G20 no Financial Picnic! - Instablogs
G20 no Financial Picnic!
Allan , London: Apr 1 2009
Made Popular Apr 2 2009
United Kingdom :

G20 no Financial Picnic!

I turned on the BBC world News this morning to see if they had any new stuff about the G20 summit in London, England and I was not disappointed.

The economy is on every one’s mind and on TV it was “here a news,” “there a news,” and “everywhere a news, news!”

They call this one the G20 since conditions are bad enough that they wanted to get everyone possible in on the action instead of the usual G7 or G8 countries that normally show up!

One thing I did notice about this whole thing was the polar-opposite approach to the problem taken by North America against that proposed by the E.U.

Obama, (and by proxy Canada) are taking the position that the only way out of this mess is to spend, spend, spend, while the Europeans seem to think that tightening their belts will better address the financial mess we are in.

After all is said and done, a compromise and consensus will no doubt be reached by all, except of course the French, who are already making noises that they will go it alone if they don’t get their way.

Now let’s be franc/frank about the French! (I couldn’t resist that!) These bunch of whiners never agree with anyone anyways, so it’s no surprise that they’re making waves again but fortunately everyone is so familiar with their petulant ways that they might be shown the door before they have a chance to slam it behind them.

(On a side note, we here in Canada know all about the French. We have had to listen to them ever since The Battle of the Plains of Abraham, [Also known as the Battle of Quebec, and the French and Indian War in the United States] which was a pivotal battle in the Seven Years’ War. We try and ignore them but after 250 years of bitching about losing North America to the British but they are starting to wear a bit think on our collective patience.)

Other than the perennial “French problem,” what is making the most news is the protesters that have almost closed down sections of downtown London. We just got word that a bunch of hooligans have occupied the Bank of Scotland building and barricaded themselves inside.

These ‘Anarchists” are a motley group that is against anything from Capitalism to our current monetary system.

Either that, or it’s just another excuse to have a big party and wreck stuff. You know, University students!

But, if they are true Anarchists, what they want to do, is do away with money!

No really, they are almost as bad as the Luddites. This are a group who is against anything new in general They are just like the Amish, without the religion!

I guess they want to return to the barter system or something!

That’s all well and good but not very realistic.

Where are you going to find a cow or some chickens to barter with in the middle of London, England?

Bet they never thought of that eh?

Allan W Janssen

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1 Stars
Didier
Moscow, Russia
US has imposed the financial crises on the whole world.

The developing nations should chalk out a plan at the meeting of G-20 to deal with melt down.
But they need to be care full about the US agenda. US can again mislead these countries in the name of getting rid of financial crises.
1 Stars
Jorge
Manila, Philippines
Bid countries and big meetings...big lunches and dinners and one doesn't doubt but knows that it will end in nothing. such meetings are more about big feasts and big talks and much hue and cry for things too serious sans will and honesty to thought to do anything substantial.
1 Stars
Adam
Birmingham, United Kingdom
@ allan

I disagree with u. it is a financial picnic. G20 or G8 hasn't achieved anything yet. It is a simple con trick to try and fool the people all of the time. The G20 is about holding the line as they is no fix unless the entire structure of the capitalist state is brought down and we start again from ground zero. Is that going to happen. All that will happen is we will will lumber on with a few palliatives and the same bankers will go back to doing what they do best. Meaning robbing us blind as usual. We will be back to boom and bust in a few years time.
1 Stars
Henry
Havana, Cuba
You are right Adam
We have to bring down this whole capitalist system to get rid of such crises. The only solution to this is a socialist system.
1 Stars
Brian
New York City, United States
well what I strongly feel is that the g-20 leaders should agree on regulatory capitalism as free capitalism has failed us and continues to fail us. Proper regulatory measures should be agreed upon to regulate our financial system, that's the only way I believe businesses and jobs can be protected, livelihood of people improved and investors' confidenced assured.
1 Stars
Robbie
Birmingham, United Kingdom
Regulatory capitalism, what is that?

Capitalism is capitalism and nothing else. The only purpose of capitalism is to suck the blood of people to increase the profit of companies.
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