Debt and Geithner’s loose lips prompt UN to advance power grab; Ki-moon wants $1 trillion bailout

The UN's opulent headquarters would fetch a good price on the real estate market.UN secretary-general Ban Ki-moon wants $1 trillion for “developing countries to….weather the financial crisis.” And a UN panel of economic experts—no one has disclosed the names of all the panelists—wants to abandon the dollar and come up with a new global currency reserve system.

Pop media and the UN will be the death of America if we do not speak up. Now that US Treasury Secretary Tim Geithner’s loose lips about the dollar have bounced around the world, the UN has its eye on every bank account in the world.

Wire services issued dry accounts of the “UN panel of expert economists.’ Agence France Presse did a typically lousy job of getting the goods on this group. For one thing, that panel has a name and the name is nowhere to be found on the UN website at the time this column is being posted. AFP did a watered-down wrapup, noting, “The commission, led by US economist Joseph Stiglitz, a frequent critic of globalization and unbridled free markets, is primarily aimed at finding solutions for developing countries.”

When Stiglitz and other eggheads like him can open a lemonade stand and make a profit, maybe I’ll respect him. All these “experts” do is theorize and look where it’s got us. Most of them have never run a business in their lives. There is a report on the meeting at the UN website.

Stiglitz was Clinton’s man—the chair of President Bill Clinton’s Council of Economic Advisors. I get the feeling he doesn’t like banks and he doesn’t like capitalism for sure. In ‘Principals for a New Financial Architecture,’ Stiglitz wrote: “Wall Street has polluted our economy with toxic mortgages. It should now pay for the cleanup.” He doesn’t mention international fraud and undocumented people inside and outside the US that definitely contributed to the mess. Note I am not talking about hard-working migrant laborers. I am talking about people who, from all over the world, defrauded lenders and knowingly traded in securities for the purpose of ill-gotten gains.

To be fair, Stiglitz does bring up predatory lending and some consumer-oriented ideas. You can read his report at the UN.

The UN General Assembly where the economic brains met was opened Mar. 26 by Park In-Kook of the Republic of Korea. He noted that the Commission’s recommendations would serve as an input for the United Nations conference on the financial crisis in June.

And here’s a blueprint for the mythic New World Order that is rapidly moving from myth to reality: “He [In-Kook] said the document also stressed that, as the world focused on the exigencies of the moment, the overarching priorities of other long-standing commitments -– namely the achievement of the Millennium Development Goals and protecting the world against the threat of climate change –- should not be diminished. In fact, appropriately designed global reform was an opportunity to accelerate progress towards meeting these goals. Towards that goal, the report recommended the creation of various new systems that deserved attention: the creation of a new credit facility; a panel to provide independent international analysis on questions of global economic policy modelled after the Intergovernmental Panel on Climate Change (IPCC); a global economic coordination council as an alternative to the Group of Twenty (G-20); a financial products safety commission; a global financial regulatory authority; a global competition authority; and an international bankruptcy court. “ The panel is, like our current politicos, apparently unaware of the US Constitution.

Hello? I thought we were a sovereign nation. And somebody needs to tell the UN there are a whole lot of scientists who do not agree with man-made climate change—the curse of Al Gore continues.

During the assembly, Stiglitz did give a nod to China’s hoarding of its own money, but he didn’t single China out by name. He wasn’t as easy on the US: “Meanwhile, the unbridled consumption of the United States consumer had kept the world going, he said. But the richest country in the world had been living beyond its means. When criticized, the response had been, ‘you should be thankful.’ But there was clearly a fatal flaw in the system if such outsize consumption was required to keep the economy going, and no one could disagree with the fact that this system was now broken, at great cost to everyone in the world. Moreover, after United States and European banks were fixed, it would be impossible to go back to the status quo ex ante, as insufficient aggregate demand would still exist. Spenders could not continue in their profligate lifestyles, and the technology and housing bubbles should not be replaced by other bubbles.”

You can thank the Clinton administration for that easy credit and historic deregulation and before him you can thank President Jimmy Carter. Here are the names and countries of the other commission members we know about—there is no list on the UN website of all the names: Heidemarie Wieczorek-Zeul, Federal Minister of Cooperation and Development of Germany; Benno Ndulo, Governor of the Bank of the United Republic of Tanzania; Pedro Paez, former Minister for Economic Coordination for Ecuador; and Yaga Venugopal Reddy, former Governor of the Reserve Bank of India. The session was moderated by Park In-Kook, Permanent Representative of the Republic of Korea. We also know Miguel D’ Escoto of Nicaragua was there, and Dominique Strauss Kahn, managing director of the International Monetary Fund.

You can read the ‘key perspectives’ paper from this panel as well.

American taxpayers have long fed developing nations, clothed them and sent record amounts of aid from the private sector. Congressman Ron Paul (R-Tex.) has repeatedly warned about the very events that are taking place at present, and he was widely derided by politicians, media and globalization proponents.

I don’t know about you but there is no way I want my money riding on an international monetary standard set by countries like Ecuador and Nicaragua. Should we buy gold and silver? You tell me.
Ban Ki-moon could care less about US citizens. The UN has increasingly become an anti-American, anti-Israel lobby dominated by others who, simply put, want to get their hands on US wealth. The best idea Sen. John McCain ever had was getting us out of that organization and forming a league of democracies. The day will come when Americans will wish we’d done that.

I’m not an alarmist, but the UN’s constant demands for money and power should concern anyone who wants to see America remain a sovereign nation. It’s obvious the current Congress and administration are handing us over to the world, caring only about an ideology that has never worked and never will. Before they’re done the whole world will be nothing more than a gigantic entitlement class ruled by political elitists who certainly will do no sacrificing themselves. Read through UN documents if you do not believe me.

Former Australian prime minister Paul Keating called Geithner a “gigantic fool.” He was right. And your Congress and president are spending, spending and spending, blaming President George Bush for what they inherited. Well, what they inherited doesn’t come close to the catastrophe they'll leave behind. And while all this is going on, pop media is not reporting it to you. It should be obvious where the major networks' and leftie newspapers' allegiances lie.