Same threat, different name
By editor
“. . . a top U.S. regulator recommended new limits on credit-default swaps and European leaders pushed for a ban on speculative bets against government debt following recent financial turmoil in Greece. … German Chancellor Angela Merkel said Tuesday that her government is backing an initiative to curb the credit-default swaps market, together with France, Greece and Luxembourg, and she suggested Europe would forge ahead on its own even if the U.S. didn’t go along.”
OhioCASB has noted that no international government should ever exist to tax individuals. When that happens, constitutional government is lost.
There is a similar concern about worldwide control of capital. Right now, the sole thing that keeps governments, not honest, but at least not despotic, is that capital can leave. No one has yet tried to build a Berlin Wall around the entire world.
But make no mistake, they’re going to try. And when they do, they’ll destroy the very thing they think they’re protecting.
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on Thursday, March 11th, 2010 at 1:18 pm and is filed under blog.
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