The much-ballyhooed G20 London lollapalooza is over, and things are going to change, according to world leaders. “A new world order is emerging, and with it we are entering into a new era of international cooperation,” British Prime Minister Gordon Brown said after the meeting. Brown has for months been pushing vocally for major new institutions for global government and for stronger powers for existing global authorities like the International Monetary Fund (IMF). And at this G20 summit, Brown and his fellow internationalists got what they wanted.

The IMF, that hoary relic of the old Bretton Woods accord back in 1944, has never fully lived up to its global potential. Leaders at Bretton Woods like John Maynard Keynes and Harry Dexter White envisioned the IMF as a sort of global central bank, complete with the authority to issue its own global fiat currency. What they got was an institution primarily tasked with keeping small, smelly Third World autocrats afloat. The IMF reckons its reserves in something called SDRs (Special Drawing Rights), units made up of a basket of participating currencies. But its reserves were never significant enough to allow it to be a player where the world’s largest economies, including the United States, were concerned.

All that changed on April 2. The G20 conferees pledged the colossal sum of $1.1 trillion dollars, including $250 billion to be consecrated to new SDRs, to the IMF and other affiliated international financial organs. This represents an unprecedented inflow of wealth to the UN-centered international system, and will go a long way towards helping the globalist claque to make good on their promises of a new world order.

As a McClatchy report put it, “the summit marks the end of an era of unbridled global capitalism and a turn toward stronger government oversight of economics, coordinated globally. Leaders of the Group of 20 effectively closed the door on an era of history and opened the door to a new one.” Translation: free market capitalism is out, and world socialism is in.

This is precisely what those of us who are opposed to socialist world government are afraid of.

Photo: AP Images

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capo said:

Empowering the IMF = Empowering the UN And for those who wish to confirm that the IMF is part of the UN system: http://www.unsystem.org/ Between this move on the IMF and the pending LOST treaty in the US Senate, we are looking at the biggest advance towards world government under the UN, since the founding of the UN itself.

April 03, 2009 | url

Flu-Bird said:

The work of big brother All this is the plans of big brother to phase out the dollar in america and replace it with the AMERO just like over in europe with the euro a sinister plans to ceate the NEW WORLD ORDER under the sinister UN

April 03, 2009

Thomas Paine said:

Flu bird is cool Right on Bird Man.

April 03, 2009

Currency manipulation by U.S. politicians said:

... This is really a political bail out for Brown and Obama. It takes a bit of heat off of them, for a moment, but it does nothing to address the real problem which is the biggest banks are insolvent. You can transfer all the debt off of the banks balance sheets, but all you are doing is paying off old debts. So this is just more revolving credit to keep the bankers and their government protectors at bat. However, those batters remain blinded by false economic theories, they are utterly incapable of fixing the economy and everything that comes our way will be fly balls disguised as bunts. Eventually, the US and UK spectators will call the hustlers out because government intervention in the global market is DOA. Globally, other countries will realize that the global economy gave a hint of real economic promise but that dubious government regulation destroyed it. Following free market principles, and that means no to little government regulation, produces global economic growth. Relying on government regulation, which is always dubious because the government refuses to govern itself, is idiotic. Government regulation caused the derivatives meltdown because government economists, who were given Nobel prizes for their efforts, introduced the government approved and esteemed theories on the high risk derivatives trading which bankrupted the banks. Government regulation brought the US economy down when Greenspan intervened in the market by keeping interest rates too low. A gold backed currency provides the most discipline available to taxpayers. Politicians hate that discipline because they can't make political deals, or have gigantic wars, or make incredible promises to the voters and their cronies without causing inflation and devaluing a nation's currency. Now nations themselves are in the same role as taxpayers, and the smart ones are going to gold.

April 03, 2009

Pathenry said:

Opt out This is the time, like never before, to opt out of using Federal Reserve Notes. Though all your suppliers, customers, and community retailers may not agree YET, you can begin to trade in barter and alternative currencies with those who can see it saves you from the coming hyper-inflation. I say yet, because it is becoming obvious that our central planners intend to replace the currency in just a few years anyway (if they can't get away with it even sooner). No great loss! The deceptively named "dollar" has lost 95% of its value since your grandfather's lifetime anyway - effectively stealing that percentage of his savings and your inheritance. For a handy calculator with which to do business in nominal FRN prices, adjusted to daily spot rates, see http://www.silverandgoldaremoney.com/

April 06, 2009