The financial industry’s effort to reduce risks from credit- default swaps is being held up because of regional competition, NYSE Euronext Chief Executive Officer Duncan Niederauer said. A mechanism set up by the London Clearing House has met resistance from banks and authorities in continental Europe, he said. . . .A global economic order?? Viva la resistance!
[German Chancellor] Merkel said the financial industry needs “clear-cut rules worldwide” and “a charter for the global economic order” that could lead to the creation of a United Nations economic council. She criticized “unfettered capitalism”
A more ominous story was on World Net Daily the other day: Globalists see econ crisis as excuse for 'new world.'
A call to utilize the current global economic crisis as a panic in which governments worldwide can move to nationalize banks is emerging from the 2009 World Economic Forum in Davos, Switzerland.A "transformational crisis?" "Shape a 'new world'?" I don't know about you, but this talk scares me rather than soothes me . . . . Just who is this Klaus Schwab? Why should we trust him? And why should we trust ANY of the leaders (especially Vladimir Putin) attending the conference? This sounds like a plan to concentrate control of the whole world in the hands of a few!
The forum's founder, Klaus Schwab, told CNN yesterday the current global economic slowdown is a "transformational crisis" that should be utilized to shape a "new world."
"Above all else this is a crisis of confidence," Schwab said. "To restore confidence you have to establish signposts that the world after the crisis will be different. We have to create a new world and that is what Davos 2009 will be all about – serving society."
I'm having a hard enough problem dealing with the erosion of "state's rights" just within the US. . Our Founding Fathers understood that in Diversity there is Strength. They insisted on a large degree of State Sovereignty to allow for different ways of doing things. That has been eroded by all the "federal" programs that our Founding Fathers would never have dreamed of, which were never specified in the constitution. Now when a federal program is defective, the entire nation is placed at risk. Things have simply gotten too "nationalized." When something goes wrong, like bad peanuts in Georgia, the entire country gets sick. Can you imagine if the Imperial Valley in CA has a long lasting drought? We'll be out of vegetables because we don't grow them here in NY any more in any great quantity. Now imagine if everything is globalized . . .
So now we should look forward to Schwab, Bill Clinton, Merkel, Putin, and other attendees to give us a new WORLD order? I don't think so. Control of finances will give way to control of other aspects of our life . . . Consider that in Merkel's Germany, homeschooling has been outlawed and parents have been thrown in jail for it (enabling the state to control the next generation).
This is just an excuse for world domination by big multi-national businesses partnering with big government . . . This is for the benefit of the elite ... Not you and not me. Unfortunately, the mindset we have in Washington and the State, and in both political parties, seems to be to play ball with these people.
We will be controlled by elites . . . and the American dream will be dead.
We are being led like sheep to slaughter.