Have Legislators Earned Their Salaries? (Part 5)

GLOBAL MARKETS

ARE

 UNCONSTITUTIONAL

The ways that Wall Street speculators and Big Oil do business in the new "global markets" are inconsistent with the ordinary American's customs, practices, and traditions that America's federal and state constitutions embrace. Click http://www.cnbc.com/id/100658015 to read about a US government plan that is a violation of the rules in the Declaration of Independence. See text highlited in yellow in IMAGE 1 of the Introduction of this blog.

Reference to specific speculators Koch brothers with their offshore "oil shark" tankers near America and Britain appears near the outset of the Introduction of this blog. They use their tankers as tools to invade the wallets of ordinary Americans. Also, their tankers endanger the world's environment and wildlife with massive oil spills.

Koch brothers, in cahoots with other oil speculators and Big Oil, pressure members of the Congress and Presidency to quietly make rules that let them set artificially high prices for gasoline and other necessaries of life so oppressive that ordinary Americans, their captive buyers, are unable to save money for emergencies in everyday life.

Today, the wealthy people want to be even richer at the expense of ordinary Americans. They brush aside "sovereignty", the nuclei of America's 51 constitutional governments. They find that manipulation of prices for gasoline and other necessaries of life is a very profitable path to even greater accumulation of money as they extract it from the wallets of ordinary Americans. Koch Brothers, mentioned in the Introduction, use "oil shark" tankers to store oil offshore of America to understock the American market to raise its price when they bring the oil onshore to sell its well above the natural price of free competition. Now for the reasons why "global markets" for the rich are illegal.

Sovereignty is another word for a government's protection of its inhabitants. In a real way, Americans are  without any representative inside and outside America for the stable  prices for necessaries of life in "global markets". Outside, the rulers of Saudi Arabia, for example, who may understock oil markets at will, do not care about Americans. Let them pay record high prices for gasoline. Inside, the Presidency has not used, for decades, the federal antitrust laws to break up illegal monopolies like Wall Street speculators and Big Oil to lower prices for gasoline and other necessaries of life to Americans. Congress is under the influence of money of the operators of illegal monopolies and remains silent. The 50 states [except for Massachusetts from 1919 to 1978]  idly watch as Congress and the Presidency allow illegal monopolies to flourish and do business in "global markets" without due process of law and equal protection of the laws that are a part of America's sovereignty for its inhabitants.

                                                                        
Click http://globalpublicsquare.blogs.cnn.com/2012/01/15/zakaria-why-oil-prices-will-stay-high to read Fareed Zakaria's article on January 15, 2012, with the title "Why Oil Prices Will Stay High" especially his last six paragraphs that refer to foreign nations' need to keep oil prices high [at Americans' expense] to balance their budgets. Those nations, by their ability to understock the oil markets, hold oil prices well above their natural prices of free competition in a way consistent with the goals of illegal monopolies such as Wall Street speculators and Big Oil.

With no choice but to pay them, Americans now truly fund not only the budgets of those foreign nations but also the profits of America's illegal monopolies. To read about the amount of quarterly profits in 2007 for one of the corporations that make up Big Oil, click http://money.cnn.com/2008/02/01/news/companies/exxon_earnings/ to read the article ExxonMobil shatters profit records by David Ellis, CNN staff writer on February 1, 2008. As David Ellis points out the $11.7 billions profit equals a $1,300.00 per second in profits. Per hour, the profit is $4,680,000.00 in 2007, nearly five million dollars an hour. These numbers stagger the imagination.

"Global markets" without a global government with rules to protect Americans and other people in other nations from illegal monopolies will only lead to chaos and confusion everywhere and make the rich even richer in the short term. But, the nations of this world will not promptly set up a global government with sovereignty for everyone. Americans can not wait. See NOTE below.

Stop the illegal monopolies with either a Coolidge-Walsh Law in 50 states or the federal antitrust laws for protection Americans. See Part 3 of this blog where you may read the original text of that simple law of only 118 words. Americans will regain their sovereignty and will have lower, stable prices for gasoline and other necessaries of life. The Law is more durable than an antitrust law, is self-executes to work 24/7 every year forever once it is part of a state's statutory law.

NOTE: As a matter of law, Congress and the Presidency can not provide Americans with sovereignty inside "global markets" beyond this country's territorial limits without treaties with foreign nations. But, the President still has authority to enforce the federal antitrust laws against illegal American monopolists and  illegal foreign monopolists with minimum contacts with America in American courts to protect ordinary Americans from record high prices for necessaries of life. The presidency has not used their authority to protect Americans from illegal monopolists' predatory practices.