In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘global institutions’

The Financial New World Order: Towards a Global Currency and World Government

Posted by seumasach on April 9, 2009

There are two different globalisation processes going on: that represented by Gordon Brown and that represented by Hugo Chavez. One is nothing other than the Anglo-American project for global hegemony; the other is born of the struggle of sovereign nations against it. Does Andrew Marshall really believe they are the same thing, and that all attempts to create a new global financial architecture are intrinsically subordinate to Washington and London. Or perhaps he believes that all global leaders are already subordinate to Washington and London, and engaged in a conspiracy against their own peoples. That would be bad news indeed, and would mean that our fate was sealed, people’s movements notwithstanding. The consolidation of regional blocks, outlined in this article, is precisely the crystalisation of the several poles of the multipolar world order , which we at ITNT believe to be the way forward. These powerful blocks, which will seek to become self contained as far as possible, in response to the collapse of world trade, will also serve as a counterweight to global institutions.  The question of how global institutions and the global monetary system can be adapted to this multipolar world order, is a fundamental question which I have cautiously begun to approach. It would appear that we are moving inexorably towards the definition of a new global leadership and that we have need of that. The question, then, is the form and nature of that leadership. But, I will concede Mr Marshall this: the construction of any new world order is premature until the definitive collapse of Anglo-American leadership and that in the meantime, the Brown-Obama initiatives must be blocked, as I expect them to be at every turn by Russia, China, Venezuela etc.

Andrew G. Marshall

Global Research

6th April, 2009


Following the 2009 G20 summit, plans were announced for implementing the creation of a new global currency to replace the US dollar’s role as the world reserve currency. Point 19 of the communiqué released by the G20 at the end of the Summit stated, “We have agreed to support a general SDR allocation which will inject $250bn (£170bn) into the world economy and increase global liquidity.” SDRs, or Special Drawing Rights, are “a synthetic paper currency issued by the International Monetary Fund.” As the Telegraph reported, “the G20 leaders have activated the IMF’s power to create money and begin global “quantitative easing”. In doing so, they are putting a de facto world currency into play. It is outside the control of any sovereign body. Conspiracy theorists will love it.”[1]

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Ahmadinejad: World economic system ‘unfair’

Posted by seumasach on March 11, 2009

Iranian President Mahmoud Ahmadinejad says the world monetary system serves the interests of global economic powers in an “unfair” way.

“The international economic order is unfair, inefficient and harmful to many countries,” Ahmadinejad said as he delivered a speech at the 10th Economic Cooperation Organization Summit in Tehran on Wednesday.
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Barroso defends EU’s handling of economic crisis

Posted by seumasach on March 11, 2009

Brown’s agenda is obviously floundering and its defeat should be clear at the G20

David Gow


11th March. 2009

The European commission president has hit back at US criticism that the EU is providing an inadequate economic stimulus for global recovery and accused the Obama administration of being averse to greater regulation of the financial sector.

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The spider’s web

Posted by seumasach on March 1, 2009


Stephen Gowans

What’s Left

26th February, 2009

A reporter for the Toronto Globe and Mail, Geoffrey York, says the warrant for the arrest of Sudanese President Omar al-Bashir, expected to be issued by the International Criminal Court next week, will be hailed as a sign that nobody is above the law and even a sitting president has no immunity from prosecution. (“ICC readies first arrest warrant against head of state,” February 26, 2009)

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