The Daily Bell - Oct. 6, 2010
Dominant Social Theme: The world needs a central bank and the IMF is ready to be one.
Free-Market Analysis: As we have written plenty of times before, it’s startling to see how fast the Anglo-American power elite is willing to move now toward a more specific and comprehensive global governance. When we read this article, even just the beginning, it was obvious to us what was going on. And then we came to this sentence: “It means a de facto obligation to provide unlimited liquidity in euros…but the IMF is not a central bank for the world.” Exactly. Is there a sub dominant social theme in the article. Perhaps so: “Pushback will continue but the IMF’s expanded role is inevitable.
Indeed, the IMF is being cast in some places as an inevitable precursor to a world central bank. It need only graduate from SDRs to bancors and then expand its monetary authority. Of course we’ve covered this evolution in the past, but we didn’t take it very seriously. The world moves slowly and is a complex place. But as we’ve seen (and commented on) over the past year, the Anglo-American elite seems to have shed any inhibitions about moving slowly or deliberately toward global governance goals.
It is in a race of some sort, though who or what it is running from or towards is not clear. But in picking up the pace in a kind of mad dash toward some unseen finish line, it is abandoning at least a century of deliberate, promotional construction designed to bring Western citizens in line with its goals. We’ve written we have no explanation. Let’s say for argument’s sake there are 6,000 in the ranks of the Anglo American familial elite. That still leaves six billion people that one needs to “bring along” presumably. But convincing people seems about the last thing on the mind of elite these days so far as we can tell. In aggregate, it gallops madly forward, careening out of control, oblivious to obstacles, increasingly leaving a trail of ruin behind.