Greedy Wall St Execs are flotsam jetsam compared to global banking elites
Steve Watson
Infowars.net
Tuesday, March 17, 2009
As we have previously highlighted, the elite have exploited the problem that they created to push for increased regulation of the world economic system in the pursuit of a de-facto global financial dictatorship.
The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks revolves around their drive to move towards a one world currency system and an unprecedented centralization of global financial power, a fact that financial analysts are finally beginning to realise.
Last week Ben Bernanke told an elite gathering at the Council on Foreign Relations that a new overarching financial authority should be created and empowered with sweeping new regulatory responsibilities.
Such a suggestion echoes that of über elitist Paul Volcker, an Obama adviser and former Fed chairman, who has consistently called for regulatory crackdowns, along with other members of the elite Group of Thirty and the Trilateral Commission.
During Volcker’s address at the Columbia University’s Center for Capitalism and Society last month, he said only new forms of international financial regulation will save us from the yawning catastrophe. “All banks must be supervised and regulated, but those of systemic significance around the world, which, almost inevitably… are international, they’re not just national, will be subject to a particular layer of supervision,” said Volcker.
British Prime Minister Gordon Brown, EU heads such as Joaquin Almunia and establishment media outlets like the Wall Street Journal amongst many others have all continually used the economic crisis as an excuse to argue for greater financial power, a “new world economic order” in which control is concentrated into fewer hands – with the IMF and the World Bank enjoying the spoils.
UK Business Secretary and top Bilderberg member Peter Mandelson has also pushed for a “Bretton Woods for this century,” to help build the “machinery of global economic governance”.
Former UK Prime Minister Tony Blair, German Chancellor Angela Merkel and French President Nicolas Sarkozy all made the same appeal at a conference in Paris on the future of capitalism earlier this year.
Merkel called for the creation of a new global economic body under the UN, similar to the Security Council, to judge government policy.
Sarkozy called for a “new world, new capitalism” during his speech, as he commented “In capitalism of the 21st century, there is room for the state.”
Meanwhile, Blair called for a new financial order which he said should be constructed upon “values other than the maximum short-term profit.”
More of the same appeals are set to be made this weekend at the meeting of the G20 in England.
The globalists created the problem of wildly irresponsible fractional reserve banking, the debt bubble and the credit crunch by ceaselessly inflating the money supply and now they are offering their solution to the crisis by posing as the saviors and promising to fix the crisis, but only if complete control of the global financial system be signed over to them.
As Ron Paul, Peter Schiff and their ilk have tirelessly argued, the only way to solve the financial crisis is to allow incompetent banks and companies to fail, not to reward their misdeeds by giving them billions in taxpayer money. The only way to re-capitalize the world is to provide incentives for people to work hard and save money, not by creating more credit out of thin air, which is what caused the problem in the first place.
The globalists’ call for a centralized global economic order has nothing to do with providing solutions to the crisis but everything to do with providing themselves with more power and control over the world’s financial system.
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Filed under: Alex Jones, Global Economy
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