Is The Bank Tax A Major Step Toward World Government
Finance ministers and central bank governors are in Washington D.C. this weekend for a G-20 meeting, in preparation for the G-20 Summit to held in November in South Korea.
Hyun Song Shin, special economic advisor to the President of South Korea, gave a briefing today at the National Press Club on the G-20 activities. I attended.
During the Q & A, I asked Shin if the plans for a global bank tax had caused concern by anyone at the G-20 meeting that the tax was moving in the direction of creating a one world government. His answer scared the hell out of me.
He said that, no it was not moving in that direction because "There is no legal basis for the meetings."
In other words, there are no restrictions on the G-20 participants. They are not part of any agency that has a specific mandate. They are not part of any global agreement. It's a wild west show, without any adult supervision...
