Much is made over the alleged ceding of U.S. sovereignty to international bodies every time a potential global treaty appears in the news. The Trans-Pacific Partnership, a U.S.-led free trade agreement that would exempt multinational corporations from having to comply with policies governing industry in signatory countries, appears to be the real thing.
In 2008, American leaders gave a $13 trillion bailout to the banks that drove the nation into economic bedlam. Late last month, officials in Cyprus failed in an attempt to confiscate depositor funds in order to qualify for inclusion in a European bailout of their own. And a recently uncovered paper by the U.S. Federal Deposit Insurance Corporation and the Bank of England written in late 2012 showed that G-20 countries have long been laying the groundwork for similar action within their own borders in the event that another crisis strikes.
Taken together, those three events should eliminate any doubt about the loyalties of many of the world’s major governments when it comes to disbursing public money. They’re with the rich and against everyone else. The average citizen’s earnings-whether they sit in a bank account or in a treasury in the form of taxes-belong to the ruling class if […]