Friday, 3 April 2009
I break down some globalist MSM shilling
Daily Mail - Analysis: what the G20 said and what they really meant
To restore confidence, growth and jobs through a $5trillion fiscal package
When it comes to budget and summit rhetoric, Gordon Brown remains the master of hyperbole. In reality the $5trillion of tax cuts and public spending that will be pumped into the world economy is not quite the breakthrough it seems.
The problem is that none of it is new money. Nor did the central banks agree to any new easing of interest rates or printing more money yesterday.
So when it comes to additional fiscal and monetary expansion and rate cuts, the G20 was long on rhetoric and short on action.
However, the symbolism of 20 nations lending their support to radical national action should provide a psychological boost.
First of all, Brown is indeed the 'master of hyperbole'. Second, when has government intervention ever restored confidence in the free market? Intervention demonstrates that the state has no confidence in trading, so why should the individual? The New Deal was central to the prolonging of the Great Depression, as was the policy of the Federal Reserve. It's happening again, only worse and on a more international scale.
Also worth noting that the presumption made here is that "new money" would be great. Like all the new money that people got to push around in wheelbarrows in Weimar Germany?
It's noteworthy that the 'symbolic' impact of the G20 did actually have an effect on the stock markets. Even at the very moment when capitalism is being destroyed and world government is beginning...are people shallow enough to be swayed by posing bureaucrats talking about 'getting the economy going again'? For some reason, in spite of all the lies these people have peddled, it still works.
To repair the financial system
Leaders agree that if beleaguered banks are not restored to health there is little chance of turning the world economy around. So more measures
to remove ‘toxic assets’ from firms’ balance sheets are clearly needed.
But a reading of yesterday’s G20 communique reveals no concrete measures to repair banks’ finances.
The Europeans have still to own up to the fact their banks played as big a role in the credit explosion as their Anglo-Saxon counterparts.
The G20 has left the job of cleaning up banks to individual countries.
There are real concerns that the U.S. has failed to get to grips with the scale of the problems in American banking.
Here in Britain the insurance scheme for toxic debts does seem to be making a positive impact on confidence. But this was in hand before the summit.
So we're talking 'toxic assets'. Let me assure you that NO plan can ever afford to 'buy this bad debt from banks' or whatever the propaganda li(n)e is. The world's toxic assets (derivatives) total an estimated $1 QUADRILLION ($1000 trillion, or $10000000 billion, that's right a million billion). Higher estimates cite $1.4 Quadrillion, both figures are far beyond the worth of the entre planet. There is NO WAY IN HELL these assets can be bought from their owners, and now all this artificial wealth is collapsing...the derivatives bubble was at the core of the financial meltdown, not so much the housing bubble which regularly gets the blame.
To strengthen financial regulation to rebuild trust
Countries are pledging to do more to coordinate their regulatory systems, and tighten the oversight of feckless bankers and hedge fund managers who drove the world economy to the brink.
A financial stability board will be created to oversee the world financial system, and a crackdown on tax havens is planned. Much of this work has been in progress since last spring.
There remain doubts as to whether the G20’s bold words will translate into firm measures in national parliaments and are fully adopted by regulators.
If they are, it will mean a shift away from laissez-faire Anglo-Saxon capitalism to the more intrusive model of Continental Europe.
As usual, the bankers cause the crisis then turn their solution, the new regulatory system, against the innocent people and small businesses. 'A more intrusive model'. And you bet the elite will dodge the crackdown on financial havens. Anyway, once they get their world state there won't be a need for tax havens; they will be able to regulate everyone on the planet but themselves.
In a way this has already happened; what people who blame deregulation for the collapse don't understand is that the banksters haven't been doing trade which built up the derivatives bubble; they've clearly been doing fraud. One of those is an ethical fundamental of capitalism; the other is already a crime and should lead to prosecution in an ideal world. More regulation, unless you specifically 'regulate' (ie enforce the law) with the bankers, will not solve anything.
To fund and reform international financial institutions
For a decade as chairman of the IMF’s main policymaking committee, Gordon Brown fought for reform and more funding to assist emerging markets and poor countries. He finally appears to have delivered this at the London summit.
An additional $850billion will be injected into lenders such as the International Monetary Fund in the hope of preventing further meltdowns in developing markets such as Ukraine and smaller advanced economies such as Iceland.
There will also be a shake-up of the IMF to ensure countries such as China get more of a say.
They also decided to expand the use of special drawing rights, the IMF’s ‘currency’. This, in effect, gives the Washington-based fund the right to print money.
But the trouble with these IMF and World Bank reforms is that many have to be ratified by national parliaments.
In the case of the U.S., winning the approval of Congress – with its historic aversion to international institutions – can be an uphill task.
That's right, let's get more poor countries into debt. I wonder how high the compound interest is on those IMF loans...
Looks like we already have a global fiat derivative 'supercurrency', IMF special drawing rights. That webpage claims it's not a currency. What crap, you trade it don't you? Well then...
Also, you've got to love the contempt shown for those damn national parliaments, who might just vote down some of these globalist 'reforms'. Obviously the best way is for globalists to decide above and beyond these obstacles, after all if everything goes to plan that's what they'll be doing in a few years anyway.
Promote global trade and reject protectionism
This is the mantra of every international financial meeting.
In the past few months it has become more urgent as trade barriers go up and many countries pursue more nationalist economic agendas.
Ministers have been deeply alarmed by the collapse in world trade – down by 14 per cent from its peak.
So the G20 is putting forward $250billion to finance global exports and imports and has pledged to avoid protectionism.
But bold words rarely translate into concrete action and many countries, including the U.S., are pursuing ‘Buy America’ style policies.
This beggar-thyneighbourism was disastrous in the 1930s and it is not clear that the G20 has done enough to prevent it happening again.
Personally I favour free trade over protectionism, most but not all of the time. Given the scenario in which we find ourselves, I wouldn't blame any nation for choosing to look after their own. But the imperative here is that individual nations can choose for themselves. You know, that revolutionary idea called self-determination. Not UN or EU determination. Screw them.
What shouldn't happen, and I can't believe I'm standing up for the French here, is nations getting bullied into rejecting 'protectionist' policies; especially when in this case all the French were asking (in return for a bailout may I say) was for the car company in question to guarantee the safety of French jobs in that company.
Build an inclusive, green and sustainable recovery
Leaders are promising to ensure that public spending projectsare focused on green investment and are offering $50billion of help to poor states.
Mr Brown is committed to helping Africa and the poorest countries and Britain is now the world’s biggest donor of international aid to alleviate poverty.
Inclusive, green, sustainable. That means nobody can escape; green fascism will force us into neo-Feudalism; and the population will be reduced to such a level as is considered 'sustainable'. See? The globalists have their own language, all I'm doing is providing a translation service.
All of the above pledges were filled with disinfo. Now the real pledge is hereby to restore liberty and destroy the new world order.
(Can you tell which of the pledges wasn't included in the source article?)
What truth does all this disinfo conceal? Well, anyone who still thinks the G20, or government in general, will save them, the only answer to that is no. Stand up, or bend over; the choice is yours.
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And You Tell Me There's No Suppressed Technology?
It's another of those 'conspiracy theories' that good citizens don't notice. Imagine the standard of living if all the secret technology was released to the public...we'd be "free and independent" as JFK said! No more poverty anywhere! Can you imagine being sick enough to withhold such technology from society just to maintain your position of control? (Bearing in mind that we don't know just how much technological capability is being withheld, because, duh, it's secret.) What did Nikola Tesla really develop?
Individual Liberty? But that's "selfish"!
No, we need to look after each other voluntarily without having a government do all that at gunpoint. Sounds absurd at first but soon you realise that the reason it sounds so is because of the very unfree nature of our current existence. Envision greater possibilities! Ok, some kind of massive wake-up would be needed before this kind of free, responsible, uncontrollable society could emerge. And that's what we are seeing day by day in the world - a massive waking up of the previously enslaved masses (including myself I must add!)