Paul Volcker’s Globalist Concept For BHO “Justice”
Last week a friend said that it looked like BHO didn’t have a plan when he picked his cabinet heads and White House staff but I strongly disagree. Obama’s entire entourage, collaborators and newly appointed confederates will comprise the most unnerving, single-minded, power grabbing assemblage in U.S. history.
Another friend even remarked that BHO’s choice of former Federal Reserve Chairman Paul Volcker as his top economic advisor is a refreshing appointment because Volcker will be a moderating voice in the White House inter-circle. I strongly disagreed with that statement as well, and I’m not alone in fearing this administration’s goals.
Volcker’s financial plans threaten Americans’ privacy
A conservative author and columnist says one of President Obama’s top economic advisors wants the U.S. Federal Reserve to coordinate its monetary and banking policies with the central banks of European and other socialist countries that have trouble keeping up with America’s capitalist financial system.
Former Federal Reserve Chairman Paul Volcker recently released a report through the Group of Thirty that calls for a “comprehensive overhaul of the national and international financial systems.” Volcker, the leader of President Obama’s newly created Economic Recovery Advisory Board, wants to add to the current system of international governance so there is more regulation and oversight by government entities at the global level.
But Tom Kilgannon, president of Freedom Alliance, says Volcker’s vision would require that new global institutions be created to regulate banks, stock markets, and individuals’ financial transactions. He notes the former Fed chairman advocates “harmonizing” tax rates among nations.
“One of the reasons why people like Mr. Volcker want to create these new international institutions and have more supervision globally of the financial markets is so that policies like this can be more easily implemented,” Kilgannon explains. “Harmonization of tax rates is a way for national governments to keep tax rates artificially high. It prevents competition for investment among nations.”
Kilgannon believes creating new global institutions to regulate the financial markets “will undermine America’s sovereignty and the privacy and security of America’s citizens.”
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"Paul Volcker’s Globalist Concept For BHO “Justice”"
February 19th, 2009 at 2:51 pm
[...] local cheerleader for the same globalist agenda being espoused by Gordon Brown, Timothy Geithner, Volcker, Greenspan, Kissinger, and the rest of the usual suspects. Perhaps in four years we can start [...]