G20 finance ministers fail to agree on carbon plan - prefer printing money for rich countries!

Get the latest Flash player

ddchalmers
November 08, 2009

G20 finance ministers have failed to agree on how to fund global cuts to carbon emissions ahead of the Copenhagen climate summit. This is tantamount to re-arranging the deckchairs on the Titanic (in 2009!) - before the inevitable end!

The outcome will be devastating for 'third world' economies resulting from rising sea levels, droughts, floods, hurricanes, etc etc etc. They could have been helped by sharing in the funding but that is not to be.....

Poorer nations + even not-so-poor countries which cannot afford to indulge in "Quantative Easing" (the spoofy officially sanctioned term for printing money a la the 1930's German Weimar Republik) will be abandoned to their fate!?!?

Meanwhile, the 'developed nations' will reap the effects of hyperinflation - a kind of financial self-destruction - or the economic enslavement of their future generations to intolerable levels of debt in repaying their fore-fathers' wanton profligate errors

Oh, it is expected that there will be a carbon tax in 'rich countries' which will transfer wealth as compensation to poorer countries. Better think again, uhh. Once inflation has taken over, who will be able to afford that tax? It will soon be replaced by 'extinguishment of carbon tax' legislation in order to escape such a fanciful notion..... unless carbon trading schemes are intended to take over from share market + financial market trading?!?!

*

Category: Nonprofits & Activism

More From: ddchalmers

Play All Stop Autoplaying | Play Next

QuickList(0)

Clear | Save

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.

YouTube	Programs	Help	Policy	Discover
Contact Us	Advertising	Get Help	Privacy Policy	YouTube on Your Phone
YouTube Store	Developers	YouTube Handbook	Terms of Service	YouTube on Your Site
Press Room	Partnerships	Community Help Forums	Copyright Notices	YouTube on Your TV
Business Blog	Content Management	Safety Center	Community Guidelines	YouTube RSS Feeds
YouTube Blog		Creator's Corner		TestTube

Add YouTube to your Google homepage

Current Location: Spain Show locations

G20 finance ministers fail to agree on carbon plan - prefer printing money for rich countries!

More From: ddchalmers

QuickList(0)

Featured Videos

Statistics & Data

Video Responses (0)

Text Comments (0) Options

Would you like to comment?

G20 finance ministers fail to agree on carbon plan - prefer printing money for rich countries!

More From: ddchalmers

QuickList(0)

Related Videos

Featured Videos

Statistics & Data

Video Responses (0)

Text Comments (0) Options

Would you like to comment?