IMF as Global Fed: G20's Agenda Behind the Agenda

As we have been warning in The New American for the past couple of years, the global elites driving the G8/G20 agenda have been aiming at creation of a "new economic order," and transforming the IMF into a global equivalent of the Federal Reserve as a central component of that new order. Supplanting and replacing the dollar with an interim "basket" of currencies and, ultimately, a global currency, is another component. (See Global Fusion: The G20, IMF, and World Government, "Supersizing" the IMF, and G-20 Advances New World Order, Media Admit.)

As we noted here leading up to the April 2009 G20 summit in London, the one-world "global governance" choir members "are all pushing the same ideas, to wit:

1) The IMF should be given huge new infusions of capital through member country "subscriptions."
2) The IMF should be encouraged to issue debt bonds to finance global loans.
3) The IMF should be "legitimized" by giving China and other emerging nations weighted votes in IMF policies.
4) The IMF should be given vast new global financial regulatory powers.

This same agenda continues in the G20's above-mentioned Declaration, notwithstanding its (temporary) curtsey to national interests. The document states that "our reform agenda rests on four pillars." "The first pillar," it notes, "is a strong regulatory framework."