An emergency meeting taking place in Washington this weekend is bringing together finance ministers and central bankers from the Group of Seven nations as well as their G20 counterparts. According to U.S. Treasury Secretary Henry Paulson, the meeting is intended to discuss "ways to further enhance our collective efforts" to confront the crisis that has frozen credit markets around the globe.
Now the World Bank President is musing about a new global economic authority, the IMF chief is cheerleading "the first co-ordination between advanced countries and the rest of the world" (something the WTO hasn't been able to accomplish), and the CFR is relishing the chance to implement a global monetary authority just like they've been writing about for years.
Add to this the historic joint cut in interest rates by central banks around the world last week, Italian Prime Minister Silvio Berlusconi's revelation that world leaders are considering suspending global markets while they "rewrite the rules of international finance" and the startling plan for China to bail out America on condition that America socialize its banking system, and it seems the long-term plan to use this pre-engineered economic catastrophe to bring about new global systems of financial and governmental control is finally falling into place. This is, of course, precisely what The Corbett Report has predicted time and time and time again (in line with what other analysts have been saying for years).
Not that you would understand this quest for global government for what it is by reading the controlled corporate media. In an unprecedented piece of revisionist propaganda, the Wall Street Journal just published "A Short Banking History of the United States" that makes the outrageous argument that centralizing power in the hands of the bankers is in fact the solution to economic problems. It holds that the Great Depression came about because the Federal Reserve didn't have enough power...not because the Federal Reserve's policies caused it, as even Fed Chairman Bernanke himself has admitted. The Wall Street Journal's myopic insistence that giving central banks more authority and control despite the fact that they are leading us closer and closer to a hyperinflationary event is patently ridiculous, but fits perfectly into the familiar ploy of providing pre-ordained solutions to the problems they themselves have created.
Perhaps the Wall Street Journal's ridiculous attempts to undermine Thomas Jefferson by portraying him as an economic luddite (he opposed central banking systems that allowed bankers to wield control over the nation's finances, after all) are an attempt to stop a renaissance in public understanding of economic history in its tracks. A growing awareness of just how central monetary policy and monetary reform has been in the course of world history (aided by the explosion in popularity of documentaries like The Money Masters and Money as Debt) has brought quotes like this one from Thomas Jefferson back into widespread use:
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered." |
Such tricks by the controlled corporate media are decreasingly effective, however. The ordinary citizens of the world have already internalized the fact that the six corporations that control 90% of the American media (including, of course, the Wall Street Journal) do not have the general public's interests in mind. After the media's dismal performance in cheerleading for the bailout, the public is less likely to buy the pro-banker propaganda of the Wall Street Journal.
So, too, are the general public unwilling to fall for the phoney solutions of global monetary authorities and economic institutions that are currently being proposed by the very people who caused the problem in the first place. Now that the scam has been exposed, the job is to make it known to the power elite that the public will not be fooled so easily. The public is aware that the international banksters have descended on Washington this week not to "fix the problem" but to enter the final phase of the birth of the new world order of banking hegemony. Awaiting the pronouncements of the banksters from their weekend celebration with baited breath, the citizens of the world wonder (to paraphrase Yeats):
"What rough beast slouches toward Washington to be born?"
Related works from The Corbett Report:
$700 billion is nothing (video)
Breaking the Economy in Order to Fix It (article)
Patrick Carmack on economic crisis (interview)