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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Raymond Duray who wrote (3343)4/13/2002 2:54:10 PM
From: Keith Fauci  Read Replies (1) of 3536
 
You do not disappoint me. My point is that I do care where the Tobin tax or any global tax goes . I believe Kenneth Kirk did an excellent job in explaining the evolution of the EU as a model the OneWorlder's/UN are trying to impose on the entire world. This vision, relentless in its march, would be achieved more quickly if well financed. Yes I have my doubts that it can be stopped unless more Americans become educated. Mr. Kirks post 3348 expresses the invisible hand theory in terms that any layman can understand. What you see as an " inherently destabilizing and destructive force" others see as creating "market efficiencies" These "scoundrels" only profit by using their brains (OK computers) in filling the gaps and thereby create an efficient market. There will always the crooks and unethical individuals such as those who played ziatech in the '80s. That is why we have the rule of law in our REPUBLIC. When someone breaks the law, lock them up.

The reason why I do care where the money goes is because I believe THE REPUBLIC FOR WHICH IT STANDS is exactly what they are trying to destroy! Notice that even many of our politicians nowadays talk about our DEMOCRACY. If we were a democracy we would have Al Gore. If he were president today I have no doubt that we would be part of the international criminal court, Kyoto, ect.. And the Tobin tax would have passed. (Someone previously slammed me on this thread for stating such)

Our CONSTITUTIONAL REPUBLIC based on the rule of law and based on INALIENABLE RIGHTS GIVEN BY GOD are exactly what the United Nations is trying to destroy!

THE BIG PICTURE !!

U.N. Planting the Seeds for a Coming Global Tax

By Rep. Ron Paul

April 15th is coming, and you're getting ready to file your tax return. Throughout the year you paid federal
taxes through withholding, including Social Security payroll taxes. You also paid state income taxes, unless
you're fortunate enough to live in Texas or another state without an income tax.

You paid local property taxes. You paid local sales taxes every time you bought something, and you paid
numerous miscellaneous taxes such as vehicle license fees and federal gas taxes. Like most people, you
probably feel taxed to death by all these city, county, state, and federal taxes. Well, hold on to your wallets,
because the United Nations now wants to impose a whole new level of global taxes on us.

The U.N. is meeting this week in Monterrey, Mexico to discuss exactly such a tax. The meeting is billed as a
"Conference on Financing for Development," which is a nice way of saying it's a conference to consider the
best ways to shake down rich nations for money. U.N. bureaucrats think rich nations like America ought to
give more money to poor nations- a lot more- simply because we're rich. Never mind the billions of foreign aid
tax dollars we send overseas every year; never mind the billions donated to overseas charities by Americans,
the most charitable people on earth.

The U.N. mindset blames the western world for poverty everywhere, assuming that our relative wealth must
have come at the expense of the third world. The poor countries themselves are never deemed responsible for
their own predicaments, despite their often corrupt governments, lack of property rights, and hostility toward
wealth-producing capitalism. Somehow, it's always our fault. So the U.N. holds conferences to talk about how
we should pay to make things right, and the idea of a U.N. tax naturally arises.

Understand that the U.N. views itself as the emerging global government, and like all governments, it needs
money to operate. The goal, which the U.N. readily admits, is to impose a comprehensive set of global laws on
all of us- laws that supersede sovereign national governments. To do this, the U.N. needs a global military, a
global police force, international courts, offices around the globe, and plenty of highly-paid international
bureaucrats. All of this costs money.

Rest assured that the U.N. is absolutely serious about imposing a global tax. In fact, it has been discussing a
global currency tax for years. The "Tobin tax," named after the Yale professor who proposed it, would be
imposed on all worldwide currency transactions. Such a tax could prove quite lucrative for the U.N., given the
vast amount of currency that trades hands at certain times. It also might be a politically acceptable starting
point, because most average people do not engage in cross-border currency transactions. A dangerous
precedent would be set, however: the idea that the U.N. possesses legitimate taxing authority to fund its
operations.

The Tobin tax is not the only idea being considered. Some have suggested taxing all airline travel or carbon
emissions. The ultimate goal is an income tax, which will be imposed after we've all swallowed the concept of
U.N. taxing authority.

The Bush administration thus far has been firmly opposed to any global U.N. taxes, and the State department
has officially voiced our opposition. We should all be very thankful for that, because another administration
might not have had the same response. It would be a mistake, however, to think the U.N. tax idea will go
away. Some usually sensible nations like Britain and Germany support the concept, and the drumbeat for global
government in general has been growing louder since September 11th.

Hopefully, this latest bogus U.N. conference will make more Americans aware of exactly what the
organization really intends, which is the imposition of worldwide income taxes. We need to focus the nation on
how truly anti-American the U.N. is, to generate public support for a complete U.S. withdrawal from the
organization. The history of the past 50 years clearly shows that our national sovereignty is incompatible with
participation in the U.N.

I believe we have thoroughly beat this horse.
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