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Terence Corcoran, The Financial Post
April 12, 2010

From Syncrude to Greece to China-U.S. currency and trade wars, global enterprise is threatened by rising state power

The greatest unresolved issue in global economics is the rapidly expanding role of governments. Daily events draw attention to the transformation underway, but there is little corresponding acknowledgment that the new world order may not be exactly what anybody really wants. Europe’s subsidized bailout of Greece at the expense of non-Greeks, the China-U.S. war over trade and currencies and the continuing expansion of state enterprises and sovereign wealth funds around the globe suggest world economic activity is shifting away from private enterprise and into the hands of state enterprise, with few questions being raised about the implications for the future.

The announcement yesterday that Sinopec, one of China’s national energy giants, will pay $4.65-billion for 9% of Canada’s oil sands pioneer, Syncrude, rekindles the issue of foreign ownership in Canada. The company selling the Syncrude stake, ConocoPhillips, is a private enterprise based in Houston. The Texas firm has world-wide operations based on a well-known corporate model – maximize profits for shareholders. ConocoPhillips has no nationality, answers to no government and has no access to state force to achieve its shareholder objectives.

Few Canadians object to ConocoPhillips role in the Canadian economy. But there is less enthusiasm for sovereign state corporations. An opinion survey released yesterday by the Asia Pacific Foundation of Canada (APFC) found that only 18% of Canadians would favour a Chinese state-owned enteprise buying a controlling stake on a Canadian company. Sinopec’s is not buying control of Syncrude, but the survey appears to reflect Canadian concerns about the role of a foreign-government controlled enterprise in Canada.

A China state takeover of a Canadian entity is an obvious next stage. Yuen Pau Woo, head of the APFC, said that “If Canada wants a share of Chinese investment capital, we will have to learn to live with state-owned companies.” There is more to come, said Mr. Woo. “With the likely appreciation of the renminbi, we can expect an even greater amount of Chinese outward investment in the years ahead.”
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This is the Soros plan. And of course, the IMF will happily operate this immense capital pool. Really nothing to do with global warming, of course, that’s just the pretext. It’s unlikely the money will even ever go towards ‘fixing’ the environment, as though a tax could ever accomplish this in the first place. Remember how the American banks simply appropriated the bailout funds and put them towards buying up and merging with their smaller competitors? It’s outright theft. And the end that these globalizing institutions have in sight is the creation of a new layer of global governance, with centralized taxation and currency control headed up by the IMF and the World Bank. It doesn’t seem as though they particularly care how they get the funding for this – recent months have seen separate proposals for a ‘Tobin tax’ on all financial transactions at Copenhagen and elsewhere, a global bank insurance levy, and now this idea of a direct ‘IMF tax’ on the GDP of nations. Ever since Copenhagen fell through (in large part because African states could see the proposed economic colonization a mile away, and they didn’t want to go that route), the globalist clique has backed off for a while, but now the renewed push is on to get the international community to capitulate, and there is an implicit threat involved now. Hand over power, or more countries fall. (Economist Max Keiser has exposed how Iceland was taken down by derivatives (skip to the second video), and it’s all over the news how Goldman Sachs wrecked Greece.)

Flashback: EU considers general carbon tax | Leaked UN Documents Reveal Plan For “Green World Order” By 2012 | Davos: Global climate fund threatens aid to developing world, campaigner warns | Davos 2010: George Soros warns gold is now the ‘ultimate bubble’, calls for IMF to handle climate fund | Copenhagen Accord Establishes Global Government Framework | Canada part of Copenhagen climate deal | Final Copenhagen Text Includes Global Transaction Tax | World leaders push for climate deal | UN Chief: We Will Impose Global Governance | Copenhagen climate summit releases draft final text | IMF could fund climate adaptation: Soros | Copenhagen climate summit in disarray after ‘Danish text’ leak | Bombshell UN Climate Documents Reveal Planned “End Run” Around National Sovereignty | Canada agrees to contribute to $10-billion climate change fund | UK: Brown proposes global fund to kick-start Copenhagen climate change process | Leaked G20 Documents Shed Light on Global Carbon Tax | Everyone in Britain could be given a personal ‘carbon allowance’ | Czech President: Copenhagen to be ‘Largest tax increase in world history’ | Friends of the Earth attacks carbon trading as banker scam | Oil Companies Support Global Warming Alarmists, Not Skeptics | Al Gore’s Inconvenient Truth sequel stresses spiritual argument on climate, downgrades CO2 threat | EU agrees to pay developing countries ‘climate aid’ to pass Copenhagen | Copenhagen’s Plans for a New ‘Government’ are Scary | Copenhagen, carbon, and the global corporate agenda | Lord Nicholas Stern: The world’s future is being decided this weekend | Thatcher science adviser: Copenhagen goal is world government | German Scientists Call for ‘World Climate Bank’ | G8 Summit: Rich nations to pay green tab | US Congress Passes the 1,200-page Climate Bill that it was not allowed to read | Climate Cops To Fine “Wasteful” Homeowners & Businesses | Obama targets US public with call for climate action | Obama to stake reputation on fast-tracked climate bill | The great carbon credit con: Why are we paying the Third World to poison its environment? | Ontario unveils cap-and-trade legislation | Economic stabilization may rely on carbon economy, economist says | Climate panel presses for federal cap-and-trade system | NRTEE Carbon Market Panel is ‘Round Table on Socialist Planning’ | Obama, Gore, tied to Chicago carbon exchange | U.N. ‘Climate Change’ Plan Would Likely Shift Trillions to Form New World Economy | U.N. Environment Head Wants Global Warming Tax | Time to emulate Roosevelt’s New Deal and create green jobs | EU calls for global carbon trading system to fight climate change

The Associated Press
March 8, 2010

Kenya’s Prime Minister Raila Odinga, left, and International Monetary Fund Managing Director Dominique Strauss-Kahn, right, take part in a panel discussion at the University of Nairobi in Nairobi, Kenya, Monday, March 8, 2010.(AP Photo/Khalil Senosi)

NAIROBI, Kenya (AP) — The head of the International Monetary Fund on Monday proposed a plan for the world’s governments to pool together to raise money needed to adapt to climate change, a rare step for an organization that normally does not develop environmental policies.

IMF Managing Director Dominique Strauss-Kahn said the Fund is concerned about the huge amount of funding needed and the effect that will have on the global economy. He added that the proposal may help efforts to reach a binding agreement on climate change later this year.

Strauss-Kahn proposed that countries adopt a quota system similar to the one the Fund uses to raise its own money, which could bring in money faster than proposals to increase carbon taxes or other fundraising methods. He only provided a broad outline of the plan, as the organization will release a paper within 10 days with full details. It is unclear how the proposal will be received.

The IMF raises funds from its 185 members mainly through a quota system that is based broadly on each country’s economic size. The United States is currently the largest shareholder.

“We all know that (carbon taxes and other fundraising methods) will take time and we don’t have this time. So we need something which looks like an interim solution, which will bridge the gap between now and the time when those carbon taxes will be big enough to solve the problem,” Strauss-Kahn said. “And that is exactly what the IMF proposal is dealing with.”

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Of course, this isn’t really ‘a tax on banks’, though the phrase is good PR, and it’s certainly not a tax on the largest global central banks. The banks that will take the hit (and thus be forced to consolidate upwards even further) will be small regional banks and they will past those costs along to their customers – you.

Flashback: Global Bank Insurance Levy Wins Support over Transaction Tax at Davos | Harper urges G20 to follow economic accords | Bankers unite against Barack Obama and Gordon Brown in call for world regulation | IMF warns against retreat from stimulus spending | Banks find gaping loophole in Obama financial reforms | Obama talking tough with banks | EU urged to adopt bank supertax | Obama ponders bank transaction levy to recoup bailout shortfalls | Explosive Leaked Emails Expose Treasury Secretary Geithner’s Deception in ‘Backdoor Bailout’ | Final Copenhagen Text Includes Global Transaction Tax | EU calls for tax on bank transactions | UK: Brown takes campaign for Tobin tax to Commonwealth | UK: Brown proposes global fund to kick-start Copenhagen climate change process | Flaherty, USA say no to global financial tax, yes to continued ’stimulus’ at G20 | Bernanke continues pressing for sweeping new powers for Fed | IMF chief wants global bank tax | G20 nations meet as protests flare on issue of international banking regulation | IMF approves $13bn gold sale to boost lending fund | China Set to Buy $50 Billion in IMF Notes | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister | China explores buying $50bn in IMF bonds | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | UN & IMF Back Agenda For Global Financial Dictatorship | IMF poised to print billions of dollars in ‘global quantitative easing’ | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Globalists Exploit Financial Meltdown In Move Towards One World Currency | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Bilderberg Seeks Bank Centralization Agenda | Banks face “new world order,” consolidation: report

The Daily Mail
February 11, 2010

The world’s economic powers appear to be moving closer to a global bank tax in response to last year’s crisis, Gordon Brown suggested today.

The Prime Minister has been a strong advocate of some form of co-ordinated levy on the banks, which could bring in tens of billions of pounds a year from the financial services sector worldwide to help stabilise the global economy and contribute towards development.

He is understood to be hoping that the IMF will throw its weight behind a global levy at its April meeting in Washington, and that a deal can be concluded at the G20 summit in Canada in June.

In an interview with the Financial Times today, the PM indicated that he believes opinion has shifted in favour of co-ordinated action as a result of US President Barack Obama’s move last month to impose a 90 billion-dollar levy on Wall Street banks.

‘I’m interested in the way support is building up for international action,’ Mr Brown told the FT.

‘People are now prepared to consider the best mechanism by which a levy could be raised.’

At the G7 meeting of finance ministers in St Andrews last November, Mr Brown floated proposals for a form of ‘Tobin tax’ on financial transactions to create ‘a better economic and social contract between financial institutions and the public based on trust and a just distribution of risks and rewards’.

The US swiftly indicated it was not ready to countenance a day-to-day financial transaction tax, but British sources insisted that this did not mean that a levy of some sort could not be agreed.

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These people are desperate to find some way to implement an international tax to fund an inflated mandate for the IMF – the ‘New Bretton Woods‘ Brown is fond of invoking. In this case, the idea being floated is a sort of international FDIC. The form and the means of the tax is simple pretext, a question of pragmatism in service of globalist ideology. StatismWatch has been compiling this unfolding narrative in as faithfully objective a manner as possible since before the economic crisis swept world markets. A centralization of banking power has been the plan from the beginning. Look:

Flashback: Harper urges G20 to follow economic accords | Bankers unite against Barack Obama and Gordon Brown in call for world regulation | IMF warns against retreat from stimulus spending | Banks find gaping loophole in Obama financial reforms | Obama talking tough with banks | EU urged to adopt bank supertax | Obama ponders bank transaction levy to recoup bailout shortfalls | Explosive Leaked Emails Expose Treasury Secretary Geithner’s Deception in ‘Backdoor Bailout’ | Final Copenhagen Text Includes Global Transaction Tax | EU calls for tax on bank transactions | UK: Brown takes campaign for Tobin tax to Commonwealth | UK: Brown proposes global fund to kick-start Copenhagen climate change process | Flaherty, USA say no to global financial tax, yes to continued ’stimulus’ at G20 | Bernanke continues pressing for sweeping new powers for Fed | IMF chief wants global bank tax | G20 nations meet as protests flare on issue of international banking regulation | IMF approves $13bn gold sale to boost lending fund | China Set to Buy $50 Billion in IMF Notes | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister | China explores buying $50bn in IMF bonds | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | UN & IMF Back Agenda For Global Financial Dictatorship | IMF poised to print billions of dollars in ‘global quantitative easing’ | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Globalists Exploit Financial Meltdown In Move Towards One World Currency | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Bilderberg Seeks Bank Centralization Agenda | Banks face “new world order,” consolidation: report

Larry Elliot, Heather Stewart, The Observer
January 31, 2010

The prospects of a global tax on financial transactions were receding fast this weekend amid signs that countries were swinging behind an alternative plan to impose an insurance levy on banks.

Both David Cameron and Alistair Darling expressed support for Barack Obama’s proposals to force banks to pay into a fund that would provide compensation in the event of the failure of a financial institution.

Cameron said at the World Economic Forum summit at Davos that he thought a so-called Tobin tax was unworkable because of a lack of international support, but said he would back an insurance levy if he became prime minister in this spring’s election. “We would work for a new international levy on banks — one of the ideas being considered by the IMF — to protect the taxpayer from footing the bill for banking crises,” the Conservative leader said.

The chancellor said he was working with the US on a permanent insurance levy, an idea the Treasury believes will win more support than a Tobin tax. “We are keen to work on a plan on this with other countries,” Darling added.

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Nice try on the banker’s part here but we already know Brown and Obama are pulling for them, despite recent lipservice paid to populist sentiments. Now, having framed regionalization of regulation as the problem, the banks offer the solution of further globalization and centralization of regulatory control. Any guesses as to which global institutions you think they might want to oversee banking regulation?

Flashback: IMF warns against retreat from stimulus spending | Banks find gaping loophole in Obama financial reforms | Obama talking tough with banks | EU urged to adopt bank supertax | Obama ponders bank transaction levy to recoup bailout shortfalls | Explosive Leaked Emails Expose Treasury Secretary Geithner’s Deception in ‘Backdoor Bailout’ | Final Copenhagen Text Includes Global Transaction Tax | EU calls for tax on bank transactions | UK: Brown takes campaign for Tobin tax to Commonwealth | UK: Brown proposes global fund to kick-start Copenhagen climate change process | Flaherty, USA say no to global financial tax, yes to continued ’stimulus’ at G20 | Bernanke continues pressing for sweeping new powers for Fed | IMF chief wants global bank tax | G20 nations meet as protests flare on issue of international banking regulation | IMF approves $13bn gold sale to boost lending fund | China Set to Buy $50 Billion in IMF Notes | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister | China explores buying $50bn in IMF bonds | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | UN & IMF Back Agenda For Global Financial Dictatorship | IMF poised to print billions of dollars in ‘global quantitative easing’ | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Globalists Exploit Financial Meltdown In Move Towards One World Currency | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Bilderberg Seeks Bank Centralization Agenda | Banks face “new world order,” consolidation: report

London Evening Standard
January 27, 2010

Bankers stood shoulder-to-shoulder at the Swiss ski resort of Davos to try to prevent a scatter-gun approach to new financial regulation by different countries.

They united against Barack Obama‘s threat to break up banks and Gordon Brown‘s growing enthusiasm for a Tobin tax on all financial market transactions.

The Standard Chartered chief executive, Peter Sands, warned against over-regulating the private sector and stifling economic recovery. “The stakes are very high,” he said. “If we get it wrong in one dimension, we will end up stifling growth. If we get it wrong in the other dimension we end up with another crisis.

“The idea that banking is getting back to business as usual is a misunderstanding. Banking has fundamentally changed. There is an acceptance that things will have to continue to change.”

Barclays Capital boss Bob Diamond warned that threats from the US President and moves from the Prime Minister such as the bankers’ bonus tax were damaging. “This is a time when isolated actions in the US and UK are not beneficial,” he said. “Without risk we do not have a banking industry. Having banks willing to take risks, particularly cross-border risk is essential to economics.”

Financiers are keen to see a slower approach to new regulation rather than knee-jerk reactions from individual countries.

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Articles like this are an insult to your intelligence. The globalists think we’re idiots, easily distracted and easily manipulated. “Yes, yes! Tax the banks!” But they don’t know that this time, we’ve been paying attention. We know that this is a thinly disguised money laundering scheme playing off of our emotions. We know that this has been in the works for a while, and Obama didn’t just come up with this wonderful idea for our benefit last month. We know the real purpose of this proposed international Tobin tax is in the end to create a fund to increase the IMF’s power and elevate it to the position of global central bank, a pool of capital to bind nations together like der Ring des Nibelung, crafted from the world’s stolen gold. We know Anders Borg is a member of the shadowy Bilderberg group, essentially an globalist steering committee. And we’re not going to fall for it – or will we? That much is in your hands.

Flashback: Obama ponders bank transaction levy to recoup bailout shortfalls | Explosive Leaked Emails Expose Treasury Secretary Geithner’s Deception in ‘Backdoor Bailout’ | Final Copenhagen Text Includes Global Transaction Tax | EU calls for tax on bank transactions | UK: Brown takes campaign for Tobin tax to Commonwealth | UK: Brown proposes global fund to kick-start Copenhagen climate change process | Flaherty, USA say no to global financial tax, yes to continued ’stimulus’ at G20 | Bernanke continues pressing for sweeping new powers for Fed | IMF chief wants global bank tax | G20 nations meet as protests flare on issue of international banking regulation | IMF approves $13bn gold sale to boost lending fund | China Set to Buy $50 Billion in IMF Notes | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister | China explores buying $50bn in IMF bonds | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | UN & IMF Back Agenda For Global Financial Dictatorship | IMF poised to print billions of dollars in ‘global quantitative easing’ | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Globalists Exploit Financial Meltdown In Move Towards One World Currency | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Bilderberg Seeks Bank Centralization Agenda | Banks face “new world order,” consolidation: report

John O’Donnell, Reuters
January 19, 2010

Sweden’s finance minister wants Europe to follow Obama’s lead

Sweden’s Finance Minister, Anders Borg, right. (AP)

Sweden’s finance minister has called on his counterparts in Europe to follow U.S. President Barack Obama’s lead with a supertax on banks to recoup the costs of propping up the industry.

Mr. Obama proposed last week that Wall Street pay up to $117-billion to reimburse taxpayers for the financial bailout, as he slammed “fat cat” bankers for making massive profits and “obscene” bonuses.

“We cannot accept a situation where the bankers are running away from the bill,” Sweden’s Anders Borg told journalists on Tuesday ahead of a meeting of European Union finance ministers.

“I think there is support among several of my colleagues for this idea,” said the 42-year-old economist. “We had been worried about the competitiveness of Europe. But if this is introduced in the U.S. (that is no longer a concern).”

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Flashback: Copenhagen Accord Establishes Global Government Framework | Canada part of Copenhagen climate deal | Final Copenhagen Text Includes Global Transaction Tax | World leaders push for climate deal | UN Chief: We Will Impose Global Governance | Copenhagen climate summit releases draft final text | IMF could fund climate adaptation: Soros | Copenhagen climate summit in disarray after ‘Danish text’ leak | Bombshell UN Climate Documents Reveal Planned “End Run” Around National Sovereignty | Canada agrees to contribute to $10-billion climate change fund | UK: Brown proposes global fund to kick-start Copenhagen climate change process | Leaked G20 Documents Shed Light on Global Carbon Tax | Everyone in Britain could be given a personal ‘carbon allowance’ | Czech President: Copenhagen to be ‘Largest tax increase in world history’ | Friends of the Earth attacks carbon trading as banker scam | Oil Companies Support Global Warming Alarmists, Not Skeptics | Al Gore’s Inconvenient Truth sequel stresses spiritual argument on climate, downgrades CO2 threat | EU agrees to pay developing countries ‘climate aid’ to pass Copenhagen | Copenhagen’s Plans for a New ‘Government’ are Scary | Copenhagen, carbon, and the global corporate agenda | Lord Nicholas Stern: The world’s future is being decided this weekend | Thatcher science adviser: Copenhagen goal is world government | German Scientists Call for ‘World Climate Bank’ | G8 Summit: Rich nations to pay green tab | US Congress Passes the 1,200-page Climate Bill that it was not allowed to read | Climate Cops To Fine “Wasteful” Homeowners & Businesses | Obama targets US public with call for climate action | Obama to stake reputation on fast-tracked climate bill | The great carbon credit con: Why are we paying the Third World to poison its environment? | Ontario unveils cap-and-trade legislation | Economic stabilization may rely on carbon economy, economist says | Climate panel presses for federal cap-and-trade system | NRTEE Carbon Market Panel is ‘Round Table on Socialist Planning’ | Obama, Gore, tied to Chicago carbon exchange | U.N. ‘Climate Change’ Plan Would Likely Shift Trillions to Form New World Economy | U.N. Environment Head Wants Global Warming Tax | Time to emulate Roosevelt’s New Deal and create green jobs | EU calls for global carbon trading system to fight climate change

Anthony Faiola, Juliet Eilperin, John Pomfret, The Washington Post
December 20, 2009

China to lead caucus of rising powers in negotiations with U.S.

COPENHAGEN—If the talks that resulted in an imperfect deal to combat global warming provided anything here, it was a glimpse into a new world order in which global diplomacy will increasingly be shaped by the United States and emerging powers, most notably China.

Friday’s agreement, sources involved in the talks said, boiled down to U.S. President Barack Obama and Chinese Premier Wen Jiabao personally hammering out a pact they could live with, even if many other nations could not. Wen even squelched his own negotiator’s protests.

What Obama heralded as a “breakthrough” — after getting India and other rising powers to sign on — was decried by some leaders as too little, too late. The leaders of Europe, Japan and other countries at the summit were largely left to rubber-stamp the deal. The Swedish prime minister’s office dubbed it “a disaster.”

Ever since the concept of a Group of Two was proposed this year by former U.S. national security adviser Zbigniew Brzezinski, it has been pooh-poohed by both American and Chinese officials. China hated the notion of addressing the world’s problems alongside the United States because it put too much responsibility on a country that has done very well rising in the shadows. Many U.S. officials opposed it on the grounds that the best way to influence China was through multinational partnerships.

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Again? Enough already, we get it. And you know what, DSK? We’re cool with our own national currencies without handing control of the global monetary supply to your privately held central bank. Thanks, but no thanks.

Flashback: U.S. urges China to strengthen currency | George Soros Calls for World Currency and “New World Architecture” | U.S. dollar sags on global financial leaders’ omission | G20 Meet To Finalize Dumping Of Dollar This Weekend? | Dollar Reaches Breaking Point as Central Banks Shift Reserves | Fisk: Nations to hasten demise of dollar in new world order | US dollar set to be eclipsed, World Bank president predicts | Bilderberg Wants Global Currency Now | Dollar to fall under scrutiny at G20 summit | UN wants new global currency to replace dollar | G20 agrees to continue economic stimulus measures; Geithner shops international reserve accord | China Set to Buy $50 Billion in IMF Notes | Medvedev Unveils “World Currency” Coin At G8 | China calls anew for super-sovereign currency | China explores buying $50bn in IMF bonds | Chinese economists deem huge holding of US bonds “risky” as Geithner visits | A Bigger, Bolder Role Is Imagined For the IMF | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | UN & IMF Back Agenda For Global Financial Dictatorship | U.N. panel says world should ditch dollar | IMF poised to print billions of dollars in ‘global quantitative easing’ | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Globalists Exploit Financial Meltdown In Move Towards One World Currency | World needs new Bretton Woods, says Brown | IMF prescribes state regulation of ‘global financial order’ | Bilderberg Seeks Bank Centralization Agenda | Banks face “new world order,” consolidation: report

Steve Watson, Infowars.net
November 17, 2009

Global financial body wants complete overhaul as soon as possible

The head of the International Monetary Fund has once again called for a new global currency to replace the Dollar, adding that the momentum to instigate such a system is fading.

Dominique Strauss-Kahn told a forum on Tuesday that he wishes to see an emboldened IMF pave the way for the emergence of a global currency based on the monetary body’s special drawing right (SDR).

“That probably has to be a basket,” Strauss-Kahn said of the eventual replacement for the dollar. “In a globalized world there is no domestic solution,” he added.

The IMF head said that the world can no longer rely on a currency issued by a single country to ensure global financial stability.

Strauss-Kahn also said that China should re-value its currency in order to straighten out global economic distortions and imbalances. [Ed. Note: Note how this is exactly what Obama announced today as well.]

Strauss-Kahn said that since the G20 summit in March, where agreements were made to reform the global monetary system, political willingness to carry out such an overhaul has waned.

Former IMF chief, Michel Camdessus, added that “time is of the essence” for global monetary reform. Camdessus said that he backs a shift of power to big emerging economies to act as a corollary of a strengthened role for the SDR.

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If Soros is calling the US’s controlled, mixed-state economy ‘capitalism’ – then we need a new word for capitalism. He’s blaming ‘capitalism’ for the failure of a market that is both over-regulated where it ought to be free, and under-enforced in terms of actual fraudulent activities. His solution? More regulation and control by economic mandarins (such as himself), of course. But on a heretofore unseen scale in world history. Call it what you will – communism, socialism, fascism, economic totalitarianism – it’s all essentially the same. It is the international revolution, carried out not by the molotov-throwing youth of the early twentieth century, but their ideological inheritors. There’s a certain Hegelian irony here – the revolution has become the establishment, and these old men in suits, attending elite conferences throughout the globe, are accomplishing the institution of rule by council in a way that their predecessors in The International could scarce have hoped for in their most fevered dreams.

Flashback: Soros: China Will Lead New World Order | Soros points out regulated markets fail to operate on market fundamentals, calls for more regulation

C. Marlon Richardson, Infowars.com
November 10, 2009

In a shocking Op-Ed piece published Thursday on project-syndicate.org, globalist financier George Soros calls for a “New World Architecture”. In his essay, he states how international capitalism, led by the United States has “broken down” and how “A new multilateral system based on sounder principals must be invented” through the use of the IMF (International Monetary Fund). Soros goes on to recommend SDR’s (Special Drawing Rights), created by the IMF, as a replacement for the declining US Dollar.

“The dollar no longer enjoys the trust and confidence that it once did… The US ought not to shy away from wider use of IMF Special Drawing Rights. Because SDRs are denominated in several national currencies, no single currency would enjoy an unfair advantage.”

The issuance of SDR’s among the world economies would place all currencies on a level playing field, whose value would be determined by the international SDR.

Soros also calls for the United Nations and its Security Council, currently led by President Barack Obama, in direct violation of the U.S, Constitution, to serve as the overseeing enforcement body for this new financial system.

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The symbolism of calling for a controlled and micromanaged global order of the sort currently being erected on this anniverary, when people tore their freedom from walls of stone, is unspeakably obscene.

Flashback: Copenhagen, carbon, and the global corporate agenda | Thatcher science adviser: Copenhagen goal is world government | IMF chief wants global bank tax | Obama tells UN new era demands global unity | A year after financial crisis, a new world order emerges | UN wants new global currency to replace dollar | German Scientists Call for ‘World Climate Bank’ | UK PM reveals G20 plan to boost IMF by $1 trillion, hails new world order (again) | World Bank President Admits Agenda For Global Government | Gordon Brown chooses pulpit as latest platform to push New World Order | US backing for world currency stuns markets | U.N. ‘Climate Change’ Plan Would Likely Shift Trillions to Form New World Economy | U.N. Environment Head Wants Global Warming Tax | Gordon Brown’s amazing patent cure-all globalization deal | Volcker sees crisis leading to global regulation | Gordon Brown seeks sweeping reforms to give IMF global ’surveillance role’ | Kissinger Calls for a New World Order | Kissinger Calls For New International System Out Of World Crises | Financial Times: And now for a world government | Gordon Brown calls for new world order to beat recession | 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 | ‘Stick together or sink together’: European Commission president invokes ‘global governance’ | Paul Martin calls for ‘global solution’ | Towards a new world order: Canada-EU trade proposal rivals scope of NAFTA | Paul Martin promoting a new League of Nations on the road | The Resurgent Idea of World Government

Steve Watson, Infowars.net
November 9, 2009

Chancellor Angela Merkel today called for the establishment of a “new global order” in remarks marking the 20th anniversary of the fall of the Berlin Wall.

Speaking at a scientific conference entitled “Falling Walls”, Merkel brazenly told reporters:

“The most important thing, when attempting to overcome barriers, is: Are the nation states ready and willing to give competencies over to multilateral organizations, no matter what it costs?”

The German leader stated that world unity could only be possible if such “global corrections” were made.

“This world will not be a peaceful one if we do not work for more global order and more multilateral cooperation,” Merkel stated.

In the presence of U.S. Secretary of State Hillary Clinton, Merkel added that Americans would have to deliver over more authority to multilateral organizations such as the UN, just as Europeans have done to the EU.

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