World Bank Lies For Globalist Agenda

This December 22nd report from the Financial Times of London notes that the World Bank fabricated evidence to promote it's pro-World State agenda. The first external audit of the controversial bank, now run by prominent neo-conservative Paul Wolfowitz, reveals that the Bank ignored research that contradicted it's pro-globalist policies.

This comes at a time when, according to a report from, half of the Bank's high-level executives resigned since Wolfowitz became President in 2005.

Such institutions as the World Bank have been rightly criticized by leftist and other groups for it's negative impact on Third World economies. Rightist groups have also exposed the Bank's promotion, along with the International Monetary Fund (IMF) for a global currency. As far back as 1994, the New American magazine informed their readers of the Bank's support for such a scheme.

Such institutions like the World Bank must be fought tooth and nail, as must any other that pushes for the goal of a World State. Let the poor nations of the world find out more about Distributism, as well as how it is being put into practice, and dependence on the World Bank will shrink.


morrisonbonpasse Wednesday, December 27, 2006 at 7:49:00 AM CST  

A Single Global Currency, managed by a Global Central Bank within a Global Monetary Union need not be part of a "Global State" or global government. The monetary unions of Europe, the Caribbean and Africa function quite well among independent states. True, monetary policy which is performed usually by central banks in nation states not in monetary unions is performed by the Central Bank of a monetary union.
Let's look at the benefits of a Single Global Currency (from the back cover of my book, "The Single Global Currency - Common Cents for the World"):

- Annual transaction costs of $400 billion will be eliminated.
- Worldwide asset values will increase by about $36 trillion.
- Worldwide GDP will increase by about $9 trillion.
- Global currency imbalances will be eliminated.
- All Balance of Payments problems will be eliminated.
- Currency crises will be prevented.
- Currency speculation will be eliminated.
- The need for foreign exchange reserves will be eliminated.
Such gains are realistic and attainable if the world decides to pursue them. The monetary unions of Europe, the Caribbean, Africa and Brunei/Singapore have shown the way.

Are not such benefits worth pursuing?

I call the Single Global Currency an example of "good globalization" like, for example, the metric system or the 12-month calendar or 24 hour/60 minute per hour day.

Sincerely, and for Common Cents,

Morrison Bonpasse
Single Global Currency Association
P.O. Box 390
Newcastle, ME 04553 USA

Roy F. Moore Thursday, December 28, 2006 at 10:40:00 PM CST  

With all due respect, Mr. Bonpasse, the detriments outweigh any posible benefits.

Distributism hold as an inviolable principle the belief of "subsidiarity": that is, taking care of economic and political matters at the lowest level possible. It also believes in national economic and political sovereignty, no matter how big or small the nation.

A single global currency violates these two principles.

Also a Global Central Bank and Monetary Union - logically - would need a governmental structure and police or military force to enforce it's policies and decrees.

And human nature being what it is since the Fall of Man in the Garden of Eden, such a concentration of power leads to massive corruption and tyranny.

I suggest you read Dr. Leopold Kohr's book "The Breakdown of Nations" and E. F. Schumacher's "Small Is Beautiful" for some solid philosophical reasons why schemes like a "Single Global Currency" are - in the end - bad for humanity.

Thank you for your time and attention.

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