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Another Useless G20 Pow-Wow
Submitted by Pater Tenebrarum via Acting-Man.com,
It’s Nice to Wine and Dine on the Taxpayer’s Dime …
There is only one good thing about G20 (and similar) meetings: almost nothing ever comes of them. That makes them intrinsically cheap, although the tax serfs of the host countries usually must expect that they will have to fork over 100ds of millions in expenses. The costs of providing security for the assembled bigwigs alone are absolutely staggering. Apparently these people are so well liked that they need to be defended against everything short of an asteroid strike regardless of where they show up.
Illustration by Eric Lobbecke
Maybe they could all be pensioned off? Just an idea …
Photo credit: Umit Bektas / Reuters
Luckily the most recent G 20 meeting promises to be just as productive as the ones preceding it. To be fair, one statement was issued at its conclusion that we would support, namely a pledge not to engage in protectionism. One needs to keep in mind though that the current trade regime is a “managed” one, not a truly free one (free trade doesn’t require agreements the length of telephone directories – just rescind all tariffs and uphold the property rights of foreign investors and be done with it). Still, in this case we will take what we can get.
Good thing they never seem to get to the “action” part …
Cartoon by Alan Moir
Another Flood of Money to be Unleashed on Cronies
Unfortunately they still seem hell-bent on implementing state-directed “investment” – although they have apparently refrained this time from mentioning their ridiculous “800 plans” (previously 900). There also seems to be a deep-seated faith in the magical powers of central bank money printing, although is is no longer deemed to be “enough” on its own. That almost sounds like a threat unfortunately.
A few excerpts from a Reuters report on the meeting:
“World financial leaders agreed on Saturday that over reliance on cheap cash from loose central bank monetary policy will not lead to balanced economic growth and that as activity picks up, interest rates would have to rise. Instead, G20 governments agreed that they should focus more on what they themselves can do to boost growth, Britain’s Finance Minister George Osborne told Reuters.
[…]
The G20 communique welcomed strengthening activity in some economies but said that growth fell short of expectations. “We have pledged to take decisive action to keep the economic recovery on track and we are confident the global economic recovery will gain speed,” the statement said.
[…]
To boost global growth over the next five years by a further 2 percent above what was already expected, G20 countries agreed last year in Brisbane that they would launch structural reforms and invest in a coordinated way. They were behind schedule, the communique said.
[…]
Boosting investment was key, the G20 financial leaders agreed. Governments will prepare their final investment strategies by November, when G20 leaders are to meet to discuss them in Antalya in Turkey.
(emphasis added)
Got that? Governments will “prepare their investment strategies”. The idea that governments can “create economic growth” by means of unleashing their bureaucracies with wads of freshly borrowed and/or printed money is so utterly absurd one almost doesn’t know what to say to it.
Economic calculation is an impossible task for bureaucrats, and it’s not as if this were not known. Moreover, they have no secret stashes of wealth and resources at their disposal – they first need to take them (forcibly) from those who actually produce wealth. Then they proceed to waste it; then they welcome the associated “activity” captured by aggregate statistics, even while real wealth generation is hampered and scarce capital is consumed.
There was also the ritual incantation in the closing statement regarding the need for “structural reforms” – but all over the world the mountain of red tape and regulations keeps growing year-in, year-out, with no end in sight. What “reforms” are the babbling about then? No-one really seems to know.
What is absolutely certain though is that the only true beneficiaries of any coming wave of “investments” will be assorted cronies. Get ready for various “green energy” boondoggles, bridges to nowhere, ghost airports, etc. etc.
Conclusion
One can only hope they will continue to remain “behind schedule”. Haven’t these hapless planners done enough damage yet?
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They are not hapless. Of that I can assure you. Soleless, yes.
a more worthless group of people has never been assembled. Enjoy all the good food and wine Im being forced at gunpoint to buy for you.
Roll in the hay cannons in the room!
Looney
We really need a strong push on the whole global warming hoax here.
It's been all downhill since the G7.
That's why they changed it from 'global warming' to 'climate change', so they can continue to fleece the sheep
Yes there has never been a climate change in the history of planet earth. Now thanks to man everything is changing and if you don't feel really guilty about driving your car you should. We are all going to die!
G20 Meeting. You will never find a more wretched hive of scum and villainy
You mean "soulless" - I assure you, their shoes have soles.
Also, agree 100% +1!
the only solution I see for these elites is to kill alotta useless eaters before they wake up in even greater numbers.
thats what I would do if I was in their shoes.
Its all good Photo ops....great food....a nice hotel...what else can one ask for...they make you feel like a King or Queen.....and they think they are....
Central planning,...what can go wrong?
Better to jaw-jaw than war-war.
Besides, they all get to take selfies
CANADA's FinMin Joe Oliver has largely been absent from the federal election due to the fact that he is an extremely poor speaker, and he embarrasses Steven Harper, and the Conservatives, when he steps up to the microphone. Canadian media has been wondering where Oliver has been hiding for over two weeks now, and last week MSM stated he was attending the G20. Clearly, the Harper Government is going to lose this election due to the fact that they have the least trusted FinMin in CANADA's history, and the second most incompetent.
YES, the G20 is useless.
Thoroughly agreed with your comments Mr Tenebrarum, and I can help you with the de-convolution;
Structural Reforms = Taxing multinationals in the country of operations and product sales.
It's their #1 item of interest, and also why that darkie bloke with the platinum hair from the IMF, always hangs around like a bad smell, and tries to act like he's so vital and central to the proceedings, so he can try and get his paws on a cut, and appear useful and relevant.
Of course any real 'work' will have been done long before and long after any particular G20 'meeting' by bureaucrats. There's quite a lot of detailed programmatic specificity to wank on about as well.
Globalist Ghoulfest 2015.
What I wouldn't give to be a fly on the wall at this criminal underworld soiree.
They should really consider relocating this to Damascus where they can all acquire a much needed perspective on their handiwork thus far. They can wrap it up with that ceremonial, glad-hand class picture amidst the bombed-out rubble and ruin. Photographic juxtaposition at its finest, and I believe entirely apropos.
The significant thing is this ...
There is NO longer coordinated agreement amongst the G20. There is name calling and finger pointing, and allegations behind the scenes. Cooperation beween these central banks is ending - because a "unified response" to the global financial downturn is not possible. In this environment, there will be winners and losers. It is NOT possible for the USA, the UK, Europe, Japan, and China to all be winners.
Cooperation will break down. This HAS to happen, in order for the global financial system to re-align itself. But the process will be ugly.
do not disturb...we're making our burnt offerings to moloch and eating placentas