EU LEADERS
LEAD WITH THEIR COMMON PURPOSE AGENDA OF CONTROL.
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Europe's leaders are wrong to push for 'global
governance at the G20 meeting says
Irwin Stelzer
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[Daily
Telegraph-Wednesday, November 12,2008].
[EXTRACT]
REPRESENTATIVES of some 20 nations are preparing to
fly to m
Washington
to erect a new architecture to house the
WORLD'S
FINANCIAL SYSTEM
-"a new
global order"[?]
was the
description Gordon Brown used in Monday's speech at
the Lord Mayor's banquet.
[Well! this
is Euro -speak for the EU ambition for a
WORLD GOVERNMENT which is behind all their moves to
appear reasonable and co-operative which they label
under COMMON PURPOSE.]
To prepare for this meeting of
the G20 industrialised and emerging nations,
Europe's leaders
[In reality the GERMAN/FRENCH connection]
gathered
last week in BRUSSELS and set down the PRINCIPLES
they intend to have PRESIDENT BUSH sign on to.
And GET THIS -THEY GAVE AMERICA a 100-DAY DEADLINE
to AGREE WITH THEIR PLANS.
"We will be defending a COMMON
POSITION, a vision...for reforming our financial
system."
[Whatever
many may think of BUSH this idea that America which
join with such a closed undemocratic
non-enterprise shop is fanciful at the least and
damned dangerous in the extreme. There is only
one word to explain the EU
ultimatum
and that is
CONTROL.]
My guess is that the
American hosts are as intimidated by this show of
UNITY as the WEST'S ENEMIES were by the announcement
of the
EUROPEAN ARMY.
France and
Germany
[How did you guess?]
want the International Monetary Fund (IMF) to become
a GLOBAL SUPERVISOR of REGULATORS;
"the pivot
of a renewed international system"
is the
blurry phrases used so as to minimise OFFENCE to the
AMERICANS...
The new
global order, those who have studied history
contend, is to be modelled on Bretton Woods
agreement of 1944. Never mind that the arrangements
agreed depended heavily on some control of the
international flow of capital, not feasible in
today's globalised economy. Or that, as John Maynard
Keyes, the architect of Bretton Woods, told the
House of Lords,
" we intend
to retain control of our domestic rate of interest"-
something
that members of the euro -zone have already
forfeited and would like other nations, including
Britain, to surrender in the interests of
INTERNATIONAL CO-ORDINATION.
This is not
to say that the meeting this weekend will be a
complete waste of time. there is the intangible
benefit of the creation of PERSONAL RELATIONSHIPS
that might contribute to FUTURE CO-OPERATION....
But in the
end, this talking shop will reach no meaningful and
binding decisions. The Bush Administration
wants nothing to do with
SUPRANATIONAL REGULATORY AUTHORITIES
Nor does the
incoming Obama team have any intention of signing on
to such a programme, either before it takes office
or during the 100-day deadline THAT THE EU HAS
SET...But neither he nor in any likelihood, his
successor will want to replace the current quite
flexible but more effective system of informal
international co-ordination with a MORE RIGID
ARCHITECTURE.
And my
guess is that John Maynard Keynes, surprised at the
fact that there is a place from which he can look
down on the proceedings, would
ENDORSE THE
SCEPTICISM OF THE AMERICAN SIDE.
He least of all
would want to see the WORLD'S LEADERS bound by some
academic scribbler of a few years back, even if he
would be THE SCRIBBLER.
[Font
Altered-Bolding & Underlining Used-Comments in
Brackets]
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NOVEMBER-2008
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