Topic: Financial Transaction Tax

Godfrey Bloom and Nigel Farage of the UK Independence Party (UKIP) delivered fiery speeches in the European Parliament against the proposed Financial Transaction Tax (FTT). Bloom argued the tax would destroy the City of London and harm pensioners. The segment includes a heated exchange where Bloom calls a fellow parliamentarian a "scoundrel."

The Copenhagen Accord is analyzed as a stepping stone toward global governance, featuring proposals for a 2% global tax on financial transactions. The document's references to the 1992 UN Framework Convention on Climate Change reveal a long-term strategy of "building blocks" established through various summits in Rio, Cairo, and Beijing. This legal framework is designed to stabilize greenhouse gases through international mandates that supersede national sovereignty.