G20 Outcome - An Unmitigated Disaster for Humanity

By: Brian_Bloom

Attached is a video of Gordon Brown making his summary wind-up speech.

http://www.breitbart.tv/?p=311333

This speech contains everything I had feared would be the outcome, because:

1. Whilst it appears to more fairly allow political power to be spread from the US/UK to include the other G20 nations, this is not the reality. The US Dollar and a globally regulated private banking system will remain as the mechanisms for measuring and controlling the world economy. This will ensure that the thought processes of the other 18 countries will ultimately remain "governed" by the mechanisms of the US Federal Reserve Board. Ultimately, the world economy will remain under the control of those privately owned banking interests which control the US Fed; in particular, the owners of the owners of the New York Federal Reserve Bank - of which the Bank of England is one. By means of the G20 summit, this has now been formalised.
2. It seeks to entrench Keynesian economic policy above the wisdom espoused by the Austrian School of economics. The emphasis will therefore be on economic stimulus without reference to any focus on how/where that stimulus will be applied. In turn, this will entrench "inflation" as the means by which riches may be amassed in the future and it will further de-emphasise the importance of entrepreneurial endeavour. It will therefore become ever more difficult for entrepreneurs to raise capital and ever more important for entrepreneurs to be socially and politically well connected.
3. It seeks to use low interest rates as a means of seducing consumers and businesses to continue borrowing in order to drive economic growth. The outcome of this will be the enslavement of consumers by the banking system and a further entrenchment of the power of the lending banks as interest rates inevitably rise because of built-in monetary inflation.
4. It seeks to further de-emphasise gold as a currency by pledging the proceeds of sales of hundreds of tons of gold (worth US$50 billion) to help the world's poorer nations. Note how all other "stimulus" measures refer to trillions of US Dollars and SDR's denominated in US Dollars, but only this particular initiative - which tugs at the human heart strings - refers to gold. This single act was, in this analyst's view, the "feint" that allowed the US Dollar to remain in place as the King of currencies. The attention was deflected away from the dollar and towards gold.
5. It "appears" to seek to fuel the engine of international trade by putting further borrowing/lending facilities in place for this specific purpose. We should not be fooled by this apparently enlightened initiative. It implies that "affordability" by reason of prior wealth creation within a particuar country will be trumped by loans against future wealth creation activities within that country. In cases where the borrowing country does not yet have this wealth creation capacity and is not yet well placed to create this capacity, the borrowing country will eventually become beholden to the lending country - which, ultimately, will be lending in US dollars. By extention, if the borrowing country is rich in resources but poor in industrial activity, the end result will be "ownership" of the poorer country's resources by the rich lending country because "Debt:Equity swaps" will be the inevitable outcome.
6. Finally, and for the primary purpose of closing a potentially important loophole, any private entrepreneur who seeks to 'clandestinely' accumulate capital will no longer be able to do this by way of a tax haven. This insistence on transparency is almost certainly motivated more by the need to protect the interests of the entrenched power base against the possibility of being blindsided at some point in the future, than by the need to ensure fairness to the ordinary individual in the street. In a fiat currency environment, governments are no longer as focussed on balancing their budgets as they once were and, therefore, tax based cash flows are not as important as they once were. Why this sudden interest in tax havens?

The above, if meekly accepted by the voting public, will be an unmitigated distaster for humanity as a whole. Slowly but surely, this so-called "New World Order" will ensure that privately owned banks will increase their stranglehold grip over the world economy.

Above all, the results of this G20 meeting make it crystal clear to anyone who has an understanding of the mechanism of banking, that "control" of the world economy will be inexorably wielded by the bankers, and that any threat to that control will not be tolerated. Money is power and, in succumbing to that power, the world (if it accepts the G20 results) will lose its freedom.

The above represents what we should not be doing.

What we should be doing is:

• Nationalising the lending activities of banks and withdrawing from this segment of private enterprise the unique privilege of being able to borrow one dollar and re-lend that same one dollar up to ten times. Such a privilege virtually guarantees an unlevel entrepreneurial endeavour playing field.
• Shifting the attention of democratically elected governments away from Keynesian policy of unfocussed investment in "infrastructure" towards an embracement of the Austrian school thought processes which are more concerned about the principles of "wealth creation". It will be entreneurial endeavour that will produce future economic growth - as it has ever been in the past. Support of entrepreneurial endeavour, specifically, is the area on which governments should be focussing to stimulate job and wealth creation
• Emphasising the importance of consumers being able to afford what they purchase so that it re-inforces the work ethic. "If you want it badly enough, then work and save for it". This will further encourage entrepreneurial activity because it will focus the urge to accumulate wealth on activities which genuinely create wealth and it will deflect the urge to accumulate wealth away from activities which are calculated to beat the system.
• Refocusing the attention away from fossil fuels and towards those alternative energy paradigms which will empower humanity across the planet and allow the level in the wealth bathtub (and standards of living) to rise for all; not just a select few.

Above all, the world needs to ensure that the thought processes of society's leaders are guided by integrity. This implies the need for an "eligibility" to assume a public office; and that important elements of this eligibility need to be personal integrity and a track record of ethical and morally upright behaviour.

It is now up to the media (including the entertainment film and TV industries) and religious leaders. If the media and religious leaders drop the ball on this one and accept the G20 outcome with praise rather than with cynicism, then we will have just witnessed the beginning of the end of personal freedom. The population of the world will begin to shrink as the poor are further impoverished notwithstanding the cynical lip service gestures of the G20 to "combat poverty". Not one sensible word was uttered as to how this might be achieved.

By Brian Bloom

www.beyondneanderthal.com

Beyond Neanderthal is a novel with a light hearted and entertaining fictional storyline; and with carefully researched, fact based themes. In Chapter 1 (written over a year ago) the current financial turmoil is anticipated. The rest of the 430 page novel focuses on the probable causes of this turmoil and what we might do to dig ourselves out of the quagmire we now find ourselves in. The core issue is “energy”, and the story leads the reader step-by-step on one possible path which might point a way forward.  Gold plays a pivotal role in our future – not as a currency, but as a commodity with unique physical characteristics that can be harnessed to humanity's benefit. Until the current market collapse, there would have been many who questioned the validity of the arguments in Beyond Neanderthal. Now the evidence is too stark to ignore.  This is a book that needs to be read by large numbers of people to make a difference. It can be ordered over the internet via www.beyondneanderthal.com

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