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Sunday, April 5, 2009
Is G20 Equivalent to a One World Order System?
During this week's G20 Summit meeting in the U.K. with some of our Global Leaders (including President Obama), a nine-page, $1.1 Trillion dollar deal was laid which helped to set the foundation for a New World Order Financial System.
Come on I'm sure you've heard about it. You know the One World Order System that all of the Conservative Christian people talk about from the Bible? Yes, its one in the same.
In a nutshell New World Order just basically means as British Prime Minister Gordon Brown sums it up "a coming together of the world to create an International Monetary Fund for the purpose of Global Recovery and Reform".
Included in the deal were tighter regulations against Tax Havens looking to bilk the IRS out of millions in revenue, by hiding their money in Foreign banks.
I guess this means there will be no more storing huge chunks of cash in Swiss Banks.
Hello Ken Lewis are you listening??
In addition to the U.K. and America, leaders from Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey and the EU were also in attendance at the summit.
I published some photos from the event at the top of this post. Notice Secretary of State Hillary Clinton having a grand old time. You go Hillary!
For those of you wanting more info. regarding what our Leaders actually agreed to in this deal, check it out below.
• New reforms of the global banking system, including institutions like hedge funds, and other parts of the so-called "shadow banking system" coming under global regulatory control for the first time.
• Tighter regulation for credit rating agencies, to prevent conflicts of interest.
• A list of tax havens to be published immediately, and sanctions to be deployed against countries that do not comply with anti-secrecy regulations.
• Completion of the creation of international colleges of supervisors for national regulators.
• An agreement to do whatever is necessary to promote growth in individual countries, allowing for the possibility of the further use of fiscal stimuli in the future.
• The injection of an additional $1tn into the global economy through measures including a $500bn increase in the funding available to the IMF, an increase in the availability of money for developing countries through the IMF's "special drawing rights" to $250bn and a total of $250bn being set aside for trade assistance.
• Reform of institutions like the IMF to allow countries like China to have greater influence. Senior posts at the IMF and the World Bank will open to candidates from the developing world.
• Renewed commitment to the Millennium Development Goals.
• $50bn for the world's poorest countries.
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U.K. Prime Minister Gordon Brown announces the New World Order System during the G20 Summit.
Sources: Guardian.co.uk, BBC, TPM, Jeremiah Project, Youtube, CNN, Google Maps, mlive.com
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