The Venus Project, founded by Jacque Fresco, is both a vision and a movement for the creation of a post-capitalist society based on life values run by cybernetics.
Although the architecture and design in the videos look as if they are straight out of a Thunderbirds animation the concept itself is worthy of serious consideration –especially so at a time when capitalism is entering yet another crisis which, coupled with global climatic change, could prove to be final.
Russia backs return to Gold Standard to solve financial crisis
Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.
Arkady Dvorkevich, the Kremlin’s chief economic adviser, said Russia would favour the inclusion of gold bullion in the basket-weighting of a new world currency based on Special Drawing Rights issued by the International Monetary Fund.
Chinese and Russian leaders both plan to open debate on an SDR-based reserve currency as an alternative to the US dollar at the G20 summit in London this week, although the world may not yet be ready for such a radical proposal.
G20 – Make or break?
The question in the EU is – will they go down with the dollar system or find their own way?
As the G20 is set to begin on April 2 in London, and as protests to it spread throughout Europe, Paul Jay speaks to Wiliam Engdahl about the significance of the summit. Engdahl says that, “the problem is that the G20 is an arbitrary construct that was hammered together largely by Washington in a vain attempt to keep the globalized system that they had created … to keep the rules of the game intact.” He says that, “the basis of consensus doesn’t exist among the G20,” because China, Russia and Europe have different interests right now than to bail out the dollar.
US Treasury Secretary Tim Geithner has unveiled his long-awaited plan to put the US banking system back in order. In doing so, he has refused to tell the ‘dirty little secret’ of the present financial crisis. By refusing to do so, he is trying to save de facto bankrupt US banks that threaten to bring the entire global system down in a new more devastating phase of wealth destruction.
The Geithner Plan, his so-called Public-Private Partnership Investment Program or PPPIP, as we have noted previously is designed not to restore a healthy lending system which would funnel credit to business and consumers. Rather it is yet another intricate scheme to pour even more hundreds of billions directly to the leading banks and Wall Street firms responsible for the current mess in world credit markets without demanding they change their business model.
more…
Geithner’s Oligarchs
Engdahl: Obama must confront the oligarchical power of Wall Street to solve crisis
F Wiliam Engdahl, economist, author, and risk consultant speaks to Paul Jay about Geithner’s plan to rescue the financial institutions in the United States. Engdahl says the plan doesn’t address the concentration of financial power in the United States, that is based in five major financial institutions. He says his plan is like a “band aid for a bad hemorrhage”
We discuss Franck Biancheri’s open letter to the G20, “Last Chance Before Global Geopolitical Dislocation”, which advocates for three strategic recommendations:
(1) the creation of a new international reserve currency
(2) the control of banks on a global scale
(3) an independent assessment of the three national financial systems at the heart of the current financial crisis – the United States, United Kingdom and Switzerland
If radical action is not taken within six months, it is anticipated that the opportunity to shorten the crisis to a 3 to 5 year duration will no longer be possible, and the world (particularly the U.S.) will be in for a very harsh geopolitical dislocation lasting for a decade or more.
According to LEAP/E2020, there are only two options left for the G20 leaders who gather next April 2nd in London: either they rebuild a new international monetary system, creating the conditions for a new global system that involves all the main global players, and reducing the crisis to a maximum of 3 to 5 years; or they strive to prolong the current system, thrusting the world into a decade long tragic crisis starting at the end of 2009…
Russia wants to start debate on new reserve currency at G20
Russia is proposing that discussions into the possibility of creating a new world reserve currency are initiated at the upcoming G20 summit in London, a government source said on Wednesday.
Chinese central bank backs Russian idea for new reserve currency
The chairman of the People’s Bank of China has spoken out in support of Russia’s proposal to create a new global reserve currency as an alternative to the U.S. dollar, Xinhua news agency reported on Tuesday.
China suggests switch from dollar
China’s central bank has called for a new global reserve currency run by the International Monetary Fund to replace the US dollar.
G20 protesters face police with Tasers
SCOTLAND YARD is to deploy officers armed with 50,000-volt Taser stun guns to deal with violent demonstrators planning to disrupt this week’s G20 summit in London.
The centrepiece of the security plan will be hundreds of officers from the Metropolitan police territorial support group, who are routinely armed with speedcuffs, extended batons and CS gas spray.
G20 Put People First Demonstration
Coverage of the G20 Protest in London on 28th March 2009.
Recent Comments