G20 Summit: Global Economy: new apparatus will subordinate national economic regulatory bodies to world economic law

Dick Morris has been reading the documents produced by the recently completed London G20
Summit. He pinpoints a monumental action laying out the jurdicial basis for a Global Economic Union. He writes ("The Declaration of Independence has been repealed," Apr6,2k9):

The joint communiqué [of G2 London 2k9] essentially announces a global economic union with uniform regulations and bylaws for all nations, including the United States. Henceforth, our [USA Securities Exchange Commission], Commodities Trading Commission, Federal Reserve Board and other regulators will have to march to the beat of drums pounded by the Financial Stability Board (FSB), a body of central bankers from each of the G-20 states and the European Union.

One need not follow Morris all the way in his line of thawt, but he focuses us on key systemic and structural change that we need to understand. This G20 action will be the cause of many debates of philosophy of law for many Constitution-oriented Americans.

-- Lawt