Don't Panic! G20 Meeting is doomed to failure...

Feb 23, 2009

G20 Preparatory Meeting - European Summit, Berlin Press Meeting:
http://ec.europa.eu/avservices/ebs/schedule.cfm?page=1&date=02/22/2009&am...

The FULL text of Gordon Brown' speech at the new's conference is at the end...

Gordon Brown press conference, London Summit, 18 February 2009:
http://www.youtube.com/watch?v=vWXdCIUX5Wg

Executive Summary:
http://www.londonsummit.gov.uk/resources/en/PDF/road-to-summit-summary

Full Report:
http://www.londonsummit.gov.uk/resources/en/PDF/road-to-london-summit

"We will all pay a high price for free-trade failure":
http://ec.europa.eu/commission_barroso/ashton/speeches_articles/artpm056_en.htm

CRS reports on WTO and Doha round:
http://wikileaks.org/leak/crs/RS22927.pdf
http://wikileaks.org/leak/crs/RL32060.pdf

GEAB No32 is available! 4th quarter 2009 Beginning of Phase 5 of the global systemic crisis: phase of global geopolitical dislocation:
http://www.leap2020.eu/GEAB-N-32-is-available!-4th-quarter-2009-Beginning-of-...

Gordon Brown FULL Text:

Our first priority are the needs of homeowners are worried about their mortgages, men and women worried about their jobs; and of course businesses worried about whether they will have the working capital at a time when the banking system has failed them.

And these testing times need the best of economic leadership - and I'm very grateful to Chancellor Merkel for the leadership she has shown in convening this meeting today.

A meeting which is a pathway towards the G20 Summit on April the second in London, at which countries from all over the world will be present.

These are testing times.

We have seen the biggest global fiscal stimulus that has ever been done.

We've seen the biggest cut in interest rates that the world has ever had.

We are now seeing the biggest injection of funds into our banking system to ensure that banks can lend again to businesses.

But today we decided that we need to do even more than that, by working together.

We need a Global New Deal, we need a Grand Bargain between the countries and continents of this world, so that the world economy can not only recover, but as Angela Merkela said, the economic system of the future can be based on the soundest and best principles of all.

First of all we are determined that where we have global flows of capital, that instead of just national supervisors - which is inadequate - we will have a global system where we can identify and show transparancy and have disclosure of all financial institutions including the special investment vehicles, the shadow banking system that has emerged, and of course, hedge funds.

And these principle shall be enshrined in the Financial Stability Forum's work which will be presented to the G20 in April.

Secondly, we need to go further and ensure that the monetary and fiscal stimulus that the world is now seeing, is one that delivers the results that we want.

About a trillion dollars already has been invested into the world economy - more is to come - and we need to show that that is delivering the jobs and the opportunities that are absolutely essential for the recovery.

And the third thing that we got to show, together, is that we can restructure the banking system around sound banking principles, that deliver the integrity and the trust and the openness and transparency that is essential for people to once again trust the banks.

And we are looking at how working with all continents, we can ensure the best means by which the banking system can serve the public stewards of people's money, rather than speculators with people's money.

And fourthly and finally, we decided that the international institutions have got to play a bigger role in working with individual countries to ensure both the stabilty of the international system and it's growth.

We decided that the international institutions should have at least 500 Billion Dollars to enable them not just to deal with crisis, but to enable them to be able to prevent crisis.

We have also decided that we want to see a greater role for the World Bank in helping the poorest countries of the world.

We also want to see, as part of the stimulus to the World Economy, a Global Green Deal - in other words - that a lot of the resources that are invested, are invested in a low-carbon economy for the future.

We are resolved that global problems need global solutions, and we will work together over these next few weeks to make sure that by our cooperation and our determination to act together, we can not only inject the confidence that is necessary in the World Economy but also build anew the economic activity that is necessary for the jobs; for the security that the people of the world want.

Category:

News & Politics

Tags:

• G20
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• Angela Merkel
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[TricKyMcTrickPants]

Pack of gum $0.30, Pack of smokes $8.00, Hooker 15.00, Watching a gray haired virgin rant about things he has no clue about on youtube, priceless.

[FeverIAm]

Have you read the communique? surprising what is in there...

[every1changes]

hmmm i guess it wasnt a failure after all

lmfao

[FeverIAm]

It is to anyone in a "developed country"... watch tonight's posting (just uploading now)

[Pmppsg]

Please, give us a break ! You, from rich countries, have always exploited outrageously natural ressources from Africa and Latin America. North America, Europe have always lived as parasites, living a good life out of weapons' sales to poor countries. There is NO weapon production in Africa or Brazil yet these are the places you can find most weapons in the world. Weapons produced by USA, United Kingdom, Germany, Israel, France, Italy,etc. So please, stop playing the victims now !

[Piscivorus]

They're not talking about a global currency where we all use the same money, they're talking about a global reserve currency where all central banks have to borrow this money from a super central bank. Such a super central bank would have the power to control the interest rates of all central banks and thereby control the flow of credit in all nations. It would basically have the power to dictate the prosperity or disparity of any nation on Earth.

Money should be issued by govs., not banks.

[stevey65]

and so shall men fail. Men will not fix anything, they only keep making matters worse. The King of Kings, The Lord is the only way and the only one who will fix this world. So, get right with him, and get supplies, food etc - Get prepared now...

[FromDimmuLand]

Ah, there is no Out of this, it doesnt start until 2010, then youll see the chaos ..

Buy Food ..

[coverchenko]

the g20 is the meeting of international bank leaders. they basically meet anually and discuss topics like inflation and economic problems and how to solve them. im not sure why that is so hated, maybe because socialists are so ignorant and stupid.

[coverchenko]

what exactly is your beef with the g20? they are the leaders you elected and the ones that are gonna drag us out of this mess. oh and you have no right to hurt anyone no matter how justified you may think it is.

[IIIArrow711]

ahhh i dont want to watch videos. what is thje g20 meeting about can someone who is EDUCATED plzzz inform on what this is cuz i dont want to search for like hours trying to figure this out or watch videos. :)

[beeohhski]

well g20 didnt fail so HAHAHAHAHAHAH

[bumpkin53]

did he die

[minx767]

uhhhhhhhhhhhhhhhhhhh i have A.D.D so how may times do i have to replay it to understand?

GO VAMPIRES!!!!