Friday, January 05, 2007
MANAGEMENT BY CRISIS - E-MAIL FROM LEE PENN
For those who doubt that those who seek global governance are ready to exploit crises to obtain their aim, I offer this recent quote from Business Week magazine.
Source: Michael Mandel, "Can Anyone Steer This Economy," Business Week, November 20, 2006, p. 60.
Quote (with bold type added by me):
"But what's needed is a new Big Idea for economic policy - or two or three competing Big Ideas - that accounts for the verities of the global economy. ...
Finally, a Big Big Idea - probably too big to even consider right now - would be the creation of global institutions for governing the world economy. History tells us that market economies are prone to financial crises, to which the only solution is a strong central bank. During the Asian financial crisis of the 1990s, for example, the Fed played that role.
But with the explosive growth of China and India, that sort of role for the Fed is no longer feasible, and no new institution has arisen to take its place. As former Treasury Secretary Robert E. Rubin, now a top official at Citigroup recently said, 'There's no policy mechanism for bringing together the countries that really matter in the global economy.' The best solution would be some sort of global central bank with real powers - but that's not going to happen until there's a big enough financial crisis to truly scare people."
[Mandel's entire article is on pp, 56-62, and it is the feature story on the magazine cover. I am not providing a link, since I am working from a hard copy.]
To read more about global governance and its proponents, go here:
http://www.falsedawn.us
for excerpts from my book about the interfaith movement, the New Age movement, and globalism.
Lee
