One big happy family
This is insane -- we are giving up our Republic without a whimper.
From the
UK Telegraph:
UN wants new global currency to replace dollar
In a radical report, the UN Conference on Trade and Development (UNCTAD) has said the system of currencies and capital rules which binds the world economy is not working properly, and was largely responsible for the financial and economic crises.
It added that the present system, under which the dollar acts as the world's reserve currency , should be subject to a wholesale reconsideration.
Although a number of countries, including China and Russia, have suggested replacing the dollar as the world's reserve currency, the UNCTAD report is the first time a major multinational institution has posited such a suggestion.
In essence, the report calls for a new Bretton Woods-style system of managed international exchange rates, meaning central banks would be forced to intervene and either support or push down their currencies depending on how the rest of the world economy is behaving.
And be sure to check out the
300+ comments to the above post.
Well... It's not like Obama is getting all kissey-face with the UN
From
Financial Times:
Obama to seal US-UN relationship
Barack Obama will cement the new co-operative relationship between the US and the United Nations this month when he becomes the first American president to chair its 15-member Security Council.
The topic for the summit-level session of the council on September 24 is nuclear non-proliferation and nuclear disarmament � one of several global challenges that the US now wants to see addressed at a multinational level.
�The council has a very important role to play in preventing the spread and use of nuclear weapons, and it�s the world�s principal body for dealing with global security cooperation,� Susan Rice, US envoy to the UN, said last week.
And we all know just how
effective impotent and corrupt the United Nations is...
Posted by DaveH at September 8, 2009 2:47 PM