While Tarpley does not quote his sources in the article below, it seems to be in line with recent pronouncements from Gordon Brown and others that what’s needed is an accrual of power to the International Monetary Fund, as well as the longterm goals of the IMF itself. We’ll find out soon enough – the summit is in three days. A quick survey of other beneficiaries of the IMF’s largesse reveals that they have a less than stellar record when it comes to assisting distressed nation-states.
Webster Tarpley, Prisonplanet.com
November 12, 2008
This is a confidential strategy paper for the November 15 G-20 summit in Washington DC. This is not a new Bretton Woods in any sense, but rather a British-steered attempt to impose the dictatorship of the International Monetary Fund (IMF) on the entire planet, wiping out all hope of economic recovery, the modernization of the developing countries, and national sovereignty at the same time.
Under this plan, the IMF would dictate the economic policies of all states. The IMF orthodoxy is austerity, sacrifice, deregulation, privatization, union busting, wage reductions, free trade, the race to the bottom, and prohibitions on advanced technologies. These policies would strangle humanity.
The Brazil-Russia-India-China bloc is reportedly objecting to putting so much power into the hands of the IMF, which is dominated by the US and the British, with Prime Minister Gordon Brown and Treasury Secretary Paulson of Goldman Sachs laying down the party line.
The new Chinese economic measures are the opposite of the bankers’ bailouts imposed so far in the wealthier countries. The Chinese will spend $585 billion on infrastructure, transportation, housing, and food production, with special attention to railroads, airports, and roads. The Chinese package is in the spirit of the Franklin D. Roosevelt New Deal, and it will maintain forward progress for China. The US $700 billion bailout and the UK and EU versions are a futile attempt to prop up the $1.5 quadrillion derivatives bubble. Sensible economic policy starts with wiping out the derivatives cancer.
The interest of humanity can only be served by preventing the Washington conference from carrying out the plan outlined below. If Russia, China, and the developing countries can mount an effective opposition, the world will divide into two blocs – a pro-derivatives, anti-production Malthusian-monetarist bloc, which will tend to fall behind because of its own policies; and, on the other hand, an anti-derivatives, pro-production bloc of nations seeking modern technology, and the full fruits of scienitific and economic progress. Persons of good will in all nations are encouraged to mobilize to make sure that their own country joins the pro-production, anti-derivatives bloc. [Ed. Note: Stimulus by deficit spending also compounds the problem - neither is an acceptable solution.]
Preparations the for economic summit in Washington on November 15 are well advanced. Here are the five points which are currently on the agenda to be adopted by the invited heads of state. The overall philosophy is to continue globalization by reinforcing free trade and by creating a world economic government under the IMF.
The IMF Program Reads As Follows:
1) require the credit rating agencies to be registered and monitored and submit to rules of governance;
2) halt the principle of a convergence of accounting standards and re-examine the application of the fair market value rule in the financial field, so as to improve its coherence with the rules of prudence and conservatism;
3) to resolve that no market segment, territory, or financial institution shall escape from a proportionate and adequate regulation, or at the least, surveillance;
4) set up a code of conduct to avoid excessive risk-taking in the financial industry, including in the area of compensation. Supervisors will have to follow this code in evaluating the risk profiles of financial institutions;
5) to entrust to the IMF the primary responsibility, along with the FSF (Financial Stability Forum – Basel), to recommend the necessary measures to restore confidence and stability.
The IMF must be equipped with the essential resources and suitable instruments to support countries in difficulty, and to exert its role of macroeconomic surveillance to the fullest.
Source | See Also under New World Order: Gordon Brown calls for new world order to beat recession | Obama, like McCain, surrounds himself with elite CFR powerbrokers | Baron Rothschild tags along with Gordon Brown, expects new world order | Hope for Obama’s US and Europe to drive a ‘new deal’ for a ‘new world’: Barroso, Brown | Sitting US Congressman: Expect shift towards world government under Obama | Russian government calls for new World Order | Change should be more than a slogan | The Bush gang’s parting gift: a final, frantic looting of public wealth |Ãƒâ€šÃ‚Â IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Draft letter calls on IMF to play critical role in financial crisis | ‘Stick together or sink together’: European Commission president invokes ‘global governance’ | UN announces green ‘New Deal’ plan to rescue world economies | Global financial summit set for Nov. 15 in Washington | History: How the US Government Was Overthrown In Three Easy Steps | Globalists Exploit Financial Meltdown In Move Towards One World Currency | Wanted: a new financial order | EU leaders to meet Bush and plan “refoundation of capitalism” | Bush outlines radical plan to part-nationalise banks | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Behind the panic: Financial warfare over the future of global bank power | G7 finance officials pledge action to end financial crisis | Global markets plummet in growing stock sell-off | Brown wants ‘global’ bank support | US considers following British example of taking stakes in banks | New World Order: Global co-operation, nationalisation and state intervention – all in one day | Calls For New EU Financial Order Increase As Total Meltdown Becomes Likely | Paul Martin calls for ‘global solution’ | Private Federal Reserve Makes Power Grab as Bush, McCain Urge Congress to Approve Plan | Towards a new world order: Canada-EU trade proposal rivals scope of NAFTA | Bank of Canada piles on in global inflationary swindle | Central banks continue inflating global economy | Central Banks Move to Transfer Wealth from Taxpayers to Banks | Russia’s defiance in the Caucasus has brought down the curtain on Bush senior’s new world order | Paul Martin promoting a new League of Nations on the road | US must share power in new world order, says Turkey’s controversial president | Global ‘liberalization’ illusion under threat. Economist calls for world economic regime, Keynesian saviour. Irony? | Federal Reserve cites global stakes in Fannie and Freddie rescue | Financial ’super cop’ role for Fed | The Resurgent Idea of World Government | What Really Killed Bear Stearns? | Soros points out regulated markets fail to operate on market fundamentals, calls for more regulation | Competition study calls for lowered barriers to foreign ownership, bank mergers | Massive overhaul urged on foreign investment in airlines, media, and banks | Bilderberg Seeks Bank Centralization Agenda | Secretive Bilderberg Group Reverses Policy, Releases Press Release and Attendance List | Actually, it’s time to imagine a new world order | Banks face “new world order,” consolidation: report