I posted this snippet on _____ last night. I hope I can stir some interest by the candidates, as I mailed it to them as well.(this is a repost of an older message, yet very timely, again)
The International Financial Architecture
I'd like to discuss a serious issue - The IFA. I believe we could accomplish more by bringing this subject into the platform debate more than any other subject, as this is where the neocons may have us over a barrel, publicly. If we were to make this subject our own, we could gain the upper hand intellectually and marketwise - the real power. The International Financial Architecture needs major reform - Reform of the IMF, The World Bank, The WTO, The International Court - The entire Bretton Woods System, including and especially the world's 37+ tax havens. Ann Pettifor's book, "Real World Economic Outlook" states that 7.1 million super wealthy families are net worth $26.2 Trillion dollars - that's more than half of real global GDP. Much of this money is in/booked to the tax havens. We as Democrats must understand these complex markets to truly resolve the real world and national problems, as these international institutions actually control our national destiny. We could accomplish more by our candidates bringing this into the national debate more than any other goal, as it has financial hegemony over all our desires. Without this debate being brought to the front, we are simply spinning our wheels on ice!
- Lloyd Gillespie, Retired Engineer/Economist (November 16, 2003; Rockland, ME)
MacroMouse - IFA(older post also, yet appropriate)
"We need a fixed value monetary system. At the present time, we have none. Under floating exchanges, America is simply a powerful ship on an ocean, with no rudder. Old gold, silver, and other known standards will no longer work. They will not work due to the massive increases in communication's speed, the varied endowments of nations' natural resources, and encrypted international speculative opportunities. Therefore, we need a new system. INTERNAL EXCHANGE CLEARING is such a system. It is an entirely new fixed value enhancing - [production standard] - monetary system, to benefit all humankind."