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This is from the G20 communique
"We agree to a framework of internationally agreed upon high standards. We will set up a financial stability board with a strengthened mandate to extend regulation and oversight to all systemically important financial institutions, instruments and markets" -- including hedge funds, all -- anything that they decide is important to the system -- "to endorse and implement tough new principles on paying (ph) compensation and to support sustainable compensation schemes and the corporate social responsibility of all firms." This means that the FSB, this newly created board, Financial Stability Board, patterned on the Financial Stability Forum that now exists, headed by an Italian banker, populated largely by the European bank executives, will make the decisions on what standards our own SEC and Federal Reserve board should apply to all firms in the United States of any significant size about executive compensation, market activities, and a whole range of issues that used to be under free enterprise reserved for private decision making. And we were worried about our govt being socialist and corrupt.. We have a much larger picture to worry about now. |
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ghostrider (04-03-2009) | ||
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Obama's star shines bright in London
Quote: LONDON — Maybe it should have been called the O-20. Just over two months into his presidency, Barack Obama commanded center stage at this high-wattage gathering of the world’s industrialized nations, vacuuming up attention both inside the summit and throughout a sophisticated city not easily star-struck. Obama proclaimed at the end of the conference that his country would be more humble in the world, but there was nothing modest about the attention he received. His profile was so immense that it threatened to diminish both the global summit itself and the protests taking place on the streets of London. “Never mind the stimulus, who sat next to the president?” read a front-page headline in The Guardian about the G-20 dinner that only seemed partly in jest. At the summit’s close, Obama proclaimed himself pleased with the results — calling the event a “turning point” in the effort to reverse the global economic meltdown. The world leaders called for $1.1 trillion in loans and financial guarantees for poor countries largely through the International Monetary fund, and a new global Financial Stability Board to warn of a future financial crisis. As always wanting to seize control of Obama’s public image, the president’s aides took steps to ensure that he was seen as not just as a celebrity astride a gushing audience but a statesman taking a leadership role during his debut on the world stage. A press briefing for White House reporters was hastily called Thursday afternoon just minutes after the summit’s communiqué was issued so a senior administration official could tout the president’s pivotal role in brokering a compromise between the French and Chinese on tax havens that the official said had threatened to derail the meeting. The French have pushed for a brighter light to be shined on those jurisdictions in violation of tax standards while the Chinese have stoutly refused to even recognize such a list; Obama, pulling aside leaders of both countries first separately and then together, hashed out a compromise to “note” the existence of a list. “I’d suggest we might still be there had he not done this,” said the administration official who briefed White House reporters. Obama, mindful of his outsized role, was modest about how he fared here, saying at the press conference at the end of the summit that he thought “we did OK” and noting he wanted to listen and learn at what was his first international conference. The final agreement stopped short of Obama’s hopes that individual European nations would do their own economic stimulus at home, as Obama did here in the United States. But a senior administration official assured that a new financial entity created out of the summit was not the global regulatory body some Europeans had sought — and Wall Street has feared — but only an “international coordination body.” Obama’s news conference itself demonstrated just how large Obama’s footprint was here. British Prime Minister Gordon Brown may have been the host, but his afternoon briefing was dwarfed by the new American president. The line to get in stretched about 500 feet down a long hallway at the convention center hosting the conference and the 800 seats were all full inside, prompting scores of reporters to line the walls. When Obama arrived, dozens of the print reporters in the audience stood to take their own keepsake photographs on camera phones and BlackBerrys behind the news photographers thronging the entire width of the vast stage. When the president departed after nearly an hour, dozens more reporters offered him applause — something one veteran reporter who has covered the globe for decades said he could not recall seeing except for in authoritarian nations. In between, a veritable auction broke out when Obama said he would intersperse questions from international journalists. Reporters shouted out the name of their country or continent to plead that he call on them. “You know, we’re not doing bidding here,” Obama joked, winning titters from the fawning correspondents. After the press conference, a beaming Swiss reporter turned to an American colleague. “Your president is just so impressive,” she said. “Is he always so relaxed and open?” Earlier a Moscow TV crew had come around to the American section of the press file center asking if reporters would go on camera to discuss Obama. But it wasn’t just reporters swooning. Indian Prime Minister Manmohan Singh, leader of the world’s largest democracy, used part of his one-on-one session with Obama to ask for an autograph on behalf of his daughter (or so he said). Nor was the adulation limited to the president. An afternoon visit to an all-girls high school by Michelle Obama prompted shrieks, cheers and even tears among the students. “Michelle Is Mint Green Queen of Fashion” read one Daily Telegraph headline over a story showing three pictures of the first lady Throughout London, locals strained to catch a glimpse at the hottest new American import. One of the more popular shirts was the iconic red-and-white Tube logo with “Obama” swapped out for “Underground” “Well, I suppose something has to go wrong at some point, but he is rather wonderful, isn’t he?” one Briton was quoted in The Guardian. I would like to thank the Pubs for making this happen.
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Cautio, sus ulter ius hic.
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Hi, Hog. Welcome to the thread. We were discussing the powerful, wealthy global interests that seem dead-set on basically enslaving the entire planet by finally bringing down the last, best nation for securing some type of basic liberty for common folk.
While I can appreciate your need to post fan-boy tripe in favor of your Dear Leader, it would help the furtherance of the debate if you could actually stay on topic. Do you, or do you not, have an opinion regarding the NWO, the liberty of common citizens, and the role Obama will or will not play in the fight between the two? |
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Cautio, sus ulter ius hic.
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As many economists have stated, as 2d and 3d world countries see jobs come to them from other countries (such as the US of A), they will slowly demand more and more benefits and higher pay. As their standard of living increases, so too will their expectations of living conditions. So, people, what we will have is a juxtaposition of the old American way of life to other other places. China is a prime example. With all the hoopla about how Capitalism does not work, how does a Communist state skirt both sides and still have a leg up on America? Other countries will see their wealth and status increase, thereby increasing demands put upon their govt while at the same time America will be in a slow decline with jobs and manufacturing dissolving. The Cap and Trade will be a factor in America's demise and we will eventually realize this when we see other countries prosper. Eventually, years later, Americans will realize the falsehood of Socialism and turn the course, much like Russia and China have realized over the last few years. Proof is in the pouding. Think about it.
Last edited by Deleted by Request; 04-03-2009 at 08:39 PM. |
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Hog&Tow (04-03-2009) | ||
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Quote:
![]() Shut up, Hog. Please. This is pointless drivel. If you're angry at someone else, address them. |
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BTW, the post I just put up above is by my own thoughts. Not derived by some NeoCon or Left wingnut. It would be great to see more original, insightful thoughts by members here. I have been guilty reciting journalistic crap (diatribes) but God how I wish people would come up with more individual opinions besides various rants.
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Quote:
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Cautio, sus ulter ius hic.
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ghostrider (04-03-2009) | ||
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Quote:
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http://save-a-vet.org./ |
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