U.N. to Emerge as Global IRS While our media sleeps, the United Nations is proceeding, with President Obama's acquiescence, to implement a global plan to create a new international socialist order financed by global taxes on the American people. The Conference on the World Financial and Economic Crisis and its Impact on Development that begins on Wednesday will consider adoption of a document calling for "new voluntary and innovative sources of financing initiatives to provide additional stable sources of development finance..." This is U.N.-speak for global taxes. They are anything but "voluntary" for the people forced to pay them. The most "popular" proposals, which could generate tens of billions of dollars in revenue for global purposes, involve taxes on greenhouse gas emissions and financial transactions such as stock trades. The document was agreed to at an informal meeting of expert "facilitators" and was made available on Monday afternoon at 3 p.m. It is doubtful that any changes will be made to it. The conference was postponed from June 1-3 and will now take place June 24-26 at the U.N. in New York. While the "outcome document" has been watered down somewhat from the previous version, it still reaffirms attainment of the U.N.'s Millennium Development Goals, which would require the payment of $845 billion from U.S. taxpayers. A commitment to the MDGs was a stated objective of the Global Poverty Act, which Barack Obama had introduced as a U.S. senator. It requires the U.S. to devote 0.7 percent of Gross National Income to foreign aid. Now, as President, Obama can bypass the Congress and simply direct his Ambassador to the U.N. Susan Rice to approve the U.N. conference document. Then the pressure will be increased on Congress to come up with the money and satisfy our "international commitments." This is the pattern that he followed in regard to more money for the International Monetary Fund (IMF). After agreeing at the G-20 summit to provide more money for the IMF, the Obama White House slipped the cash and credit into the recently passed emergency war funding bill. The Obama White House had added billions in cash, as well as a $100 billion line of credit, for the IMF. Rep. Mike Pence commented, "This legislation, which includes $108 billion in loan authorizations for a global bailout, for the International Monetary Fund¯at a time when this government has run up a $2 trillion annual deficit¯I believe does a disservice to taxpayers and to those that defend us. Passing a $108 billion global bailout on the backs of our soldiers is just not right." The U.N. conference document explains where all of this is leading¯the destruction of the American dollar as the world's reserve currency and the build-up of global institutions such as the IMF and the U.N. It declares that "We acknowledge the calls by many states for further study of the feasibility and advisability of a more efficient reserve system, including the possible function of SDRs in any such system and the complementary roles that could be played by various regional arrangements." SDRs are Special Drawing Rights, a form of international currency that enables global institutions like the International Monetary Fund to provide more foreign aid to the rest of the world. The U.S. pays for SDRs through its financial contributions to the IMF. If implemented, the document would officially mark the end of the United States as the world's leading economic power. Urging socialism as the solution to the crisis, the document states that "Insufficient emphasis on equitable human development has contributed to significant inequalities among countries and peoples. Other weaknesses of a systemic nature also contributed to the unfolding crisis, which has demonstrated the need for more effective government involvement to ensure an appropriate balance between the market and public interest." The nerve center of this emerging new international socialist system will be the United Nations, a body that has developed a reputation for corruption and incompetence and whose "peacekeepers" have been implicated in sexual abuse and other human rights violations.