Monday, September 07, 2009

And then?

The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War.

And for a global currency, you need global governance – in exactly the same way that for a single European currency you need a single European government. And who will run that "government"? Why, the UN of course.

We have been here before, except that the World Government advocates are coming out of the closet and getting more daring. First it was global warming – where "pollution" knows no boundaries. A "global" problem requires a global solution, etc, etc ... And now a global currency as the answer to a global financial crisis.

Be it the EU or the UN, the rhetoric is always the same – like peas in a pod, they look the same and think the same, and have the same solution to every problem: more and bigger government.