THE DECLARATION OF INDEPENDENCE HAS BEEN REPEALED – by Dick Morris

THE DECLARATION OF INDEPENDENCE HAS BEEN REPEALED
By Dick Morris
04.6.2009

On April 2, 2009, the work of July 4, 1776 was nullified at the meeting of the G-20 in London. The joint communiqué essentially announces a global economic union with uniform regulations and bylaws for all nations, including the United States. Henceforth, our SEC, Commodities Trading Commission, Federal Reserve Board and other regulators will have to march to the beat of drums pounded by the Financial Stability Board (FSB), a body of central bankers from each of the G-20 states and the European Union.

The mandate conferred on the FSB is remarkable for its scope and open-endedness. It is to set a “framework of internationally agreed high standards that a global financial system requires.” These standards are to include the extension of “regulation and oversight to all systemically important financial institutions, instruments, and markets…[including] systemically important hedge funds.”

Note the key word: “all.” If the FSB, in its international wisdom, considers an institution or company “systemically important”, it may regulate and over see it. This provision extends and internationalizes the proposals of the Obama Administration to regulate all firms, in whatever sector of the economy that it deems to be “too big to fail.”

read full article here… THE DECLARATION OF INDEPENDENCE HAS BEEN REPEALED at DickMorris.com.

The media has been reporting this as “a non-event” which is to be expected and validates the true significance of the London G20 Communiqué which you can see posted in it’s entirety here…U.S. Constitution “Usurped” by London G20 Communiqué? … joe

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