Jester do me a favor...seriously

[supra5677]

To Jester:

I just read the G20 agreement. I looks from my reading that Obama sold the dollar down the river, giving the Chinese an excuse to pull their treasuries. Read the agreement post it and tell me what you think. From my vantage point it looks like what Obama did was treasonous. I'm on vacation I'll read the copy/post instructions before I post again.

No B.S.

supra

[Jester]

To Jester:

I just read the G20 agreement. I looks from my reading that Obama sold the dollar down the river, giving the Chinese an excuse to pull their treasuries. Read the agreement post it and tell me what you think. From my vantage point it looks like what Obama did was treasonous. I'm on vacation I'll read the copy/post instructions before I post again.

No B.S.

supra


To make sure we are on the same page, is this the final draft?
http://www.londonsummit.gov.uk/resources/en/PDF/final-communique

If it is 9 pages, great because I'm not sure I'd have the time to read a 1,000 page document.

[supra5677]

You are correct... Give me your analysis

[Jester]

You are correct... Give me your analysis

I will put it on the back burner for now simply because I don't want to make a rushed judgment. Feels like a book report now.

[Jester]

Ok, I'm just taking notes right now and throwing in some low level thoughts right now. But here is my summary of the first 12 points (you can line up by # of the actual document for continuuity).


1. Speak now or forever hold your peace
2. We had to do this
3. Most important to global recover will be underdeveloped countries
4. Repeat the scout honor. Never again.
5. Have G20 members pay billions, print up some global reserve out of thin air, sell off IMF gold reserve to hand out to non-G20 members (Tax the top 1% again on a national level)
6. We liked the untraceable “save or create” millions of jobs of Obama’s rhetoric and will use it here. Let’s say green because that word tracks well on polls.
7. Let’s cut the borrowing rate to nothing and create some *creative instruments* for the finance market because this is a proven technique (to poop on)
8. Credit markets frozen and we need to clean the pipes because nothing works without the financial markets.
9. If America used some of these principles to collapse, imagine if we all did it at once.
10. 2% world growth is guaranteed in about 19 months. (with big risks come small gains – that’s how it works right?). Of course, we will probably be wrong so let’s just say we will do whatever it takes. We might need a G20 surge in a few months.
11. This is sounding so much like Iraq now that we couldn’t help but paste the phrase “exit strategy” in there. How ya like me now, Bush?
12. If one country starts to get cold feet, we will bring this section up to shame them back in.


I'm sure I'm setting set up for a "so cute with your ignorance", but I'm always willing to play the game. So far paragraph 5 is the only one that goes beyond (barely) rhetoric.

I'm no idiot. i bought Chinese Solar stock today at the 1 minute warning bell today. It might go down more, (at which point I will double down) because I am pretty sure it will be worth 300% to 1000% my investment within 1-2 years. I begged for USA renewable energy stock to back, but everybody is confused here. Obama has said he will sprinkle out the money to see what grows. In reality, he is just diluting its effectiveness.

[Jester]

Next section of my "G20 for Dummies". I will play the role of head dummy:


13. We can’t trust our financial system, but you can trust countries that run up ridiculous debts.
14. In an effort to make sure absolutely nobody loses, we will guarantee nobody wins
15. Change the word Forum to Board. Create an early warning system that will go off more than car alarms at 4am. Remember how Obama was against a Global Systemic Risk Regulator? Well, he just signed on to it. Do Dems ever read what they sign? I’m guessing there only worry was Obama bringing a financial literate to read this and say “whoa”. Fortunately for them, Obama just brought Geithner.
16. November all hell will break loose when the world decides the USA is a virus on their economic well being and globalize (instead of nationalize) our entire country.

[Jester]

17. Real growth comes from developing countries. Yes 8% GDP increase is greater than 3% GDP increase in terms of simple ratios, but if the 8% increase accounts for 1% of the whole (8% * 1% = 0.08% of the pie) where 3% of 30% = 0.9% of the whole) (Just random %’s by the way). Additional $850 billion of IMF money to the poor countries (tax the rich, with all of the G20 being the rich, and the USA being the rich of the G20, so Global Obamanomics). Keep in mind they expect high failure rates on these *investments*.
18. Mexico is singled out for rewards of the Flexible Credit Line
19. Can’t repeat the need to ratify the 4th amendment enough (which starts the flow of SDR-Special Drawing Rights).
20. http://www.imf.org/external/np/fin/quotas/pubs/ Give the countries that only draw from the IMF (not deposit) a greater role on the board. They won’t be raising *taxes* on the bottom 95% (unfortunately the USA is in that 5%) In Oct. 2008, the IMF wanted to minimize the USA role in the IMF with absolutely no financial benefits going to the USA. G20 is pushing that idea with more strength here.
21. These changes are not final and we reserve the right to take this further.



22. Singled out the USA on protectionism. Given warning they are watching us. USA must report to WTO on anything even smelling like protectionism. Another $250 billion to finance trade for welfare countries.
23. EU warns USA on agriculture protectionism. China, India, Brazil, S. Africa warns Europe / USA likewise. They don’t like our farm subsides. If they could cut the USA out of agriculture, $150 billion swing in favor of everybody else.
24. Not limited to above.



25. Another $50 billion to World Bank for welfare countries’ social programs. Too many programs mentioned here to go over in detail. Basically this is literal welfare for poor and failing (vulnerable) countries. Will sell off actual gold reserves to achieve this.
26. Supposed job creation for poor countries. (so their labor will be paid for, and the USA will have to compete with that … without being able to help its citizens (unlevel playing field amplified)
27. Our money will pay for green stimulus in welfare countries
28. Climate change will achieve complete agreement no later than the end of this year.


29. We will meet again before year end to loot more money from the US coffers.


Analysis
In no uncertain terms, the IMF, WTO, World Bank, etc guaranteed USA deposits will be exponentially increased and the USA’s ATM card says “deposit only”. In exchange for pushing all this money to all the other countries, these global organizations will be able to monitor the USA economy (with almost no restriction). To make sure the USA doesn’t use its seat at the table to override anything later, shares of the board will be shifted away from the USA over to the developing and welfare countries. Oh the USA should pay for their social programs and green energy development as well. Act now and we won’t tell the world we were laughing AT Obama, not WITH Obama as the USA seems to think.

And for those that need a very simple explanation: the Afghanistan Rape Law was applied to Obama (and the USA). Overheard at the G20 meetings

Is Obama gonna sue us for rape?
No, he doesn’t even know he was raped. We convinced him he was pretty and that all virgin Presidents do it.

[Jester]

And for those that need it spelled out in simple terms:

http://www.southparkstudios.com/clips/222624

Stan is Obama bringing money to the World Bank / IMF / WTO, with that role played by the banker.

So this is what happened at the G20 meetings - poof, it's gone.

[Jester]

Anybody else want to comment on the meat of Obama's G20 visit and not the photo ops? I took a quick, yet detailed response to what was actually agreed upon. Why doesn't anybody else care about this stuff?

Look at all the views on this thread. Do people care more about a possible Jester-supra winner take all smackdown (what the title might suggest) than actually discussing what Obama is ACTUALLY doing instead of what his speeches convey?

[supra5677]

I agree with your assessment 99%. Obama essentially gave America's cards to the rest of the world. The transfer of wealth will indeed go from America to sold called "emerging markets"...


The only place we disagree on probably the source. Globalization, Free Trade, and Floating currencies is a British System. This system starting historically with the East India Company.

The American System started by Alexander Hamilton wisely recognized the role of sovereignty when coming off a long war with the British. I do feel however that with the 1.4 quadrillions in derivatives in dollar denominated assets the bankers killed themselves without any chance of a re birth. America's productivity per capita per square kilometer has been declining since 1968. As a consequence we allowed the rest of the world to become more productive than us. Now we are losing our intellectual property, creative educational base as well as our society as a whole. Also these SDR currencies are backed by essentially nothing which in the long run is a disaster. Very good Jester.

[agatha]

Anybody else want to comment on the meat of Obama's G20 visit and not the photo ops? I took a quick, yet detailed response to what was actually agreed upon. Why doesn't anybody else care about this stuff?



I'm speechless... :eek:



We've been thinking about buying a bigger house. I'm not so sure now.

[The_Basseteer]

My comment (http://howisthatobamavoteworkingoutforyou.blogspot.com/)

[Jester]

I've wondered if Obama actually did not fail (for himself) this past week. It could just be a backdoor way to pass his Global Poverty Act. Think about it.

[agatha]

I've wondered if Obama actually did not fail (for himself) this past week. It could just be a backdoor way to pass his Global Poverty Act. Think about it.


Heaven help us.

[Wyoming Dem]

I too read the 9 pages and completely agree.

Of special interst to me...
22. Singled out the USA on protectionism. Given warning they are watching us. USA must report to WTO on anything even smelling like protectionism. Another $250 billion to finance trade for welfare countries

So all of the Obama Rhetoric on "Buy American" is absolutely rhetoric and I remember when he first voiced that sentiment shortly after taking office that Canada and Great Britain nearly had a stroke.

23. EU warns USA on agriculture protectionism. China, India, Brazil, S. Africa warns Europe / USA likewise. They don’t like our farm subsides. If they could cut the USA out of agriculture, $150 billion swing in favor of everybody else.

The American market for produce and rice has recently begun to become inundated with products from Mexico, Chili, Costa Rica and Venezuela & Brazil (beef) Canadian beef is also making major headway into American Markets (Primarily coming in through Montana.) They are SUBSTANTIALLY subsidized by the Canadian Government and we can't compete (more again now that the Canadian Dollar has once more fallen below our dollar.)

26. Supposed job creation for poor countries. (so their labor will be paid for, and the USA will have to compete with that … without being able to help its citizens (unlevel playing field amplified)

To the millions who have lost their jobs due to down-sizing or closure in this lousy economy, Obama just gave you all the BIG STIFFY. We wonder why companies are moving out of this country and lower total payout in labor is numero uno (That and non-exisitent EPA standards in many locations)

25. Another $50 billion to World Bank for welfare countries’ social programs. Too many programs mentioned here to go over in detail. Basically this is literal welfare for poor and failing (vulnerable) countries. Will sell off actual gold reserves to achieve this.

That sentence is the stuff that revolutions come from. Our "currency" is just about worthless and the Treasury is running presses triple time to print more. And THAT is the stuff inflation is made of. Everything I have read says that all Congrees and Obama have done is keep the snowball rolling a little farther. They have made money become an ephemeral thing, existing in such quantities they declare (He says it, therefore it is) We are in serious, serious trouble, And to answer the BIG question...

Do people care more about a possible Jester-supra winner take all smackdown (what the title might suggest)

Only if you're naked.


And PS...
[QUOTE][we won’t tell the world we were laughing AT Obama, not WITH Obama as the USA seems to think.
/QUOTE]

With his absolute lack of qualifications and his inability to even choose advisers or help wisely, it was not possible for it to be any other way. Seldom, if ever, do idols remain upright. And thanks to both of you, this was an interesting read and made me stop and weigh some of the consequences. Dark days ahead I am afraid.

[carmaken]

I read something late, late, late in the election season about Obama setting up a global redistribution of wealth. He was supposed to start with the US giving something like $750billion after he became POTUS. ( I can't even remember where the articles came out of.) The jist of it was that his plan way back when he was in the Senate was to have the richer nations give away monies by the billions to the poorer countries. (I think it was called the World Poverty Act, and Biden was in on it with him.) Is this where he is headed?

[carmaken]

I just read the post about the World Poverty Act, so I guess I answered my own question. And that would be my knee-jerk reaction that he was setting this up, anyway you look at it. He should be impeached for treason. We are in such dire straits as a country. Charity begins at home.

[supra5677]

Hillary understands this stuff quite well. This is why George Soros wanted her out ( I have proof will post later ). Hillary is sharp. I was quite impressed how she reversed Obama's missile shield debacle pissing off Europe and Russia in the same day.

[Jester]

Hillary understands this stuff quite well. This is why George Soros wanted her out ( I have proof will post later ). Hillary is sharp. I was quite impressed how she reversed Obama's missile shield debacle pissing off Europe and Russia in the same day.

Is Hillary sabotaging Obama again?