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G-20 to give $1 trillion to IMF, World Bank (renounces protectionism)
AP on Yahoo ^ | 4/2/09 | Jane Wardell - ap

Posted on 04/02/2009 8:56:40 AM PDT by NormsRevenge

LONDON – Global leaders pledged an additional $1 trillion to restore credit, growth and jobs in the world economy on Thursday, exceeding expectations in their plan to deal with the financial crisis.

The Group of 20 nations also agreed to renounce protectionism and pledged $250 billion in trade finance over the next two years — a key measure to help struggling developing countries, whom they promised to give a greater say in world economic affairs.

The G-20 also outlined a raft of policies to rebuild trust in the financial system, including a crackdown on tax havens and hedge funds and new rules on linking executive pay to performance.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Foreign Affairs; Politics/Elections
KEYWORDS: g20; g20summit; globalism; imf; neworldorder; protectionism; starkravingsocialism; worldbank
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To: EGPWS
Here ya go!


41 posted on 04/02/2009 11:06:40 AM PDT by rockabyebaby (We are soooooooooooooooooooooooo screwed!)
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To: rockabyebaby
AHHHH, thanks Honey. : )

Was it good for you too baby? ~snort LOL!

42 posted on 04/02/2009 11:09:41 AM PDT by EGPWS (Trust in God, Question everyone else)
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To: rockabyebaby

and even thos’ll cost ya a little more.......


43 posted on 04/02/2009 11:16:20 AM PDT by del4hope (The only thing that is warming globally is socialism.)
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To: EGPWS

LOL!


44 posted on 04/02/2009 11:17:04 AM PDT by rockabyebaby (We are soooooooooooooooooooooooo screwed!)
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To: del4hope

Yep, here in the GAYstate aka GAYsachusetts, they’re upwards of eight bucks a pack..........


45 posted on 04/02/2009 11:17:40 AM PDT by rockabyebaby (We are soooooooooooooooooooooooo screwed!)
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Comment #46 Removed by Moderator

To: NormsRevenge
Share the WORK and the wealth will redistribute itself. It's easy, and it's free.
It would put an end to 99.9% of the oppressive social programs we're suffering with right now.

Forget the trillions. Just say "no" to sloth.

47 posted on 04/02/2009 11:21:14 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: pollywog
He CAN’T DO a joint press conference. It would confuse the other leaders with his infamous Teleprompter!!!!

No teleprompter today - that press conference is a train wreck.
48 posted on 04/02/2009 11:25:02 AM PDT by wolf78 (Cranky Libertarian - equal opportunity offender)
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To: elpadre

Russia and China will be net beneficiaries in this, they will receive money. The US and UK will foot most of the bill for this.


49 posted on 04/02/2009 11:53:16 AM PDT by Thunder90
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To: givemELL

There are reasons that Russia/”Former” Soviet Union, China, Iran, Venezuela, and others are building up their militaries. They are getting ready for the aftermath of a global economic collapse.

And yet, through this IMF thing, we (The West) will be directly funding the military expansion that will be used against us in the near future.


50 posted on 04/02/2009 11:57:51 AM PDT by Thunder90
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To: NormsRevenge
According to Drudge, it was the IMF who originally pressured Congress to pass the first in the series of bailouts last October.
51 posted on 04/02/2009 11:59:08 AM PDT by Bokababe (Save Christian Kosovo! http://www.savekosovo.org)
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To: NormsRevenge

WE are being herded into a globalist pen to be milked for their sustenance by the Socialist elite.

Hello One World Order.

Environmentalists to the Left of us. Confusion to the right of us. Our lack of individual wealth resources held over us. Racial turmoil, blindness, and ignorance behind us. They leave us only a path of their choosing for us to follow.

Interesting to see their plan in action.

The alternative is grim, but their goals for us are even more so. We have several ways to vote.

BLOAT if you can find it.


52 posted on 04/02/2009 12:06:27 PM PDT by rockinqsranch (Dems, Libs, Socialists...Call 'em What you Will, They ALL have Fairies Living In Their Trees.)
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To: NormsRevenge

Hell no I’m not paying taxes this year. They can kiss my ass.


53 posted on 04/02/2009 12:07:10 PM PDT by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: Girlene

Everything goes better when you spread the wealth around.


54 posted on 04/02/2009 12:07:28 PM PDT by ichabod1 (I am rolling over in my grave and I am not even dead yet (GOP Poet))
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To: xzins

Stroke of a pen law of the land pretty cool.


55 posted on 04/02/2009 12:08:00 PM PDT by ichabod1 (I am rolling over in my grave and I am not even dead yet (GOP Poet))
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To: Mr. K

piece in our time.


56 posted on 04/02/2009 12:10:37 PM PDT by ichabod1 (I am rolling over in my grave and I am not even dead yet (GOP Poet))
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To: M203M4

re your picture......I keep thinking Obama is wearing eye makeup every time I see a pic/video of him over there.


57 posted on 04/02/2009 12:56:12 PM PDT by Girlene
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To: Thunder90

I don’t doubt it, but how and why??


58 posted on 04/02/2009 12:59:08 PM PDT by elpadre (nation)
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To: ichabod1
Everything goes better when you spread the wealth around.

LOL. We're not spreading wealth, we're only spreading deficit.
59 posted on 04/02/2009 12:59:18 PM PDT by Girlene
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To: NormsRevenge; All

Why are these guys laughing? They must be unaware of what is going around the ‘net!

http://market-ticker.denninger.net/archives/925-Ticking-Financial-Nukes-OTC-Derivatives.html


60 posted on 04/02/2009 1:16:04 PM PDT by jacquej
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