HIGHLIGHTS - G20, IMF/World Bank meetings in Washington

HIGHLIGHTS - G20, IMF/World Bank meetings in Washington

www.reuters.com

(Reuters) - The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20 and the semiannual meetings of the International Monetary Fund and World Bank...

BRITISH FINANCE MINISTER GEORGE OSBORNE:

ON THE NEED FOR TIMELY ACTION:

"It's clear that the euro zone not just needs to implement the existing decisions but there needs to be a clear commitment that central banks provide liquidity, that there is enough capital for the banks, wherever that capital comes from, and the EFSF and the ECB need to provide the co

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Add the G20 meeting to the confluence of events happening this week. Many analysts see the inevitability of Greek default as the global equivalent of the Lehman Bros collapse in '08.

Is the global financial system gearing up for a fall? My bat senses are definitely getting tingly! Keep your seats and tray tables in the upright position!

www.reuters.com
(visit the link for the full news article)

(Thanks to JordanRiver for the news and link)

Who issues the currency? Is it the central banks or governments? My question is as generic as it gets!

The prime rate is the annual interest rate that central banks charge for each new unit of currency put into circulation. If governments charged that rate to the private commercial banks because they issued the currency, then obviously the governments would be a lot wealthier and as a direct result there would be less need for taxation.

He who issues the currency is the real leader of a nation or a union of nations. The theme of the conspiracy plot is that the central bankers are charging interest without risking anything. There is no collateral on their part other than goodwill.

All this supposedly to prevent inflation but in effect some people are getting awfully wealthy without lifting a finger. This also means money is being put out of public circulation in the form of debt repayment to the bond holders, many of which have a stake in commercial and central banks.

Its like playing poker in a casino and regardless of who wins or losses the dealer gets a 5%-10% cut...so the dealer wins with each hand dealt. Similarly each time a unit of currency is produced by the central banks, the people who have a stake in the central banks(many large commercial bank shareholders) always get the prime rate cut in their offshore account.

Its a simple yet elegant conspiracy. If we were not totally brainwashed by mainstream media and public school disinformation we might have picked up on it by now. Still this information is widely available on the internet for those that wish to learn how the world truely operates.

I am pretty sure most high level politicians already know this and they also know that spending more than what they have plus the money they need to pay back the debt, is a bad idea. Its so bad in fact that it will eventually cause a nation to default on its "obligations" and will "force" the central bankers to abandon national currencies for a global currency.

Don't forget the dollar has recently been the world's reserve currency, so if it fails because it has an awful credit rating, who will want to loan more money to america? The taxpayers, many of whom are unemployed due to excessive automation and continous outsourcing of manufacturing and services, cannot afford to pay the taxes they used to pay. Thus the government would in theory need to borrow more in the form of treasury bonds but due to a low credit rating it would be deemed as an unsafe investment.

In a nutshell if the american economy collapses, then the EU due to greek financial problems, then japan due to the earthquake and nuclear fallout from the failed reactors, that means all the super-powers fail and the pillars of financial stability will be the pillars of failure. Perhaps china will be the next reserve currency? Probably not!

You tell me its all one great coincidence if your naive enough to believe that. I tell you its all been planed that way and that is why the "great nations" of imperialism continously get together along with the central bankers who pay those politicians to be incompetant, to continously advance their evil goals. Some people like alexander the great and napolean conquer by the sword while the surreptious ones conquer by planned chaos executed to the smallest details over a long period of time.

It amazes me how something as important as this, tends to fly under the radar, & not get nowhere near as much coverage, in relation to how important these meetings are.

Whilst more "important" news, that the whole world cares more for, seems to be about what the latest celebrity trends are.

I think the fall of the global financial system, as we know it, is inevitable...With so many countries in so much debt, it's not a case of if, but when...

I do NOT read such bad, lowly newspapers (rather, I tend to follow MSM closely), but I love the title, that The Sun newspaper (owned by a one, Rupert Murdoch) chooses to go with: George Osborne: You’ve got 6 weeks to save the world

reply to post by SmoKeyHaZe


Actually if you lived in europe, you would be hearing about the IMF and World Bank constantly. So often that watching pornos and playing video games becomes a necessity to avoid mental breakdown.

What they don't tell people however is why we need a private central bank to maintain stability and why we need investors to buy treasury bonds. More or less its "taken for granted" we need to be leached with taxes to pay interest on the growing debt. They like to call national healthcare "free" as though no one pays for the damm service, or social security as "too expensive for the government".

In other words we need to pay a lot more taxes and make big cuts to our national budgets in order to pay the bondholders, of which many/most are shareholders of big private commercial banks and covertly holders of the central bank itself.

Everytime I watch the damm news....We MUST do this AND THEN THIS because financial armaggedon is imminent! Its called blackmail and BLATANT LYING with half-truths......... Please I prefer celebrity news!!!!!!!!!!!!!!!!!!!!!!!!

If the mainstream media wants to be honest than I dare them to storm the next bilderberger and council of foreign relations meetings. Do they have the nerve? Of course not, they just parrot what the rothscilds and rockefellers tell them to parrot.

The only thing they came close to covering...with real value that is.....was the hacking of the global warming scam emails.....but they fudged that up to by downplaying the allegations.

Thanks for posting this. This is very important and I really do believe that this is another step towards NWO. A major step into one world bank that is. Although real important news will never be promoted as important on ATS.