Thursday, October 01, 2009


In all the nuttiness of the last UN session this got over looked:

all the nations agreed to coordinate their economic policies and programs and to submit them to the International Monetary Fund (IMF) for comment and approval. While the G-20 nations and the IMF are, for now, only going to use "moral suasion" on those nations found not to be in compliance, talk of sanctions looms on the horizon....

We are to subject our most basic national economic policies to the review of a group of nations that includes autocratic Russia, China and Saudi Arabia. Even though our gross domestic product is three times bigger than the second-largest economy (Japan) and equal to that of 13 of the G-20 nations combined, we are to sit politely by with our one vote and submit to the global consensus....

This combination of the IMF and the G-20 will not only work to structure national economic policies but to limit executive compensation at financial institutions. The watchful, wise leaders of such nations as Turkey, Saudi Arabia and Indonesia -- among others -- will monitor Wall Street to assure themselves that their compensation is not out of line. (Townhall)

Forget about being a citizen of The United States. That was before change. It's full speed ahead to building an international socialist state.

No comments: