Cervantes

Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.

MIGUEL DE CERVANTES
Don Quijote de la Mancha.

15 de noviembre de 2008

Poco se espera de la reunion del G-20

LaRouche: The G-20 Summit Is a Farce
15 Nov 2008
November 15, 2008 (LPAC)--"None of the participants are really facing up to the immediate, crucial issues, which are coming down rapidly on the world," Lyndon LaRouche stated today in a discussion about the Nov. 15 summit of the G-20 in Washington, D.C. "What French President Nicolas Sarkozy is saying in terms of restraint, and so forth, is relevant, but all the other stuff we're hearing is complete bullshit. This is nonsense.

"This is a farce, and it's intended to be a farce," LaRouche continued. "Nothing significant is going to be decided. There will be innuendo and attempts to corrupt the situation as much as possible, especially by the British side. And the British side, as usual, is looking for handouts from everybody else. They want a bail-out.

"The British always set these things up: `You've got to debate this; you've got to debate that.' It's all bullshit. The British deployment policy is: make sure that nothing works.

"I think we ought to express unbridled contempt for such a farce. I mean, after all: a whore is a whore, isn't she? And the British are one big old whore," LaRouche said.

Over recent weeks, LaRouche has emphasized that any serious intention of solving the global financial breakdown crisis has to emphatically exclude the British from any policy participation. If you don't exclude them, they will sabotage any attempt at serious change. If you try to reach a consensus with them, LaRouche has insisted, the result will be less than worthless.

That is precisely what is occuring in the run-up to the Nov. 15 summit of the G-20 in Washington, D.C.

* British Prime Minister Gordon Brown told journalists on his flight from London to the U.S., that he expects the summit to support a sharply increased role for the IMF* in global surveillance, a return to the long-stalled Doha round of world free trade talks, and the establishment of a supranational "college of supervisors" to oversee all banks internationally. Brown is scurrying around to impose this agenda, meeting before the summit with Russian President Medvedev, Japanese Prime Minister Aso, and Brazilian President Lula, as well as with Nobel economists Joseph Stiglitz and Paul Krugman. Most significantly, Brown's financial and foreign policy advisers will hold talks with Obama's envoys to the conference, Madeleine Albright and Jim Leach.

* Japanese Prime Minister Aso will call for doubling the current $340 billion in IMF funds, and will offer $100 billion from Japan. The Saudis may also offer to pony up funds for the IMF.

* German Chancellor Angela Merkel will propose increased transparency and controls "for all kinds of financial products," including derivatives, to be managed through an upgraded IMF.

* Indian Prime Minister Manmohan Singh called for "greater inclusivity in the international financial system [and] the need to ensure that the growth prospects of the developing countries do not suffer," but he stressed "the need to avoid protectionist tendencies." His Finance Minister P. Chidambaram likewise warned that "the crisis should not be an excuse to go into a protectionist cocoon."

* French President Nicolas Sarkozy announced on Thursday that "I am leaving for Washington to explain that the dollar... can no longer claim to be the only currency in the world," while the daily Le Figaro warned that "Sarkozy has already planned to create some incidents during the sessions if the U.S. comes out being completely closed off from the European proposals." Sarkozy has also used his position as rotating president of the EU, to get seats at the summit for Spain and Holland.

* Russian President Dmitri Medvedev stated that tomorrow's summit will be inconclusive, but that he supports holding "without any extra red tape, and fairly soon," a follow-on summit on the financial system. "We need a full-scale, adequate response to the problems, not simply a collection of declarations, handshakes and photo ops, but rather an action plan." After talking about categories like "transparency," "early-warning procedures," and lowering trade barriers, he included something with more potential: "Elimination the imbalance between the volume of the mass of all kinds of various financial instruments that are issued, and the real returns on investment on the programs they are related to." If that point were truthfully pursued, it would lead to the guts of the crisis: the derivatives bubble.

*IMF = International Mother F*ckers

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