In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘G20’

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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Germany says federal reserve heading `wrong way’ with monetary easing push

Posted by seumasach on October 24, 2010

European Central Bank President Jean-Claude Trichet said that the G-20 made “no particular conclusion” after some members expressed concern about proposals for further quantitative easing in the U.S.

I think the conclusion is that the US plan has been quietly but firmly rejected. What will their next step be? Nice to see a bit of straight speaking from the Germans – they’re becoming increasingly uppety.

Bloomberg

23rd October, 2010

The Federal Reserve’s push toward easier monetary policy is the “wrong way” to stimulate growth and may amount to a manipulation of the dollar, German Economy Minister Rainer Bruederle said.

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Brazil sees more promising horizons with G-20 than UN Security Council

Posted by seumasach on June 22, 2010

Today’s Zaman

22nd June, 2010

A veteran career diplomat of Brazil believes that the G-20, or the Group of Twenty, is evolving into a broader forum in terms of its agenda and that its representation is far wider than the UN Security Council.

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The G20 summit is already exposing tensions between the US and China

Posted by smeddum on March 29, 2009

Leading article: This crisis affords a glimpse of global power in transition
The G20 summit is already exposing tensions between the US and China

Friday, 27 March 2009

Independent

A London perspective on next week’s G20 summit inevitably places Britain, and the Prime Minister Gordon Brown, at the centre. But among those countries briefly orbiting the British sun there are two – the United States and China – that could, almost by themselves, dictate the future of the world. What is more, recent days have supplied ample evidence of the potential for friction between them. Already they seem to be circling each other warily, probing their comparative strength. Read the rest of this entry »

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Germany and France reject Brown’s global economic recovery plan

Posted by seumasach on March 14, 2009

Reason has prevailed and most countries don’t want to channel every penny they have the way of a chosen banker elite. The plan’s other key element, the use of a recapitalised IMF to force through the policies of Washington and London also appears to have come to nothing:

Finance ministers and central bankers said the IMF’s resources should be increased “very substantially”, from their current level, to prevent developing countries suffering disproportionately from the credit squeeze; but they offered no immediate commitment to provide new funds.

Brown is a poor player and his one hour strutting and fretting on the global stage is now up. His plan is “a tale told by an idiot, full of sound and fury, signifying nothing”

Guardian

14th March, 2009

Gordon Brown‘s hopes of uniting the world’s most powerful economies behind a massive new package of tax cuts and public spending increases were in ruins today after he failed to persuade France and Germany to back his plan to revive the world economy.

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Barroso defends EU’s handling of economic crisis

Posted by seumasach on March 11, 2009

Brown’s agenda is obviously floundering and its defeat should be clear at the G20

David Gow

Guardian

11th March. 2009

The European commission president has hit back at US criticism that the EU is providing an inadequate economic stimulus for global recovery and accused the Obama administration of being averse to greater regulation of the financial sector.

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Mercosur in “solid position” to address global crisis

Posted by seumasach on November 13, 2008

Mercopress

13th November,

2008

Mercosur country members are in a more solid position to face the global financial crisis that rich nations, said Brazilian president Lula da Silva who nevertheless called for a stronger trade links among its members.

“Mercosur countries are in a growth and jobs creation cycle”, said Lula da Silva in his broadcast program “Coffee with the President”. “We know the global financial crisis is very serious, but we are in better conditions to address it than the rich nations”.

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Dim Prospects for Financial Reform Summit

Posted by seumasach on November 13, 2008

 

 

Spiegel

12th november, 2008

The faucets dripped, the windows couldn’t be opened and rain and snow came in through the roof and dripped down the walls. The Mount Washington Hotel in the small New Hampshire town of Bretton Woods was not in great shape when it served as the site of a conference on a new world economic order for 700 international financial experts shortly before the end of World War II. The 1944 meeting went on for three weeks in what one guest dubbed the “madhouse.” Still, despite the sub-optimal conditions, by the time it had ended, the conference had agreed on the rules and institutions that would shape the international financial system for decades to come.

 

Leaders from G-20 nations will meet in the National Building Museum in Washington D.C. this weekend for a summit on the global financial system.

AFP

Leaders from G-20 nations will meet in the National Building Museum in Washington D.C. this weekend for a summit on the global financial system.

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Secret Plan For IMF World Dictatorship G-20 Summit In DC On 11-15-8

Posted by seumasach on November 11, 2008

Webster Tarpley

11th November, 2008

Rense.com

This is a confidential strategy paper for the November 15 G-20 summit in Washington DC. This is not a new Bretton Woods in any sense, but rather a British-steered attempt to impose the dictatorship of the International Monetary Fund (IMF) on the entire planet, wiping out all hope of economic recovery, the modernization of the developing countries, and national sovereignty at the same time.
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Crise financière -Ajustement, mutation ou effondrement de l’Empire ?

Posted by seumasach on November 3, 2008

Thierry Meyssan

Voltairenet.org

2nd November, 2008

Depuis l’été 2006, Thierry Meyssan pronostique l’effondrement des États-Unis à moyen terme suivi de leur dislocation. Ce point de vue —qui a fait beaucoup sourire— trouve aujourd’hui un début de confirmation : rien ne parvient à stopper la crise financière US qui se transforme en crise économique. Selon cet analyste, qui est politologue et non pas économiste, les sommets internationaux qui se succèdent aujourd’hui n’ont pas pour but de résoudre la crise, mais représentent une révolte des États vassaux pour réorganiser un système qui, bien qu’agonisant, continue à profiter aux États-Unis.

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