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MONTREAL — Today marked the first day of the four-day Conference of Montreal, this year entitled “Adapting to a New World Order.” Present at the conference is a who’s who of international finance and politics, including the heads of the World Bank and the IMF, Presidents, Prime Ministers, and a large assortment of other Bilderberg and NWO elitists.
Presiding over the whole affair is none other than Paul Desmarais Jr., a member of Montreal’s leading Bilderberg family. This is the fifteenth anniversary of the Conference of Montreal. The conference is taking place at the Bonaventure
Stimulus packages in Canada and the United States are already big enough, and governments should now focus on how to control their deficits and getting credit flowing normally, says the head of the World Bank.
The huge rescue programs that are now in place in many countries were necessary to prevent an economic catastrophe, he said. But now the focus needs to change in order prevent fiscal problems from building up in the future.
"It's like a sugar high. It gives you a boost but it doesn't sustain itself on its own," he warned.
The OECD released its composite leading indicators for April on Monday, and the data for Canada suggests the country's economy has reached a turning point.
The worst of the financial crisis that has been ongoing for more than a year and a half appears to be over, yet governments around the world have to continue their collaboration and avoid protectionism in order to lead the global economy to return to growth.
In a statement released before the speech, Zoellick warned that while there are signs of global recovery there remain dangerous risks that could reverse progress, including the threat of protectionism.
"Right now, there is a low-grade fever; it isn't full influenza, but we need to keep a close watch because as unemployment numbers go up, politicians are under stress and some of them may turn to protectionism," he said.
"After the crisis the world will not look like it was before," Strauss-Kahn said. In addition to the curbed fiscal situation, "a new balance of power among nations will take place."
"The next world will not the same."
The youth are ferocious anarchists in Quebec, and the underworld known for kidnappings...Not a good place for this type of meeting