Saturday, December 19, 2015

The zealots pushing ISDS are those who worship Mammon; the vast heap of paper money

ISDS is the Investor-State Dispute Settlement process that is part of recent so-called trade agreements. The zealots pushing ISDS are those who worship Mammon and who seemingly are willing to sacrifice everything else on the altar of short-term greed. Specifically, ISDS is being pushed by Wall Street, transnational corporations and rich investors.
Under ISDS, if a foreign corporation/investor thinks that a government’s policy reduces its profits or expected future profits, ISDS allows the foreign investor to evade the usual judicial system. Instead, the investor can bring a nation before a hearing of a tribunal of trade lawyers. These lawyers may represent an investor in one case and be an arbitrator in another case. Public interests, such as protection of public health, the environment, buy local programs, etc. take a back seat to commercial considerations in these deliberations. Laws passed by a democratic process can be overridden and national sovereignty is out the window.
If the investor wins, the government must either change the policy or pay what can turn out to be a very substantial fee. If the state wins, there is no cost to the investor. In addition, the ISDS is even more one-sided as the state has no corresponding right to bring an original claim against the foreign investor.   http://dissidentvoice.org/2015/06/a-real-threat-isds/
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from 1623 first folio Shakespeare Plays:  1st play shown is The Tempest, which opens with:
so it appears at lower left several letters:  f,r,a.  --perhaps;
more first letters of his plays from 1623 first folio:  the next is the first letter of Coriolanus text
 
 






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The principles by which the economy utilized paper currency had proven more complex and unpredictable than realized by the officials (or by Khubilai Khan under whose aegis the paper money game was introduced across China), and the system gradually spiraled out of control.  At the least sign of weakness in the Mongol administration confidence in the paper currency dropped and caused it to fall in value while pushing up the value of copper and silver.    -J. Weatherford:  Genghis Khan, Crown, NY, 2004, p. 250
 only now paper money monopolies run worldwide     -r.

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