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Originally posted by 44soulslayer
G20 leaders seal $1.1tr global deal- New world economy- New world currency
(visit the link for the full news article)
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.
The two last sebastians of democracy on this planet.
Lol, can't really argue against that can you? Should I have said, 'no one is denying they aren't trying to make it sound promising.'
I - is not denying that this doesn't sound promising,
The OCC’s Quarterly Report on Bank Trading and Derivatives Activities
for the Fourth Quarter 2008 is out. And derivatives exposure is way up. U.S. commercial banks now have a massive $200 trillion with a T in derivatives exposure, which is 14x U.S. GDP.
No one is denying that this doesn't sound promising,
Nanotubes are members of the fullerene structural family, which also includes the spherical buckyballs. The ends of a nanotube might be capped with a hemisphere of the buckyball structure. Their name is derived from their size, since the diameter of a nanotube is on the order of a few nanometers (approximately 1/50,000th of the width of a human hair), while they can be up to several millimeters in length
Most directly, they signal that there are deep changes, even if partial, in their countries or regions of origin. In my research, for instance, I have found a direct connection between IMF and World Bank restructuring programmes in poor countries with the growth of trafficking of women and children for the sex industry of rich countries. The World Bank's multiple incentives to develop tourism enclaves in less developed countries has been a key factor promoting the development of sex tourism as a sort of appendix to these large projects. This often includes a flow of trafficked women and children into tourism complexes, not only from other global south countries but also from intermediate economies such as Ukraine and Poland. In brief, it is far too simple to say that we have trafficking because we have traffickers. The IMF and the World Bank are also actors that have produced the growth of trafficking.
More indirectly, the presence of immigrations and refugees can also point to changes in the countries of destination - changes in labour demand, in the development of the sex industry, attempts in certain economic sectors to weaken labour unions, among other factors.