WTO Redux For Financial Regulation

I hate to sound like a conspiracy person, but when it fits, it fits. Welcome to the New World Order. According to Bloomberg the G20 has committed to global regulation that would look like:

Rogoff [former IMF economist] says that “it seems virtually certain that four to five years from now, the world will have either a global financial regulator or, more likely, a treaty on global financial regulation with a secretariat, akin to the World Trade Organization.” Still, he adds, “nothing is going to happen quickly.

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