New Monetary System, New World Order is Here!

Lost in all the Obama furor, the world's leading economic powers — the so-called G-20 nations — are quietly laying plans for a November 15th summit in Washington, D.C., that may effect a revolution in world finance and global governance, a revolution with potentially much greater long-term impact on America than anything on President-elect Obama's agenda.

According to an AP report, "EU leaders are set to call on the Nov. 15 summit to agree immediately on five principles: submit ratings agencies to more surveillance; align accounting standards; close loopholes; set banking codes of conduct to reduce excessive risk-taking; and ask the International Monetary Fund to suggest ways of calming the turmoil."

Even discounting the deliberate vagueness of the phrase "closing loopholes," such an agenda obviously contemplates a significant increase in the level of international regulation, presumably to be implemented and enforced by an international regulatory body or bodies. The International Monetary Fund (IMF), created at the Bretton Woods economic summit near the end of World War II, is being touted as the obvious candidate for a global financial regulatory organization. Historically, the IMF's mandate has been far more limited than many of its creators, including British economist John Maynard Keynes (one of the organizers of the Bretton Woods conference), originally envisioned. Keynes and the rest of the British and American delegations to Bretton Woods wanted the agreement to create a global reserve currency (which Keynes wanted to call the bancor), but ended up establishing the dollar as the world's fallback currency instead. They also created the SDR (Special Drawing Right), a quasi-currency in which all acounts at the IMF were and are reckoned.

Now, it appears, the IMF is being primed for a much larger role, to be remade into a bona fide instrument of global governance — just as the original General Agreement on Tariffs and Trade (GATT), also created at Bretton Woods, was later transformed into the World Trade Organization (WTO). The latter is a de facto global trade ministry with supranational authority, and it has already wielded over the United States and many other nations.

The IMF, in other words, is apparently being prepared to become for global finance what the WTO has become for international trade. At a recent planning session for the upcoming summit, "[EU leaders] discussed making the International Monetary Fund the world's financial watchdog, suggesting it be given more power to curb financial crises and give more money to aid countries in trouble," the AP reported.

EU leaders like France's President Nicholas Sarkozy and Britain's Prime Minister Gordon Brown have seized the initiative in setting the agenda for the November 15 summit, which some are informally referring to as "Bretton Woods II." The EU will be calling for an agreement to overhaul the global financial system within 100 days, with a second international summit to be held in March.

Additional proposals that may be implied by the aformentioned five agenda items might include: creating a world central bank; creating an international reserve currency to replace the ailing U.S. dollar; and levying fees or taxes on international financial transactions. Any of these would be potentially devastating blows to American sovereignty, and would immeasurably strengthen the UN-centered embryonic world government.

A global central bank with the power to create a truly international currency would give the international system the same power globally that the Federal Reserve enjoys domestically — the power to create money at will. In other words, the UN system would acquire at a stroke the power to fund itself by printing money, emancipating it from reliance on the contributions of member states. An international tax or fee assessed on financial activity would be the realization of another long-cherished but still-unfulfilled dream of globalists: a truly global tax.

Make no mistake about it: the upcoming series of global summits will be about creating and empowering new organs of world government. It will be about curtailing international economic and financial freedom, not enhancing it.

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[vdubs4life1964]

The problem is that most people are too stupid to care. Like when I tell people about the fed, they say well, I'm ok and my neighbor is ok. Why should I be worried. As long as I have a job, I'm happy. Obama is going to save the world! Give me a break!

[kent6608]

Educate yourself and learn more through great videos like this. I live in Sweden and have a nice life, but the elite system and there ides makes me sick. There is food and place for everybody on earth, but a common problem is that people are brain washed and cant take information like this in.

I made my first video last night ( bad spelling, its my first). This is what we can do to wake people up)

Free the world from hate and greed!!

[fastone32]

thanks for the video . job well done , too bad it only has 8454 view

[mipof]

that was a relativley good summary, thanks for the video add, well informed, lets u remember that we all still have a spirit and life

[easyrhino06]

Like what? You tell me? Tell us!

The fact is the time that God has allowed for humans to experiment with self-government is about to end. That is a fact. The issue is not limited to the earth. It is a universal one and humans are only part of it. What the bible describes the only thing humans can do. So we can be on the side of The Sovereign of the universe or we can trust in our own or other human's shortsighted, limited wisdom and suffer the consequences like humans throughout history have.

[quequi1992]

How about we do something that does help?

[sparklysparks77]

Please, anybody who understands what the speaker says at 9:50... I know it's a very important message regarding over exposure to TV, but I just can't get every word of it... Thank you.

[Nekrotik666]

Dont you understand?!!! The only fear they have is public unrest! They want to instigate the rule of Lucifer on you! Kill them all!!!

[Nekrotik666]

Can anyone still deny or repress what all of us truthers have been saying for years? Welcome to real world, folks! Now, its all a matter of time... We, however, will fight until the end...

[CS71213]

Get to know and put faith in the Only One that has the ability to save the human race that He created. Read and study the bible which is His inspired word. Talk to Him and ask for help. Then accept the help that He will send you. Millions worldwide realize today that Only He has the ability to "...bring to ruin those ruining the earth. - Rev. 11:18

[ricodelta1]

theme song to cold case