President Cllinton joins G-8 to Central Banks
Global integration beginning!
By Joan Veon
© 2003 WorldNetDaily.com
Posted: April 9, 2003
It is well known that the goal of war is to increase wealth (for the aggressor), change the balance of power and reorder the world. The meeting at Yalta between Roosevelt, Churchill and Stalin did just that – countries were redesigned and cut up in order to make the victors happy.
Out of the ashes of World War II, the International Monetary Fund, World Bank and United Nations were birthed. The goal was to provide the machinery to gradually move the world from individual nation-states to a world that would be one through integration. Since then, global events have been used to facilitate economic, political, trade, legal and military integration between the nation-states.
As a result of the 3-year global slowdown and the current war in Iraq, various economists and international organizations are calling for a special emergency meeting of the Group of Seven finance ministers and central bank governors to make emergency plans to protect the global economy from tanking by taking unprecedented and historic steps to harmonize the economic policies of countries.
Most recently, former President Bill Clinton told an audience that the biggest challenge of the current generation would be to "move from interdependence to integration." What Clinton was doing was taking President Kennedy's July 4, 1962, declaration one step further by saying we have effectively moved from interdependence to integration. Kennedy declared, "I will say here and now on this day of Independence that the United States will be ready for a Declaration of Interdependence – that we will be prepared to discuss with a United Europe the ways and means of forming a concrete Atlantic Partnership. Americans must learn to think continentally."
In his BusinessWeek column, economist Jeffrey Garten called on Bush to take Rooseveltian action and get his G8 counterparts to summon their ministers and central bank governors to look at a post-Saddam Hussein world. This meeting would help mend fences with the United Nations and our trans-Atlantic partnership, as well as give the G8 a mandate for the future.
Mr. Garten outlined four areas: (1) Deepen economic collaboration among key nations by showing that the global framework can't be tied together by "shared perceptions that the world economy should be organized according to a U.S. style capitalism;" (2) Map out a contingency plan if world markets don't respond positively after the war, or if there is a terrorist attack; (3) The G8 must "focus on preventing another global recession;" and (4) Keep the Doha round of global trade negotiations moving ahead positively. Each of these will further integrate financial, political, trade and legal ties.
It should be noted that from the beginning of the G8 in 1973, until September 1998, they always met alone. It was Clinton who requested that they meet with the world's most powerful central bank ministers. Now, together, they are being requested to shore up a shaky world. Since the central banks control the monetary system of their respective countries, Clinton's action to tie them together was monumental.
Entire article: http://www.wnd.com/2003/04/18178/