Thursday, April 02, 2009

"A new world order that's less U.S.-centric"

The long, and increasingly fast-paced, march toward a new world order continues:

Global leaders took their biggest steps yet toward a new world order that’s less U.S.-centric with a more heavily regulated financial industry and a greater role for international institutions and emerging markets.

At the end of a summit in London, policy makers from the Group of 20 yesterday delivered a regulatory blueprint that French President Nicholas Sarkozy said turned the page on the Anglo-Saxon model of free markets by placing stricter limits on hedge funds and other financiers. The leaders also pledged to triple the resources of the International Monetary Fund and to hand China and other developing economies a greater say in the management of the world economy.

Frankly, I'm not particularly concerned about the actions of other countries. But I have strong feelings about America and our wonderful Constitution.

First, why must America "manage the world economy?" IMO, we need to dramatically regulate our economy beginning here:

The Congress shall have Power... To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures (US Constitution, Article I, Section 8)

Then we need to extricate ourselves from all of the international alliances, such as the IMF. We don't need to waste more money on bailouts for more of Geithner's Friends in High Places. And we really don't need to be getting any cozier with these guys:

As an American, I distinguish between being an isolationist and being acquaintances with all countries. I suggest President Obama read the words of President Washington. We need to begin minding our own business and also strengthen our own currency through deficit reduction measures.

Tim White

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