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G20 hands world economy to the IMF, triples funds

Noble — Fri, 04/03/2009 - 02:39

They've got the whole world... in their hands.

The International Money Fund is poised to become the new Federal Reserve and SEC for the world. The New World Order is right on track.  During massive protests, the G-20 met and pledged to triple the funds of the IMF, and to give it new international regulatory authority. They're actually using the term "New World Order" regularly in the news. Who in the world is going to elect these international regulators? Why, nobody, of course, any more than we have a say in the Fed.

If you've ever opposed this idea, it's go time. Now. My hope is to see massive relocalization, supporting local farmers, local credit unions, rebuilding lost community relationships, kicking big corps OUT of our towns. We need to start doing things for ourselves again. I've been struggling to learn the basics of food and water security, and we have a LOT of work to do. At the same time, our government, and other governments around the globe are scrambling to make food and water security illegal.

As I suspected, Obama's one job as president was to sell us down the river. So does this mean we're going to give the IMF a bunch of money so they can loan it back to us at crippling interest?

From Bloomberg:

G-20 Shapes New World Order With Lesser Role for U.S., Markets
By Rich Miller and Simon Kennedy

April 3 (Bloomberg) -- Global leaders took their biggest steps yet toward a new world order that’s less U.S.-centric with a more heavily regulated financial industry and a greater role for international institutions and emerging markets.

At the end of a summit in London, policy makers from the Group of 20 yesterday delivered a regulatory blueprint that French President Nicholas Sarkozy said turned the page on the Anglo-Saxon model of free markets by placing stricter limits on hedge funds and other financiers. The leaders also pledged to triple the resources of the International Monetary Fund and to hand China and other developing economies a greater say in the management of the world economy.

"It’s the passing of an era," said Robert Hormats, vice chairman of Goldman Sachs International, who helped prepare summits for presidents Gerald R. Ford, Jimmy Carter and Ronald Reagan. "The U.S. is becoming less dominant while other nations are gaining influence."

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The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over City, State, and nation… It seizes in its long and powerful tentacles our executive officers, our legislative bodies, our schools, our courts, our newspapers, and every agency created for the public protection… To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interest and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes.

— John Hylan

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