G20 leaders seal $1.1tr global deal, page 1
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Topic started on 2-4-2009 @ 11:07 AM by 44soulslayer

G20 leaders seal $1.1tr global deal-


news.bbc.co.uk
Leaders of the world's largest economies have reached an agreement to tackle the global financial crisis with measures worth $1 trillion (£681bn).

To help countries with troubled economies, the International Monetary Fund (IMF) will get extra resources worth up to $750bn.

There will also be sanctions against secretive tax havens and tougher global financial regulation.

And the G20 has committed about $250bn to boost global trade.
(visit the link for the full news article)




[edit on 3-4-2009 by asala]


reply posted on 2-4-2009 @ 11:07 AM by 44soulslayer
Please read the full story on the BBC website (linked above).

There are several key issues to be brought into prominence.

1. The IMF has been seriously strengthened, and has the power to issue more loans than ever before.

The IMF will engage in lending:

$500bn for the IMF to lend to struggling economies
$250bn to boost world trade
$250bn for a new IMF "overdraft facility" countries can draw on
$100bn that international development banks can lend to poorest countries
$6bn increase in lending for the poorest countries.

2. The IMF's special basket currency, known as "Special Drawing Rights", will be used to denominate $250bn of overdraft rights for countries to borrow against. The use of the SDR as the prominent lending currency as opposed to the US dollar is a sign that the global economy is shifting towards the usage of a new global currency.

You can read about the SDR here:
en.wikipedia.org...

What does this mean for the world?

1. A more globalised economy
2. A more interconnected financial lending system, surrounding the IMF
3. A new global currency in the making
4. Massive amounts of new money via lending to central banks, then through subsidiary banks and commercial banks- with leverage used on every step. Most countries maintain a tier1 capital ratio of between 5-10%. This means that we are looking at a global stimulus of between 10 and 20 trillion USD. Expect inflation.
5. The rise in prominence of the G20- a group of the most powerful economies in the world

In my opinion, this will go down in history as the next generation of global finance. Bretton-Woods part two.

news.bbc.co.uk
(visit the link for the full news article)


reply posted on 2-4-2009 @ 11:18 AM by dariousg
reply to post by David9176


Hey, who got voted off last night?

hehe

Sorry, but I must agree that most people don't even have a friggin clue that this is taking place. It's a joke. It's completely disgusting and it's our future. And we have NO say in it because our elected representative is ALL FOR IT. YES WE CAN! We are F'd big time. Thanks B. O. I tried to tell people to give you a shot but it is plainly evident that you nor any of your predacessors have been in or are in charge. It's is the people with the money. Now they will control ALL OF THE MONEY.

What do you all think? 20 years? 30? When will this country be dissolved? It may even be within a decade. That is what I am seeing.

Sure, some will come in and say "you are overreacting. You have no idea how good this is for the United States..." blah blah blah. No, I don't think we are overreacting since many on this site including myself have believed and stated that this was in the making for as long as I can remember (on this site). It is simply coming to pass now and it is the 'debunkers' and 'nay sayers' that were wrong.


reply posted on 2-4-2009 @ 11:22 AM by Burginthorn
The latest news article here in Australia has quoted Gordon Brown today saying:

www.news.com.au...

Mr Brown said the International Monetary Fund and World Bank would undergo major reforms to reflect changes in the power structure of the world economy.

"A new world order," he said.

WOW!

I have watched this guy spout "A New World Order" more than any other politician in recent weeks.

So this is it? Can we say 100% for certain they've made their agenda known, and we will now see the formation of this New World Order?

Scary times indeed.

[edit on 2-4-2009 by Burginthorn]


reply posted on 2-4-2009 @ 11:26 AM by sadchild01
reply to post by dariousg


refer Peter Beter books on this issue , he told about the rockefeller plan to collapse the dollar and replace it with a global currency


reply posted on 2-4-2009 @ 11:29 AM by xoxo stacie
reply to post by 44soulslayer


Where exactly is the money going to come from? The bank of England already told brown to STOP spending because they had NO MORE MONEY. They even had a heck of a fight in the parlimant yesterday over it.
Why is it neccesary for the IMF to be getting all of htis money unless of course it is yet another pay off to someone.



reply posted on 2-4-2009 @ 11:29 AM by 44soulslayer
If you guys are interesting in gauging their motives, read their full declaration here. news.bbc.co.uk...

I'm goign through it and will highlight the things I think are especially relevant.

We face the greatest challenge to the world economy in modern times; a crisis which has deepened since we last met, which affects the lives of women, men, and children in every country, and which all countries must join together to resolve. A global crisis requires a global solution.


Translation : This is our excuse and scaremongering

We believe that the only sure foundation for sustainable globalisation and rising prosperity for all is an open world economy based on market principles, effective regulation, and strong global institutions.


Translation : We need bigger, more powerful global institutions such as the UN and the IMF. We need to remove the powers of individual countries to act in accordance with their own constitutions and laws, and instead transfer these powers to a globalist body.

We have today therefore pledged to do whatever is necessary...


Translation self evident

We are undertaking an unprecedented and concerted fiscal expansion, which will save or create millions of jobs which would otherwise have been destroyed, and that will, by the end of next year, amount to $5 trillion, raise output by 4 per cent, and accelerate the transition to a green economy.


Translation : We are utilizing created money to direct the flow of labour as we see fit, from a globalist, centralist position.

We commit today to taking whatever action is necessary to secure that outcome, and we call on the IMF to assess regularly the actions taken and the global actions required


This one was the most chilling. A repeated promise to do whatever is necessary, and that the IMF are the big boys who will have the final say on what is to be done.

We will support, now and in the future, to candid, even-handed, and independent IMF surveillance of our economies and financial sectors, of the impact of our policies on others, and of risks facing the global economy.


More power to the IMF

to take action against non-cooperative jurisdictions, including tax havens. We stand ready to deploy sanctions to protect our public finances and financial systems. The era of banking secrecy is over.


Translation : If you refuse and evade tax, we are coming after you. Switzerland, Dubai, Cayman Islands, Jersey, The Isle of Man, BVI etc... you're all going to submit to us or we will crush you economically.

We have committed ourselves to work together with urgency and determination to translate these words into action.



reply posted on 2-4-2009 @ 11:47 AM by Chadwickus
Ahh the next fear mongering fad is upon us!

The last one was the FEMA camps that Glenn Beck brought up, remember all that doom and gloom then?

For a refresher:

www.abovetopsecret.com...

www.abovetopsecret.com...


Now we got new doom and gloom! YAY!

I will predict that this will die down in a few weeks and you all can move onto something else to get all scared about.

PS. Don't tell me that American FEMA camps are related to this either, if that were the case there would be the exact same camps in every country that is a member of this new global economy.

/rant


reply posted on 2-4-2009 @ 11:56 AM by 44soulslayer
This is not fear mongering, nor a conspiracy story.

The facts are right there in front of you.

A new global economy is emerging, along with the SDR taking the first steps towards becoming the new global currency.

If we put aside any NWO theories, there are still significant issues to be dealt with if we consider just the facts!

reply to post by ModernAcademia


Surely you didnt think it would be that overt did you...

From the BBC article:

An overdraft facility will also be increased to $250bn (in the IMF's currency, so-called Special Drawing Rights) that all members can call upon.


en.wikipedia.org...

Originally posted by Mike_A
Out of interest, what would those who disagree with the G20 suggest be done instead?


Good question.

I would have:

a. Finished the Doha round, thereby boosting global trade and removing barriers to trade.

b. Created a more prominent nation-by-nation carbon allowance based on population, along with a carbon trading scheme.

c. Created central agreements for tier one capital ratios at least in excess of 20%.

d. Explained to the markets that salvation cannot be achieved by leverage, and that redemption doesn't come by spending your way out of a crisis. I would explain that pain is going to hit, and that people are going to be in trouble for the next decade. I would also explain that there is no easy way out of this, and that the only economic solution would be a world war- and do we really want that?

[edit on 2-4-2009 by 44soulslayer]


reply posted on 2-4-2009 @ 11:57 AM by jibeho
This whole time I thought everyone was referring to this.

1993 G20




I must admit that I didn't think much of the NWO theories about a year ago. I never thought that I would see it develop before my very eyes. We are in trouble and we have a president who severely lacks the stones to defend this nation. Barry just wants everyone to like him. He talks the big talk and carries a very small stick (toothpick). Probably his nickname in the locker room.
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