In 1957, the European Economic Community (European Common Market) was formed, which in 1992 changed its name to the European Union. Currently, the EU has 27 member states, 15 of which use a common currency, the Euro.

The European Union (EU) is an economic and political union of 27 member states which are located primarily in Europe. Committed to regional integration, the EU was established by the Treaty of Maastricht in 1993 upon the foundations of the European Communities.With over 500 million citizens, the EU generated an estimated 28% share (US$ 16.5 trillion) of the nominal and about 21% (US$14.8 trillion) of the PPP gross world product in 2009.



The EU has developed a single market through a standardised system of laws which apply in all member states, and ensures the free movement of people, goods, services, and capital, including the abolition of passport controls by the Schengen Agreement between 22 EU states and 3 other European states. It enacts legislation in justice and home affairs, and maintains common policies on trade, agriculture, fisheries and regional development. Sixteen member states have adopted a common currency, the euro, constituting the eurozone.

Having a legal personality, the EU is able to conclude treaties with countries. It has devised the Common Foreign and Security Policy, thus developing a limited role in European defence and foreign policy. Permanent diplomatic missions of the EU are established around the world and representation at the United Nations, WTO, G8 and G-20 is maintained. EU delegations are headed by EU ambassadors.

The EU operates through a hybrid system of supranationalism and intergovernmentalism. In certain areas, decisions are taken by independent institutions, while in others, they are made through negotiation between member states. Important institutions of the EU include the European Commission, the Council of the European Union, the European Council, the Court of Justice of the European Union, and the European Central Bank.
The European Parliament is elected every five years by EU citizens.

http://en.wikipedia.org/wiki/European_Union
http://en.wikipedia.org/wiki/2010_European_sovereign_debt_crisis

Van Rompuy was chosen unanimously by the European Council, at an informal meeting in Brussels, to be the first full-time President of the European Council following a meeting in the Castle of the Valley of the Duchess held by the Bilderberg group on 12 November 2009, where Van Rompuy made a speech about his vision of the European governance.

In or just before the first months of his presidency Van Rompuy visited all EU member states, he also organised an informal meeting of the heads of state of the EU. The meeting took place on 11 February 2010 in the Solvay Library (Brussels), topics to be discussed were the future direction of the economic policies of the EU, the outcome of the Copenhagen Conference and the then recent earthquake in Haiti. In fact, the meeting was in part taken over by the growing sovereign debt crisis (at that time, Greece), which was to become the hall mark of Van Rompuy's first year as President.

With EU Member States holding divergent positions on this issue, he had to find compromises, not least between France and Germany, at subsequent European Council meetings and summits of eurozone Heads of State or Government leading to the establishment of the three year European Financial Stability Mechanism and the European Financial Stability Facility in May 2010 to provide loans to Greece (and later Ireland) to help stabilize their borrowing costs, but subject to strict conditions.

http://en.wikipedia.org/wiki/Herman_van_Rompuy


The EFSF can issue bonds or other debt instruments on the market with the support of the German Debt Management Office to raise the funds needed to provide loans to eurozone countries in financial troubles.

The Facility may be combined with loans up to €60 billion from the European Financial Stabilisation Mechanism (reliant on funds raised by the European Commission using the EU budget as collateral) and up to €250 billion from the International Monetary Fund (IMF) to obtain a financial safety net up to €750 billion.
Lending

The Facility can only act after a support request is made by a euro area member state and a country programme has been negotiated with the European Commission and the IMF and after such a programme has been unanimously accepted by the Eurogroup (euro area finance ministers) and a memorandum of understanding is signed. This would only occur when the country is unable to borrow on markets at acceptable rates.

Management: The Chief Executive Officer of the EFSF is Klaus Regling, a former Director General of the European Commission’s Directorate General for Economic and Financial Affairs, having previously worked at the International Monetary Fund (IMF) and the German Ministry of Finance.

The International Monetary Fund (IMF) is the intergovernmental organization that oversees the global financial system.
It was conceived in July 1944 during the United Nations Monetary and Financial Conference.

http://en.wikipedia.org/wiki/International_Monetary_Fund




The United Nations Monetary and Financial Conference, commonly known as the Bretton Woods conference, was a gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire to regulate the international monetary and financial order after the conclusion of World War II.

The conference was held from 1-22 July 1944, when the agreements were signed to set up the International Bank for Reconstruction and Development (IBRD) now part of the World Bank Group (WBG), the General Agreement on Tariffs and Trade (GATT), and the International Monetary Fund (IMF).
The Bretton Woods Conference of 1944 recognized the need for a comparable international institution for trade (the later proposed International Trade Organization (ITO)) to complement the International Monetary Fund and the World Bank.
The Bretton Woods Conference took place in July 1944, but did not become operative until 1959, when all the European currencies became convertible. Under this system, the IMF and the IBRD were established. The IMF was developed as a permanent international body.

The summary of agreements states, "The nations should consult and agree on international monetary changes which affect each other. They should outlaw practices which are agreed to be harmful to world prosperity, and they should assist each other to overcome short-term exchange difficulties." The IBRD was created to speed up post-war reconstruction, to aid political stability, and to foster peace. This was to be fulfilled through the establishment of programs for reconstruction and development.

The main terms of this agreement were:
1. Formation of the IMF and the IBRD (presently part of the World Bank).
2. Adjustably pegged foreign exchange market rate system: The exchange rates were fixed, with the provision of changing them if necessary.
3. Currencies were required to be convertible for trade related and other current account transactions. The governments, however, had the power to regulate ostentatious capital flows.
4. As it was possible that exchange rates thus established might not be favourable to a country's balance of payments position, the governments had the power to revise them by up to 10%.
5. All member countries were required to subscribe to the IMF's capital.

The seminal idea behind the Bretton Woods Conference was the notion of open markets. In Henry Morgenthau's farewell remarks at the conference, he stated that the establishment of the IMF and the World Bank marked the end of economic nationalism. 

This meant that countries would maintain their national interest, but trade blocks and economic spheres of influence would no longer be their means. The second idea behind the Bretton Woods Conference was joint management of the Western political-economic order.
Meaning that the foremost industrial democratic nations must lower barriers on trade and the movement of capital, in addition to their responsibility to govern the system.

http://en.wikipedia.org/wiki/Bretton_Woods_conference

The World Bank is one of five institutions created at the Bretton Woods Conference in 1944.

The World Bank is an international financial institution that provides loans to developing countries for capital programs. The World Bank has a stated goal of reducing poverty. By law, all of its decisions must be guided by a commitment to promote foreign investment, international trade and facilitate capital investment.


Meyer went to Washington, D.C. during the First World War as a "dollar a year man" for Woodrow Wilson, becoming the head of the War Finance Corporation and served there long after the end of hostilities. President Calvin Coolidge named him as chairman of the Federal Farm Loan Board in 1927 and Herbert Hoover promoted him to chairman of the Board of Governors of the Federal Reserve System in 1930. After World War II, Harry Truman named Meyer, then 70 years old, to be the first head of the World Bank in June 1946.

http://en.wikipedia.org/wiki/The_World_Bank



He was the 28th President of the United States.
In his first term, Wilson persuaded a Democratic Congress to pass the Federal Reserve Act that created the Federal Reserve System the central banking system of the United States of America, and granted it the legal authority to issue legal tender> Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation.
Paper currency is a common form of legal tender in many countries.

The most important foreign policy advisor and confidant was "Colonel" Edward M. House.
In September 1917 Woodrow Wilson established The Inquiry a study group composed of around 150 academics, and was directed by presidential adviser Edward M. House.

Some members of this group would later establish the Council on Foreign Relations
On January 8, 1918, Woodrow Wilson addressed Congress and asked for the formation of the "League of Nations".

http://en.wikipedia.org/wiki/Woodrow_Wilson



In 1908, Congress enacted the Aldrich-Vreeland Act, which provided for an emergency currency and established the National Monetary Commission to study banking and currency reform. The National Monetary Commission returned with recommendations which later became the basis of the Federal Reserve Act, passed in 1913.

The head of the bipartisan National Monetary Commission was financial expert and Senate Republican leader Nelson Aldrich.

Aldrich's bill was met with much opposition from politicians. Critics were suspicious of a central bank, and charged Aldrich of being biased due to his close ties to wealthy bankers such as J. P. Morgan and John D. Rockefeller Jr., Aldrich's son-in-law. Nonetheless, President Woodrow Wilson believed that the Aldrich plan would suffice with a few modifications.

President Woodrow Wilson named Paul Warburg and other prominent bankers to direct the new system. While power was supposed to be decentralized, the New York branch dominated the Fed as the "first among equals".


Warburg was born in Hamburg, Germany, to a successful Jewish banking family. 
His parents were Moritz and Charlotte (Esther) Warburg. In 1891 Warburg entered the office of the family banking firm of M.M. Warburg & Company, which had been founded in 1798 by his great-grandfather. On October 1, 1895, Warburg was married in New York City to Nina J. Loeb, daughter of Solomon Loeb, founder of the New York investment firm of Kuhn, Loeb & Company.

Paul Warburg became known as a persuasive advocate of central banking in America, in 1907 publishing the pamphlets "Defects and Needs of Our Banking System" and "A Plan for A Modified Central Bank". His efforts were successful in 1913 with the founding of the Federal Reserve System.
He was appointed a member of the first Federal Reserve Board by President Woodrow Wilson, serving until 1918.
He later became a director of the Council on Foreign Relations at its founding in 1921, remaining on the board until his death.


The Council on Foreign Relations, a sister organization to the Institute of International Affairs in London, was formed in 1922 as a noncommercial, nonpolitical organization supporting American foreign relations

The earliest origin of the Council stemmed from a working fellowship of about 150 scholars, called “The Inquiry”, tasked to brief President Woodrow Wilson about options for the postwar world when Germany was defeated.
Through 1917–1918, this academic band, including Wilson's closest adviser and long-time friend "Colonel" Edward M. House, as well as Walter Lippmann, gathered at 155th Street and Broadway at the Harold Pratt House in New York City, to assemble the strategy for the postwar world.
The team produced more than 2,000 documents detailing and analyzing the political, economic, and social facts globally that would be helpful for Wilson in the peace talks. Their reports formed the basis for the Fourteen Points, which outlined Wilson's strategy for peace after war's end.

Beginning in 1939 and lasting for five years, the Council achieved much greater prominence within the government and the State Department when it established the strictly confidential War and Peace Studies, funded entirely by the Rockefeller Foundation. 

In November 1979, while chairman of the CFR, David Rockefeller became embroiled in an international incident when he and Henry Kissinger, along with John J. McCloy and Rockefeller aides, persuaded President Jimmy Carter through the State Department to admit the Shah of Iran, Mohammad Reza Pahlavi, into the US for hospital treatment for lymphoma.

This action directly precipitated what is known as the Iran hostage crisis and placed Rockefeller under intense media scrutiny (particularly from The New York Times) for the first time in his public life.

Today it has about 5,000 members (including five-year term members between the ages of 30-41), which over its history have included senior serving politicians, more than a dozen Secretaries of State, former national security officers, bankers, lawyers, professors, former CIA members and senior media figures.

Among the International Bankers who had formed the Council on Foreign Relations and whose descendents make up the Council today were:
The House of Rockefeller, the House of Morgan, Goldman Sachs, Kuhn Loeb & Company, Lehman Brothers, Brown Brothers Harriman

http://en.wikipedia.org/wiki/Council_on_Foreign_Relations
http://en.wikipedia.org/wiki/Fourteen_Points

(born June 12, 1915) is the current patriarch of the Rockefeller family.

He is the youngest and only surviving child of John D. Rockefeller, Jr and the only surviving grandchild of oil tycoon John D. Rockefeller, founder of Standard Oil.

In 1946, Rockefeller became the family's first and only banker when he joined the staff of the longtime family-associated Chase National Bank ("the Rockefeller Bank"). The chairman at that time was his uncle Winthrop Aldrich, the son of the powerful U.S. Senator Nelson W. Aldrich (see above- Federal Reserve System), and the brother of Rockefeller's mother, Abby Aldrich. Chase National subsequently became the Chase Manhattan Bank in 1955, and is now called JPMorgan Chase.

Rockefeller joined the Council on Foreign Relations (CFR) as a director in 1949, the youngest to be appointed to that position up to that time; he was later to become head of the nominating committee for future membership; much later he became chairman of this influential foreign policy think-tank.

A lifelong globalist, due to the strong influence of his father, he had at an early age further spread his connections when he was invited to attend the inaugural elitist Bilderberg Group meetings, starting with the Holland gathering in 1954.
He has been a consistent attendee through the decades and has been a member of the "steering committee", which determines the invitation list for the upcoming annual meetings. These have frequently included prominent national figures that have gone on to be elected as political leaders of their respective.

David Rockefeller is the Founder of the Trilateral Commission and Honorary North American Chairman; Chairman of the Chase Manhattan Bank board from 1969 to 1981; Chairman of the Council on Foreign Relations from 1970 to 1985, now honorary Chairman; a life member of the Bilderberg Group.

http://en.wikipedia.org/wiki/David_Rockefeller


The Trilateral Commission was crated in 1972 after the Bilderberg Group refused to include Japan at the initiative of David Rockefeller, who was Chairman of the Council on Foreign Relations at that time. The Trilateral Commission is widely seen as a counterpart to the Council on Foreign Relations.

According to Rockefeller, the organization could "be of help to government by providing measured judgment."

A Trilateral Commission Task Force Report, presented at the 1975 meeting in Kyoto, Japan, called An Outline for Remaking World Trade and Finance, said:

"Close Trilateral cooperation in keeping the peace, in managing the world economy, and in fostering economic development and in alleviating world poverty, will improve the chances of a smooth and peaceful evolution of the global system." 

Another Commission document read:

"The overriding goal is to make the world safe for interdependence by protecting the benefits which it provides for each country against external and internal threats which will constantly emerge from those willing to pay a price for more national autonomy. This may sometimes require slowing the pace at which interdependence proceeds, and checking some aspects of it. More frequently however, it will call for checking the intrusion of national government into the international exchange of both economic and non-economic goods."

http://en.wikipedia.org/wiki/Trilateral_Commission



The Bilderberg Group, Bilderberg conference, or Bilderberg Club is an annual, unofficial, invitation-only conference of around 130 guests, most of whom are people of influence in the fields of politics, banking, business, the military and media. 

The names of attendees are made available to the press. The conferences are closed to the public and the media, and no press releases are issued.
The original conference was held at the Hotel de Bilderberg, near Arnhem in the Netherlands, from 29 May to 31 May 1954.
Historically, attendee lists have been weighted towards bankers, politicians, and directors of large businesses.

In a European Parliament session in Brussels, Mario Borghezio, an Italian member of the European Parliament, questioned the nominations of Bilderberg and Trilateral Commission attendees for the posts of EU President and EU foreign minister.

In 2009 the group had a dinner meeting at Castle of the Valley of the Duchess in Brussels on 12 November with the participation of Herman Van Rompuy, who later became the President of the European Council.

http://www.bilderbergmeetings.org/index.html
http://www.bilderbergmeetings.org/conferences.html



This popular “conspiracy theory”, claims that a small group of international elites controls and manipulates governments, industry and media organisations worldwide.


The primary tool they use to dominate nations is the system of central banking.
They are said to have funded and in some cases caused most of the major wars of the last 200 years, primarily through carrying out false flag attacks to manipulate populations into supporting them, and have a grip on the world economy, deliberately causing inflation and depressions at will.

The people behind the New World Order are thought to be international bankers, in particular the owners of the private banks in the Federal Reserve System, Bank of England and other central banks, and members of the Council on Foreign Relations, Trilateral Commission and Bilderberg Group.

Now, although this conspiracy theory was ridiculed for years, it turns out that the Bilderberg does meet and requests no media coverage. They receive no media coverage. The world’s elite meet every year and it goes largely unreported, for what?

Discussions at the meetings include the economy, world affairs, war and in general, world policy. After the financial collapse, the Bilderberg played a key role in proposing that the world prepare for a new world order and have a standard world currency. This was proposed shortly after by almost all attendees of the Bilderberg meeting.

During the 20th century, many statesmen, such as Woodrow Wilson and Winston Churchill, used the term "new world order" to refer to a new period of history evidencing a dramatic change in world political thought and the balance of power after World War I and World War II.

They all saw these periods as opportunities to implement idealistic proposals for global governance in the sense of new collective efforts to address worldwide problems that go beyond the capacity of individual nation-states to solve, while always respecting the right of nations to self-determination. These proposals led to the creation of international organizations, such as the United Nations and NATO, and international regimes, such as the Bretton Woods system and the General Agreement on Tariffs and Trade, which were calculated both to maintain a balance of power as well as regularize cooperation between nations, in order to achieve a peaceful phase of capitalism.

American writer Mary M. Davison, in her 1966 booklet The Profound Revolution, traced the alleged New World Order conspiracy to the creation of the U.S. Federal Reserve System in 1913 by international bankers, who she claimed later formed the Council on Foreign Relations in 1921 as the shadow government. At the time the booklet was published, "international bankers" would have been interpreted by many readers as a reference to a postulated "international Jewish banking conspiracy" masterminded by the Rothschilds.


After the turn of the century, specifically during the financial crisis of 2007–2010, many politicians and pundits, such as Gordon Brown, Henry Kissinger, and Barack Obama, used the term "new world order" in their advocacy for a Keynesian reform of the global financial system and their calls for a "New Bretton Woods".

In March 2010, Prime Minister Papandreou of Greece wrote an op-ed in the International Herald Tribune, in which he said:

"Democratic governments worldwide must establish a new global financial architecture, as bold in its own way as Bretton Woods, as bold as the creation of the European Community and European Monetary Union. And we need it fast." 

In interviews coinciding with his meeting with President Obama, he indicated that Obama would raise the issue of new regulations for the international financial markets at the next G20 meetings in June and November 2010.



Conspiracy theory was originally a neutral descriptor for any claim of civil, criminal, or political conspiracy. However, it has become largely pejorative and used almost exclusively to refer to any fringe theory which explains a historical or current event as the result of a secret plot by conspirators of almost superhuman power and cunning.
The term is often used dismissively in an attempt to characterize a belief as outlandishly false and held by a person judged to be a crank or a group confined to the lunatic fringe.


YOU DECIDE.

http://en.wikipedia.org/wiki/Global_financial_crisis_of_2008
http://en.wikipedia.org/wiki/Bretton_Woods_system
http://en.wikipedia.org/wiki/Monetary_hegemony
http://en.wikipedia.org/wiki/Monetary
http://en.wikipedia.org/wiki/Fractional_Reserve_Banking
http://en.wikipedia.org/wiki/Anti-globalization
http://en.wikipedia.org/wiki/Legal_personality
http://en.wikipedia.org/wiki/Codex_Alimentarius