Why We Need A Global Central Bank
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http://www.newsweek.com/id/165772/[^] The financial crisis is global, and only an international central bank can deal with. A "Global" Central Bank. That is scary. Wouldn't it be great if we had some sort of, oh, I don't know... scarce, inert material that was cleanly divisible, impossible to counterfeit and a highly portable store of wealth that would be recognized in any country on the planet? Oh, I forgot, that's a barbarous relic, because you're only allowed to SPEND WHAT YOU HAVE. I have a question: When the International Central Bank is creating trillions of "dollars" out of thin air, whose liability is it going to be? The Martians?
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http://www.newsweek.com/id/165772/[^] The financial crisis is global, and only an international central bank can deal with. A "Global" Central Bank. That is scary. Wouldn't it be great if we had some sort of, oh, I don't know... scarce, inert material that was cleanly divisible, impossible to counterfeit and a highly portable store of wealth that would be recognized in any country on the planet? Oh, I forgot, that's a barbarous relic, because you're only allowed to SPEND WHAT YOU HAVE. I have a question: When the International Central Bank is creating trillions of "dollars" out of thin air, whose liability is it going to be? The Martians?
That is why either a one world government is inevitable or no government anywhere at all is. The only way you can have a global central bank is if you have a global central government. The only question is what will the nature of that government be, not whether it will exist.
Chaining ourselves to the moral high ground does not make us good guys. Aside from making us easy targets, it merely makes us idiotic prisoners of our own self loathing.
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http://www.newsweek.com/id/165772/[^] The financial crisis is global, and only an international central bank can deal with. A "Global" Central Bank. That is scary. Wouldn't it be great if we had some sort of, oh, I don't know... scarce, inert material that was cleanly divisible, impossible to counterfeit and a highly portable store of wealth that would be recognized in any country on the planet? Oh, I forgot, that's a barbarous relic, because you're only allowed to SPEND WHAT YOU HAVE. I have a question: When the International Central Bank is creating trillions of "dollars" out of thin air, whose liability is it going to be? The Martians?
The need for an international lender of last resort has existed for some time. The IMF is supposed to fill that role, that's why you conspiracy nuts hate them so much.
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
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That is why either a one world government is inevitable or no government anywhere at all is. The only way you can have a global central bank is if you have a global central government. The only question is what will the nature of that government be, not whether it will exist.
Chaining ourselves to the moral high ground does not make us good guys. Aside from making us easy targets, it merely makes us idiotic prisoners of our own self loathing.
Stan Shannon wrote:
The only question is what will the nature of that government be, not whether it will exist.
Well, a global central bank will certainly be able to "knock the heads" of 'bad' countries.
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Stan Shannon wrote:
The only question is what will the nature of that government be, not whether it will exist.
Well, a global central bank will certainly be able to "knock the heads" of 'bad' countries.
CaptainSeeSharp wrote:
Well, a global central bank will certainly be able to "knock the heads" of 'bad' countries.
Why will it ? All these scenarios will only exist if all the countries of the world surrender their sovereinty.
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
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The need for an international lender of last resort has existed for some time. The IMF is supposed to fill that role, that's why you conspiracy nuts hate them so much.
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
Christian Graus wrote:
The IMF is supposed to fill that role, that's why you conspiracy nuts hate them so much.
There is one problem with the IMF that a global central bank would take care of, that is the IMF cannot inflate the currency or dictate economic policies of nations. The Bank of the World as they call it would be able to regulate the currencies of the world, and manipulate the economy on a global scale.
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CaptainSeeSharp wrote:
Well, a global central bank will certainly be able to "knock the heads" of 'bad' countries.
Why will it ? All these scenarios will only exist if all the countries of the world surrender their sovereinty.
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
Christian Graus wrote:
Why will it ?
To force bad countries financially to submit to the 'global community'. Lets take Iran for instance, they could put a halt to their nuclear funding and 'punish' them financially since they would be utterly dependent on the global financial system. They could halt all new loans to Iran, increase interest rates, call in loans, ...
Christian Graus wrote:
All these scenarios will only exist if all the countries of the world surrender their sovereinty.
The EU is a prime example of that.
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Christian Graus wrote:
The IMF is supposed to fill that role, that's why you conspiracy nuts hate them so much.
There is one problem with the IMF that a global central bank would take care of, that is the IMF cannot inflate the currency or dictate economic policies of nations. The Bank of the World as they call it would be able to regulate the currencies of the world, and manipulate the economy on a global scale.
And as always, your real problem is the fantasy that all the countries of the world would allow this.
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
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Christian Graus wrote:
Why will it ?
To force bad countries financially to submit to the 'global community'. Lets take Iran for instance, they could put a halt to their nuclear funding and 'punish' them financially since they would be utterly dependent on the global financial system. They could halt all new loans to Iran, increase interest rates, call in loans, ...
Christian Graus wrote:
All these scenarios will only exist if all the countries of the world surrender their sovereinty.
The EU is a prime example of that.
CaptainSeeSharp wrote:
The EU is a prime example of that.
The EU is a grouping of countries to work together, in the same way that the US was a grouping of states ( of similar sizes ).
CaptainSeeSharp wrote:
Lets take Iran for instance, they could put a halt to their nuclear funding and 'punish' them financially since they would be utterly dependent on the global financial system.
How so ? Does Iran have loans to this bank right now ( the one that does not exist ? ) How could Iran be forced to deal with this bank ?
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
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Christian Graus wrote:
The IMF is supposed to fill that role, that's why you conspiracy nuts hate them so much.
There is one problem with the IMF that a global central bank would take care of, that is the IMF cannot inflate the currency or dictate economic policies of nations. The Bank of the World as they call it would be able to regulate the currencies of the world, and manipulate the economy on a global scale.
That article you referenced, look at the bottom of page 2. I quote "To give it legitimacy, a global central bank would have to be governed in light of political realities. That means that its board would include not only the top financial officials of the United States, the U.K., the euro zone and Japan, but also China, Saudi Arabia, Brazil, South Africa and perhaps a few others." Note the words "political realities". Those nations mentioned, and others, have difficulties agreeing the most mundane of stuff at the United Nations. Finance is a more in-depth and serious subject. Do you really believe that these nations with their diverse political realities are going to find common ground over financial matters. And please don't suggest that the EU is a model to look at. Firstly, not all members of the EU talk with a united tongue. Not all EU members have a common currency. Not all EU members are moving at the same rate of knots. And all EU members are sovereign. Besides what Christian said, there is also the World Bank. Both IMF and World Bank have functions to perform within certain limitations and each have nations as stated in that article and others that are not mentioned as members with voting rights.
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CaptainSeeSharp wrote:
The EU is a prime example of that.
The EU is a grouping of countries to work together, in the same way that the US was a grouping of states ( of similar sizes ).
CaptainSeeSharp wrote:
Lets take Iran for instance, they could put a halt to their nuclear funding and 'punish' them financially since they would be utterly dependent on the global financial system.
How so ? Does Iran have loans to this bank right now ( the one that does not exist ? ) How could Iran be forced to deal with this bank ?
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
Christian Graus wrote:
that the US was a grouping of states ( of similar sizes ).
But we have become "one from many" and the states are discovering they have less and less individual sovereignty. When, I wonder, does the E.U. get its Abraham Lincoln who discovers that the member states have no right to secede and who will use force to prevent them from doing so?
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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That article you referenced, look at the bottom of page 2. I quote "To give it legitimacy, a global central bank would have to be governed in light of political realities. That means that its board would include not only the top financial officials of the United States, the U.K., the euro zone and Japan, but also China, Saudi Arabia, Brazil, South Africa and perhaps a few others." Note the words "political realities". Those nations mentioned, and others, have difficulties agreeing the most mundane of stuff at the United Nations. Finance is a more in-depth and serious subject. Do you really believe that these nations with their diverse political realities are going to find common ground over financial matters. And please don't suggest that the EU is a model to look at. Firstly, not all members of the EU talk with a united tongue. Not all EU members have a common currency. Not all EU members are moving at the same rate of knots. And all EU members are sovereign. Besides what Christian said, there is also the World Bank. Both IMF and World Bank have functions to perform within certain limitations and each have nations as stated in that article and others that are not mentioned as members with voting rights.
Richard A. Abbott wrote:
And all EU members are sovereign.
Except when it comes to what carrots can be sold and what ones must be thrown to the pigs ;)
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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CaptainSeeSharp wrote:
Well, a global central bank will certainly be able to "knock the heads" of 'bad' countries.
Why will it ? All these scenarios will only exist if all the countries of the world surrender their sovereinty.
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
Christian Graus wrote:
All these scenarios will only exist if all the countries of the world surrender their sovereinty.
Governments have been surrendering their sovereignty to the economy sense the dawn of human civilization. And, btw, don't they teach you people how to spell in Oz? ;P
Chaining ourselves to the moral high ground does not make us good guys. Aside from making us easy targets, it merely makes us idiotic prisoners of our own self loathing.
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Richard A. Abbott wrote:
And all EU members are sovereign.
Except when it comes to what carrots can be sold and what ones must be thrown to the pigs ;)
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
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Christian Graus wrote:
that the US was a grouping of states ( of similar sizes ).
But we have become "one from many" and the states are discovering they have less and less individual sovereignty. When, I wonder, does the E.U. get its Abraham Lincoln who discovers that the member states have no right to secede and who will use force to prevent them from doing so?
Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin
Oakman wrote:
and the states are discovering they have less and less individual sovereignty
The idea of sovereignty of states, when you're supposed to be a country, seems flat out insane to me. The EU is not a country, the analogy is not perfect.
Oakman wrote:
When, I wonder, does the E.U. get its Abraham Lincoln who discovers that the member states have no right to secede and who will use force to prevent them from doing so?
Political reality means both that the EU will become more tight knit, but that I doubt it will become an effective country in the near future. In any case, the EU model does not scale to the idea of the entire world grouping together in a similar way. The US is the first country that I would think of who would never submit to such a thing.
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
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Christian Graus wrote:
All these scenarios will only exist if all the countries of the world surrender their sovereinty.
Governments have been surrendering their sovereignty to the economy sense the dawn of human civilization. And, btw, don't they teach you people how to spell in Oz? ;P
Chaining ourselves to the moral high ground does not make us good guys. Aside from making us easy targets, it merely makes us idiotic prisoners of our own self loathing.
Stan Shannon wrote:
the economy sense the dawn of
Since we are pointing things out...
I'm pretty sure I would not like to live in a world in which I would never be offended. I am absolutely certain I don't want to live in a world in which you would never be offended. Dave
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Christian Graus wrote:
All these scenarios will only exist if all the countries of the world surrender their sovereinty.
Governments have been surrendering their sovereignty to the economy sense the dawn of human civilization. And, btw, don't they teach you people how to spell in Oz? ;P
Chaining ourselves to the moral high ground does not make us good guys. Aside from making us easy targets, it merely makes us idiotic prisoners of our own self loathing.
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Christian Graus wrote:
All these scenarios will only exist if all the countries of the world surrender their sovereinty.
Governments have been surrendering their sovereignty to the economy sense the dawn of human civilization. And, btw, don't they teach you people how to spell in Oz? ;P
Chaining ourselves to the moral high ground does not make us good guys. Aside from making us easy targets, it merely makes us idiotic prisoners of our own self loathing.
Stan Shannon wrote:
sovereignty
Weird, I wasn't sure how to spell it, so I gave it a stab, did a right click and let Safari correct it for me. Real browsers do that, you know.
Stan Shannon wrote:
Governments have been surrendering their sovereignty to the economy sense the dawn of human civilization
'sense' the dawn ? Was that a hidden joke ?
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
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The poor bloke's probably in shock. And so is nearly all of Oz. Unceremoniously dumped out of the Twenty20 tournament.
I don't even know what that is.... :P
Christian Graus Driven to the arms of OSX by Vista. "! i don't exactly like or do programming and it only gives me a headache." - spotted in VB forums. I can do things with my brain that I can't even google. I can flex the front part of my brain instantly anytime I want. It can be exhausting and it even causes me vision problems for some reason. - CaptainSeeSharp
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The poor bloke's probably in shock. And so is nearly all of Oz. Unceremoniously dumped out of the Twenty20 tournament.