Posted on 04/09/2009 7:51:33 AM PDT by HonestConservative
Obama's G20 plan kisses off Declaration of Independence New international board to intervene in decisions about U.S. companies
At the G20 meeting in London, President Obama agreed to create of an international board with authority to intervene in U.S. corporations by dictating executive compensation and approving or disapproving business management decisions, Jerome Corsi's Red Alert reports.
Political consultant Dick Morris said that by agreeing to create the Financial Stability Board, Obama is a "willing accomplice" to a decision that effectively repealed the U.S. Declaration of Independence and abrogated the sovereignty of the United States.
(Story continues below)
The final communiqués coming out of the G20 meeting in London April 2 included a document entitled "Declaration on Strengthening the Financial System."
"By agreeing to the stipulations in this document, President Obama gave the blessing of the United States to the G20 decision to elevate the Financial Stability Forum into the Financial Stability Board," Corsi wrote. "The United States has only one vote in the newly constituted Financial Stability Board, a group that will be largely controlled by European central bankers."
The new global regulator now has the authority to examine all U.S. banks, brokerage firms and corporations – including non-financial companies such as the Big Three automakers – to examine operations and determine risk.
The Financial Stability Board then has the international authority to set policies in these corporations, including compensation packages the private boards of directors in the examined companies decide to pay top executives and senior managers.
(Excerpt) Read more at worldnetdaily.com ...
While the G20 focused on regulating risks in hedge funds and derivatives, the authority of the Financial Stability Board extends to any banking, brokerage or business practice by a major U.S. corporation that the Financial Stability Board on its own authority determines is unduly risky.
Under the premise that the IMF and the Financial Stability Board would have the ability to make loans to important U.S. corporations, the IMF and the Financial Stability Board become the effective global regulators over the corporate world, superseding all U.S. governmental authorities, including the Federal Reserve, the U.S. Treasury, the Federal Deposit Insurance Corporation and a host of corporate regulators, including the U.S. Department of Commerce and the U.S. Department of Labor.
Will Tea Parties do the trick?
And yet, our elected Republicans stand by silent, unwilling to even so much as express the remotest of concern.
I bet New Zealand would gladly host as many of your American companies as would like to avoid this bureaucratic mess. Just pick ‘em up lock, stock and barrel, register them in New Zealand, de-register them in the US, and pay New Zealand tax instead.
Then say “Boo Hoo Sucks to You” to the G20.
Well, the TOTUS reader can’t legally do this — but he is too stupid and arrogant to know that.
Wait for the first edict to come from the G20 to a private US. Corporation — it will be in court so fast it will make your head spin.
I guess there was no room left under the bus.
Depends on who the Corporation is.
If they have union workers, ruh, ro.
New Zealand makes immigration to their country very difficult, wisely.
They don’t want our mistakes.
Only if they keep them going.
Yeah, I’m sure that crowds of people holding signs will deter the narcissistic megalomaniac with a messiah complex
from completely enslaving us to a world governing body.
Roll Baaarack in a rug.
In his dreams. If the American people continue to stand up against this crap, it will never happen. Nobody controls the United States except the people of the country. The only way something like this can happen is if the people allow it.
Now is thime to fight like h*ll for our country. I hope that more than just we, here at FR, can see this...I fear not :(
The media has been pretty successful ignoring them. Maybe we should start having tea parties right in front of media buildings.
What court is that? An American court presided over by liberal one worlders, or an international court preside over by liberal one worlders?
Where are the “corporate titans”? There aren’t any. All the big corporations have been co-opted by the government. They don’t give a rat’s ass about independence, this country, or the companies they run. If the money comes from the gov, so what? They will still get their comps and perks and tax free benefits and hidden bonuses.
Nothing will change until the people change it. That means physically changing it first through the ballot box, and failing that, by secession and legal force of arms if necessary.
In the past, we’ve had some really squirrelly things happen corporate-wise here in New Zealand, and a fair bit of effort has been spent getting Corporate Governance right as a result.
And you’re quite right: it is fairly difficult to immigrate to New Zealand.
hope you are doing ok, amm.
I am thinking SCOTUS...
Not only is Obummer trashing the Declaration of Independence, but he is in large measure trashing the Constitution of our country as well not to mention all the basic fundamental principles this country was founded on and written about within those documents and the very things that has made this country great and continues to make it great.
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