Basics of Investing

Archive for June, 2008

Question: Politics: Could one State Block NAFTA @ US Supreme Court by asserting it’s Soverenty over foriegn Investment?

Who has prevailing constitutional rights, a state in the US or Foreign investors?
A state does not have the right to enact treaties, but it does have the right to establish the conditions for use of it’s own “real estate”.

http://www.youtube.com/watch?v=wVFfDVk6OoU

http://www.freedom.org/articles/corsi-806.shtml

“Critics have recently argued that plans to form NAFTA Super-Highways in the United States were largely “urban legend,” or just pure “hype.” These same critics note that many state departments of transportation are strapped for cash, and that states North of Texas have no current plans to build super-highways, extending the Trans-Texas Corridor (TTC) North to Canada.”

Answer: Two answers–1) The interstate commerce clause has long been a “catch-all” for anything the feds want to do…if they can REMOTELY argue that something affects “interstate commerce,” they regulate it; 2) unfunded mandates–they can just say to State X, “OK, you don’t want to do what the federal government says to do, fine…but if you don’t we will not give you_____________ (fill in the blank, highway funds, whatever) until you do.”

Canadian Real Estate Investor- Peter Kinch