October 24 was U.N. day, celebrated by many as the birthday of the United Nations. In its 63 years of operation, it has spent untold billions of dollars in its quest to create global governance. Its goal is almost in its grasp. European leaders are pushing for a summit meeting with President Bush to create a new global “central bank,” with the authority to control global monetary policy in much the same way U.S. monetary policy is controlled by the Federal Reserve.
