In These New Times

A new paradigm for a post-imperial world

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Morons from Westminster descend on China

Posted by seumasach on November 10, 2010

“The truth is that some countries with current account surpluses have been saving too much while others like mine with deficits have been saving too little.”

This is the kind of infantile stuff we get from a British prime minister.

The truth is that some countries which have destroyed their own industrial base are too dependent on the savings of other countries. I could hardly believe what I was reading when I saw this- it looks like a spoof. Cameron claimed to be batting for Britain but he’s batting for Anglo-America, for the obsolete empire in its showdown with the rest of the world at the G20.

David Cameron urges China to correct trade imbalance

BBC

10th November

UK Prime Minister David Cameron has stepped into the row over “currency wars” with a warning that China should act to correct its trade imbalance.

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