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CHAPTER 10 - <strong>The</strong> New World Money System<br />

What I really think is at stake here globally is <strong>the</strong> future of free institutions.... It really is an<br />

open question in my mind of whe<strong>the</strong>r we can cope with <strong>the</strong>se chronic problems — problems<br />

that you don’t need to solve tomorrow in order to survive — within <strong>the</strong> context of<br />

freedom....1<br />

A Real Mover <strong>and</strong> Shaker<br />

— William D. Ruckelshaus, Business Council for Sustainable Development<br />

Early in 1990, journalist Daniel Wood was riding along Highway 17 through <strong>the</strong> arid <strong>and</strong> sagebrushfilled<br />

terrain of sou<strong>the</strong>rn Colorado. He had just spent a week visiting a sprawling ranch where a 60-yearold<br />

Canadian millionaire, oil tycoon, environmentalist, UN official, <strong>and</strong> New Age devotee was<br />

constructing a controversial global village <strong>and</strong> ecumenical ashram. Although <strong>the</strong> tycoon had risen into<br />

<strong>the</strong> rarefied atmosphere of international finance where he dined with Rockefellers <strong>and</strong> Rothschilds, his<br />

name had not yet become a household word as each of <strong>the</strong>irs had. Soon that would change, as<br />

orchestrated world events would thrust him into <strong>the</strong> international limelight.<br />

As <strong>the</strong> highway through <strong>the</strong> desert slid by, Wood’s driver, <strong>the</strong> tycoon-environmentalist himself, told him<br />

of a novel he had been planning to write. It was about a group of world leaders who decided <strong>the</strong> only<br />

way to save <strong>the</strong> world was to cause <strong>the</strong> economies of <strong>the</strong> industrialized countries to collapse. <strong>The</strong><br />

journalist sat transfixed as his host explained how his fictional leaders had formed a secret society <strong>and</strong><br />

engineered a worldwide financial panic <strong>and</strong>, ultimately, <strong>the</strong> economic collapse <strong>the</strong>y sought. While <strong>the</strong><br />

tycoon drove <strong>and</strong> talked about <strong>the</strong> proposed novel, <strong>the</strong> increasingly astonished reporter took copious<br />

notes. His account of that conversation appeared in <strong>the</strong> May 1990 issue of West magazine:<br />

Each year, he [<strong>the</strong> tycoon] explains as background to <strong>the</strong> telling of <strong>the</strong> novel’s plot, <strong>the</strong><br />

World Economic Forum convenes in Davos, Switzerl<strong>and</strong>. Over a thous<strong>and</strong> CEO’s, prime<br />

ministers, finance ministers, <strong>and</strong> leading academics ga<strong>the</strong>r in February to attend meetings<br />

<strong>and</strong> set economic agendas for <strong>the</strong> year ahead. With this as a setting, he <strong>the</strong>n says: "What if a<br />

small group of <strong>the</strong>se world leaders were to conclude that <strong>the</strong> principal risk to <strong>the</strong> earth<br />

comes from <strong>the</strong> actions of <strong>the</strong> rich countries And if <strong>the</strong> world is to survive, those rich<br />

countries would have to sign an agreement reducing <strong>the</strong>ir impact on <strong>the</strong> environment. Will<br />

<strong>the</strong>y do it... <strong>The</strong> group’s conclusion is ‘no.’ <strong>The</strong> rich countries won’t do it. <strong>The</strong>y won’t<br />

change. So, in order to save <strong>the</strong> planet, <strong>the</strong> group decides: Isn’t <strong>the</strong> only hope for <strong>the</strong> planet<br />

that <strong>the</strong> industrialized civilizations collapse Isn’t it our responsibility to bring that about"2<br />

[Emphasis in original]<br />

"This group of world leaders," <strong>the</strong> driver-tycoon continued, "form a secret society to bring about an<br />

economic collapse." It was becoming obvious to Wood that this unfolding "novel" was a thinly-veiled<br />

roman ˆ clef starring <strong>the</strong> tycoon <strong>and</strong> his power-elite comrades. <strong>The</strong> millionaire storyteller went on:<br />

It’s February. <strong>The</strong>y’re all at Davos. <strong>The</strong>se aren’t terrorists. <strong>The</strong>y’re world leaders. <strong>The</strong>y<br />

have positioned <strong>the</strong>mselves in <strong>the</strong> world’s commodity <strong>and</strong> stock markets. <strong>The</strong>y’ve<br />

engineered, using <strong>the</strong>ir access to stock exchanges <strong>and</strong> computers <strong>and</strong> gold supplies, a panic.<br />

<strong>The</strong>n, <strong>the</strong>y prevent <strong>the</strong> world’s stock markets from closing. <strong>The</strong>y jam <strong>the</strong> gears. <strong>The</strong>y hire<br />

mercenaries who hold <strong>the</strong> rest of <strong>the</strong> world leaders at Davos as hostages. <strong>The</strong> markets can’t<br />

close. <strong>The</strong> rich countries.... [Emphasis in original]

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