From: Sent: Sunday, May 24, 2009 5:55 PM Subject: G-20 Plan Repeals US Declaration of Independence
The NWO is almost established. I think it would be a good time to consider who you will serve. The world or Yahshua HaMashiach G-20 Plan Repeals US Declaration of Independence New international board to intervene in decisions about U.S. companies On April 2, 2009, the work of July 4, 1776 was nullified at the meeting of the G-20 in London that effectively repealed the U.S. Declaration of Independence and abrogated the sovereignty of the United States. Political consultant Dick Morris said that the creation of the Financial Stability Board at the G-20 conference is a decision that effectively repeals the U.S. Declaration of Independence and abrogates the sovereignty of the United States. The final communiqueC 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 die 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 US Administration to regulate all firms, in whatever sector of the economy that it deems to be "too big to fail" lest their collapse injure the economy. Which businesses will be included? Nobody knows . We may not know even when the law is passed. As companies grow or merge or acquire -one another, they may step over the invisible line and become "too big," and thus subject to regulation. 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." The head of the Financial Stability Forum, the precursor to the new FSB, is Mario Draghi, It-aly's central bank president. In a speech on Feb. 21, 2009, he gave us clues to his thinking. He noted that "the progress we have made in revising the global regulatory framework . . . would have been unthinkable just months ago." He said that "every financial institution capable of creating Systemic risk will be subject to super-vision ."He adds that "it is envisaged that, at international level, the governance of financial institutions, executive compensation, and the special duties of intermediaries to protect retail investors will be subject to explicit supervision." In remarks right before the London conference, Draghi said that while "I don't see the FSF [now the FSB] as a global regulator at the present time . . .it should be a standard setter that coordinates national agencies." This "coordination of national agencies" and the "setting" of "standards" is an explicit statement of the mandate the FSB will have over our national regulatory agencies. Now we may no longer look to presidential appointees, confirmed by the Senate, to make policy for our economy. These decisions will be made internationally. And Europe will dominate them. The FSF and, presumably, the FSB, is now composed of the central bankers of Australia, Canada, France, Germany, Hong Kong, Italy, Japan, Netherlands, Singapore, Switzerland, the United Kingdom, and the United States plus representatives of the World Bank, the European Union, the IMF, and the Organization for Economic Co-operation and Development (OECD). Europe, in other words, has six of the 12 national members. The G-20 will enlarge the FSB to include -all its member nations, but the pro-European bias will be clear. The United States, with a GDP three times that of the next largest G-20 member (Japan), will have one vote. So will Italy. The Europeans have been trying to get their hands on our financial system for decades. It is essential to them that they rein in American free enterprise so that their socialist heaven will not be polluted by vices such as the profit motive. Now, with the President's approval, they have done it. Read the Global Plan for Recovery and Reform at: <http://www.londonsummit.gov.uk/resources/en/> http://www.londonsummit.gov.uk/resources/en/ news/15766232/communique-020409 *** exposing the hidden truth for further educational research only *** CAVEAT LECTOR *** In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. NOTE: Some links may require cut and paste into your Internet Browser. Please check <http://tinyurl.com/33c9yr> http://tinyurl.com/33c9yr for more real news posts and support the truth! (sorry but don't have time to email all posts) free book download: <http://www.lulu.com/content/165077> http://www.lulu.com/content/165077 *** Revealing the hidden Truth For Educational & Further Research Purposes only. *** NOTICE: Due to Presidential Executive Orders, the National Security Agency (NSA) may have read emails without warning, warrant, or notice. They may do this without any judicial or legislative oversight. You have no recourse, nor protection.......... IF anyone other than the addressee of this e-mail is reading it, you are in violation of the 1st & 4th Amendments to the Constitution of the United States. Patriot Act 5 & H.R. 1955 Disclaimer Notice: This post & all my past & future posts represent parody & satire & are all intended for entertainment and amusement only. 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