TPP is not just a “free” trade deal – it is a dangerous step towards global governance.
The Trans-Pacific Partnership (otherwise known as “Obamatrade”) is not just a bad deal for American workers, it is an attempt to install a global corporatocracy that will result in the complete dissolution of sovereign immunity. In short, Obama’s globalist trade deal would seek to empower multinational corporations through offshore tribunals that would undermine U.S. policies and steal millions of taxpayer dollars.
It is yet another power grab by the deep state globalist power-brokers.
Hidden provisions within the TPP will gift multinationals with overreaching powers designed to undermine the laws we rely on for safety, the environment or the economy by allocating foreign firms with special privileges that local companies would only dream of.
Basically, foreign companies could potentially force the U.S. government to testify in front of a secretive offshore tribunal should multinationals be inconvenienced by laws that might negatively affect their profits – even minutely.
This is called the “investor-state” regime.
It gives tax-exempt mega corporations equal status with the U.S. government while also allowing them to influence policy in order to maximize profits. Tribunals may have judges, but they are unaccountable to an electorate and beholden to unelected bureaucrats in the United Nations and the World Bank.
If the TPP tribunal (dubbed as an “investor-state” arbitration) rules against the government – foreign investors would then rake in millions of taxpayer dollars with the exact amount being decided upon by the secret tribunal proceedings. Sounds fair, if you’re Chevron.
We have already seen tribunals ordering governments to pay upwards of $440 million under existing agreements as a result of land-use policies, water rights, oil contracts, toxic bans, forestry rules and import/export regulations. There are an additional $34 billion corporate attack claims awaiting decision based on U.S. agreements alone right now.
Some of the investor-state attacks now underway are:
- Chevron trying to evade liability for its Ecuadorian Amazon toxic contamination;
- Phillip Morris attacking Australia’s cigarette labeling policy;
- Eli Lilly attacking Canada’s drug patent policy; and
- European firms attacking Egypt’s post-revolution minimum wage increase and South Africa’s post-Apartheid affirmative action law. Source
Even if governments win – they are still required to pay legal fees and tribunal costs which amount to about $8 million per case.
“Imagine that the United States bans a toxic chemical that is often added to gasoline because of its health and environmental consequences. If a foreign company that makes the toxic chemical opposes the law, it would normally have to challenge it in a U.S. court. But with ISDS, the company could skip the U.S. courts and go before an international panel of arbitrators. If the company won, the ruling couldn’t be challenged in U.S. courts, and the arbitration panel could require American taxpayers to cough up millions — and even billions — of dollars in damages.” The Washington Post
The Obama Trans-Pacific Partnership would not only ship out millions of jobs, loot the economy and trample over individual rights and free expression through suffocating intellectual creative commons regulations, it is also the biggest blow to sovereignty, arguably, in the history of America.
Under the treaty, congress will be rendered powerless over trade, border control and currency. Big pharma will enjoy lower global standards for the patentability of pharmaceutical drugs and multinational conglomerates will have a field day with new powers aimed at benefiting only them at the expense of the middle class.
Wake people up by sharing this article with everyone you know and please visit ExposeTheTPP.org for more information.