G-20 to give $1 trillion to IMF, World Bank (renounces protectionism)

AP on Yahoo ^ | 4/2/09 | Jane Wardell - ap

[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.

[popdonnelly]

Can they spare a trillion for the U.S.? We need it.

[popdonnelly]

These leaders ain’t superheroes. We’re still going to have the same old problems we had before.

[April Lexington]

Actually, he doesn't do well in unteleprompted situations. Better for us if he just reads the script and then gets out of Dodge before he does anything else stupid. Maybe forgo bowing and kissing anyone else before he leaves. Global curiosity...

[April Lexington]

The Three Stooges redoux!

[April Lexington]

If this is true, we are in deep doo doo.

[mojitojoe]

His arrogance knows no bounds.
____________
It’s not arrogance. It’s a mental illness. Pathological Narcissism.

[AmericaCitizen]

The Committee on Foreign Investment in the United States (CFIUS)

CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States. CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.

The CFIUS process has been the subject of significant reforms over the past several years. These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008. Further information about each of these reforms is available via the links to the right. The Great American Yard Sale

http://www.time.com/time/magazine/article/0,9171,1832861,00.html

[jacquej]

I have been reading every web blog on what is going on with this economic mess I can find, from all over the world.

The consensus seems to be that the doo-doo is so deep that we are done for. No way out, time to hunker down, and hope to survive.

[jacquej]

And, what upsets me the most is that the talking heads on TV and the more astute pols know this, and aren’t saying a damn thing about it. I guess they don’t want riots, but these will happen eventually.

[Candor7]

"Ve gif banx mawnay, you borrow eet, you buy ower sheet, you owe us!"

No isolationism?

Notice how easy it is to get a credit card?

Nah! Americans should be workin' hard and savin' money.

No more livin' on credit.

[Candor7]

"Ve gif banx mawnay, you borrow eet, you buy ower sheet, you owe us!"

No isolationism?

Notice how easy it is to get a credit card?

Nah! Americans should be workin' hard and savin' money.

No more livin' on credit.

[dennisw]

FOX just said that the G20 leaders are doing a joint press conference but Obama will not be present. He has opted to HAVE HIS OWN PRESS CONFERENCE!

0bomos first priority is to fire up the teleprompter and connect with his zombie army

[Repeat Offender]

but Obama will not be present. but I thought that was the only way he knew how to vote?

[2harddrive]

How much of the $1,000,000,000,000 did Hussein Obama promise to pay???

[ding_dong_daddy_from_dumas]

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.

Obama will give hundreds of billions to the IMF but has no money for a US missile defense.

[blueyon]

Obama was always for the Global Poverty tax bill. This bill is VERY disturbing
http://www.aim.org/aim-column/obamas-global-tax-proposal-up-for-senate-vote/

[servantboy777]

Welcome to the New World Order.

[ding_dong_daddy_from_dumas]

Daniel Hannon (member of European Paliament from Britain) on the G20 $1T to IMF:

How wonderful! We've saved everything because we've injected a trillion into the world economy. Yeah! From where? How do you get one trillion except from the world economy? All we have done done is take money from individuals and given it to great international global institutions to spend!

[April Lexington]

The consensus seems to be that the doo-doo is so deep that we are done for. No way out, time to hunker down, and hope to survive.

Commodity prices like copper and nickel are up again today. I'm thinking non-US gold coins ( in case the New World Leader orders all US coins confiscated. Maybe those 1 oz gold slab thingies...

[Kackikat]

Did you note the FSB will do a worldwide “standard tax” for everyone, so that’s what Obama meant when he said he wouldn’t raise taxes on middle class...the IMF will do it for him.