With Obama Humiliated, Leaked G-20 Draft Reveals More Fiscal, Monetary Stimulus Coming

Tyler Durden's picture

With the September G-20 meeting set to begin any moment in Hangzhou, China, a periodic, toothless event which is noting more than an opportunity for world leaders to take photos such as this one (they picked the happiest photo of the batch)...

... the draft communique has already been leaked, in other words the determination of the summit has been made before it even took place.

Of course, the big news of this weekend's G-20 event was neither the summit, nor the communique, but the unprecedented and prearranged snub by China targeting president Obama, who after an unexpected show of solidarity on Saturday over the global effort to address climate change, was humiliated by China when Obama arrived at Hangzhou Xiaoshan airport, when as reported earlier, first the receiving China delegation made sure there was no staircase for Obama to exit the plane and descend on the red carpet; the president of the world's most powerful nation was thus forced to use an emergency exit for his final arrival in China as commander in chief.

Then, around the time Obama was exiting through the emergency staircase, a Chinese official attempted to block national security adviser Susan Rice and Deputy National Security Adviser Ben Rhodes after they lifted a blue rope holding back press and walked to the other side of it, closer to Obama. A member of the Chinese delegation began shouting at White House staff, demanding the pool leave the arrival scene. A White House official said Obama was our president and Air Force One was our plane and that the press was not going to move from the designated area. The Chinese official angrily responded "This is our country. This is our airport."

The scandals continued later, with members of the Chinese and US delegations coming close to throwing punches at each other: as we previously reported, two Chinese officials - one working to assist the American delegation - had to be physically separated after trying to hit each other outside an event.

As the WSJ adds, "the Chinese barred Mr. Obama from including his traveling press contingent in his motorcade. The hosts also have refused a White House request for a joint press conference with Mr. Xi, and they plan to block Mr. Obama’s solo press briefing from airing live on Chinese television."

In short, the fate of G-20 meeting was fixed: no matter what was decided, it would forever be remember as the event where China snubbed the US president in an unprecedented fashion one final time.

Incidentally, for those wondering why the meeting took place in Hangzho, a city which Chinese authorities literally had to empty out, instead of Beijing, the answer comes from the Twitter account of Beijing Air:

 

Which is ironic, because as the WSJ also reported earlier, "President Obama and his Chinese counterpart Xi Jinping stood with U.N. Secretary General Ban Ki-moon to announce the U.S. and China’s formal adoption of the international climate change agreement reached in Paris in December 2015. They also detailed a road map to achieving emissions reductions in commercial aircraft and for phasing out hydrofluorocarbons."  Which is completely meaningless, as none of the provisions of the Paris Treaty are enforceable, and Beijing has zero intentions of actually following through with the toothless treaty.

In any case, thanks to Bloomberg, according to the leaked draft G-20 communique, global leaders "should make full use of a range of policy options, including fiscal as well as monetary measures, to revive economic growth that still falls short of desired levels."

In other words, even more global debt, even more liquidity injections by central banks, even higher asset prices, even more social discontent, nationalistic passions and populism.

Among the other G-20 (pre)decisions in the communique draft seen by Bloomberg:

  • Financial market volatility poses downside risks to growth: draft communique
  • Fiscal strategies equally important as monetary ones: draft communique
  • Excess volatility, disorderly moves in foreign exchange markets hurt stability: draft
  • G-20 recognizes excess steel capacity as global issue: draft
  • Subsidies can contribute to global excess capacity: draft
  • UK vote to leave EU adds to global economic uncertainty: draft
  • Terrorism a serious challenge to international security: draft

And so on, and so forth, as yet another meeting of the world's "best and brightest" leaders leads to absolutely no new ideas how to fix a problem that was caused by debt than just creating even more debt, meaning that the red line shown below is about to truly take off.

 

We know how it all ends; the only thing we are curious about is if the Chinese will force an already humiliated Obama to fly commercial in his final return to the US... coach class.

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stant's picture

Chancy Gardener 

Escrava Isaura's picture

“Reagan proved that deficits don't matter.” – Dick Cheney

Perimetr's picture

Obama got to ride in the back of the Chinese bus . . .

Ya think the Chinese are getting sick of US bullshit? 

How much longer will China be willing to send its industrial exports to the US in exdhange for its worthless Treasury notes and bonds?

You can damn well bet the exports will stop if the fools in the White House starting a shooting war in the South China Sea.

That may be the coming out party for the clandestine Japanese nuclear arsenal.  

Boris Alatovkrap's picture

Russia, China, USSA… three superpower is always will be at odd at each other, but when USSA is such weak, smarmy (this is correct term for Obama, no?) president, is make matter worse for USSA. But is also make thing worse for citizenry of Russia and China, because strong USA is keep Russia and China more honest.

bleu's picture

No WORSE humiliation than these "accomplishments". https://goo.gl/7vUdsL

Newspeaktogo's picture

I don't read your crap anymore. Wish you'd stop doing the link thingy. It's boring.

knukles's picture

In the face of the failure of the greatest fiscal and monetary stimulus in history, they double down on the bankrupting meaningless as opposed to reforming the systems.

MOAR of the Same

All the while The Messiah gets booted while Hillary gets a core dump.

I wonder ....  Are the US elections as rigged as this Global Stage Insult?

The Nobel Peace Prize and Global Bowing World Tour seem to have failed mightily

I OFFICIALLY DECLARE POST-PEAK EMPIRE tm

Butter-Cup's picture
Butter-Cup (not verified) knukles Sep 4, 2016 12:06 AM

My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... https://tr.im/li1di9

cognitive dissident's picture

go make love to a bear trap spammer

The Blank Stare's picture

President "Bobby": Mr. Gardner, do you agree with Ben, or do you think that we can stimulate growth through temporary incentives? 

[Long pause]

Chance the Gardener: As long as the roots are not severed, all is well. And all will be well in the garden.

ejmoosa's picture

"Stimulating growth" is pulling some of tomorrow's demand into today.

We've reached the point where there is no demand left for tomorrow,the day after that, and the year after that, that is available to be pulled into today.

We are gonna be here for a long time.

jcaz's picture

What a tool...  He looks like a bitch just standing there.....

Amalgamated Tang's picture

With all that money, you can afford to read Bleu's list of things he posts constantly. Tell us what they are and provide some real value to us.

Sam.Spade's picture

C

I didn't know cam sex paid that well.  You must be molesting underage boys as part of yoru show...

Archibald Buttle's picture

I OFFICIALLY DECLARE POST-PEAK EMPIRE tm

i, for one, hope this is an accurate declaration. about f'n time.

sampo's picture

Maybe the "leak"  is just western bs propaganda trying to mask real issues from the western people.  Check out the infographic with the gold bars in the end  of the article. Translation  anyone? 

 

http://www.bestchinanews.com/Finance/2180.html

You Only Live Twice's picture

Just goes to show that the Elite Bankers are simply no longer hiding the fact that they are in charge and that things like the G20 are just a front to give the illusion of democracy. Sad that things have reached such a state.

nmewn's picture

I think it was some old dead white guy that said the definition of insanity is, doing the same thing over & over while expecting a different result.

So I'll just add to the list of the absolute insanity of it all to say yet again...

>>>OBAMA IS SO FUCKING CONCERNED ABOUT MANMADE GLOBULL WARMING AND IMPOSING A WORLD WIDE CARBON TAX THAT HE CAN'T STOP FLYING AROUND THE ENTIRE GLOBE SPEWING CARBON INTO IT!!!<<<

There now...I feel...much...better ;-)

JusticeTBuford's picture

Really dislike that F'er.  He does make it easy though.

nmewn's picture

All of this stupid bullshit does...right on down to regulators & bureaucrats deciding all adults must get callouses on our fingers in order to "child proof" those long stem grill lighters...because...a few brain dead "adults" can't keep lighters away from their kids.

Petty as it may seem to some, just another in my long list of insults upon my person.

Hulk's picture

Dats wut I kep telling peple, if he really believed in Globull warming, he wouldnt be flying everywhere...

Folkvar's picture

Interesting that the article claims 'nationalistic passions and populism' is a consequence of fiscal policy. It isn't nationalistic passions and populism that caused this mess, it isn' t nationalistic passions and populism that is destroying the planet in every way.

Nationalistic passions and populism is the solution to the mess the globalsts have caused. This article writer is clearly a communist that supports globalisation and central planning. Nasty bugger.

sinbad2's picture

If the US acted in a sane and rational manner, the US would still be a major power in 100 years.

However the US has decided to go out with a big bang, either rule the whole world, or die.

I have never understood how a man could value money more than his own life, but some do. The French revolution was a fight between the French people and the elites. Most of the elites lost their heads, because they refused to leave their money. The same thing is happening in the US today, only it's the people of the rest of the world against American elites. Sadly, the average American is just collateral damage.

cognitive dissident's picture

sadly, and tragically, the "average" American is just that --- AVERAGE. Mediocre. Unremarkable... and soon we can add "gutless" and "gay" to that sorry list, if the current trends in place actually matter.

Lichtenstein, here I come...

Arnold's picture

Where all the chidren are above average.

de3de8's picture

No,no, we're ALL special and get a trophy.

sekhars's picture

success and money makes you lazy. That is the history of the humans. When you become lazy you try to control others through your money and creating an apparatus. The madness is so much that people can sacrifice more to save something which is not even worth it. It is like spending 100k on security a year for a house which costs less than 100k. The ultimate money is satisfaction and it has not much to do with money. Most of us would agree that their most satisfying and happy times of life was when they didn't have the most

You Only Live Twice's picture

The US could not lead in 100 years. This was predicted and forewarned by the Founding Fathers from the beginning. They openly said that if the USA ever allowed the private banking families of Europe to get control of the money (as the Fed did in 1913), then it would be the end, as the population would become slaves to them in the long run. These Bankers are the ones who want to rule the World. The US and other countries are just tools to that goal.

The Hunger Games in a way has it right: "Remember who the real enemy is." Sadly, people don't.

Darkthirty's picture

They are not aware of their mortality, until it's too late. The epiphany is a sight to behold...............

 

adanata's picture

 

The conflict is between the globalists and all of humanity. U.S. politicians are no different from other equally corrupt politicians around the world. They all represent the interests of the globalist banking corporations and multinationals who pay them... and who also answer to the banks. I see no evidence this is in any way specific to the "American" elites; they are carrying water for the banks just like all the others.

Zero Point's picture

God, that picture.... Its like the world now has contests for finding the most slimy assfuck to put in a suit and push up front.

horse cents's picture

Boris has been on fire tonight.  Who the F@ck downvoted that truthful tyrade.  

A quick translation reveals a window into the global order.

  • Financial market volatility poses downside risks to growth
  • Commodity market volatility lets us buy piles of physical metals

  • Fiscal strategies equally important as monetary ones.
  • Shovel ready ditch project is needed to bury the protesters and buy off the rest.
  • Excess volatility, disorderly moves in FX markets hurt stability.
  • Initiating volatility allows us to be hedged properly.

  • G-20 recognizes excess steel capacity as global issue.
  • By dumping steel our steel, we will have take a cut of every large project.  
  • Subsidies can contribute to global excess capacity
  • Subsidies spread Marxist Health Care to bring down American Health Care
  • UK vote to leave EU adds to global economic uncertainty
  • Euro -Skeptics are poised to remove the Socialists from power in Brussels.
  • Terrorism a serious challenge to international security
  • Terrorism is a design to divide the west through enforced political correctness

There I fixed it for you.. you.. you, back stabbing G-20 Ass Clown Fart Knockers 

 

Huh Reeeally's picture

That's the self-serving meme we've been sold since the wall came down in 88-89. No empire ever predicts its own demise, yet they all fail. US is no different.

Nemontel's picture

The Chinese will soon become completely independent from the dollar system, its natural that they slowly become more assertive. http://www.truthjustice.net/

max2205's picture

Up 2% on Tuesday open in the bag  

reallyseriousstuffnews's picture

In a way I am deeply offended by the fact that my country is being received in this fashion, although it is deeply deserved. Although I am happy that our asshat president has been treated the way he was as an unwanted guest. Overall this is very telling in how the US is being perceived world wide and now being openly challenged. China basically stated through it's actions that it has no interest in working with the US. This is something that most likely increase even into the next presidenancy regardless if it is Cankles cunt up holding the current status quo with a little post menstrual ghingus Khan or if it the the Golden winged tycoon tariffing them out of the US market. The later is least likely to end in hot conflict but still likely to create a destructive relationship with China. Currently it appears that China's main interest has been to secure it's frontier so to say regardless of the smaller pieces in the way, but in turn is nothing on the scale the US has done worldwide. Read a little unbiased history and you will see t is really nothing new man has followed a fairly predictable pattern for a very long time.

Huh Reeeally's picture

Not sure why it's a problem, US been treating friends and allies like this for decades. Suck it up!

YuShun's picture

 

The Chinese are subtle, they think long term;
they do not openly humiliate an important guest.  
It is far more likely that the problems resulted from changes
made by the President’s staff to agreed-upon matters.
If the pilots got the POTUS to the Hangzhou Xiaoshan airport
earlier or later than when they were expected, the staircase
might have been in use by the leader of some other nation.
Then they wanted to move the press corps to an area
closer to the plane than the agreement allowed.
Then two people went under the rope holding back the press corps,
and were probably thought to be members of the press.
Later a group of twelve people arrived when a group of ten was
expected.   The Chinese did not want to allow last-minute changes.

 

 

de3de8's picture

I guess you were there

roadhazard's picture

That is far more likely what happened but it doesn't make a good ZH Obama bashing story.

lolmao500's picture

Dick Cheney should hang from the nearest lamppost for his crimes against humanity. - Humanity

Mustafa Kemal's picture

As a Buddhist I normally refrain from killing. But in this case i might/could make an exception.  

Peace

Archibald Buttle's picture

can i be your backup, in case might wins the day? job needs to be done.

Due North's picture

You can embrace philosophical Buddhism and discard the religious component and remain a very adequate heart breaker/life taker. I recommend "The Unfettered Mind" authored by Takuan Soho as 101!

Peace

S Spade's picture

why is that troll, cause he was actually an excellent sec of defense and vp.  cause he has integrity? cause he's competent? or cuase he's not a silly 60s hippy, a dishonest incompetent parasitic marxist peacedik like the democrats promote?

Bill of Rights's picture

Must suck going through life as a born and bred dope...

greenskeeper carl's picture

I don't like that poster either and don't really see why he posted that, but that is correct. Cheney did say that, and Reagan did triple the national debt. Just sayin.

Archibald Buttle's picture

i'm going out on a limb here, but i would guess it was either about starting a war or giving halliburton a yuuge no-bid contract. wait, what am i thinking, they go hand in hand, especially back then.