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G-20 Agrees To Grow Global Economy By $2 Trillion, Has No Idea How To Actually Achieve It

Tyler Durden's picture





 

Apparently all it takes to kick the world out of a secular recession and back into growth mode, is for several dozen finance ministers and central bankers to sit down and sign on the dotted line, agreeing it has to be done. That is the take home message from the just concluded latest G-20 meeting in Syndey, where said leaders agreed that it is time to finally grow the world economy by 2% over the next 5 years.

The final G-20 communiqué announced its member nations would take concrete action to increase investment and employment, among other reforms. "We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than 2 percent above the trajectory implied by current policies over the coming 5 years," the G20 statement said.

Australian Treasurer Joe Hockey, who hosted the meeting, sold the plan as a new day for cooperation in the G20.

"We are putting a number to it for the first time -- putting a real number to what we are trying to achieve," Hockey told a news conference. "We want to add over $2 trillion more in economic activity and tens of millions of new jobs."

And to think all it took was several dozen of politicians sitting down for 2 days in balny Syndey and agreeing. So over five years after the start of the second great depression the G-20 has finally agreed and decided it is time to grow the economy: supposedly the reason there was no such growth previously is because the G-20 never willed it... 

There is only one problem: the G-20 has absolutely no idea how to actually achieve its goal of boosting global output by more than the world's eighth largest economy Russia produces in a year. Nor does it have any measures to prod and punish any laggards from this most grand of central planning schemes. From Reuters:

There was no road map on how nations intend to get there or repercussions if they never arrive. The aim was to come up with the goal now, then have each country develop an action plan and a growth strategy for delivery at a November summit of G20 leaders in Brisbane.

 

"Each country will bring its own plan for economic growth," said Hockey. "Each country has to do the heavy lifting."

 

Agreeing on any goal is a step forward for the group that has failed in the past to agree on fiscal and current account targets. And it was a sea change from recent meetings where the debate was still on where their focus should lie: on growth or budget austerity.

So who is the mastermind behind this grand plan? Why the IMF of course: "The growth plan borrows wholesale from an IMF paper prepared for the Sydney meeting, which estimated that structural reforms would raise world economic output by about 0.5 percent per year over the next five years, boosting global output by $2.25 trillion."

The same IMF whose "forecasts" can best be summarized in the following chart (which will be revised lower shortly to account for all the snow in the Northeast US):

 

Aside from this idiocy, the other topic under boondoggle discussion was the fate of the taper, and specifically how emerging markets will (continue to) suffer should the Fed continue to withdraw liquidity. Here, once again, the developed nations won out, leaving the EMs, and particularly India's Raghuram Rajan - who has been pleading for far more coordination between central banks in a time of globla tightening - high and dry.

  • RBI'S RAJAN: POLICY TIGHTENING MUSTN'T UPSET GLOBAL ECONOMY
  • RAJAN SAYS INFLATION IS HURTING GROWTH
  • INDIA'S RAJAN SAYS BRINGING DOWN INFLATION BIGGEST CHALLENGE
  • RAJAN: DEVELOPED, EM NATIONS AGREE ON NEED TO CALIBRATE POLICY

What inflation? As for coordination, here is what the G-20 did agree on: whatever Yellen says, goes:

Financial markets had been wary of the possibility of friction between advanced and emerging economies, but nothing suggested the meeting would cause ripples on Monday. "The text of the communiqué indicates that the standard U.S. line that what is good for the core of the world economy is good for all seems to have won out," said Huw McKay, a senior economist at Westpac, noting there was nothing that could be taken as "inflammatory" about recent volatility in markets.

 

There was a nod to concerns by emerging nations that the Federal Reserve consider the impact of its policy tapering, which has led to bouts of capital flight from some of the more vulnerable markets.

 

"All our central banks maintain their commitment that monetary policy settings will continue to be carefully calibrated and clearly communicated, in the context of ongoing exchange of information and being mindful of impacts on the global economy," the communiqué read. There was never much expectation the Fed would consider actually slowing the pace of tapering, but its emerging peers had at least hoped for more cooperation on policy.

 

Hockey said there had been honest discussions among members on the impact of tapering and that newly installed Fed Chair Janet Yellen was "hugely impressive" when dealing with them.

Indeed, in the three weeks that Yellen has been Chairmanwoman, she has been truly hugely impressive. It's the next three years that may be more problematic.

 


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Sun, 02/23/2014 - 11:03 | Link to Comment AreaMan
AreaMan's picture

"I Got this"-- The Bernanqe

Sun, 02/23/2014 - 11:12 | Link to Comment jbvtme
jbvtme's picture

"We want to add over $2 trillion more in economic activity and tens of millions of new jobs."  get the fucking hook

Sun, 02/23/2014 - 11:30 | Link to Comment HyBrasilian
HyBrasilian's picture

They'll send Krugman around with a bag of rocks on a window breaking spree... After that comes the alien invasion...

~~~

MOAR GROATH [on a finite planet]... Mr. Anderson was right...

Sun, 02/23/2014 - 11:35 | Link to Comment Oliver Jones
Oliver Jones's picture

Moar growth is possible - we just need some major contractions, first.

And we'll get them, too - count on it.

Sun, 02/23/2014 - 11:49 | Link to Comment Meat Hammer
Meat Hammer's picture

You guys fell for it again.  You think they're lying or incompetent but they're telling the God's honest truth.  

Read the words again.  "We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than 2 percent above the trajectory implied by current policies over the coming 5 years," the G20 statement said.

OURS, as in theirs, as in TBTB's GDP, as in go fuck yourselves, serfs.   

Sun, 02/23/2014 - 11:53 | Link to Comment BoNeSxxx
BoNeSxxx's picture

"the G-20 has absolutely no idea how to actually achieve its goal of boosting global output"

Sure they do... Control+Alt+Print

Sun, 02/23/2014 - 11:56 | Link to Comment HyBrasilian
HyBrasilian's picture

All your GROATH are belong to us...

Sun, 02/23/2014 - 12:44 | Link to Comment Bananamerican
Bananamerican's picture

hockey pucks promising hockey sticks

Sun, 02/23/2014 - 12:51 | Link to Comment NoDebt
NoDebt's picture

Dovetails perfectly with Obama's statement "the era of austerity is over" last week.

I don't think we have anything to fear from the coming NWO, because it's already here.

Sun, 02/23/2014 - 13:08 | Link to Comment remain calm
remain calm's picture

Simple. If we collectively give away 2 trillion dollars in free goverment aid (food stamps, disability checks, energy vouchers, health care stipends, job retraining grants)  we will have achieved our goals. And fuck the unborn, they will pay for it.

Sun, 02/23/2014 - 13:23 | Link to Comment Headbanger
Headbanger's picture

No...  The obvious translation of it is:  "Let them eat cake!"

Sun, 02/23/2014 - 15:48 | Link to Comment boogerbently
boogerbently's picture

We are all 50% better looking.....all in favor........

Sun, 02/23/2014 - 16:00 | Link to Comment DeadFred
DeadFred's picture

I for one am disappointed they didn't decree world peace while they were at it.

Sun, 02/23/2014 - 20:26 | Link to Comment StychoKiller
StychoKiller's picture

The surface of a planet is NOT the correct place for an advancing technological society. -- R.A. Wilson

Sun, 02/23/2014 - 13:31 | Link to Comment johnQpublic
johnQpublic's picture

if i could just figure out a way to make my cancer grow faster.....

Sun, 02/23/2014 - 13:37 | Link to Comment Anusocracy
Anusocracy's picture

The World's Fucker-uppers claiming the role of World Fixer-uppers.

What could go wrong with that?

Sun, 02/23/2014 - 16:12 | Link to Comment XitSam
XitSam's picture

Wrong. Wrong. Wrong. Two trillion will not go to food stamps or disability checks or health care.  It will go into bankers pockets. Don't you know how the system works?  You got the payer right though.

Sun, 02/23/2014 - 13:45 | Link to Comment Offthebeach
Offthebeach's picture

I was really hoping for 3 trillion groath.

Forward Green Shoots !

Sun, 02/23/2014 - 20:30 | Link to Comment StychoKiller
StychoKiller's picture

I know, I'll just bump up the prices on the pictures I've already created; that should be good for another $1000 FRNs, easy!

Sun, 02/23/2014 - 12:28 | Link to Comment LMAOLORI
LMAOLORI's picture

 

 

@BoNEsXXX

 

Fed Lying About QE, Media Not Paying Attention

 

SNIP

The Fed’s balance sheet for the week ended January 2, 2013, showed $2.9603 trillion in assets. A year later, the balance sheet for the week ended January 1, 2014, showed $4.0661 trillion in assets. So the Fed had added $1.106 trillion to its balance sheet during that year – $85.8 billion more than it had announced. It had in fact added on average $92.2 billion a month, not the bull-malarkey $85 billion that it kept telling the Wall-Street media circus. That's $7.2 billion a month more than announced.

And thus, the Fed’s monetization of the Federal debt exceeded the $883-billion deficit of calendar year 2013 not by 15.5% but by 25.2%!

Sun, 02/23/2014 - 12:40 | Link to Comment Abi Normal
Abi Normal's picture

Sure they will grow it by digitizing (ctrl-alt-print is so 19th century), $2 trillion in fiat monopoly money, as DEBT, the morons!  These cupcakes called finance ministers need a lesson in sound money...not this keynesian BS...F'em!

Sun, 02/23/2014 - 15:49 | Link to Comment boogerbently
boogerbently's picture

It's the "new Math".

You just don't understand.

Mon, 02/24/2014 - 05:17 | Link to Comment dannyboy
dannyboy's picture

That's because the fed also uses the interest it recieves from the assets it holds on its sheet and re-invests those dividends and recievables into repurchasing the assets. So yeah its 85Billion in printing and whatever is gained in income from those assets aswell.

Sun, 02/23/2014 - 18:30 | Link to Comment ThroxxOfVron
ThroxxOfVron's picture

The problem is the accumulation of debt/assets which are simply draining further and further resources into the hands of the wealthy who do not actually spend/consume the extra wealth.  The further accumulation of interest/reserve capital by the wealthy is being used to bid up existing assets: causing stagnation, bubbles, mal-investment, and throttling demand/consumption.   It's the classic end game of a the debt based fiat system.  The fact is: the interest to pay the debts off has never existed -and mathematically cannot exist.  

QE was/is a form of stealth restructuring aimed primarily at saving the wealthy from taking the full brunt of the rolling defaults of 2008/2009/etc....  Yet, the printing press can only do so much: the printed money used to buy up failed debt-assets at or near par by and large was simply used to bid up the same or similar debt-assets securities, bonds, real estate, equities, etc...

-The wealthy don't know what else to do but seek vig.  -The wealthy generally simply aren't really creators of real wealth so much as loan-sharks and skimmers.  It's easy to just buy .GOV debt and equities and clip coupons on the yacht/beach/roof-deck...

Restructurings, bail-ins, cram-downs, confiscations, -and outright defaults; will allow room for further growth.

Everyone with a clue as to how the system is really organized and maintained understood well before the debt saturation/collapse of 2008/2009 that the burdensome and ultimately unsustainable debts must and will be diminished or restructured or written off one way or another somehow...

The Banksters/Oligarchy have apparently agreed to some amount of restructuring and/or debt relief now that the Governments/Central Banks have been forced to cover the worst of their lost bets/failed debt-assets.

Now, as to WHO is going to be bailed in/crammed down, when and how...???

Sun, 02/23/2014 - 12:34 | Link to Comment jerry_theking_lawler
jerry_theking_lawler's picture

Isn't this easily achieved with printing? Isn't that where most of our 'growth' has come from in the pat 7 years anyways...inflating currencies that drive YoY increases but which aren't really increases.....

Someone, please feel free to correct me where I am mistaken.

Sun, 02/23/2014 - 12:39 | Link to Comment HyBrasilian
HyBrasilian's picture

Yeah ~ It's sort of like making potato chip packages larger & more billowy ~ while putting less potato chips into them to weigh them down... Look sheeps! They're FLYING off the shelves!

 

Sun, 02/23/2014 - 20:32 | Link to Comment StychoKiller
StychoKiller's picture

Fill the bags with helium, then they'll just float off the shelves! :>D

Sun, 02/23/2014 - 12:49 | Link to Comment Urban Redneck
Urban Redneck's picture

Just "printing" (in the sense of producing relatively sterilized excess bank balance sheet reserves) doesn't deliver what they seek (other than propping up insolvent banks and thereby the status quo with a ~1% skim/kicker).

What they seek is probably be a 20% margin (un-sterilized and pure profit transfer) to those at the all-seeing eye atop the social pyramid.

Sun, 02/23/2014 - 12:42 | Link to Comment Urban Redneck
Urban Redneck's picture

+10

Certain people know exactly how they intend to achieve this. The framework already exists as the foundations started being laid 15 years ago (and Afghanistan and Iraq were only the least profitable wars that President Shrub fought on an ROI basis). The IMF is actually a bit player in the larger BBCCI complex (Bureaucrat, Banker, Consultant, Commercial & Industrial complex). The plan involves more wealth transfer from the have-nots to the haves by increasing debt-burden on those who can least afford it, as well as a pre-packaged globalist regulatory capture and financial exploitation package (masked as wealth transfer from developed to emerging economies which is actually a public-purse-to-private-profit recycling scheme) which makes that ideologically biased piker John Perkins look like the 12th man on the deal team... Bend over and get ready for the BBC (Big Bankster Cock) ass-raping and balance sheet plundering of least at a generation.

The two critical obstacles to successful execution are keeping the sheeple in line while maintaining the status quo CB Ponzi scheme.

Sun, 02/23/2014 - 20:33 | Link to Comment StychoKiller
StychoKiller's picture

Sorry, but confiscating my savings acct ain't gonna put me in the proper mood for making side-tables for TPTB!

Sun, 02/23/2014 - 11:29 | Link to Comment SafelyGraze
SafelyGraze's picture

"the G-20 has absolutely no idea how to actually achieve its goal of boosting global output"

well!

to begin with, we can agree to increase bonus for the financial rank-and-file whose work is necessary for any global recovery

that's almost a trilliion right there

also we can agree to go ahead and help more people achieve their dream of buying a new home

hugs,
linda green

 

Sun, 02/23/2014 - 13:14 | Link to Comment HyBrasilian
HyBrasilian's picture

 "achieve their dream of buying a new home"

~~~

& getting edumucated [with an online degree ~ in their pajamas ~ at Southern Phoenix New Hampshire, ITT Tech] ~ just like fonestar!

 

Hey fonestar...Do your pajamas come with 'nano' pocket ~ & 'HOTPOCKET' protectors'... & seams where you can sew in BTC wallets for border crossings?...

That kinda shit might come in handy if someday you need to hightail it outta here, captivate the local warlords, & become the eventual high tech guru in BUTTFUCKISTAN...

Mon, 02/24/2014 - 09:35 | Link to Comment thestarl
thestarl's picture

Yeah paying slave wages.These bunch of cunt flaps can't even hide the fact that their totally clueless.Like all those IOC official arseholes these IMF stooges are just on this gravy train peddaling misery

Sun, 02/23/2014 - 11:23 | Link to Comment Jumbotron
Jumbotron's picture

Easy Peasy.  It's a two step process.  First, we confiscate depositor's assets.    Step two, we print.   See....easy.

 

 

Sun, 02/23/2014 - 11:28 | Link to Comment Sudden Debt
Sudden Debt's picture

I got this I got this!
REDISTRIBUTION OF WEALTH!!

take the money from everybody
and give it to those who need it most...
the 0.000000000000000001% or... me

AND THAN WE LET THE WEALTH TRICKLE DOWN AND CHANNEL THE MONEY TO THE PLEBS OVER A TIMESPAN OF 2000 YEARS!!!

NOW THAT'S A PLAN!!!!

Sun, 02/23/2014 - 11:37 | Link to Comment agent default
agent default's picture

An increase in taxes and possibly a one off (yeah right) tax on all assets is definitely part of their agenda.  Hence the attack on bank confidentiality spearheaded by G20 and the OECD.

Sun, 02/23/2014 - 12:43 | Link to Comment Abi Normal
Abi Normal's picture

Bingo, from each according to his ability, to each according to his need!  It's really quite simple!  Marxism is alive and well here in the good ol USSA!!!  Oboingo is seeing to it that he transforms Amerika all right...the rat bastard!

Sun, 02/23/2014 - 11:54 | Link to Comment Sean7k
Sean7k's picture

Isn't that just two platinum trillion dollar coins? 

Sun, 02/23/2014 - 20:36 | Link to Comment StychoKiller
StychoKiller's picture

It's either that or someone's gonna have to get off their Hoverround, put down the Cheetos, climb the basement stairs, go to the local machine shop and start milling Space Shuttle rocket parts!

Sun, 02/23/2014 - 11:23 | Link to Comment Sudden Debt
Sudden Debt's picture

15 MINUTES ON A WEEKDAY, 16 ON SATURDAY AND 17 MINUTES ONA SUNDAY!!

LET'S ROLL ANGELS!!!

Sun, 02/23/2014 - 14:43 | Link to Comment ZH Snob
ZH Snob's picture

well, one way to get that growth would be to install a puppet regime in, let's say, Ukraine.  you know the drill: get the central bank, debt thing going, strip away all the natural resources, manufacturing, wealth and industry, etc. and if that doesn't work out they can always turn it into the big world war they need to distract everyone from their criminal enterprise that has finally reached its inevitable demise.

Sun, 02/23/2014 - 11:04 | Link to Comment Seasmoke
Seasmoke's picture

All they have left are words.....meaningless words. 

Sun, 02/23/2014 - 11:20 | Link to Comment Winston Churchill
Winston Churchill's picture

"Let them eat cake" comes to mind.

Roll the guillotines also does.

Sun, 02/23/2014 - 11:34 | Link to Comment kaiserhoff
kaiserhoff's picture

Funny.  Last night the pooch and I agreed to increase our stash of gold and silver by $1 Trillion.

This morning, it turns out that I thought she had a plan, and she thought that I had a plan.

Der damn dog needs weniger wein zu trinken.

Sun, 02/23/2014 - 11:30 | Link to Comment Sudden Debt
Sudden Debt's picture

words...
it's what gets you laid.

Sun, 02/23/2014 - 11:30 | Link to Comment BandGap
BandGap's picture

Truly disappointed there was no mention of sugarplum fairies.

 

Sun, 02/23/2014 - 11:36 | Link to Comment kaiserhoff
kaiserhoff's picture

This is international.  Let's leave the Nobel Laureat out of it;)

Sun, 02/23/2014 - 12:44 | Link to Comment Abi Normal
Abi Normal's picture

Yes, a tragedy!  But there is always unicorn skittles?

Sun, 02/23/2014 - 17:45 | Link to Comment TBT or not TBT
TBT or not TBT's picture

Unicorns that conveniently piss watermelon flavor Arizona Iced Tea and shit skittles. For the rest of the purple drank recipe you have to use your SNAP/EBT/Obamacare subsidies at your government regulated pharmacy.

Sun, 02/23/2014 - 12:04 | Link to Comment BeanusCountus
BeanusCountus's picture

Reuters:

After reaching agreement on the actual growth of the global economy, leaders then split off into separate workshops to plan government spending of the increase in tax receipts.  Many came out of the workshops, hosted by Goldman Sachs, impressed with the concept of packaging the future tax receipts into securitized products on Monday, and selling them to individual investors with guaranteed rates of return exceeding 10% annually.  Lloyd Blankfein, Chairman, commented that the "securities" represent a terrific investment for retirement plans across the globe, even going so far as to suggest regulations that require specific allocations of the products in each investor's portfolio.  "Now that we have that growth thing out of the way, it's about time that investors step up to the plate.  For their own good of course."  The products contain a 25% upfront load charge, with Goldman Sachs and JP Morgan Chase the lead underwriters.

Sun, 02/23/2014 - 12:27 | Link to Comment max2205
max2205's picture

Bankers own u...clear as day

Mon, 02/24/2014 - 00:06 | Link to Comment The Final Straw
The Final Straw's picture

...and pens and phones.

Sun, 02/23/2014 - 11:04 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Clearly transferring $2 trillion from the middle class to the billionaires will do the trick.  If not do another $2 trillion.

 

Sun, 02/23/2014 - 11:13 | Link to Comment PT
PT's picture

I have an idea.  If we artificially jack up the prices of real estate and equities then the 99% will have to borrow more money and then we can increase the economy by $2 trillion, or any other trillion we desire!  Can I have a Prize now?

Sun, 02/23/2014 - 11:17 | Link to Comment PT
PT's picture

Not only that, my idea involves people borrowing more money so the bankers will get extra bonuses all round!  Win-win!

 

 

 

EDIT:  Free Idiot Pills with every Bankster, I mean Nobel Prize for Economics.  Yum Yum!

Sun, 02/23/2014 - 11:43 | Link to Comment Doubleguns
Doubleguns's picture

Shoot bankers and sell expensive looking coffins called banker vaults. Jamie is probably good for a 4 million banker vault. 

Sun, 02/23/2014 - 11:17 | Link to Comment ultimate warrior
ultimate warrior's picture

1. Print money
2. Have people spend money
3. .........
4. Profit

Sun, 02/23/2014 - 11:21 | Link to Comment PT
PT's picture

1 1/2. People borrow money.  Banksters get lovely bonuses.

 

FIFY

Sun, 02/23/2014 - 11:32 | Link to Comment PT
PT's picture

Step 1.  Give banksters $200 trillion dollars.
Step 2.  Surely that will be enough to ensure that at least $2 trillion will leak into the rest of the economy. 
Step 3.  If not, then you might have to give the banksters some more money.
Step 4.  If all else fails, steal everyone's money and land.  Then lend it back to them.  But you might have to print some more money and lend that to them too.

Sun, 02/23/2014 - 11:54 | Link to Comment DetectiveStern
DetectiveStern's picture

They need to invest in underpants.

Sun, 02/23/2014 - 12:46 | Link to Comment Abi Normal
Abi Normal's picture

...or is it crayon pants? hmmm

Sun, 02/23/2014 - 14:12 | Link to Comment Anusocracy
Anusocracy's picture

A clown suit for every government worker in the world.

Sun, 02/23/2014 - 11:31 | Link to Comment BandGap
BandGap's picture

Raise the global minimum wage. There, fixed.

Sun, 02/23/2014 - 11:05 | Link to Comment texas sandman
texas sandman's picture

Yeah, well I decided I'm going to look like George Clooney, and I most probably have a better plan that these trouser stains.

Sun, 02/23/2014 - 11:08 | Link to Comment canstacker
canstacker's picture

2 trill? No problem, We can just conjure it into existence. Oh yeah, we may have to put the taper off for a bit though. Maybe we could just--LOOK TERRORISTS!!!!!

Sun, 02/23/2014 - 11:30 | Link to Comment the question
the question's picture

LOL

Mon, 02/24/2014 - 09:51 | Link to Comment thestarl
thestarl's picture

I was thinking that about time they roll out the old terrorist bogeyman

Sun, 02/23/2014 - 11:11 | Link to Comment R_Soles
R_Soles's picture

Just print up 100T per month everybody. Then it'll cost 100$ for a loaf of bread but the GDP'd will grow wildly. Misiion accomplished. As for all these jobs created? Simple, in a lot of countries everyone will be working forthe government in the military like in North Korea where there is zero unemployment. Imagine that-we did it-eliminated unemployment. Now, to give all those military folks something to do..HMMMMM

Sun, 02/23/2014 - 11:15 | Link to Comment Theta_Burn
Theta_Burn's picture

Sounds like they need a bigger war this time

Sun, 02/23/2014 - 11:17 | Link to Comment tickhound
tickhound's picture

The search for growth continues... Under couch cushions, in cookie jars.

"Tens of millions of new jobs" in 5 years."

Three easy steps: 1. Ban any further development in automated labor. 2. Human population explosion. 3. War

Sun, 02/23/2014 - 11:17 | Link to Comment falak pema
falak pema's picture

 If only they could jubilee the debt of governments and banks by shutting down the casino, bailing in the banksta wealth by imploding the Caymanista enclaves of Oligarchy, eviscerating it of all their scammed wealth in one fell stroke of transparency. 

Then I would believe them ! 

Yakka Yakka Yakka at OK corral of thieves desperate to rustle the world. 

Sun, 02/23/2014 - 11:58 | Link to Comment Spastica Rex
Spastica Rex's picture

I'm with you, but the world would look quite different than it does today, or did for the last 60+ years.

Sun, 02/23/2014 - 12:05 | Link to Comment trader1
trader1's picture

+1

that debt overhang is what's keeping the entire world in shackles.

if capitalism is to survive, then creditors and the wealthy need to take a collective hit.  the casino can still run, but not without a financial transaction tax especially on derivatives. yes, the system's survival (from the owner's perspective) must move to more and more global standards and regulatory frameworks.  after all, what are the negotiations of the US-EU FTA all about?    

food for thought: perhaps, all that $32 trillion of offshore wealth could be re-circulated to the peasants in the form of basic income payments, because it's the only means to keep the means of production in the hands of the owners and out of the hands of the workers.  

welcome to capitalist realism (post-capitalism).

 

 

Sun, 02/23/2014 - 12:32 | Link to Comment trader1
trader1's picture

i love being junked more than being up-voted.

the truth cannot be silenced!!! ;-)

Sun, 02/23/2014 - 20:42 | Link to Comment StychoKiller
StychoKiller's picture

Further analysis of yer "plans" reveals them to be all smoke & mirrors!

Mon, 02/24/2014 - 02:46 | Link to Comment trader1
trader1's picture

not my plans...TPTB's

read between the lines:

proposed agreement on automatic sharing of tax data between governments, released by the Organisation for Economic Co-operation and Development (OECD), promises to extend the data exchanges included in the US anti-tax-evasion law Fatca to all participating governments – but the full details of how the process will work will not be decided until later this year.

Previous efforts by the OECD, notably the Model Tax Convention, depended on voluntary information exchange. But the new OECD standard envisions the exchange happening automatically between signatory governments.

The proposal follows a series of deals on information exchange, including the many intergovernmental agreements (IGAs) put in place to implement the requirements of Fatca. And while the sample agreement envisions bilateral exchanges, the OECD is hoping that it will be taken up as the basis for a multilateral exchange of tax information – a plan which 86 nations, including all G-20 members, have already committed to in principle, it noted.

http://www.risk.net/operational-risk-and-regulation/news/2329081/oecd-ag...

 

Sun, 02/23/2014 - 11:18 | Link to Comment I am Jobe
I am Jobe's picture

Ah the Bullshit, 

 

Bring the fucking wars bitchezz. Amerika needs wars to provide hope to the inbred fucks 

Sun, 02/23/2014 - 11:38 | Link to Comment blindman
blindman's picture

the solution must be to induce more debt as money and
at interest and attached to something essential and tangible,
or not, like the atmosphere, the water, carbon or information.
financialise the forests and essentials of the planet till
it screams in pain and starts fighting back.
could be that the g-20 leaders are committing suicide
by random planetary natural disaster and all for the vigorish?
probably stranger things have happened in the planet's long
and glorious past.

Sun, 02/23/2014 - 11:21 | Link to Comment Berspankme
Berspankme's picture

Bernak- I got this

Sun, 02/23/2014 - 11:36 | Link to Comment blindman
blindman's picture

Steve Earle - Copperhead Road
http://www.youtube.com/watch?v=xvaEJzoaYZk&list=RDAINUPFbFpqg
.
fed - rock and roll -
copperhead road.
.
the fraud of debt induction as money
will continue until morale improves,
(or until the populations are entirely
stripped of their last shred of coherency
and then die off. then we will see
the master has no cloths, intelligence
or any other admirable qualities worth
a dime.)

Sun, 02/23/2014 - 11:58 | Link to Comment mofreedom
mofreedom's picture

Love that song man.

Freedom will grow GDP bout 10% per annun these days.

Sun, 02/23/2014 - 11:21 | Link to Comment Sudden Debt
Sudden Debt's picture

IF YOU VOTE FOR ME!!! I'LL GIVE YOU... CHANGE!!!

...

what do you mean that slogan is already taken?...

OKAY!!!
DON'T VOTE FOR ME BECAUSE I FEEL BETTER THAN YOU!!
I'LL RULE YOU ANYWAY!!
I AM EUROPE! I AM... whatever...

Sun, 02/23/2014 - 11:25 | Link to Comment Rock the Casbah
Rock the Casbah's picture

Peace For Our Time

Sun, 02/23/2014 - 11:26 | Link to Comment eaglerock
eaglerock's picture

UnfortunAtely, growth is the problem, not the solution.

Sun, 02/23/2014 - 11:26 | Link to Comment smacker
smacker's picture

"G-20 Agrees To Grow Global Economy By $2 Trillion, Has No Idea How To Actually Achieve It"

 

Easy peasy. Make further adjustments to the way that GDP is calculated. Add some more adjustments to how CPI is calculated and there you have it. Growth goes thru the roof ;-)

 

Call in "The Adjustment Bureau". Matt Damon can help.....

Sun, 02/23/2014 - 12:56 | Link to Comment Chuck Knoblauch
Chuck Knoblauch's picture

More magic brought to you buy the Kabbalah science of Economics where the forecast is the reality, a means to a G-20 end is to cook the books? HAHAHA!

 

MONLOCH IS LAUGHING - FOOLS, FOOLS, FOOLS! HAHAHAHA!

Sun, 02/23/2014 - 11:29 | Link to Comment JoBob
JoBob's picture

It's time the disenchanted begin throwing rocks in the general direction of  all bankers.

Sun, 02/23/2014 - 11:29 | Link to Comment Mine Is Bigger
Mine Is Bigger's picture

Come on!  We all know what they mean when they say they will "grow economy."  They will print money and give it to banksters.  As long as people accept fiat money as something that is valuable, the banksters do not need real economic growth.  They can just print money.

Sun, 02/23/2014 - 11:31 | Link to Comment nmewn
nmewn's picture

And thats it kids...all done, the Jean Luc Picard Plan..."let it be so".

So, moving on, how was the shrimp cocktail & foie gras? ;-)

Sun, 02/23/2014 - 11:34 | Link to Comment HyBrasilian
HyBrasilian's picture

fonestar will tell us how this is 'bullish' for BTC in 5...4...3...2...

Sun, 02/23/2014 - 11:40 | Link to Comment nmewn
nmewn's picture

lol...after reading that "heavily encrypted" policy statement of letting everyone sort it out for themselves and then get back to us for approval, while patting themselves on the back for issuing such a splendid policy statement, I can have no doubt of it ;-)

Sun, 02/23/2014 - 12:34 | Link to Comment HyBrasilian
HyBrasilian's picture

the DEATHSTAR... no doubt... will be paid for in BTC... [Then ~ we can all pat ourselves on the back and marvel at our technological mastery in the EXACT MOMENT that we press the button to blow ourselves up]...

Sun, 02/23/2014 - 11:42 | Link to Comment kaiserhoff
kaiserhoff's picture

And where in the world is Reggie Middleton,

  the man with the plan to stabilize bit coin?

Don't be a stranger, Reg.  You have a great career ahead..., in comedy.

Sun, 02/23/2014 - 11:32 | Link to Comment djsmps
djsmps's picture

GO TEAM G20!!!

Sun, 02/23/2014 - 11:48 | Link to Comment R_Soles
R_Soles's picture

Well, Canada did win the Hockey Gold today. Did you see the size of the "Gold medal"? the size of a grapefruit. Like everything else with the int'l community it is an illusion. They stopped giving out real gold medals 45 years ago. I don't think they can find enough real gold outside of China to make them anymore. The silver given to Sweden looked like tin foil. Party On you crazy diamond

Sun, 02/23/2014 - 17:46 | Link to Comment layman_please
layman_please's picture

A gold medal consists of composed of silver, which must be at least .925 grade (Sterling silver).

Each gold medal is covered with at least 6 grams of pure genuine gold.

Sun, 02/23/2014 - 11:33 | Link to Comment holmes
holmes's picture

It's so freaking easy I don't why I even have to mention it: just enact Obama's policies worldwide. sarc/off

Sun, 02/23/2014 - 11:34 | Link to Comment Seize Mars
Seize Mars's picture

War

Sun, 02/23/2014 - 11:36 | Link to Comment insanelysane
insanelysane's picture

War does have the combined effect of reducing the population whilst boosting economic activity for weapons and reconstruction.  Plan B is to connect every continent by bridge or tunnel.

Sun, 02/23/2014 - 13:05 | Link to Comment Colonel Walter ...
Colonel Walter E Kurtz's picture

I remember seeing a show on that. A train tunnel from the US to Europe that floated but remained underwater because it was tethered to the sea floor.

Tell Elon Musk to forget the Gigafactory and get busy on the transatlantic tunnel. Although his battery power could be useful to avoid all the diesel fumes.

 

Sun, 02/23/2014 - 11:38 | Link to Comment Smegley Wanxalot
Smegley Wanxalot's picture

I already know their plan: they will just confiscate $20 trillion from all the bank accounts on the planet, give it all to their buddies, and those people will be required to spend 10% of it (and keep the rest) to increase GDP by $2 trillion.

Or each country can just build more aircraft carriers.

Sun, 02/23/2014 - 11:37 | Link to Comment Downtoolong
Downtoolong's picture

"Has No Idea How To Actually Achieve It"

Print $2 trillion, then hire 20 million people to count out everyone's share.

 

Sun, 02/23/2014 - 11:37 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Language people, pay fucking attention to language like Carlin used to say.

We will develop ambitious but realistic policies with the aim to lift our collective GDP by more than 2 percent above the trajectory implied by current policies over the coming 5 years," the G20 statement said.

Who else was into collectives and 5 year plans?

 

Sun, 02/23/2014 - 12:00 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

"Each country will bring its own plan for economic growth," said Hockey. "Each country has to do the heavy lifting."

 I don't know about you but that sounds a lot like

https://en.wikipedia.org/wiki/To_each_according_to_his_contribution#Elab...

To each according to his contribution is a principle considered to be a defining feature of socialism by its advocates. It refers to an arrangement whereby individuals receive compensation based on the amount they contribute to the total output of society (also known as the "social product") in the form of effort, labor and productivity.

...

Apparently the next inverted twisting on this idea is individuals are collectives grouped by countries now who are not sovereign anymore in any form. They've iterated Marxism up one step from individuals in countries to individual countries in the global sphere.

...

There is only one problem: the G-20 has absolutely no idea how to actually achieve its goal of boosting global output by more than the world's eighth largest economy Russia produces in a year. Nor does it have any measures to prod and punish any laggards from this most grand of central planning schemes. From Reuters:

There was no road map on how nations intend to get there or repercussions if they never arrive. The aim was to come up with the goal now, then have each country develop an action plan and a growth strategy for delivery at a November summit of G20 leaders in Brisbane.

Yes there is, if you don't get with the program you get Greeced, Cyprused or Ukrained. Fuck you and your sovereignity and property rights as an individual country. They will back door illusion of choice each countries leadership till they get the right people in who are with the program. Just ask Italy..

And there is biggest threat to global freedom right out in the open now. Didn't we fight fucking cold war over just this sort of bullshit....

 

Sun, 02/23/2014 - 12:17 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Australian Treasurer Joe Hockey, who hosted the meeting, sold the plan as a new day for cooperation in the G20.

And with that statement spells the death knell of freedom and liberty in the Western World and rings in the bell of global Marxism.

There ain't not fixing this problem with soft power any longer if they feel that confident. It won't matter when everything is backdoored to right the game to get the results they want using soft power. They co-opeted the whole structure by the slow mind poisoning of the idea of outsourcing....

That is how they get their tentacles into everything.

The US is also done and here is why

http://www.constitution.org/fletchr/fletchr.htm

A good militia is of such importance to a nation, that it is the chief part of the constitution of any free government. For though as to other things, the constitution be never so slight, a good militia will always preserve the public liberty. But in the best constitution that ever was, as to all other parts of government, if the militia be not upon a right foot, the liberty of that people must perish. The militia of ancient Rome, the best that ever was in any government, made her mistress of the world: but standing armies enslaved that great people, and their excellent militia and freedom perished together. The Lacedemonians continued eight hundred years free, and in great honour, because they had a good militia. The Swisses at this day are the freest, happiest, and the people of all Europe who can best defend themselves, because they have the best militia.

The minute this responsibility was outsourced the idea something that has been slowly been programmed at least as far back as the 60s under the guise of the civil rights and anti-war movements. This country was on a slow an inevitable path that is culminating now which the finally outsourcing blow being the miltia going from being mandatory aka a draft to voluntary and now that has been outsourced to mercenaries aka contractors in most cases who have no vested interest except for paycheck.

As Abraham Stanyan once said having a well regulated militia as opposed to a standing army of mercenary troops that may over turn a government at pleasure. Outsourcing created this culture of dependency and in turn freedom being dictated by a culture of mercenarism aka who is controlling the mercenaries.

Put one and one together assholes. It all starts in 1913....

Sun, 02/23/2014 - 13:04 | Link to Comment Urban Redneck
Urban Redneck's picture

"Each Country" rings of "independence" and "responsibility" until one takes into account, ECOSOC UNDG MDC et al. (but they're not collectivist- they're neo-imperialist).

Sun, 02/23/2014 - 17:45 | Link to Comment Accounting101
Accounting101's picture

Apparently you missed GW's post yesterday regarding Matt Stoller's work. It was extremely detailed and had direct congressional testimony from the principals reaching as far back as the 1960's. Throwing around -isms doesn't solve our ginormous economic problems, especially if you are not aware of why we are at this tragic place.

If you are one to believe that this is some Bolshevik, socialist grand plan, then you have been intellectually beaten. The Oligarchs have won and any noise you make is just whistling pass the graveyard.

Sun, 02/23/2014 - 20:33 | Link to Comment Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Isms only are a means to an end. It is always about power and control. A small entity can always outlast a larger entity in the game of starvation. They feed on a lot of small entities enough stop giving consent the smaller, leaner and meaner need less to just survive the war of attrition the larger entities will starve or be forced to downsize first if enough smaller ones do. That is how you exercise hard power in a non-violent way by refusing to give consent through actions. Ghandi knew this. They are terrified of this because enough small people do they die first.

They fucked this country and world for that matter through slowly co-opting control by creating dependency and in turn a lack of self sufficiency through outsourcing. Little by little they got their tentacles into everything this way to the point they don't need to use hard power just squeeze the appropriate tentacle on the appropriate pressure point. The thing is in the process they've lost their ability to be self sufficient because they rely on us for survival through the control they exert. If they can't exert pressure by you refusing to give consent well the bigger entity always loses in the starvation game for resources while the smaller entities don't. Remember that little lesson about mice and mammals and dinosaurs. Morgan's cannon bitchez, freedom isn't being supersized...

Sun, 02/23/2014 - 11:37 | Link to Comment surf0766
surf0766's picture

If they think it true, it will be

Sun, 02/23/2014 - 11:56 | Link to Comment Meat Hammer
Meat Hammer's picture

I plan on having sex with each and every one of the 49ers' Gold Rush cheerleaders next year. This is just as likely to happen as the G20's economic plan.

Sun, 02/23/2014 - 12:10 | Link to Comment the grateful un...
the grateful unemployed's picture

let me know how that works out. i think you could accomplish that with a plan. first of all define sex, kissing should be enough. then you have to find a proper venue at which you might actually kiss each one of the cheerleaders, and all at one preplanned media event. so in the final outcome you have accomplished your goals, they look nothing like what some low brow readers of this website imagine, and you go on the talk show circuit and get filthy rich, after which you use your wealth to influence political and economic policy. you think you're kidding, but you're not

Sun, 02/23/2014 - 12:29 | Link to Comment Meat Hammer
Meat Hammer's picture

That's a great plan.  Much better than my plan to just walk up to each one of them and ask, "Does this rag smell like chloroform?".

Sun, 02/23/2014 - 19:42 | Link to Comment Mentaliusanything
Mentaliusanything's picture

you owe me a new top denture ya old fart

Sun, 02/23/2014 - 11:43 | Link to Comment studfinder
studfinder's picture

Then inflation will eat away all that new growth.  Bread will be $8 loaf (i'm already paying $4 a loaf for REAL bread here now), gasoline will be $6/gallon..  More money chasing fewer resources. 

Sun, 02/23/2014 - 12:09 | Link to Comment Johnny Cocknballs
Sun, 02/23/2014 - 11:47 | Link to Comment slightlyskeptical
slightlyskeptical's picture

Easiy achievable

GDP Growth...Raise prices

Jobs...make anyone collecting welfare work 40 hours a week alongside the cheap prison labor.

You can all feel free to resume buying MOAR stocks.

 

 

Sun, 02/23/2014 - 11:48 | Link to Comment blindman
blindman's picture

Steve Earle - Back To The Wall
http://www.youtube.com/watch?v=bbEIS1q6GZ0&list=RDAINUPFbFpqg
.
Well sometimes in the evenings I start to get that feeling
Like I'm empty inside
I know I'm doin' good now but tonight I'm headed downtown
Down by the riverside

I sit underneath the freeway with an old friend from the old days
And a bottle of wine
Well he used to call me "Big Time", and he knew someday that I'd shine
Said he'd seen all the signs
He said . .

"Keep yourself to yourself
Keep your bedroll dry
boy you never can tell
What the shadows hide
Keep one eye on the ground
Pick up whatever you find
'Cause you've got no place to fall
When your back's to the wall"

He's gettin' old and it's showin' so I asked him how it's goin'
He said "I've seen better I guess
I've been rained on, I've been frozen, but this here's the life I've chosen
If it just wasn't for the loneliness"

Now this river suits me to a T. but if you're trying to raise a family
This ain't no place to be
There's a kid down by the dump there, ought to be in grade school somewhere
Now he hangs out with me
And I told him . . ."
chorus ....
Well we finished off the bottle and I told him,"Joe I think I ought to
Be headed uptown"
Well it was late, and I'd been drinkin', drivin' home I got to thinkin'
'Bout what's been going down
....
Cause they're nervous down on Wall Street, but they're trying to keep it upbeat
Or maybe they just don't care
But down at the river eyes are burnin', they feel the tables turnin'
So if you wind up down there . . .
chorus ....

Sun, 02/23/2014 - 11:50 | Link to Comment vincent
vincent's picture

Maybe zuckerberg can sell whatsapp and donate the proceeds.

I hear it's already worth a trillion

Sun, 02/23/2014 - 11:59 | Link to Comment johnnyarrowmaker
johnnyarrowmaker's picture

Easy 2% Get the Bilderbergers to agree to legalise drugs. Banksters then create businesses based on drugs 'control'. 

Eh voila yet another 2% for the 1% ers whilst the sheeple eat cake.

Sun, 02/23/2014 - 11:59 | Link to Comment the grateful un...
the grateful unemployed's picture

i can help 1) redefine growth. and this isn't perverse as it seems. there is a lot of activity in the US economy which isn't covered by economic measures. a lot of people do charity work, volunteer work, help out a sick or elderly family member, and either loan or give money to the someone to help them, but none of that counts. not to mention the underemployed, underpaid working class. maybe the government has to pay these people a guaranteed living wage, a topic under discussion, based on merit. what have you done today? the old industrial age metrics are obsolete.  2) of course they can print more money, that's the knee jerk reaction. as Joyce referred to the American system, "Impovernment of the booble, by the bauble, and for the bubble.." {the impoverishing of the masses by government policy, using consumer goods, to create pockets of economic growth, and when the bubble burst they rush to restore it - what a sick system} the question might be why measure economic growth at all? its simply a statist tool. but we do need a currency, although perhaps all currency should be transactional only, since we are now to the place where electronic currency is feasible. no one would hold money, no one would hoard money, and money would be purely the best means of translating the value of different commodities. 3) for this we need global cooperation? is a part time caregiver in Bejing worth the same as their counterpart in New York? according to education and skills. answer that question and you are closer to the why and how of all this

Sun, 02/23/2014 - 12:37 | Link to Comment trader1
trader1's picture

+1 

the need for continuous growth is a bit problematic in the context of stagnating incomes within a finite fossil fuel energy complex.

how much   is enough?

 

http://www.goodreads.com/book/show/13147796-how-much-is-enough

A provocative and timely call for a moral approach to economics, drawing on philosophers, political theorists, writers, and economists from Aristotle to Marx to Keynes.

What constitutes the good life? What is the true value of money? Why do we work such long hours merely to acquire greater wealth? These are some of the questions that many asked themselves when the financial system crashed in 2008. This book tackles such questions head-on.
   The authors begin with the great economist John Maynard Keynes. In 1930 Keynes predicted that, within a century, per capita income would steadily rise, people’s basic needs would be met, and no one would have to work more than fifteen hours a week. Clearly, he was wrong: though income has increased as he envisioned, our wants have seemingly gone unsatisfied, and we continue to work long hours.
   The Skidelskys explain why Keynes was mistaken. Then, arguing from the premise that economics is a moral science, they trace the concept of the good life from Aristotle to the present and show how our lives over the last half century have strayed from that ideal. Finally, they issue a call to think anew about what really matters in our lives and how to attain it.
   How Much Is Enough? is that rarity, a work of deep intelligence and ethical commitment accessible to all readers. It will be lauded, debated, cited, and criticized. It will not be ignored.

Sun, 02/23/2014 - 21:05 | Link to Comment PT
PT's picture

How much is "enough"?  Many years ago I asked myself the same question.  How much do I need to earn before I have to stop bitching about being poor?  I wrote a fantasy budget.  My first attempt gave a figure of two grand per week.  Years later I repeated the exercise and came up with a figure of twenty grand per week (It was actually ten grand but, being a fantasy budget, you just double the answer to cover taxes).  No Ferraris were involved.  But it did involve things like buying a normal house and paying it off in five years instead of lots of decades, and saving for a car over six months instead of five years.  I have not repeated the exercise in the last couple of years.  I think I'm too worried about what the new number might be.

Sun, 02/23/2014 - 12:10 | Link to Comment Peter Pan
Peter Pan's picture

Now here s a way to grow the economies of the world.

1. Eliminate wars and hence destruction which costs money to reinstate what you had.

2. Eliminate wars and hence the pensions for those injured and widows pensions for their spouses.

3. Re-direct existing expenditures to other more productive areas which will either make money or save money. For example, build better mass transport systems which will require fewer cars and less fuel consumption.

4. Attach jail sentences to bankers and not just monetary damages to banks for proven illegal behaviour.

5. Reduce the number of politicians at every level of government. If these people have nothing better to do then they should at least not be paid for doing nothing and for the most part causing damage.

6. Reduce the amount that can be borrowed for college education because the growth in loans has only encouraged savage price increases in education and increased the number of useless courses. The resultant useless debt is a drag on the economy.

7. Get rid of the one dollar note and replace it with a coin.

8. Require any declaration of war by congress or the president to have the additional requirement that either one of their children or grandchildren be sent to the front line.

9. Stop deficit spending. If broke indivduals are not allowed to do it, why should broke governments be allowed to do it?

10. Introduce educational advertisements on TV as well as food packaging.

11. Encourage people to grow some of their own food.

12. Require the TBTF banks to shrink by a certain percentage each year until they are small enough to fail.

Sun, 02/23/2014 - 12:16 | Link to Comment the grateful un...
the grateful unemployed's picture

i like 12. or alternately make them big enough that they can succeed, if that is possible

Sun, 02/23/2014 - 13:14 | Link to Comment Colonel Walter ...
Colonel Walter E Kurtz's picture

Regarding #5. I like that idea where we need many more congress reps so that they only represent something 60,000 citizens a piece. I think we would have something like 4,000 reps which would be too many to buy off (hopefully) and too many to coral by the party leadership. They might actually go back to representing the voters instead of the interests that pay for the lobbyists.

Lets reduce the bureaucrats and regulators instead.

Good post though, since we are all trying to achieve the same goal.

 

 

Sun, 02/23/2014 - 16:57 | Link to Comment hangemhigh77
hangemhigh77's picture

Let me make a few ammendments.

NUMBER ONE ONE ONE ONE 111111111:

ABOLISH THE FEDERAL RESERVE!!!!!

Do away with income tax

Stop all wars and follow the Constitution regarding "Foreign Entaglements"

Jail the bankers?  EXECUTE THEM FOR TREASON.

EXECUTE ALL POLITICIANS FOR TREASON.

ARM THE PEOPLE, GET RID OF COPS.

ALL COURTS FOLLOW THE CONSTITUTION

REDRESS THE AMMENDMENTS MADE TO THE CONSTITUTION 

REVIEW ALL LAW FOR IT'S CONSTITUTIONALITY

DO AWAY WITH ALL CORPORATIONS AND THEIR CONSOLIDATION OF MONEY AND POWER

MAKE MONEY ONLY GOLD AND SILVER

 

 

Sun, 02/23/2014 - 21:12 | Link to Comment PT
PT's picture

3.  Redesign cities to minimize the need for transport.  Who really wants to live an hour away from where they work?  (Unless it is an industrial complex full of pollution).  Be it car or train, who really wants to waste their lives sitting on one for one or two hours per day?  Why wouldn't you want to just stumble out of bed and wander next door?  Who really wants to travel ten kilometres just so they can buy a pair of jeans?  How the fuck did we survive before cars were invented?

Sun, 02/23/2014 - 22:31 | Link to Comment UselessEater
UselessEater's picture

UN Agenda 21 has redesign of cities and everywhere else already centrally planned.... its called Smart Growth the creation of stack 'em and pack 'em cities which create a car-less lifestyle and a spy (smart) meter on every home in preparation for your calorie card

 

http://www.youtube.com/watch?v=nGQu1y4BZSs

 

 

Sun, 02/23/2014 - 12:10 | Link to Comment Zigs
Zigs's picture

Only 2 trillion?  That really puts some perspective on the FED balance sheet.  The world is being propped up with hot air that is turning cold.

Sun, 02/23/2014 - 12:14 | Link to Comment whidbey-2
whidbey-2's picture

This is call sentiment and it is important in execution of a strategy.  The problem is that not everyone is being sincere: We want this to happen, but we be damned if we can do much about it, besides let him with the largest oar row the boat, that would be Janet whaever-the- hell her name is.  We do know how to do growth ourselves but we are enjoying the perks right now.  Have a good day, if you can afford it. And see you next year - maybe sooner if Janet screws up.

Sun, 02/23/2014 - 12:12 | Link to Comment 22winmag
22winmag's picture

Maybe they can buy some FarceBook likes from an Egyptian click farm to bolster their online credibility.

Sun, 02/23/2014 - 12:24 | Link to Comment Cycle
Cycle's picture

The "spontaneous" generation of capital offset by debt resulting from the actions of the ECB and the Fed are simply stalling maneuvers because both the US and Europe are about to experience their http://en.wikipedia.org/wiki/Minsky_moment Minsky Moment

Sun, 02/23/2014 - 12:26 | Link to Comment Hubbs
Hubbs's picture

A tale told by a bunch of idots, full of sound and fury and signifying nothing.

Sun, 02/23/2014 - 12:31 | Link to Comment rsnoble
rsnoble's picture

Well since funneling it all into the banks and wallstreet has worked so well why don't they just keep doing that? LMAO.  Fucking assholes.

Sun, 02/23/2014 - 12:34 | Link to Comment Let The Wurlitz...
Let The Wurlitzer Play's picture

Simple Plan...

  1. Get rid of IMF
  2. Get rid of NATO
  3. Disolve European union and Euro currency
  4. End the US FED
  5. Return US senators as appointees of states as it was in original US constitution
  6. Dont bail out British based banks when they collapse in the immediate future

When the dust clears the world will take off.

 

Sun, 02/23/2014 - 14:03 | Link to Comment AdvancingTime
AdvancingTime's picture

Thanks for mentioning the British banks. I just finished an article on the so called robust growth in the UK. How do you explain the pick up in growth to a mature country that has been struggling under debt? In general the UK economy is not particularly competitive, over-weighted in the service sector and global finance it is vulnerable to problems that surface throughout the world. As usual we must look deeper into the facts to get a clear picture of what is really happening.

It now appears much of the recent strength comes from the fact that thousands of Britons are receiving compensation for Payment Protection Insurance (PPI).  Most Americans reading about the pickup in Britain's economy never even heard of the PPI. The total paid out so far, £13.3bn or about 22 billion American dollars has been a huge economic boost. This "fake economic boost" is painful for the banks, more on this below.

http://brucewilds.blogspot.com/2014/02/uk-economy-flood-of-questions.html

Sun, 02/23/2014 - 17:17 | Link to Comment smacker
smacker's picture

I agree that PPI compensation has had a lot to do with this fake UK GDP growth.

But there's also the rise in paper property prices engineered by George Osborne thru his "Funding For Lending" scheme and now his "Help To Buy" scheme. These have lead to what they always leads to: an increase in BTL investments and people pulling paper capital out of their homes and spending it on consumer goods.

None of this has anything to do with genuine economic growth. But that won't be apparent until after the 2015 general election when the bubble bursts (again).

Sun, 02/23/2014 - 12:36 | Link to Comment GrinandBearit
GrinandBearit's picture

Ignore propaganda and buy gold.

Sun, 02/23/2014 - 12:38 | Link to Comment pragmatic hobo
pragmatic hobo's picture

the inmates are running the asylum ...

Sun, 02/23/2014 - 12:49 | Link to Comment Emergency Ward
Emergency Ward's picture

Chief inmate Lagarde draws a $100 million yearly salary to wreak havoc around the globe....and has covetous designs on individual savings accounts......

Sun, 02/23/2014 - 12:51 | Link to Comment Sofa King
Sofa King's picture

The plan is already in play...

I've noticed a change in the vocabulary in the various financial media outlets. The've taken to talking about consumption of digital media as opposed to watching, listening or reading. Not only have they changed the vocabulary but all the Patsies that are interviewed make what appears to be an uncomfortable effort in calling it consumption or the act of consuming.

We're going to see some incredible and utterly false GDP numbers in the near future, all based on watching TV.

Sun, 02/23/2014 - 12:56 | Link to Comment Obama_4_Dictator
Obama_4_Dictator's picture

Just do it! - Nike and the G20

Sun, 02/23/2014 - 13:11 | Link to Comment Chuck Knoblauch
Chuck Knoblauch's picture

FOOLS, FOOLS, FOOLS!

 

WHEN WILL YE LEARN?

 

THAT ME YE CANNOT SLAY!

 

HAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

MOLOCH WANTS A SACRIFICE! FEED ME!

Sun, 02/23/2014 - 13:15 | Link to Comment daemon
daemon's picture

"... the G-20 has absolutely no idea how to actually achieve its goal of boosting global output ... "

When you see an image of Christine Lagarde mimicking Harry Potter, it's generally a bad omen.

Sun, 02/23/2014 - 13:16 | Link to Comment Anonymouse
Anonymouse's picture

If only they had agreed to grow the global economy by $20 trillion....

Damn these politicians who cannot, no will not, agree to collectively grow our economy to a proper arbitrary number.

Sun, 02/23/2014 - 13:38 | Link to Comment Emergency Ward
Emergency Ward's picture

"Destruction, theft and war combined with a new global vision of total control: that is our expertise.  Don't bother us with antiquated ideas about peaceful production and commerce.  Wealth?  Let us be concerned about that -- it's all in the  perception."

Sun, 02/23/2014 - 13:19 | Link to Comment BrigstockBoy
BrigstockBoy's picture

The G-20 financial czars
Are looking to reach for the stars
An outrageous $2 trillion
LeGarde's a vaudevillian
It's time to colonize Mars

Sun, 02/23/2014 - 13:22 | Link to Comment Emergency Ward
Emergency Ward's picture

They want to add tens of millions of new jobs.  They have trillions in plundered loot and can print more fiat, they have command of the military forces and police forces and tax agencies, they can issue any kind of regulations and controls and edicts that they like, and they can start wars and topple governments.

What is stopping them from adding a few new jobs?

Oh, I forgot to read the title of the article.....stupid me.

Sun, 02/23/2014 - 13:30 | Link to Comment sink critically
sink critically's picture

For anyone who still thinks that the growth is for us and the jobs are just around the corner...

These people are not incompetent, YOU ARE BEING LIED TO!

Unless you like your growth measured in homelessness and your jobs by how many are inside inward facing razor wire.

It is already uncool to be a filthy rich parasite, and it will only get worse for them.

How would you feel if you were outnumbered ten million to 1?

Sun, 02/23/2014 - 16:42 | Link to Comment hangemhigh77
hangemhigh77's picture

Well then let's get this party started already.

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