Posts Tagged ‘Investor-State Dispute Settlement’

The Trans Pacific Partnership (TPP) is the greatest income redistribution scam in US history. So-called trade agreements are nothing more than income redistribution scams falsely being marketed as international trade agreements. These scams are the primary conduit through which the rich continue to produce greater income and wealth inequality through their control of the corrupt US government and the corrupt two major political parties.

If Democrats are to address rising inequality and rebuild the middle class, as Hillary Clinton claims she wants to do, they must define a new, far more balanced trade policy. That policy would insist on minimum wages in all participating nations of at least the US federal minimum wage. And there would be mechanisms to enforce compliance in place with the TPP. There would also be environmental and health and safety standards built into the treaty.

There wouldn’t be US unconstitutionally private corporate courts created by investor-state dispute settlement clauses. There would be ways of challenging currency manipulation used by other nations, especially China. But the TPP will force China to manipulate its currency, which increases the profits of US corporations manufacturing in China and exporting to the USA. See The Trans Pacific Partnership: The Op-ed the Liberal and Conservative News Media Doesn’t Want You to See–JohnHively.Wordpress.com

Wall Street Senator Ron Wyden is the Chief Democrat in the US senate who stands behind the TPP. He wants American workers to compete against low wage Vietnamese workers. He wants to steal your voting rights with the TPP. Don’t let the senator from Wall Street get away with this.

Millions of jobs will be exported from the United States to China and Vietnam if the TPP becomes an unconstitutional law. When those jobs are exported, like the tens of millions that Wyden has already helped export over the last 35 years, the difference between the old higher US pay and the new lower overseas pay will go straight into the pockets of the super rich via higher corporate profits, rising dividends and surging share prices. It’s a scam folks!

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Senator Elizabeth Warren delivered a floor speech on May 19, 2015 about an amendment she introduced with Senator Heidi Heitkamp (D-N.D.) and 13 other senators to the Trade Promotion Authority (“Fast Track”) legislation that would prohibit Fast Track from being used to pass trade deals that include Investor State Dispute Settlement. More information about the amendment is available at: Huffington Post

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By Elizabeth Warren,

The United States is in the final stages of negotiating the Trans-Pacific Partnership (TPP), a massive free-trade agreement with Mexico, Canada, Japan, Singapore and seven other countries. Who will benefit from the TPP? American workers? Consumers? Small businesses? Taxpayers? Or the biggest multinational corporations in the world?

One strong hint is buried in the fine print of the closely guarded draft. The provision, an increasingly common feature of trade agreements, is called “Investor-State Dispute Settlement,” or ISDS. The name may sound mild, but don’t be fooled. Agreeing to ISDS in this enormous new treaty would tilt the playing field in the United States further in favor of big multinational corporations. Worse, it would undermine U.S. sovereignty.

To see the rest of the text, click on the link below.

Elizabeth Warren on the Trans Pacific Partnership–The Washington Post

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