Businessweek: The Case for a Global Central Bank

Businessweek Magazine now makes the case for a Global Central Bank.
The article speaks for itself. Those who still insist that we aren't creeping toward world government are either sadly misinformed, or are just kidding themselves.

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The Case for a Global Central Bank
With world finance increasingly intertwined, we'll need one sooner or later

By Jeffrey E. Garten

When the finance ministers and central bankers of the world's 20 largest economies gather in Pittsburgh on Sept. 24, they can congratulate themselves for averting a 1930s-type meltdown. But nothing the G-20 has done, or is likely to do, will prevent or substantially moderate the next global crisis. That will require deep-seated, global financial reforms. And for such change to take root, something else will be needed: the establishment of a global central bank.

I can hear the howls of critics. World Government! A Conspiracy of Bankers! In the U.S. Congress the aversion to such an institution would make the dogfight over health care look like a genteel dinner party. So right now there is zero chance that the U.S.—and other countries, such as China, that zealously guard their sovereignty—would support the idea. But if critics could suspend the hyperventilating for a few minutes, they'd realize a global central bank is becoming a necessity in today's complex, interconnected world economy.

Complete article here.

News Article: "A year after financial crisis, a new world order emerges"

By KEVIN G. HALL

McClatchy Newspapers

WASHINGTON -- One year after the near collapse of the global financial system, this much is clear: The financial world as we knew it is over, and something new is rising from its ashes.
Historians will look at September 2008 as a watershed for the U.S. economy.

On Sept. 7, the government seized mortgage titans Fannie Mae and Freddie Mac. Eight days later, investment bank Lehman Brothers filed for bankruptcy, sparking a global financial panic that threatened to topple blue-chip financial institutions around the world. In the several months that followed, governments from Washington to Beijing responded with unprecedented intervention into financial markets and across their economies, seeking to stop the wreckage and stem the damage.

One year later, the easy-money system that financed the boom era from the 1980s until a year ago is smashed. Once-ravenous U.S. consumers are saving money and paying down debt. Banks are building reserves and hoarding cash. And governments are fashioning a new global financial order.

Congress and the Obama administration have lost faith in self-regulated markets. Together, they're writing the most sweeping new regulations over finance since the Great Depression. And in this ever-more-connected global economy, Washington is working with its partners through the G-20 group of nations to develop worldwide rules to govern finance.
Full article HERE.

Is World Poverty Getting Worse, or Better?

You decide. (And for those wondering, the data does use real, inflation-adjusted, dollars.)

Universal Health Care? Hmm...Not So Fast

I've recently been becoming a pretty strong proponent of some form of nationalized health care coming into being here in America. It seemed like maybe it' s just an idea whose time has come. All the Democrat candidates for president are pledging to bring in national health care if they get into power, which seems likely right now. Hillary Clinton, in particular, has long been a major proponent of government-run health care. This is going to be a key issue of discussion during the 2008 campaign, so I'm sure we'll be hearing much more on this issue.

But now I'm not so sure. John Stossel of "20/20" had a powerful 1 hr special on ABC last night called "Whose Body is It Anyway?"that really made me think. The promo is available on Youtube. Stossel interviews Michael Moore, and picks apart key assertions from Moore's documentary "Sicko". Moore has been known for distorting the truth in his documentaries, so its no surprise that pretty soon we see that he's don the same thing in "Sicko" too. I'm convinced that those who advocate socialized medicine have not been telling us the whole story; and make no mistake, there is another side to the story that needs to be told. .

The ABC special is something I wish every American could see before deciding on nationalized health care. Our system now is far from perfect, but it still might be better than what the proponents of socialized health care want to change it to. We as Americans had better make the right choice, because if we change it to a government run plan, theres no turning back. And that might not be a good thing.

The promo video is below.

And by the way, those who keep telling us how wonderful Cuba is, with their "free health care", might want to check out this site: TheRealCuba.com

Robert Bazell of NBC has another persepective on the issue here: "Deciding Who Lives And Who Dies"