Monday, September 29, 2008

Global Financial System?

1 United States DollarThe Prime Minister of the United Kingdom, Mr. Gordon Brown, speaking at UN Headquarters, wants a new financial order. So the UN News Centre reports, also reporting a similar approach by the Prime Minister of the Commonwealth of Australia.

Gordon Brown wants “transparency,” which probably means that no bird shall fall to the ground without the government having it on record. He also wants “oversight of global capital flows,” which probably means that no man can tax-free go where man has or has not gone before.

It is indeed interesting that the solution to the failure of a central bank run system with fiat currencies is a more centralized system. Are we to have a global central bank now? A global fiat currency?

Media Monarchy has more on a “new financial world order.”

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