Friday, April 23, 2010

Is the Bank Tax a Major Step Toward World Government?

Finance ministers and central bank governors are in Washington D.C. this weekend for a G-20 meeting, in preparation for the G-20 Summit to held in November in South Korea.

Hyun Song Shin, special economic advisor to the President of South Korea, gave a briefing today at the National Press Club on the G-20 activities. I attended.

During the Q & A, I asked Shin if the plans for a global bank tax had caused concern by anyone at the G-20 meeting that the tax was moving in the direction of creating a one world government. His answer scared the hell out of me.

He said that, no it was not moving in that direction because "There is no legal basis for the meetings."

In other words, there are no restrictions on the G-20 participants. They are not part of any agency that has a specific mandate. They are not part of any global agreement. It's a wild west show, without any adult supervision.

Expect future moves in global domination to take this ad hoc approach. It results in fewer roadblocks and opposition because there is no, as Shin put it, legal basis for such meetings. It's just "members coming together where there is mutual benefit."

Once they have most of a particular plan down and in place, they will form some organization to patrol what they have created for a given sector, but the serious planning is done at these wild west events.

As for the specifics of the global bank tax, as I pointed out on Wednesday, when discussing the tax:
One key point to note is that the tax will be based on "riskiness" where government paper will most assuredly be ranked as least risky, thus driving banks funds in the direction of propping up the government debt sector at the expense of the productive private sector.
The tax can thus be used to drive funds to the government financial securities markets and to other politically favored investment sectors. If a sector isn't in good favor with the global elite, they will tax financial instruments coming out of that sector at a higher rate. Banks will  make a lot fewer loans in sectors where instruments are heavily taxed.

Manipulative macro madness will be upon us with this move. The coming control of the financial sector at a global level will be something never before seen on the planet.The global elite are winning.


  1. What goes around comes around. The response that "scared the hell" out of Wenzel is very similar to Al Gore's "no governing legal authority" which was his response about (as I recall) questionable international fund raising activities he and Bill Clinton engaged in. Apparently a popular strategy for global statists.

  2. Wenzel,

    Thank you for the last sentence. If I hear one more person point to the Tea Parties as evidence that Leviathan is getting rolled back and Americans, of all the world's slaves, are waking up en masse... I'm going to punch someone's lights out!

    The global elite are definitely on a roll right now. Fear enamors the common man of his masters. PAIN is what makes the common man resent them but the truth is, as bad as things have been lately, most people aren't in pain yet.

    If you want an example of the type of pain a person must experience before he begins to resent his tyrant, check out what is going on in Iraq, for example. When you have a.) your business destroyed arbitrarily in a military skirmish b.) your family murdered by an 'errant' bomb dropped from 10,000 feet up in the sky c.) yourself carried off, interrogated and tortured only for your captors to realize you're the wrong guy d.) to watch your child maimed for life after stepping on a landmine while playing with friends or e.) any/all of the above... that's when you experience pain and dedicate your energies to fighting back.

    But until then, you'll just sit on your couch, watch your propaganda TV, eat your way to diabetes and watch your savings and financial future pissed away through inflation and horrible governmental policies.

    The global elite are winning.