PERSPECTIVEnSurviving in the New World OrdernGeorge Bush chose a risky moment for launching hisnNew World Order. World stock markets have reactednto the vicissitudes of war with all the stability of a manicdepressivenwho won’t take his medicine when he’s feelingnup and doesn’t see the point of taking it when he’s down.nThe mere rumors of war were enough to send oil prices upnand stock prices down, but the brilliant success of the firstnday’s air attack caused an ebullient rebound in world stocknmarkets and lowered oil prices by $10 a barrel. However,ncontinued Iraqi resistance wreathed in the black smoke of anpipeline fire was enough to send the bears back intonhibernation.nWar is probably not the best medicine for an ailingneconomy that has just been hit by bank failures and taxnincreases. The money industry in the United States hasnbeen on the verge of crisis for some time. FDIC’s decisionnto take over the Bank of New England in January came hardnon the heels of the temporary closing of Rhode IslandnCredit Unions, bankrupted by the failure of their insurer. Ifnone can believe Ralph Nader and other “consumer advocates,”nmany large insurance companies are on the brink ofnruin. Worst of all, the savings and loan industry, as a rewardnfor its follies and chicaneries, is being bailed out bynAmerican taxpayers whose children and grandchildren willnhave to pay for the mistakes of incompetent regulators andncorrupt liberal senators, yea unto the fourth generation.n(One had always heard that Senator Cranston, impeccablenanti-American leftist that he is, despised wealth, especiallynthe wealth of American plutocrats, but it always turns outnthat socialists so firmly believe what they say about capitalistngreed that they are determined to get in on the action.)nThe causes of these emergencies are varied and complex.nSome institutions have followed the Donald Trump modelnof investing heavily into real estate markets on the way up.n12/CHRONICLESnby Thomas Flemingnnnonly to discover that elevators can move in more than onendirection. Others, in their rapacity for Arab petrodollars,nshowered billions of dollars on Third Wodd countries, whonused the money to pay the interest on their already massivendebt. The general opiriion is that the international Americannbanks, Chase Manhattan, Hanover Trust, Citibank, Bank ofnAmerica, et al., will never see a penny of the principal owednby Brazil and Mexico, but with the usurious rates of interest,npremiums, and penalties they’re charging, it is a situationnthey can live with — so long as there is not a run on thenbank.nBut if there were, the nearly bankrupt FDIC will be surento bail them out on the principle of “too big to fail,” whichnmeans apparently that the bankers who go into governmentnservice are committed to saving their own industry’s bacon.nIn the case of the Bank of New England, FDIC DirectornSeidman decided to guarantee all accounts, including thosenover the $100,000 limit.nOn the other hand, when a small bank in Hadem failed, itnwas only under pressure that the FDIC agreed to setde onn50 cents on the dollar for accounts over $100,000 —nprecisely the offer made by Mr. Potter to the depositors ofnthe Bailey Building and Loan.nOf course, Mr. Seidman’s defense is that the Bank ofnNew England is important to the New England economy,nbut the real difference is that major banks are players in thennational and international money game; a black communitynbank is not, and it is the stability and security of internationalnmarkets that must be preserved.nWhen the oilman-turned-international-avenger speaks ofna New Wodd Order, he clearly has in mind something anlittle less ambitious than world conquest but more grandiosenthan the mixed assortment of multinational corporations,ninternational banks, and U.N. agencies (the IMF and then