By Cliff Kincaid,  NewsWithViews.com

Posted By Newssleuth

http://www.newswith views.com/ Kincaid/cliff452 .htm

In a classic case of misdirection, while the media are preoccupied with the
fate of the Bush tax cuts, President Obama is preparing to attend a United
Nations summit next week to endorse “innovative finance mechanisms”- global
taxes-to drain even more wealth out of the U.S. economy.

A draft “outcome document, <http://www.un. org/en/mdg/ summit2010/ pdf/Draft% 20outcome% 20document. pdf> , produced in advance of the September 20-22 U.N. Summit on the Millennium Development Goals (MDGs) commits the nations of the world to supporting “innovative financing mechanisms” to supplement foreign aid spending.

The term “innovative financing mechanisms” is a U.N. euphemism for global
taxes. But the document actually goes further, praising the “Task Force on
International Financial Transactions for Development” for its work on the
subject of mobilizing additional “resources” for countries to achieve the
MDGs. This is a body tasked with proposing and implementing global tax

“We consider,” the document says, “that innovative financing mechanisms can
make a positive contribution in assisting developing countries to mobilize
additional resources for financing for development on a voluntary basis.
Such financing should supplement and not be a substitute for traditional
sources of financing.”

In other words, the revenue from global taxes should be in addition to
foreign aid spending.

The document recognized the “considerable progress” made in this area, an
acknowledgement that an international tax by some nations on airline tickets
is already in effect and producing several billions of dollars of revenue
for world organizations to fight AIDS and other diseases.

In an article in The Christian Science Monitor, under the headline, “Small global taxes would make a big difference for world’s ‘bottom billion,'” the foreign minister of France and other officials of foreign nations endorse various forms of “innovative development financing. “One of their proposals is a tax on international currency transactions that could generate $35 billion a year.”

The proposal, popular at the United Nations for decades and long-advocated
by Fidel Castro, is called the Tobin Tax and named after Yale University
economist James Tobin. Steven Solomon, a former staff reporter at Forbes,
said in his book, “The Confidence Game”, that such a proposal “might net some
$13 trillion a year.” because it is based on taking a percentage of money
from the trillions of dollars exchanged daily in global financial markets.

He is referring to the fact that once such a tax is in place, it could be
easily raised to bring in hundreds of billions of dollars or more a year to
the U.N. and other global institutions.

Such financial transactions through banks and other financial institutions
are commonplace on behalf of Americans who have stock in mutual funds or
companies that invest or operate overseas. Hence, such a global tax could
affect the stocks, mutual funds, and pensions of ordinary Americans.

The term “small global taxes” brought a stunned reaction from Senator David
Vitter, when he was told of what is being proposed in advance of the U.N.
summit. Vitter introduced Senate resolution 461, “Expressing the sense of
the Senate that Congress should reject any proposal for the creation of a
system of global taxation and regulation,” to put the Senate on record
against any such measure. He has vowed to maintain pressure on the world
body to avoid implementing any of these schemes and thinks that the Congress
has to use whatever financial leverage it has to frustrate U.N. demands for
more power and authority in world affairs.

The Vitter resolution was sent to the liberal-controlled Senate Finance
Committee, which declined to act on it.

Obama has been a major U.N. supporter since he was in the Senate and
sponsored a bill, the Global Poverty Act (S 2433), to force U.S. compliance
with the MDGs. Joseph Biden, then chairman of the Senate Foreign Relations
Committee, tried to get it passed into law but ultimately failed.

As President, Obama is in a position to actively promote global taxation
measures and clearly has done so. The “outcome document” his administration
has already endorsed will be formally approved at next week’s summit.

The document affirms the so-called “Monterrey Consensus” that committed
nations to spending 0.7 percent of Gross National Product (GNP) on official
development assistance (ODA), otherwise known as foreign aid. It says that
“The fulfillment of all ODA commitments is crucial, including the
commitments by many developed countries to achieve the target of 0.7 percent
of gross national product (GNP) for ODA to developing countries by 2015.”

Over a 13-year period, from 2002, when the U.N.’s Financing for Development conference was held, to the target year of 2015, when the U.S. is expected to meet the Millennium Development Goals, this amounts to $845 billion fromthe U.S. alone, according to Jeffrey Sachs of the U.N.’s Millennium Project.<http://www.unmillen niumproject. org/>

“We have fully embraced the Millennium Development Goals,” Obama told the
U.N. in 2009.


  1. He can be committed to global taxes all he wants. In fact, the first thing he ought to do is dedicate every last cent of income from “his” books, including his newest children’s book, to the cause. However, I seriously doubt whether the Constitution gives anybody, Congress or the POTUS, the power to levy global taxes on US citizens.

    In a way, this is a gift to the Republicans, if they’re smart enough to use it. Not only does he want to raise taxes, he wants to allow the WORLD to raise taxes on us. Lovely.

    This man certainly is a victim of magical thinking. Is there any doubt left that he’s not only out of touch with mainstream Americans, but he’s also completely out of touch with reality?

  2. Miri, Good post. This part Miri.

    In other words, the revenue from global taxes should be in addition to
    foreign aid spending.

    In addition to. I think if this goes through then all foreign aid should stop now. We can MAYBE afford either or, not both. Probably neither. Anyone know how much foreign aid goes out of here each year ? Wondering…
    Now is it just me or isn’t this major double dipping ? I think we need to spend our money here, teaching our uneducated how to wash their &%#(* after sex. If the stars feel the need to continue the foreign aid then let’s send them a pen, and they can start writing those checks themselves. We will see how long that lasts…No way Miri, it is all filthy theft by kleptocrats.Plain and simple. The leaders of the poor countries do not give a damn about their poor. Their poor know it and despise them for it too. Despise them. It will never see the poor, not a dollar that leaves our checks. They are liars and thieves.

  3. Not my post, Renee.

  4. Because:

  5. Love In The Time of Recession
    A cheerful song you can dance to!

  6. For Old Times

  7. New Revised Version For These Times

  8. Does the statement “commits the nations of the world to supporting “innovative financing mechanisms” to supplement foreign aid spending” mean supporting Micro-financing …that Shorebank is into along with many of the democrats, like Bill Clinton? Supplementing the billions in aid already sent annually. (I haven’t read the pdf yet.) Another way to bankrupt the country. Obama can talk a good game, but this won’t pass. He has to show he has done something to his UN pals. Has he held any meetings as chairman, or whatever his title, of that UN committee? You know the one..that he is UNconstitutionally unable to hold.

    I think Obama can endorse it, but it doesn’t mean we will pay it..This would have to get through Congress. Biden didn’t get a similar proposal through Congress before. Can you imagine them trying to pass a bill for an addition $845 billion in aid! How foolish. This must go the way of the Global Warming initiatives in Copenhagen…that we haven’t heard much about since it was found to be completely fraudulent.

    You can bet all the third world countries can’t wait to get their dirty corrupt hands on more money to redistribute to themselves. They can’t account for the money they get in aid when it is sent legitimately. Same for Obama.. he can’t wait to get his dirty corrupt criminal hands on more of our money.

    Glad the senate is on record: Vitterintroduced Senate resolution 461, “Expressing the SENSE of the Senate that Congress should reject any proposal for the creation of a system of global taxation and regulation! It all depends on if there is still any sense left in the Congress.

  9. I read today that “the world” will only be able to bail out Pakistan, after the flood, to the tune of 25% of the damage. Supposedly, the US told Pakistan they have to pony up more if they expect us to pay our fair share, which “the world” probably believes should be 90%, if not ALL.

    Obama was selected to redistribute the wealth (including all our resources) to the world. This is WHY he’s locking up our resources–oil, gas, coal, etc. Holding it in reserve until the Saudis and Venezuela deplete their own, then they’ll come for ours. By then, his coup will be complete. No?

    Does anybody besides me suspect that the gas explosion in CA was anything but an accident? They’re already talking about how “dangerous” natural gas is. That’s one other resource that we have tons of, which could make us completely energy independent of the Middle East. Obama cannot let that happen.

    He pays lip service to alternative energy, but he knows it’s not feasible. It’s only an excuse to KEEP us dependent upon Saudi oil UNTIL they can come and collect OUR resources.

    Why did he bow to the Saudi king?

  10. Why did he bow to the Saudi King? Because he is a Hagarene child. Hagar the Egyptian gave birth to Ishmael, who in turn is the progenitor of the Mohammedan nations of Arabia. Obama is a descendent of Hammitic lineage, black , IE Egyptian, and by extension Arabic. Nothing happens in a vacuum. Obama is an Arabian in general and a Muslim in particular. Black Liberation Theology is his philosophy. He is a champion of the oppressed. The oppressed blacks, the oppressed native Americans, the oppressed American Islamics, the oppressed illegal aliens.
    Obama is anti American in general.

  11. I am sure there is a strong chance that any “taxes” can go directly into the pockets of those controlling the money. This is exactly what it is about, just like cap & trade where certain would make billions. Some new and innovative way to get their hands on our money always behind the cloak of charity or environmentalism, dba USA.

  12. Does anybody besides me suspect that the gas explosion in CA was anything but an accident?
    Trust me it’s pure incompetence. I see it all the time. This is a wake up call to privatize everything. Nothing should be managed by the goverment.

    • I heard that it took the gas company THREE HOURS to turn off the gas to the neighborhood, but never heard an explanation for that disastrous delay! Anyone hear “their” reason ?

      • It may be that that is how long it takes to get the drawings, locate the valve, verify the procedure to close it, and then get the people and equipment out there to do it. It does seem slightly long but once an accident happens you may have to proceed in a certain way with certain approvals so no one else gets hurt or you don’t accidently operate the wrong valve.

        • Thanks tdr, for some understandable reasoning, but I cannot agree with “slightly long”…..Haven’t We the People been paying out the yazoo for the past 10 years for all these city, county, state officials to have their act together in case of major disasters, etc. ????? Just sayin.

          • Yes, I thought you were talking about the gas company. The city, etc….I have to go back and read the story. There were funds appropriated to fix this line but I didn’t pay too much attention. I have to find out whether the city had something to do with the delay.

    • You’re probably right, tdr. One would have to be craven–no, extremely evil– to murder people like that just for the sake of bringing America to her knees. Probably “only” another case of capitalizing on others’ pain–never let a “good” crisis go to waste. Lenin/Alinsky 101.

  13. My comment from the thread:
    Who IS This Man? Open Thread
    Does anyone think he is still officially the president? Is that a crazy thought?

    Check this out from P&E:
    Has a Military Coup occurred?
    Recently, in a ruling by Army JAG Judge Denise Lind, our worst fears that a military coup has taken place have been confirmed. In a courts-martial pre-hearing concerning the demands of LTC Terry Lakin that the putative Commander- in-Chief must prove that he is a Constitutionally lawful CINC before anyone obeys any military orders, lest they themselves be charged with obeying an unlawful order, Judge Lind stated that any and all orders now originate with the Pentagon and no longer with the Office of the civilian President and Commander-in-Chief.

  14. United Nations Considers International Tax to Support MDG’s

    By Amanda Pawloski

    NEW YORK, September 16 (C-FAM) Sixty nations will present a declaration to implement an international currency transaction tax during the UN Millennium Development Goal (MDG) summit that begins next week at United Nations headquarters in New York. As members of the Leading Group on Innovative Financing for Development, these nations will propose a tax they contend is necessary to bridge alleged funding gaps for the MDGs. Estimates judge the gap in development financing to fall between $324-336 billion a year from 2012 to 2017.

    Since its inception in 2006, the Leading Group has promoted what it calls “innovative development financing” that seeks to redistribute wealth on a global scale. The Leading Group’s Taskforce on International Financial Transactions Declaration of last December states, “In order to support the achievement of the Millennium Development Goals (MDGs) and other internationally agreed development objectives, development financing must be improved through innovative mechanisms to ensure stable, predictable flows that are complementary to traditional assistance.”

    Read the whole article:

  15. The Leading Group:

    Report to the The Leading Group Task force: Globalizing Solidarity : The Case for Financial Levies:

  16. The Leading Group is considering a Global Lottery!!

    Global Lottery or “Humanitarian Lottery”

    Presented in the Landau report’s menu of options, the idea of a global lottery or a “humanitarian lottery” has been aired regularly in a number of UN forums since 1972.

    Recently, it has been advocated by the World Food Programme (WFP), the United Nations Food and Agriculture Organisation (FAO) and the International Fund for Agricultural Development (IFAD), together with Martti Ahtisaari, Nobel Peace Prize winner and former UN Under-Secretary General.

    The Leading Group has debated this idea since it was set up in 2006. A global lottery for development based on a voluntary decision would be a secure game that would generate stable, additional, predictable resources for financing global public goods.

    Continue reading:


  17. The Leading Group
    FAQs – Innovative Development Financing Mechanisms

    This section provides brief answers to questions that you may have about innovative development financing mechanisms. Click on the links in the answers for more detailed explanations.

    What is an innovative development financing mechanism?

    It is a mechanism for raising funds for development. The mechanisms are complementary to official development assistance. They are also predictable and stable. They are closely linked to the idea of global public goods and aimed at correcting the negative effects of globalisation.

    Why do we want mechanisms to supplement official development assistance?

    At the Millennium Summit in New York in 2000, the international community made a commitment to achieve the Millennium Development Goals by 2015. Official development assistance is still a critical element, but cannot meet this major challenge on its own. Therefore, new mechanisms must supplement conventional official development assistance.

    Why do we want stable and predictable mechanisms?

    Official development assistance is fundamental, but it is still volatile and unpredictable, despite the criteria for aid effectiveness set out in Accra. It is subject to the inevitable changes in domestic political and fiscal constraints. Predictable and sustainable financing is needed to meet development challenges. The new mechanisms were created to meet these objectives.

    Which innovative development financing mechanisms already exist?

    There are three major health-related innovative development financing mechanisms in existence today. UNITAID and the solidarity contribution on airline tickets, the IFFIm/GAVI and the Advance Market Commitment for pneumococcal vaccines.

    UNITAID, which is primarily financed by a very small levy on airline tickets, is a drug purchase facility intended to make HIV/AIDS, malaria and tuberculosis treatments more affordable. It works in partnership with other organisations to purchase drugs, distribute them and negotiate large price reductions.

    The IFFIm is a very large facility funded by government-guaranteed bonds issued on international capital markets. The funds raised are used to establish the most urgently needed immunization programmes in the poorest countries.

    The Advance Market Commitment for pneumococcal vaccines is a pilot project based on a partnership contract between donors and pharmaceutical companies. It ensures that research on pneumococcal vaccines moves forward and that, once the research is completed, the vaccines will be sold at prices that the target population can afford.

    How much money has been raised?

    More than 1.7 billion dollars have already been raised. Nearly 1.2 billion dollars were raised in the first IFFIm bond issues and UNITAID has committed more than 500 million dollars.

    UNITAID raises more than 300 million dollars per year and the IFFIm plans to raise 4 billion dollars over twenty years. In addition to these funds, 1.5 billion dollars have been put up under the Advance Market Commitment (AMC) for pneumococcal vaccines.

    How long have these innovative development financing mechanisms been in existence?

    The notion of innovative development financing mechanisms first became a topic for international debate at the Monterrey Summit in 2002. In 2006, the first mechanisms (IFFIm and UNITAID) were started up and the Leading Group on Solidarity Levies to Fund Development, or the Leading Group on Innovative Financing for Development since the Sixth plenary session held in May 2009, was created.

    Is there any guarantee that this new type of assistance is really helpful?

    The new funds are distinctive because of their nature, as well as the use made of them. The management of the funds is transparent and the primary objective is to make fully effective use of them. This means that programmes are usually selected on the basis of local requests and managed in partnership with the public sector, NGOs, international organisations and the private sector.

    Why do we need innovative development financing mechanisms?

    The issues relating to global health, unequal access to resources and climate change affect all of us. Therefore, it is critical to respond and funds raised for official development assistance have not be adequate for the task. The characteristics of innovative development financing mechanisms and the additional funds raised have enabled us to break through the limits on development financing.

    What results have innovative development financing mechanisms already achieved?

    UNITAID has committed more than 500 million dollars in 80 recipient countries, which are primarily low-income countries. In partnership with the Clinton Foundation, UNITAID has obtained a reduction in the price of second-line AIDS treatments, ranging from 25% to 50%, depending on the country’s income level, and a 40% reduction in the price of paediatric treatments.

    The IFFIm disbursed 862 million dollars in 2007 to different immunisation and health system improvement programmes, such as the pentavalent vaccine initiative. This initiative should ultimately save the lives of more than 500 million children.

    The Advance Market Commitment project is financed by commitments of nearly 1.5 billion dollars. Research on pneumococcal vaccines is expected to produce results soon.

    Why have the projects been exclusively health-related?

    Without health as a foundation, development is inconceivable. Health is not only a fundamental right; it is also a major vector for development. Action on health is urgent in view of the number of deaths that could be avoided. It would be hard to compromise on this point. Furthermore, there is a good match between health needs (adequate volumes of stable resources) and the resources provided (stable and predictable).

    Who are the main players promoting innovative development financing mechanisms?

    The primary promoters are the members of the Leading Group on Innovative Financing for Development. This unique forum is at the forefront of the growing movement driven by the urgency of fighting poverty, hunger and disease.

    What can I do to promote innovative development financing mechanisms?

    This website was designed to be a special platform for raising awareness of innovative development financing mechanisms. You can use the sharing tools available to spread the Leading Group’s message and promote its action in this area.


    • From above:
      “The IFFIm is a very large facility funded by government-guaranteed bonds issued on international capital markets. The funds raised are used to establish the most urgently needed immunization programmes in the poorest countries.”

      Oh, vaccines, shots that make us feel betrayed, like the swine flu shots , like Bon Jovi in this song?

  18. The Alan Parsons Project, Live

  19. There should be a video of Obama giving his speech on this from yesterday… Ensuring more aid for the underdeveloped countries.

    Did the Israeli’s boycott the UN General Assembly meeting? Obama is speaking today and their seats are empty. The reps from Palestine are there.

    Obama is saying that he supports 2 states.. Palestine and Israel. He is saying that Israel should extend settlement moratorium. He wants withdrawal to pre-1967 borders. Israel’s existence must not be a subject of debate. Is this all double talk?

    Declaration of Human Rights… he is talking about. (you know the one where he identifies AZ).

    I’ll wait to read it. Tired of watching his nose in the air, and his attempt to bring the UN into his “way” of thinking.

    • Israeli seats empty for Obama speech because of holiday
      Sep 23, 2010

      Israel’s seats at the United Nations were empty as President Obama spoke this morning, but the absence is easily explained — it’s a Jewish holiday. This from the Israeli consulate in New York City.

      Due to the overwhelming number of calls and emails that we are receiving, even though it is the Jewish holiday of Sukkot, we feel that it is necessary to release the following statement: The Israeli delegation was not able to be present at the UN General Assembly today due to the observance of the Jewish Holiday of Sukkot.

      The US administration was made aware of the Israeli delegations’ absence well in advance to American President Barack Obama’s speech. Yesterday, both Israeli President Shimon Peres and Israel’s Defense Minister Ehud Barak were present at American President Barack Obama’s speech at (a UN summit on foreign aid).


  20. BREAKING: US House puts oceans, coasts under UN: Senate vote will seal the deal [HR 3534 (CLEAR Act). ]

    Wednesday, September 22, 2010

    Piece by piece, America being given away

    “It’s too late; it’ll just have to be stopped in the Senate,” Tom, the young male answering the phone in U.S. Rep. John Boehner’s R-Ohio) Washington D.C. office, said about HR 3534 (CLEAR Act).

    This is the globalist bill designed to give away our land, oceans, adjacent land masses and Great Lakes to an international body, and makes us pay $900 million per year until 2040. HR 3534 is a thinly disguised permanent roadblock to American energy which drives American companies out of the Gulf, delays future drilling, increases dependency on foreign oil, implements climate change legislation and youth education programs; but most important, it mandates membership in the Law of the Sea Treaty without the required two-thirds vote to ratify it in the U.S. Senate.


  21. Obama opened his clenched fist to Iran in his speech to the UN and again offered the option of talking with Iran. Iran’s fine example of a human beast, Ahmadinejad, slapped Obama down in his speech later on.

    During the speech of Iran’s Ahmadinejad, the USA’s reps and the British walked out so they didn’t have to listen to him. He accused the USA of being responsible for 9-11.

    Ahmadinejad’s UN Speech Triggers US Walkout

    Iranian President Mahmoud Ahmadinejad triggered a walkout of U.S. and other delegates when he suggested in a U.N. General Assembly speech Thursday that the United States government staged the September 11th, 2001 terrorist attacks.

    The Iranian leader said his country’s nuclear activities are in conformance with international accords.

    A spokesman for the U.S. mission to the United Nations said that instead of representing the aspirations and goodwill of the Iranian people, Mr. Ahmadinejad chose again to spout vile conspiracy theories and anti-Semitic slurs that he said are as abhorrent and delusional as they are predictable.


  22. US Walks Out on Ahmadinejad UN Speech
    Thursday, September 23rd, 2010 at 5:50 pm
    Posted 1 hour ago Snips

    The U.S. and other western delegations walked out of Iranian President Mahmoud Ahmadinejad’s U.N. speech Thursday after he said “most people around the world” believe the United States government was responsible for the September 11, 2001 terror attacks.

    Mr. Ahmadinejad told world leaders at the United Nations General Assembly it was mostly U.S. government officials who believed a terrorist group was behind the suicide hijacking attacks that brought down New York’s World Trade Center and hit the Pentagon.

    Another theory, he said, was that people “within the U.S. government” orchestrated the attacks to reverse the declining American economy and to save what he called Israel’s “Zionist regime.”

    The Iranian president also spoke of threats to burn the Quran by U.S. religious groups, calling that an act of “evil.” He held up copies of the Muslim holy book and the Bible, saying the Iranian people respect both religious traditions.


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