Global currency around the corner? ~ By Henry Lamb

Before you read Henry's column about a coming global currency, it's educational movie time. Please be sure to watch both videos:

John Maynard Keynes and Economic Fascism (by MDJarv )

From the description for this video:

To quote something Keynes said back in 1920:

"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."

What is stated above is both an incredibly alarming and important statement from a very dangerous psychopath, as it highlights the elite agenda almost perfectly. This agenda entails the destruction of national currencies to usher in a totalitarian police state and a completely managed global economy, with a one world currency and central bank (something Keynes was advocating back in the 1920s and 30s).

Video provided by rozovo

The World Bank (WB) & The International Monetary Fund (IMF)

Video provided by Darganot

Some of the readers that come to this space on occasion have probably noticed that I have posted many of Henry Lamb's columns here. Many of his columns discuss global governance, and the loss of the sovereignty of the United States. This column explains something very important about the desire to have a one world government. The goal is something that people have been working toward for nearly a hundred years, if not longer. It has been an incremental process, orchestrated by small groups of elites in positions of power, many that have been involved in banking and government. And I am sure that many people still take this lightly, as if they don't believe it will or can ever happen.

It is my feeling that what is taking place since Obama became President is a signal to us that their goal is closer than ever. It is like they are now down to the one yard line, and another financial crisis could punch the ball over the goal line. New World Order, here we come (kicking and screaming). Just sayin'...

Those who advocate global governance have changed their tactics, but not their goal. They have made great strides through a variety of treaties, and particularly through the implementation of Agenda 21 and the concept of sustainable development. The erosion of freedom that is inevitable under any system of global governance has been painted green, packaged in a bundle labeled "social justice" and sold to a generation of Americans eager to make the world a better place.

The global currency proposed by the IMF is just the latest step toward that ultimate utopian vision pursued for so long by so many. The freedom that powered America's rise to greatness cannot exist in a system of global governance. Individual freedom, granted by the Creator and guaranteed by the U.S. Constitution is at best diminished by global governance, and at worst completely denied.

Global governance in any form must be rejected.

By Henry Lamb

Posted: August 21, 2010 ~ 1:00 am Eastern

© 2010

If the International Monetary Fund gets its way, the U.S. dollar will be replaced by the "bancor" as the world's reserve currency. According to a report published April 13, the IMF would like to adopt a plan of action that would expand the use of SDRs (Special Drawing Rights) to replace the U.S. dollar as the storehouse of value and eventually create a global currency called the "bancor."

"Bancor" is the name suggested by John Maynard Keynes, the British economist who headed the World Banking Commission that created the IMF during the Breton Woods negotiations, which preceded the United Nations.

The new global currency would be issued by a new global central bank that would have the authority to levy taxes for various infractions. The bank would have to be, according to the report writers, "accountable to member nations, but remain independent." This statement sounds much like the defenders of the Federal Reserve, which was created by Congress and is supposed to be accountable to Congress, but refuses to allow Congress to audit its activities or even to answer congressional questions about to whom it lends U.S. dollars.

A global central bank has long been a goal of those who advocate global governance. America's school system has failed to teach students about the century-long conflict between those who want a global governing authority and those who do not. Schools barely teach that Woodrow Wilson and his colleagues created the League of Nations, or why this institution failed. Schools never explain that many of the same people who promoted the League of Nations continued their efforts through non-government organizations such as the Council on Foreign Relations until Franklin Roosevelt was elected president.

Schools do credit Roosevelt with helping to create the United Nations, but they never explain that Roosevelt brought into his administration dozens of people from the Council on Foreign Relations to draft his "New Deal," as well as plans for the United Nations.

Schools do not teach that President Kennedy planned to turn over U.S. military power to the United Nations to give the emerging global government the power to enforce its policies. People who refuse to accept this statement are encouraged to read "Freedom from War: the United States Program for General and Complete Disarmament in a Peaceful World," Department of State Publication 7277, released September 1961.

The people who believe the world should be governed by a global authority have been working toward this goal for more than a century. They are relentless; they are driven; they are convinced that they know best how people should live. They believe that all nations and all societies should be controlled by an elite, benevolent intelligentsia that can ensure social justice by enforcing what has now become known as sustainable development. These people are closer to achieving their goal than at any previous time in history.

Woodrow Wilson assumed his political power would be sufficient to impose the League of Nations. He underestimated the determination of freedom-lovers such as Henry Cabot Lodge and other senators who refused to ratify the treaty that created the League. Roosevelt assumed that the devastation of World War II would be sufficient to usher in the era of world government under the authority of the United Nations – and he was right, until political reality crushed his utopian socialist dream of a global community.

Listen to this column online.

READ FULL STORY at WorldNetDaily.com

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The end of La Dolce Vita ~ By Patrick J. Buchanan

For those that don't know, "La Dolce Vita" is Italian for "the good life" or "the sweet life." I only know because I just looked it up. That should tell you what you need to know to understand just what Pat is saying.  We have become so accustomed to the good life, despite the huge cost, what will happen if can't be paid for in the future? What will happen if the economies of Europe and America collapse? A one world economic system? Global governance? Tyranny? We may be about to find out.

La Dolce Vita is coming to an end. The ever-expanding European and American welfare states of the 20th century will contract in the 21st. Some have already begun to shrink. A time of austerity is at hand.

Indeed, what is about to be tested is democracy itself.

Can democracies that attracted universal applause in the golden years of rising expectations impose upon their citizens the enduring and painful sacrifices necessary in a time of retrenchment?

We are about to find out.

By Patrick J. Buchanan

Posted: May 06, 2010 ~ 8:16 pm Eastern

© 2010

Are Europe and America headed to where Athens is today?

To answer the question, consider what brought Greece to where she is – running a deficit of 14 percent of gross domestic product with a debt approaching 100 percent, with Portugal, Spain, Ireland and Great Britain not that far behind.

How did this happen?

Protected by the United States through a half-century of Cold War, Europe cut back on defense and ratcheted up spending for La Dolce Vita.

All of Europe adopted universal health care. All voted in a shorter workweek, a higher minimum wage, greater job security, earlier retirements and munificent pensions.

As the cradle-to-grave welfare states rose, an ever-increasing share of the labor force left the private sector for the security of the public sector.

Tax-consumers, the beneficiaries of the welfare states and the bureaucrats that ran them, grew in number, as taxpayers declined as a share of the labor force. Though Greece was far from the most productive nation in Europe, Athens led the parade.

After the baby boom ended, the pill arrival in the 1960s. Then came abortion on demand in the 1970s.

The fertility rate of Greece and every European nation fell below the 2.1 births per woman needed to replace an existing population. Greece's birth rate has been below zero population growth for three decades.

Result: In Year 2000, Greece had just under 11 million people and a median age of 38. In 2050, Greece is projected to have just under 11 million people, but the median age will be 50.

Were Greece a company, the solution would be bankruptcy.

But Greece is a country. And a bailout of $141 billion is being put together by the European Union and International Monetary Fund.

Why? Because, should Greece decide not to take a chain saw to her welfare state, but walk away from her debts and default, she would blow a hole in the balance sheets of the biggest banks in Europe.

Then the banks would have to be bailed out.

Seeing Greece's bondholders being burned, terrified holders of Portuguese and Spanish debt would start dumping their bonds, forcing Madrid and Lisbon to pay a higher interest rate both to sell new bonds and roll over the old ones coming due. Rather than savage their welfare-state programs, and risk riots in the streets and a massacre at the polls, Madrid and Lisbon, too, might look agreeably at default.

Chancellor Angela Merkel, though exasperated with the Greeks, is urging Germans to back the $141 billion bailout: "Nothing less than the future of Europe ... is at stake."

Merkel believes there is no alternative. But there is an alternative – a restructuring of Greece's debt or a default where the holders of Greek bonds suffer the fate of the holders of bonds from Lehman Brothers and General Motors.

Inevitably, this is what is going to happen.

For how long will Greeks work longer, retire later and live on smaller pensions, so holders of Greek bonds can get their interest payments right on time?

The EU and IMF may, with the bailout of Greece, kick this can up the road. But the crisis will return. For the nations of Europe have made commitments beyond their capacity to keep, given their growing debts and aging populations.

And America is not all that far behind.

READ FULL STORY at WorldNetDaily.com

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U.S. backs global alternative to dollar

The following report is excerpted from Jerome Corsi's Red Alert Posted: March 19, 2009 © 2009 WorldNetDaily Increasingly, the International Monetary Fund, with the support of the United States and Russia, appears positioned to launch a one-world currency at the upcoming G-20 meeting in London. The move is intended to be a last-ditch effort to prevent massive bank failures from occurring throughout the European Union. The idea is for the IMF to issue at least $250 billion in Special Drawing Rights, or SDRs, to IMF member states as a method of placing a safety net under developing countries that might otherwise have to declare bankruptcy. The idea gained momentum Tuesday when the Moscow Times published an article revealing that the Kremlin intended to use the G-20 meeting, beginning April 2, to push for the IMF to utilize SDRs as "a super-reserve currency widely accepted by the whole of the international community." U.S. Treasury Secretary Tim Geithner is on the record calling for the G-20 to support "substantially increasing emergency IMF resources" by up to $500 billion to deal with the global economic crisis. "The IMF is looking for about $500 billion in SDRs in order to bail out the European Union banks that have lost trillions of dollars making loans into the Eastern European countries the EU thought would adopt the euro after joining the EU," said Bob Chapman, author of the online International Forecaster newsletter, in a telephone interview. "If the United States or other countries come up with $500 billion the IMF wants to back these new SDRs, the $500 billion will end up being loans to the IMF that the IMF will simply never pay back," Chapman explained. [Continue reading]

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Obama: Geithner Situation An 'Embarrassment'

WASHINGTON -- President-elect Barack Obama called disclosures about Treasury choice Timothy Geithner's tax problems an embarrassment Wednesday but said Geithner's "innocent mistake" shouldn't keep him from confirmation as the new administration's top official in urgent efforts to revive the economy. The revelations that Geithner had failed to pay $34,000 in taxes several years ago derailed Senate Democrats' plans to speed him to confirmation by Inauguration Day, but senators in both parties said the information was unlikely to torpedo his chances in the end. [Continue reading]

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Geithner should not be Secretary of the Treasury

By Clarice Feldman and Thomas Lifson The media rush to exonerate Timothy Geithner's failure to pay his self-employment tax as an "innocent mistake" (in Obama's words) ignores a crucial fact: even after he knew of his liability thanks to an IRS audit, he failed to pay taxes on years covered by the statute of limitations. Additionally, his failure to pay in the first place flies in the face of the fact that his employer, the IMF, notified him regularly of his obligation, and even paid him half of the tax liability, in lieu of the employer's share, money which he kept for himself. [Continue reading]

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A tax-evading treasury secretary? - By Joseph Farah

Just before Barack Obama named Timothy Geithner to be his treasury secretary, the president of the New York Federal Reserve Bank quickly and quietly paid $26,000 in back taxes and interest due since 2001 and 2002. Obama characterized the eight-year tax evasion as "an innocent mistake." Moral relativism runs amok in Washington, to say the least.

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