UN plans to release untapped wealth of $7 trillion (and solve the world's problems at a stroke)

Drudge ^

[no-to-illegals]

it does appear the UN is on the Lunatic Fringe.....

excuse me .... I couldn't resist....

[Viking2002]

The UN can bite my ass.

[tet68]

The UN. it's alway about someone else's money.

[Travis McGee]

Just wait until there is a global depression, and the 'rats are back in power in DC. They'll be pushing for world government and a global banking system and single currency like you wouldn't believe.

[Mr. Jeeves]

Top of the list is a challenge to the United States to join an international pollution permit trading system which, the UN claims, could deliver $3.64trn of global wealth.

Clearly, someone needs to go back to school and learn the definition of "wealth".

[Sundog]

How 'bout we start by giving Microsoft to the UN?

Declare all their stock is property of the UN and all their employees are UN employees...

Never mind.

[kenth]

Without government intervention [holding a gun to their heads], firms and households have no incentive to limit their pollution.

[Clintonfatigued]

"The price? An admission that the nation-state is an old-fashioned concept that has no role to play in a modern globalised world where financial markets have to be harnessed rather than simply condemned."

Now THAT is damned scary!

[NormsRevenge]

an unprecedented outbreak of co-operation between countries, applied through six specific financial tools, would slice through the Gordian knot of problems that have bedevilled the world for most of the last century.

--

Got Milk "The Mark of the Beast" ?

[pierrem15]

"a challenge to the United States to join an international pollution permit trading system which, the UN claims, could deliver $3.64trn of global wealth. "

i.e., transfer $3.6trn of American wealth to Euroscum bureaucrats and Third World thieves.

Stiglitz would be better off using his economic skills trying to open up the "Kofi-jar" at the UN to a little more transparency.

[Gribbles141]

The price? An admission that the nation-state is an old-fashioned concept that has no role to play in a modern globalised world where financial markets have to be harnessed rather than simply condemned.

In other words, the U.N. Secretary General is the head of the world.

No.

[Izzy Dunne]

backed by the UK, France, Italy, Spain, Sweden and the Bill and Melinda Gates Foundation

B and M get ranked right up there, don't they?

[Sundog]

Bill Gates should apply for membership.

His financial transactions are right up there with most member states.

[ccmay]

At the heart of the proposal, unveiled at a gathering of world business leaders at the Swiss ski resort of Davos, is a push to get countries to account for the cost of failed policies, and use the money saved "up front" to avert crises before they hit.

I don't have a clue what this means or how it is theoretically supposed to be to be implemented.

In practice, though, I am fairly confident that it is just another scheme to transfer money from American taxpayers to corrupt UN diplomats and Third World tyrants. That seems to be the main function of the UN nowadays.

-ccm

[don-o]

You bet your bippy.

Good grief; what a load of horse apples

[Thebaddog]

How are those jagoffs in Brussels doing with the EU? And they wish to up the ante.

[I_saw_the_light]

I have to agree. That statement scared the crap out of me. Not the statement on its own, but the fact that so many idiots buy into that kind of hogwash.

[Clara Lou]

No.
I was thinking something more like "he11, no."

[ridesthemiles]

From those most able to give to those most needy to recieve, or something like that.

You will have to get mine personally, and we shoot intruders at this ranch.