A unique perspective - The truth matters .
The overall agreement has been that a new world order has been reached and they will inject One Trillion dollars into the world’s poorest financial areas, including two hundred and fifty billion dollars for the IMF.
Barack Obama has made his first trip outside of the U.S as President to tackle the increasing problem of the world’s economies that are slowing down quicker and quicker, at an alarming rate.
It is his idea that by increasing borrowing and injecting more money into the economy of the richest nations in the world, this will stimulate the markets so much that we be back on track in no time.
Gordon Brown also has the same idea surprisingly, that by all the countries borrowing more money and injecting it into the economies will have such a positive affect, that the recession will be averted, and the recession and negative growth will be a temporary problem.
This has not worked so far, and the number of stimulus packages is now getting harder and harder to count. There have been injections to different corporations and institutions over and over again. The Bush plan of massive injection into the economies and bank lending also was meant top be a massive savour to the economy, but this also had little affect and it now virtually forgotten about. Also there have been the Brown plans of helping the banks financial position and the Quantative Easing strategy, which will eventually make our currency like that of Zimbabwe.
Somehow the two leaders of America and the United Kingdom seem to think that by throwing lots of money at the problem, it will just vanish, but it rarely does that. Even by creating more money by printing it only devalues our currency and does little to help the impending economic problems that we face.
The French president and German leader both think that borrowing more money will not make any difference but in the end they have bowed down to pressure or have been bribed to accept the inevitable “new world order financial program”.
This has been a very interesting summit to watch because we have seen the next big idea the world leaders have come up, in the supposed hope of rescuing the global financial economies.
We will now see the trouble that this new deal brings because one thing is for sure, these overstated measure that are meant to bring financial freedom to our markets do nothing to change real events. So we can be sure that there will be lots of challenges still to come.
G20
The New World Order!
As the day arrived for the much awaited G20 summit, world leaders have gathered to discuss the financial crisis and what can be done about it.
The meeting had been eagerly anticipated because of the increasing problems that the world is facing, and what can be done about them.