Do any of you in panic have any money invested in the market?
Do you understand how the market works?
Can you learn how to think logically?
Have fun before too late, the end the world is near, we will have a rapture first and people will disappear in thin air. Then the Antichrist will come on a space ship maybe and then who knows? Maybe pigs will fly.
Already did, lea, and you ought to try. That "whatever pops into my head" stuff, will just confuse you.
From some of the things I've read in the Bible, it seems your god isn't much interested in all that "of, by and for the people" stuff. But in any case, I don't see how the FSB violates the Constitution.
Let it go, man. It isn't worth wasting the digital ink any more.