https://www.techdirt.com/articles/20140619/09394627627/wikileaks-reveals-tisas-deregulation-plans-financial-services.shtml

https://wikileaks.org/tisa-financial/analysis.html

humans suck!

There has been a reason for all the protection legislation that has been law at one time or another, and that reason is that the ultra-capitalists will do ANYTHING to make more money. This proves it.

Please see post #18.
It was meant as a response to your post.

This has me all disturbed.

Every time they deregulate some law we are in for eventual problems. Like Glass Steagal, most of these regulations were adopted with very good intentions back when the legislative process and democracy were functioning in this country.

As we know democracy is no longer functioning all that well.

The trade deal advocates know we do not want these clandestine agreements. Their attitude is, "Try to stop us." (we have this nation by the ass)

I am shocked at how 75% or more of the American people can be for or against something, and our politicians still go against the large majority. I don't know what has changed that much. I don't know that any legislation passed because of a need as much as because of the will of the people who held the politicians' feet to the fire. But all of a sudden, they don't even care about that. The "try to stop us" attitude is so prevalent, and I cannot comprehend it.....I only assume that they 1) believe that the large coffers that they amass from siding with business and wealth will win the elections (and they often do with all the false ads), and 2) they think that we are too lazy to really do anything to stop them. They may be right. Sigh.

Our Grandfathers and Great Uncles Shed Blood and DIED to get of these "regulations" imposed on "Free Market" Capitalism to protect them and their children. This is HISTORY. We have already tried unregulated Capitalism...and it didn't work well....except for the top 1%. That era was called the "Gilded Age".

Unfortunately, the History of the LABOR Movement has been removed from our textbooks,
and the Democratic Party no longer highlights the importance of Organized LABOR for the Working Class. Most of the kids today have no fucking idea of what it cost to have these "regulations" imposed on the Corporations. They will have to fight all these battles all over again.

Given the World, Capital will always be able to outrun "regulations" that protect Human Rights and the Environment, and THAT is the purpose of these "Free Trade" agreements.

It takes YEARS...even DECADES for people to organize, petition their governments for protections,
and actually have these protections enacted.Corporations will be able to simply pack up and move overnight to a country with corrupt leaders and loose regulations on Human Rights and Environmental Protections.

If you Work for a Living, don't trust ANY politician who espouses a belief in "Free Trade", "Free Markets", or an "Invisible Hand". None of these things exist, and that politician is NOT your friend.

-Laelth

That is the saddest thing you stated, and all too true. If things don't change, the new fight may have to be worse than the first fights, and they were no picnic. Decades. In reading a biography of Mother Jones, I was shocked that many of the workers who were striking would be out for years.....YEARS. Do we have it in us to do that again? And why should we have to?

I also have disgust for people who are the champions of "free trade", "free markets", etc. I remember learning when I was young that nothing is "free". Other things that make me run in the opposite direction are statements like "we are a capitalist society" and "this is a nation of God", because those are the ones who are going to screw you the worst.

"no fucking idea"

"If you Work for a Living, don't trust ANY politician who espouses a belief in "Free Trade", "Free Markets", or an "Invisible Hand". None of these things exist, and that politician is NOT your friend."

far too many people don't realize that people risked cracked skulls and worse to get us some of the things we enjoy, like paid vacations, 40 hour work weeks, etc. I am 46 years old, and I see all those gains that were made by those before us slowly slipping away.

WTF We know what financial deregulation has done to our economy!

and it is going to happen again ...because they were not prosecuted. These people should be in prison and then thrown out of the country when they get out.

Awesome metaphor of where it's all heading...

http://nadinabbottblog.wordpress.com/2014/06/28/sita-another-secret-deal/
<snip>
SITA: Another Secret Deal

By nadinabbott on June 28, 2014 • ( 0 )

June 28, 2014 (San Diego)

The Service in Trade Agreement is one of a series of Trade Agreements under negotiations, and like the Transpacific Trade Pact, (TTP) this is being negotiated in secret. Wikileaks got it’s hands on some of it, and what we have has been analyzed by Professor Jane Kelsey, Faculty of Law, University of Auckland, New Zealand.

The document points out several things. The first is that we do not have the full document. So a fair complete analysis is not possible. The second point is that:

“Non-disclosure makes it impossible for policy-makers, regulators, non-government supervisory agencies, opposition political parties, financial services firms, academics and other commentators to understand the intended meaning or apply thetext with confidence.”

If Kelsey is correct, the agreement will extend our current weak financial regulations to all treaty nations, This means that what goes on in the US will go everywhere else.

Why should Americans pay attention? Well, for starters whenever we have treaty law that is ratified, it becomes US Law. One thing that this treaty will do is target issues that the industry believes are obstacles to their well being and future growth. Among them are these two jewels that should get all our collective attention:

Repeat after me, We will not obey.

And powerful players are making every play they can to disguise it and keep a ponsy scheme moving at the same time they steal as much as they can.

They are investing the money in Real Estate throughout the world (which is why wordwide inflation of real estate is leaving the world's population behind.

They are preparing for the inevitable currency collapse and trying to get what they can before it happens while moving as much as possible into tangible assets so they can retain their wealth afterwards.

Remember how BushCo was buying up huge plots of land in South America?

A reserve of fresh water in the middle of the continent.

These agreement hurt the US to the benefit of the Multi-nationals and these negotiators and politicians know it.

-Laelth

Most likely since Iran -Contra circa 1979.

They have been systematically adopting trade policies that intentionally harm American workers for a very long time. It has only recently become so obvious.

We have to stop it.

WikiLeaks Reveals True Intent of Secret TiSA Trade Talks

A WikiLeaks exposé has revealed the true intent behind secret 50-country negotiations on a new “financial services” chapter of the Trade in Services Agreement (TiSA) at the WTO in Geneva.

International Trade Union Federation
 26 June 2014

The draft agreement being discussed by government officials is aimed at weakening financial regulation and giving extra market access to hedge funds, banks, insurers and other providers.

Sharan Burrow, ITUC General Secretary, said, “Governments are negotiating away financial regulation in secret, instead of tackling the unfinished regulation task that triggered the current global economic crisis in 2007. It defies belief that they are actually planning to help the already ‘too big to fail’ banks and other financial conglomerates to expand."

“It is deeply disturbing to find out that governments are getting ready to exempt from or expedite the approval of some of the most toxic insurance products, like Credit Default Swaps, and also allow hedge funds and banks to launch ‘unlimited new products’ without proper controls.”

The leaked draft includes self-defeating provisions that would reinforce the power of big finance over democratic processes, with bizarre clauses such as:

“Notwithstanding any other provision of the Agreement”, prudential measures are allowed in order to “ensure the integrity and stability of a Party’s financial system”, but “(w)here such measures do not conform with the provisions of this Agreement, they shall not be used (…)”.

SOURCE w details: http://www.ituc-csi.org/wikileaks-reveals-true-intent-of

-Laelth

One of the best shows on TV.

this: https://en.wikipedia.org/wiki/2007_Boston_bomb_scare

I love your zombie gif.

which is one of the better shows on TV.

So stop saying that.

I'm sure it is all good for us peed-ons. They need us. We are important to them. They care about us. We should just trust them.

Thanks for the thread, snot.

. . . too bad Obama's admin did a total about-face on that (viz. the Transpacific Partnership Agreement, and I think there's an Atlantic equivalent in the works? but forget what it's called . . . )