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THE G20 BUSH SNUB THAT WASN'T

More at http://therealnews.com/t/index.php?option=com_content&task=view&id=100

G20 leaders have a nice dinner, but do not deal with how to make financial institutions serve the public

Today we will once again be talking about the state of world finance and the global economy. At a one-day summit in Washington the leaders of the 20 most economically important countries agreed to a radical change in the international monetary system. Their final statement pledges to reform global financial institutions such as the World Bank and the International Monetary Fund. How radical could this reform be? And will it really help prevent a new Great Depression? Were about to hear one of the most competent commentators on the subject - our guest today is the Director of the London School of Economics - Howard Davies...

G20 Leaders account for 90% of the world GDP can you name them?

UN Secretary General Ban Ki-moon, European Commission President Jose Manuel Barroso, Italian Prime Minister Silvio Berlusconi, British Prime Minister Gordon Brown, German Chancellor Angela Merkel, Spain President Jose Luis Rodriguez Zapatero, Turkey Prime Minister Recep Tayyip Erdogan, Indian Prime Minister Manmohan Singh, Canadian Prime Minister Stephen Harper, Australian Prime Minister Kevin Rudd, Japanese Prime Minister Taro Aso, World Bank President Robert Zoellick, International Monetary Fund Managing Director Dominique Strauss-Kahn, Netherlands Jan Kees de Jager Russian President Dmitry Medvedev Mexican President Felipe Calderon Hinojosa Indonesian President Susilo Bambang Yudhoyono, Brazilian President Luiz Inacio Lula da Silva, U.S. President George W. Bush, Chinese President Hu Jintao, King of the Kingdom of Saudi Arabia Abdullah bin Abd al-Aziz Al Saud, French President Nicolas Sarkozy, South Korean President Lee Myung-bak and South African President Kgalema Motlanthe pose for group photo at the Summit on Financial Markets and the World Economy at the National Building Museum on November 15, 2008 in Washington, DC.

G20 leaders have a nice dinner, but do not deal with how to make financial institutions serve the public

The leaders of the world's 20 largest economies have pledged to work together to put the global economy back on track. At a one-day summit in Washington they agreed to wide-ranging reforms of the international financial system. Finance ministers have been told to come up with detailed proposals and report back.

Quoted text from Sky News.

"The leaders of the world's 20 major industrial and financial nation have vowed to reform the global financial systems - as a first step towards halting the worsening financial crises.

Britain's Prime Minister Gordon Brown described it as "an historic agreement". But it is only a very fragile framework the leaders have agreed upon.

It has been left to their finance ministers to flesh out a general statement of principles before another summit in April and then another in the summer.

This emphasises how difficult the problem is and how long it is going to take to solve it.

Amongst the aims the summiteers pledged to achieve was a reform of the world's international institutions.

They include the World Bank and the International Monetary Fund - both of which, it was agreed, needed to be revitalised and refinanced to meet the challenges of the global age.

The G20 also pledged more regulation and transparency of banks and finance houses, including cross border co-operation to monitor multi national banks.

A 'fresh look' at rules government market manipulation and fraud, was another proposed measure.

There was, apparently, not total agreement about how these aims should be achieved.

That will be left to the finance ministers and their officials to thrash out, starting immediately.

But the leaders did pledge to "lay the foundation for reform to help to ensure that a global crises, such as this one, does not happen again".

Outgoing US President George Bush declared that America could have gone into a downward economic spiral worse than the 1930s Great Depression without steps already taken by his government."

Sommet du G20...

Saturday's one-day summit of G20 leaders in Washington could be the first step in reforming the world's economy and banking system. However, many analysts are sceptical about the outcome, saying the meeting is unlikely to bring any practical results. One reason for the pessimism is the lame-duck status of the U.S. president.

Afshin Rattansi talks to Max Keiser about the dollar as world leaders lean to it being removed as the world's reserve currency. And the implications for social unrest in the U.S. and signs of failures to come in an Obama administration

At the G20 summit set to commence in Washington DC on November 15 no less than 85 per cent of the world's economy and two-thirds of its population will be represented. And there are hopes that this one meeting will provide the solutions to the worst crisis in decades.

Already, the World Bank estimates, high food and fuel prices have driven 100 million people into poverty. So to help protect the poorest, and minimize cuts in government investments in basic services like education, the World Bank its prepared to triple its lending to developing countries.... from $13 billion to $35 billion this year.

The Group of 20— the leaders of developing countries like India, China and Brazil, as well as the leaders of high income countries—is meeting in Washington this weekend. Zoellick would like global leaders to work together to help the worlds 78 poorest countries, 39 of which are in Africa.

Two slow cars going at it!

Alors que le G20 réunissait les grands pays à Washington, pour trouver une solution à la crise économique mondiale, une poignée de militants tentaient de manifester dans la principauté de Monaco, paradis fiscal aux portes de la ...

Behind the scenes of the G20 summit they were talking about the future international financial regulations of the free market and even about international central bank, says the U.S. congressman Ron Paul who ran for president in 2008.

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新闻周刊(140)：陈水扁被关押引起媒体关注
http://ntdtv.com/xtr/gb/2008/11/18/a223199.html#video

焦点话题：陈水扁被关押引起媒体关注
焦点话题：股东年会 新唐人又成议题 民众吁欧卫恢复新唐人播出信号

本周大事件：
G20峰会前夕 布什白宫宴请各国代表
全球瞩目的20国集团金融高峰会议，周末在美国首府华盛顿DC举行。美国总统布什星期五晚间在白宫为与会领导人举行晚宴。随后的闭门会议在星期六登场，各国领导人将在这次峰会上商讨应对全球性经济危机的共同策略。

en la cumbre del grupo de los 20, George W. Bush fue el mas impopular y ademas fue ignorado por la mayoria.
Ya tiene reservado un lugar en el basurero de la historia, no necesita hacer antesala.

CNN's Rick Sanchez Reports on Bush being ignored at G20 Summit - Funny, and deserved.

The British Prime Minister, Mr.Gordon Brown, has been explaining the need for a global framework for financial services as part of the plan to help combat the present world economic crises.

- Se anuncian reformas en los mercados financieros para mejorar su transparencia y promomer una mayor integridad en el sistema.
- El presidente de EE.UU., George W. Bush, afirmó hoy que se han logrado avances en la cumbre del G20 para solucionar la crisis financiera, pero superarla requerirá aún un tiempo.

Washington / Redacción Central, 15 noviembre (CERES TELEVISIÓN / AGENCIAS).-

Los mandatarios del G-20, más España y Holanda, se comprometieron hoy a llevar a cabo una reforma de los mercados financieros que descanse sobre los principios de una mayor transparencia y regulación, y que promueva una mayor integridad en el sistema.

En la declaración final adoptada tras la cumbre en Washington, los líderes del G-20 se comprometen a trabajar juntos para restaurar el crecimiento mundial y conseguir las reformas que necesita el sistema financiero, algo que debe estar delineado antes del 31 de marzo.

Por otra parte, el presidente de EEUU, George W. Bush, afirmó hoy que se han logrado avances en la cumbre del G20 para solucionar la crisis financiera, pero superarla requerirá aún un tiempo.

Los gobernantes que tomaron la palabra en la cumbre del G-20 que se celebra hoy a puerta cerrada en Washington han coincidido en la necesidad de restaurar la confianza de los mercados y coordinar las medidas reguladoras que tome cada país.

Según informaron fuentes de la delegación española presentes en la reunión, los primeros en intervenir fueron los representantes de Brasil, China, Indonesia, México, Francia y España.

Los jefes de Estado y de Gobierno destacaron la urgencia de que regrese la confianza de los mercados y de los propios ciudadanos en sus economías.

Todos ellos, menos Francia, destacaron que es necesario reformar los foros económicos actuales para incorporar a nuevos países, según las mismas fuentes.

© 2008 CERES TELEVISIÓN NOTICIAS
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President George W. Bush hosted the summit, where nearly two dozen foreign leaders endorsed broad goals to fend off any future calamities and to revive the global economy.
It will be up to finance ministers to flesh out the details to put such changes in place by the end of March. Leaders plan to hold the next summit by April 30 -- just months into Obama's term.
"I think this puts Obama and a new administration in a very difficult position," said Steven Schrage, a former Bush administration trade official now at the Center for Strategic and International Studies.
"It's really going to be up to the next administration to figure, do they breathe life into this? Does this go forward? Do they take it in a different direction?"
All the while, the new president will be under immense pressure to bring relief to millions of Americans who have watched jobs disappear, nest eggs shrink, home values plunge, foreclosures zoom upward and banks -- along with storied Wall Street firms -- laid low by the financial and economic crises.
"Make no mistake: This is the greatest economic challenge of our times," Obama said Saturday in the weekly Democratic radio address. "And while the road ahead will be long and the work will be hard, I know that we can steer ourselves out of this crisis."
The president-elect himself did not weigh in after the summit about whether he agreed with the thrust of the leaders' broad goals. But he indicated the global gathering was a good idea because "our global economic crisis requires a coordinated global response," he said Saturday.
Translating the leaders' sweeping principles into specific actions will be difficult. "That's the rub. That's where you really see the differences across countries in what you want to do," Goldstein said. "In the coming months, we'll see to what extent Obama's agenda will conflict with the Europeans."
Leaders pledged to make the global financial system more accountable to investors and less vulnerable to risky investing. But there are sure to be differences of opinion on exactly how to accomplish that, which could impede progress at the next summit in the spring.
To provide relief from the current woes, the leaders supported the benefits of enacting government spending plans to stimulate their economies. But they stopped short of a commitment for all to act at the same time, as some Europeans had favored.
The Bush administration has reacted coolly to the idea of a second U.S. stimulus plan.
For Wall Street, the leaders' talk about ways to provide relief probably will be of more importance than efforts to prevent another financial fiasco, experts said. Even without new concrete commitments for government spending, tax cuts or interest rate reductions, the fact that leaders came together to address the crisis and did not let it become a blame game should help bolster some confidence on Wall Street, according to Goldstein, Yamarone and others.
Commerce Secretary Carlos Gutierrez, appearing on CNN's "Late Edition" on Sunday, warned against the making any new financial rules of the road too restrictive.
"There is an inclination, when you get into problems like this to go to an extreme, to over regulate, to think that we're going to have a worldwide compensation system. How is that going to be done? I think we have to be careful, we have to find a balance and we can't over regulate so that five years from now we're trying to claw our way back because we overdid it," he said.

http://finance.yahoo.com/news/World-leaders-at-economic-apf-13587183.html
http://www.youtube.com/watch?v=wZZHviv39Nw&feature=related

http://www.instablogs.com/
G20 battles to stem global economic crisis

The G20 meet is of prime importance for Indian Prime Minister Manmohan Singh to send back home the right message at a time when he has his own political game to play especially with the upcoming elections early next year. Each economy wants an answer to take back home to its own nations to say yes we are working to prevent job losses that will prevent dip in exports and keep the economy back on tracks. As the stock markets swivel wildly on growing economic fears, hopes are high that the summit would result in size and shape of the bailout for the struggling economies. India must ensure that the US does not become in any way protectionist during a slowdown, especially so after the export numbers in India slumped by 15 per cent for the first time in several months. More over, India should pitch for IMF and the World Bank support even though it is not in the 'eye of the storm.' We remain hopeful that the G20 leaders would agree on coordinated economic stimulus package to help prevent world plunging into recession.

Pentagon scale back in defence budgets

A senior Pentagon advisory group, in a series of bluntly worded briefings, is warning President-elect Barack Obama that the Defense Department's current budget is "not sustainable," and he must scale back or eliminate some of the military's most prized weapons programs.Pentagon insiders and defense budget specialists say the Pentagon has been on a largely unchecked spending spree since 2001 that will prove politically difficult to curtail but nevertheless must be reined in.

Jordan amends law to ban public smoking

After the law was amended to prevent smoking in all the public and private institutions the Jordanian minister of health minister Dr. Salah Mawajdeh had a meting with last Wednesday with owners of shopping malls in Jordan to finally take the step and ban smoking inside malls as part of the new smoking ban campaign. The meeting requested the mall owners to designate special smoking areas in their establishments in order to protect the non smoking public from becoming passive smokers. Dr. Mawajdeh added that fines would soon be imposed on anyone who breaks the new law. If taken seriously the smoking ban may work in most of public places which will definitely have a hard time succeeding gin restaurants and cafes Argeelah is an essential part of menu in these places.


Thriving at the cost of ailing public

Raising the price of mosquito repellants is yet another instance of commercial interest thriving at the cost of the population's health. Instead of producing the prices for helping the people coping with the epidemic of dengue fever companies are taking advantage of the threat and making money in a deplorable way. It is important that the government of Pakistan takes special notice of the situation and strict measures against commercial manufacturers who have increased the price of the mosquito repellants products without proper justification.
http://www.instablogs.com/

11/15/2008 Ron Paul, the only one telling YOU the truth... Lost in all the Obama furor, the world's leading economic powers — the so-called G-20 nations — are quietly laying plans for a November 15th summit in Washington, D.C., that may effect a revolution in world finance and global governance, a revolution with potentially much greater long-term impact on America than anything on President-elect Obama's agenda.

According to an AP report, "EU leaders are set to call on the Nov. 15 summit to agree immediately on five principles: submit ratings agencies to more surveillance; align accounting standards; close loopholes; set banking codes of conduct to reduce excessive risk-taking; and ask the International Monetary Fund to suggest ways of calming the turmoil."

Even discounting the deliberate vagueness of the phrase "closing loopholes," such an agenda obviously contemplates a significant increase in the level of international regulation, presumably to be implemented and enforced by an international regulatory body or bodies. The International Monetary Fund (IMF), created at the Bretton Woods economic summit near the end of World War II, is being touted as the obvious candidate for a global financial regulatory organization. Historically, the IMF's mandate has been far more limited than many of its creators, including British economist John Maynard Keynes (one of the organizers of the Bretton Woods conference), originally envisioned. Keynes and the rest of the British and American delegations to Bretton Woods wanted the agreement to create a global reserve currency (which Keynes wanted to call the bancor), but ended up establishing the dollar as the world's fallback currency instead. They also created the SDR (Special Drawing Right), a quasi-currency in which all acounts at the IMF were and are reckoned.

Now, it appears, the IMF is being primed for a much larger role, to be remade into a bona fide instrument of global governance — just as the original General Agreement on Tariffs and Trade (GATT), also created at Bretton Woods, was later transformed into the World Trade Organization (WTO). The latter is a de facto global trade ministry with supranational authority, and it has already wielded over the United States and many other nations.

The IMF, in other words, is apparently being prepared to become for global finance what the WTO has become for international trade. At a recent planning session for the upcoming summit, "[EU leaders] discussed making the International Monetary Fund the world's financial watchdog, suggesting it be given more power to curb financial crises and give more money to aid countries in trouble," the AP reported.

EU leaders like France's President Nicholas Sarkozy and Britain's Prime Minister Gordon Brown have seized the initiative in setting the agenda for the November 15 summit, which some are informally referring to as "Bretton Woods II." The EU will be calling for an agreement to overhaul the global financial system within 100 days, with a second international summit to be held in March.

Additional proposals that may be implied by the aformentioned five agenda items might include: creating a world central bank; creating an international reserve currency to replace the ailing U.S. dollar; and levying fees or taxes on international financial transactions. Any of these would be potentially devastating blows to American sovereignty, and would immeasurably strengthen the UN-centered embryonic world government.

A global central bank with the power to create a truly international currency would give the international system the same power globally that the Federal Reserve enjoys domestically — the power to create money at will. In other words, the UN system would acquire at a stroke the power to fund itself by printing money, emancipating it from reliance on the contributions of member states. An international tax or fee assessed on financial activity would be the realization of another long-cherished but still-unfulfilled dream of globalists: a truly global tax.

Make no mistake about it: the upcoming series of global summits will be about creating and empowering new organs of world government. It will be about curtailing international economic and financial freedom, not enhancing it.

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CA SE DISPUTE Tous les samedis à 11H36, 16h36 et 20h36. Tout ce que vous voulez savoir sur la politique sans jamais avoir osé le demand...

Manifestation de Collectifs Anti-Capitalistes,De Place de l'opéra,à Bourse. Dans le même temps se tient la réunion du G20,(les 20 plus grande puissances de la planèt...

A hastily assembled crisis summit in DC was the largest gathering of world leaders in almost a decade, everyone in attendance had one goal: stop to the global economic crisis. Kimberly Dozier reports.

http://www.rue89.com

G20 Planning For Single Global Currency

Well folks, It is official. We need to plan for a One World Currency to come about through "Education and Persuasion” by 2024.

The U.N. General Assembly began a special two-day session Wednesday, focused on the importance of promoting interfaith dialogue in order to strengthen world peace and stability.

This and more on Prophezine’s This Week in Bible Prophecy

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11/14/2008 Lost in all the Obama furor, the world's leading economic powers — the so-called G-20 nations — are quietly laying plans for a November 15th summit in Washington, D.C., that may effect a revolution in world finance and global governance, a revolution with potentially much greater long-term impact on America than anything on President-elect Obama's agenda.

According to an AP report, "EU leaders are set to call on the Nov. 15 summit to agree immediately on five principles: submit ratings agencies to more surveillance; align accounting standards; close loopholes; set banking codes of conduct to reduce excessive risk-taking; and ask the International Monetary Fund to suggest ways of calming the turmoil."

Even discounting the deliberate vagueness of the phrase "closing loopholes," such an agenda obviously contemplates a significant increase in the level of international regulation, presumably to be implemented and enforced by an international regulatory body or bodies. The International Monetary Fund (IMF), created at the Bretton Woods economic summit near the end of World War II, is being touted as the obvious candidate for a global financial regulatory organization. Historically, the IMF's mandate has been far more limited than many of its creators, including British economist John Maynard Keynes (one of the organizers of the Bretton Woods conference), originally envisioned. Keynes and the rest of the British and American delegations to Bretton Woods wanted the agreement to create a global reserve currency (which Keynes wanted to call the bancor), but ended up establishing the dollar as the world's fallback currency instead. They also created the SDR (Special Drawing Right), a quasi-currency in which all acounts at the IMF were and are reckoned.

Now, it appears, the IMF is being primed for a much larger role, to be remade into a bona fide instrument of global governance — just as the original General Agreement on Tariffs and Trade (GATT), also created at Bretton Woods, was later transformed into the World Trade Organization (WTO). The latter is a de facto global trade ministry with supranational authority, and it has already wielded over the United States and many other nations.

The IMF, in other words, is apparently being prepared to become for global finance what the WTO has become for international trade. At a recent planning session for the upcoming summit, "[EU leaders] discussed making the International Monetary Fund the world's financial watchdog, suggesting it be given more power to curb financial crises and give more money to aid countries in trouble," the AP reported.

EU leaders like France's President Nicholas Sarkozy and Britain's Prime Minister Gordon Brown have seized the initiative in setting the agenda for the November 15 summit, which some are informally referring to as "Bretton Woods II." The EU will be calling for an agreement to overhaul the global financial system within 100 days, with a second international summit to be held in March.

Additional proposals that may be implied by the aformentioned five agenda items might include: creating a world central bank; creating an international reserve currency to replace the ailing U.S. dollar; and levying fees or taxes on international financial transactions. Any of these would be potentially devastating blows to American sovereignty, and would immeasurably strengthen the UN-centered embryonic world government.

A global central bank with the power to create a truly international currency would give the international system the same power globally that the Federal Reserve enjoys domestically — the power to create money at will. In other words, the UN system would acquire at a stroke the power to fund itself by printing money, emancipating it from reliance on the contributions of member states. An international tax or fee assessed on financial activity would be the realization of another long-cherished but still-unfulfilled dream of globalists: a truly global tax.

Make no mistake about it: the upcoming series of global summits will be about creating and empowering new organs of world government. It will be about curtailing international economic and financial freedom, not enhancing it.

(November 13, 2008) With the financial crisis in full swing, the leading economic countries, the G7, are now turning to developing nations for support and guidance. President Bush is hosting the first in a series of meetings called the G20 that will include economic powerhouses like China, Russia and Brazil. But, these countries want more say in future economic decisions. With their huge reserves of foreign currency and fairly stable economies, a new world order could be on the horizon.

Pour Hubert Védrine, la réunion du G20 à Washington peut être le début d'un processus de régulation mondiale qui peut devenir historique. Hubert Védrine est interrogé par Luc de Barochez (lefigaro.fr), Pierre Hask...

Summit principles: "Transparency", "Sound Banking", "Responsability", "Integrity" (those were the BULLSHIT principles, big words with no meaning) and "GLOBAL GOVERNANCE"

!!! SEE response video: GLOBAL CURRENCY !!!
http://www.youtube.com/watch?v=hdMu_izIMK4

For the Prime Minister, Gordon Brown, it is a "new Bretton Woods", as important as the 1944 convention that established the modern financial world order. For Nicolas Sarkozy, President of France, it is a once-in-a-lifetime chance to remake the global financial architecture and usher in an era of "regulated capitalism". But beware the headlines that these leaders try to manufacture when they assemble for their credit crisis summit in Washington this weekend.


!!!
Iceland, Hungary, Poland, Ukraine, Romania, Turkey, Kenya and many many more faced very recent attacks on their currencies by FOREIGN SPECULATORS.
FROM : US, UK, Switzerland

Iceland was bankrupt:
http://news.bbc.co.uk/2/hi/business/7326063.stm
Currency crashed:
http://www.indybay.org/newsitems/2008/04/12/18492320.php

Romania's currency was under hard fire and the RON plunged, luckily the Central Romanian Bank had the means, presence of spirit to discover the speculators and stop them:
"It is for the first time that the governor of the National Bank of Romania speaks openly about a speculative attack on the currency market. He did not reveal who was behind the attacks but suspicion hovers around thee big international banks that do not have branches in Romania."
"The Financial Institutions that started the attack are amongst the ones that have received financial aid from the Occidental governments to be able to face the crisis."
http://www.standard.ro/articol_64320/isarescu_tries_to_calm_the_stormy_financial_market_waters.html

Rumors have surfaced about the foreign speculators: US investment funds JP Morgan-Chase, UK bank RBS, Unicredit.

Hungary, Ukraine currencies crashed and now are in debt (slaves) to the IMF:
http://fistfulofeuros.net/afoe/economics-and-demography/ukraine-and-hungary-to-receive-imf-loans-while-belarus-joins-the-line/
IMF said Turkey was likely to join the queue for bail-outs very soon.
Turkey's prime minister Recep Tayyip Erdogan said over the weekend that his country would not "darken its future by bowing to the wishes of the IMF"

Kenya schilling crashed:
http://allafrica.com/stories/200810281088.html


Romanian prime minister had a first reaction to the foreign financial terrorist attack:
I don't think is normal that foreign banks, saved (bailed-out) with public funds, engage in speculative operations to profit on the back of the Romanian tax payer."
"It is not moral what's happening. Of course Capitalism in essence is not moral ..."
"Romania should bring this to the attention of the European Union ..."

The Prime Minister spoke with the Prime minister in Hungary and Poland in order to establish a common position against speculators, and ensure such attacks can be rejected:
http://www.ziare.ro/1225712999-Romania_Polonia_si_Ungaria_se_aliaza_pentru_a-si_proteja_moneda_nationala_impotriva_speculatiilor

And in the Meantime IMF is starting more rumors about countries economies with the clear goal of destabilizing them. Using the crashed currencies and economies as excuse it has plans to "PRINT IT's OWN MONEY"
"The nuclear option is to print money by issuing Special Drawing Rights, in effect acting as if it were the WORLD's CENTRAL BANK":
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3269669/IMF-may-need-to-print-money-as-crisis-spreads.html

700 milliards aux Etats Unis, 360 milliards en France, les pays du G20 enterrent les dettes des banques...

Spear's 2.0 XE SBD race prepared Westfield Sports Car at Guadix Trackday 2008, never reached Top Fifth Gear, but enjoyed chasing down some of the worlds fastest cars, including: including: Caterham R500 superlight, Super 7's, Stig, EVO 8, Radical, Porsche 911 GT3, Ginetta G20, Lotus Elise, BMW M3 SMG, Nissan Skyline & Alfa GTA

When you receive the Seal you will see climate change as the coming End of the world. You will be interested in the latest s talks hoping to curb climate change, the meeting of the "G20" in the middle of March 2008.

The Infiniti I30 and I35 were mid-size luxury cars sold under Nissan's Infiniti marque in North American markets. The I was a rebadged Nissan Maxima. [edit] First generation The 1996 I30 used a 3...

This Video is going to be shown at the G20 concert in Melbourne on 17 nov 06. singers are bangladeshi new commers, Its a Bangladeshi Production also.

http://www.studiokallel.canalblog.com J’étais invité à cette soirée des blogeurs politiques merci Quitterie et Virginie merci à Versac aussi d’avoir organi...