Global Socialists Toast Victory Over America

Completely under the radar, but fast becoming a reality. The US is about to become the world's slaves:

The American people may be losing their jobs and savings, but on Friday night, on the eve of the international financial summit, they provided President Bush and other G20 leaders a lavish banquet that included $300-a-bottle wine, Vermont Brie, eggplant fondue, and rack of lamb.

In a development that attracted the attention of some media, the U.S. agreed at the conference to the establishment of “supervisory colleges” by March 31, 2009, to monitor “all major cross-border financial institutions.” It is the beginning of a new global regulatory body that could eventually impose and collect a currency transactions tax known as the Tobin Tax, named after the late Yale University economist, James Tobin. Such a tax, which could affect stocks, mutual funds, and pensions, could generate hundreds of billions of dollars a year.

But ignored by most of the media was the fact that buried in the “declaration” endorsed by Bush and other leaders meeting on Saturday was (Point number 14) support for the United Nations Millennium Development Goals, “the development assistance commitments we have made,” and a reaffirmation of “the development principles agreed at the 2002 United Nations Conference on Financing for Development in Monterrey, Mexico, which emphasized country ownership and mobilizing all sources of financing for development.”

This language may sound vague or confusing. But to those familiar with the U.N. and its conferences and the Millennium Development Goals, it all makes perfect sense. This is a commitment to devote 0.7 percent of the Gross National Product to official foreign aid, a plan envisaged in President-elect Barack Obama’s Global Poverty Act. It will cost $845 billion, to be recovered in whole or part through a global tax. The phrase “all sources of financing for development” is U.N.-speak for global taxes.

In addition to his Global Poverty Act, which could pass Congress in a lame duck session or after President Obama takes office, the Jubilee Act is also being pushed for the benefit of other nations of the world. It would cancel as much as $75 billion in debt owed by foreign countries. The total of the two measures is $920 billion.