Obama and the Democrats have violated hundreds of years of contract law in passing ObamaCare because the law forces Americans to enter into health insurance contracts on penalty of fine or even imprisonment. For contracts to be valid in a court of law, however, contracts must be entered into willingly, not under compulsion.
Now we learn here that the Greek Parliament, having thrown out people who won't vote the correct way, has interfered with bond contracts, rewriting the terms after the fact in order to get what it wants:
The Greek parliament's retroactive law last month to insert collective action clauses (CACs) into its bonds to coerce creditor hold-outs has added a fresh twist. These CAC's are likely to be activated over coming days. Use of retroactive laws to change contracts is anathema in credit markets.
Add to this the US housing MERS scandal which has violated the ancient principle of traceable registered property documentation and I'd say we have a trinity of cases demonstrating a complete and utter repudiation of The West by The West.
