JBS CEO Art Thompson's weekly video news update for August 6-12, 2012. In this weekly news update for August 6-12, 2012, JBS CEO Art Thompson discusses: how RomneyCare in Massachusetts is providing an excellent; example of how government healthcare always leads to more government control and rationing; how socializing our healthcare system is necessary for merging the United States with Mexico and Canada in a North American Union; how preliminary steps for a Communist crackdown are beginning in the BRICS nations of Brazil and South Africa; and how in spite of the War on Terror, al Qaeda is now active in Spain.
As the so-called trilateral North American “integration” process marches onward toward an ever-closer union between the governments of Canada, the United States, and Mexico, national law-enforcement agents are slowly creeping across borders through a variety of shadowy schemes. Going forward, that trend is set to accelerate, according to officials, who say government functionaries may soon be able to chase and arrest suspects outside of their own nations. But critics of the controversial plan are fighting back with increasing urgency.
President Obama hosted Mexican President Felipe Calderón and Canadian Prime Minister Stephen Harper in Washington, D.C., this week for the so-called “North American Leaders Summit,” announcing further integration of the three governments across a broad range of fields. The meeting, however, fueled deep suspicion and concern among advocates of national sovereignty and the U.S. Constitution.
Another step toward the North American Union (NAU) was announced on Tuesday by the U.S. Department of Defense in its press release noting the “inaugural trilateral meeting” of North American defense ministers in Ottawa, Canada. It was attended by Canada’s Minister of National Defense Peter MacKay, Mexican Secretary of National Defense General Guillermo Galvan, and Mexican Secretary of the Navy Admiral Mariano Mendoza, along with U.S. Secretary of Defense Leon Panetta.
U.S. Defense Secretary Leon Panetta met with his Canadian and Mexican counterparts in Ottawa this week for the first ever “Trilateral Meetings of North American Defense Ministers.” The meetings sparked more concerns over the erosion of national sovereignty and continued “integration” of the three governments into a continental regime analysts have dubbed the “North American Union.”
Using “financial stability” as justification, the European Union is quietly plotting to foist a massive, perpetual bailout machine on euro-zone members that critics say represents a “dictatorship” and a “treaty of debt.” But opposition to the scheme is growing quickly.
The initial “authorized capital stock” for the so-called European Stability Mechanism (ESM) will be close to $1 trillion. But it can be expanded at any time by the regime in charge of the institution, which will operate completely above national governments and laws.
“ESM Members hereby irrevocably and unconditionally undertake to provide their contribution to the authorized capital stock,” notes the draft treaty posted on EU Council’s website. “They shall meet all capital calls on a timely basis in accordance with the terms set out in this Treaty.”
If the initial trillion proves to be insufficient — and considering the debt-laden governments ruling Italy, Spain, Portugal, Greece, Ireland, and other nations, it almost certainly will not be enough — the ESM’s Board of Governors can simply demand more. And national governments must hand over the money, no questions asked, within seven days.
Texas woes regarding the Trans Texas Corridor (TTC) may be getting even worse. Ever since the State partnered with Madrid-based Cintra, to build the wildly unpopular mid-continent trade corridor, Texas has had nothing but trouble. Especially property owners who have become victims of eminent domain abuses, and residents subjected to unwanted toll roads, a tyrannical state Department of Transportation and downright bullying by Governor Rick Perry and the State Legislature. But now, according to the Fort Worth Star Telegram, Texas officials are worried about a possible default by Cintra that could affect the progress of the Texas corridor projects. Cintra is involved in road construction projects all over the world, including the operation of the Indiana Toll Road. After the company was also awarded the contract to operate the Trans Texas Corridor for the next 50 years, Texans learned they were stuck with both Cintra and a huge corridor project they did not want. One feature of the Texas contract was that Cintra was guaranteed a buyback if the project proved unprofitable. It seems that very thing could happen with the company’s operation of the Indiana Road. Because of lower traffic, therefore lower toll revenue than originally forecast, Cintra has used up most of its rainy day fund and is running out of money to pay its debt to Indiana. The revenue shortfall occurred after Cintra dramatically increased tolls on the Indiana road.