Final Copenhagen Text Includes Global Transaction Tax

Obama set to bypass Congress and approve massive transfer of wealth to world government
Paul Joseph Watson
Infowars
Dec. 19, 2009

The final Copenhagen draft agreement which was hammered out in the early hours of Friday morning includes provisions for a global tax on financial transactions that will be paid directly to the World Bank, as President Obama prepares to bypass Congress by approving a massive transfer of wealth from America into globalist hands.

As Lord Monckton, Alex Jones and others warned, the notion that the globalists would achieve nothing at Copenhagen has likely been a ruse all along. The elite look set to ram through the lion’s share of their agenda, which would include a massive global government tax at a cost of at least $3,000 a year for American families already laboring under a devastating recession, double digit unemployment and a reduction in living standards.

Hillary Clinton arrived yesterday to rally global leaders around a resolution and Barack Obama is set to be portrayed as the savior of the world by rescuing what was pitched all along as a conference doomed to fail.

“The summit “hangs in the balance,” said Obama this morning. “We are running out of time. The time for talk is over. It is better for us to act than to talk. The question is whether we move forward together or split apart.”

The final agreement may not force countries to meet CO2 emission targets, but it will grease the skids for the biggest tax hike in human history, a fact that establishment media outlets have completely failed to emphasize.

Monckton told the Alex Jones Show last week that the initial secretive draft version of the Copenhagen agreement represented a global government power grab on an “unimaginable scale,” and mandated the creation of 700 new bureaucracies as well as a colossal raft of new taxes including 2 percent levies on both GDP and every international financial transaction.

Monckton said that the new world government outlined in the treaty would be handed powers to, “Tax the American economy to the extent of 2 percent GDP, to impose a further tax of 2 percent on every financial transaction….and to close down effectively the economies of the west, transfer your jobs to third world countries.”

As the leak of the Danish text outlined, such taxes, earmarked as “climate financing,” will go straight into the coffers of the IMF and the World Bank. These funds will be used to bankroll the imposition of global governance that UN Secretary General Ban Ki-moon promised would be achieved at Copenhagen.

According to the latest news out of Copenhagen, the taxes that were included in the initial text are still in the final agreement which is set to be passed later today or in the early hours of Saturday morning.

The Sydney Morning Herald reports that the final text, “Proposes a range of innovative mechanisms for raising the money, ranging from a tax on air and sea transports fuels to a tax on financial transfers.”

This would form part of an initial commitment of $US10 billion a year from 2010 to 2012, climbing to $US50 billion annually by 2015 and $US100 billion by 2020, although these figures will inevitably increase if the UN ramps up its climate fearmongering as it has done at each successive climate conference since the Rio Earth Summit in 1992.

The treaty outlines, “Penalties or fines for non-compliance,” in developed countries and the creation of an international police force to “enforce its will by imposing unlimited financial penalties on any countries whose performance under this treaty they don’t like,” Monckton told the Alex Jones Show, saying that it amounted to a total global government takeover on an “unimaginable scale”.

“We’re looking at a grab for absolute power and absolute financial control worldwide by the UN and its associated bureaucracies and 700 new bureaucratic bodies,” said Monckton, adding that if the agreement was signed by Obama, the U.S. would be losing its freedom to a “sinister dictatorship” being formed under the contrived pretext of global warming.

Watch Monckton’s latest interview with the Alex Jones Show below.