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G-20 to give $1 trillion to IMF, World Bank (renounces protectionism)
AP on Yahoo ^ | 4/2/09 | Jane Wardell - ap

Posted on 04/02/2009 8:56:40 AM PDT by 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.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Foreign Affairs; Politics/Elections
KEYWORDS: g20; g20summit; globalism; imf; neworldorder; protectionism; starkravingsocialism; worldbank
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1 posted on 04/02/2009 8:56:40 AM PDT by NormsRevenge
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U.S President Barack Obama (L) laughs with Italy's Prime Minister Silvio Berlusconi (C) and Russia's President Dmitry Medvedev as they pose for a family photograph at the G20 summit at the ExCel centre, in east London April 2, 2009. World leaders are set to declare an end to unfettered capitalism at a G20 summit on Thursday after France and Germany demanded they act fast on promises to prevent a repeat of the worst economic crisis since the 1930s. REUTERS/Stringer (BRITAIN BUSINESS POLITICS IMAGE OF THE DAY TOP PICTURE)


2 posted on 04/02/2009 8:59:00 AM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

More of our money, which we don’t have, going to other countries. I’m sure that the young lady, trying to feed her children, trying to keep her job, make her house payments, really cares about the IMF.


3 posted on 04/02/2009 8:59:28 AM PDT by RC2
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To: RC2

What is the breakdown in dollars between each of the 20??


4 posted on 04/02/2009 9:01:07 AM PDT by elpadre (nation)
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To: NormsRevenge
Thank you, thank you world leaders. You are our saviors. Thank you.

I can't wait to be taxed more. Thank you.

5 posted on 04/02/2009 9:01:19 AM PDT by BGHater (Tyranny is always better organised than freedom)
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To: NormsRevenge

“Global leaders pledged an additional $1 trillion”

Global leaders my ass. This money is going to come from the US taxpayers. The taxpayers are already committed to trillions of dollars in future spending, now more money is being stolen from them.


6 posted on 04/02/2009 9:02:42 AM PDT by detective
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To: NormsRevenge

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!

His arrogance knows no bounds.


7 posted on 04/02/2009 9:03:02 AM PDT by KansasGirl
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To: NormsRevenge

How much money have we wasted on “struggling countries”?
Why don’t we just face the fact that not all countries will end up like us or other major modern countries?


8 posted on 04/02/2009 9:03:56 AM PDT by Islaminaction
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To: NormsRevenge

NWO...I guess to ask under what authority zer0 has to do this would be a waste of time.


9 posted on 04/02/2009 9:04:36 AM PDT by Las Vegas Ron (Wake up people, AIG executives are not the enemy, your Government is!)
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To: KansasGirl

His goal is to lead the world. It is all about him and his leftist ego. He is one creepy dude.


10 posted on 04/02/2009 9:05:05 AM PDT by Islaminaction
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To: elpadre

That’s what I would like to know. I would bet that the One has committed to the bulk of it.


11 posted on 04/02/2009 9:05:36 AM PDT by RC2
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To: elpadre

So far FOX has said that Japan & EU have both promised $100 billion each, so my guess is U.S. taxpayers are stuck with the other $800 billion.


12 posted on 04/02/2009 9:05:37 AM PDT by KansasGirl
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To: NormsRevenge
Who is printing all these money? Is it going to be printed in dollars?
13 posted on 04/02/2009 9:07:37 AM PDT by alex
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To: KansasGirl

I’m moving to the F’N moon...


14 posted on 04/02/2009 9:07:47 AM PDT by mikelets456
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To: KansasGirl

$800 billion - that’s probably not far off, Kansasgirl


15 posted on 04/02/2009 9:13:08 AM PDT by Girlene
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To: RC2; Revolting cat!

Can we give the IMF 1,000 Zimbabwe billion dollar notes?


16 posted on 04/02/2009 9:20:00 AM PDT by a fool in paradise (Pres Obama just spent $150million of the $160million in returned AIG bonuses on a trip to England.)
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To: NormsRevenge

Anyone that can’t survive on their own should just drop dead!


17 posted on 04/02/2009 9:23:25 AM PDT by dalereed
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To: NormsRevenge; P-Marlowe

And my guess is that the US share is about 500 billion.

In short, Obama just added another half a trillion dollars to our debt.


18 posted on 04/02/2009 9:36:07 AM PDT by xzins (Retired Army Chaplain, Pro Deo et Patria)
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To: All

So $1000 per US resident (assuming we ONLY pay 25-30% of total)...is anyone going to ask us? ...nevermind...

Does Congress have to vote on this kind of expenditure?


19 posted on 04/02/2009 9:36:51 AM PDT by FollowingTheGrace
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To: KansasGirl

He needs his teleprompter.


20 posted on 04/02/2009 9:38:56 AM PDT by rightwingintelligentsia (Where do I sign up for jewelry stamps?)
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To: NormsRevenge

World losses were recently estimated to be about $50 trillion so far, the US has pumped over $12 trillion into the mess so far, estimates of another $5 to $7 trillion yet needed by the US for forseeable default protection is in sight, AND, a measly $1 trillion to the IMF only buys a little time until another trillion is needed. Interest payment rollovers renew at monthly combinations up to a year and require continual financing. In the meanwhile, middle class wealth in the Western World has more time for transfer to other hands as their tax burdens are loaded well beyond their lifetime, their home equities evaporate, their jobs disappear. I think of Japan where families can service 200 year mortgages. Yup, $1 trillion into the IMF is only 1/8 of the $12 trillion the US alone has conjured up so far. The market ‘rally’ today, just as others recently will be short lived and a downward course will inexorably proceed. World trade continues to sink with no end in sight. The G20 was hard pressed to come up with a $1 trillion...more will be needed.


21 posted on 04/02/2009 9:42:03 AM PDT by givemELL (Does Taiwan Meet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: NormsRevenge

Legalized theft. Plain and simple.


22 posted on 04/02/2009 9:48:04 AM PDT by Force of Truth (Sarah Palin in 2012!!!!!! WOOOHOOOOO!!!!!!!!!)
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To: NormsRevenge

its only money


23 posted on 04/02/2009 9:55:28 AM PDT by GeronL (http://tyrannysentinel.blogspot.com)
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To: NormsRevenge

LOL. Wut dat flushing sound?

24 posted on 04/02/2009 9:57:27 AM PDT by M203M4 (A rainbow-excreting government-cheese-pie-eating unicorn in every pot.)
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To: NormsRevenge
So this should be considered a global tax for our portion. Obama, once again, sacrificing Americans on his global altar. All this from Mr. “Citizen of the World”.
25 posted on 04/02/2009 9:58:07 AM PDT by 444Flyer (Don't beLIEve Obama.............................Never give up, never give in, never give out!)
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To: NormsRevenge

They’re giving it away faster than they can print it.


26 posted on 04/02/2009 10:00:17 AM PDT by Mad_Tom_Rackham (What did Obama's Teleprompter know, and when did it know it...)
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To: M203M4
Mohammad, Larry and Curly.
27 posted on 04/02/2009 10:02:47 AM PDT by 444Flyer (Don't beLIEve Obama.............................Never give up, never give in, never give out!)
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To: NormsRevenge

The Goal: WORLD COMMUNISM. WORLD SOCIALISM.


28 posted on 04/02/2009 10:02:56 AM PDT by RetiredArmy (America sits on it's ass while the Marxist - Bolshevik's take over.)
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To: NormsRevenge
WHAT THE F@$@?????????????????????????????????????

who do these smiling bozo's think they are?

Please allow me to translate from ‘idiot-speak’ to American:

“LONDON (AP) - Prime Minister Gordon Brown says leaders at the G-20 summit have agreed to give $1 trillion to the International Monetary Fund and the World Bank to help struggling nations around the world.”

translation: Obama commits to taxing Americans to give money away to the One World Government bank

"Brown also says the 20 countries at the summit will enact common policies to crack down on tax havens, regulate hedge funds, and rebuild trust in the financial system to “prevent a crisis such as this from happening again.”

Translation: We will control OTHER countries governments as if we are the One World Government and we will impose our will to them. Oh and the ‘prevent this crisis’ comment has nothing to do with them, we just tossed it in to make it sound good when we tell the government that Swiss Banks will be raided by us.

"He says the G-20 nations will also give emerging powers a greater say in the world economy."

Translation: We will let small, third world countries make decisions (which will, not surprisingly, be what WE wanted to do in the first place to other countries)

WELCOME ONE WORLD GOVERNEMTN!!!!!!!

THAT IS WHY THEY ARE SO SMILING AND HAPPY!!!!

ALL HAIL OUR G-20 OVERLORDS!!!!!

29 posted on 04/02/2009 10:04:22 AM PDT by Mr. K (physically unable to proofreed (<---oops))
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To: KansasGirl

these are said to be the 20 best economies in the world - surely they all will take a share??


30 posted on 04/02/2009 10:19:50 AM PDT by elpadre (nation)
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To: M203M4

The three stooges.


31 posted on 04/02/2009 10:20:25 AM PDT by detective
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To: RC2

he is a big spender - the greatest spender of all time of tax payer’s money!!


32 posted on 04/02/2009 10:22:47 AM PDT by elpadre (nation)
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To: KansasGirl
Don't be surprised if Obama offered to secretly pay for the other countries' share with US taxpayer dollars.
33 posted on 04/02/2009 10:23:22 AM PDT by detective
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To: NormsRevenge
Pure unadulterated insanity based upon a Utopian vision of togetherness and YES it WILL lead to the downfall of our sovereign nation as we know it.

We battled this eventual happening and lost.

Time to succumb to insanity and drop the ax.

The battle is over.

.

.

.

.

.

....time to LAL.

34 posted on 04/02/2009 10:32:39 AM PDT by EGPWS (Trust in God, Question everyone else)
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To: KansasGirl

He CAN’T DO a joint press conference. It would confuse the other leaders with his infamous Teleprompter!!!!


35 posted on 04/02/2009 10:33:41 AM PDT by pollywog (I will lift mine eyes to the hills from whence cometh my help. My help comes from the Lord...Ps 121)
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To: rightwingintelligentsia
LOLOLOL~~ I posted BEFORE I read the thread!! Ditto!

He needs his teleprompter.

36 posted on 04/02/2009 10:35:05 AM PDT by pollywog (I will lift mine eyes to the hills from whence cometh my help. My help comes from the Lord...Ps 121)
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To: NormsRevenge

Is their going to be a group pictures in goofy local attire?


37 posted on 04/02/2009 10:44:01 AM PDT by w1andsodidwe (Jimmy Carter(the Godfather of Terror) allowed radical Islam to get a foothold in Iran.)
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To: rockabyebaby

We are soooooooooooooooooooo..........


38 posted on 04/02/2009 10:50:14 AM PDT by LiveFreeOrDie2001 (Best Cook on Free Republic! ;-))
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To: LiveFreeOrDie2001

SCREWED! SCREWED! SCREWED!


39 posted on 04/02/2009 10:52:18 AM PDT by rockabyebaby (We are soooooooooooooooooooooooo screwed!)
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To: rockabyebaby
SCREWED! SCREWED! SCREWED!

Can we all have an after the moment cigarette?

40 posted on 04/02/2009 10:55:36 AM PDT by EGPWS (Trust in God, Question everyone else)
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To: EGPWS
Here ya go!


41 posted on 04/02/2009 11:06:40 AM PDT by rockabyebaby (We are soooooooooooooooooooooooo screwed!)
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To: rockabyebaby
AHHHH, thanks Honey. : )

Was it good for you too baby? ~snort LOL!

42 posted on 04/02/2009 11:09:41 AM PDT by EGPWS (Trust in God, Question everyone else)
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To: rockabyebaby

and even thos’ll cost ya a little more.......


43 posted on 04/02/2009 11:16:20 AM PDT by del4hope (The only thing that is warming globally is socialism.)
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To: EGPWS

LOL!


44 posted on 04/02/2009 11:17:04 AM PDT by rockabyebaby (We are soooooooooooooooooooooooo screwed!)
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To: del4hope

Yep, here in the GAYstate aka GAYsachusetts, they’re upwards of eight bucks a pack..........


45 posted on 04/02/2009 11:17:40 AM PDT by rockabyebaby (We are soooooooooooooooooooooooo screwed!)
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Comment #46 Removed by Moderator

To: NormsRevenge
Share the WORK and the wealth will redistribute itself. It's easy, and it's free.
It would put an end to 99.9% of the oppressive social programs we're suffering with right now.

Forget the trillions. Just say "no" to sloth.

47 posted on 04/02/2009 11:21:14 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: pollywog
He CAN’T DO a joint press conference. It would confuse the other leaders with his infamous Teleprompter!!!!

No teleprompter today - that press conference is a train wreck.
48 posted on 04/02/2009 11:25:02 AM PDT by wolf78 (Cranky Libertarian - equal opportunity offender)
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To: elpadre

Russia and China will be net beneficiaries in this, they will receive money. The US and UK will foot most of the bill for this.


49 posted on 04/02/2009 11:53:16 AM PDT by Thunder90
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To: givemELL

There are reasons that Russia/”Former” Soviet Union, China, Iran, Venezuela, and others are building up their militaries. They are getting ready for the aftermath of a global economic collapse.

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.


50 posted on 04/02/2009 11:57:51 AM PDT by Thunder90
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