Literally thousands of citizens groups assaulted members of Congress with phone calls and messages late last week to not grant Fast Track authority to the president that would allow the controversial Trans-Pacific Partnership pact to move forward. Could this be a sign that the people are waking up to strategic power grabs over local government control by global corporations? Might this demonstrate a democratic uprising of sorts, enough to affect public policy? We’ll see in coming days whether this push will hold as more voting on the pact is scheduled that might move approval closer.
Regardless, you should know what this proposed and misnamed “trade” deal is about and how it would affect our intention to create new American public banks. At a time when growing numbers of Americans (and others worldwide) are waking up to the corruption of big private banks and the need for public alternatives, these trade deals threaten to lock the world into a toxic private banking model by calling public financial options "anti-competitive" and allowing multinational corporations to overturn domestic policies.
Ellen Brown wrote an important article in April describing how the TPP might undermine a great deal more than just our public banking intentions. It is a shocking revelation that there are plans afoot that would thoroughly undermine the role of democratic decision making across the world. Ellen has some brand new analysis too, describing how fast-tracking trade agreements is a predictable response to growing awareness of the need for monetary reform and limits to the power of big banks.
And for context, take a 9 minute refresher course in American history to see how a similar situation was dealt with our forebears who also faced an international corporate assault on its democratic rights -- we know it as “The Boston Tea Party.” They say history repeats itself; let’s hope our fellow citizens share that vigilance.