The ‘global governance’ idea raises its ugly head.
US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is “quite open” to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.
“The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation,” he said.
Geithner later qualified his remarks, insisting that the dollar would remain the “world’s dominant reserve currency … for a long period of time” but the seeds of doubt have been sown.
The markets appear baffled by the confused statements emanating from Washington. Barack Obama told a new conference hours earlier that there was no threat to the reserve status of the dollar.
“I don’t believe that there is a need for a global currency. The reason the dollar is strong right now is because investors consider the United States the strongest economy in the world with the most stable political system in the world,” he said.
The Chinese proposal, outlined this week by central bank governor Zhou Xiaochuan, calls for a “super-sovereign reserve currency” under IMF management, turning the Fund into a sort of world central bank.
The idea is that the IMF should activate its dormant powers to issue Special Drawing Rights. These SDRs would expand their role over time, becoming a “widely-accepted means of payments”.
More here: http://www.telegraph.co.uk/finance/economics/5050407/US-backing-for-world-currency-stuns-markets.html
Yeah, the Euro worked out real well, didn’t it Tim? Fuckin’ moron.
I mentioned this before:
Forming an entity like the European Union held together with one currency, was a very bad idea to begin with. Aside from the political and fiscal management differences, it created an interdependence with very few shouldering the responsibility should the system collapse. The United States is on the hook to the IMF for 17%. Which means the American taxpayer foots the bill—17 cents on the dollar—for any amount of money the IMF doles out. Obama and his motley crew of Marxist morons are in the process of destroying our infrastructure. We won’t be able to save ourselves, let alone Europe. America is currently saddled with a socialist who wants to ‘fundamentally transform’ our Democratic Republic into a Euro clone.
This one world/global government agenda has been around awhile.
Take a look at some of the slimy characters behind this “one world order” shit:
Maurice Strong is a guy who is U.N.-central and surprisingly involved in almost everything. This is what he said in 1990 in an interview. He said: “What if a small group of these world leaders were to conclude that the principal risk to the Earth comes from the actions of rich countries in order to save the planet, this group decided, `Isn’t the only hope for the planet that the industrialized civilizations collapse? Isn’t it our responsibility to bring that about?'”
Andy Stern (former SEIU president):
We created global trade, we created global finance, we created global companies but we forgot to create a global government, or global organization or global regulators that McCarthy is talking about now. Now, I happened to be at Davos and I say they’re going to rename this year’s Davos as revenge of the country over the companies because, all of a sudden, we realize we let global capitalism run amok and we need global regulation. And today, we began the process in London of actually putting in place those regulations.
Van Jones, former Green Jobs Czar:
Inside that minimum demands was a very radical kernel that eventually meant that from 1954, 1968, you know, complete revolution was on the table for this country. And I think that this green movement has to pursue those same steps and stages. Right now, we’re saying we want to move from suicidal gray capitalism to some kind of eco-capitalism where, you know, at least we’re not, you know, fast-tracking the destruction of the whole planet. Will it be enough? No, it won’t be. We want to go beyond the system of exploitation and oppression altogether, but that’s a process.
More on Maurice Strong: http://www.foxnews.com/story/0,2933,250789,00.html
Cloward and Piven:
Via the American Thinker:
The Cloward/Piven Strategy is named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven. Their goal is to overthrow capitalism by overwhelming the government bureaucracy with entitlement demands. The created crisis provides the impetus to bring about radical political change.
According to Discover the Networks.org:
Rather than placating the poor with government hand-outs, wrote Cloward and Piven, activists should work to sabotage and destroy the welfare system; the collapse of the welfare state would ignite a political and financial crisis that would rock the nation.
Making an already weak economy even worse is the intent of the Cloward/Piven Strategy. It is imperative that we view the American Recovery and Reinvestment Plan’s spending on items like food stamps, jobless benefits, and health care through this end goal. This strategy explains why the Democrat plan to “stimulate” the economy involves massive deficit spending projects. It includes billions for ACORN and its subgroups such as SHOP, and the S-Chip Program through deficit spending in a supposed effort to “save the children” only makes a faltering economy worse.
If Congress were to allow a robust economy, parents would be able to provide for their children themselves by earning and keeping more of their own money. Democrats, quick to not waste a crisis, would consider that a lost opportunity.
The Cloward-Pivan strategy in a nutshell: Forcing political change through an orchestrated crisis.
More on Cloward and Piven:
The role of “Cap and Trade”
More from the mouths of “one world government” bots:
Gustav Speth, who served on Bill Clinton’s transition team before being appointed to head the U.N. Development program told a 1997 global conference:
“Global governance is here, here to stay, and, driven by economic and environmental globalization, global governance will inevitably expand.”
Strobe Talbott, Bill Clinton’s deputy secretary of state, said in Time magazine:
“… within the next hundred years … nationhood as we know it will be obsolete; all states will recognize a single, global authority.”
Both Speth and Talbott are members of the Council on Foreign Relations.
The aim of the “global governance” cabal boils down to the aquisition of power. Period. Target the eeeeeeevil rich, capitalist countries. “Redistribution (Read: confiscation) of wealth. The creation of interdependence. “Saving the earth” as a pretext for control.
After researching and reading all about the goals and philosophy of these Marxist megalomaniacs, it’s plain to see just who they think will be in charge of the “global governance”.