TPP Power Grab: World Bank, Goldman Sachs, CFR

TPP Power Grab: World Bank, Goldman Sachs, CFR

The TPP draft text proposes creating tribunals (courts) that could overrule the decisions of our state and federal courts, as well as our local, state and federal laws — and our state and national constitutions. This is already occurring under similar tribunals established by the NAFTA and WTO agreements.

The international tribunals proposed in the TPP would be presided over by arbitrators (judges) appointed by the Secretary-General of the International Centre for Settlement of Investment Disputes (ICSID), an institution of the World Bank Group. The general counsel of the World Bank, Aron Broches, drew up the convention establishing the ICSID. The ICSID is housed at the World Bank’s headquarters complex in Washington, D.C. The ICSID receives its funding from the World Bank and the ICSID’s governing Council is chaired by the president of the World Bank. So the proposed TPP tribunals are, in essence, a means for transferring judicial authority over vast areas of domestic law to “arbitrators” picked by the World Bank — and the central bankers and the giant commercial/investment bankers that run the World Bank.  READ MORE at TheNewAmerican.com

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