Home    Charts	Global Economy Other relevant topics: Managing change | Communitarianism |  Regionalism Relevant articles:  The emerging New World Order The Joseph Principle and Crisis Economics Reinventing the World | George Orwell's 1984 The U.N. Plan for Your Community | Homeland Security Transforming America	The Revolutionary Roots of the UN
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered." Thomas Jefferson "The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world." Professor Carroll Quigley (Bill Clinton's mentor at Georgetown University), Tragedy and Hope (1966) p. 324.

November 2009

Stimulus creates jobs in China: "Of the $1 billion in clean-energy stimulus money spent since the beginning of September, $850 million has gone to foreign wind companies.... Indeed, the 11 U.S. wind farms that received stimulus money from the Treasury have imported 695 of the 982 wind turbines to be installed, creating 4,500 jobs overseas. That's far more overseas work than the stimulus money has created in the United States." See  Crisis Economics

October 2009

Climate and Coinage: Hot Air and Hot Money: "Understanding the monetary forces pushing climate change is essential, for in a few weeks time... world leaders will be gathering at Copenhagen to hash out a new global climate change treaty. What makes this summit especially important is that the timing matches the economic crisis, and global warming lobbyists – along with major banking and investment firms – anticipate a solution that will save the planet’s climate while reshaping the global economic landscape.

    "How so? Carbon taxes at the national and international level, and the creation of a massive new marketing structure based on carbon trading. Global governance is part of this package, as this 'carbon economy' is to be coupled to a CO2 currency that will transcend national politics." See Washington's Farewell Address, 1796 and the next link:

Where are the banks putting their money? "Over the last three months, banks put 63 percent of their new cash into euros and yen -- not the greenbacks -- a nearly complete reversal of the dollar's one time dominance for reserves, according to Barclays Capital. The dollar's share of new cash in the central banks was down to 37 percent -- compared with two-thirds a decade ago." See The emerging New World Order

The demise of the dollar: "Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia." Trusting God, not man

China buys the world: "Chinese businesses, their coffers overflowing with state money, have been doing progressively bigger and bolder deals."

The demise of the dollar: "Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia.... See Trusting God, not man

Detroit: Too broke to bury their dead: "Money to bury Detroit's poor has dried up, forcing struggling families to abandon their loved ones in the morgue freezer." Sad warning for our times

Obama Makes U.S. Taxpayers Bail Out Foreigners: "...one might think that the President and the Congress would focus their attention on the recovery of the American economy. Instead... an inordinate amount of benefits bestowed by the federal government in the past year have in fact flowed to foreign entities, from banks to car companies to entire countries."

September 2009

Fed didn't bark at subprime loan abuses: "Three times a year, a coalition of Chicago community groups met with the Federal Reserve and other banking regulators to warn about the growing prevalence of abusive mortgage lending. They began to present research in 1999 showing that large banking companies including Wells Fargo and Citigroup had created subprime businesses wholly focused on making loans at high interest rates, largely in the black and Hispanic neighborhoods to the south and west of downtown Chicago.... The groups pleaded for regulators to act.... But... the pleas failed to move the Fed, the sole federal regulator with authority over the businesses."

Lehman Brothers Revisited: "Capitalism has been extinguished on Wall Street, and our financial institutions now exist as public utilities. The presidents of our biggest banks are now the highest paid civil servants in the world! Since market forces are no longer allowed to allocate capital and control risk, these decisions are now made by government regulators and are then passed through to their subordinates on Wall Street. This perverse organizational structure constitutes a new form of American fascism.... In reward for its gross culpability in creating the financial crisis, the Federal Reserve has been rewarded with extensive new powers. Given the damage it was able to inflict in the past, I can only imagine the havoc that will be wrought by the new 'Super Fed.'...

     "If the current policies continue, the America we know - for which our forebears risked so much - will cease to exist. The constitution originally established by our Founding Fathers has been under attack almost since inception. Up until now, the greatest damage occurred during Roosevelt's New Deal. However, the current assault on our birthright could be a knockout blow. The last vestige of republican government now hangs in the balance." See Changing America

August 2009

The Fed's Political Problem: "Others have accused the Fed of usurping congressional authority by engaging in back-door appropriations of taxpayer funds.... Ron Paul (R-Tex.) .... has, incredibly, persuaded almost two-thirds of the House of Representatives to co-sponsor a bill that would jeopardize the Fed's independence. The bill is titled, innocently enough, the Federal Reserve Transparency Act."  See The Transformation of America

August 2009

Obama’s Spending Plans Will Nearly Double the National Debt: "...the White House conceded that the national debt will increase by $9 trillion over the next ten years, nearly doubling a national debt that now stands at $11.67 trillion." See Held Accountable

July 2009

Lawmakers Express Outrage at ‘Potential' $23.7-Trillion Liability Bank Bailout Law Could Impose on Taxpayers: "A bipartisan group of lawmakers were mystified Tuesday at how what began as the $700-billion Troubled Asset Relief Program (TARP) could potentially reach a liability of $23.7 trillion for U.S. taxpayers -- compared to the U.S. gross domestic product of $14 trillion." See Reinventing the World

Awash in a flood of dept: "How high's the water, mama? Two feet and rising.... Mr. Obama and his economic team predicted that if Congress failed to pass their 'stimulus package,' the unemployment rate... would rise above 8 percent this year.... The Department of Labor reports that unemployment topped 10 percent in 16 states last month and that Michigan surpassed 15 percent.... Three feet high and risin'...

June 2009

 [Video] Alan Grayson Is Anyone Minding the Store at the Federal Reserve? The shocking answer is apparently "No," though there is reason to believe that some do know -- and have chosen to keep it a secret.

Obama Financial Proposal Contains Sub-Prime Loan Shocker: "...hidden on page 67: 'Rigorous application of the Community Reinvestment Act should be a core function of the CFPA.' ... Along with Fannie Mae and Freddie Mac at the very epicenter of the financial meltdown last year, the CRA is one of the vehicles used to ... threaten banks into lowering their lending standards to provide home loans to those who simply cannot afford them. According to his proposal, Obama's new financial regulatory reform promotes more of the same disastrous policy." Deceit, Delusion and the Destruction of America

Cash to become extinct as chips take off: "Australian Central chief executive Peter Evers believes cash will be replaced for most transactions in five-to-seven years..... 'So you can't go and buy a bottle of water from the deli with cash; you've got to go and buy it with your chip,' he said.... Savings & Loans chief executive Greg Connor said the concept of the wallet would go....."Whereas now we have a wallet and purse, it will be a chip in your phone or your watch or something like that as your access. ...credit cards were on the way out as well." See Managing the Masses through Global Standards

Sharia Banking Conquers Europe: "All over Europe Islamic banks are establishing branches, Western banks are offering Sharia-compliant financial services, and European governments are trying to outcompete each other in welcoming them. Proponents of banking along the lines of Sharia (Islamic law) claim that the Islamic banking system is 'more ethical' than the West’s capitalist system. This is not true. Unfortunately, however, in our age of crashing financial markets, many Westerners – not just the traditional anti-capitalist European left – seem very eager to buy that argument." See Glossary of Islamic Terms

Is this the end of America? "As an aghast world — from China to Chicago and Chihuahua — watches, the circus-like U.S. political system seems to be declining into near chaos. Through it all, stock and financial markets are paralyzed. The more the policy regime does, the worse the outlook gets. ... We see the system up close, law-making that is riddled with slapdash, incompetence and gamesmanship. ....the [tax-funded] Fed will have to be prepared to absorb all the excess money it has poured into the U.S. economy. It will be a technical and political challenge unlike any central bank has ever undertaken." See Obama's Presidency

This Major World Currency Is About to Plummet: "'I had no place to stay and I wanted the police to take care of me,' said the 79-year-old Japanese woman. She had just slashed two people with a knife so the police would take her to jail. A 'gray' crime wave is sweeping Japan.... Japan has the second-lowest birth rate in the industrialized world. ....Right now, 20% of Japan's population is over 65 years old.....Here's another byproduct in the society that ages and shrinks at the same time: It'll bankrupt the Japanese government.... Japan's economy is a shambles. For years, the Japanese have relied on exports to support their economy... but exports have dried up."

China "worried" about US Treasury holdings: "China's premier expressed concern Friday about its massive holdings of Treasuries and other U.S. debt... Beijing is the biggest foreign creditor to the United States and called on Washington to see that its response to the global slowdown does not damage the value of Chinese holdings.... Washington is counting on China to continue buying Treasuries to fund its $787 billion stimulus package."

Obama Sticker Shock: "President Obama's 2010 budget looks more astounding by the day. ...the proposals would increase the federal deficit by $2.3 trillion more over 10 years than the White House had claimed." See The Joseph Principle and Crisis Economics

Fed's secrecy policy 3 years old tomorrow: "As America's economy continues in freefall, tomorrow marks an auspicious three-year anniversary – the day the Federal Reserve announced, with little fanfare, its decision to stop reporting to the public the M3 money supply, the broadest measure of three standards of measurement."

The Global Leadership Meltdown: "Vladimir Putin... finds himself locked in a struggle with his self-appointed replacement, Dmitry Medvedev, who may be getting tired of being a puppet. The financial crisis has hit Russia quite hard.... Venezuela is, if anything, in deeper trouble than Russia.... Chavez’s response is that Venezuela needs more socialism....  Socialism and communism destroyed the Soviet Union and are now destroying Venezuela. In America, Obama’s policies are taking us back to the 'misery index' days of the Carter administration. It’s time to take a fresh look at the free market, which always works when given a fair chance." See the quote below:

Quote (one of America's founding principles): "We have rights, as individuals, to give as much of our own money as we please to charity; but as members of Congress we have no right so to appropriate a dollar of public money." Davy Crockett (1786-1836) frontiersman, soldier and politician.

Germany resists US call for stimulus spending hike: "German Finance Minister Peer Steinbrueck resisted on Monday a US call on governments worldwide to pump more taxpayer money into their faltering economies. "We're not planning on any additional measures," Steinbrueck told journalists as he arrived for a meeting with his eurozone counterparts. "We should concentrate on measures that have already been decided." See Crisis Economics

Obama's Radicalism Is Killing the Dow: "...our new president's policies are designed to radically re-engineer the market-based U.S. economy, not just mitigate the recession and financial crisis.....Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society. The budget more than doubles the national debt.... And it would raise taxes to historically high levels.... And all of this before addressing the impending explosion in Social Security and Medicare costs....

        "...it calls for a down payment on universal health care, with the additional 'resources' needed 'TBD' (to be determined).... The president's proposed limitations on the value of itemized deductions for those in the top tax brackets would clobber itemized charitable contributions....

      "Expanding the scale and scope of government largess means that more and more of our best entrepreneurs... will spend their time and talent chasing handouts subject to bureaucratic diktats, not the marketplace needs and wants of consumers. ...it would cement a permanent voting majority with no stake in controlling the cost of general government."

       The next two article give us glimpses of that "radicalism":

Never waste a good crisis: "Clinton told young Europeans at the European Parliament that global economic turmoil provided a fresh opening. 'Never waste a good crisis...,' she said."

NATO may ask China for support in Afghanistan: "NATO may ask China to provide support for the war effort in Afghanistan, including possibly opening a supply link for alliance forces, a senior U.S. official said Monday. The subject is still under consideration and no decision has been reached on whether to approach Beijing.... He spoke ahead of a meeting of NATO foreign ministers on Thursday in Brussels, which will include Hillary Rodham Clinton in her first European trip as U.S. secretary of state." China seems to be increasingly vital to the global agenda. See the first link here

Rahm: Obama Will Agree to 9,000 Earmarks: "President Barack Obama is set to sign a $410 billion spending bill with some 9,000 earmarks — a practice he repeatedly criticized on the campaign trail last year." See Smiling at Socialism

 

Obama Repeats Bush's Worst Market Mistakes: "The most disastrous Bush policy that Mr. Obama is perpetuating is mark-to-market or 'fair value'accounting for banks, insurance companies and other financial institutions. The idea seems harmless: Financial institutions should adjust their balance sheets and their capital accounts when the market value of the financial assets they hold goes up or down. That works when you have very liquid securities, such as Treasurys, or the common stock of IBM or GE. But when the credit crisis hit in 2007, there was no market for subprime securities and other suspect assets. Yet regulators and auditors kept pressing banks and other financial firms to knock down the book value of this paper, even in cases where these obligations were being fully serviced in the payment of principal and interest. Thus, under mark-to-market, even non-suspect assets are being artificially knocked down in value for regulatory capital (the amount of capital required by regulators for industries like banks and life insurance). ....Banks and life insurance companies that have positive cash flows now find themselves in a death spiral. Of the more than $700 billion that financial institutions have written off, almost all of it has been book write-downs, not actual cash losses. See ARTICLE

ACORN and Obama - together again: "Fresh [from the stimulus] bill signing in Denver, President Obama immediately launched into his next New Raw Deal expansion: a massive mortgage entitlement program forcing lenders to refinance at an initial cost of $50 billion to $100 billion. That's in addition to the bipartisan-supported $50 billion in the 'stimulus' bill to bail out homeowners....

     "In tandem with the White House Bad Borrowers Bailout, Obama's old friends at the Association of Community Organizations for Reform Now (ACORN) are launching a new campaign.... They are the shock troops on the streets.... Trumpets ACORN: 'On Feb. 19, ACORN members will launch a new tactic in fighting foreclosures: civil disobedience. Participants in the ACORN Home Savers campaign nationwide will simply refuse to move out of foreclosed homes....

     "ACORN's foot soldiers, funded with your tax dollars, will scream, pound their fists, chain themselves to buildings, padlock the doors and engage in illegal behavior until they get what they want. It's a recipe for anarchy...." See Saul Alinsky's Rules for Radicals

Wise Economics. Thomas Jefferson: “It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world."

The Peron Pattern: "The stimulus plan has something for every important Democratic special interest group - labor, the teachers unions, big-city bosses.... More citizens will be dependent upon government largesse....

      "Liberalism fuses statism with class-based populism.... It is obsessed with using activist government in the service of social engineering.... The disastrous path on which America is currently embarked was tried in another country - in the Western Hemisphere: Juan Peron's Argentina. During the 1940s until a 1955 coup ousted him from power, Peron presided over a fascist state..... Socialism and a sky-rocketing national debt can permanently impoverish even the wealthiest nations. America is not immune from the laws of economics." See next link:

Just How Much Is $1 Trillion Dollars? "'...this plan will cost taxpayers the equivalent of a million dollars a day for the next 3,000 years to fund a long wish list of items that won’t create jobs.' ... 'If you stacked a pile of $1 dollar bills a trillion high beginning from the dawn of civilization, which is about 6000 years, and spent $1 per second till now, you would still have almost 80% left!'... 'A total cost of $1.1 trillion for the bill ($792 billion for the legislation plus at least $300 billion in debt service to pay for it) amounts to a per-family cost of at least $9,418 in new spending/debt."

Huckabee: Stimulus is 'anti-religious': "The former Republican presidential candidate pointed to a provision in both the House and Senate versions banning higher education funds in the bill from being used on a 'school or department of divinity.' 'You would think the ACLU drafted this bill,' Huckabee said. 'For all of the talk about bipartisanship, this Congress is blatantly liberal.'”  See Obama's Faith-Based Partnerships BAN TRUTH & Freedom 

Nationalization by autumn, bank on it: [Reuter] "The plan to rescue the banks... as enunciated by Treasury Secretary Geithner, is no plan, only an apparent set of contradictory principles: an ideological one not to nationalize and a political one not to subsidize too obviously."

 

Was this economic crisis planned? "Barack Obama's ... chief of staff, Rahm Emanuel, told business leaders assembled by the Wall Street Journal in November that the economic crisis facing the country is 'an opportunity to do things you could not do before.' That has to be one of the most chilling statements I have ever heard uttered by an American political official....He followed up... with this: 'You never want a serious crisis to go to waste.'

     "...in 1928, Edward Bernays wrote in his work, 'Propaganda,' the following: 'The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government, which is the true ruling power in our country. We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of.' ....Could we have been manipulated into this financial crisis for economic gain and political power for the few?...

     "By the end of last month, Paulson and Fed Chairman Ben Bernanke had engineered loans, pledges and guarantees of more than $7.4 trillion to the financial elite that was responsible for creating the economic crisis in which we find ourselves today:

March 11: $200 billion in loans to financial institutions

March 16: $29 billion in loans to J.P. Morgan Chase

July 30: $300 billion housing bill

Sept. 7: $200 billion for the U.S. Treasury to assume Fannie Mae and Freddie Mac's debt

Sept. 16: $85 billion to AIG and $70 billion injected into the financial system

Sept. 19: $50 billion pledged to support Money Market funds

Sept. 29: $150 billion ... to U.S. banks and $330 billion... to foreign banks

Oct. 3: $700 billion in Paulson's bailout package

Oct. 7: $1.3 trillion in purchase debt from companies

Oct. 8: $38 billion in additional loans to AIG

Oct. 14: $1.4 trillion in FDIC guarantees of interbank loans

Nov. 24: $20 billion loaned to Citigroup with the Treasury Department assuming responsibility...

Nov. 25: $600 billion in loans for mortgage-backed assets and $200 billion in loans..." See Saul Alinsky's Rules for Radicals

Obama warned over ‘welfare spendathon’: "In Wisconsin, the state that forged a pioneering path in welfare reforms in the 1990s, residents were astonished by a newspaper investigation that disclosed that a $340m program offering taxpayer-financed child care to low-income working parents was riddled with fraud and expensive loopholes. In one case, a family of four sisters who had 17 children between them put all of them together... and over the past three years claimed $540,000 in perfectly legal state childcare subsidies. Examples like that fuel American suspicion that so-called 'big government' invariably turns out to be inefficient, expensive and easily exploitable. And there has been no bigger government action in the US than the stimulus package presented by Obama."

January 2009

Economic Stimulus Bill Mandates Electronic Health Records for Every Citizen without Opt-out or Patient Consent Provisions: "...the economic stimulus bill mandates electronic health records for every citizen without providing for opt-out or patient consent provisions. 'Without those protections, Americans' electronic health records could be shared -- without their consent -- with over 600,000 covered entities through the forthcoming nationally linked electronic health-records network.'. ...The federal medical privacy rule promulgated under the Health Insurance Portability and Accountability Act of 1996... already permits the disclosure of personal health information without patient consent." See An International Information System

December 2008

With economy in shambles, Congress gets a raise: "Instead, they will get a $4,700 pay increase..."

Madoff and the Failure of the SEC: "Either people will be disillusioned with the SEC and realize that the only function that it seems to be able to do well is to stand in the way of the free market's self-policing mechanism, or they will come to the erroneous conclusion that there is too little regulation and that the SEC needs more power to protect investors." See Reinventing the World

Government Sets Us Up for the Next Bust: "Policy makers have thrown caution to the wind. Twelve-digit dollar figures are tossed about casually. ...after Treasury Secretary Henry Paulson changed course -- yet again -- and announced that the Federal Reserve would commit $800 billion more in 'new loans and debt purchases' ... The total federal commitment to date is over $7 trillion. The Fed ... 'is directly subsidizing lower mortgage rates ... doing so by printing unprecedented amounts of money, which would eventually create inflationary pressures if it were to continue unabated." This crisis may become big enough to implement  The UN Plan For Human Settlements

November 2008

Bush Hands Over Reins of U.S. Economy to EU: "The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy. ...the United States has unilaterally abdicated all the gains for the concept of free markets... and surrendered, in total, to the Western European model of socialism, stagnation, and excessive government regulation. Sovereignty is out the window.... Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary.... The European Union achieved this massive subrogation of American sovereignty the way it usually does, by negotiation, gradual bureaucratic encroachment, and without asking the voters..." See The emerging New World Order

Summit: Leaders agree to plan that will begin to reshape world financial institutions: "World leaders holding an emergency meeting to combat the economic crisis agreed Saturday to a far-reaching action plan that, over the next 4 1/2 months, would begin to reshape international financial institutions and reform worldwide regulatory and accounting rules.... British Prime Minister Gordon Brown has dubbed the wrenching process 'the birth pangs of this new global order.' ...countries such as China, Brazil and India would gain greater roles and responsibilities as part of a restructuring of the international financial system.....

      "I’m a free-market person, until you’re told that if you don’t take decisive measures then it’s conceivable that our country could go into a depression greater than the Great Depression,' President George W. Bush told reporters.... Obama stayed away from the summit.... "

     Does this mean that 'free-market' economics is out? Will Obama's absence save him from blame for the socialist economy ahead? See The U.N. Plan for Your Community

Obama and EU to reinvent global politics: "The Obama administration will play a big role in 'reinventing' the international system, especially on the financial side, in strong partnership with the EU.... Mr Rothkopf was talking from Washington during a video-conference organized by the Brussels branch of the Carnegie Endowment for International Peace, an international think-tank associated with the US State Department.... Mr Rothkopf emphasised the need for a global financial regulator.... He spoke of a 'regulatory renaissance' and of of 'fusion capitalism', by which he means seeing European and Asian visions of capitalism and how markets are to be regulated take greater prominance on the international stage." See The U.N. Plan for Your Community

[UK's] Brown Seeks `Global Consensus' on Tax: "We must use the power of multilateralism to establish a global consensus on a new, decisive and systemic approach to strengthening the global economy.'' See The emerging New World Order

Critics Protest Promotion of ‘Seditious’ Islamic Finance: "Charging that principles of Islamic law are being introduced in the United States by stealth, critics on Thursday will protest outside a U.S. Treasury Department seminar on shari’a-complaint finance. Although this is not the department’s first “Islamic Finance 101” seminar, it comes amid a new push by Muslim figures in recent weeks to promote Islamic finance as a response to the debt-fueled global financial crisis.

    "Controversial Sunni scholar Sheikh Yusuf al-Qaradawi... told a conference in Qatar last month that Muslims should take the opportunity provided by the crisis to replace capitalism with an Islamic financial system. .... 'The collapse of the capitalist system... shows us that it is undergoing a crisis and that our integrated Islamic philosophy... can replace the Western capitalism,' he said.

     "Saleh Kamel, head of the General Council of Islamic Banks, said Islam could be a 'third way,' given what he called the failures of communism and capitalism. ...

     "Islamic financial products are those that comply with shari’a, the Islamic legal code associated with notorious punishments including the death penalty for apostasy, and stoning and amputations for other offenses.” See Spreading Islam through Public Schools

October 2008

Economic System. European leaders press for new economic order: "World leaders joined by aides to the new U.S. president-elect would gather before the year's end in New York and attempt to forge a new vision for the global economy. ... But experts wonder whether leaders at the proposed summit will truly be able to set aside national interests and clashing legal and business cultures to agree on a common vision. In exchange for global financial stability, nations could be forced to sacrifice autonomy and economic growth under tighter regulatory shackles.... Sarkozy...the conservative — who has in recent weeks sounded increasingly like a leftist — wants discussion on tax havens, hedge and sovereign wealth funds..." See The Revolutionary Roots of the UN

 

The Joseph Principle and Crisis Economics: "Watching the markets... two interlocking phrases immediately come to mind: Ordo ab Chaos, and Crisis Equals Opportunity.

     "Ordo ab Chao is a Latin phrase and the motto of the Thirty-Third Degree of Freemasonry. It means, 'Order out of Chaos.' This expression portrays a simple message. Out of the chaos of extreme crisis comes a time when everything is re-made.... But you must understand; just because order has been established, it doesn’t mean that the world is the same as it was before the catastrophe. It won’t be; it can’t be....

     "During the mid-1970s a 'new international economic order' was proposed....The objective of this movement... was to change the capitalist/Western-oriented world financial system into a more socialist-styled model. The Club of Rome, an elite group of eminent leaders, also supported this effort. In 1976 it fleshed out what this 'new international economic order' would look like." See The emerging New World Order

Berlusconi Says Leaders May Close World's Markets: "Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they 'rewrite the rules of international finance.' ... A solution to the financial crisis 'can't just be for one country, or even just for Europe, but global.'' See The Revolutionary Roots of the UN and the radical minds behind the New World Order

The credit crunch deepened in Europe: "The credit crunch deepened in Europe as government leaders pledged to bail out troubled banks and protect depositors.... French President Nicolas Sarkozy... called for a global summit 'as soon as possible' to implement 'a real and complete reform of the international financial system.' He said 'all actors' must be supervised.... We want a new world to come out of this.''' See The Revolutionary Roots of the UN

Global authority can fill financial vacuum: "Hank Paulson, Treasury secretary, has said that foreign banks operating in the US will be eligible for federal assistance and he is urging other nations to fashion their own bail-out programmes....

     "The US’s dependence on massive inflows of foreign capital, roughly $3bn...) a day, will surely increase now as Uncle Sam acquires $1,000bn in new obligations from current bail-outs. For years to come, Wall Street and Washington will be unable to manage without strong co-operation from other markets. ...

    "Globalisation will now also create a clash of philosophies. Most governments and investors outside the US never shared the American system of cowboy capitalism. Now they have good reason to demand that some fundamental changes be made in the way the US manages its financial institutions....

   "[A Global Monetary Authority] would act as 'bankruptcy court' for financial reorganisations of global companies above a certain size. The biggest global financial companies would have to register with the GMA and be subject to its monitoring, or be blacklisted...." See The emerging New World Order

September 2008

Economics Undone: “'Look around in any direction of our economic and social lives and try to find even one corner of our existence free from some form of direct or indirect government intrusion into our personal and interpersonal affairs.... Over time, interventionism blurs the distinction between what is moral and what is not.'...

     "Sir Josiah Stamp understood this. As the former president of one of the world’s most powerful central banks – the Bank of England... Mr. Stamp knew the banking world intimately. [He said,] 'The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again." See Human Nature

$920 Billion more to bail out the world: "...sponsored by Senator Barack Obama. One is the Jubilee Act, which would cancel as much as $75 billion worth of Third World debt, and the Global Poverty Act, which would cost an estimated $845 billion." [Both bills have passed the House]

March 2008

You will come to love big brother: "Most people see George Orwell’s 1984 (published 1949) as fiction, but Orwell had been a Fabian Socialist and was actually warning people about a planned future dictatorship.... When Big Brother’s agent O’Brien is torturing Winston, who eventually reluctantly submits, O’Brien tortures him again and Winston is bewildered because he has already submitted. However, O’Brien explains that the goal is to have people submit not out of fear, but because they have actually come to love Big Brother and his rule over them.

      "Another work most view as fiction is Aldous Huxley’s Brave New World (1932). However, it too was about a real future we will face. On March 20, 1962, Huxley at U.C.-Berkeley revealed there will be 'scientific dictatorships of the future.' He stated: “If you can get people to assent to the state of affairs in which they are living, the state of servitude,… it seems to me that the nature of the ultimate revolution with which we are now faced is precisely this—that we are in process of developing a whole series of techniques which will enable the controlling oligarchy, who have always existed and presumably always will exist, to get people actually to love their servitude. People can be made to enjoy a state of affairs which, by any decent standard, they ought not to enjoy. And these methods, I think, are a real refinement on the older methods of terror, because they combine methods of terror with methods of acceptance."  See The Revolutionary Roots of the UN and Animal Farm by George Orwell

January 2008

One World, One Money: "This provocative discussion, enjoyed over a steaming bowl of soup, took place at the annual meeting of a multi-million dollar Christian-based relief organization. And the person I was dining with wasn’t just an interested attendee; he was a board member representing a significant regional arm of this organization.... Thus, I found his supportive statement for a world currency even more disturbing; here was an individual involved in economic decisions that impacted projects around the globe, yet he didn’t understand what he was asking for....

      "Robert Mundell, 'the father of the euro,' and one of the world’s most respected economists, also views crisis as the starting point for change.... Mundell understood this political problem when giving a lecture in 2003 titled, 'The International Monetary System and the Case for a World Currency.' His response was frank: 'a global single currency could not be achieved without a global government.'" See Signs of the times

The Outrageous WTO: "The WTO just ruled that the Caribbean nation of Antigua and Barbuda can freely violate American copyrights and trademarks in order to punish the United States for our laws prohibiting internet gambling. Congress passed the Unlawful Internet Gambling Enforcement Act in 2006 after finding that 'internet gambling is a growing cause of debt collection problems for insured depository institutions and the consumer credit industry.' ... The WTO ordered this punishment because it says U.S. laws interfere with free trade in 'recreational services.' The foreign tribunal ranks free trade as more important than the intellectual property rights Americans have enjoyed since our Constitution was written." See Moral, Spiritual & Cultural Corruption

November 2007

Useful capital is not limited to the financial type: "The expanded use of the concept of capital has spawned terms such as financial, intellectual, social, natural, political and spiritual capital. ...the common thread among them is that they enable the production of other assets. In scientific terms this can be viewed as expansive energy, which takes on different forms, but always with the effect of generating more energy. ... This political capital can be expressed as the ability to win votes, and ... to effectively lobby the government to shape policies....

     "There is also intellectual capital, which is manifest in logical or mathematical intelligence and linguistic or creative ability.... There is also social capital associated with interpersonal intelligence, which is the ability to understand and interact with other people." See UN Conference on Human Settlements

May 2007

Bush OKs 'integration' with European Union [Jerome Corsi, 5-8]: "President Bush signed an agreement creating a 'permanent body' that commits the U.S. to 'deeper transatlantic economic integration,' without ratification by the Senate as a treaty or passage by Congress as a law." See next link:

 

Framework for Advancing Transatlantic Economic Integration Between the United States of America and the European Union [President Bush]: "We, leaders of the United States of America and the European Union (EU): Believing that deeper transatlantic economic integration and growth will benefit our citizens and the competitiveness of our economies.... Recognizing that the transatlantic economy remains at the forefront of globalization, and that the United States and the European Union are each other's most important economic partners.... The Transatlantic Economic Council is hereby established....

     "Annex 7....Acknowledging the importance of research and innovation to promoting competitiveness and improving qualify of life, we resolve to: ...D. Work together on interoperability of electronic health record systems; E. Exchange best practices on all dimensions related to RFID [personal surveillance?]... G. Exchange knowledge and experience on the use of information and communication technologies to improve traffic safety; H. Launch our Standards Dialogue as an overarching framework to discuss specific standards-related issues; and See The Emerging New World Order

March 2007

Transfer of Wealth: "Unjust forms of transferring wealth occur by means of the thug on the street or the bureaucrat who takes one’s property. Examples of the latter would even include zoning regulations intended to keep property from being developed by the owner for his profit.   ...a bureaucrat may arbitrarily decide that a developer will use the land more efficiently (and produce more taxes) than some widow in her old house, and thus, she’ll find that her property is stolen under the banner of 'eminent domain.' The Fourth Amendment was designed to protect us against unreasonable seizures. Of course, in our day, the devil is in the detail of 'reasonableness.' Who decides what is reasonable?" See Local Agenda 21 - The U.N. Plan for Your Community

 

Biden Introduces Legislation Allowing for Full Payment of U.S. Dues to UN Peacekeeping Operations: "Senator Joseph R. Biden, Jr. (D-DE), Chairman of the Senate Foreign Relations Committee, introduced legislation today that would allow the United States to fully pay its dues to UN Peacekeeping missions, and ensure that we do not accrue additional debt in the coming years....

     "The debt comes through a 1994 law that limited U.S. payments for UN peacekeeping at 25 percent after Fiscal Year 1995, though the actual rate assessed to the U.S. by the UN has been higher.... Through UN peacekeeping, the U.S. contributes to international peace and stability....“

      But UN peacekeeping has been fraught with corruption. See the next link:

February 2007

UN Corruption, Sustainable Development & China. Chairman Mo [Maurice Strong] never left the UN: "...critiquing the U.S. from the comfort of Beijing ever since his links to the UN oil-for-food scandal became public knowledge, Maurice Strong will resurface Feb. 20 in Nancy Pelosi's San Francisco.... The main architect of the Kyoto Protocol, unlikely New Ager Maurice Strong is former secretary-general, United Nations Conference on Environment and Development.

     "Amid much media fanfare in April of 2005, Strong... voluntarily stepped down after being linked... to the Oil-for-Food scandal.... In August of 2006, just four months after voluntarily leaving the UN, Strong flew 10 officials of the Kim Jong Il regime in North Korea to the University of Lund in Sweden...." See The U.N. Plan for Your Community

January 2007

The devil's seven-pronged fork: "Prong One: Semantic Deception... calls for lying through the deceitful use of words.... Prong Two is the constant use of German philosopher Georg Wilhelm Hegel’s Dialectic...

      "Prong Three is the use of Gradualism.... Prong Four is Control of the Media. David Rockefeller, in Baden-Baden, Germany, 1991, thanked the major media for keeping secret the elitists’ plan for the world." See The emerging New World Order

---

Return to Today's News

Previous links on this topic at Global 1, Global 2, Global 3 (2002), Global 4 (2003) & Global 5 (2004-2005)  Global 6 (2006) 

---

Home    Charts