ECONOMIC CONTROL
Economic: The management of Wealth & Resources.
The G 20, the world`s richest nations, have now brought together key financial institutions and are empowering them to oversee the world`s economies.
STANDARDS – The Financial Stability Board. (FSB)
This was a forum (FSF – Financial stability forum) bringing together the world `s finance ministers, central bankers and financial bodies, but after the 2008 world financial crisis, the G 20 empowered it to become a `legal` institution, the FSB, the Financial Stability Board.
They have been commissioned to establish Principles and Standards for the World`s Financial Institutions. These are being implemented in different countries, and followed up by a monitoring process with peer reviews.
When non-cooperation is identified, then the names are published. This public exposing, `name & shame,` shows the world`s system`s purpose – to control.
FINANCIAL – The International Monetary System. (IMF)
The International Monetary System, (IMF) has also been empowered by the G 20 and is achieving Global status as the world`s financial `Saviour.` Billions of dollars have been made available through the IMF to countries whose economies are collapsing. Those who borrow are truly `servant of the lender` and have to make great structural reforms to their economies.
The IMF uses Special Drawing Rights (SDR`s) as its `currency.` This has given the holder a choice of four currencies to borrow from – Pound, Dollar, Euro & Yen.
However, recently China has been added to the IMF`s `basket` of currencies. This will have the effect of moving the world`s reliance on the US dollar and move confidence to the IMF`s `currency` of Special Drawing Rights,` (SDR). At the moment there are nearly 200 countries and some international organisations also using Special Drawing Rights.
As SDR`s become more popular it will replace the US dollar and serve as the world monetary reserve, moving from a single system to a multi-lateral system. After the next world financial crisis, the IMF will be empowered to become the world central bank. It`s currency will be called `Bancor` and be freely available alongside national currencies. Eventually it will become the major currency of the world making available `buying & selling.`
Economic: The management of Wealth & Resources.
The G 20, the world`s richest nations, have now brought together key financial institutions and are empowering them to oversee the world`s economies.
STANDARDS – The Financial Stability Board. (FSB)
This was a forum (FSF – Financial stability forum) bringing together the world `s finance ministers, central bankers and financial bodies, but after the 2008 world financial crisis, the G 20 empowered it to become a `legal` institution, the FSB, the Financial Stability Board.
They have been commissioned to establish Principles and Standards for the World`s Financial Institutions. These are being implemented in different countries, and followed up by a monitoring process with peer reviews.
When non-cooperation is identified, then the names are published. This public exposing, `name & shame,` shows the world`s system`s purpose – to control.
FINANCIAL – The International Monetary System. (IMF)
The International Monetary System, (IMF) has also been empowered by the G 20 and is achieving Global status as the world`s financial `Saviour.` Billions of dollars have been made available through the IMF to countries whose economies are collapsing. Those who borrow are truly `servant of the lender` and have to make great structural reforms to their economies.
The IMF uses Special Drawing Rights (SDR`s) as its `currency.` This has given the holder a choice of four currencies to borrow from – Pound, Dollar, Euro & Yen.
However, recently China has been added to the IMF`s `basket` of currencies. This will have the effect of moving the world`s reliance on the US dollar and move confidence to the IMF`s `currency` of Special Drawing Rights,` (SDR). At the moment there are nearly 200 countries and some international organisations also using Special Drawing Rights.
As SDR`s become more popular it will replace the US dollar and serve as the world monetary reserve, moving from a single system to a multi-lateral system. After the next world financial crisis, the IMF will be empowered to become the world central bank. It`s currency will be called `Bancor` and be freely available alongside national currencies. Eventually it will become the major currency of the world making available `buying & selling.`
