Whilst we’re talking about global steering committees, a term Martin has used to describe his vision for the G20, we should bring up the fact that Martin has been an attendee at the Bilderberg group as well. That’s a connection this article should have made, but missed. Refer also to this article by Terence Corcoran which links to a study outlining some of the genetic connections between The League of Nations and Canadian globalist academics. Now there’s a thesis topic for some aspirant at the Munk schools. (We’ve done half your research, ssshh, don’t tell anyone). This future scholar may also want to take note of the fact that Larry Summers had a pivotal role to play in the deregulation of derivatives in the Clinton administration – a move which contributed materially to the CDS derivative-driven credit crisis of 2008 and the billions of bailout funds funnelled to the banks. He’s a former head of the World Bank. And now as head of the National Economic Council, he’s one of Obama’s lead economic advisors. Oh, we’re in good hands.
Related: Paul Martin prescribes international regulatory body for ailing fiat economies | Press for Truth confronts Paul Martin on Bilderberg and the SPP | Paul Martin calls for ‘global solution’ | Paul Martin promoting a new League of Nations on the road | For more on the G20, see the G20 Coverage page feature.
John Ibbitson and Tara Perkins, The Globe and Mail
June 18, 2010
Paul Martin sat in Lawrence Summers’ spacious office in the Greek-columned U.S. Treasury building in Washington, searching in vain for a piece of paper. With none in sight, the two men grabbed a brown manila envelope, put it on the table between them, and began sketching the framework of a new world order.
It was April 27, 1999. For the past five years, the global economy had shuddered under a string of massive debt defaults — first in Mexico, and then in Southeast Asia and Russia.
In each case, Western leaders and bankers responded by prescribing harsh fixes, throwing one developing economy after another into recession.
As crisis followed crisis, Mr. Martin, then Canada’s finance minister, became convinced that major developing nations had to be given a voice — not just an ultimatum — when it came to discussing their place in the global economy. But in the capitals of Europe and the corridors of Washington, the answer was always the same: It’s our club, and there are no vacancies.
Or at least it was the same answer until that April day when Mr. Martin visited Mr. Summers, then Bill Clinton’s nominee for treasury secretary, to press his case. He argued that they couldn’t keep imposing solutions on developing countries. The G7 had to be expanded — at least at the finance-ministers’ level.
Mr. Summers quickly agreed. But that was the simple part. Much thornier was the issue of who would be admitted to the club.