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

EU backs plan to build nuclear fuel bank by 2010: "[It] would ensure supplies and cut the need for nations to enrich uranium, EU foreign policy chief Javier Solana said Monday. ... EU has decided to support the fuel bank, to be run by the UN nuclear watchdog the International Atomic Energy Agency, with a contribution of up to 25 million euros (32 million dollars)." See The 'New European Soviet'

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

UN General Assembly adopts six resolutions on Middle East: "...the General Assembly today adopted by recorded vote six resolutions meant to promote the Palestinian people's rights and limit Israel's actions in Jerusalem and the Syrian Golan. ... A fourth affirmed the illegality of Israeli actions to change the status of Jerusalem. ...

    "...the Assembly adopted by a recorded vote of 107 in favour to 8 against (Australia, Canada, Israel, Marshall Islands, Micronesia, Nauru, Palau, United States), with 57 in abstentions, its draft resolution on the 'Committee on the Exercise of the Inalienable Rights of the Palestinian People'.... With that text, the Assembly requested the Committee to keep promoting the Palestinians’ realization of their inalienable rights, including their right to self-determination...." See Jerusalem and Spreading Islam

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

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[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

Yet another controversial Obama appointment: "Sonal Shah has been part of group believed to have been involved in massacre of Muslims in Gujarat and carrying out sustained campaign against Indian Christians in Orissa .... Vishwa Hari Parishad (VHP) and its student wing Bajrang Dal are believed to have been involved in the massacre of over 2,000 Muslims in Gujarat.... Sonal Shah has been the national coordinator for VHP-America .... The VHP’s head, Ashok Singhal, believes that his organisation should ‘inculcate a fear psychosis among (India’s) Muslim community.’”

        They certainly have instilled fear! See Persecution

Gorbachev calls on Obama to carry out 'perestroika': "... to overcome the financial crisis and restore balance in the world." Gorbachev's Plan For A United World

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

(Old but relevant) Gorbachev's Plan For A United World: "The precondition for... genuine globalization is progressive regionalization, because thereby we move toward larger, more stable, more cooperative units.” Keynote speaker Zbigniew Brzezinski, former head of the Trilateral Commission [a foreign policy adviser to Obama]

EU legislators invite Hamas lawmakers to Brussels: "European delegation visits Gaza, extends formal invitation to all elected Palestinian lawmakers, including those part of recognized terror organization.... 'We don't care who they are as long as they are members of the Legislative Council.'" See The emerging New World Order

October 2008

On the revision of the European Security Strategy: "(vi)... Welcoming the decision by the European Council to launch a re-examination of the European Security Strategy and encouraging EU High Representative and WEU Secretary-General Javier Solana to lead the way in providing the Union with a foreign, security and defence policy vision to meet the challenges of the 21st century... (viii) Taking the view that the process of reassessing the European Security Strategy is just the beginning of a more extensive strategic overhaul...." See The "New European Soviet"

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]

UN chief calls for 'global leadership': "'I see a danger of nations looking more inward, rather than toward a shared future,' [Ban Ki-moon] said at the opening of the UN General Assembly's annual debate.... 'Nations can no longer protect their interests, or advance the well-being of their people, without the partnership of the rest."

      [Even when the UN Human Rights Commission and UN affiliated religious groups ignore the evils of Zimbabwee, China and Islamic rulers -- and ban Biblical Truth? Perhaps US needs to protect itself rather than compromise with a world that despises our values] See The emerging New World Order

Chinese Melamine Contamination Triggers U.S. Recall of Instant Coffee and Tea Products: "The FDA said today that seven instant coffee and tea products sold in the United States are being recalled by King Car Food Industrial because of possible contamination with melamine.... Melamine contamination of milk products, especially infant formula, has resulted in a major public health problem in China..." See Depravity

August 2008

Brave Old World: "Russia invades Georgia. China jails dissidents. China and India pollute at levels previously unimaginable. Gulf monarchies make trillions from jacked-up oil prices. Islamic terrorists keep car bombing. Meanwhile, Europe offers moral lectures, while Japan and South Korea shrug and watch -- all in a globalized world that tunes into the Olympics each night from Beijing.

      '"Citizens of the world' were supposed to share, in relative harmony, our new 'Planet Earth,' which was to have followed from an interconnected system of free trade, instantaneous electronic communications, civilized diplomacy and shared consumer capitalism. But was that ever quite true?...

      "Brace yourself -- we may be on our way back to an old world, where the strong do as they will, and the weak suffer as they must." We may not agree with all the views in this article, but much of it makes sense. See The emerging New World Order

University reshuffles 'North American Union architect': "Robert Pastor – the American University professor whose writings have championed the creation of a North American Community – has resigned his position in the school's Office of International Affairs.... Pastor... is working with The Elders, the conflict-resolution group of world figures, including Nelson Mandela and Jimmy Carter."

June 2008

 Islamic Bloc passes up criticism of Sudan, again: "The world's Islamic nations have ended a conference without condemning the Sudanese government's actions in Darfur despite growing calls from Arab human rights groups for the Islamic bloc to 'end its silence' over a conflict affecting millions of Muslims. The Organization of the Islamic Conference (OIC) ended a two-day meeting... on Friday with a host of resolutions ranging from reinforcing the Islamic boycott of Israel to criticizing U.S. sanctions against Syria." See Genocide

Islamic Nations Eye UN Security Council Seats: "Any proposal to reform and enlarge the U.N. Security Council 'which neglects the adequate representation of the Islamic Ummah [community] in any category of membership ... will not be acceptable to the Islamic World,' they said." See The Revolutionary Roots of the UN

Islamic Nations Want Divisive Issues on the Agenda at UN Racism Conference: "Despite the controversy surrounding a United Nations conference on racism being planned for next year, Islamic governments are reaffirming their intention to press for the inclusion of such divisive issues as 'foreign occupation' [Israel?] and criticism of Islam.... Plans for the conference have been dogged by concerns that it may produce a re-run of the last major U.N. conference on racism in Durban, South Africa in 200. The Durban conference was characterized by anti-Israel rhetoric, prompting the U.S. and Israeli delegations to withdraw in protest." See The U.N. Plan for Your Community