Apart from the promised street circus of colorful neanderthals entertaining Londonistan, let me save you a lot of time regarding Thursday's G-20.
SHORT VERSION: G-20 LEADERS WILL MEET FOR JUST OVER 4 HOURS, TALK, DINE, AND ISSUE A COMMUNIQUE THAT HAS ALREADY BEEN WRITTEN. Don't waste any time taking anything these elegantly tailored and bespoke monkeys "say" seriously. They will, of course, talk but are incapable of doing anything other than bloviate while purging hot gas from varied orifices....nothing else will be accomplished. Nothing tangible. Blaming others for their failures will be a mere distraction, but will provide enough justification for all to claim a successful beanfest.
- Expect them to dine on fine steak (I wonder if they'll serve the $100 per pound variety Obama prefers?) while they all in turn expect you to be quite satisfied with your SPAM.
LONGER VERSION: The G-20 will really be the G-2. Look to the US and CHINA to play G-2. Anyone else with any smarts will step aside and avoid the coming financial trainwreck. Obama will play the panhandler, trying to lay off trillions of US debt onto China who will play the part of Goldfinger.
- With $11 trillion in national debt and $55 trillion in ufunded liabilities, getting someone (getting anyone) to buy US Dollars is like trying to convince people to give money to Bernie Madoff. Wait, that was unfair...Bernie was running a modest 3-card monte scam compared to Obama wrecking the dollar's position as the world's reserve currency in mere months!
FOR GORDON BROWN: Take a memo. Recall that the dollar replaced the pound sterling in the 1940's. Remember that it was George SOROS who broke the Bank of England in 1992 (yes, THAT fellow who now OWNS and directs the Democratic party and our very own TOTUS, Barack Hussein Obama).
FOR THE REST OF US: I would watch for what will replace the dollar as the next world reserve currency. Some argue for the Chines YUAN, others for a "basket" of currencies, and a very few are whispering GOLD.
- As to gold, try buying some. It's scarce. Central banks are not selling their gold. Some, like Russia, are buying all the refined gold they can get their hands on. Banks will NOT lend one another paper 'money' because they are scared of what is coming. I'm just saying......
Wednesday, 1 April 2009
Saving you time, a G20-G2 preview.............by Rico
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2 comments:
Having read a recent Geopolitical message, I think there'll be some discussions between the US and Germany too. Germany is the powerhouse behind the Euro, and there are a lot of minor countries in Europe suffering from a devalued Euro (think of Greece). Germany, however, will not go against Russia (its main supplier of energy) so there'll be a lot of talk between the two for very little result.
I think the real meeting to watch out for will be between the US and Turkey following the G20 & European meetings. The US will ask Turkey to control the Iranians in Iraq/Afghanistan and also the Russians in the Caucuses. Turkey is the best placed country to do this, and it will want to extend its sphere of influence (its been keeping itself within its own borders for too long).
The next few meetings will be interesting for the US, mainly for their lack of results in Europe but a change of allies elsewhere (dropping some of the Europeans and gaining Turkey).
Interesting times,
Yabusame.
Re gold, Market Watch points out that ALL of the gold in the world (at $900 oz)
would not cover one-third of of the current US debt.
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