G-7 Takes ‘Back Seat’ to G20!

G-7 Takes ‘Back Seat’ as Crisis Pushes G-20

www.bloomberg.com...

The Group of Seven, whose finance chiefs convene this weekend in Rome, is ceding its traditional power to rebuild the world economy to a broader body of governments that now wield greater sway over global growth.

“The world has changed,” said Paul Martin, Canada’s former prime and finance minister who attended G-7 meetings and helped establish the G-20 a decade ago. “The G-20 reflects the realities of the global economy. Its finance ministers are becoming the dominant policy-making body.”

The Group of Seven, whose finance chiefs convene this weekend in Rome, is ceding its traditional power to rebuild the world economy to a broader body of governments that now wield greater sway over global growth.

Source

If this isn't a conspiritorial sounding group, in a conspiritorial sounding situation, executing a conspiracy, I don't know what is/what/does.

Conspiracy...what conspiracy? Oh you mean that conspiracy!
Another sippet from the article!

The emergent power of the G-20 “is a recognition of new realities,” said Nobel laureate Joseph Stiglitz, a former economic adviser to President Bill Clinton. “It’s effectively recognition by the G-7 that they don’t have the money. The money is in Asia, the Middle East.”

reply to post by burntheships


The evidence suggests the 'emergent power of the G20' is more a long-planned, long awaited scheme to take the NWO a step nearer its goal of global domination.

Here's some hard evidence: G20 2008 Plans

Funny how a global economic collapse just happens to coincide with G20 plans for a new global economic order. Just bear in mind that when they start promoting a global currency as the 'solution' it just happens to form the ideal platform for a single world government (-though they might go for regional single currencies first).

It is then only a matter of time before you can kiss goodbye to democracy, political accountability and the personal freedoms you (sometimes) currently enjoy...

Thanks for the link...

On the currency subject, I was pretty sure that the dollar would be forced into something. I have heard about the amero...but looking at Mexico's currency it is hard to see what we would gain. Canada the same thing. But who knows...
I have read many times that it is the NWO goal, just like with the Euro.

Look at how the Euro took in so many worthless currencies, and has still hung tight. Look at Iceland, an example to the whole world what happens to the resistance.

Still investigating.

pause4thought, like your sig!

reply to post by burntheships

...looking at Mexico's currency it is hard to see what we would gain. Canada the same thing.

All you would 'gain' is loss of control over your economy. And in relinquishing control over monetary policy to a supranational, non-elected entity your government would be ceding political power into the hands of... (you know who). If you think the Fed is a nightmare, just wait...

Economic growth being the biggest political objective, those who control the economy attain the greatest political power. ("It's the economy, stupid!")

Make no mistake. This is a POLITICAL conspiracy. A multinational currency wrests political control from those elected by the people and places it into the hands of elite bureaucrats. In the EU it is now the eurocrats who determine monetary policy, once the preserve of national (elected) ministers of finance.

Initially the European project was presented to the populace as having purely economic objectives: it was the formation of a free trade area. (Check out the history.) Sounded great, and people voted for it. Now all national laws (not just those relating to the economy) have to comply with European law! National political sovereignty has been sacrificed on the altar of economic unity, and economic unity was nothing but a ruse to erode national government.

The case for supra-national central banks is couched in terms of 'economic necessity'. After all, this is 'the global age', and we operate in a 'global economy'. All they then do is tell you they will be 'accountable' to the politicians. Check out how the emerging European Central bank used this language:

...central banks should be given the freedom to formulate and execute monetary policy in line with their primary objective as determined by the legislator, to whom they are accountable. [Note: it says 'legislator', not even national governments, never mind 'the people'!]. Accountability may involve either a legal obligation for the central bank to give reckoning for the conduct of monetary policy or a commitment to explain its actions, for example, in regular reports and to parliament [i.e. the European Parliament!]. This allows central banks to take a medium-term orientation and not to be distracted by short-term political motives, an approach which benefits the credibility, transparency and efficiency of monetary policy.

In line with the foregoing analysis, more and more EU central banks have over time been assigned the task of guaranteeing price stability

Source

The accountability they were speaking of was clearly not accountability to an electorate. Yet they wield enormous power previously the preserve of government. The smooth talk about efficient monetary policy and price stability contains a large element of truth (-as do most trojan horses). Except where once the voters had the choice of booting out the people who controlled monetary policy, this is no longer the case. And once you accept a multinational currency on the back of 'efficient monetary policy and price stability through a multinational central bank', you have in place the main groundwork for a multinational government.

This is further demonstrated by the way there have been massive attempts to push through a European Constitution in recent years. The people never asked for it, and don't want it. Yet when it was rejected in national referendums the PTB told us it was 'only a matter of time'...

They no longer even hide the fact they are not interested in what the people want.

It is not a question of what you would gain. It is a matter of what they wish to impose on you. Or - to be more precise - what they wish to take from you, and put in its place.




[edit on 15/2/09 by pause4thought]

nice observations and post .......i like the bigger picture angle.......well done

Practically speaking, the April 2009 G20 Summit is probably the last chance to put on the right tracks the forces at play, i.e. before the sequence of UK and then US defaults begin

Complete information available here...

www.abovetopsecret.com...'

and read info here:

www.leap2020.eu...

This just in on the E.U. Leaders turning to the IMF for help.
At the end of the snippet zero in on the note about the G20

The meeting, which also included leaders from Italy, Spain, the Netherlands and the Czech Republic, the current holder of the European Union's rotating presidency, was intended to hammer out a common European position ahead of the April meeting of the G-20, the group of industrialized economies and developing countries, in London. More Articles in World »

www.iht.com...

It's about time...


I believe in convergence...

Bring on the status of Earthling!

Convergence Indeed!
More on the Agenda from the G20

Swiss banking secrecy could soon come under unprecedented pressure as the world's most powerful countries meet to discuss tax havens at the G20 summit in April.

Now the 20 most influential countries in the world will meet in London on April 2 to discuss coordinated sanctions against tax havens. The move signals an escalation of pressure that had previously been applied by individual states, notably Germany, France and the US

Cocca is convinced that Switzerland will be one of the first tax havens to be targeted by the new offensive because it is home to by far the bulk of the world's offshore wealth. In addition, some countries – such as Britain – have their own offshore centres to protect.

"I do not think the G20 would find it so easy to solve the problem worldwide," he said. "I think they will focus on the major players such as Switzerland."

More on the Swiss
www.abovetopsecret.com...

www.swissinfo.ch...

[edit on 23-2-2009 by burntheships]

Originally posted by pause4thought

 

Funny how a global economic collapse just happens to coincide with G20 plans for a new global economic order. Just bear in mind that when they start promoting a global currency as the 'solution' it just happens to form the ideal platform for a single world government (-though they might go for regional single currencies first).

It is then only a matter of time before you can kiss goodbye to democracy, political accountability and the personal freedoms you (sometimes) currently enjoy...

No where to run baby no where to hide...

so now Gordon is "mad" that hardworking people are being squeezed because of banking mistakes? Really?

www.bloomberg.com...

March 6 (Bloomberg) -- Gordon Brown called on Group of 20 nations to agree a code on pay for bankers that would prevent institutions from rewarding bonuses that encourage risky behavior.

The U.K. prime minister, who returned yesterday from meeting President Barack Obama in Washington, told Labour Party members in Scotland that he wanted governments to agree together how they would regulate compensation systems.

“We cannot allow a race to the bottom in standards when we need to see the best standards all round,” Brown said in a speech to the Scottish Labour conference in Dundee. “We must agree international principles to end that short-term bonus culture and instead reward long-term sustainable results.”

The comments are aimed at getting G-20 support for action to reshape the banking industry after market turmoil forced governments around the world to provide more than $495 billion in support for institutions. Brown hosts a summit of G-20 leaders in London on April 2.

Brown is counting on the G-20 summit to revive his political fortunes after the Conservative opposition cut deeper into his popularity. With the next general election due by June 2010 at the latest, voter support for Labour has declined as Brown ordered additional measures to rescue banks.

So now we as a sovereign nation have to wait untill the G20 meets to develop a strategy? Like we have time on our side!

www.nytimes.com...

Administration officials say they are postponing their plan to produce a detailed road map for overhauling the nation’s financial regulatory system by April, in time for the Group of 20 meeting in London. Though officials say they will still develop basic principles in time for the meeting, the plan will not include much detail.

If you're interested in what's ahead for the G20 (**Health Warning: MSM version**), this is probably as good as it gets:

G20 Summit

There's a lot to explore here.

And don't miss the comedy section, entitled G20 offers hope of peaceful recovery. We could run a competition to see who can come up with the longest list of loaded phrases, such as:

The impending G20 summit on 2 April could be one of the most important tests of global unity ever, unlike any that have gone before...

World leaders will gather in London, some of them with fresh ideas [for which read 'some of them with ancient schemes']...

Seriously, though, some of the rhetoric sounds eminently sensible:

..the biggest problem the G20 will face will be an already growing tendency towards national protection and self-interest...

...unless of course you happen to be an informed reader, engaged in studying the G20 plans linked to here, and in other threads.

reply to post by pause4thought


Thank you for your pertinent contributuions! Ancient schemes indeed!
I also greatly appreciate the addition of your humor!

Feel free to post a link to relative threads, this is a big one...
Mighty big challenge to wrap your brain around it!

Video on G20 of the past and plans for the future...



[edit on 9-3-2009 by burntheships]

Surely the G20 has much in mind for the Summit of April 2, 2009.
Much of what they have in mind is money.

I just have to post this article I found on Canada and Spain, thier
banking system. Apparently the G20 has noticed their success...
and their reserves.

marketpipeline.blogspot.com...

Canada and Spain might be the future of banking. As banks everywhere implode, get nationalized or survive by shedding assets with alacrity, the Canadian and Spanish banks are, relatively speaking, soaring. Regulatory regimes that once seemed stifling now appear enlightened, and seem to have done the trick.

Failure to rid the banks of toxic assets my delay recovery
of the financial markets untill 2010.

www.bloomberg.com...

March 13 (Bloomberg) -- The guardians of the world economy are finding their efforts to revamp the global financial system overwhelmed by the deepening recession and banking crisis.

U.S. Treasury Secretary Timothy Geithner, Bank of England Governor Mervyn King and their Group of 20 counterparts meet near London today having originally intended to push along plans to tighten market regulation. Distracting them is a global economy in freefall, pressuring them to instead focus on ways to revive growth and tackle toxic bank assets.

“It’s like a patient battling for life in an emergency room,” said Nouriel Roubini, a professor at New York University. “That’s not the time to advise about the benefits of exercise and healthy diet. You have to first make sure the patient survives.”

The prognosis is worsening and failure to find a cure may disappoint investors as G-20 leaders prepare for their own summit in three weeks. The International Monetary Fund expects the first global contraction in six decades and equity investors are $3 trillion poorer than a quarter ago.

Originally posted by burntheships
Conspiracy...what conspiracy? Oh you mean that conspiracy!
Another sippet from the article!

The emergent power of the G-20 “is a recognition of new realities,” said Nobel laureate Joseph Stiglitz, a former economic adviser to President Bill Clinton. “It’s effectively recognition by the G-7 that they don’t have the money. The money is in Asia, the Middle East.”

Joseph Stiglitz is CFR maybe even Trilateralist & Bilderbeg but can't confirm the last two.

Source: Who's Who of the Elite