From what I hear FTAA is due to be in effect early next year....don't know if it's a treaty or a free trade agreement. One thing I'm watching closely is what type of effect it will eventually have on our Constitution and legal system. If they attempt to mirror the EU, I know there are now serious concerns among people in those countries about how much national sovereignty was relinquished as a result of signing on to the EU. New commissions created to govern the EU supposedly have the power to hammer any country that does not toe the line on their initiatives which will be interesting considering they're working on a new EU constitution.
Soon, I expect to see the usual mainstream "mediots" to start their standard mass conditioning process replete with their unending numbers of "experts" who will have a laundry list of reasons why our Constitution is too outmoded for the new paradigm as well as the need for a "modern" legal system to replace our current one.
The FTAA has to be signed by the end of January. If it is signed we will be made to give up some segments of our Constitution. Yes, it is a free trade agreement. I believe it also states in the trade agreement, there will be no borders between Mexico an Canada
So we are in dangerous times, we are now an import nation,because of the outsourcing, we are now not an export nation.
So if we go into a recession it will not be good.