G20: Mother of all bailouts, $1.9 Trillion to be purposed

2009-03-28 20:59:19

#1

Harmor: Error_Name_Not_Found; +605|6851|San Diego, CA, USA

G20 summit: blow for Gordon Brown as £1.4 trillion spending blueprint is leaked

Arm Yourself Blog wrote:
Gordon Brown's preparations for this week's G20 summit in London got off to a bad start last night when a British blueprint for a £1.4 trillion worldwide spending boost was leaked.

In an embarrassing disclosure, a draft of the final communiqué to be signed off by world leaders at the end of the one-day gathering on Thursday appeared in the German magazine Der Spiegel.

There were suspicions that the leak was a deliberate act of sabotage by sources within the German government, where Chancellor Angela Merkel is adopting a more cautious approach to fiscal moves to boost the national economy than Mr Brown, who will chair the summit.

A Downing Street spokesman said the leak was an "old document with out of date figures" and that the £1.4 trillion was an estimate by the International Monetary Fund (IMF) of stimulus measures already introduced by G20 countries. No new money was included, the spokesman added.

Great...one world economy on its way.

2009-03-28 21:00:57

#2

Spark: liquid fluoride thorium reactor; +874|6977|Canberra, AUS

Good god! That's a lot of money.

The paradox is only a conflict between reality and your feeling what reality ought to be.
^{~ Richard Feynman}

2009-03-28 21:07:00

#3

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6455|what

It's what is needed sadly.

It will be interesting to see if the funds are borrowed (from China) or printed (mass inflation).

2009-03-28 21:21:48

#4

Catbox: forgiveness; +505|7019

Obama better have the brains and the balls to say no to this ridiculous idea... The UN is a sham... if we say no are the little guys with the blue helmets going to invade the US...lol?

Love is the answer

2009-03-28 21:26:02

#5

Kmar: Truth is my Bitch; +5,695|6903|132 and Bush

[TUF]Catbox wrote:
Obama better have the brains and the balls to say no to this ridiculous idea... The UN is a sham... if we say no are the little guys with the blue helmets going to invade the US...lol?

UN? ..

International opposition, led by Germany and France.

Xbone Stormsurgezz

2009-03-28 21:30:46

#6

Catbox: forgiveness; +505|7019

I got it mixed up... The UN was trying to get involved with something that gave them more control... will find the story...
and i still think we should have our own financial system here in the US and the rest of the world can have theirs also...

they want to move away from the dollar being the major currency... UN sucks...thats not news to anyone though...lol
http://marketplace.publicradio.org/disp … am_dollar/

Last edited by [TUF]Catbox (2009-03-28 21:34:52)

Love is the answer

2009-03-28 21:32:30

#7

Kmar: Truth is my Bitch; +5,695|6903|132 and Bush

We don't have our own system.. neither does the rest of the world. It's a global economy. Still, pouring trillions into a world spending fund.. that won't end well.

Xbone Stormsurgezz

2009-03-28 21:34:53

#8

usmarine: Banned; +2,785|7064

https://www.csn.ul.ie/~cheese/GsocStuff/riker-facepalm.jpg

2009-03-28 21:44:37

#9

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6455|what

[TUF]Catbox wrote:
and i still think we should have our own financial system here in the US and the rest of the world can have theirs also...

https://img.photobucket.com/albums/v83/rac_goshawk/facepalm.gif

2009-03-28 21:55:59

#10

Diesel_dyk: Object in mirror will feel larger than it appears; +178|6297|Truthistan

usmarine wrote:
http://www.csn.ul.ie/~cheese/GsocStuff/ … cepalm.jpg

^^^^^ROFL

The germans probably leaked it because the updated figure is probably higher.

The global bailout auction.
Hmmnnna Hmmmmnnaaaa Hummmnnnaaa, I've got a bid at 1.9 trilliion from Union Jack, do I hear 2 trillion?, 2 trillion??Sir in the red white 'n blue bids 2.5 Trillion (crowd gasps/ conservatives puke) going once going twice sold to the suckers of the earth.

Will that be cash, credit or slavery? GFD

2009-03-28 23:05:10

#11

unnamednewbie13: Moderator; +2,060|7074|PNW

Harmor wrote:
Great...one world economy on its way.

Too bad isolationism and protectionism doesn't really help.

2009-03-28 23:14:30

#12

Catbox: forgiveness; +505|7019

AussieReaper wrote:
[TUF]Catbox wrote:
and i still think we should have our own financial system here in the US and the rest of the world can have theirs also...
I have no real point

What do you suggest....?

Last edited by [TUF]Catbox (2009-03-28 23:18:07)

Love is the answer

2009-03-29 00:17:23

#13

Spark: liquid fluoride thorium reactor; +874|6977|Canberra, AUS

[TUF]Catbox wrote:
AussieReaper wrote:
[TUF]Catbox wrote:
and i still think we should have our own financial system here in the US and the rest of the world can have theirs also...
I have no real point
What do you suggest....?

Perhaps something that has the remotest chance of working.

The paradox is only a conflict between reality and your feeling what reality ought to be.
^{~ Richard Feynman}

2009-03-29 00:46:26

#14

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6455|what

[TUF]Catbox wrote:
AussieReaper wrote:
[TUF]Catbox wrote:
and i still think we should have our own financial system here in the US and the rest of the world can have theirs also...
I have no real point
What do you suggest....?

Perhaps something that doesn't ignore the fact America is reliant on exports and imports with the rest of the world.

Your own private financial system would do nothing to solve any of your current problems, what would be the point? How does that help any of you?

"American dollars are just like real dollars - but more fun" ?

Qualify your own mundane solution before looking for another.

2009-03-29 01:08:10

#15

Kmar: Truth is my Bitch; +5,695|6903|132 and Bush

We'll in that case.. we've already dumped trillions in. ya know.. since it's all being imported/exported.

Xbone Stormsurgezz

2009-03-29 01:10:31

#16

BVC: Member; +325|6998

How do countries usually get out of economic crises? They start wars, which lead to spending lots of money.

The upside of spending up without the war: Millions aren't sent overseas to their deaths.
The downside of spending up without the war: No reparations from your former enemies.

2009-03-29 01:12:26

#17

Kmar: Truth is my Bitch; +5,695|6903|132 and Bush

Pubic wrote:
How do countries usually get out of economic crises? They start wars, which lead to spending lots of money.

The upside of spending up without the war: Millions aren't sent overseas to their deaths.
The downside of spending up without the war: No reparations from your former enemies.

They also create lots and lots of jobs.

Xbone Stormsurgezz

2009-03-29 01:35:06

#18

Catbox: forgiveness; +505|7019

AussieReaper wrote:
[TUF]Catbox wrote:
AussieReaper wrote:

I have no real point
What do you suggest....?
Perhaps something that doesn't ignore the fact America is reliant on exports and imports with the rest of the world.

Your own private financial system would do nothing to solve any of your current problems, what would be the point? How does that help any of you?

"American dollars are just like real dollars - but more fun" ?

Qualify your own mundane solution before looking for another.

So no answer? OK... that's what i figured... besides who cares... the earth is on fire and the ice is melting and we dont have much time left anyway...lol

Love is the answer

2009-03-29 01:52:05

#19

AussieReaper: ( ͡° ͜ʖ ͡°); +5,761|6455|what

Yeah, I never expected you to enlighten us all with your American financial system which involves no foreign trade.

2009-03-29 06:29:01

#20

JahManRed: wank; +646|6930|IRELAND

London's Bank of England is going to burn during the G20. There are 12 different marches converging on the BoE. Everyone from Anarchists to retired service men to socialist workers party. I hope they burn it to the ground.

2009-03-29 07:45:43

#21

Flecco: iPod is broken.; +1,048|6967|NT, like Mick Dundee

Wish I was there for the protests. Not to actually voice an opinion but to see such a gathering of people all wishing to express everything from disgust to rage. Such a mob in action would be a sight to see.

Just curious as to which option the D&STers find preferable, war or selling our souls to China/India?

Whoa... Can't believe these forums are still kicking.

2009-03-29 12:44:13

#22

Turquoise: O Canada; +1,596|6708|North Carolina

well... let the global corporatism begin... (as if it hadn't started yet)

Even nationalization would be better than this mess.

2009-03-30 19:17:37

#23

Harmor: Error_Name_Not_Found; +605|6851|San Diego, CA, USA

Did they announce it yet? Was this article premature? Or are they waiting to the end?

2009-03-30 20:15:22

#24

Leadermarine99: Banned; +2|5854

this is seriously BS. why doesnt they put in a couple hundred shares in berkshire hathaway? barack obama may b impeached from this decision....

2009-03-30 20:16:28

#25

Poseidon: Fudgepack DeQueef; +3,253|6840|Long Island, New York

Leadermarine99 wrote:
barack obama may b impeached from this decision....

lol

BF2S Forums G20: Mother of all bailouts, $1.9 Trillion to be purposed

Arm Yourself Blog wrote:

[TUF]Catbox wrote:

[TUF]Catbox wrote:

usmarine wrote:

Harmor wrote:

AussieReaper wrote:

[TUF]Catbox wrote:

[TUF]Catbox wrote:

AussieReaper wrote:

[TUF]Catbox wrote:

[TUF]Catbox wrote:

AussieReaper wrote:

[TUF]Catbox wrote:

Pubic wrote:

AussieReaper wrote:

[TUF]Catbox wrote:

AussieReaper wrote:

Leadermarine99 wrote:

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