Harper and Climate Control

Posted December 18, 2009

“Harper snubbed in Copenhagen and not invited to key Obama climate control meeting was the Yahoo headline today”. Harper must now know what it feels like to be a Canadian taxpayer.  Isolationist Conservative Party policies don’t work at home and they are not effective in foreign and international policy debates. At the last Conservative Party Caucus meeting the talks were so secretive that everyone who attended forgot why they were there. Everyone yelled Harper-gate when they heard the parliamentary mouse fart! The Green Party immediately asked to have the mouse examined for signs of prisoner abuse.

Looks like Harper is experiencing a little warmth around the collar and some chilled winds from the international community. Perhaps he can tell us where the stimulus funds went because the Canadian taxpayer still has no clue. I could use some stimulation too.

Perhaps Mr. Harper is in vogue after all. Isolationist movements appear to be forming all over the globe. Let us see what is happening around the globe. The latest is news is shown below:

“The Gulf monetary union pact has come into effect,” said Kuwait’s finance minister, Mustafa al-Shamali, speaking at a Gulf Co-operation Council (GCC) summit in Kuwait. The move will give the hyper-rich club of oil exporters a petro-currency of their own, greatly increasing their influence in the global exchange and capital markets and potentially displacing the US dollar as the pricing currency for oil contracts. Between them they amount to regional superpower with a GDP of $1.2 trillion (£739bn), some 40pc of the world’s proven oil reserves, and financial clout equal to that of China. Saudi Arabia, Kuwait, Bahrain, and Qatar are to launch the first phase next year, creating a Gulf Monetary Council that will evolve quickly into a full-fledged central bank.

China is calling for a new global currency to replace the dominant American dollar, showing a growing assertiveness on revamping the world economy. The surprise proposal by Beijing's central bank governor reflects unease about its vast holdings of U.S. government bonds and adds to Chinese pressure to overhaul a global financial system dominated by the American dollar and Western governments.

Brazilian President Luiz Inacio Lula da Silva recently revealed that the South American countries are planning for a common currency as part of the integration of the individual countries into the Union of South American Nations. This integration is patterned after the formation of the European Union, and parallels the plan for the North American Union. The union of South American nations would create a trade block designed to be competitive with the European and North American trade blocks. Central to the formation of the union is the creation of a central bank to oversee the new common currency that would replace the currencies of the individual countries in the block.

Be good to your friends and relatives this Christmas. Please bring them gifts of gold, frankincense and myrrh as you just don’t know which currency will be in vogue in the near future.

Thank you,
Joseph Pede