Sunday, July 12, 2009

G20 Summit Facts

  • Brown has consistently called for global regulation of the financial system as a means towards global governance. In a speech at St Paul’s Cathedral in London yesterday he again called for a new “global society”.
  • China and Russia brought the issue to the forefront of this week’s G20 when they jointly called for a new global reserve currency a week ago
  • A central focus of the G20 summit will be the proposal to supplant the dollar with a new global currency. Both the IMF and the United Nations threw their weight behind the implementation of a new global reserve currency system to replace the dollar, in the same week that Treasury Secretary Timothy Geithner told CFR globalists that he was “open” to the idea

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