Britannia Radio

Looking Beyond the Global Economic Summit

The Washington summit, with its heads of state and other national and international dignitaries, may have attracted all the media attention, but the real action, for anyone who was paying close attention, was at the New York-based Council on Foreign Relations last Friday, when British Prime Minister Gordon Brown addressed a special session chaired by former Treasury Secretary Robert Rubin on the topic of the financial crisis. Brown, be it noted, has been shuttling back and forth across the Atlantic and among the countries of continental Europe over the past few weeks, lobbying for an ambitious new plan to globalize financial activity. Friday's presentation at the CFR left little doubt what Brown (and, presumably, a very sympathetic globalist elite at the CFR and elsewhere) truly intends to accomplish with the negotiations that kicked off over the weekend.

Brown spoke of the "birth pangs of the new global order," and called for "cross border supervision" of financial activity "wherever it is necessary" as well as for "better surveillance of the world economy." Although Brown's speech was light on specifics, he did offer a few tantalizing tidbits. "I have no doubt," he proclaimed, that "we'll have an International Monetary Fund that looks more like an independent central bank." He also predicted that "we will reform the relationships between the Financial Stability Forum, the Bank of International Settlements, and international institutions." Brown expressed optimism that future negotiations would lead to a new world trade deal.

http://www.thenewamerican.com/economy/commentary-mainmenu-43/527

The Nation-State Is Finished
http://tinyurl.com/5ekbja