A “second wave” of countries will fall victim to the economic crisis and face being bailed out by the International Monetary Fund, its chief warned at the G7 summit in Rome.

Dominique Strauss-Kahn’s warning comes amid growing concern that at some point in the next year a major economy could have to seek support from the Fund. Mr Strauss-Kahn, who was yesterday attending the Group of Seven leading finance ministers’ meeting in Rome, said: “I expect a second wave of countries to come knocking.”

The IMF managing director also said the rich world was now in the midst of a “deep recession”. It came as the G7 pledged to avoid slipping into protectionism and repeating the same political and economic mistakes as were made in the 1930s. Ministers also pledged to do more to support their banking systems, sparking speculation that a number of countries, including Germany and France, will unveil new bail-outs and possibly set up “bad banks” as they scramble to fight the crisis.

But with some countries’ economies effectively dwarfed by the size of their banking sector and its financial liabilities, there are fears they could fall victim to balance of payments and currency crises, much as Iceland did before receiving emergency assistance from the IMF last year.

Some have speculated that the UK may have to seek IMF support if capital markets become frightened of the size of its foreign financial liabilities, which increasingly appear to have become supported by the state. But there are a swathe of Eastern European countries which appear particularly vulnerable and may need IMF support.

With the Fund’s warchest expected to run dry later this year, the Japanese confirmed in Rome that they would supply an extra $200bn of capital to the Washington-based institution.

Mr Strauss-Kahn, who warned recently that his resources could run dry within six months, said: “This is the largest loan ever made in the history of humanity.

IMF chief warns second wave of countries will require bail-out

Elite members of the World Economic Forum (WEF) meeting in Davos, Switzerland, recently considered a proposal for a new global television network to usher in a state of “global governance.” The concept strikes some as authoritarian, even totalitarian. But the parent company of Fox News was one of the sponsors of this year’s gathering.

The media proposal, which was included in “The Global Agenda 2009” report, is to create “a new global network” with “the capacity to connect the world, bridging cultures and peoples, and telling us who we are and what we mean to each other.” Several prominent U.S. media figures signed on to the alarming and controversial proposal.

Isn’t it nice that we might have a TV network telling us “who we are?” And “what we mean to each other?” Perhaps we will learn that we are global citizens. Perhaps a global leader of some sort will tell us that. Who might that be?

This proposal doesn’t come from a fringe organization. The WEF is an exclusive club of very rich and powerful people from around the world. It describes itself as “an independent international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional and industry agendas.”

This year’s conference featured speeches by U.N. Secretary-General Ban Ki-moon and Chinese Premier We Jiabao. Many U.S. corporations, including some getting Wall Street bailout money, were sponsors. News Corporation, the parent of Fox News, was a “strategic partner” of the event.

Valerie Jarrett, Assistant to the President for Intergovernmental Relations and Public Liaison, represented the Obama Administration at this year’s event and called leaders from all nations to “seize gladly” the duties of collaborating and boldly embrace “a new era of global financial responsibility.”

But the WEF also envisions cooperation and collaboration in global media ventures. It asks, “How can we save journalism to help it save the world?” Clearly, this is advocacy journalism on a global scale.

Indeed, the list of “Recommendations” says it is imperative to start “Communicating a global agenda, and motivating and mobilizing people to support it…”

Is this journalism? Or is it brainwashing and propaganda?

It says that “a genuine, global voice” is needed that shares a “fundamental commitment” to being an international media voice, and makes mention of “the media voices we think of as international” coming from London (the BBC), Qatar (Al-Jazeera) or Atlanta (CNN).

BBC is known for its anti-American programming, Al-Jazeera for its pro-terrorist slant, and CNN for its left-wing and pro-Democratic bias.

It will take “innovative public-private funding” to bring this new network into being, apparently meaning that the taxpayers in the U.S. will have to be soaked in order to help bring this about. But no price tag is put on the venture and no objection was apparently raised to government funding of such a network on a global basis. An “overview” statement does, however, decry “censorship and self-censorship.”

Elsewhere in the report (page 31) the idea of “international taxation” is proposed for “global action” of various kinds. Perhaps this is a vehicle for raising revenue for the new “global voice.”

The media proposal was developed by one of several “Global Agenda Councils” under the auspices of the WEF. The new TV network proposal was issued under the supervision of Pat Mitchell, the president of the Paley Center for Media and former President and Chief Executive Officer of the Public Broadcasting Service. She was the chair of the Global Agenda Council on the Future of Media.

Other members of the Council on the Future of Media were Betsy Morgan of the left-wing Huffington Post (former general manager of CBSNews.com); Rui Chenggang of China Central Television, an official political propaganda arm of the communist regime; and Zafar Siddiqi of CNBC Arabiya, a subsidiary of General Electric which is described as a 24-hour Arabic language financial and business information channel.

There is no indication in the published report that the Huffington Post executive raised any objection to working hand-in-glove with the communist propaganda channel. Is the Chinese media model a precedent for the new “global network?”

The conference was covered by media organizations such as CNBC, CNN, Bloomberg, Forbes and Fox, but no coverage that we could find was devoted to the proposal for a government-financed global media network. Talk about self-censorship!

John J. DeGioia, President of Georgetown University and the “Rapporteur of the Global Agenda Councils focusing on Society and Values,” summarized the work of Mitchell’s panel. He says (page 46) that, “We believe that this new moment also calls for a new media platform, across all media channels, a global non-profit ‘CNN’ providing a new form of independent journalism to inform, illuminate and deepen knowledge about issues that improve the state of the world.”

According to DeGioia’s biography, he walks the walk and is dedicated to helping “prepare young people for leadership roles in the global community.” His bio adds, “He is a member of the U.S. National Commission for UNESCO and Chair of its Education Committee and he represents Georgetown at the World Economic Forum and on the Council on Foreign Relations.”

The media council took advantage of what a description of its work said was an “enormous opportunity” to “redefine the media and its roles in a global, interconnected society.”

Under the title of “Recommendations” (page 182), the Council on the Future of Media declares that “The Council is championing a new global, independent news and information service whose role is to inform, educate and improve the state of the world?one that would take advantage of all platforms of content delivery from mobile to satellite and online to create a new global network.”

It goes on, “In a world where there are calls for global governance as a response to a global financial crisis, where scientific research, capital flows and production chains are globalized, the media and the communities in which we imagine ourselves remain fiercely localized.” Hence, a global network will work against “localized” or national-based systems and convince people to go “global” with their outlook and solutions. In other words, the new network will help undermine old-fashioned notions of national sovereignty and patriotism.

There are 22 members (page 183) of the Council on the Future of Media. In addition to Mitchell and Morgan, American members include:

Alex S. Jones, former media reporter for the New York Times and now Director, Joan Shorenstein Center on the Press, Politics and Public Policy, John F. Kennedy School of Government, Harvard University.

Susan King, former Washington correspondent for ABC News and now Director, Journalism Initiative, Special Initiatives and Strategy, Carnegie Corporation of New York.

John Lavine, Dean, Medill School of Journalism Northwestern University.

Nicholas Lemann, former Washington Post reporter and now Dean, School of Journalism, Columbia University.

David Nordfors, Director, Innovation Journalism and Senior Research Scholar, Stanford Center for Innovations in Learning, Stanford University.

Monroe Price, Director, Centre for Global Communications Studies, Annenberg School for Communication, the University of Pennsylvania.

Orville H. Schell, Director, Center on US-China Relations, Asia Society.

There doesn’t appear to be one identifiable conservative member on the list. Of course, everyone on the list is a certified objective media professional, neither liberal nor conservative. Just ask them.

Emerging global elite to use new global media to educate ‘global citizens’

“There is no salvation for civilization, or even the human race, other than the creation of a world government.” - Albert Einstein Megiddo I: The March to Armageddon explores Bible prophecy concerning the last day empire prophesied in the Old and New Testaments. This documentary features never-before-seen interviews with some of the leading researchers on the subject. Megiddo I reveals how God uses prophecy to prove His existence and to separate Himself from all others that claim His authority. This informative documentary also chronicles startling quotes from powerful men of history who have spoken of the need for world government to further the cause of peace. But what does the Bible say about “world peace” and its consequence for mankind? Seen through the lens of prophecy, What is the significance of World War I and II? Were these birth pangs to prepare the nations for World War III and Armageddon? “…the end of all things is at hand…” - 1 Peter 4:7

The Lie of the Serpent is the second part of the controversial Meggiddo series, which next focuses on the highly influential New Age movement. But is the New Age really new? Or does it represent the ancient doctrine taught by the serpent to Eve in the Garden of Eden? Excellent documentary!