The TTIP proposal is bought and paid for by the banks. Why? Pick up the rug and you will always find the dirt. The USA has been fining European banks vast amounts of money. The New York banks, especially Goldman Sachs, is shaking like a leaf that they could be hauled into European courts to pay for the collapse of Greek debt for starters. The main stumbling block with TTIP is how it has been written at the request of the bankers to prohibit any foreign country from suing a New York banks anywhere by New York City – where they own the judges today just as the Mafia use to during the Prohibition days.

Back in 1999, the ex-Goldman Sachs U.S. Treasury Secretary Robert Rubin said that crafting a deal that will let China into the World Trade Organization was “eminently doable.” Yes it was Robert Rubin who not only orchestrated the repeal of Glass Steagall, few people realize that he also opened the door so Goldman Sachs could even sell derivative time-bombs outside the USA. He managed to stuff into the World Trade Organization agreement, the financial services portion that placed the world at the door-step of Goldman Sachs.

This deal covered “95% of the global financial services market as measured in revenue. With this deal, 102 WTO members now have market-opening commitments in the financial services sector, including 70 improved offers in this round of negotiations. The commitments before us now encompass $17.8 trillion in global securities assets; $38 trillion in global (domestic) bank lending; and $22.2 trillion in worldwide insurance premiums. In insurance alone, US companies now have more than $200 billion in foreign premiums.” (Statement by Secretary Rubin and Ambassador Barshefsky Regarding the Successful Conclusion of the WTO Financial Services Negotiations 12/13/1997)

TTIP is now all about protecting the banks for lawsuits because they blew-up the world and seriously damaged the global economy. Under Ronald Reagan, the annual GDP growth was 3.5%. Obama will pray for 1.5%. Trading volume in the S&P500 as well as the velocity of money have crashed and burned ever since Rubin connived to repealed Glass Steagal giving birth to Transactional Banking. TTIP is by no means a real trade deal. It is one-sided and intended primarily to protect the New York bankers.