Bank of International Settlements: the mother of all banks

Project World Awareness found this obscure gem about the path towards a global currency. In the last G20 summit, these leaders have agreed to support the beginning of this global currency by activating the IMF's power to produce money in the form of SDRs (Special Drawing Rights). What could the next step be?

Some have speculated that the Bank of International Settlements (BIS) would be the undisputed choice as a global central bank. It is based in Basel, Switzerland, and boasts a client list of most major central banks around the world. Its influence and power is obvious, and it is known to make or break economies of a country -- the current U.S. recession included.

Before Obama, America hasn't bowed to a foreign king since 1776

President Obama, the 46-year-old political virgin, submits to Saudi King Abdullah at G20. This is the first time since 1776 that America bowed to a foreign king. Way to go, Sir. And the teleprompter didn't even tell him to do that...

Go Merkel, go!

British P.M. Gordon Brown plans to present a "Global New Deal" to G20 leaders, suggesting a $2 trillion stimulus to end the recession. He and President Obama can definitely be buddies, and maybe the Global New Deal ought to include efforts to remove the DVD region codes so that Brown can view those gifted movies from Obama. However, German Chancellor Angela Merkel already showing some backbone to criticize Brown's plan, and there are other leaders who agree with her (e.g. Spanish finance minister Pedro Solbes).

All I can say is, "Well done, ma'am!" Maybe Merkel can talk some sense into our spending-happy President...