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The Financial New World Order Continued from page 22 composed of a totalitarian global the Bank for International government structure. Settlements in Basle, Switzerland, a frustration with the current workings In fact, the very concept of a global _ private bank owned and controlled by of democratic government and currency and a global central bank is the world's central banks which were questioning among elites over the authoritarian in its very nature, as it themselves private corporations."” ability of democratic governments to removes any vestiges of oversight Indeed, the current "solutions" take the bold actions necessary to and accountability away from the being proposed to the global deal rapidly and effectively with the people of the world and toward a_ financial crisis benefit those who growing number of transnational small, increasingly interconnected caused the crisis over those who are challenges".” group of international elites. poised to suffer the most as a result As Carroll Quigley explained in his of the crisis: the disappearing CONCLUSION monumental book Tragedy and Hope: middle classes; the world's Ultimately, what this implies is "The powers of financial capitalism dispossessed, poor, indebted that the future of the global political had another far-reaching aim, nothing people. economy is one of increasing moves _ less than to create a world system ol The proposed solutions to this toward a_ global system’ of financial control in private hands able crisis represent the manifestations governance, or a world government, to dominate the political system of and actualisation of the ultimate with a world central bank and global each country and the economy of the generational goals of the global elite currency; and that, concurrently, world as a whole. and thus represent the least these developments are likely to This system was to be controlled in favourable conditions for the vast materialise in the face of and as a_ a feudalist fashion by the central majority of the world's people. result of a decline in democracy banks of the world acting in concert, It is imperative that the world's around the world and, thus, a rise in by secret agreements arrived at in people throw their weight against authoritarianism. frequent private meetings and_ these "solutions" and usher in a new government structure. In fact, the very concept of a global currency and a global central bank is authoritarian in its very nature, as it removes any vestiges of oversight and accountability away from the people of the world and toward a small, increasingly interconnected group of international elites. As Carroll Quigley explained in his monumental book Tragedy and Hope: "The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system o financial control in private hands able to dominate the political system o each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the centra banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be frustration with the current workings of democratic government and questioning among elites over the ability of democratic governments to take the bold actions necessary to deal rapidly and effectively with the growing number of transnational challenges".” CONCLUSION Ultimately, what this implies is that the future of the global political economy is one of increasing moves toward a_ global system of governance, or a world government, with a world central bank and global currency; and that, concurrently, these developments are likely to materialise in the face of and as a result of a decline in democracy around the world and, thus, a rise in authoritarianism. What we are witnessing is the creation of a New World Order, poor, NEXUS ¢ 79 Continued from page 22 Continued on page 80 AUGUST — SEPTEMBER 2009 www.nexusmagazine.com