Will G20 Control Hot Money

[xbuster17]

you should listen to Cristina Fernandez president of Argentina on the g20. calling this an anarcho financial economy. i'm so proud of my president :). love

[KaptaanPakistan]

Y'all are dumb your system is so rotten that you are becoming more dumb everyday

[1969liberty]

when printed the money must belong to the citizens, Who offer their work for it, not to the print shops ( FED / ECB ) which does nothing.

[Lieu3C4]

Who cares about Countries!? I want to be an Oligarch !! bwahahahahahahahah...

[mphet26]

@Lieu3C4 I want to be a ruler of Russia... hope no one from Kremlin read this otherwise i could be killed))))))

[Haasenpad]

Right title > "Hot Money controls G20"

[TheSelfGoverned]

@Haasenpad Or.... G20 manipulates hot money.

[Licmycat]

This sounded like nothing but garble to me! I know for a fact the ones who are tearing everybody down are lobbyists, stock market traitors and greedy rich Americans who don't NEED to starve people to keep padding their wallets with blood!!

[KillerWhaleSFl]

when will we admit the market system does not work? EVERYWHERE you look you see the negative results of humans trying to profit off one another. the environment? what do you THINK is going to happen with a model that requires constant consumption and growth to work? these rules and regulations are like putting a band aid on a brain hemorrhage

please people, its time to grow up. we can do better than this. SUPPORT A RESOURCE BASED ECONOMY

[atosafi1]

1 Global and regional agreements to harmonize tax rates, outlaw tax havens and impose a Tobin-tax on the financial sector

2 Prioritize Fair Trade, not Free Trade

3 Establish an international minimum level, through collective bargaining, with regards to wages, conditions & safety

This'll put a stop to the Race to the Bottom, bring the Third World up to our level, end the deindustrialization of the West and guarantee competition based on knowledge and competence rather than lower wages and taxes

[lostpebble]

 Just another excellent report.

[workwillfreeyou]

Unrestricted capital flow has allowed the global capitalists to close all manufacturing plants in the U.S. and move them to the lowest wage nations. The long term effect is to completely bankrupt the U.S. as a nation and centralize all wealth. For all practical terms the effect is that wages are now lowered to zero for all workers. Only the inner circles of the banks and global corporations will now get any share of the profits.

[workwillfreeyou]

Airport security scanners are primarily used for capital controls. To find people trying to leave the U.S. with cash, bonds, diamonds, gold or silver.

[sirellyn]

So yet again, the problem isn't the fact the Fed is allowed to loan(print) money out at next to zero to banks, it's the resulting fiasco that happens because of it.

Because, perish the thought that some people who aren't banks or have a line to Fed capital may actually want to invest in these places. And they would be screwed over, while the banks excel at skirting such rules.

Bravo, once again suggesting means to screw the small guys while meaning to hurt the big ones & avoiding the issue.

[StandUp555]

Excellent guests as usual .. thank you.

[Tribefull]

Kevin has lines on his face.

[dfg93353]

Steps to Restore America

A ConstitutionalConvention to EliminateCorporatePersonhood(W­olf-PAC,com)

EndTheFED&returntoADebtFreeGol­dPeggedCurrency

ReinstateGlassSteagal Abolish Derivatives & GiveDebtAmnesty

DestroytheMilitary&PrisonIndus­trialComplex

ReturntotheAmericanEconomicSys­tem of Hamilton,Lincoln&FDR

Establish FairTradeSystems

EstablishWorkerOwnedCooperativ­es

EstablishUniversalSinglePayerH­ealthcare&Education

Establish a Cap&Dividend GreenEnergyPolicy as opposed to fraudulent Cap&Trade

[TallFastLoud]

@dfg93353 get rid of the gold standard (and explain what Hamilton, Lincoln and FDR have to do with each other, aside from being federalists) and we agree. we want a progressive central bank, not a deflating currency (gold)

[dfg93353]

@TallFastLoud Fiat currency systems create inevitable inflation and devaluing of the currency. We need a gold standard to prevent this. Hamilton Lincoln and FDR are all adherents to the American School of Economics. They are real progressives as opposed to neoliberal corporate shills like Geithner.

[35171julie]

@dfg93353 How about we just go with glass beads? Or Beaver Skins? WTF!? Paul and Beck and their buddies have already made over 1000% profit on gold thanks to you idiots :P

[TheSelfGoverned]

@TallFastLoud How about a forced jubilee via planned destruction of the currency... then return to gold?

[GetMeThere1]

This should be a religious channel. Repeat after me: I BELIEVE! I believe that government can change reality by edict....

Governments finally allowed their currencies to float because they simply COULDN'T DO OTHERWISE. But....those in control HATE to give up control.

[2Majesties]

@GetMeThere1 ...but government IS business. Virtually everything government does is at the behest of business and corporate interest. Nothing happens in the halls of Congress that business does not want on some level.

[daveruda]

@2Majesties This is because the population allow making profits over people..thru state corporate propaganda ect. It could be different and we kind of see this on the street now.

Of course lots of money flow in government and healthy bussiness should be there...but that is not the case in too many instances.

[sinekonata]

@2Majesties Think of what would REALLY be of the western world if governments were as you say completely devoted to corporations. Do you really think any union law for example would be even imaginable in that kind of environment. Do not underestimate the leverage the citizens have been able to apply on their government. Depending on the country, that leverage is different (US/UK vs. Sweden/Venezuela/Cuba). Your job is not to repudiate government but to make it yours...

[aburashdan]

how does middle income countries in south asia such as Bangladesh, Pakistan or in east asia, e.g. Vietnam or Cambodia which have also evaded the global economic crisis by strict capital control continue to provide high bank interest rates to their middle class without costing jobs ?

[bhikshuni]

@aburashdan because of lack of investment opportunities in anything much other than real estate; at least thats how it looked to me in Nepal (my banks there saving account for women ~6%!!!

[bhikshuni]

@bhikshuni also some of those middle classers in those countries are taking in foreign remittances from relatives abroad (in excess of GDP)