"The Fed and it's global counterparts"

update from: cui-bono-who-benefits

The Fed Gets a New Job Description: nytimes

"THE plan of Treasury Secretary Henry M. Paulson Jr. to overhaul the financial system includes a crucial proposal: it would officially transform the Federal Reserve into a “market stability regulator” rather than merely a banker’s bank."

"The Fed is no longer just a regulatory agency presiding over a narrow group of businesses called banks. Rather, its mission increasingly is to maintain macro confidence — confidence that the entire financial system is functioning well as part of the whole economy."

"In the new financial order, in fact, we do not clearly know what is or is not a bank, so a narrow definition of the mission of the central bank is no longer appropriate."

".....and we have to hope that the Fed and its global counterparts will do better in the future."
* * * * * * * * * * * * * * * *
What is the "Federal Reserve"?
fyi: Court Rules Federal Reserve is Privately Owned

Case Reveals Fed's Status as a Private Institution

"Below are excerpts from a court case proving the Federal Reserve system's status. As you will see, the court ruled that the Federal Reserve Banks are "independent, privately owned and locally controlled corporations", and there is not sufficient "federal government control over 'detailed physical performance' and 'day to day operation'" of the Federal Reserve Bank for it to be considered a federal agency": globalresearch
---------------------------------------------------------
and on the global scene, reading from the same script:

an update from: and-now-going-international

Leaders call for urgent financial reforms: reuters

"WATFORD (Reuters) - Centre-left leaders from around the world called on Saturday for urgent reform of global financial institutions to prevent a recurrence of the credit crisis."

"About a dozen leaders, brought together by Prime Minister Gordon Brown, issued a communique urging the International Monetary Fund to help develop an effective early warning system to guard against financial risks to the global economy."

"The leaders, also including South African President Thabo Mbeki, New Zealand Prime Minister Helen Clark and Austrian Chancellor Alfred Gusenbauer, gathered just before key Group of Seven and IMF meetings in Washington next week which will discuss the financial turbulence."

"Also attending were the heads of the IMF, World Trade Organisation (WTO), the African Development Bank and several U.N. agencies.'

"Brown said there was general agreement among the leaders on the need for new rules for disclosure and transparency for financial institutions.'

"Brown is pressing for global, rather than national supervision of financial markets and for banks to come clean on the losses they have suffered due to the sub-prime crisis."

"My feeling is that we are now reaching a stage where it (an agreement) could happen," he said.

follow the links.... connect the national/global dots for yourself
-----------------------------------------------
As seen, this so-called "new financial order" is much greater than a "simple restructuring to save the American economy", but is in fact the developing of a global financial behemoth in the control of a private cartel of would be global overlords. Don't miss the import of the cry of "urgency" being attached to these calls for 'global financial unity', as stated by Gordon Brown above. This whirlwind of change is blowing now, and it's definitely going to blow over you too: "the entire financial system" to quote the first article! Whether you own a business, or anything to do with real estate, stock market, etc. etc., 'they' will now 'own you'.

Can any deny that (to quote from above) "we are now reaching a stage where..."

"....no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. (Rev. 13:17)
-------------------------------------------------------------------
Rom. 10:9-13