TPP is Dead, But It’s About to Be Replaced by Something Much Worse — TISA

Wednesday, February 15, 2017
By Paul Martin

Jack Burns
TheFreeThoughtProject.com
February 15, 2017

The president has a huge PR problem on his hands. How Donald Trump keeps his campaign promise to kill the Trans-Pacific Partnership (TPP) and remains on good terms with our Asian allies and trading partners may be as simple as a change in semantics. In other words, he’s simply going to call it another name; The Trade-in-Services Agreement (TISA). And some are saying the deal is much worse than the TPP ever was.

According to the source who has inside documentation, the TISA, “if passed would prohibit regulations on the financial industry, eliminate laws to safeguard online or digital privacy, render illegal any ‘buy local’ rules at any level of government, effectively dismantle any public advantages to be derived from state-owned enterprises and eliminate net neutrality.” Some have said that keeping financial institutions in check has been the only thing preventing another global financial crisis. And while the citizens’ right to privacy is currently somewhat tenuously protected by privacy laws, hardly anyone can imagine the impact losing those privacies would entail.

TISA’s specifics are shrouded in secrecy, with Wikileaks and Bilaterls being the only ones to have published any information related to its details.

According to Counter Punch, “Earlier draft versions of TISA’s language would prohibit any restrictions on the size, expansion or entry of financial companies and a ban on new regulations, including a specific ban on any law that separates commercial and investment banking, such as the equivalent of the U.S. Glass-Steagall Act. It would also ban any restrictions on the transfer of any data collected, including across borders; place social security systems at risk of privatization or elimination; and put an end to Internet privacy and net neutrality.”

The Rest…HERE

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