He further warned that the 400 billion injected into the stock markets last week is merely a temporary measure to slow down and control an overall meltdown and was only done to prevent a sudden massive crash. mirroring the analysis of the Financial Times of London and former World Bank chief economist Joseph Stiglitz Corsi stated that he sees no way to stop the meltdown, the only doubt left is whether it is going to be a fast or slow process.

He also believes there is an even money chance that there could be a huge 1929 style economic depression:

The decline of the economy in the US is being caused by the very predatory globalist policies that are still presented to us as the solution for economic turmoil. Globalist vampires such as the IMF and the World bank, but two of the elite central banks and private interests, have drained the third world dry, and are now focusing their attention on enslaving the developed world.

The single currency and a 'new economic order' is a major step on the road to global governance. Europe already has its own strong single currency, while the dollar's days seem to be numbered. When money is being printed and distributed by private corporations is it any surprise to see a push for a merger with other countries' currencies?

Talk has long been of a global currency by 2018 if plans go accordingly. A 1988 famous cover of The Economist emphasized this, depicting a phoenix standing atop burning paper money symbolizing its rise out of their destruction, with the words "Get ready for a world currency" next to it.

The article carried in The Economist, titled "Get Ready for the Phoenix," stated that, "THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency."

The article went on to state that sovereignty will be lost with the advent of the new currency, but that trends towards globalization are already doing away with it anyway.

The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF. The world inflation rate - and hence, within narrow margins, each national inflation rate- would be in its charge. Each country could use taxes and public spending to offset temporary falls in demand, but it would have to borrow rather than print money to finance its budget deficit. With no recourse to the inflation tax, governments and their creditors would be forced to judge their borrowing and lending plans more carefully than they do today. This means a big loss of economic sovereignty, but the trends that make the phoenix so appealing are taking that sovereignty away in any case. Even in a world of more-or-less floating exchange rates, individual governments have seen their policy independence checked by an unfriendly outside world.

"Pencil in the phoenix for around 2018, and welcome it when it comes," the article concludes.

In 2004 Robert Mundell, the Nobel-prize winning economist often credited with paving the way to the European single currency, called for a global currency.

In an interview with French paper Libération, Mundell said: "With the emergence of the euro and its instability against the dollar, Europe, the United States and the Asian powers should come together and create a new international monetary system."

In 2006 the scandal-ridden and highly secretive Bank For International Settlements, considered to be the world's top central banking policy, released a policy paper that called for the end of national currencies in favor of a global model of currency formats.

The BIS is a branch of the of the Bretton-Woods International Financial architecture and closely allied with the Bilderberg Group. It is controlled by an inner elite that represents all the world's major central banking institutions. John Maynard Keynes, perhaps the most influential economist of all time, wanted it closed down as it was used to launder money for the Nazis in World War II.

It appears we are now seeing the slow realization of a global economic system with a single currency.

The end game of such regionalizing harmonization is of course a global government.

It has long been recognized that an instant world government would be roundly rejected by the masses and that a stepping stone agenda, a stealth implementation of a new global order is the key to its success.

Writing in the April 1974 issue of Foreign Affairs, the flagship publication of the Council on Foreign Relations (CFR), Richard N. Gardner , who has held a number of State Department posts, argued against what he called "instant world government." Instead, he wrote, "the 'house of world order' will have to be built from the bottom up rather than from the top down. It will look like a great 'booming, buzzing confusion,' to use William James' famous description of reality, but an end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old-fashioned frontal assault."

In a similar sentiment, former National Security Adviser and co-founder of the Trilateral Commission, Zbigniew Brzezinski pointed to "regionalization" as the key for "globalization" in his address to Gorbechev's State of the World Forum in October 1995: "The precondition for eventual globalization — genuine globalization — is progressive regionalization, because thereby we move toward larger, more stable, more cooperative units."

Last May the first steps towards the biggest "cooperative unit" there has ever been were cemented with the groundwork being set for a EU-US single market. However, as the CFR would say, amidst the "booming, buzzing confusion" few have noticed.

Jerome Corsi concluded by re-iterating that the economic crisis has been manufactured in order to provide the pre-scripted neo-mercantilist solution: