Which is about how long they have been working on this current manifestation of the project!
Of course, the agenda-pushing, globalist Globe wraps this all up in SUCCESS!!
I guess that's why they will be shutting down soon.
NOBODY LIKES A LIAR!!!
"Summit pledges $1.1 trillion but balks at broader stimulus; Focus is on trade; Obama admits prospects uncertain" by Mark Landler and David E. Sanger, New York Times | April 3, 2009
LONDON - Struggling to bridge deep divides over how to revive a paralyzed global economy, the leaders of the world's largest economies agreed yesterday to bail out developing countries, stimulate world trade, and regulate financial firms more stringently. But President Obama conceded that there were no guarantees that those measures would reverse the biggest global downturn in six decades.
Yeah, these guys who purposefully oversaw the planned destruction by their masters are fixing the problems, uh-huh.
Prime Minister Gordon Brown of Britain, host of the Group of 20 summit meeting called to fight the crisis, announced at its conclusion that the leaders had committed to $1.1 trillion in new funds that would greatly increase the capital available to the International Monetary Fund. The goal would be a revival in trade, which is expected to contract this year for the first time in 30 years.
That's what they really cared about: Getting the globalist IMF funded.
But the combination of loans and guarantees fell short of an injection of fresh fiscal stimuli into the economic bloodstream, the result of a stubborn division between Continental Europe and the United States over whether to act now or wait and see whether existing spending measures take effect....
Still, the meeting eased fears that leaders would repeat the failure of a similar gathering in 1933, which was followed by a surge of protectionism that prolonged the Great Depression.
You know, that is the version my lying state school told me, and I am starting to doubt it. The Ron Paul-type economists say that just prolongued the depression as Obama is doing now, and the end result was a war -- and don't think theplanners don't view war as a distracting way out of this mess. Worked before, right?
It also gave Obama a high-profile debut on the world stage. He projected contrition about America's role in starting the meltdown, extolled global resolve to find a way to end the downturn and mediated a dispute between the presidents of France and China over tax havens.
"Today, we've learned the lessons of history," Obama declared in a news conference in which he took questions from journalists from India and China. But he also said that getting more than 20 countries to agree to common steps was particularly hard because "each country has its own quirks."
What, 9/11 Truth shine into your skull, shitter? Then shaddup!
The meeting, he said, exemplified the power of developing nations, heralding a new age in which decisions about the future of the global economy will no longer made by an elite club of Western powers that have set the global rules since the Bretton Woods agreement in July 1944.
I'm sick of the lying, I really am. WTF you think these meetings (and the ones not covered, like Bilderberg) are about?
The most concrete step was a $750 billion reinforcement of the resources of the IMF, which has emerged from years of waning relevance to become the first responder in this crisis, lending billions of dollars in emergency loans to dozens of countries. In addition, the leaders agreed to provide $250 billion in trade credits, needed to finance cross-border trade that has declined roughly 10 percent as a result of the credit crisis and the economic downturn.
Among other steps Brown detailed were new regulations on hedge funds and rating agencies, as well as a crackdown on tax havens, which will be publicly identified and subjected to sanctions if they do not agree to share tax information with the authorities of other countries. A senior Obama administration official cautioned that the sanctions were "future-oriented."
Stock markets around the world, especially in emerging nations, rose in the hours leading up to the announcement. In the United States, however, investors seemed less cheered about a deal emerging from the Group of 20 than about an arcane change in US accounting regulations that would make it easier for banks to defer writing down the value of their most troubled toxic assets. Many financial experts had been hoping that world leaders would address how to dispose of those assets rather than leave bankers to use accounting changes to make them appear less crippling.
"The rich countries are in denial about the depth of the problems remaining in their financial sectors," said Kenneth S. Rogoff, a professor of economics at Harvard. "They want to congratulate themselves for taking all the right steps already, as if the only problem now is how to help emerging markets."
In the end, the leaders also papered over one of their most public disputes: whether countries around the world should commit to even greater fiscal stimuli than they had already enacted.
The Group of 20 did agree on new global rules to govern the pay and bonuses of bankers. The leaders also agreed to "name and shame" countries that erected trade barriers, intended to resist growing protectionist sentiment.
But a European push for sweeping global regulation of the financial markets was blunted, to a large degree, by the United States. While the leaders agreed to create a new Financial Stability Board to monitor the financial system for signs of risks, they stopped short of giving regulators cross-border authority, something France has advocated.--more--"
Who knows if the MSM is telling the truth here. They have lied and obfuscated so many thing that I no longer believe them, and with good reason.
