Concise Analysis of What Went Down at G20 Summit

[Orwellian_Ghost]

The rich will continue to get richer, while ever more destitute people will find themselves living in squalor.

Just a hunch.

[leftstreet]

1. Astute and reasoned analysis

:thumbsup:

[depakid]

2. Never let facts get in the way of a good knee jerk response

[cherokeeprogressive]

7. Just what facts were excluded here?

[depakid]

9. ....

UN chief hails G20 leaders` pledge to help poorer countries

http://www.antara.co.id/en/arc/2009/4/3/un-chief-hails-g20-leaders-pledge-to-help-poorer-countries/

[Javaman]

22. hmmm, don't they say that every year? nt

[No.23]

3. Favela in Rio?

Looks like one to this former Carioca.

[Oregone]

4. I was going to say "Nothing"

Do you think nations controlled by bankers are going to let a bunch of law student electionnauts posing for photo-ops independently agree to policy on their behalf?

You are a fool if you think they did just about anything but smile for pictures.

[Merlot]

6. It did look like one big photo op with everyone playing nicely

I mean, between all those pictures, somehow they had time to meet and solve all the worlds problems, right?

[Oregone]

8. haha...a few minutes here and there...

I would feel a lot more comfortable knowing their economic teams (of real economists and experts) have been in conference calls for months, debating, negotiating, and taking care of this (as well as coming up with real solid agreements).

I guess some people like nice smiles from big names.

One more minute of the Queen bullshit, and I think Im going to lose it.

[cherokeeprogressive]

10. Oh, much more than that happened. The Queen of England dropped her longstanding practice

of not being touched by "commoners" unless she initiates the contact. I watched the footage, and not only did she intitiate the contact, she pulled Michelle closer to her hip, as if she were an Aunt greeting a Niece AND, the cameras COMPLETELY missed the Queen kissing Michelle on her ring finger.

Michelle Obama has suddenly become the Queen's "BFF". After all, it's reported that the Queen BEGGED Michelle to "keep in touch" (and in a little reported exchange, Michelle answered "I'll call you in the morning").

The world has changed within the last two days my friends, in ways that can never be measured. It's rumored that the Queen will soon be attending a slumber party with Michelle and the girls, and that they plan to bob for apples, do each other's toenails (I understand the Queen likes black toenail polish and a good pumice scrub), and enjoy a private concert by the Jonas Brothers.

Anyone who thinks that the world's problems WEREN'T solved in the last two days is blind to the fact that we are now governed by the greatest president that has ever lived. Shirley you understand that this is what the world has been waiting for. I would caution those enthusiastic fans though; It takes ten times longer to clean up a mess than it does to make it (I forget where I heard that, but assume it to be true). Since the world was in perfect shape on 1/20/2001, that means President Obama is going to need to be in power for eighty years for things to turn around. So give him some time, will ya? I'm told that the process has already begun that will amend the Constitution to repeal the Twenty-Second Amendment to allow for that to happen. Be patient.

We have a HUGE supply of DVD's and iPods to make things better. We just need to give it time and give them to the right people...

In the meantime, hundreds of thousands more will lose their jobs, their homes, and their good credit standing. No matter, we're giving the banks BILLIONS to help those who need it most: the CEO's. In an added bonus, the United States Government is instituting a policy where blame CAN be placed on those who screwed the world, and we're ready to punish them to the full extent of the law. It starts with the CEO of GM (soon to be renamed Government Motors) who was handed his walking papers (along with his twenty million dollar golden parachute) for allowing us to sink to third world status by his bad decisions.

So, in totality, lots of good came from our sending more than 500 people to London. Rest assured that they all ate balogna sandwiches in their rooms at London's Motel 6 after attending exhausting 18 hour meetings intended to make the world a better place. We just have to give it time, and understand that President Obama is smarter than all of us, and that if he wants tax cheats to lead us out of the wilderness, the first thing they need is to be transported to Europe free of charge. He has his reasons for doing so and who are we to question his judgment?

Smile for pictures? Is that all you think they did? Bwhahahahahahahahaha how stupid can you be?

[PuraVidaDreamin]

11. good stuff!

Thanks!

[cliffordu]

12. Excellent!

:rofl:

[blindpig]

14. Forgot the 'sarcasm' tag. n/t

[TBF]

15. Funny! n/t

:thumbsup:

and K&R for the OP

[Orwellian_Ghost]

20. There's the story

[Norrin Radd]

5. kr

[pnorman]

13. Question: In what city was that photo taken?

n/t

pnorman

[TBF]

16. I believe that one was taken in Dubai - I've seen it elsewhere. n/t

[Orwellian_Ghost]

19. Sao Paolo n/t

[cherokeeprogressive]

23. I thought it was either Havana or Caracas. I've seen that picture before and don't remember where.

n/t

[Echo In Light]

17. A picture is worth a thousand words

[malaise]

18. Bingo

:hi:

[Soylent Brice]

21. your intuition appears to be pretty accurate.

[anaxarchos]

24. The headlines said "$1 trillion for poor countries".

Nope.

$1.1 Trillion for "everybody". World financial markets shot up.

"The G-20 leaders also said that developing nations — hard-hit and long complaining of marginalization — would get a greater say in world economic affairs. They said they would renounce protectionism and pledged $250 billion in trade finance over the next two years — a key measure to help struggling developing countries."

http://news.yahoo.com/s/ap/20090402/ap_on_re_eu/g20_summit

Well, this part is kinda true. Three quarters of the poorest countries are nowhere near self-sufficient anymore. Need that foreign exchange to live. Lend 'em the money so they can give it back. Maybe they got real estate, too.

The World Bank itself said the poorer countries would need $2 to $3 Trillion over 3 years and warned of 90 million dead. Gordie Brown came up with a tenth that, in the form of debt to him, and congratulated himself:

"We have maintained our commitment to help the world's poorest."

Yep. That's the same commitment, alright.

[Orwellian_Ghost]

25. The market's response

should clue anyone in on the scam.

The market would've collapsed if the world's poor were to be the beneficiaries. Then again are there still folks who believe that these errand boys for global capital are in the business of helping poor folks?

[anaxarchos]

26. One step forward, five steps back...

There are nearly 100 countries (most of them very poor) whose entire foreign reserves are smaller than a single year's trade deficit... and this was before the current economic crisis which has destroyed exports from "emerging markets". They are all "wards of the (world) state" now, technically unable to import what they need after having destroyed local production under the gun of "globalization". Neither is their deficit due to the import of big screen TVs. It is food, medicines, fuel, shoes, seed... the basics.

The stories in the press in the coming years will be "war", "genocide", "famine", "drought"... but the underlying story will be much more mundane: it's just business.

In many ways, it is the same story that depopulated so much of Europe 150 years ago, only to create a much smaller population, "out of thin air", in America.

It is just "business".

[mix]

27. the newest new world order

looks a bit like the old one

[anaxarchos]

28. Just like the old one...

The only thing missing is some colorful old robber baron vampire personalities. Perhaps they could dig up the body of old John D. Let him give a shiny new dime to each of the current citizens of the world. Hmmm... 6.5 billion times $.10... $650 million... cheap. To update the thing, maybe they could call it a "micro-loan".