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Originally posted by 27jd
Holy crap, he actually came out and said it, lol...
British Prime Minister Gordon Brown heralded the emergence of a "new world order" Thursday as the G-20 issued details of an "unprecedented" package of measures to tackle the global economic crisis.
www.cnn.com...
You'd think they would be careful not to use that term, unless they lurk here on ATS and enjoy laughing at everybody freaking out. More and more like Star Wars everyday...
London, 2 Apr. - From the G20 in London, a "new world order" is emerging. So announced the British Prime Minister, Gordon Brown, to a press conference. "First of all, for the first time, we have together fixed the principles for a reform of the global banking system," Brown said, "This is a vast programme of measures which for the first time brings the shadow banking system, including hedge funds, within the network of global reglulation. We have agreed on the need to set international accountancy standards, we shall set rules for the rating agencies to eliminate conflicts of interest; we have arrived at an agreement to put an end to tax havens which do not supply information upon request. This is the beginning of the end for tax havens".
Originally posted by wonderworld
reply to post by Techsnow
No not exactly socialist but headed there by nationalizing all the banks, GM, AIG, Freddy and Fannie, etc. we are headed there in a hurry.
You can say Capitalists are the problem. It is not.
Our leaders, especially Paulson and banking CEO’s made very poor choices. This is what caused our Capitalist system to fail.
We were all taught to spend, spend, spend. Only the wise ones saved. If government kept their noses out of it and let the bad companies fail.
History has proven a bounce back when the smart money returns to pick up the pieces.
You are right I don’t own my business, however I do not want to be owned, controlled or regulated by a bunch of G20 idiots.
Originally posted by LactoseIntolerant
Originally posted by wonderworld
reply to post by LactoseIntolerant
This created Trillion is simply invisable ""credits"" all done electronically to transfer credits from one bank to the other, slap them on a coded debit card and problem solved.
[edit on 2-4-2009 by wonderworld]
So it IS out of thin air? I'm guessing rich countries are exempt from a credit rating (especially our's since we have, what, TRILLIONS of dollars in debt already?). #, I wish I could have the luxury. Invisible credit? Sounds made-up to me.
I say, keep your minds open. I think the tremendous significance of the "G8" transforming into the "G20" almost overnight was lost on a lot of people. Those extra 12 countries finally having an actual say in world affairs can only be a good thing IMHO!