10/09/2008

Bankers Want World Economic Government To Solve Financial Crisis They Created

The world’s central bankers are gathering this week at the IMF-World Bank conference in Washington DC and are expected to grease the skids for the creation of a machinery of world economic governance under the pretext of preventing a repeat of the financial crisis, a global economic policeman to patrol a de-facto financial dictatorship.

Bilderberg member and recently appointed UK Business Secretary Peter Mandelson argued last week that new global solutions are needed because “the machinery of global economic governance barely exists”, adding: “It is time for a Bretton Woods for this century,” reports the Telegraph, noting that “Opinion is now hardening around the case for a new global architecture to enforce rules that ensure lessons are learnt.”

This followed the proposal to create a new EU body to regulate banks across the entire European financial market.

Top EU officials, including economy commissioner Joaquin Almunia, have stated that the EU should have greater powers to regulate and intervene in the operations of financial institutions across Europe. "
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