If the idea of our monetary system being destroyed by the federal government isn't bad enough, Jeffrey Garten, a Council on Foreign Relations member and former policy planner under prominent Bilderberger Henry Kissinger, has penned a piece in the Financial Times of London calling for a "new global monetary authority" that would have the power to monitor all national financial authorities and all large global financial companies.
Garten, now a professor of business at Yale, served on the policy planning staff of Kissinger during his time as Secretary of State. He also served on the White House Council on International Economic Policy under the Nixon administration and went on to become the Undersecretary of Commerce for International Trade under Bill Clinton, thus proving once again the interchangability of the two parties. He is also a former managing director of Lehman Brothers, and his proposal for a global monetary regime will doubtless be as successful as Lehman Bros.
There are two kinds of "globalism." A Christian Globalism is a decentralized world of "Liberty Under God," without political borders; a world where everyone dwells safely under his own Vine & Fig Tree.
The more popularly-used concept of "globalism" is the kind proposed by Garten and other statists (those who worship the state). Once you accept the idea that the Free Market (capitalism) has inherent limitations that can only be overcome by "the State," then logical consistency will lead you to global socialism.
The current mortgage bailout is supported by those who are ignorant of the superiority of capitalism over socialism, as well as by those who are not, but seek global power over others. ht