By de Andréa
Even though I knew this was ultimately inevitable, I just never thought I would see this happen in my lifetime. Soon, with an executive order, your president, Al-Barrack Hussein Obammah, will notify the Federal Reserve Board and other regulators to answer to the ‘Financial Stability Board’, a body of central bankers from each of the G-20 states and the European Union. Socialism is now under way in the United States. How do I know this? A little fly told me, it attended the G-20 Summit.
If you don’t believe Obama is a Marxist Socialist, then please let me ask you a question. Have you ever heard anywhere in the history of a free America, a President of the United States firing a top executive or anyone in a major corporation. And if that is not enough, have you ever heard of the federal government buying automobiles, using taxpayer’s money for those that may have lost their jobs. Well that has already happened, Obama fired GM’s CEO and hired someone more to his liking as well as providing a guarantee that if you buy a GM car and loose your job that the rest of us wage earners will make the payments for you, for 10 months and then we will buy the car back if necessary. Aren’t we generous? Well not really, you don’t have a choice. NO --- I mean soon you will not have a right to choose anything anymore.
Please don’t fall asleep on me now…
On April 2, 2009, the work that was started on July 4, 1776 was destroyed in a nanosecond at a meeting of the G-20 in London. We are just a step away from Marxism.
By the time you hear this on the 6:00 News it will have already happened.
In case you might wonder just what went on behind closed doors at the G-20 Summit in London this past week, then this is for you.
A joint communiqué essentially announced 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 submit to dictates of the Financial Stability Board, the (FSB), a body of central bankers from each of the G-20 states and the European Union.
The mandate that Obama has agreed to is extraordinary in its scope and open-endedness. It is to create 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.
The key word here is "all.” If the FSB, in its international wisdom, considers an institution or company "systemically important," it will regulate and over see it. This provision extends and internationalizes all the proposals of the Obama administration to regulate firms, in whatever sector of the economy that it deems to be for example "too big to fail."
The FSB will also rule over the "implementation of . . . 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."
Folks this is right out of Karl Marx…
In his first 100 days Obama has accomplished more toward the implementation of Socialism in America that all the Elitists Communists Socialists would have dreamed of in 200 years.
How much will this communist government allow you to earn…
The head of the Financial Stability Forum, the precursor to the new global FSB, is Mario Draghi, Italy'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 supervision." He adds that "it is envisioned that, at an 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."
This "coordination of the 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 globally and internationally.
Moreover, 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 Socialist 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 and independence.
Now, with President Obama's approval, they have done it.
THE BOTTOM LINE: I will say it again: Even though I knew this was inevitable, I just never thought I would see it happen in my lifetime. First the Nationalization of our financial institutions and now the globalization of our entire financial system, all within four months time. Got to hand it to this guy Obama, he knows how to take advantage of an opportunity. Too bad his head full of mush wasn’t programmed with a Capitalistic philosophy instead of a Communist Ideology. He would have made an excellent Capitalist.
You can now look forward to working for the government, and oh, if your company received any money from the Fed the US Treasury will dictate your salary as well. That is unless you are unfortunate enough to work for a financial institution then it will be dictated by the E.U. or the FSB or the IMF or the OECD or someone other that the company you think you work for. Oh and you entrepreneurs and small business owners your days are numbered. That is if the government hasn’t already regulated you right out of business like they did to me. Oh, but no, I’m not bitter, I am just one of those extremist freedom nuts that’s all. The ones who believe in the Declaration of Independence and the Constitution, yah even the bill of rights. You know; the ones the liberals love to hate.
Let me know how this is working out for ya-all…
If you voted for Obama, you got what you deserve…Tyranny.
How does the ‘Second Revolutionary War’ sound to you? Where is George when you need him?
de Andréa
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