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UsernameSlightly Optimistic
Joined04 Feb '06  18:48
First Post04 Feb '06  20:22
Last Post03 Dec '16  14:50
Total Posts9415
Total Recommendations669

Last 10 posts


03 Dec '16  14:50
European Political Economy
And?
03 Dec '16  14:18
Financial Markets, Subprime, & The Credit Crunch
Where were we:
The distractions are coming thick and fast.

It will be recalled that the G20 was resurrected by the US to save the West after its financial checks and balances were seen to fail so spectacularly in 2008 - involving $billions of public funds. The G7 was found to be grossly inadequate for the evolving challenges of the global economy.

However the G20 has completed its short-term task, and fulfilled its purpose? It is no longer necessary? Consequently there is now a clash between the longer term aims of the G20 and the national vote winning aims of the US president-elect. As president of the global organisation, Germany has an obligation to find consensus.

Starting with the release of the papers of this public organisation. No doubt the UK foreign secretary would support this openness because he's joining others in calling for enforceable rules for global finance.

03 Dec '16  11:05
European Political Economy
The task of the G20 president, Germany, in encouraging nations to achieve global financial stability will be difficult enough in the West. No doubt why the group's Financial Stability Board hasn't really bothered.

A book 'China's Crony Capitalism' argues that eliminating corruption from China's economic and political systems is impossible because corruption is the system.

No checks and balances on global finance on which so much depends!
02 Dec '16  17:53
Financial Markets, Subprime, & The Credit Crunch
Yes, best LB gets advice.
02 Dec '16  17:39
British Political Economy
G20
02 Dec '16  17:38
Financial Markets, Subprime, & The Credit Crunch
And?

THE GREAT CONVERGENCE
02 Dec '16  17:01
British Political Economy
G20
02 Dec '16  17:00
Financial Markets, Subprime, & The Credit Crunch
And?
02 Dec '16  12:09
British Political Economy
An essay today in Foreign Affairs on the end of globalism. It asks where China and the US go now.

It seems that the UK, let alone Europe or the G20 or indeed the United Nations, are not part of the answer in shaping a new world order. Something that Germany, president of the G20, may want to take into account. Is it Washington who is preventing release of the papers referred to in the markets forum?

Nevertheless here's an extract from the essay:
Potential for convergence [*between China and US]. Obama's TPP was solely designed to enforce a set of uniform rules regardless of the particular requirements of nations at very different stages of development. Ironically, many Americans now see the agreement as unsuitable to their country's own needs. As China restructures its economy to rely less on exports and more on domestic demand and service industries, which are higher value-add, and as the US seeks to rebuild productive capacity, the two countries are in a good position to explore new approaches to expanding their trade.

Trump seems to intuitively grasp the damage done to the US by what the historian Paul Kennedy called imperial overreach. The desire by American elites to remake the world in their country's own image has cost them - and the world - dearly. The US has less than five percent of the world's population and about 20 percent of its total GDP, but it accounts for 40 percent of its total military expenditures [that figure reaches half in some years]. Trump has said that he would like to curtail such interventionism, and global elites have derided him as isolationist.

Globalism has committed suicide. A new world order has been born. Let's engage it now.

02 Dec '16  09:32
Financial Markets, Subprime, & The Credit Crunch
The distractions are coming thick and fast.

It will be recalled that the G20 was resurrected by the US to save the West after its financial checks and balances were seen to fail so spectacularly in 2008 - involving $billions of public funds. The G7 was found to be grossly inadequate for the evolving challenges of the global economy.

However the G20 has completed its short-term task, and fulfilled its purpose? It is no longer necessary? Consequently there is now a clash between the longer term aims of the G20 and the national vote winning aims of the US president-elect. As president of the global organisation, Germany has an obligation to find consensus.

Starting with the release of the papers of this public organisation. No doubt the UK foreign secretary would support this openness because he's joining others in calling for enforceable rules for global finance.


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