We Are Fixing to Be Devestated Monetarily ...

i don't remember giving any organization ultimate power over my country. An organization whose members have NO VETO POWER! Ludicrious. But that that is Washington D.C.

NO to this UN fiasco and No to the UN. Shed ourselves of failure and corruption. The UN belongs in Europe ... send it home and cut is funding totally.

 

 

Wishlists for a new world order


Economic Times  | http://economictimes.indiatimes.com/News/Economy/Indicators/Wishlists-for-a-new-world-order/articleshow/4306834.cms

3/23/09

 

An expert UN commission headed Joseph Stiglitz has recommended that a new global super body called the Global Economic Council be set up to   replace the G20, under the aegis of the UN, with wider powers to tackle global issues and independent of the security council.

Key recommendations of the expert panel argue that the new body should include about 20 to 25 members, and should not be subject to the veto powers of the developed nations.

The panel has also called for a reserve system that would provide support to developing countries on an ongoing basis, and set aside up to 1% of their fiscal stimulus plans to spend in developing countries.

Meanwhile, the Chinese leadership has come out with its idea of a new global monetary system, calling for an expansion in the role and use of SDRs (special drawing rights) to replace the dollar as the world’s main reserve currency.

The SDR, a super soverign reserve asset created by the IMF is currently limited by the rules on its allocation and scope. The governor of the People’s Bank of China, the Chinese central bank, in a speech called for an international reserve currency that is disconnected from individual nations.

China, it is known, has long been unhappy about the volatitility of the dollar, and is expected to press its case strongly in future global forums.


 

Josie06 Josie06
56-60, F
4 Responses Mar 24, 2009

Amen, I am tired of being told our vote counts, when it doesn't, what I can do with my money, my health insurance, the whole nine yards. Why is it that at 56 I need someone in government to tell me how to live. And if I want to donate to a cause I find worthy, I can do it on my own!

The U.N. was originally intended to make geopolitical lines more than imaginary, it was to make them law, to invade another country was illegal.<br />
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But, the U.N. stood idle as Tibet was overtaken, the U.N. has since been an ineffective humanitarian agency. <br />
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The principle shaping the U.N. today is implied responsibility, apparently it is a world wide belief that you can't fill a room with medical doctors and an ill patient and allow the doctors to ignore him/her. <br />
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The U.N. has been trying to be something it is not for a long time.

The UN wants to tax us. The UN wants to command our military. The UN wants our money. <br />
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Now the UN wants to be the regulators of money around the globe.<br />
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Too many scandals and fiasco's in their existence to truly be in charge of ANYTHING.

I agree the UN needs to go away and mind it's own business. If they want to help with needs around the world of people (food, clothing and such) that's fine but they need to stay out of governments. The US also needs to stop funding them with more than anyone else.