"It is time for a Bretton Woods for this century," reports the Telegraph, noting that "Opinion is now hardening around the case for a new global architecture to enforce rules that ensure lessons are learnt."
This followed the proposal to create a new EU body to regulate banks across the entire European financial market.
Top EU officials, including economy commissioner Joaquin Almunia, have stated that the EU should have greater powers to regulate and intervene in the operations of financial institutions across Europe.
Influential media giants like the Wall Street Journal are pushing a "new world order" to solve the crisis, while British Prime Minister Gordon Brown called for a "a new global financial order" to supersede the institutions created after World War II.
The elite are up to their old tricks again, after all, a leopard never changes its spots.
They created the problem of wildly irresponsible fractional reserve banking, the debt bubble and the credit crunch by ceaselessly inflating the money supply and now they are going to offer their solution to the crisis - the further centralization of global economic power into fewer hands.
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