THE QUIET COUP...The Atlantic. This is an in-depth look at why we have arrived where we are. The author is about as connected as one can get, which is what makes the article all the more interesting. Simon Johnson is a professor at MIT's Sloan School of Management, and was chief economist at the International Monetary Fund in 2007 and 2008.
...The financial sector in the U.S. market has gained such power that they have effectively captured our government is Professor Johnson's stark conclusion. Read this article for a very different look at the crisis and the players. "If the IMF's staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we are running out of time."
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A WORLD CURRENCY MOVES NEARER AFTER TIM GEITHNER'S SLIP...The Telegraph.Co.UK. March 24, 2009, President Obama, in response to a question regarding the China's floating the idea of a new world currency, "I don't believe there is a need for a global currency." March 25, 2009, Treasury Secretary Timothy Geithner, "...as I understand his (Zhou Xaiochuan, People's Bank of China Governor) proposal, it's a proposal designed to increase the use of the IMF's special drawing rights - and we're actually quite open to that."
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THE G20 MOVES THE WORLD A STEP CLOSER TO A GLOBAL CURRENCY...The Telegraph.Co.UK. 'In effect, the G20 leaders have activate the IMF's power to create money and begin "quantitative easing". In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body.'
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British Prime Minister Gordon Brown announced the creation of 'a new world order' at the conclusion of the G20 summit.
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And Tony Blair wants to be the first permanent President of the EU.
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