In The News

Comment from UTT:

Reading the current news items of our day, at times, seem to be surreal. Global events are unfolding that Bible Prophecy scholars were warning about decades ago. However, as these events take place, there are fewer and fewer who understand the significance of the events because Bible prophecy is meaningless to them. The new global economic order that will set up a one world monetary system with a common currency is just around the corner.

November 10 - G20 leaders to struggle to reshape global economy

Article: One World Government

SAO PAULO (Reuters) - World leaders will struggle to overcome differences at next weekend's emergency summit on how to reshape the global financial system and give a greater voice to developing nations.

The G20 meeting in Brazil's business capital also exposed opposing views on how to regulate financial markets and the role institutions like the International Monetary Fund should play in overseeing a new global economic order.

France, which holds the rotating European Union presidency, is leading a drive for tough new regulations and oversight in financial markets. Many countries want to beef up the IMF and some want to give it a regulatory surveillance role.

"I think everybody has in mind that we really need the world leadership to take action," he said.

In a rare show of unity, the so-called BRIC club of fast-growing emerging economies -- Brazil, Russia, India and China -- issued a joint statement on Friday calling for a heftier role in shaping the new global financial architecture.

Brazil also called for the G20 to replace the rich-nation G7 as the main forum to decide on global economic affairs, a cause that was backed by many developing countries and the IMF's Strauss-Kahn.