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Thread: G-20 to give $1 trillion to IMF, World Bank

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    G-20 to give $1 trillion to IMF, World Bank

    G-20 to give $1 trillion to IMF, World Bank
    Apr 2 10:29 AM US/Eastern
    By JANE WARDELL
    AP Business Writer

    British Prime Minister Declares ‘The New World Order is Emerging’

    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.

    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."

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

    Brown did not outline any new fiscal measures but says that the stimulus packages already announced by major nations have already been the biggest in history.
    G-20 to give $1 trillion to IMF, World Bank

    My question is whether this is instead of, or in addition to, the $845 Billion Obama would assess US taxpayers and send to the UN as part of (then) Sen. Obama's Global Poverty Bill.

    Obama plan ships dollars overseas ? by the billions
    Last edited by bhkad; 04-02-09 at 03:17 PM.

    OBL 11/24/02

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    Re: G-20 to give $1 trillion to IMF, World Bank

    And the spreading of the wealth... contiues.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by MrVicchio View Post
    And the spreading of the wealth... contiues.
    Exactly!

    The New World Order is emerging.
    Last edited by bhkad; 04-02-09 at 03:30 PM.

    OBL 11/24/02

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by MrVicchio View Post
    And the spreading of the wealth... contiues.
    You mean from each according to his means to each according to his needs?
    Where have I heard that before?

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Goobieman View Post
    You mean from each according to his means to each according to his needs?
    Where have I heard that before?
    I think a Democrat said that once, right?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by MrVicchio View Post
    And the spreading of the wealth... contiues.
    Spreading the wealth is essential to help the poorest nations escape poverty. Once they've built their economy up to a certain point, they will no longer require outside economic aid.
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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Kandahar View Post
    Spreading the wealth is essential to help the poorest nations escape poverty.
    How and when did the people of impovrished nations acquire a right to the wealth of the American people -- specifically, mine?

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Kandahar View Post
    Spreading the wealth is essential to help the poorest nations escape poverty. Once they've built their economy up to a certain point, they will no longer require outside economic aid.
    That's certainly the theory. But it doesn't always happen that way, does it? In fact, it may seldom happen that way. Notable exceptions being post WWII Germany and Japan.

    OBL 11/24/02

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Goobieman View Post
    How and when did the people of impovrished nations acquire a right to the wealth of the American people -- specifically, mine?
    I don't do moralistic arguments. I do economic arguments. If you want to discuss the economics of this, I'd be happy to oblige. There's really nothing to discuss in regards to the morality of this, as my values are obviously different from yours.
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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Kandahar View Post
    I don't do moralistic arguments. I do economic arguments.
    So, you can't tell me when and how they got that right.
    Given that, you'll understand and accept my absolute opposition.

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