NWO CALLS FOR "NEW FINANCIAL ARCHITECTURE"
United Nations, Oct 31 (PTI) United Nations has said that the international community must fundamentally reform the global financial system and help restore the trust lost as a result of the greed and corruption that caused the current economic crisis and untold suffering around the world.
The international financial crisis has once again brought to the fore the issue of reforming these instituti
More..ons in a way that the developing countries have more say, UN General Assembly President Miguel D'Escoto said.
D'Escoto was speaking at the inauguration of a high-level task force chaired by Joseph Stiglitz, winner of the Nobel Prize for Economics in 2001 to review the global financial system.
The task force, members of which are being still finalized, would give recommendations which could be discussed in later meets considering the structural reform of the international financial institutions.
"The international community has the responsibility and the opportunity to identify longer-term measures that go beyond protection of banks, stabilisation of credit markets and reassurances for big investors," said D'Escoto.
"The stakes are too high for half-measures and quick fixes put together behind closed doors," he added.
He noted that the global financial system does not reflect the global and interdependent nature of the world's economies and told UN member states that a solution to the crisis must involve all countries in a democratic process.
"We must take advantage of the unique forum provided by the United Nations to build agreement on the new financial architecture required by the international community," he said. PTI
http://www.ptinews.com/pti%5Cptisite.nsf/0/2D8E33BACD91BB82652574F3001AA82F?OpenDocument Less..
Added: Nov 2 2008 In: education
By: neverknwo
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Comments - sort by newest to oldest
Wow, some people live in a fantasy world.
Posted Nov-2-2008 by "MongoMaxamillion" (R)
Let's boot the UN from NYC.
Posted Nov-2-2008 by "shacklord" (R)
Look at these OLD half dead ****ers!
Must have more Money!! Money & BRAINS!!!!!!!!
Posted Nov-2-2008 by "shacklord" (R)
Is it an anti-tank gun? Because if war came, that's what you would need.
Posted Nov-2-2008 by "MBrad-C13" (R)
no new world order
Posted Nov-2-2008 by "tardam1" (R)
Lemmie Guess... it will be a small mark in the right hand or the forehead right? HOW DID THE BIBLE CALL THIS ONE OVER 1900 YEARS AGO...
AMAZING!!!
Posted Nov-2-2008 by "larrylizzardjohnson" (R)
Amero her we come.
Posted Nov-2-2008 by "djkrunch" (R)
"Who will you choose , U.S.A or U.N ". Seems like they are both parts in a large, well oiled machine.
Posted Nov-2-2008 by "neilanboy" (R)
DOWN WITH THE NEW WORLD ORDER!!
Stand up and save your country america!
Posted Nov-2-2008 by "MystiKasT" (R)
Joseph E. Stiglitz is a true hero, I have been following his work for several years now.
Posted Nov-2-2008 by "MystiKasT" (R)
America has given the World to a Great Evil.
And a Great Evil has given America to the World.
Posted Nov-3-2008 by "rclark951" (R)