Global Economy (2007-2008)

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

"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.

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

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