One of the global bodies which was formed to freeze world...

One of the global bodies which was formed to freeze world crisis was the United Nations Organization (UN). However the UN's inability to establish authoritative rules has been its greatest failure. The genuine desire to make the UN more effective is being underplayed by forces controlling the world economy namely the G8 which is strongly influenced by the US.

They are maintaining pressure to ensure international economic policy is kept out of UN's control and transferred to the International Monetary Fund (IMF) and World Bank which they totally control. Right now these very nations that talk of democracy make dirty deals with strategic allies who have no use of democratic values. These are double standard policies which govern the world.

The global situation shows that the world economy is being looted by powerful nations under the pretext of democracy. Nearly 80% of the known oil reserves of the world are in the hands of government controlled national oil companies. Countries are attacked and their economies are looted under the guise of terrorism, weapons of mass destruction and undemocratic rule, whereas the real reasons are found in enriching their own coffers and those of their allies.…