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8. Extracts of INL News Report on New World Order - Barrack Obama- 2008 BANKING COLLAPSE ESCALATES WORLD GOVERNMENT FORMATION
UNDERSTANDING THE WORLD GOVERNMENT AGENDA -
EMERGENCE OF REGIONAL CURRENCIES - A “NEW WORLD ORDER” IN BANKING
"International governance tends to be effective, only when it is anti-democratic.” an adviser to French President Nicolas Sarkozy Rachman
In February of 2009, the Times Online reported that a “New world order in banking [is] necessary,” and that, “It is increasingly evident that the world needs a new banking system and that it should not bear much resemblance to the one that has failed so spectacularly.” But of course, the ones that are shaping this new banking system are the champions of the previous banking system. The solutions that will follow are simply the extensions of the current system, only sped up through them necessity posed by the current crisis.
In November of 2008, The National, a prominent United Arab Emirate newspaper, reported on Baron David de Rothschild accompanying Prime Minister Gordon Brown on a visit to the Middle East, although not as a “part of the official party” accompanying Brown. Following an interview with the Baron, it was reported that, “Rothschild shares most people’s view that there is a new world order. In his opinion, banks will deleverage and there will be a new form of global governance.”
In April of 2009, Robert Zoellick, President of the World Bank, said that, “If leaders are serious about creating new global responsibilities or governance, let them start by modernizing multilateralism to empower the WTO, the IMF, and the World Bank Group to monitor national policies.” David Rothkopf, a scholar at the Carnegie Endowment for International Peace, former Deputy Undersecretary of Commerce for International Trade in the Clinton administration, and former managing director of Kissinger and Associates, and a member of the Council on Foreign Relations, recently wrote a book titled, Superclass: The Global Power Elite and the World They are Making, of which he is certainly a member. When discussing the role and agenda of the global “superclass”, he states that, “In a world of global movements and threats that don’t present their passports at national borders, it is no longer possible for a nation-state acting alone to fulfill its portion of the social contract.” He writes that, “even the international organizations and alliances we have today, flawed as they are, would have seemed impossible until recently, notably the success of the European Union – a unitary democratic state the size of India. The evolution and achievements of such entities against all odds suggest not isolated instances but an overall trend in the direction of what Tennyson called “the Parliament of Man,” or ‘universal law’.” He states that he is “optimistic that progress will continue to be made,” but it will be difficult, because it “undercuts many national and local power structures and cultural concepts that have foundations deep in the bedrock of human civilization, namely the notion of sovereignty.”
He quoted an adviser to French President Nicolas Sarkozy as saying, “Global governance is just a euphemism for global government,” and that the “core of the international financial crisis is that we have global financial markets and no global rule of law.” However, Rachman states that any push towards a global government “will be a painful, slow process.” He then states that a key problem in this push can be explained with an example from the EU, which “has suffered a series of humiliating defeats in referendums, when plans for “ever closer union” have been referred to the voters. In general, the Union has progressed fastest when far-reaching deals have been agreed by technocrats and politicians – and then pushed through without direct reference to the voters.
"International governance tends to be effective, only when it is anti-democratic.”
an adviser to French President Nicolas Sarkozy Rachman
A NEW BRETTON-WOODS
In October of 2008, Gordon Brown, Prime Minister of the UK, said that we “must have a new Bretton Woods - building a new international financial architecture for the years ahead.” He continued in saying that, “we must now reform the international financial system around the agreed principles of transparency, integrity, responsibility, good housekeeping and co-operation across borders.” An article in the Telegraph reported that Gordon Brown would want “to see the IMF reformed to become a ‘global central bank’ closely monitoring the international economy and financial system.” 252 On October 17, 2008, Prime Minister Gordon Brown wrote an op-ed in the Washington Post in which he said, “This week, European leaders came together to propose the guiding principles that we believe should underpin this new Bretton Woods: transparency, sound banking, responsibility, integrity
and global governance. We agreed that urgent decisions implementing these principles should be made to root out the irresponsible and often undisclosed lending at the heart of our problems. To do this, we need cross-border supervision of financial institutions; shared global standards for accounting and regulation; a more responsible approach to executive remuneration that rewards hard work, effort and enterprise but not irresponsible risk-taking; and the renewal of our international institutions to make them effective early-warning systems for the world economy.”
In early October 2008, it was reported that, “as the world's central bankers gather this week in Washington DC for an IMF-World Bank conference to discuss the crisis, the big question they face is whether it is time to establish a global economic "policeman" to ensure the crash of 2008 can never be repeated.” Further, “any organization with the power to police the global economy would have to include representatives of every major country – a United Nations of economic regulation.” A former governor of the Bank of England suggested that, “the answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS),” however, “The problem is that it has no teeth. The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.”
UNDERSTANDING THE WORLD GOVERNMENT AGENDA
A GLOBAL CURRENCY The PhoenixIn 1988, The Economist ran an article titled, Get Ready for the Phoenix, in which they wrote, “THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the late twentieth century.” The article stated that, “The market crash [of 1987] taught [governments] that the pretence of policy cooperation can be worse than nothing, and that until real co-operation is feasible (ie, until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.” Amazingly the article states that, “Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by patch-up followed by emergency, stretching out far beyond 2018-except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very trends that will make it mount are making the utopia of monetary union feasible.” Further, the article stated that, “The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate-and hence, within narrow margins, each national inflation rate-would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit.” The author admits that, “This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.” The article concludes in stating that, “The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.” The last sentence states, “Pencil in the phoenix for around 2018, and welcome it when it comes.”
A “NEW WORLD ORDER” IN BANKING
In March of 2008, following the collapse of Bear Stearns, Reuters reported on a document released by research firm CreditSights, which said that, “Financial firms face a ‘new world order’,” and that, “More industry consolidation and acquisitions may follow after JPMorgan Chase & Co.” Further, “In the event of future consolidation, potential acquirers identified by CreditSights include JPMorganChase, Wells Fargo, US Bancorp, Goldman Sachs and Bank of America.” In June of 2008, before he was Treasury Secretary in the Obama administration, Timothy Geithner, as head of the New York Federal Reserve, wrote an article for the Financial Times following his attendance at the 2008 Bilderberg conference, in which he wrote that, “Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework,” and he said that, “the US Federal Reserve should play a "central role" in the new regulatory framework, working closely with supervisors in the US and around the world.” In November of 2008, The National, a prominent United Arab Emirate newspaper, reported on Baron David de Rothschild accompanying Prime Minister Gordon Brown on a visit to the Middle East, although not as a “part of the official party” accompanying Brown. Following an interview with the Baron, it was reported that, “Rothschild shares most people’s view that there is a new world order. In his opinion, banks will deleverage and there will be a new form of global governance.” In February of 2009, the Times Online reported that a “New world order in banking [is] necessary,” and that, “It is increasingly evident that the world needs a new banking system and that it should not bear much resemblance to the one that has failed so spectacularly.” 306 But of course, the ones that are shaping this new banking system are the champions of the previous banking system. The solutions that will follow are simply the extensions of the current system, only sped up through the necessity posed by the current crisis.
AN EMERGING GLOBAL GOVERNMENT
A recent article in the Financial Post stated that, “The danger in the present course is that if the world moves to a “super sovereign” reserve currency engineered by experts, such as the “UN Commission of Experts” led by Nobel laureate economist Joseph Stiglitz, we would give up the possibility of a spontaneous money order and financial harmony for a centrally planned order and the politicization of money. Such a regime change would endanger not only the future value of money but, more importantly, our freedom and prosperity.” 307 Further, “An uncomfortable characteristic of the new world order may well turn out to be that global income gaps will widen because the rising powers, such as China, India and Brazil, regard those below them on the ladder as potential rivals.” The author further states that, “The new world order thus won't necessarily be any better than the old one,” and that, “What is certain, though, is that global affairs are going to be considerably different from now on.” In April of 2009, Robert Zoellick, President of the World Bank, said that, “If leaders are serious about creating new global responsibilities or governance, let them start by modernizing multilateralism to empower the WTO, the IMF, and the World Bank Group to monitor national policies.” David Rothkopf, a scholar at the Carnegie Endowment for International Peace, former Deputy Undersecretary of Commerce for International Trade in the Clinton administration, and former managing director of Kissinger and Associates, and a member of the Council on Foreign Relations, recently wrote a book titled, Superclass: The Global Power Elite and the World They are Making, of which he is certainly a member. When discussing the role and agenda of the global “superclass”, he states that, “In a world of global movements and threats that don’t present their passports at national borders, it is no longer possible for a nation-state acting alone to fulfill its portion of the social contract.” He writes that, “even the international organizations and alliances we have today, flawed as they are, would have seemed impossible until recently, notably the success of the European Union – a unitary democratic state the size of India. The evolution and achievements of such entities against all odds suggest not isolated instances but an overall trend in the direction of what Tennyson called “the Parliament of Man,” or ‘universal law’.” He states that he is “optimistic that progress will continue to be made,” but it will be difficult, because it “undercuts many national and local power structures and cultural concepts that have foundations deep in the bedrock of human civilization, namely the notion of sovereignty.”
Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.” 251 The article continued in stating that, “There is now a world currency in waiting. In time, SDRs are likely to evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China.” Further, “The creation of a Financial Stability Board looks like the first step towards a global financial regulator,” or, in other words, a global central bank. It is important to take a closer look at these “solutions” being proposed and implemented in the midst of the current global financial crisis. These are not new suggestions, as they have been in the plans of the global elite for a long time. However, in the midst of the current crisis, the elite have fasttracked their agenda of forging a New World Order in finance. It is important to address the background to these proposed and imposed “solutions” and what effects they will have on the International Monetary System (IMS) and the global political economy as a whole.
A NEW BRETTON-WOODS
In October of 2008, Gordon Brown, Prime Minister of the UK, said that we “must have a new Bretton Woods - building a new international financial architecture for the years ahead.” He continued in saying that, “we must now reform the international financial system around the agreed principles of transparency, integrity, responsibility, good housekeeping and co-operation across borders.” An article in the Telegraph reported that Gordon Brown would want “to see the IMF reformed to become a ‘global central bank’ closely monitoring the international economy and financial system.” 252 On October 17, 2008, Prime Minister Gordon Brown wrote an op-ed in the Washington Post in which he said, “This week, European leaders came together to propose the guiding principles that we believe should underpin this new Bretton Woods: transparency, sound banking, responsibility, integrity
and global governance. We agreed that urgent decisions implementing these principles should be made to root out the irresponsible and often undisclosed lending at the heart of our problems. To do this, we need cross-border supervision of financial institutions; shared global standards for accounting and regulation; a more responsible approach to executive remuneration that rewards hard work, effort and enterprise but not irresponsible risk-taking; and the renewal of our international institutions to make them effective early-warning systems for the world economy.”In early October 2008, it was reported that, “as the world's central bankers gather this week in Washington DC for an IMF-World Bank conference to discuss the crisis, the big question they face is whether it is time to establish a global economic "policeman" to ensure the crash of 2008 can never be repeated.” Further, “any organization with the power to police the global economy would have to include representatives of every major country – a United Nations of economic regulation.” A former governor of the Bank of England suggested that, “the answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS),” however, “The problem is that it has no teeth. The IMF tends to couch its warnings about economic problems in very diplomatic language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.” On January 1, 1999, the European Union established the Euro as its regional currency. The Euro has grown in prominence over the past several years. However, it is not to be the only regional currency in the world. There are moves and calls for other regional currencies throughout the world. In 2007, Foreign Affairs, the journal of the Council on Foreign Relations, ran an article titled, The End of National Currency, in which it began by discussing the volatility of international currency markets, and that very few “real” solutions have been proposed to address successive currency crises. The author poses the question, “will restoring lost sovereignty to governments put an end to financial instability?” He answers by stating that, “This is a dangerous misdiagnosis,” and that, “The right course is not to return to a mythical past of monetary sovereignty, with governments controlling local interest and exchange rates in blissful ignorance of the rest of the world. Governments must let go of the fatal notion that nationhood requires them to make and control the money used in their territory. National currencies and global markets simply do not mix; together they make a deadly brew of currency crises and geopolitical tension and create ready pretexts for damaging protectionism. In order to globalize safely, countries should abandon monetary nationalism and abolish unwanted currencies, the source of much of today's instability.”
The author explains that, “Monetary nationalism is simply incompatible with globalization. It has always been, even if this has only become apparent since the 1970s, when all the world's governments rendered their currencies intrinsically worthless.” The author states that, “Since economic development outside the process of globalization is no longer possible, countries should abandon monetary nationalism. Governments should replace national currencies with the dollar or the euro or, in the case of Asia, collaborate to produce a new multinational currency over a comparably large and economically diversified area.” Essentially, according to the author, the solution lies in regional currencies. In October of 2008, “European Central Bank council member Ewald Nowotny said a ``tri-polar'' global currency system is developing between Asia, Europe and the U.S. and that he's skeptical the U.S. dollar's centrality can be revived.”
The Union of South American Nations
The Union of South American Nations (UNASUR) was established on May 23, 2008, with the headquarters to be in Ecuador, the South American Parliament to be in Bolivia, and the Bank of the South to be in Venezuela. As the BBC reported, “The leaders of 12 South American nations have formed a regional body aimed at boosting economic and political integration in the region,” and that, “The Unasur members are Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay and Venezuela.” The week following the announcement of the Union, it was reported that, “Brazilian President Luiz Inacio Lula da Silva said Monday that South American nations will seek a common currency as part of the region's integration efforts following the creation of the Union of South American Nations.” He was quoted as saying, “We are proceeding so as, in the future, we have a common central bank and a common currency.”
The Gulf Cooperation Council and a Regional Currency
In 2005, the Gulf Cooperation Council (GCC), a regional trade bloc among Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE), announced the goal of creating a single common currency by 2010. It was reported that, “An economically united and efficient GCC is clearly a more interesting proposition for larger companies than each individual economy, especially given the impediments to trade evident within the region. This is why trade relations within the GCC have been a core focus of late.” Further, “The natural extension of this trend for increased integration is to introduce a common currency in order to further facilitate trade between the different countries.” It was announced that, “the region's central bankers had agreed to pursue monetary union in a similar fashion to the rules used in Europe.” In June of 2008, it was reported that, “Gulf Arab central bankers agreed to create the nucleus of a joint central bank next year in a major step forward for monetary union but signaled that a new common currency would not be in circulation by an agreed 2010 target.” 260 In 2002, it was announced that the “Gulf states say they are seeking advice from the European Central Bank on their monetary union programme.” In February of 2008, Oman announced that it would not be joining the monetary union. In November of 2008, it was announced that the “Final monetary union draft says Gulf central bank will be independent from governments of member states.”
In March of 2009, it was reported that, “The GCC should not rush into forming a single currency as member states need to work out the framework for a regional central bank, Saudi Arabia's Central Bank Governor Muhammad Al Jasser.” Jasser was further quoted as saying, “It took the European Union 45 years to put together a single currency. We should not rush.” In 2008, with the global financial crisis, new problems were posed for the GCC initiative, as “Pressure mounted last year on the GCC members to drop their currency pegs as inflation accelerated above 10 per cent in five of the six countries. All of the member states except Kuwait peg their currencies to the dollar and tend to follow the US Federal Reserve when setting interest rates.”
An Asian Monetary Union
In 1997, the Brookings Institution, a prominent American think tank, discussed the possibilities of an East Asian Monetary Union, stating that, “the question for the 21st century is whether analogous monetary blocs will form in East Asia (and, for that matter, in the Western Hemisphere). With the dollar, the yen, and the single European currency floating against one another, other small open economies will be tempted to link up to one of the three.” However, “the linkage will be possible only if accompanied by radical changes in institutional arrangements like those contemplated by the
European Union. The spread of capital mobility and political democratization will make it prohibitively difficult to peg exchange rates unilaterally. Pegging will require international cooperation, and effective cooperation will require measures akin to monetary unification.” 263 In 2001, Asia Times Online wrote an article discussing a speech given by economist Robert A. Mundell at Bangkok's Chulalongkorn University, at which he stated that, “[t]he "Asean plus three" (the 10 members of the Association of Southeast Asian Nations plus China, Japan, and Korea) ‘should look to the European Union as a model for closer integration of monetary policy, trade and eventually, currency integration’.”
On May 6, 2005, the website of the Association of Southeast Asian Nations (ASEAN) announced that, “China, Japan, South Korea and the 10 members of the Association of Southeast Asian Nations (ASEAN) have agreed to expand their network of bilateral currency swaps into what could become a virtual Asian Monetary Fund,” and that, “[f]inance officials of the 13 nations, who met in the sidelines of the Asian Development Bank (ADB) annual conference in Istanbul, appeared determined to turn their various bilateral agreements into some sort of multilateral accord, although none of the officials would directly call it an Asian Monetary Fund.” In August of 2005, the San Francisco Federal Reserve Bank published a report on the prospects of an East Asian Monetary Union, stating that East Asia satisfies the criteria for joining a monetary union, however, it states that compared to the European initiative, “The implication is that achieving any monetary arrangement, including a common currency, is much more difficult in East Asia.” It further states that, “In Europe, a monetary union was achievable primarily because it was part of the larger process of political integration,” however, “There is no apparent desire for political integration in East Asia, partly because of the great differences among those countries in terms of political systems, culture, and shared history. As a result of their own particular histories, East Asian countries remain particularly jealous of their sovereignty.” Another major problem, as presented by the San Francisco Fed, is that, “East Asian governments appear much more suspicious of strong supranational institutions,” and thus, “in East Asia, sovereignty concerns have left governments reluctant to delegate significant authority to supranational bodies, at least so far.” It explains that as opposed to the steps taken to create a monetary union in Europe, “no broad free trade agreements have been achieved among the largest countries in the region, Japan, Korea, Taiwan, and China.” Another problem is that, “East Asia does not appear to have an obvious candidate for an internal anchor currency for a cooperative exchange rate arrangement. Most successful new currencies have been started on the back of an existing currency, establishing confidence in its convertibility, thus linking the old with the new.”
The report concludes that, “exchange rate stabilization and monetary integration are unlikely in the near term. Nevertheless, East Asia is integrating through trade, even without an emphasis on formal trade liberalization agreements,” and that, “there is evidence of growing financial cooperation in the region, including the development of regional arrangements for providing liquidity during crises through bilateral foreign exchange swaps, regional economic surveillance discussions, and the development of regional bond markets.” Ultimately, “East Asia might also proceed along the same path [as Europe], first with loose agreements to stabilize currencies, followed later by tighter agreements, and culminating ultimately in adoption of a common anchor—and, after that, maybe an East Asia dollar.” In 2007, it was reported that, “Asia may need to establish its own monetary fund if it is to cope with future financial shocks similar to that which rocked the region 10 years ago,” and that, “Further Asian financial integration is the best antidote for Asian future financial crises.”
In September of 2007, Forbes reported that, “An East Asian monetary union anchored by Japan is feasible but the region lacks the political will to do it, the Asian Development Bank said.” Pradumna Rana, an Asian Development Bank (ADB) economist, said that, “it appears feasible to establish a currency union in East Asia -- particularly among Indonesia, Japan, (South) Korea, Malaysia, Philippines, Singapore and Thailand,” and that, “The economic potential for monetary integration in Asia is strong, even though the political underpinnings of such an accord are not yet in place.” Further, “the real integration at the trade levels 'will actually reinforce the economic case for monetary union in Asia, in a similar way that real-sector integration did so in Europe,” and ultimately, “the road to an Asian monetary union could proceed on a 'multi-track, multi-speed' basis with a seamless Asian free trade area the goal on the trade side.” 268 In April of 2008, it was reported that, “ASEAN bank deputy governors and financial deputy ministers have met in Vietnam's central Da Nang city, discussing issues on the financial and monetary integration and cooperation in the region.”
African Monetary Union
Currently, Africa has several different monetary union initiatives, as well as some existing monetary unions within the continent. One initiative is the “monetary union project of the Economic Community of West African States (ECOWAS),” which is a “regional group of 15 countries in West Africa.” Among the members are those of an already-existing monetary union in the region, the West African Economic and Monetary Union (WAEMU). The ECOWAS consists of Benin, Burkina Faso, Cote d’Ivoire, Guinea, Guinea Bissau, Mali, Niger, Senegal, Sierra Leone, Togo, Cape Verde, Liberia, Ghana, Gambia, and Nigeria. The African Union was founded in 2002, and is an intergovernmental organization consisting of 53 African states. In 2003, the Brookings Institution produced a paper on African economic integration.In it, the authors started by stating that, “Africa, like other regions of the world, is fixing its sights on creating a common currency. Already, there are projects for regional monetary unions, and them bidding process for an eventual African central bank is about to begin.” It states that, “A common currency was also an objective of the Organization for African Unity and the African Economic Community, the predecessors of the AU,” and further, that, “The 1991 Abuja Treaty establishing the African Economic Community outlines six stages for achieving a single monetary zone for Africa that were set to be completed by approximately 2028. In the early stages, regional cooperation and integration within Africa would be strengthened, and this could involve regional monetary unions.
The final stage involves the establishment of the African Central Bank (ACB) and creation of a single African currency and an African Economic and Monetary Union.” The paper further states that the African Central Bank (ACB) “would not be created until around 2020, [but] the bidding process for its location is likely to begin soon,” however, “there are plans for creating various regional monetary unions, which would presumably form building blocks for the single African central bank and currency.” In August of 2008, “Governors of African Central Banks convened in Kigali Serena Hotel to discuss issues concerning the creation of three African Union (AU) financial institutions,” following “the AU resolution to form the African Monetary Fund (AMF), African Central Bank (ACB) and the African Investment Bank (AIB).” The central bank governors “agreed that when established, the ACB would solely issue and manage Africa's single currency and monetary authority of the continent's economy.”
On March 2, 2009, it was reported that, “The African Union will sign a memorandum of understanding this month with Nigeria on the establishment of a continental central bank,” and that, “The institution will be based in the Nigerian capital, Abuja, African Union Commissioner for Economic Affairs Maxwell Mkwezalamba told reporters.” Further, “As an intermediate step to the creation of the bank, the pan- African body will establish an African Monetary Institute within the next three years, he said at a meeting of African economists in the city,” and he was quoted as saying, “We have agreed to work with the Association of African Central Bank Governors to set up a joint technical committee to look into the preparation of a joint strategy.” The website for the Kenyan Ministry of Foreign Affairs reported that, “The African Union Commissioner for Economic Affairs Dr. Maxwell Mkwezalamba has expressed optimism for the adoption of a common currency for Africa,” and that the main theme discussed at the AU Commission meeting in Kenya was, “Towards the Creation of a Single African Currency: Review of the Creation of a Single African Currency: Which optimal Approach to be adopted to accelerate the creation of the unique continental currency.”
A North American Monetary Union and the Amero
In 1999, the Fraser Institute, a prominent and highly influential Canadian think tank, published a report written by Economics professor and former MP, Herbert Grubel, called, The Case for the Amero: The Economics and Politics of a North American Monetary Union. He wrote that, “The plan for a North American Monetary Union presented in this study is designed to include Canada, the United States, and Mexico,” and a “North American Central Bank, like the European Central Bank, will have a constitution making it responsible only for the maintenance of price stability and not for full employment.” He opined that, “sovereignty is not infinitely valuable. The merit of giving up some aspects of sovereignty should be determined by the gains brought by such a sacrifice,” and that, “It is important to note that in practice Canada has given up its economic sovereignty in many areas, the most important of which involve the World Trade Organization (formerly the GATT), the North American Free Trade Agreement,” as well as the International Monetary Fund and World Bank. Also in 1999, the C.D. Howe Institute, another of Canada’s most prominent think tanks, produced a report titled, From Fixing to Monetary Union: Options for North American Currency Integration. In
this document, it was written that, “The easiest way to broach the notion of a NAMU [North
American Monetary Union] is to view it as the North American equivalent of the European Monetary
Union (EMU) and, by extension, the euro.” 277 It further stated that the fact that “a NAMU would
mean the end of sovereignty in Canadian monetary policy is clear. Most obviously, it would mean
abandoning a made-in-Canada inflation rate for a US or NAMU inflation rate.”
In May of 2007, Canada’s then Governor of the Central Bank of Canada, David Dodge, said that,
“North America could one day embrace a euro-style single currency,” and that, “Some proponents
have dubbed the single North American currency the ‘amero’.” Answering questions following his
speech, Dodge said that, “a single currency was ‘possible’.
In November of 2007, one of Canada’s richest billionaires, Stephen Jarislowsky, also a member of the
board of the C.D. Howe Institute, told a Canadian Parliamentary committee that, “Canada should replace its dollar with a North American currency, or peg it to the U.S. greenback, to avoid the exchange rate shifts the loonie has experienced,” and that, “I think we have to really seriously start thinking of the model of a continental currency just like Europe.” Former Mexican President Vicente Fox, while appearing on Larry King Live in 2007, was asked a question regarding the possibility of a common currency for Latin America, to which he responded by saying, “Long term, very long term. What we propose together, President Bush and myself, it's ALCA, which is a trade union for all of the Americas. And everything was running fluently until Hugo Chavez came. He decided to isolate himself. He decided to combat the idea and destroy the idea.” Larry King then asked, “It's going to be like the euro dollar, you mean?” to which Fox responded, “Well, that would be long, long term. I think the processes to go, first step into is trading agreement. And then further on, a new vision, like we are trying to do with NAFTA.”
In January of 2008, Herbert Grubel, the author who coined the term “amero” for the Fraser Institute report, wrote an article for the Financial Post, in which he recommends fixing the Canadian loonie to the US dollar at a fixed exchange rate, but that there are inherent problems with having the US Federal Reserve thus control Canadian interest rates. He then wrote that, “there is a solution to this mlack of credibility. In Europe, it came through the creation of the euro and formal end of the ability of national central banks to set interest rates. The analogous creation of the amero is not possible without the unlikely co-operation of the United States. This leaves the credibility issue to be solved by the unilateral adoption of a currency board, which would ensure that international payments imbalances automatically lead to changes in Canada's money supply and interest rates until the imbalances are ended, all without any actions by the Bank of Canada or influence by politicians. It would be desirable to create simultaneously the currency board and a New Canadian Dollar valued at par with the U.S. dollar. With longer-run competitiveness assured at US90¢ to the U.S. dollar.” In January of 2009, an online publication of the Wall Street Journal, called Market Watch, discussed the possibility of hyperinflation of the United States dollar, and then stated, regarding the possibility of an amero, “On its face, while difficult to imagine, it makes intuitive sense. The ability to combine Canadian natural resources, American ingenuity and cheap Mexican labor would allow North America to compete better on a global stage.” The author further states that, “If forward policy attempts to induce more debt rather than allowing savings and obligations to align, we must respect the potential for a system shock. We may need to let a two-tier currency gain traction if the dollar meaningfully debases from current levels,” and that, “If this dynamic plays out -- and I've got no insight that it will - - the global balance of powers would fragment into four primary regions: North America, Europe, Asia and the Middle East. In such a scenario, ramifications would manifest through social unrest and geopolitical conflict.”
A GLOBAL CURRENCY
The PhoenixIn 1988, The Economist ran an article titled, Get Ready for the Phoenix, in which they wrote, “THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which by then will seem a quaint cause of much disruption to economic life in the late twentieth century.” The article stated that, “The market crash [of 1987] taught [governments] that the pretence of policy cooperation can be worse than nothing, and that until real co-operation is feasible (ie, until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.” Amazingly the article states that, “Several more big exchange-rate upsets, a few more stockmarket crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by patch-up followed by emergency, stretching out far beyond 2018-except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very trends that will make it mount are making the utopia of monetary union feasible.” Further, the article stated that, “The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate-and hence, within narrow margins, each national inflation rate-would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit.” The author admits that, “This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.” The article concludes in stating that, “The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.” The last sentence states, “Pencil in the phoenix for around 2018, and welcome it when it comes.”
Recommendations for a Global Currency
In 1998, the IMF Survey discussed a speech given by James Tobin, a prominent American economist, in which he argued that, “A single global currency might offer a viable alternative to the floating rate.” He further stated that, “there was still a great need” for “lenders of last resort.” In 1999, economist Judy Shelton addressed the US House of Representatives Committee on Banking and Financial Services. In her testimony, she stated that, “The continued expansion of free trade, the increased integration of financial markets and the advent of electronic commerce are all working to bring about the need for an international monetary standard---a global unit of account.” She further explained that, “Regional currency unions seem to be the next step in the evolution toward some kind of global monetary order. Europe has already adopted a single currency. Asia may organize into a regional currency bloc to offer protection against speculative assaults on the individual currencies of weaker nations. Numerous countries in Latin America are considering various monetary arrangements to insulate them from financial contagion and avoid the economic consequences of devaluation. An important question is whether this process of monetary evolution will be intelligently directed or whether it will simply be driven by events. In my opinion, political leadership can play a decisive role in helping to build a more orderly, rational monetary system than the current free-for-all approach to exchange rate relations.” She further stated that, “As we have seen in Europe, the sequence of development is (1) you build a common market, and (2) you establish a common currency. Indeed, until you have a common currency, you don’t truly have an efficient common market.” She concludes by stating, “Ideally, every nation should stand willing to convert its currency at a fixed rate into a universal reserve asset. That would automatically create a global monetary union based on a common unit of account. The alternative path to a stable monetary order is to forge a common currency anchored to an asset of intrinsic value. While the current momentum for dollarization should be encouraged, especially for Mexico and Canada, in the end the stability of the global monetary order should not rest on any single nation.” Paul Volcker, former Governor of the Federal Reserve Board, stated in 2000, that, “If we are to have a truly global economy, a single world currency makes sense.” In a speech delivered by a member of the Executive Board of the European Central Bank, it was stated that Paul Volcker “might be right,m and we might one day have a single world currency. Maybe European integration, in the same way as any other regional integration, could be seen as a step towards the ideal situation of a fully integrated world. If and when this world will see the light of day is impossible to say. However, what I can say is that this vision seems as impossible now to most of us as a European monetary unionm seemed 50 years ago, when the process of European integration started.”
In 2000, the IMF held an international conference and published a brief report titled, One World, One Currency: Destination or Delusion?, in which it was stated that, “As perceptions grow that the world s gradually segmenting into a few regional currency blocs, the logical extension of such a trend also emerges as a theoretical possibility: a single world currency. If so many countries see benefits from currency integration, would a world currency not maximize these benefits?” It outlines how, “The dollar bloc, already underpinned by the strength of the U.S. economy, has been extended further by dollarization and regional free trade pacts. The euro bloc represents an economic union that is intended to become a full political union likely to expand into Central and Eastern Europe. A yen bloc may emerge from current proposals for Asian monetary cooperation. A currency union may emerge among Mercosur members in Latin America, a geographical currency zone already exists around the South African rand, and a merger of the Australian and New Zealand dollars is a perennial topic in Oceania.” The summary states that, “The same commercial efficiencies, economies of scale, and physical nimperatives that drive regional currencies together also presumably exist on the next level—the global scale.” Further, it reported that, “The smaller and more vulnerable economies of the world— those that the international community is now trying hardest to help—would have most to gain from the certainty and stability that would accompany a single world currency.” 288 Keep in mind, this document was produced by the IMF, and so its recommendations for what it says would likely “help” the smaller and more vulnerable countries of the world, should be taken with a grain – or bucket – of nsalt.
Economist Robert A. Mundell has long called for a global currency. On his website, he states that the creation of a global currency is “a project that would restore a needed coherence to the international monetary system, give the International Monetary Fund a function that would help it to promote stability, and be a catalyst for international harmony.” He states that, “The benefits from a world currency would be enormous. Prices all over the world would be denominated in the same unit and would be kept equal in different parts of the world to the extent that the law of one price was allowed to work itself out. Apart from tariffs and controls, trade between countries would be as easy as it is between states of the United States.”
Renewed Calls for a Global Currency
On March 16, 2009, Russia suggested that, “the G20 summit in London in April should start establishing a system of managing the process of globalization and consider the possibility of creating a supra-national reserve currency or a ‘super-reserve currency’.” Russia called for “the creation of a supra-national reserve currency that will be issued by international financial institutions,” and that, “It looks expedient to reconsider the role of the IMF in that process and also to determine the possibility and need for taking measures that would allow for the SDRs (Special Drawing Rights) to become a super-reserve currency recognized by the world community.”
On March 23, 2009, it was reported that China’s central bank “proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.” The goal would be for the world reserve currency that is “disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.” The chief China economist for HSBC stated that, “This is a clear sign that China, as the largest holder of US dollar financial assets, is concerned about the potential inflationary risk of the US Federal Reserve printing money.” The Governor of the People’s Bank of China, the central bank, “suggested expanding the role of special drawing rights, which were introduced by the IMF in 1969 to support the Bretton Woods fixed exchange rate regime but became less relevant once that collapsed in the 1970s.” Currently, “the value of SDRs is based on a basket of four currencies – the US dollar, yen, euro and sterling – and they are used largely as a unit of account by the IMF and some other international organizations.” However, “China’s proposal would expand the basket of currencies forming the basis of SDR valuation to all major economies and set up a settlement system between SDRs and other currencies so they could be used in international trade and financial transactions. Countries would entrust a portion of their SDR reserves to the IMF to manage collectively on their behalf and SDRs would gradually replace existing reserve currencies.” On March 25, Timothy Geithner, Treasury Secretary and former President of the New York Federal Reserve, spoke at the Council on Foreign Relations, when asked a question about his thoughts on the Chinese proposal for the global reserve currency, Geithner replied that, “I haven't read the governor's proposal. He's a remarkably -- a very thoughtful, very careful, distinguished central banker. Generally find him sensible on every issue. But as I understand his proposal, it's a proposal designed to increase the use of the IMF's special drawing rights.
And we're actually quite open to that suggestion. But you should think of it as rather evolutionary, building on the current architectures, than -- rather than -- rather than moving us to global monetary union [Emphasis added].” In late March, it was reported that, “A United Nations panel of economists has proposed a new global currency reserve that would take over the US dollar-based system used for decades by international banks,” and that, “An independently administered reserve currency could operate without conflicts posed by the US dollar and keep commodity prices more stable.” A recent article in the Economic Times stated that, “The world is not yet ready for an international reserve currency, but is ready to begin the process of shifting to such a currency. Otherwise, it would remain too vulnerable to the hegemonic nation,” as in, the United States. Another article in the Economic Times started by proclaiming that, “the world certainly needs an international currency.” Further, the article stated that, “With an unwillingness to accept dollars and the absence of an alternative, international payments system can go into a freeze beyond the control of monetary authorities leading the world economy into a Great Depression,” and that, “In order to avoid such a calamity, the international community should immediately revive the idea of the Substitution Account mooted in 1971, under which official holders of dollars can deposit their unwanted dollars in a special account in the IMF with the values of deposits denominated in an international currency such as the SDR of the IMF.”Amidst fears of a falling dollar as a result of the increased open discussion of a new global currency, it was reported that, “The dollar’s role as a reserve currency won’t be threatened by a nine-fold expansion in the International Monetary Fund’s unit of account, according to UBS AG, ING Groep NV and Citigroup Inc.” This was reported following the recent G20 meeting, at which, “Group of 20 leaders yesterday gave approval for the agency to raise $250 billion by issuing Special Drawing Rights, or SDRs, the artificial currency that the IMF uses to settle accounts among its member nations. It also agreed to put another $500 billion into the IMF’s war chest.” In other words, the large global financial institutions came to the rhetorical rescue of the dollar, so as not to precipitate a crisis in its current standing, so that they can continue with quietly forming a new global currency.
CREATING A WORLD CENTRAL BANK
In 1998, Jeffrey Garten wrote an article for the New York Times advocating a “global Fed.” Garten was former Dean of the Yale School of Management, former Undersecretary of Commerce for International Trade in the Clinton administration, previously served on the White House Council on International Economic Policy under the Nixon administration and on the policy planning staffs of Secretaries of State Henry Kissinger and Cyrus Vance of the Ford and Carter administrations, former Managing Director at Lehman Brothers, and is a member of the Council on Foreign Relations. In his article written in 1998, he stated that, “over time the United States set up crucial central institutions - the Securities and Exchange Commission (1933), the Federal Deposit Insurance Corporation (1934) and, most important, the Federal Reserve (1913). In so doing, America became a managed national economy. These organizations were created to make capitalism work, to prevent destructive business cycles and to moderate the harsh, invisible hand of Adam Smith.” He then explained that, “This is what now must occur on a global scale. The world needs an institution that has a hand on the economic rudder when the seas become stormy. It needs a global central bank.” He explains that, “Simply trying to coordinate the world's powerful central banks -- the Fed and the new European Central Bank, for instance -- wouldn't work,” and that, “Effective collaboration among finance ministries and treasuries is also unlikely to materialize. These agencies are responsible to elected legislatures, and politics in the industrial countries is more preoccupied with internal events than with international stability.” He then postulates that, “An independent central bank with responsibility for maintaining global financial stability is the only way out. No one else can do what is needed: inject more money into the system to spur growth, reduce the sky-high debts of emerging markets, and oversee the operations of shaky financial institutions. A global central bank could provide more money to the world economy when it is rapidly losing steam.” Further, “Such a bank would play an oversight role for banks and other financial institutions everywhere, providing some uniform standards for prudent lending in places like China and Mexico. [However, t]he regulation need not be heavy-handed.” Garten ncontinues, “There are two ways a global central bank could be financed. It could have lines of credit from all central banks, drawing on them in bad times and repaying when the markets turn up. Alternately -- and admittedly more difficult to carry out -- it could be financed by a very modest tariff on all trade, collected at the point of importation, or by a tax on certain global financial transactions.” Interestingly, Garten states that, “One thing that would not be acceptable would be for the bank to be at the mercy of short-term-oriented legislatures.” In essence, it is not to be accountable to the people of the world. So, he asks the question, “To whom would a global central bank be accountable?
It would have too much power to be governed only by technocrats, although it must be led by the best of them. One possibility would be to link the new bank to an enlarged Group of Seven -- perhaps a ''G-15'' [or in today’s context, the G20] that would include the G-7 plus rotating members like Mexico, Brazil, South Africa, Poland, India, China and South Korea.” He further states that, “There would have to be very close collaboration” between the global bank and the Fed, and that, “The global bank would not operate within the United States, and it would not be able to override the decisions of our central bank. But it could supply the missing international ingredient -- emergency financing for cash-starved emerging markets. It wouldn't affect American mortgage rates, but it could help the profitability of American multinational companies by creating a healthier global environment for their businesses.” In September of 2008, Jeffrey Garten wrote an article for the Financial Times in which he stated that, “Even if the US’s massive financial rescue operation succeeds, it should be followed by something even more far-reaching – the establishment of a Global Monetary Authority to oversee markets that have become borderless.” He emphasized the “need for a new Global Monetary Authority. It would set the tone for capital markets in a way that would not be viscerally opposed to a strong public oversight function with rules for intervention, and would return to capital formation the goal of economic growth and development rather than trading for its own sake.” Further, the “GMA would be a reinsurer or discounter for certain obligations held by central banks. It would scrutinize the regulatory activities of national authorities with more teeth than the IMF has and oversee the implementation of a limited number of global regulations. It would monitor global risks and establish an effective early warning system with more clout to sound alarms than the BIS has.” Moreover, “The biggest global financial companies would have to register with the GMA and be subject to its monitoring, or be blacklisted. That includes commercial companies and banks, but also sovereign wealth funds, gigantic hedge funds and private equity firms.” He recommends that its board “include central bankers not just from the US, UK, the eurozone and Japan, but also China, Saudi Arabia and Brazil. It would be financed by mandatory contributions from every capable country and from insurance-type premiums from global financial companies – publicly listed, government owned, and privately held alike.” In October of 2008, it was reported that Morgan Stanley CEO John Mack stated that, “it may take continued international coordination to fully unlock the credit markets and resolve the financial crisis, perhaps even by forming a new global body to oversee the process.”
In late October of 2008, Jeffrey Garten wrote an article for Newsweek in which he stated that, “leaders should begin laying the groundwork for establishing a global central bank.” He explained
that, “There was a time when the U.S. Federal Reserve played this role [as governing financial authority of the world], as the prime financial institution of the world's most powerful economy, overseeing the one global currency. But with the growth of capital markets, the rise of currencies like the euro and the emergence of powerful players such as China, the shift of wealth to Asia and the Persian Gulf and, of course, the deep-seated problems in the American economy itself, the Fed no longer has the capability to lead single-handedly.” He explains the criteria and operations of a world central bank, saying that, “It could be the lead regulator of big global financial institutions, such as Citigroup or Deutsche Bank, whose activities spill across borders,” as well as “act as a bankruptcy court when big global banks that operate in multiple countries need to be restructured. It could oversee not just the big commercial banks, such as Mitsubishi UFJ, but also the "alternative" financial system that has developed in recent years, consisting of hedge funds, private-equity groups and sovereign wealth funds—all of which are now substantially unregulated.” Further, it “could have influence over key exchange rates, and might lead a new monetary conference to realign the dollar and the yuan, for example, for one of its first missions would be to deal with the great financial imbalances that hang like a sword over the world economy.” He further postulates that, “A global central bank would not eliminate the need for the Federal Reserve or other national central banks, which will still have frontline responsibility for sound regulatory policies and monetary stability in their respective countries. But it would have heavy influence over them when it comes to following policies that are compatible with global growth and financial stability. For example, it would work with key countries to better coordinate national stimulus programs when the world enters a recession, as is happening now, so that the cumulative impact of the various national efforts do not so dramatically overshoot that they plant the seeds for a crisis of global inflation. This is a big threat as government spending everywhere goes into overdrive.”
In January of 2009, it was reported that, “one clear solution to avoid a repeat of the problems would be the establishment of a "global central bank" – with the IMF and World Bank being unable to prevent the financial meltdown.” Dr. William Overholt, senior research fellow at Harvard's Kennedy School, formerly with the Rand Institute, gave a speech in Dubai in which he said that, “To avoid another crisis, we need an ability to manage global liquidity. Theoretically that could be achieved through some kind of global central bank, or through the creation of a global currency, or through global acceptance of a set of rules with sanctions and a dispute settlement mechanism.” Guillermo Calvo, Professor of Economics, International and Public Affairs at Columbia University wrote an article for VOX in late March of 2009. Calvo is the former Chief Economist of the Inter- American Development Bank, and is currently a Research Associate at the National Bureau of Economic Research (NBER) and President of the International Economic Association and the former Senior Advisor in the Research Department of the IMF.
He wrote that, “Credit availability is not ensured by stricter financial regulation. In fact, it can be counterproductive unless it is accompanied by the establishment of a lender of last resort (LOLR) that radically softens the severity of financial crisis by providing timely credit lines. With that aim in mind, the 20th century saw the creation of national or regional central banks in charge of a subset of the capital market. It has now become apparent that the realm of existing central banks is very limited and the world has no institution that fulfils the necessary global role. The IMF is moving in that direction, but it is still too small and too limited to adequately do so.” He advocates that, “the first proposal that I would like to make is that the topic of financial regulation should be discussed together with the issue of a global lender of last resort.” Further, he proposed that, “international financial institutions must be quickly endowed with considerably more firepower to help emerging economies through the deleveraging period.”
A “NEW WORLD ORDER” IN BANKING
In March of 2008, following the collapse of Bear Stearns, Reuters reported on a document released by research firm CreditSights, which said that, “Financial firms face a ‘new world order’,” and that, “More industry consolidation and acquisitions may follow after JPMorgan Chase & Co.” Further, “In the event of future consolidation, potential acquirers identified by CreditSights include JPMorganChase, Wells Fargo, US Bancorp, Goldman Sachs and Bank of America.” In June of 2008, before he was Treasury Secretary in the Obama administration, Timothy Geithner, as head of the New York Federal Reserve, wrote an article for the Financial Times following his attendance at the 2008 Bilderberg conference, in which he wrote that, “Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework,” and he said that, “the US Federal Reserve should play a "central role" in the new regulatory framework, working closely with supervisors in the US and around the world.” In November of 2008, The National, a prominent United Arab Emirate newspaper, reported on Baron David de Rothschild accompanying Prime Minister Gordon Brown on a visit to the Middle East, although not as a “part of the official party” accompanying Brown. Following an interview with the Baron, it was reported that, “Rothschild shares most people’s view that there is a new world order. In his opinion, banks will deleverage and there will be a new form of global governance.” In February of 2009, the Times Online reported that a “New world order in banking [is] necessary,” and that, “It is increasingly evident that the world needs a new banking system and that it should not bear much resemblance to the one that has failed so spectacularly.” But of course, the ones that are shaping this new banking system are the champions of the previous banking system. The solutions that will follow are simply the extensions of the current system, only sped up through the necessity posed by the current crisis.
AN EMERGING GLOBAL GOVERNMENT
A recent article in the Financial Post stated that, “The danger in the present course is that if the world moves to a “super sovereign” reserve currency engineered by experts, such as the “UN Commission of Experts” led by Nobel laureate economist Joseph Stiglitz, we would give up the possibility of a spontaneous money order and financial harmony for a centrally planned order and the politicization of money. Such a regime change would endanger not only the future value of money but, more importantly, our freedom and prosperity.” Further, “An uncomfortable characteristic of the new world order may well turn out to be that global income gaps will widen because the rising powers, such as China, India and Brazil, regard those below them on the ladder as potential rivals.” The author further states that, “The new world order thus won't necessarily be any better than the old one,” and that, “What is certain, though, is that global affairs are going to be considerably different from now on.” In April of 2009, Robert Zoellick, President of the World Bank, said that, “If leaders are serious about creating new global responsibilities or governance, let them start by modernizing multilateralism to empower the WTO, the IMF, and the World Bank Group to monitor national policies.” David Rothkopf, a scholar at the Carnegie Endowment for International Peace, former Deputy Undersecretary of Commerce for International Trade in the Clinton administration, and former managing director of Kissinger and Associates, and a member of the Council on Foreign Relations, recently wrote a book titled, Superclass: The Global Power Elite and the World They are Making, of which he is certainly a member. When discussing the role and agenda of the global “superclass”, he states that, “In a world of global movements and threats that don’t present their passports at national borders, it is no longer possible for a nation-state acting alone to fulfill its portion of the social contract.” He writes that, “even the international organizations and alliances we have today, flawed as they are, would have seemed impossible until recently, notably the success of the European Union – a unitary democratic state the size of India. The evolution and achievements of such entities against all odds suggest not isolated instances but an overall trend in the direction of what Tennyson called “the Parliament of Man,” or ‘universal law’.” He states that he is “optimistic that progress will continue to be made,” but it will be difficult, because it “undercuts many national and local power structures and cultural concepts that have foundations deep in the bedrock of human civilization, namely the notion of sovereignty.” He further writes that, “Mechanisms of global governance are more achievable in today’s environment,” and that these mechanisms “are often creative with temporary solutions to urgent problems that cannot wait for the world to embrace a bigger and more controversial idea like real global government.”
In December of 2008, the Financial Times ran an article written by Gideon Rachman, a past Bilderberg attendee, who wrote that, “for the first time in my life, I think the formation of some sort of world government is plausible,” and that, “A ‘world government’ would involve much more than cooperation between nations. It would be an entity with state-like characteristics, backed by a body of laws. The European Union has already set up a continental government for 27 countries, which could be a model. The EU has a supreme court, a currency, thousands of pages of law, a large civil service and the ability to deploy military force.” He then asks if the European model could “go global,” and states that there are three reasons for thinking that may be the case. First, he states, “it is increasingly clear that the most difficult issues facing national governments are international in nature: there is global warming, a global financial crisis and a ‘global war on terror’.” Secondly, he states that, “It could be done,” largely as a result of the transport and communications revolutions having “shrunk the world.” Thirdly, this is made possible through an awakening “change in the political atmosphere,” as “The financial crisis and climate change are pushing national governments towards global solutions, even in countries such as China and the US that are traditionally fierce guardians of national sovereignty.” He quoted an adviser to French President Nicolas Sarkozy as saying, “Global governance is just a euphemism for global government,” and that the “core of the international financial crisis is that we have global financial markets and no global rule of law.” However, Rachman states that any push towards a global government “will be a painful, slow process.” He then states that a key problem in this push can be explained with an example from the EU, which “has suffered a series of humiliating defeats in referendums, when plans for “ever closer union” have been referred to the voters. In general, the Union has progressed fastest when far-reaching deals have been agreed by technocrats and politicians – and then pushed through without direct reference to the voters.
International governance tends to be effective, only when it is anti-democratic.”In November of 2008, the United States National Intelligence Council (NIC), the US intelligence community’s “center for midterm and long-term strategic thinking,” released a report that it produced in collaboration with numerous think tanks, consulting firms, academic institutions and hundreds of other experts, among them are the Atlantic Council of the United States, the Wilson Center, RAND Corporation, the Brookings Institution, American Enterprise Institute, Texas A&M University, the Council on Foreign Relations and Chatham House in London. The report, titled, Global Trends 2025: A Transformed World, outlines the current global political andm economic trends that the world may be going through by the year 2025. In terms of the financial crisis, it states that solving this “will require long-term efforts to establish a new international system.” It suggests that as the “China-model” for development becomes increasingly attractive, there may be a “decline in democratization” for emerging economies, authoritarian regimes, and “weak democracies frustrated by years of economic underperformance.” Further, the dollar will cease to be the global reserve currency, as there would likely be a “move away from the dollar.” It states that the dollar will become “something of a first among equals in a basket of currencies by 2025. This could occur suddenly in the wake of a crisis, or gradually with global rebalancing.” The report elaborates on the construction of a new international system, stating that, “By 2025, nationstates will no longer be the only – and often not the most important – actors on the world stage and the ‘international system’ will have morphed to accommodate the new reality. But the transformation will be incomplete and uneven.” Further, it would be “unlikely to see an overarching, comprehensive, unitary approach to global governance. Current trends suggest that global governance in 2025 will be a patchwork of overlapping, often ad hoc and fragmented efforts, with shifting coalitions of member nations, international organizations, social movements, NGOs, philanthropic foundations, and companies.” It also notes that, “Most of the pressing transnational problems – including climate change, regulation of globalized financial markets, migration, failing states, crime networks, etc. – are unlikely to be effectively resolved by the actions of individualm nation-states. The need for effective global governance will increase faster than existing mechanisms can respond.”
The report discusses the topic of regionalism, stating that, “Greater Asian integration, if it occurs, could fill the vacuum left by a weakening multilaterally based international order but could also further undermine that order. In the aftermath of the 1997 Asian financial crisis, a remarkable series of pan-Asian ventures—the most significant being ASEAN + 3—began to take root. Although few would argue that an Asian counterpart to the EU is a likely outcome even by 2025, if 1997 is taken as a starting point, Asia arguably has evolved more rapidly over the last decade than the European integration did in its first decade(s).” It further states that, “movement over the next 15 years toward an Asian basket of currencies—if not an Asian currency unit as a third reserve—is more than a theoretical possibility.” It elaborates that, “Asian regionalism would have global implications, possibly sparking or reinforcing a trend toward three trade and financial clusters that could become quasi-blocs (North America, Europe, and East Asia).” These blocs “would have implications for the ability to achieve future global
World Trade Organization agreements and regional clusters could compete in the setting of transregional product standards for IT, biotech, nanotech, intellectual property rights, and other ‘new economy’ products.”
Over the years, 72 Point has worked with literally hundreds of clients, working on sustained awareness of huge corporate household names, through to new business start-ups wanting to break into already competitive markets.
We have also worked with PR Agencies of all sizes to support them with their own clients' activity - either as part of a larger campaign or sometimes simply to help out on a difficult brief or previously unsuccessful project.
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Job Title: News Editor and Partner - SWNS
Joined 72 Point: 1984 and again in 1989 (break to work for Today for 3 years)
What he does: As News Editor, Andy has played a major role in the development of scores of young journalists' careers. He has also overseen many major stories, including the Fred West story and numerous Royal exclusives.
Before 72 Point: Andy has ink is his veins, as the son of the great Daily Mirror journalist Syd Young, he became one of the UK's youngest ever staff reporters when he landed a job on Eddy Shah's ground-breaking Today newspaper in the mid-80s. After three years with Today and having turned down a number of lucrative offers within the industry Andrew took up the offer of a partnership with SWNS.
Likes: Beer, cigarettes and pressure.
Dislikes: Fluffy PR Bunnies.
Job Title: Account Director
Joined 72 Point: August 2004
Clients: Debenhams, Travelodge, WAYN (Where Are You Now?), Cornhill Direct, Cheltenham and Gloucester, Toyota, Green Flag and Thomas Cook. Ad-hoc clients include some of the UK's largest PR agencies such as Weber Shandwick, Taylor Herring, Freud Communications, Ann-Summers, Asda and Fleishman-Hillard.
What she does: Web based clients, Finance, Health and Beauty and Fashion.
Before 72 Point: Completed a degree in Public Relations and Media Studies in 2003 before working in the Press Office for a large technology company in Bristol.
Likes: G & T's, fast food, songs that have a dance routine, anything strangely small and a genuine love of killer heels.
Dislikes: Sport of any kind, people that call their cars names and queuing for anything.
Job Title: Web and Research Manager
Joined 72 Point: January 2007
Specialises in: Survey and web site management
What he does: Kevin plays a pivotal role in co-coordinating web-based activities and projects for 72Point and OnePoll.
Before 72 Point: Golf course management, leisure club management and event management.
Likes: Poker, Hawaii, Apple products and tennis.
Dislikes: Cheats, white van drivers and Kerry Katona.
Job Title: Sales & Surveys support
Joined 72 Point: May 2008
Specialises in: Generating new business and providing database support to the sales team.
Clients: Waitrose, Choices Videos, Halifax, Co-op Financial Services, MBNA, CLS, Skipton Building Society, SKY, Jamjar cars, Weber Shandwick (Manchester), Green Flag, Chelsea Building Society, Airtours,Littlewoods, Asda
What she does: Initially brought on to develop new accounts, Mary now heads up the company's northern division. She is responsible not only for business development but ensuring ongoing accounts run smoothly. She regularly travels up and down the country in search of new and challenging briefs from small web based companies to large Corporates, Financial Institutions being just one of her favorites!
Before 72 Point: After completing a BA Hons from London University in History, Mary worked in Sales/ Marketing and PR or KP Foods in London. She was then promoted to HQ United Biscuits working in National Accounts.
Moving on to Esselte Letraset to work in International Publicity, after 3 years she joined WH Smith Group working in Sales and Marketing where she continued to be successful. After taking time out to have three beautiful boys, Mary resumed her career in 2001 when she joined 72 Point.
Likes: Jewelry; especially diamonds and pearls (shame she can't afford them) wine, James Bond movies, politics, shoes and handbags.
Dislikes: Pretentious intellectuals, Big Brother, bad language and bad manners.
UNDERSTANDING THE WORLD GOVERNMENT AGENDA
"Obama would be the man tapped to realize the one-world slave labor and control grid..."....Henry Kissinger
The sheer magnitude and complex web of deceit surrounding the individuals and organizations involved in this conspiracy is mind boggling, even for the most astute among us. Most people reactwith disbelief and scepticism towards the topic, unaware that they have been conditioned (brainwashed) to react with scepticism by institutional and media influences that were created by the Mother of All mind control organizations: The Tavistock Institute of Human Relations in London
Please note there is no doubt on the evidence that the Jihadist crisis,the rapidly unfolding economic depression and accompanying misery for billions of people and the financial crisis the Henry Kissinger talks about, was no accident or natural set of events that the Rothschild-Rockefeller controlled mainstream media have tried desperately to get the average person to believe.. and have been very cleverly abd calculatedly panned, created,manipulated, financed, orchestrated and carried out under orders of those elite pushing for a new world order... Just by the words Henry Kissinger usses and the tone of his words leaves no doubt that he and his other corporate, financial and banking elite are more thatr happy that the world is in such a mess, as they have planned all this. along with the planned reduction of the world's population to under one billion, by various means,...war...starvation, man made earth quakes, Tsamies, disease, a regulated reduction of nuntrients, minerals and vitamins and increase in allowable pesticides and bovine growth hormones, geneticly modified foods etc in food through their Codex Alimentarius Commission using the their new Codex system which is fast becoming effective International Law to all member countirew which already incuded 99% of the world's population, ethnicand religeuos cleansings, genocide etc....
The general principles of the New World Order is that is a worldwide conspiracy being orchestrated by an extremely powerful and influential group of genetically-related individuals (at least at the highest echelons) which include many of the world's wealthiest people, top political leaders, and corporate elite, as well as members of the so-called Black Nobility of Europe (dominated by the British Crown) whose goal is to create a One World (fascist) Government, stripped of nationalistic and regional boundaries, that is obedient to their agenda. Their intention is to effect complete and total control over every human being on the planet and to dramatically reduce the world's population by 5.5 Billion people.
While the name New World Order is a term frequently used today when referring to this group, it's more useful to identify the principal organizations, institutions, and individuals who make up this vast interlocking spiderweb of elite conspirators.
The Illuminati is the oldest term commonly used to refer to the 13 family bloodlines (and their offshoots) that make up a major portion of this controlling elite (also known as the black nobility). The black nobility are wealthy European families that have ruled vast financial empires for the past fifteen hundred years. 'They are called the 'Black' nobility because of their constant use of dirty tricks, terrorism and unethical methods which they never hesitate to use against anyone who would dare to
stand in their way. These people are very closely allied to the "German Marshall Fund" which organizes and finances most of the work of the Club of Rome.
Most members of the Illuminati are also members in the highest ranks of numerous secretive and occult societies which in many cases extend straight back into the ancient world. The upper levels of the tightly compartmentalized (need-to-know-basis) Illuminati structural pyramid include planning committees and organizations that the public has little or no knowledge of. The upper levels of the
Illuminati pyramid include secretive committees with names such as: the Council of 3, the Council of 5, the Council of 7, the Council of 9, the Council of 13, the Council of 33, the Grand Druid Council, the Committee of 300 (also called the "Olympians") and the Committee of 500 among others. In 1992, Dr John Coleman published Conspirators' Hierarchy: The Story of the Committee of 300.
Kissinger also mounted the floor of the New York Stock Exchange and told CNBC’s “Squawk on the Street” hosts Mark Haines and Erin Burnett that in essence
Obama would be the man tapped to realize the one-world slave labor and control grid.
Obama’s “task will be to develop an overall strategy for America in this period when, really, a new world order can be created. It’s a great opportunity, it isn’t just a crisis.” Obama was selected by the global elite Kissinger so faithfully serves to push the New World Orderm scheme. Kissinger’s primary goal is to shill for world government. He is a member of the Council on Foreign Relations, the Trilateral Commission, and the Bilderberg Group. Kissinger is merely informing us of the plan his masters have had in mind now for more than sixty years. Obama will be the front man the globalists will use to usher in the New World Order, a phrase coined by H.G. Wells when he used it as the title of a book about a socialist one-world government future. “Kissinger’s ties to government and international powers – as well as his use of the phrase – have made him suspect in the eyes of many who are wary of what ‘new world order’ might actually mean.”
Kissinger also related that he has been struck by how much the move toward a new global order has been enhanced by the recent crises.
“The jihadist crisis is bringing it home to everybody, that international affairs cannot be conducted entirely by drawing borders and defining international politics by who crosses what borders with organized military force This has now been reinforced by the financial crisis, which totally unexpectedly has spread around the world. It limits the resources that each country has for a foreign policy geared to an assertion of its own pure interests.”
Kissinger claimed that the key players in international politics, India, China, Russia, America, Europe, should recognize they have parallel concerns and work together to forge what he termed an “age of compatible interests”.
“I’m not saying that leaders will be up to all the opportunities that I may perceive but I think they can start moving in that direction and I’m actually fairly hopeful that we will be moving in that direction.”
According to Kissinger, the rapidly unfolding economic depression and accompanying misery for billions of people “generates a unique opportunity for creative diplomacy” to usher in “a world financial order” and force sovereign nations “to face the reality that its dilemmas can be mastered only by common action,” that is to say through world government and a New World Order.
Obama the new US President is the answer Kissinger writes, "The extraordinary impact of the president elect on the imagination of humanity is an important element in shaping a new world order.”
Kissinger also mounted the floor of the New York Stock Exchange and told CNBC’s “Squawk on the Street” hosts Mark Haines and Erin Burnett that in essence Obama would be the man tapped to realize the one-world slave labor and control grid. Obama’s “task will be to develop an overall strategy for America in this period when, really, a new world order can be created. It’s a great opportunity, it isn’t just a crisis.”
Obama was selected by the global elite Kissinger so faithfully serves to push the New World Orderm scheme. Kissinger’s primary goal is to shill for world government. He is a member of the Council on Foreign Relations, the Trilateral Commission, and the Bilderberg Group. Kissinger is merely informing us of the plan his masters have had in mind now for more than sixty years. Obama will be the front man the globalists will use to usher in the New World Order, a phrase coined by H.G. Wells when he used it as the title of a book about a socialist one-world government future. “Kissinger’s ties to government and international powers – as well as his use of the phrase – have made him suspect in the eyes of many who are wary of what ‘new world order’ might actually mean.”
Dale showed that this practice of the occult by royalty is very much part of the mythos purveyed by the would-be inhabitants of Mount Olympus. He cited the view of one practitioner of spiritualism, the late King Paul of Greece, the uncle of Prince Philip, that spiritualism is a positive practice, in the tradition of "the famed Delphic Oracle of Greece." The ultimate point then becomes that Prince Charles is only the latest, in a long and noble (literally) tradition. According to Dale The tribe of Dan
had the snake and the eagle as its two logos and left its calling card all over Europe as it migrated west in the names of many places. The tribe of Dan ruled the Greeks, the Roman Empire, the Austro- Hungarian empire and many others which used the eagle as its logo.
Many Bible prophecy preachers today are quite certain that the Beast of Revelation 13 represents the rising European Union or Mediterranean Union, which is quickly coalescing from an economic partnership into a true political empire of nations, a process that has been greatly facilitated by the events of the September 11th terrorist strikes in New York.
Many see in this union a revitalization of the old Holy Roman Empire, held together in the Middle Ages by the Roman Catholic Church, as well as other Vatican-approved monarchs. Most of these monarchs, as well as their supreme head, the Holy Roman Emperor himself, came from royal houses descending from the family that first held the title “New Constantine”, a prototype of the Holy Roman Emperor title. That family was the Frankish line of the Merovingians, a line that most modern European royals, as well as all 44 of the U.S. presidents, are descendants of. As seen previously, the Merovingians, including their modern-day descendants, consider themselves to be inheritors of the blood lineage of Jesus Christ himself, through his consort, Mary Magdalene.
As the story goes, Christ survived the crucifixion, and fled with his pregnant wife to the Jew-friendly area of Southern France, where a substantial number of his kinsmen were already settled. There his descendants intermarried with local Visigothic nobility, giving birth to the royal line that would provide Europe with all of its subsequent monarchs, as well as the heads of the Holy Roman Empire.
That makes these people not only descendants of Christ, but also of the Judaic King David. Indeed, the royalty of Europe mimic the royalty of ancient Israel in form, symbol and ceremony very closely, cherishing their Davidic heritage as the source of their “Right” to rule. For the throne of David was installed by God himself, who decreed that the office would be passed down to David’s descendants until the end of time. As the Bible states,
“The scepter shall not depart from Judah… until Shiloh come.” (Genesis 49:10.)
Perhaps this is why Anglo-European culture, presumed by most to be made up of Gentiles with pagan ancestry, is the world”s main proponent and bastion of Judeo-Christian theology. In fact, many, such as Herbert W. Armstrong of the Worldwide Church of God, believe that it is not just our political leaders, but the majority of our population that carries the blood of the Israelites. Armstrong maintains that the ten “lost tribes of Israel” in fact can be found today scattered across Europe, Britain, and the former colonies like the US, Canada, and Australia. He makes a case by analyzing words and place-names found throughout Europe that appear to be based in Hebrew. 329,,330 He argues that the word “brit” comes from “berith”, the Hebrew word for “covenant”, and that the word “Saxons” (as in “Anglo-Saxons”) comes from “Isaac”s Son’s.” He also points out a number of locations throughout Europe and especially Ireland could have been named after the tribe of Dan, such as “Dundalk”, “Dundee, “Donegal”, and of course, “Denmark”, meaning “Dan”s Mark.” He even examines historical Irish legends stating that sometime prior to 700 B.C., a tribe called the “Tuatha de Danaan”(Tribe of Dan) arrived on the coast of Ireland and settled down, driving out other tribes along the way, and later becoming fixed in Irish legend as a fantastical race of giants.He then recounts a rather significant Irish folk tale regarding a supposed visit by the Prophet Jeremiah in 569 B.C. In that year “an elderly, white-haired patriarch”, whom the locals referred to as a “saint” came to Ireland with a young woman named “Tea-Telphi”, who was the daughter of an
Egyptian king, and her husband, “Simon Brach.” Simon was the son of the King of Ireland, and the two had met in Jerusalem shortly before that city was sieged. They then went back to Ireland, along with Jeremiah, bearing a harp, an ark, and something called the “Lia-fail”, which later became known as the “Stone of Destiny”, the stone upon which all British monarchs must sit at their coronation. This is the same one that the Brits believe to be synonymous with Jacob’s fabled pillow-stone, upon which he slept as he dreamt about wrestling with an angel. Armstrong finds significance in the fact that the word “lia-fail” reads the same forwards and backwards, perhaps an indication of its Hebraic origin.
It is the tribe of Dan that is named the Church Father, Iraeneus, as being the tribe from which the Antichrist will spring. For one thing, Dan is the only tribe not mentioned in Revelation as having been “sealed” on their foreheads as “Children of God.” One must assume, then, that the Danites are “sealed” with that other mark, the number of the Beast, 666. Furthermore, as J.R. Church writes in Guardians of the Grail” “Four symbols are used in the Bible regarding the Danites – a serpent, an eagle, a lion, and the bees.”48 The first three are symbols now commonly used in European heraldry by Merovingian descendants, the serpent often being depicted as a dragon. The bees, however, are a symbol quite specific to the Merovingian dynasty. Church
continues: “The Merovingians, who plan to rule the world from their future throne at Jerusalem, claim to come from the tribe of Judah through Jesus Christ and Mary Magdalene. However, the weight of evidence indicates that they descended from the tribe of Dan. Although Scripture states that Samson was ‘of the family of the Danites’ [Judges 13:2], Yair Davidy of Brit-Am Israel claims that his lineage includes the Messianic tribe of Judah: ‘Samson the superman hero came from the Tribe of Dan but his mother was from Judah. Samson, in some respects, was considered a forerunner of the Messiah who will come from Judah but his mother, according to the Midrash will be of the Tribe of Dan. Again this view shares a common denominator with that of the early church fathers Irenaeus and Hippolytus who also believed that the Antichrist would come from the lineage of Dan. The train of who ascribe credibility to the “Tribe of Dan theory” and to the Jewish identity of the future Antichrist, cannot be surpassed by the elaborate renditions of Arthur W. Pink, who, interestingly enough is a bit tepid relative to Dan’s connection to a Jewish Antichrist: “But if this pseudo Christ succeeds in palming himself off on the Jews as their true Messiah he must be a Jew, for it is unthinkable that they would be deceived by any Gentile . . . it was the common belief among Christians during the first four centuries A.D., that the Antichrist would come from the tribe of Dan. Whether this will be the case or no, we do not know.
Gen. 49:17,18 may have ultimate reference to this Son of Perdition. Certainly Dan is the most mysterious of all the twelve tribes.”
3. Exact of INLNews report PART III: UNDERSTANDING THE WORLD GOVERNMENT AGENDA THE NEW WORLD ORDER:ORCHESTRATED BY THE ORDER OF THE ILLUMINATI
A MASONIC BLUEPRINT TO LAUNCH THE WORLD ORDER THROUGH WAR
5. CONTROL OF JERUSALEM AND KING SOLOMONS TEMPLE
Mother of All mind control organizations: The Tavistock Institute of Human Relations in London.
The sheer magnitude and complex web of deceit surrounding the individuals and organizations involved in this conspiracy is mind boggling, even for the most astute among us. Most people react with disbelief and scepticism towards the topic, unaware that they have been conditioned (brainwashed) to react with scepticism by institutional and media influences that were created by the Mother of All mind control organizations: The Tavistock Institute of Human Relations in London. Author and de-programmer Fritz Springmeier says that most people have built in "slides" that short circuit the mind's critical examination process when it comes to certain sensitive topics. "Slides", Springmeier reports, is a CIA term for a conditioned type of response which dead ends a person's thinking and terminates debate or examination of the topic at hand. For example, the mention of the word "conspiracy" often solicits a slide response with many people. Springmeier has co-authored three books on trauma-based programming which detail how the Illuminati employs highly tuned and extremely sophisticated Mind Control (MC) training programs that begin the programming process
while the intended victim is still within the womb. Mind Control is a much greater problem than most people realize.
What most Americans believe to be "Public Opinion" is in reality carefully crafted and scripted propaganda designed to elicit a desired behavioral response from the public. Public opinion polls are really taken with the intent of gauging the public's acceptance of the Illuminati's planned programs. A strong showing in the polls tells the Illuminati that the programing is "taking", while a poor showing tells the NWO manipulators that they have to recast or "tweak" the programming until the desired response is achieved. While the thrust and content of the propaganda is decided at Tavistock, implementation of the propaganda is executed in the United States by well over 200 'think tanks' such as the Rand Corporation and the Brookings Institute which are overseen and directed by the top NWO mind control organization in the United States, the Stanford Research Institute (SRI) in Menlo Park, California.
The general principles of the New World Order is that is a worldwide conspiracy being orchestrated by an extremely powerful and influential group of genetically-related individuals (at least at the highest echelons) which include many of the world's wealthiest people, top political leaders, and corporate elite, as well as members of the so-called Black Nobility of Europe (dominated by the British Crown) whose goal is to create a One World (fascist) Government, stripped of nationalistic and regional boundaries, that is obedient to their agenda. Their intention is to effect complete and total control over every human being on the planet and to dramatically reduce the world's population by 5.5 Billion people.
While the name New World Order is a term frequently used today when referring to this group, it's more useful to identify the principal organizations, institutions, and individuals who make up this vast interlocking spiderweb of elite conspirators.
The Illuminati is the oldest term commonly used to refer to the 13 family bloodlines (and their offshoots) that make up a major portion of this controlling elite (also known as the black nobility). The black nobility are wealthy European families that have ruled vast financial empires for the past fifteen hundred years. 'They are called the 'Black' nobility because of their constant use of dirty tricks, terrorism and unethical methods which they never hesitate to use against anyone who would dare to
stand in their way. These people are very closely allied to the "German Marshall Fund" which organizes and finances most of the work of the Club of Rome.
Most members of the Illuminati are also members in the highest ranks of numerous secretive and occult societies which in many cases extend straight back into the ancient world. The upper levels of the tightly compartmentalized (need-to-know-basis) Illuminati structural pyramid include planning committees and organizations that the public has little or no knowledge of. The upper levels of the Illuminati pyramid include secretive committees with names such as: the Council of 3, the Council of 5, the Council of 7, the Council of 9, the Council of 13, the Council of 33, the Grand Druid Council, the Committee of 300 (also called the "Olympians") and the Committee of 500 among others. In 1992, Dr John Coleman published Conspirators' Hierarchy: The Story of the Committee of 300.
With laudable scholarship and meticulous research, Dr Coleman identifies the players and carefully details the Illuminati agenda of worldwide domination and control. On page 161 of the Conspirators Hierarchy, Dr Coleman accurately summarizes the intent and purpose of the Committee of 300 as follows:
"A One World Government and one-unit monetary system, under permanent non-elected hereditary oligarchists who self-select from among their numbers in the form of a feudal system as it was in the Middle Ages. In this One World entity, population will be limited by restrictions on the number of children per family, diseases, wars, famines, until 1 billion people who are useful to the ruling class, in areas which will be strictly and clearly defined, remain as the total world population. There will be no middle class, only rulers and the servants. All laws will be uniform under a legal system of world courts practicing the same unified code of laws, backed up by a One World Government police force and a One World unified military to enforce laws in all former countries where no national boundaries shall exist. The system will be on the basis of a welfare state; those who are obedient and subservient to the One World Government will be rewarded with the means to live; those who are rebellious will simple be starved to death or be declared outlaws, thus a target for anyone who wishes to kill them. Privately owned firearms or weapons of any kind will be prohibited."
The image below shows that the power structure of the New World Order is based on an incredible network of masonic groups and secret societies which encompasses banking and finance, politics, education and the environment and religion.
The sheer magnitude and complex web of deceit surrounding the individuals and organizations involved in this conspiracy is mind boggling, even for the most astute among us. Most people reactwith disbelief and scepticism towards the topic, unaware that they have been conditioned (brainwashed) to react with scepticism by institutional and media influences that were created by the Mother of All mind control organizations: The Tavistock Institute of Human Relations in London.
Author and de-programmer Fritz Springmeier says that most people have built in "slides" that short circuit the mind's critical examination process when it comes to certain sensitive topics. "Slides", Springmeier reports, is a CIA term for a conditioned type of response which dead ends a person's thinking and terminates debate or examination of the topic at hand. For example, the mention of the word "conspiracy" often solicits a slide response with many people. Springmeier has co-authored
three books on trauma-based programming which detail how the Illuminati employs highly tuned and extremely sophisticated Mind Control (MC) training programs that begin the programming process while the intended victim is still within the womb. Mind Control is a much greater problem than most people realize.
What most Americans believe to be "Public Opinion" is in reality carefully crafted and scripted propaganda designed to elicit a desired behavioral response from the public. Public opinion polls are really taken with the intent of gauging the public's acceptance of the Illuminati's planned programs. A strong showing in the polls tells the Illuminati that the programing is "taking", while a poor showing tells the NWO manipulators that they have to recast or "tweak" the programming until the desired response is achieved. While the thrust and content of the propaganda is decided at Tavistock, implementation of the propaganda is executed in the United States by well over 200 'think tanks' such as the Rand Corporation and the Brookings Institute which are overseen and directed by the top NWO mind control organization in the United States, the Stanford Research Institute (SRI) in Menlo
Park, California.
4. A MASONIC BLUEPRINT TO LAUNCH THE WORLD ORDER THROUGH WAR
One of the problems facing bible prophecy today is modern surface level bible prophecy research that does not properly distinguish the fact that the Zionism concept has a deep sinister and demonic core to its true essence. Many bible prophecy evangelists such as John Hagee have done much to popularize the belief that by standing for Israel and a Zionist state that this provides you with favor in the eyes of God and fulfils the required obligation to support Israel as prophesied. Many end time
prophecy insights make reference to the special relationship between the United States, Britain and Israel and the fact that there is an inherent spiritual obligation of the so called Christian nations to support the Jewish people. Reference is given to the need to help the Jews rebuild their temple as this is a significant requirement not only in the end time calendar but also because such a temple would become a major icon within the Millennial reign of Christ on earth.
However the truth is that by a more in-depth and deeper understanding of global government policies uncovers definitive proof of a Jewish Masonic elitist goal to establish dictatorial Illuministic Communism and to enslave all of mankind under the thumb of a Jewish master race led by a world messiah of Jewish ancestry who is to rule from Jerusalem. This is not an anti-semetic stance but rather one that differentiates between Godly Jews from the line of Abraham and those Jews whose
apostasy has caused them to be an integral part of a major demonic plan.
The New World Order plan is historically known to have begun its implementation with Albert Pike in his monumental Freemasonry teaching guide entitled, "Morals And Dogma of the Ancient And Accepted Scottish Rite of Freemasonry".113 Pike was the Grand Commander of North American Freemasonry from 1859-1891 and was an extremely gifted intellectual.
• He was a certified genius
• He spoke 16 languages fluently
• He graduated from Harvard University
• He achieved rank of Brigadier General of Confederate Army in Civil War
• He was thoroughly familiar with the Jewish occult system known ad the Cabala
During his tenure, Pike caught a global vision of what Freemasonry could achieve, and so he turned his immense intellect toward achieving this vision. Consequently, he received a demonic vision, described below. On January 22, 1870, Pike and one of his international co-conspirators, Guiseppe Mazzini, published the Plan which would establish the New World Order. This Plan was kept very secret, only within Freemasonry circles since the time of its inception, known only to fellow occult Illuminist conspirators.
The secret Pike plan to control the world foresaw the need for three world wars. Note the date of this prediction: January 22, 1870. This date is 44 years before the beginning of World War I. Once you understand the facts we are about to share with you and realize the length of time between this prediction and the beginning of its fulfillment, you can understand how supernatural forces were truly in command.
The Masonic plan to overthrow the Judeo-Christian-Islamic Old World Order, and establish the Satanic New World Order foresaw the need for war. However, this war was not the type of warfare the world had seen historically. This war was to be on a much larger scale than history had ever recorded. This war was to be global, or world-wide.
The details of this Pike Plan {January 22, 1870} for three World Wars to establish the New World Order is as follows: (As you are reading this demonic prophecy, remember the occult concept of Thesis battling Antithesis to produce the new system, Synthesis. World Wars I & II were fought to establish Antithesis, to set up the Cold War, that "controlled conflict or threat of conflict" that would produce the new system, Synthesis).
I. The First World War was designed to enable the Czarist Government in Russia to be finally and completely overthrown. The new Russian government was foreseen to be atheistic and militaristic. Further, Pike specified that this new Russian Government was to be Communistic. Karl Marx had published his Communist Manifesto in 1848, exactly 22 years before this occultic prophecy through Albert Pike. Isn't it interesting that the occultic number 22 keeps popping up? The multiplier numbers, 44 and 66 also keep appearing, as you will see in a few moments. History records that this First World War did, indeed, occur just as listed, above. The Western powers in Europe, in
conjunction with the United States, financed Lenin's expedition into Russia, they financed his government consistently, and we have financed Russian Communism at least once per decade since then.
II. The Second World War was foreseen to originate between Great Britain and Germany. However, one of the planned results of this war was to strengthen the new Communist Russian government, so that it could weaken and destroy other governments and religions. History again records that the Second World War did, indeed, accomplish this objective. The war started when Germany invaded Poland, causing Great Britain to declare war on Germany. Very soon, the troika (3's) of powers were
set up to wage this war. The Black Magic occultists allied themselves when Germany linked with Italy and Japan; the White Magic occultists allied themselves together as Great Britain linked with the United States and Russia. Do not be deceived.
This war was fought between two New World Order forces, the "evil" alliance of the Axis Powers or the "good" alliance of the Allied Powers; the war was between the Black Magic forces against the White Magic forces. But, we shall return to this subject in more depth at a later time. Certainly, the Pike vision of the Second World War building Russian Communism into a super power was fulfilled to a startling degree. Historians have always been mystified as to how Churchill and Roosevelt could have given away all of Eastern Europe to the Soviets, when the preponderance of power was clearly against the Soviets. Clearly, when Roosevelt and Churchill ceded all of Eastern Europe to Russia, the Communist Government of Russia, now known as the U.S.S.R. {Union of Soviet Socialist Republics) completed its transition to a super power, exactly as Pike's vision had foretold. And, let us not forget that the Second World War had given Russia capabilities it had not possessed before the War. Not only did we build up the Russian military to a frightful degree, but we had also built entire factories East of Moscow that gave Russia an instant manufacturing base. Even though Russia had paid dearly in human lives during the War, they came out of the conflict a superpower. Thanks to Roosevelt, Russia now had a kingdom to go along with its new military and industrial base.
III. The Third World War was foreseen to be between Judaism and Islam. This prophecy is incredible in many ways, beginning with the understanding that this prophecy of a third world war occurred in 1870, a time when Israel did not exist as a nation, and when no one except Fundamentalist, Bible-believing Christians believed it would ever exist again. The demonic 'guiding spirits' of Freemasonry, and of the leaders of the New World Order Plan, are planning a final, definitive Third World War, which will begin between Israel and her Arab neighbors and spread to the entire world. Now, here is the most interesting aspect of this demonic plan; it fits with Scripture!! God foretold
Last Day's Judgment on the Arabs in several places, listed below!
In Obadiah, God foretells the destruction of the House of Esau, particularly the people of Edom, in the Last Days. God is promising this deliverance for the way in which these Arabs treated His chosen People. While severe judgment did fall upon the nation of Edom in 70 A.D., they were not wiped out
as a people, nor was the destruction at the hands of Israel, as Verse 18 foretells, nor was it the fulfillment of the final days' judgment, which the Bible consistently labels the "Day Of The Lord"
{Verse 15}
Joel 2:18-3:21, God foretells tremendous judgment of all nations in the world, starting with the Arabs, beginning when God "reverses the captivity" and "restores the fortunes" of Israel, a date we know as May 14, 1948. Read this passage carefully, and you will see the hand of God foretelling judgment swirling all around Israel after she is restored to her land. Joel 2:30-31 seem to foretell nuclear war at this time.
While Israel will escape physical destruction by the miraculous power of God, she will be in so much danger that God Himself will supernaturally protect her. In Daniel 12:1, we see that, in the time of the End, Israel will be in such danger that "Michael shall arise to defend your [Daniel's] people [Israel]."
Therefore, we can place great emphasis and credibility in this demonic vision of the Third World War. Out of the smoke and destruction of this War, Antichrist will stride triumphantly, to put an end to the War, to finally give the embattled world "Peace and Safety". But, as 1 Thessalonians 5:1-4 foretells,
when people are saying this, the world will explode in destruction. The current events in Israel, where she is giving up "land for peace" makes no sense any other way.
Israel's leaders, some of whom are former generals in the Army, have lent their support to this idiotic plan. Militarily, this plan is a disaster, for it allows the Arabs a permanent home so deep within Israel that the military might not be able to successfully defend Israel if the attack comes from within the
Palestinian State.
The Jewish Orthodox community is overwhelmingly of the opinion that this "Peace Plan" is a recipe for war, not peace. They are right; that is the plan. Why, you ask, are so many Israeli leaders, who should know better, creating and supporting this plan of giving the Palestinians a state, and giving up the Golan Heights? There are three reasons:
1. They are Humanists, and therefore, are capable of being deceived by Satan
2. They have been given "concrete" assurances by the Western Powers that their security will be "guaranteed" if they agree to this plan.
3. Many of them are Freemasons and follow the Talmud and Jewish Cabala Isaiah alludes to these covenants by the leaders of Israel as covenants with death. In Isaiah 28:18 “And your covenant with death shall be disannulled., and your agreement with hell shall not stand; when the
overflowing scourge shall pass through, then ye shall be trodden down by it.”
5. CONTROL OF JERUSALEM AND KING SOLOMONS TEMPLE
In the classic treatise of the Masons, “Morals and Dogma”, authored by the late Sovereign Grand Commander of the Scottish Rite, Albert Pike, 113 we discover the revelation that the Jewish cabala is the very basis of Masonic practice and ritual and that the cabalistic "Theology of the Sephiroth" is at the root of all Masonic knowledge. This, admits Pike, is "high magic," the "Sacerdotal Art," and the "Royal Art. In “Morals and Dogma” Albert Pike also details a specific Masonic agenda to blow up and to utterly destroy and remove from the Temple mount both the Islamic Mosque of Omar and the Goldendomed structure known as the "Dome of the Rock" despised by Orthodox Jewish rabbis and the secularist Masonic Illuminists alike. It is planned that these two Islamic religious edifices will be brought down by Israeli defense forces possibly by missiles, sapper bombs, laser bursts, or other means. Naturally, this atrocity will be planned in the chaotic midst of an ongoing war, and the disaster will be scandalously blamed on the Arabs. It will be said that an errant Arab missile or bomb is responsible. The end goal is to clear the Dome of the Rock and make space for the establishment of Solomon’s Temple. "Of all the objects which constitute the Masonic science of symbolism, the most important, the most cherished, by the Mason, and by far the most significant, is the Temple of Jerusalem. The spiritualizing of the Temple is the first, the most prominent and the most pervading, of all symbols of Freemasonry ... Take from Freemasonry its dependence on the Temple; leave out of its ritual all references to that sacred edifice, and to the legends and traditions connected with it,
and the system itself would at once decay and die ... "
Therefore, the first understanding to grasp is that Freemasonry is absolutely, completely, 100% devoted to the Solomon Temple, without which the entire structure and foundation of Freemasonry would die! Thus does Masonry stand in stark contrast to genuine, Biblical Christianity. In other words, Freemasonry is rooted at its deepest foundation to the First Covenant of the Old Testament, while Biblical Christianity is rooted to the Second Covenant of Jesus Christ as delineated in the New
Testament. In the Masonic Bible, the author of the Foreword sheds some further light upon the importance of Solomon's Temple to Freemasonry. "The traditions and romance of King Solomon's Temple are of great interest to everyone who reads the Bible. They are of transcendent importance to Masons. The Temple is the outstanding symbol in Masonry, and the legendary story of the building of the Temple is the fundamental basis of the Masonic rule and guide for conduct in life ... The cream of Masonic historical and philosophical writing has been drawn upon for his description of the Temple and its relation to Masonic ritual."
Then shall come a prophesied Masonic Temple of All Religions to be built on the very spot from where the debris and ashes of the Moslem structures will be bulldozed off and cleared. Through its golden portals shall pass the New Zionist Messiah, King of Planet Earth. Before its evil altar he shall announce to all the world, via television, that their Universal Savior has finally come, a man knowledgeable of "the Holy Kabbalah, the exclusive heritage of the people of Israel.”
The pretext for the First Crusade—recovery of the Temple treasures and sacred sites—concealed the real motive of the Merovingians, which was to rebuild the ancient Temple of Solomon. In the Chapter
“Knight Kadosh” of Morals and Dogma, Albert Pike wrote of the Crusader Knights of the Temple:
"In 1118, nine Knights Crusaders in the East, among whom were Geoffroi de Saint-Omer and Hugues de Payens, consecrated themselves to religion, and took an oath between the hands of the Patriarch of Constantinople, a See always secretly or openly hostile to that of Rome from the time of Photius. The avowed objective of the Templars was to protect the Christians who came to visit the Holy Places: their secret object was the re-building of the Temple of Solomon on the model prophesied by Ezekiel.”
“This re-building, formally predicted by the Judaizing Mystics of the earlier ages, had become the secret dream of the Patriarchs of the Orient. The Temple of Solomon, re-built and consecrated to the Catholic worship would become, in effect, the Metropolis of the Universe; the East would prevail over the West, and the Patriarchs of Constantinople would possess themselves of the Papal power.” “The Templars, or Poor Fellow-Soldiery of the Holy House of the Temple intended to be rebuilt, took as their models, in the Bible, the Warrior-Masons of Zorobabel, who worked, holding the sword in one hand and the trowel in the other.
Therefore it was that the Sword and the Trowell were the insignia of the Templars, who subsequently, as will be seen, concealed themselves under the name of Brethren Masons. [This name, Freres Macons in the French, adopted by way of secret reference to the Builders of the Second Temple, was corrupted in English into Free-Masons, as Pythagore de Crotone was into Peter Gower of Groton in England. Khairum or Khur-um, (a name mis-rendered into Hiram) from an artificer in brass and other metals, became the Chief Builder of the Haikal Kadosh, the Holy House, of the Temple,... and the words Bonai and Banaim yet appear in the Masonic Degrees, meaning Builder and Builders.)”
"The trowel of the Templars is quadruple, and the triangular plates of it are arranged in the form of a cross, making the Kabalistic pantacle known by the name of the Cross of the East. The Knight of the East, and the Knight of the East and West, have in their titles secret allusions of whom they were at first the successors." 113
The rise of Masons to political power in Israel dates back to 1948 and to Israel's founding as a modern-day nation. David Ben-Gurion, its first Prime Minister, was both a Mason and an avowed Marxist-Leninist and Communist. Since that time, every single Prime Minister has been a high-level Mason, including Golda Meier, who was a member of the women's organization, the Co-Masons. In The Jerusalem Post (November 1994) was an advertisement placed by "The Grand Lodge of the State of Israel." The display ad was addressed "To the Masons of Peace," and listed: "The Honorable Yitzak Rabin, Prime Minister of Israel," "His Majesty, King Hussein of Jordan," and "The Honorable Bill Clinton, President of the United States."
The ad closed with these fascinating words "With warm fraternal congratulations on the signing of the peace agreement between Israel and
Jordan." Signed - Ephraim Fuchs, President of the Israel Order of Masons."
In 1993 in Jerusalem, a celebration of political Masons was held. According to the respected Italian
newspaper La Republica (October 1993), in an article entitled, "Israel: There is a Pact Between
Politicians and Masons," the ceremony was attended by the Mayor of Jerusalem, Teddy Kollek, as
well as by the Ashkenazi Chief Rabbi, Israel Meier Lau. Kollek told the gathered Masons, "You do a great honor to Jerusalem.” This is natural, considering that King Solomon was the great builder of the temple, which is at the roots of the Masonic idea." At that same ceremony, sponsored by the "Grand Lodge of the State of Israel," Rabbi Lau stated that, "The principles of Freemasonry are all contained in the Book of Books of the Jewish people." Former Prime Minister Benjamin Netanyahu has publicly stated (see the Israeli publication Shishi, Spring 1994) that he was initiated into the Masonic Lodge while in the United States. The La Republica newspaper stated that Prime Minister Yitzak Rabin was active in Masonry and estimated there are 4,000 Israeli Freemasons, divided into 76 lodges. Most Israeli judges and religious figures are Masons. Rothschild-supported Hebrew University in Israel has erected an Egyptian obelisk, symbol of Freemasonry, in its courtyard, and inside the new Israeli Supreme Court building is a law library architecturally designed in the shape of an Egyptian pyramid.
Once you understand that Middle Eastern events are being driven by this fervent Masonic desire to rebuild Solomon's Temple on the Temple Mount in Jerusalem, then you will be able to make sense of what is occurring over there today. To finally realize this dream, control of Jerusalem generally, and of the Temple Mount, especially, must pass from Israeli control; but it must not pass to Arab control.
Rather, control of Jerusalem must pass to the Illuminized International Community. Once you understand this it then changes your whole perception on understanding who the antichrist is. The Masonic "preoccupation" with Jerusalem is pulling all the nations of the world together against Jerusalem. Literally, out of the smoke, devastation, and terror of the planned World War III, The apostate Christ shall come striding, just as Peter Lemesurier indicated in his book, "The Armageddon Script".116 Islam and Arabs need to understand that they are targeted for extinction, as their strongly monotheistic religion is not compatible with the coming world government philosophy of governance.
In the masonic hallmark "Morals and Dogma", Grandmaster Free Mason of the Scottish Rite, Albert
Pike defines the New World Order as emerging after an apocalyptic World War III which will see a
major clash between the forces of Islam and the Zionist West. It is likely that such a war will be
triggered or influenced by an attempt whether successful or unsuccessful to remove the Muslim
Dome of the Rock and the Al Aqsa Mosque in Jerusalem.
It has long been known that the Jesuit Order has been planning to accomplish a feat through a
number of secret covert masonic zionist intelligence agencies such as Mossad. The Jesuit Order is
closely integrated with the masonic lodges and both are fully aware that Solomon's Temple could
never be built without significant hostility from the Muslim world should the Dome of the Rock still
exist whilst trying to build the Jewish third temple only a matter of a few hundred yards away.
Unfortunately many bible prophecy scholars have showed tremendous excitement at seeing any
evidence of the rebuilding of the Jewish Temple because this is a significant prophetical requirement
to fulfil Daniel 9:27 which indicates that the Levitical priesthood and temple sacrifices will commence.
However many do not realise that there is a parallel objective here and neither do they distinguish
between "Torah" following Jews and "Apostate Jews" who follow the Kabbala, Babylonian Talmud
and who fulfil Isaiah 28:18.
The rebuilding of Solomon’s Temple ties into the several references that the Bible makes to a future
event called the "abomination of desolation" in which it is likely that the conservative Jews (who
follow the Torah) will have their role stripped as the masonic apostate Jews and the global elite (who
follow the Talmud) will seize full control in which their own world leader dictator and false messiah
will be revealed. "... In all the rich symbolism of Ancient Craft Masonry two symbols, or symbolic themes, predominate. One is the search for light; the other is the labor of building. The source of light is the Holy Bible, and the grand representation of the builder's art is King Solomon's Temple .... It was natural that imaginative stone Masons, long before the development of anything like our modern fraternity, should have felt a kinship with the great builders of all ages. It was natural also that they should have acknowledge a peculiar attraction for the most famous and glorious of all building enterprises, King Solomon's Temple and Citadel. Interest and attraction for the wonderful structure on Mt. Moriah have increased rather than diminished ... until today the Temple of Solomon is the spiritual home of every Mason." [Masonic Holy Bible, Temple Illustrated Edition, A.J. Holman Co., 1968, p. 11-14]Once you understand that Middle Eastern events are being driven by this fervent Masonic desire to
rebuild Solomon's Temple on the Temple Mount in Jerusalem, then you will be able to make sense of
what is occurring over there today. To finally realize this dream, control of Jerusalem generally, and
of the Temple Mount, especially, must pass from Israeli control; but it must not pass to Arab control.
Rather, control of Jerusalem must pass to the Illuminized International Community under the control
of the black nobility families who control the world.
8. Extracts of INL News Report on New World Order - Barrack Obama-
2008 BANKING COLLAPSE ESCALATES WORLD GOVERNMENT FORMATION
UNDERSTANDING THE WORLD GOVERNMENT AGENDA
EMERGENCE OF REGIONAL CURRENCIES
A “NEW WORLD ORDER” IN BANKING
"International governance tends to be effective, only when it is anti-democratic.” an adviser to French President Nicolas Sarkozy Rachman
In February of 2009, the Times Online reported that a
“New world order in banking [is] necessary,” and that,
“It is increasingly evident that the world needs a new banking system and
that it should not bear much resemblance to the one that has failed so spectacularly.”
But of course, the ones that are shaping this new banking system
are the champions of the previous banking system.
The solutions that will follow are simply the extensions of the current system,
only sped up through them necessity posed by the current crisis.
In November of 2008, The National, a prominent United Arab Emirate newspaper, reported on Baron David de Rothschild accompanying Prime Minister Gordon Brown on a visit to the Middle East, although not as a “part of the official party” accompanying Brown. Following an interview with the Baron, it was reported that, “Rothschild shares most people’s view that there is a new world order. In his opinion, banks will deleverage and there will be a new form of global governance.”
In April of 2009, Robert Zoellick, President of the World Bank, said that, “If leaders are serious about
creating new global responsibilities or governance, let them start by modernizing multilateralism to
empower the WTO, the IMF, and the World Bank Group to monitor national policies.”
David Rothkopf, a scholar at the Carnegie Endowment for International Peace, former Deputy
Undersecretary of Commerce for International Trade in the Clinton administration, and former
managing director of Kissinger and Associates, and a member of the Council on Foreign Relations,
recently wrote a book titled, Superclass: The Global Power Elite and the World They are Making, of
which he is certainly a member. When discussing the role and agenda of the global “superclass”, he
states that, “In a world of global movements and threats that don’t present their passports at
national borders, it is no longer possible for a nation-state acting alone to fulfill its portion of the
social contract.” He writes that, “even the international organizations and alliances we have today, flawed as they are, would have seemed impossible until recently, notably the success of the European Union – a unitary democratic state the size of India. The evolution and achievements of such entities against all odds suggest not isolated instances but an overall trend in the direction of what Tennyson called “the Parliament of Man,” or ‘universal law’.”
He states that he is “optimistic that progress will continue to be made,” but it will be difficult, because it “undercuts many national and local power structures and cultural concepts that have foundations deep in the bedrock of human civilization, namely the notion of sovereignty.”
He quoted an adviser to French President Nicolas Sarkozy as saying, “Global governance is just a euphemism for global government,” and that the “core of the international financial crisis is that we
have global financial markets and no global rule of law.” However, Rachman states that any push towards a global government “will be a painful, slow process.” He then states that a key problem in this push can be explained with an example from the EU, which “has suffered a series of humiliating defeats in referendums, when plans for “ever closer union” have been referred to the voters. In general, the Union has progressed fastest when far-reaching deals have been agreed by technocrats
and politicians – and then pushed through without direct reference to the voters.
"International governance tends to be effective, only when it is anti-democratic.” an adviser to French President Nicolas Sarkozy Rachman
A NEW BRETTON-WOODS
In October of 2008, Gordon Brown, Prime Minister of the UK, said that we “must have a new Bretton
Woods - building a new international financial architecture for the years ahead.” He continued in
saying that, “we must now reform the international financial system around the agreed principles of
transparency, integrity, responsibility, good housekeeping and co-operation across borders.” An
article in the Telegraph reported that Gordon Brown would want “to see the IMF reformed to
become a ‘global central bank’ closely monitoring the international economy and financial system.” 252
On October 17, 2008, Prime Minister Gordon Brown wrote an op-ed in the Washington Post in which
he said, “This week, European leaders came together to propose the guiding principles that we
believe should underpin this new Bretton Woods: transparency, sound banking, responsibility,
integrity and global governance. We agreed that urgent decisions implementing these principles
should be made to root out the irresponsible and often undisclosed lending at the heart of our
problems. To do this, we need cross-border supervision of financial institutions; shared global
standards for accounting and regulation; a more responsible approach to executive remuneration
that rewards hard work, effort and enterprise but not irresponsible risk-taking; and the renewal of
our international institutions to make them effective early-warning systems for the world economy.”
In early October 2008, it was reported that, “as the world's central bankers gather this week in Washington DC for an IMF-World Bank conference to discuss the crisis, the big question they face is whether it is time to establish a global economic "policeman" to ensure the crash of 2008 can never be repeated.” Further, “any organization with the power to police the global economy would have to
include representatives of every major country – a United Nations of economic regulation.” A former governor of the Bank of England suggested that, “the answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS),” however, “The problem is that it has no teeth. The IMF tends to couch its warnings about economic problems in very diplomatic
language, but the BIS is more independent and much better placed to deal with this if it is given the power to do so.”
UNDERSTANDING THE WORLD GOVERNMENT AGENDA
A GLOBAL CURRENCY
The Phoenix
In 1988, The Economist ran an article titled, Get Ready for the Phoenix, in which they wrote, “THIRTY
years from now, Americans, Japanese, Europeans, and people in many other rich countries and some
relatively poor ones will probably be paying for their shopping with the same currency. Prices will be
quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by
companies and shoppers because it will be more convenient than today's national currencies, which
by then will seem a quaint cause of much disruption to economic life in the late twentieth century.”
The article stated that, “The market crash [of 1987] taught [governments] that the pretence of policy
cooperation can be worse than nothing, and that until real co-operation is feasible (ie, until
governments surrender some economic sovereignty) further attempts to peg currencies will
flounder.” Amazingly the article states that, “Several more big exchange-rate upsets, a few more
stockmarket crashes and probably a slump or two will be needed before politicians are willing to face
squarely up to that choice. This points to a muddled sequence of emergency followed by patch-up
followed by emergency, stretching out far beyond 2018-except for two things. As time passes, the
damage caused by currency instability is gradually going to mount; and the very trends that will make
it mount are making the utopia of monetary union feasible.”
Further, the article stated that, “The phoenix zone would impose tight constraints on national
governments. There would be no such thing, for instance, as a national monetary policy. The world
phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world
inflation rate-and hence, within narrow margins, each national inflation rate-would be in its charge.
Each country could use taxes and public spending to offset temporary falls in demand, but it would
have to borrow rather than print money to finance its budget deficit.” The author admits that, “This
means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are
taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates,
individual governments have seen their policy independence checked by an unfriendly outside
world.”
The article concludes in stating that, “The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.” The
last sentence states, “Pencil in the phoenix for around 2018, and welcome it when it comes.”
A “NEW WORLD ORDER” IN BANKING
In March of 2008, following the collapse of Bear Stearns, Reuters reported on a document released by research firm CreditSights, which said that, “Financial firms face a ‘new world order’,” and that, “More industry consolidation and acquisitions may follow after JPMorgan Chase & Co.” Further, “In the event of future consolidation, potential acquirers identified by CreditSights include JPMorganChase, Wells Fargo, US Bancorp, Goldman Sachs and Bank of America.” In June of 2008, before he was Treasury Secretary in the Obama administration, Timothy Geithner, as head of the New York Federal Reserve, wrote an article for the Financial Times following his attendance at the 2008 Bilderberg conference, in which he wrote that, “Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework,” and he said that, “the US Federal Reserve should play a "central role" in the new regulatory framework, working closely with supervisors in the US and around the world.”
In November of 2008, The National, a prominent United Arab Emirate newspaper, reported on Baron David de Rothschild accompanying Prime Minister Gordon Brown on a visit to the Middle East, although not as a “part of the official party” accompanying Brown. Following an interview with the Baron, it was reported that, “Rothschild shares most people’s view that there is a new world order. In his opinion, banks will deleverage and there will be a new form of global governance.”
In February of 2009, the Times Online reported that a “New world order in banking [is] necessary,” and that, “It is increasingly evident that the world needs a new banking system and that it should not bear much resemblance to the one that has failed so spectacularly.” 306 But of course, the ones that are shaping this new banking system are the champions of the previous banking system. The solutions that will follow are simply the extensions of the current system, only sped up through the necessity posed by the current crisis.
AN EMERGING GLOBAL GOVERNMENT
A recent article in the Financial Post stated that, “The danger in the present course is that if the world moves to a “super sovereign” reserve currency engineered by experts, such as the “UN Commission of Experts” led by Nobel laureate economist Joseph Stiglitz, we would give up the possibility of a spontaneous money order and financial harmony for a centrally planned order and the politicization of money. Such a regime change would endanger not only the future value of money but, more
importantly, our freedom and prosperity.” Further, “An uncomfortable characteristic of the new world order may well turn out to be that global income gaps will widen because the rising powers, such as China, India and Brazil, regard those below them on the ladder as potential rivals.” The author further states that, “The new world order thus won't necessarily be any better than the old one,” and that, “What is certain, though, is that global affairs are going to be considerably different from now on.”
In April of 2009, Robert Zoellick, President of the World Bank, said that, “If leaders are serious about creating new global responsibilities or governance, let them start by modernizing multilateralism to empower the WTO, the IMF, and the World Bank Group to monitor national policies.” David Rothkopf, a scholar at the Carnegie Endowment for International Peace, former Deputy Undersecretary of Commerce for International Trade in the Clinton administration, and former managing director of Kissinger and Associates, and a member of the Council on Foreign Relations, recently wrote a book titled, Superclass: The Global Power Elite and the World They are Making, of
which he is certainly a member. When discussing the role and agenda of the global “superclass”, he states that, “In a world of global movements and threats that don’t present their passports at national borders, it is no longer possible for a nation-state acting alone to fulfill its portion of the social contract.” He writes that, “even the international organizations and alliances we have today, flawed as they are, would have seemed impossible until recently, notably the success of the European Union – a unitary democratic state the size of India. The evolution and achievements of such entities against all odds suggest not isolated instances but an overall trend in the direction of what Tennyson called “the Parliament of Man,” or ‘universal law’.” He states that he is “optimistic that progress will continue to be made,” but it will be difficult, because it “undercuts many national and local power structures and cultural concepts that have foundations deep in the bedrock of human civilization, namely the notion of sovereignty.”
Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF's power to create money and begin global "quantitative easing". In doing so, they are putting a de facto world
currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”
The article continued in stating that, “There is now a world currency in waiting. In time, SDRs are likely to evolve into a parking place for the foreign holdings of central banks, led by the People's Bank of China.” Further, “The creation of a Financial Stability Board looks like the first step towards a global financial regulator,” or, in other words, a global central bank.
It is important to take a closer look at these “solutions” being proposed and implemented in the midst of the current global financial crisis. These are not new suggestions, as they have been in the plans of the global elite for a long time. However, in the midst of the current crisis, the elite have fasttracked their agenda of forging a New World Order in finance. It is important to address the background to these proposed and imposed “solutions” and what effects they will have on the International Monetary System (IMS) and the global political economy as a whole.
A NEW BRETTON-WOODS
In October of 2008, Gordon Brown, Prime Minister of the UK, said that we “must have a new Bretton Woods - building a new international financial architecture for the years ahead.” He continued in saying that, “we must now reform the international financial system around the agreed principles of
transparency, integrity, responsibility, good housekeeping and co-operation across borders.” An article in the Telegraph reported that Gordon Brown would want “to see the IMF reformed to become a ‘global central bank’ closely monitoring the international economy and financial system.” On October 17, 2008, Prime Minister Gordon Brown wrote an op-ed in the Washington Post in which he said, “This week, European leaders came together to propose the guiding principles that we believe should underpin this new Bretton Woods: transparency, sound banking, responsibility, integrity and global governance. We agreed that urgent decisions implementing these principles
should be made to root out the irresponsible and often undisclosed lending at the heart of our problems. To do this, we need cross-border supervision of financial institutions; shared global standards for accounting and regulation; a more responsible approach to executive remuneration that rewards hard work, effort and enterprise but not irresponsible risk-taking; and the renewal of our international institutions to make them effective early-warning systems for the world economy.”
In early October 2008, it was reported that, “as the world's central bankers gather this week in Washington DC for an IMF-World Bank conference to discuss the crisis, the big question they face is whether it is time to establish a global economic "policeman" to ensure the crash of 2008 can never
be repeated.” Further, “any organization with the power to police the global economy would have to include representatives of every major country – a United Nations of economic regulation.”
A former governor of the Bank of England suggested that, “the answer might already be staring us in the face, in the form of the Bank for International Settlements (BIS),” however, “The problem is that it has no teeth. The IMF tends to couch its warnings about economic problems in very diplomatic
language, but the BIS is more independent and much better placed to deal with this if it is given the
power to do so.”
On January 1, 1999, the European Union established the Euro as its regional currency. The Euro has grown in prominence over the past several years. However, it is not to be the only regional currency in the world. There are moves and calls for other regional currencies throughout the world. In 2007, Foreign Affairs, the journal of the Council on Foreign Relations, ran an article titled, The End of National Currency, in which it began by discussing the volatility of international currency markets,
and that very few “real” solutions have been proposed to address successive currency crises. The author poses the question, “will restoring lost sovereignty to governments put an end to financial instability?” He answers by stating that, “This is a dangerous misdiagnosis,” and that, “The right course is not to return to a mythical past of monetary sovereignty, with governments controlling local interest and exchange rates in blissful ignorance of the rest of the world. Governments must let go of
the fatal notion that nationhood requires them to make and control the money used in their territory. National currencies and global markets simply do not mix; together they make a deadly brew of currency crises and geopolitical tension and create ready pretexts for damaging protectionism. In order to globalize safely, countries should abandon monetary nationalism and abolish unwanted currencies, the source of much of today's instability.”
The author explains that, “Monetary nationalism is simply incompatible with globalization. It has always been, even if this has only become apparent since the 1970s, when all the world's governments rendered their currencies intrinsically worthless.” The author states that, “Since economic development outside the process of globalization is no longer possible, countries should abandon monetary nationalism. Governments should replace national currencies with the dollar or the euro or, in the case of Asia, collaborate to produce a new multinational currency over a comparably large and economically diversified area.” Essentially, according to the author, the solution lies in regional currencies.
In October of 2008, “European Central Bank council member Ewald Nowotny said a ``tri-polar'' global currency system is developing between Asia, Europe and the U.S. and that he's skeptical the U.S. dollar's centrality can be revived.”
The Union of South American Nations
The Union of South American Nations (UNASUR) was established on May 23, 2008, with the headquarters to be in Ecuador, the South American Parliament to be in Bolivia, and the Bank of the South to be in Venezuela. As the BBC reported, “The leaders of 12 South American nations have formed a regional body aimed at boosting economic and political integration in the region,” and that, “The Unasur members are Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay,
Peru, Suriname, Uruguay and Venezuela.” The week following the announcement of the Union, it was reported that, “Brazilian President Luiz
Inacio Lula da Silva said Monday that South American nations will seek a common currency as part of the region's integration efforts following the creation of the Union of South American Nations.” He was quoted as saying, “We are proceeding so as, in the future, we have a common central bank and a common currency.”
The Gulf Cooperation Council and a Regional Currency In 2005, the Gulf Cooperation Council (GCC), a regional trade bloc among Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE), announced the goal of creating a single common currency by 2010. It was reported that, “An economically united and efficient GCC is clearly a more interesting proposition for larger companies than each individual economy, especially given the impediments to trade evident within the region. This is why trade relations within the GCC have been a core focus of late.” Further, “The natural extension of this trend for increased integration is to
introduce a common currency in order to further facilitate trade between the different countries.” It was announced that, “the region's central bankers had agreed to pursue monetary union in a similar fashion to the rules used in Europe.”
In June of 2008, it was reported that, “Gulf Arab central bankers agreed to create the nucleus of a joint central bank next year in a major step forward for monetary union but signaled that a new common currency would not be in circulation by an agreed 2010 target.” 260 In 2002, it was announced that the “Gulf states say they are seeking advice from the European Central Bank on their monetary union programme.” In February of 2008, Oman announced that it would not be joining the
monetary union. In November of 2008, it was announced that the “Final monetary union draft says Gulf central bank will be independent from governments of member states.”
In March of 2009, it was reported that, “The GCC should not rush into forming a single currency as member states need to work out the framework for a regional central bank, Saudi Arabia's Central Bank Governor Muhammad Al Jasser.” Jasser was further quoted as saying, “It took the European
Union 45 years to put together a single currency. We should not rush.” In 2008, with the global financial crisis, new problems were posed for the GCC initiative, as “Pressure mounted last year on the GCC members to drop their currency pegs as inflation accelerated above 10 per cent in five of the six countries. All of the member states except Kuwait peg their currencies to the dollar and tend to follow the US Federal Reserve when setting interest rates.”
An Asian Monetary Union
In 1997, the Brookings Institution, a prominent American think tank, discussed the possibilities of an East Asian Monetary Union, stating that, “the question for the 21st century is whether analogous monetary blocs will form in East Asia (and, for that matter, in the Western Hemisphere). With the dollar, the yen, and the single European currency floating against one another, other small open economies will be tempted to link up to one of the three.” However, “the linkage will be possible only if accompanied by radical changes in institutional arrangements like those contemplated by the European Union. The spread of capital mobility and political democratization will make it
prohibitively difficult to peg exchange rates unilaterally. Pegging will require international cooperation, and effective cooperation will require measures akin to monetary unification.” 263
In 2001, Asia Times Online wrote an article discussing a speech given by economist Robert A. Mundell at Bangkok's Chulalongkorn University, at which he stated that, “[t]he "Asean plus three" (the 10 members of the Association of Southeast Asian Nations plus China, Japan, and Korea) ‘should look to
the European Union as a model for closer integration of monetary policy, trade and eventually,
currency integration’.”
On May 6, 2005, the website of the Association of Southeast Asian Nations (ASEAN) announced that, “China, Japan, South Korea and the 10 members of the Association of Southeast Asian Nations (ASEAN) have agreed to expand their network of bilateral currency swaps into what could become a virtual Asian Monetary Fund,” and that, “[f]inance officials of the 13 nations, who met in the sidelines of the Asian Development Bank (ADB) annual conference in Istanbul, appeared determined to turn
their various bilateral agreements into some sort of multilateral accord, although none of the officials would directly call it an Asian Monetary Fund.”
In August of 2005, the San Francisco Federal Reserve Bank published a report on the prospects of an East Asian Monetary Union, stating that East Asia satisfies the criteria for joining a monetary union, however, it states that compared to the European initiative, “The implication is that achieving any
monetary arrangement, including a common currency, is much more difficult in East Asia.” It further states that, “In Europe, a monetary union was achievable primarily because it was part of the larger process of political integration,” however, “There is no apparent desire for political integration in East
Asia, partly because of the great differences among those countries in terms of political systems, culture, and shared history. As a result of their own particular histories, East Asian countries remain particularly jealous of their sovereignty.”
Another major problem, as presented by the San Francisco Fed, is that, “East Asian governments appear much more suspicious of strong supranational institutions,” and thus, “in East Asia, sovereignty concerns have left governments reluctant to delegate significant authority to supranational bodies, at least so far.” It explains that as opposed to the steps taken to create a monetary union in Europe, “no broad free trade agreements have been achieved among the largest
countries in the region, Japan, Korea, Taiwan, and China.” Another problem is that, “East Asia does not appear to have an obvious candidate for an internal anchor currency for a cooperative exchange rate arrangement. Most successful new currencies have been started on the back of an existing currency, establishing confidence in its convertibility, thus linking the old with the new.”
The report concludes that, “exchange rate stabilization and monetary integration are unlikely in the near term. Nevertheless, East Asia is integrating through trade, even without an emphasis on formal trade liberalization agreements,” and that, “there is evidence of growing financial cooperation in the region, including the development of regional arrangements for providing liquidity during crises through bilateral foreign exchange swaps, regional economic surveillance discussions, and the
development of regional bond markets.” Ultimately, “East Asia might also proceed along the same path [as Europe], first with loose agreements to stabilize currencies, followed later by tighter agreements, and culminating ultimately in adoption of a common anchor—and, after that, maybe an East Asia dollar.”
In 2007, it was reported that, “Asia may need to establish its own monetary fund if it is to cope with future financial shocks similar to that which rocked the region 10 years ago,” and that, “Further Asian financial integration is the best antidote for Asian future financial crises.” In September of 2007, Forbes reported that, “An East Asian monetary union anchored by Japan is feasible but the region lacks the political will to do it, the Asian Development Bank said.” Pradumna
Rana, an Asian Development Bank (ADB) economist, said that, “it appears feasible to establish amcurrency union in East Asia -- particularly among Indonesia, Japan, (South) Korea, Malaysia, Philippines, Singapore and Thailand,” and that, “The economic potential for monetary integration in Asia is strong, even though the political underpinnings of such an accord are not yet in place.”
Further, “the real integration at the trade levels 'will actually reinforce the economic case for monetary union in Asia, in a similar way that real-sector integration did so in Europe,” and ultimately, “the road to an Asian monetary union could proceed on a 'multi-track, multi-speed' basis with a seamless Asian free trade area the goal on the trade side.” 268 In April of 2008, it was reported that, “ASEAN bank deputy governors and financial deputy ministers have met in Vietnam's central Da Nang
city, discussing issues on the financial and monetary integration and cooperation in the region.” 269
African Monetary Union
Currently, Africa has several different monetary union initiatives, as well as some existing monetary unions within the continent. One initiative is the “monetary union project of the Economic Community of West African States (ECOWAS),” which is a “regional group of 15 countries in West
Africa.” Among the members are those of an already-existing monetary union in the region, the West African Economic and Monetary Union (WAEMU). The ECOWAS consists of Benin, Burkina Faso, Cote d’Ivoire, Guinea, Guinea Bissau, Mali, Niger, Senegal, Sierra Leone, Togo, Cape Verde, Liberia, Ghana, Gambia, and Nigeria.
The African Union was founded in 2002, and is an intergovernmental organization consisting of 53 African states. In 2003, the Brookings Institution produced a paper on African economic integration. In it, the authors started by stating that, “Africa, like other regions of the world, is fixing its sights on creating a common currency. Already, there are projects for regional monetary unions, and the bidding process for an eventual African central bank is about to begin.” It states that, “A common
currency was also an objective of the Organization for African Unity and the African Economic Community, the predecessors of the AU,” and further, that, “The 1991 Abuja Treaty establishing the African Economic Community outlines six stages for achieving a single monetary zone for Africa that were set to be completed by approximately 2028. In the early stages, regional cooperation and integration within Africa would be strengthened, and this could involve regional monetary unions.
The final stage involves the establishment of the African Central Bank (ACB) and creation of a single African currency and an African Economic and Monetary Union.”
The paper further states that the African Central Bank (ACB) “would not be created until around 2020, [but] the bidding process for its location is likely to begin soon,” however, “there are plans for creating various regional monetary unions, which would presumably form building blocks for the single African central bank and currency.”
In August of 2008, “Governors of African Central Banks convened in Kigali Serena Hotel to discuss issues concerning the creation of three African Union (AU) financial institutions,” following “the AU resolution to form the African Monetary Fund (AMF), African Central Bank (ACB) and the African Investment Bank (AIB).” The central bank governors “agreed that when established, the ACB would solely issue and manage Africa's single currency and monetary authority of the continent's economy.”
On March 2, 2009, it was reported that, “The African Union will sign a memorandum of understanding this month with Nigeria on the establishment of a continental central bank,” and that,
“The institution will be based in the Nigerian capital, Abuja, African Union Commissioner for Economic Affairs Maxwell Mkwezalamba told reporters.” Further, “As an intermediate step to the creation of the bank, the pan- African body will establish an African Monetary Institute within the next three years, he said at a meeting of African economists in the city,” and he was quoted as saying,
“We have agreed to work with the Association of African Central Bank Governors to set up a joint technical committee to look into the preparation of a joint strategy.”
The website for the Kenyan Ministry of Foreign Affairs reported that, “The African Union Commissioner for Economic Affairs Dr. Maxwell Mkwezalamba has expressed optimism for the adoption of a common currency for Africa,” and that the main theme discussed at the AU Commission meeting in Kenya was, “Towards the Creation of a Single African Currency: Review of the Creation of a Single African Currency: Which optimal Approach to be adopted to accelerate the creation of the unique continental currency.”
A North American Monetary Union and the Amero
In 1999, the Fraser Institute, a prominent and highly influential Canadian think tank, published a report written by Economics professor and former MP, Herbert Grubel, called, The Case for the Amero: The Economics and Politics of a North American Monetary Union. He wrote that, “The plan for a North American Monetary Union presented in this study is designed to include Canada, the United States, and Mexico,” and a “North American Central Bank, like the European Central Bank, will have a constitution making it responsible only for the maintenance of price stability and not for full employment.” He opined that, “sovereignty is not infinitely valuable. The merit of giving up some aspects of sovereignty should be determined by the gains brought by such a sacrifice,” and that, “It is important to note that in practice Canada has given up its economic sovereignty in many areas, the most important of which involve the World Trade Organization (formerly the GATT), the North
American Free Trade Agreement,” as well as the International Monetary Fund and World Bank.
Also in 1999, the C.D. Howe Institute, another of Canada’s most prominent think tanks, produced a report titled, From Fixing to Monetary Union: Options for North American Currency Integration. In this document, it was written that, “The easiest way to broach the notion of a NAMU [North American Monetary Union] is to view it as the North American equivalent of the European Monetary Union (EMU) and, by extension, the euro.” 277 It further stated that the fact that “a NAMU would mean the end of sovereignty in Canadian monetary policy is clear. Most obviously, it would mean abandoning a made-in-Canada inflation rate for a US or NAMU inflation rate.”
In May of 2007, Canada’s then Governor of the Central Bank of Canada, David Dodge, said that, “North America could one day embrace a euro-style single currency,” and that, “Some proponents have dubbed the single North American currency the ‘amero’.” Answering questions following his speech, Dodge said that, “a single currency was ‘possible’.
In November of 2007, one of Canada’s richest billionaires, Stephen Jarislowsky, also a member of the board of the C.D. Howe Institute, told a Canadian Parliamentary committee that, “Canada should replace its dollar with a North American currency, or peg it to the U.S. greenback, to avoid the exchange rate shifts the loonie has experienced,” and that, “I think we have to really seriously start thinking of the model of a continental currency just like Europe.” Former Mexican President Vicente Fox, while appearing on Larry King Live in 2007, was asked a question regarding the possibility of a common currency for Latin America, to which he responded by saying, “Long term, very long term. What we propose together, President Bush and myself, it's ALCA, which is a trade union for all of the Americas. And everything was running fluently until Hugo Chavez came. He decided to isolate himself. He decided to combat the idea and destroy the idea.” Larry King then asked, “It's going to be like the euro dollar, you mean?” to which Fox responded, “Well, that would be long, long term. I think the processes to go, first step into is trading agreement. And then further on, a new vision, like we are trying to do with NAFTA.”
In January of 2008, Herbert Grubel, the author who coined the term “amero” for the Fraser Institute report, wrote an article for the Financial Post, in which he recommends fixing the Canadian loonie to the US dollar at a fixed exchange rate, but that there are inherent problems with having the US Federal Reserve thus control Canadian interest rates. He then wrote that, “there is a solution to this lack of credibility. In Europe, it came through the creation of the euro and formal end of the ability of national central banks to set interest rates. The analogous creation of the amero is not possible without the unlikely co-operation of the United States. This leaves the credibility issue to be solved by the unilateral adoption of a currency board, which would ensure that international payments imbalances automatically lead to changes in Canada's money supply and interest rates until the imbalances are ended, all without any actions by the Bank of Canada or influence by politicians. It would be desirable to create simultaneously the currency board and a New Canadian Dollar valued at par with the U.S. dollar. With longer-run competitiveness assured at US90¢ to the U.S. dollar.”
In January of 2009, an online publication of the Wall Street Journal, called Market Watch, discussed the possibility of hyperinflation of the United States dollar, and then stated, regarding the possibility of an amero, “On its face, while difficult to imagine, it makes intuitive sense. The ability to combine Canadian natural resources, American ingenuity and cheap Mexican labor would allow North America to compete better on a global stage.” The author further states that, “If forward policy attempts to
induce more debt rather than allowing savings and obligations to align, we must respect the potential for a system shock. We may need to let a two-tier currency gain traction if the dollar meaningfully debases from current levels,” and that, “If this dynamic plays out -- and I've got no insight that it will - - the global balance of powers would fragment into four primary regions: North America, Europe, Asia and the Middle East. In such a scenario, ramifications would manifest through social unrest and
geopolitical conflict.”
A GLOBAL CURRENCY The Phoenix
In 1988, The Economist ran an article titled, Get Ready for the Phoenix, in which they wrote, “THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let's say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today's national currencies, which
by then will seem a quaint cause of much disruption to economic life in the late twentieth century.” The article stated that, “The market crash [of 1987] taught [governments] that the pretence of policy cooperation can be worse than nothing, and that until real co-operation is feasible (ie, until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.” Amazingly the article states that, “Several more big exchange-rate upsets, a few more stock market crashes and probably a slump or two will be needed before politicians are willing to face squarely up to that choice. This points to a muddled sequence of emergency followed by patch-up
followed by emergency, stretching out far beyond 2018-except for two things. As time passes, the damage caused by currency instability is gradually going to mount; and the very trends that will make it mount are making the utopia of monetary union feasible.” Further, the article stated that, “The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate-and hence, within narrow margins, each national inflation rate-would be in its charge.
Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit.” The author admits that, “This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside
world.”
The article concludes in stating that, “The phoenix would probably start as a cocktail of national currencies, just as the Special Drawing Right is today. In time, though, its value against national currencies would cease to matter, because people would choose it for its convenience and the stability of its purchasing power.” The last sentence states, “Pencil in the phoenix for around 2018, and welcome it when it comes.”
Recommendations for a Global Currency
In 1998, the IMF Survey discussed a speech given by James Tobin, a prominent American economist, in which he argued that, “A single global currency might offer a viable alternative to the floating rate.” He further stated that, “there was still a great need” for “lenders of last resort.” In 1999, economist Judy Shelton addressed the US House of Representatives Committee on Banking and Financial Services. In her testimony, she stated that, “The continued expansion of free trade, the
increased integration of financial markets and the advent of electronic commerce are all working to bring about the need for an international monetary standard---a global unit of account.” She further explained that, “Regional currency unions seem to be the next step in the evolution toward some
kind of global monetary order. Europe has already adopted a single currency. Asia may organize into a regional currency bloc to offer protection against speculative assaults on the individual currencies of weaker nations. Numerous countries in Latin America are considering various monetary
arrangements to insulate them from financial contagion and avoid the economic consequences of devaluation. An important question is whether this process of monetary evolution will be intelligently directed or whether it will simply be driven by events. In my opinion, political leadership can play a decisive role in helping to build a more orderly, rational monetary system than the current free-for-all approach to exchange rate relations.”
She further stated that, “As we have seen in Europe, the sequence of development is (1) you build a common market, and (2) you establish a common currency. Indeed, until you have a common currency, you don’t truly have an efficient common market.” She concludes by stating, “Ideally, every nation should stand willing to convert its currency at a fixed rate into a universal reserve asset. That would automatically create a global monetary union based on a common unit of account. The
alternative path to a stable monetary order is to forge a common currency anchored to an asset of intrinsic value. While the current momentum for dollarization should be encouraged, especially for Mexico and Canada, in the end the stability of the global monetary order should not rest on any
single nation.”
Paul Volcker, former Governor of the Federal Reserve Board, stated in 2000, that, “If we are to have a truly global economy, a single world currency makes sense.” In a speech delivered by a member of the Executive Board of the European Central Bank, it was stated that Paul Volcker “might be right, and we might one day have a single world currency. Maybe European integration, in the same way as any other regional integration, could be seen as a step towards the ideal situation of a fully
integrated world. If and when this world will see the light of day is impossible to say. However, what I can say is that this vision seems as impossible now to most of us as a European monetary union seemed 50 years ago, when the process of European integration started.”
In 2000, the IMF held an international conference and published a brief report titled, One World, One Currency: Destination or Delusion?, in which it was stated that, “As perceptions grow that the world is gradually segmenting into a few regional currency blocs, the logical extension of such a trend also emerges as a theoretical possibility: a single world currency. If so many countries see benefits from currency integration, would a world currency not maximize these benefits?” It outlines how, “The dollar bloc, already underpinned by the strength of the U.S. economy, has been extended further by dollarization and regional free trade pacts. The euro bloc represents an
economic union that is intended to become a full political union likely to expand into Central and Eastern Europe. A yen bloc may emerge from current proposals for Asian monetary cooperation. A currency union may emerge among Mercosur members in Latin America, a geographical currency zone already exists around the South African rand, and a merger of the Australian and New Zealanddollars is a perennial topic in Oceania.” The summary states that, “The same commercial efficiencies, economies of scale, and physical imperatives that drive regional currencies together also presumably exist on the next level—the global scale.” Further, it reported that, “The smaller and more vulnerable economies of the world— those that the international community is now trying hardest to help—would have most to gain from the certainty and stability that would accompany a single world currency.” 288 Keep in mind, this document was produced by the IMF, and so its recommendations for what it says would likely “help”
the smaller and more vulnerable countries of the world, should be taken with a grain – or bucket – of salt.
Economist Robert A. Mundell has long called for a global currency. On his website, he states that the creation of a global currency is “a project that would restore a needed coherence to the international monetary system, give the International Monetary Fund a function that would help it to promote stability, and be a catalyst for international harmony.” He states that, “The benefits from a world currency would be enormous. Prices all over the world would be denominated in the same unit and would be kept equal in different parts of the world to the extent that the law of one price was nallowed to work itself out. Apart from tariffs and controls, trade between countries would be as easy
as it is between states of the United States.”
Renewed Calls for a Global Currency
On March 16, 2009, Russia suggested that, “the G20 summit in London in April should start establishing a system of managing the process of globalization and consider the possibility of creating a supra-national reserve currency or a ‘super-reserve currency’.” Russia called for “the creation of a supra-national reserve currency that will be issued by international financial institutions,” and that, “It looks expedient to reconsider the role of the IMF in that process and also to determine the
possibility and need for taking measures that would allow for the SDRs (Special Drawing Rights) to become a super-reserve currency recognized by the world community.”
Job Title: PR Account Director
Joined 72 Point: February 2008
Clients: Aston Manor, the National Association of Cider Makers, Distell Wines and Bristol Rugby.
What she does: Working in the PR department, Kathy manages campaigns for various national clients. Her role is to make her clients famous through both the trade and consumer media.
Before 72 Point: Kathy worked in London for various high profile brands, including Pepsi, Mars and O2 Mobile.
Likes: Alan Carr, playing golf, New York and the fall of Kerry Katona!
Dislikes:Meetings about meetings, people who don't say thank you or sorry and lime chutney.
Job Title: Picture Editor and Partner - SWNS
Joined 72 Point: 1984
What he does: As Picture Editor, Paul has overseen this department's phenomenal period of progress and success over the last decade.
Before 72 Point: Joined the Bath Chronicle in 1988 as a photographer before carrying out shifts for every national newspaper.
Likes: Checking bank statements.
Dislikes: Fluffy PR Bunnies.
Job Title: Chief Creative Consultant
Joined 72 Point:2001
Clients: Works on all client accounts.
What he does: Creative idea generation, copywriting, news generation and training.
Before 72 Point: Jay's career in journalism began in 1981 when he landed the job of assistant news editor on the legendary music magazine Sounds.
In 1985 he moved into mainstream journalism, running the Newcastle bureau of CNA News Agency where he was one of the first reporters on the scene of the 1988 Lockerbie air disaster.
Jay joined SWNS in 1990 and was quickly promoted to Chief Reporter. After heading the reporting team which broke the Fred West story amongst numerous others, he was made SWNS Partner in 2000 and later went on to set up 72 Point Ltd with John Sewell.
Likes: Elvis, and his son Alfie's band Phoenix Cult - "the best unsigned band in the UK".
Dislikes: Stalkers, surly non-smokers who make him step off the pavement, Richard Gere, wine bars.
Job Title: Account Director
Joined 72 Point: April 2006
Specialises in: Fashion, Travel and Leisure, Health and Beauty and Event Management.
Clients: La Senza, Toni and Guy, Debenhams, Travelodge, Thomas Cook, Julian Graves Alberto Culver and GE Money. Ad-hoc clients include some of the UK's largest PR agencies such as Trimedia Harrison Cowley, Biss Lancaster, BMA Communications and Bray Leino.
Before 72 Point: 8 years In-house PR experience. Annabel started working life in the luxury travel industry before re-locating to Bristol in 2001 to join At-Bristol, the city's new Landmark visitor attraction.
She initially set-up the brand communication for the corporate events division before being appointed PR Manager - achieving continual national, regional and trade coverage for the attraction as well as organising regular high profile film/exhibition launches, royal visits, photo shoots and national TV/radio campaigns.
Likes: Johnny Wilkinson, champagne, log fires and the great outdoors.
Dislikes: Baked beans, tequila and Smart cars.
Thanks for confirming that - we'll see you on Friday morning.Isobel ForresterThe Office of The Rt Hon Alistair DarlingMP for Edinburgh South WestTel: 0131 476 2552
Attention:
From: John Carew-Reid [mailto:johncarewreid09@googlemail.com]
Sent: 15 February 2010 11:54
To: BLAIR, Isobel
Subject: Re: THE CREATION OF OBAMA'S NEW WORLD ORDER TEAM
Isobel ForresterThe Office of The Rt Hon Alistair DarlingMP for Edinburgh South WestTel: 0131 476 2552Hi Isobel
Many thanks for your email.Yes Friday 19th February at 10.50 That is 10.50am I imagine, would be fine
Kindest regards
John Carew-Reid
John Carew Reid" <johncarewreid09@googlemail.com>, 15 Home Street, Edinburgh, EH 3 9JRRel: +44 90) 7500 384 272
On Mon, Feb 15, 2010 at 10:08 AM, BLAIR, Isobel <BLAIRIF@parliament.uk> wrote:
If you want to come in and see Mr Darling I can arrange for you to do that this Friday (19 Feb) AT 1050. Please confirm that is OK for you.Isobel ForresterThe Office of The Rt Hon Alistair DarlingMP for Edinburgh South WestTel: 0131 476 2552
From: John Carew-Reid [mailto:johncarewreid09@googlemail.com]
Sent: 14 February 2010 12:45
To: DARLING, Alistair
Cc: BLAIR, Isobel
Subject: THE CREATION OF OBAMA’S NEW WORLD ORDER TEAM
15th February 2009
From:John Carew Reid" <johncarewreid09@googlemail.com>, 15 Home Street, Edinburgh, EH 3 9JRRel: +44 90) 7500 384 272
Attention;Alistair DarlingC/o: Isobel ForresterThe Office of The Rt Hon Alistair DarlingMP for Edinburgh South WestTel: 0131 476 2552Dear Mr Darling
I have been just this weekend been provide a copy of a fairly in depth exclusive 500 page report that the INL News Group have commissioned to be written at great expense on The President of the USA Barrack ObamaI felt obligated to provide you a copy of this section of the report to read and also give to Gordon Brown to read.
If these people like Zbigniew Brzezinsk, David Rockefeller, The Rothschild and there over 300 Trilateral Commission,Council on Foreign Relations (CFR), and Bilderberg Group have theri way both you and Gordon Brown will both be out of a job, there will be no more Prime Minister or Chancellor of the UK, as things will be run for Head Office in Washington of the new Global Company, The New World Order Limited.
There seems no doubt that Barrack Obama has been the Rothschilds-Trilateral Commission was founded by David Rockefeller, Chase Manhattan Bank chairman, Zbigniew Brzezinsk -Council on Foreign Relations (CFR). The Council on Foreign Relations is an organization whose mission is to redefine American policy and slide this republic into a one-world government The Bilderberg Group's -choice for the President of the USA and the Rothschild Family have surrounded Barrack Obama with their people as senior advisers... the one common thread for the last 4 years has been Zbigniew Brzezinsk.The INL News Investigative Team after 9 years of research say to me that they have have the evidence that Zbigniew Brzezinsk is the person who is the Rothschild's right hand man and has been the mastermind of how to manipulate various countries into war against each other over the years for one common set of long term aims(1) the encourage each country to go into debt to finance wars against each other, with the one world financier keen and ready to provide the finance to every side of the conflict, which has been an extremely profitable business for the last 300 years for them;(2) using manipulated wars to weaken each county financially, which it certainly has been successful with most countries at the end of each war on ether verge of bankruptcy through war debts(c) further their aims for a one world government, with One Army, One Bank and One Ruler, which will be controlled by what they will call guidelines, rather that rules, by an International banking and corporate elite, with each country's sovereignty reduced to the point that the elected parliament of each country has no real power any more, and is there in the form of what one could call "Card Board Cut Outs".They are calling the new One World Operating Manual which each country will be forced to adopt, setting out what they are calling Guidelines, rather that Rules. It is a lot nicer way of saying Rules.... However Guidelines, which the word normally applies rules that do not have to be adopted and/or followed, are just as effective as rules if the consequences of not following the guidelines will too much pain and grief, that one is forced to follow the guidelines..These people have have and are studying mind control and mass manipulation 24/7 365 day a year and have the best experts on the job and are quietly creating these world type Charites, non profit organisations, commissions etc like the Codex Alimentarius Commission, the UN, the WTO, The World Bank, the IMF, the Travistock Society, the Carnegie Foundation along with with their absolute control of the world monetary system, daily Gold Prices, currency prices etc and 90% of the world's central banking institutions. What happens is that we all wake up one morning thinking that all these world organisations have no real power and all their rules as just suggestions and/or recommended guidelines and we as an elected parliament by the people of out country can decide n a day to day basis whether to adhere to any of these guidelines, depending on whether we feel that particular guideline say "number 9A" is beneficial to our country and it's people.However, suddenly you come to realise that the pain and grief caused by not adhering to all the guidelines, not just 9A, is far greater than, not adhering to them.For example the Codex Alimentarius Commission. From your letter to me in January after I mentioned the Codex Alimentarius Commiss ion, you said you had never heard of it and I assume that means the Prime Minister of the UK Gordon Brown and the Business Minister Peter Mendelson, has never heard of it either. I am well informed person working for an International Media Group and up till a month or so ago I have never heard of it either. However according to their website the Codex Alimentarius Commission now has 183 country members including the United Kingdom
They have a lot of meetings and events coming up and already completed. I wonder who has been and will be appearing on behalf of the United Kingdom one of their larger and important members in the Western World, to these meetings and as you indicate that the UK Government has never heard of the Codex Alimentarius Commission, and you as the Chancellor, effectively second in charge of the running of the UK, have never heard of the Codex Alimentarius Commiss ion, but will make enquiries about it and let me know the result of these inquiries, I ma wondering if they have been running all these important Codex Alimentarius C ommission meetings without even informing the UK Parliament and the UK people. It seems from reports we are getting the way the meeting are run, is that if any delegate does not agree with what the Chairman wants ruled on, the chairman just either ignores what the delegate has to say in various ways, like just turning off his microphone so he can not hear what he has to say and just in the end rules the way that way pre-planed before the meeting started. So it should not surprise us that the Codex Alimentarius Commiss ion has not bothered to tell the UK it id a member and does not bother to send the UK any notices of meetings and the agenda for such meetings. That way the behind the scenes creators, motivators, organisers and financiers of the Codex Alimentarius Commiss ion and the Word Trade Organisation (WTO) who were the same people who are the same people and organisations that were behind the scenes creators, motivators, organisers and financiers of Adolph Hitler and his Nazi Deaths Camps, the production of the the Zyclon B gas that was used ot mass murder over 10 million people in their Nazi Death Camps are the same people and organisations behind the scenes creators, motivators, organisers and financiers of the Codex Alimentarius Commiss ion and the Word Trade Organisation (WTO). They are a bit of a concern to us all. I am sure you would have to agree.The plan and reality of the guidelines being created by the