IIF calls for global bailout plan

Investment Executive ^ | Thursday, October 2, 2008 | James Langton

[hedgetrimmer]

Here is the Institute of International Finance press release Systemic Crisis Requires Extraordinary Actions – Final US Legislation and European Measures Needed for Globally Coordinated Approach, says IIF

Now you know who is orchestrating the 'bailout'. Can you say global government? How about centrally planned command economics?

[hedgetrimmer]

You may be interested in this.

[marshmallow]

I guess the socialists were right all along.

Capitalism is crap and destined to destroy itself. In the end, only government intervention can save us all.

It's nice to see the that the world's most avid capitalists (at least in the good times) have now come to their senses and are demanding that the state come to our rescue.

I guess a capitalist is really just a socialist who hasn't gone broke yet.

[Star Traveler]

You said — “I guess a capitalist is really just a socialist who hasn’t gone broke yet.”

Hmmm..., that sounds about right... LOL...

[ZULU]

Global buy-out?

GREAT idea.

GO talk to the Saudis.

[Star Traveler]

Well, here comes what the Bible was talking about, in that the “one-world leader” will use the global, financial system to his own ends. We see the “infrastructure” being prepared to be built, right now to put the U.S. and other nations under control of that one-world financial authority that the one-world leader will take control over. It is coming about just as the Bible talks about...

[unixfox]

An international lobby group for bankers is calling on the world's policymakers to put their American taxpayers' funds to work to save the global financial system.

There, fixed it!!

[UCFRoadWarrior]

Just wonder where all the Liberal Free Trade Globalists are hiding?

They are usually on here bestowing the values of doing stuff like trading with Commie China, and other nefarious wealth-redistribution schemes.

The Globalists have long been the Staged Moon Landing crowd...denying all the concerns and criticisms of Globalism.

Now the Globalists want a bailout. They should be sent a big middle finger, not one American cent

[ncfool]

Senator Obama's Global Poverty Act - A Threat to American Sovereignty 13 months ago the US House of Representatives passed the Global Poverty Act (HR 1302) that basically commits the U.S. to spending a minimum of 0.7 percent of its gross national product on foreign aid to developing countries. The bill was passed by a voice vote with no discussion of the effect this legislation will have on our sovereignty or the potential costs to the American taxpayers.

Attempts are currently being made to push Senator Barack Obama's version of the "Global Poverty Act" (S.2433) through the Senate's Foreign Relations Committee, although no hearings have been scheduled. If the Global Poverty Act is passed by both houses and signed by the President, American Sovereignty would suffer another blow by making US foreign aid spending subservient to the dictates and whims of corrupt United Nations bureaucrats.

The Global Poverty Act would require the President "to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the United Nations Millennium Development Goal of reducing by one-half the proportion of

While the goals of the Global Poverty Act sound laudable, the adoption of the UN supported plan will mandate the U.S. to pay 0.7 percent of its GNP in increased foreign aid spending that would add $65 billion a year to what the U.S. already spends. Over a 13-year period, from 2002 to the target year of 2015, when the U.S. is expected to meet the "Millennium Development Goals," this will amount to $845 billion.

America is the most generous country in the world in terms of how much it spends on foreign aid, not to mention the billions of dollars donated by individual Americans through private non-profit aid organizations. Let us continue to give the people of developing countries the aid they need, but don't give the corrupt United Nations any legal rights to tell us to whom and how much we should give.

Most of the poverty in the third world is created by corrupt governments that are oftentimes aided by corrupt UN bureaucrats. Much of the money we donate goes never gets to people we are supposed to be helping because of this corruption. Giving any control of our foreign aid funds to the corrupt United Nations will surely enhance, rather than reduce corruption. It will aggravate the current poverty levels, rather than reduce or eliminate them.

Americans should also be aware of another stated United Nations Millennium Development Goal that if implemented, will mandate the elimination of trading in small arms. The real goal of this particular mandate is to advance a worldwide gun control movement that ultimately will supersede the laws of all nations, including our own Second Amendment, which means nothing to the globalists at the United Nations.

Americans should not discount the growing power of international law, whether through changes in the United Nations charter and UN mandates, the World Trade Organization, Global Poverty Acts, Law of the Sea Treaty or the NAFTA and CAFTA treaties which are direct assaults on America's sovereignty. American citizens must understand that the forces behind the new world order movement and the expansion of the United Nations powers are hostile toward our Constitution and America's sovereignty.

[hedgetrimmer]

The IIF says, in the link, the action of creating this, is needed.

“Institutions and mechanisms for multilateral cooperation need to address the challenges of the 21st century while positioning the global economy to move through this difficult adjustment phase without succumbing to the forces of disintegration and nationalism.”

Note that nationalism is an anathema to these globalist groups. Nations get in the way of globalism, doncha know.

[hedgetrimmer]

Its awfully funny how this group has called for a bailout and got it, when 70% of citizens polled didn’t want it.

Also notice that the group wants a centrally controlled command economy.

Take care to see that the group thinks a nation favoring its own people is a problem that has to be mitigated on the creation of the global body to control the word’s economies.

“free trade” is the tool for global socialism. It began the work of eliminating “nationalism” in trade, and now they are eliminating “nationalism” with respect to our taxes.

[1rudeboy]

Just wonder where all the Liberal Free Trade Globalists are hiding?

Absence of evidence is not evidence of absence. Suprising how many FReepers have never figured it out. As if you think the rest of us will drop everything we're doing because someone discovered a lobbying group looking for a federal handout. That's some real revolutionary stuff. Never seen it before, no sir.

[Star Traveler]

You said — “Its awfully funny how this group has called for a bailout and got it, when 70% of citizens polled didn’t want it.”

I’m listening to McCain’s speech in New Mexico (the latest speech) and McCain severely criticizes Obama for not supporting the Bailout — saying that “he” (i.e., McCain) worked to actively support it.

That’s probably why it went through — because McCain supporters obviously have to support what their candidate supports...

[hedgetrimmer]

They are looking for the federal government to hand control over to a global body. Legislators did in fact build a mechanism to do so in the fraudulent ‘bailout’. You know that global socialism has been the goal of these internationalist bodies all along. With the US taxpayer funding every step, as I have pointed out many many times.

[hedgetrimmer]

We have been seeing the global Financial Stability Forum in the news frequently. Now we have an assistant secretary for Financial Stability.

Pretty soon, our tax money is going to be completely controlled by these global ‘finance’ groups because they need it to ‘bail out’ the world’s economies.

Check out G30, Paul Volcker the FSF and the IIF on the internet to see where the ‘bailout’ is taking us.

[AuntB]

“The focus should be on more efficient and more globally coordinated supervision, he said.”

Oh, yeah!! We need more of that!

Did I tell you I’ve become a full fledged Isolationist?

[hedgetrimmer]

It’s time to start putting this country first, that’s for sure!

[JSDude1]

Can you say: slave labor-that’s what we are because central bankers controll our currency!

[hedgetrimmer]

They control our currency and they can take taxes on our wages and give them to anyone in the world now.

How many people have even heard of these groups? Taxation without representation!