Updated: Jul 15
“THE ONE THING THAT MIGHT SAVE THE WORLD FROM ECONOMIC COLLAPSE” (an excerpt from the NY TIMES, Adam Tooze)
“As politicians and parliaments struggle with the economic catastrophe brought on by the coronavirus pandemic, central banks have reached for the playbook of the 2008 global financial crisis. They are pumping liquidity into the banking system and trying to prop up key asset markets with large-scale purchases. This is helping to staunch the panic, but the shock is a global one — and it needs a global response.
“For the second time this century, the world is facing an acute shortage of dollar funding. This is a big problem: An enormous amount of global financial activity depends on the use of the dollar. If we are to contain the fallout from the crisis, America’s central bank must act as a lender of last resort not just to America’s financial system but also to the entire world’s.
“The good news is that the Federal Reserve is taking its responsibility seriously: It is funneling dollars to central banks around the world. But is the Fed fighting the last war?”
(end of excerpt)
Main points of this article:
America’s central bank must act as a lender of last resort not just to America’s financial system but also to the entire world‘s.
And it needs a Global response.
The governments and politicians are pumping liquidity into the banking system and trying to prop up key asset markets with large-scale purchases.
This is helping to staunch the panic, but the shock is a Global one.
the Federal Reserve is taking its responsibility seriously: It is funneling dollars to banks around the world.
“But, is the Fed fighting the last war?”
This is the specter of a Socialist Globalist power grab. A Globalist lunge for their dream of a long awaited One World Government – their “Utopia”.
Proponents of Globalism believe in a global citizenship; that is, the problems of humanity can be resolved with ‘Democratic’ Globalism. ‘Democratic’ Globalism purports that all people matter, no matter where they live, and that universal freedom and human rights can be fostered for all mankind. World citizens believe in ‘civic globalism’ and that by thinking globally and acting locally they can effect positive change across all barriers.
It is the same ideology of Communism. In fact, the Communist manifesto claims that Socialism is just a necessary step to Communism and then must be done away with.
It is the same ideology which murdered over 259,000,000 people worldwide since 1900.
Socialists and communists say Globalism is the key to worldwide prosperity. But, the truth is that Globalists say it is a key to worldwide prosperity but they know it is the key to controlling people under the dictatorial rule of godless communism.
“The task before UNESCO,” said its first Director-General Julian Huxley in 1946, is “the emergence of a single world culture by transferring full sovereignty from separate nations to a world organization.”
The “new world order” will be a socialist, authoritarian global government and court with “global rule of law” and a “one-world economy,” according to the Commission for Global Governance.
The recommendations of the Commission on Global Governance http://ruby.fgcu.edu/courses/twimberley/EnviroPhilo/OurGlobalNeighborhood.pdf, if implemented, will bring all the people of the world into a global neighborhood managed by a world-wide bureaucracy, under the direct authority of a minute handful of appointed individuals, and policed by thousands of individuals, paid by accredited NGOs, certified to support a belief system which contains ideas that are foreign to the American experience, and ignores other values and ideas that are precious to the American experience.
All of this thanks to a manipulated worldwide pandemic.
So, what can we who recognize the threat posed by this ‘pandemic inspired power grab’, do to protect ourselves and preserve our way of life?
Read about what we can do – must do – in response at https://www.whitestone2014.com/globalism-and-the-tower-of-babel.And please, take this seriously and literally.
Your Brother and Friend,
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