I thought it would take several months, but it took all of 3 days. It seems as though What The Next Globalist Agenda Might Be was onto something.
It appears the globalists are already setting the stage for a supranational currency cop to pave the way for fewer protectionist policies and competitive devaluations.
Oct. 10 (Bloomberg) -- Global governments tasked the International Monetary Fund with calming the recent outbreak of tensions over currencies amid signs they are already triggering a protectionist backlash.
“The IMF has an important role to play to help ensure that progress toward rebalancing strengthens,” U.S. Treasury Secretary Timothy F. Geithner said in a speech at the IMF’s annual meeting yesterday in Washington. “It is ultimately the responsibility of countries to act, but the IMF must speak out effectively about challenges and marshal support for action.”
“For lack of a better alternative, the IMF has to play an active role in trying to mitigate currency competition,” said Eswar Prasad, a senior fellow at the Brookings Institution and a former IMF official. “But the IMF power is really limited to persuasion because it has few good instruments to promote cooperation among member countries who are unwilling to modify their policies.”
The globalists hate competition of any kind. They want guaranteed returns backed by force. First the OECD, a Paris-based NGO, calls for an end to "harmful tax competition." And now the IMF is being trotted out to end currency competition.
You can be sure that their "better alternative" will soon be unveiled.
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