I think we were all coming to grips with the “Socialist” Obama. Washington is now running the banks, running the auto companies, dictating salaries and planning to move into other sectors should the need arise. Some were convinced that these actions were necessary to stabilize the economy. Others believe that the economy is a convenience to enact these policies planned from the outset. Whichever, the cause and whichever the effect, we have adjusted to the current realities and Republicans and much of the public are gearing up for a fight.
Well, it just got worse. A whole lot worse at the G20 summit. I am digging for the expect text … which of source the media can’t seem to find time to publish. But I have found this from Bloomberg.
The leaders agreed on principles for financial market regulation, including expanded controls on hedge funds and derivatives trading, and tax havens, as well as rules on compensation and bonuses. They also pledged additional financing for the International Monetary Fund and other institutions.
Didi that just say we agreed to take our draconian actions, our socializing of the US economy and blend it with the G20 and the world. Are those “on world currency” folks actually not wackos? We now have the G20; of which we were 50%+ of the GDP and 1/20 of the votes; in charge of our economic policies and executive compensation?
So the big question is what does “on principles” mean? Is it that generally we agree to work together (as we have been) to solve these issues? Well, if it said that then why say anything? We have been doing that! So saying something would seem to indicate a shift. No? A shift to a more Socialist agreement on principals (dare I say controls), is most likely the case.
It could be far worse with a G20 panel appointed to set forth controls, restrictions and fines for non-compliance to the new world order. A board consisting of predominately or completely non-US members, that combined control less then half the world’s money supply, now given the reigns to manipulate our markets to their advantage.
So what does “on principles” mean? Does anyone in the media do any investigation anymore or just regurgitate talking points? YO MEDIA…A LITTLE HELP! The text would be of huge value here. I will find it an update accordingly.