Green Energy
I've never much been one for the NWO/Illuminati conspiracy stuff. And if the governmens of the world are instead colluding on it well, then, from what we've seen it will be bungled badly anyway. But the NWO fans are sure to point a "See! See!" finger at this. Not that I'm a fan of a one world global economy, either. Found at Newsmax:
- Capital, An Amoral Force Moves, We Congratulate Mr. Obama
Financial Times: Europeans defy US to join China-led development bankFrance, Germany and Italy have all agreed to follow Britain’s lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts...
- Obama To Inherit “new Global Order” From Bush
From Accuracy In Media: The bankruptcy of Iceland, now receiving a $2.1 billion two-year loan from the International Monetary Fund (IMF) “to support an economic recovery program,” has been depicted as something that could never happen to America....
- What The Hell Is Happening?
Yesterday Berlusconi Says Leaders May Close World's Markets White House Dismisses Berlusconi's Remark Today Bush: US will work with partners on credit crisis WASHINGTON - President Bush emerged from a meeting with foreign financial officials...
- Well, Of Course, What Do You Expect? It's Europe
Europe resists America's Call To Curb Ties With Iran: European governments are resisting Bush administration demands that they curtail support for exports to Iran and that they block transactions and freeze assets of some Iranian companies, officials...
- Bad Guy Roundup..iran, Their New Drones, Hizballah Rocket Ranges,
From Gertz, excerpted.. The Bush administration is quietly pressing European and Asian governments to join in a new effort to pressure Iran by curbing financial transactions with that country. Stuart Levey, treasury undersecretary for terrorism and financial...
Green Energy
For the NWO Aficionados
I've never much been one for the NWO/Illuminati conspiracy stuff. And if the governmens of the world are instead colluding on it well, then, from what we've seen it will be bungled badly anyway. But the NWO fans are sure to point a "See! See!" finger at this. Not that I'm a fan of a one world global economy, either. Found at Newsmax:
Bush Hands Over Reins of U.S. Economy to EUWednesday, November 19, 2008 2:28 PMBy: Dick Morris & Eileen McGann
The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy.
In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in total, to the Western European model of socialism, stagnation, and excessive government regulation.
Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merging with the Europeans is like a partnership with death.
At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary. Bush agreed to create a College of Supervisors.
According to The Washington Post, it would "examine the books of major financial institutions that operate across national borders so regulators could begin to have a more complete picture of banks' operations."
Their scrutiny would extend to hedge funds and to various "exotic" financial instruments. The International Monetary Fund (IMF), a European-dominated operation, would conduct "regular vigorous reviews" of American financial institutions and practices.
The European-dominated College of Supervisors would also weigh in on issues like executive compensation and investment practices.
There is nothing wrong with the substance of this regulation.
Experience is showing it is needed. But it is very wrong to delegate these powers to unelected, international institutions with no political accountability.
We have a Securities and Exchange Commission appointed by the president and confirmed by the Senate, both of whom are elected by the American people. It is with the SEC, the Treasury, and the Federal Reserve that financial accountability must take place.
The European Union achieved this massive subrogation of American sovereignty the way it usually does, by negotiation, gradual bureaucratic encroachment, and without asking the voters if they approve.
What's more, Bush appears to have gone down without a fight, saving his debating time for arguing against the protectionism that France's Nicolas Sarkozy was pushing.
By giving Bush a seeming victory on a moratorium against protectionism for one year, Sarkozy was able to slip over his massive scheme for taking over the supervision of the U.S. economy.
All kinds of political agendas are advancing under the cover of responding to the global financial crisis.
Where Franklin Roosevelt saved capitalism by regulating it, Bush, to say nothing of Obama, has given the government control over our major financial and insurance institutions. And it isn't even our government!
The power has now been transferred to the international community, led by the socialists in the European Union.
Will Obama govern from the left? He doesn't have to.
George W. Bush has done all the heavy lifting for him. It was under Bush that the government basically took over as the chief stockholder of our financial institutions and under Bush that we ceded our financial controls to the European Union.
In doing so, he has done nothing to preserve what differentiates the vibrant American economy from those dying economies in Europe.
Why have 80 percent of the jobs that have been created since 1980 in the industrialized world been created in the United States? How has America managed to retain its leading 24 percent share of global manufacturing even in the face of the Chinese surge?
How has the U.S. GDP risen so high that it essentially equals that of the European Union, whose population is 50 percent greater?
It has done so by an absence of stifling regulation, a liberation of capital to flow to innovative businesses, low taxes, and by a low level of unionization that has given business the flexibility to grow and prosper.
Europe, stagnated by taxation and regulation, has grown by a pittance while we have roared ahead. But now Bush — not Obama — Bush has given that all up and caved in to European socialists.
The Bush legacy? European socialism. Who needs enemies with friends like Bush?
The results of the G-20 economic summit amount to nothing less than the seamless integration of the United States into the European economy.
In one month of legislation and one diplomatic meeting, the United States has unilaterally abdicated all the gains for the concept of free markets won by the Reagan administration and surrendered, in total, to the Western European model of socialism, stagnation, and excessive government regulation.
Sovereignty is out the window. Without a vote, we are suddenly members of the European Union. Given the dismal record of those nations at creating jobs and sustaining growth, merging with the Europeans is like a partnership with death.
At the G-20 meeting, Bush agreed to subject the Securities and Exchange Commission (SEC) and our other regulatory agencies to the supervision of a global entity that would critique its regulatory standards and demand changes if it felt they were necessary. Bush agreed to create a College of Supervisors.
According to The Washington Post, it would "examine the books of major financial institutions that operate across national borders so regulators could begin to have a more complete picture of banks' operations."
Their scrutiny would extend to hedge funds and to various "exotic" financial instruments. The International Monetary Fund (IMF), a European-dominated operation, would conduct "regular vigorous reviews" of American financial institutions and practices.
The European-dominated College of Supervisors would also weigh in on issues like executive compensation and investment practices.
There is nothing wrong with the substance of this regulation.
Experience is showing it is needed. But it is very wrong to delegate these powers to unelected, international institutions with no political accountability.
We have a Securities and Exchange Commission appointed by the president and confirmed by the Senate, both of whom are elected by the American people. It is with the SEC, the Treasury, and the Federal Reserve that financial accountability must take place.
The European Union achieved this massive subrogation of American sovereignty the way it usually does, by negotiation, gradual bureaucratic encroachment, and without asking the voters if they approve.
What's more, Bush appears to have gone down without a fight, saving his debating time for arguing against the protectionism that France's Nicolas Sarkozy was pushing.
By giving Bush a seeming victory on a moratorium against protectionism for one year, Sarkozy was able to slip over his massive scheme for taking over the supervision of the U.S. economy.
All kinds of political agendas are advancing under the cover of responding to the global financial crisis.
Where Franklin Roosevelt saved capitalism by regulating it, Bush, to say nothing of Obama, has given the government control over our major financial and insurance institutions. And it isn't even our government!
The power has now been transferred to the international community, led by the socialists in the European Union.
Will Obama govern from the left? He doesn't have to.
George W. Bush has done all the heavy lifting for him. It was under Bush that the government basically took over as the chief stockholder of our financial institutions and under Bush that we ceded our financial controls to the European Union.
In doing so, he has done nothing to preserve what differentiates the vibrant American economy from those dying economies in Europe.
Why have 80 percent of the jobs that have been created since 1980 in the industrialized world been created in the United States? How has America managed to retain its leading 24 percent share of global manufacturing even in the face of the Chinese surge?
How has the U.S. GDP risen so high that it essentially equals that of the European Union, whose population is 50 percent greater?
It has done so by an absence of stifling regulation, a liberation of capital to flow to innovative businesses, low taxes, and by a low level of unionization that has given business the flexibility to grow and prosper.
Europe, stagnated by taxation and regulation, has grown by a pittance while we have roared ahead. But now Bush — not Obama — Bush has given that all up and caved in to European socialists.
The Bush legacy? European socialism. Who needs enemies with friends like Bush?
- Capital, An Amoral Force Moves, We Congratulate Mr. Obama
Financial Times: Europeans defy US to join China-led development bankFrance, Germany and Italy have all agreed to follow Britain’s lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts...
- Obama To Inherit “new Global Order” From Bush
From Accuracy In Media: The bankruptcy of Iceland, now receiving a $2.1 billion two-year loan from the International Monetary Fund (IMF) “to support an economic recovery program,” has been depicted as something that could never happen to America....
- What The Hell Is Happening?
Yesterday Berlusconi Says Leaders May Close World's Markets White House Dismisses Berlusconi's Remark Today Bush: US will work with partners on credit crisis WASHINGTON - President Bush emerged from a meeting with foreign financial officials...
- Well, Of Course, What Do You Expect? It's Europe
Europe resists America's Call To Curb Ties With Iran: European governments are resisting Bush administration demands that they curtail support for exports to Iran and that they block transactions and freeze assets of some Iranian companies, officials...
- Bad Guy Roundup..iran, Their New Drones, Hizballah Rocket Ranges,
From Gertz, excerpted.. The Bush administration is quietly pressing European and Asian governments to join in a new effort to pressure Iran by curbing financial transactions with that country. Stuart Levey, treasury undersecretary for terrorism and financial...