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At the G 20 summit in London, President Barack Obama won rave reviews from reporters, many of whom clamored like school kids for the chance to ask him a question at his news conference, but the official conference document proves that plans are being made for what can only be described as the further looting of American taxpayers in order to feed unaccountable and corrupt global entities.

This is not "global cooperation," as so many in the media described it, but a massive new expansion of the power and authority of international agencies and institutions such as the United Nations, the International Monetary Fund and the World Bank.

By embracing the "global plan for recovery and reform," which is how it was officially described, Obama explicitly endorsed International Monetary Fund (IMF) surveillance of the U.S. economy, creation of a global "Financial Stability Board," the expanded use of a new global currency called Special Drawing Rights, a new global warming treaty, and costly fulfillment of the United Nations Millennium Development Goals (MDGs). This is in addition to the explicit and reported commitment of over $1 trillion in additional taxpayer money to the IMF and the World Bank.

The Special Drawing Rights proposal, which is a vehicle for further U.S. foreign aid to the rest of the world, was the brainchild of billionaire George Soros, who told CNBC's Maria Bartiromo that the G 20 conference was a "success."

Dubbed the "Lenin of the 21st Century" by the Ripon Forum magazine, because of his apparent transformation from super-capitalist into "neo-Marxist," Soros waged an expensive but unsuccessful campaign to defeat President George W. Bush for re-election in 2004. He has been determined to install a puppet in the White House.

In addition to financing Democratic Party politicians and left-wing organizations such as the ACLU, he has subsidized a wide array of liberal causes, ranging from abortion rights to gay rights to legalization of dangerous drugs. Even former members of the terrorist Weather Underground, such as Bernardine Dohrn and Linda Evans, have appeared at functions sponsored by his so-called Open Society Institute or accepted its grants.

Soros had backed Obama for president in 2008, saying that he had "the charisma and the vision to radically reorient America in the world." His prediction seems to be eerily coming true.

In the final analysis, the grand total of money to be looted from American taxpayers as a result of Obama's commitments at the G 20 conference could easily surpass trillions of dollars. In a major understatement, the official conference document calls it "unprecedented and concerted fiscal expansion."

But while Obama endorsed the document and its recommendations, the Congress of the United States can still have some say over whether some of the commitments he made are put into law.

Consider the commitment to the U.N. MDGs, for example. The document includes the statement that "we reaffirm our historic commitment to meeting the Millennium Development Goals..." This is, in fact, a disguised attempt to make then-Senator Obama's Global Poverty Act the law of the land through executive action. This measure alone has been estimated to cost $845 billion and it was never passed by Congress because of public opposition. In similar fashion, the current Congress can also resist compliance with the U.N. mandate.

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