Two critically important (and crucially intertwined) events that concern our national security — and our survival — occurred during the week of July 5-11, but you almost certainly didn’t hear a peep or read a word about either one of them. Apparently, our political and media elites think it’s not important for us to know about such things.
A growing global alliance against the quickly depreciating dollar clearly emerged from the G-8 summit last weekend. Obama administration officials are clearly in damage-control mode, despite official appearances that nothing negative came out of the meeting.
In a sign that globalists are running out of patience with the protracted negotiations known as the Doha Development Round of the World Trade Organization, leading economic powers (the G-8 plus China, India, Brazil, Mexico, and South Africa) pledged this week in a communiqué to reach an accord by 2010.
The G-8 — the Group of Eight leading industrial nations (plus five other add-ons: China, India, Brazil, Mexico, and South Africa), meeting in the earthquake-ravaged Italian city of L’Aquila this week — have seldom looked more magisterial.
President Obama brought two things on his trip to Russia this week: thousands of outsourced American jobs and a proposal for more nuclear disarmament.
European government leaders ended a two-day summit in Brussels on June 19, after agreeing to create a continent-wide financial regulatory body. EU leaders also agreed to back European Commission President Jose Manuel Barroso's bid for another term in office.
“European Union regulators may get the power to overrule national banking authorities under plans to tighten banking supervision that are aimed at avoiding a repeat of mistakes that led to the credit crisis,” the New York Times noted on May 27 in “European Union Looks to Tighten Banking Supervision.” The proposals “call for new European supervisors to have the right to step in and settle disputes if national regulators cannot agree on the oversight of multinational financial institutions.”