DAY 1 AT G-20 SUMMIT IN LONDON

THE NEXT G-20 MEETING WILL BE IN NEW YORK IN THE FALL.

LIVE FROM 2009 G-20 IN LONDON
http://www.londonsummit.gov.uk/en/

G-20 WEBSITE
http://www.g20.org/
http://www.g20.org/pub_communiques.aspx
http://www.youtube.com/hmtreasuryuk

GERALD CELENTE MORE RIOTS WORLDWIDE
http://www.youtube.com/watch?v=aaSKJ75EMoc&feature=player_embedded

MAX KEISER FIRE THE BANKERS
http://www.infowars.com/max-keiser-go-after-the-bankers/
http://www.eyeblast.tv/public/checker.aspx?v=ydkUqG6UqG

Bilderberg-chairman: Bilderberg helped create the Euro
Jurriaan Maessen Infowars April 2, 2009

Belgian viscount and current Bilderberg-chairman Étienne Davignon

According to Belgian viscount and current Bilderberg-chairman Étienne Davignon, the Euro was helped created by the Bilderberg Group in the 1990’s. He admitted this in an interview to the EUobserver online newspaper on March 16 2009. While talking about his expectations of the EU-summit on March 19 and the G20-meeting in London two weeks later, he comments: These two meeting are going to be important because of what (the media) will say- is it a lot of jaw-jaw and everything will get worse? Or maybe it’s the beginning of a realisation that the world will no longer be the same and we are going to do something about it.After this he brings the annual Bilderberg-meetings into the conversation, saying something that was considered a ‘conspiracy theory’ for the past couple of decades, but is now confirmed by none other than the current chairman of the secretive group. Here is the actual quote from the article: A meeting in June in Europe of the Bilderberg Group- an informal club of leading politicians, businessmen and thinkers chaired by Mr. Davignon- could also improve understanding’ on future action, in the same way it helped create the Euro in the 1990s, he said.’

The article concludes with Davignon’s assessment that: People understand confusedly that there is a change (in the air). (…). But no government will satisfy the reactions of the people. They have the greatest reticence and cynicism against everybody who holds responsibility.

SUMMIT-UPDATE 1-Russia proposes study on world currencies
Thu Apr 2, 2009 9:42am EDT

LONDON, April 2 (London) - Russia proposed on Thursday launching a IMF or G20 study on creating a new international reserve currency, but the idea was not discussed at the London economic crisis summit.Strengthened regional currencies would be a basis for the new unit, which could also be partially backed by gold, Russia said in a statement released on the sidelines of the summit.China and Russia in recent weeks have floated ideas about reducing reliance on the U.S. dollar as the world's primary unit of foreign exchange, possibly by developing the Special Drawing Rights issued by the International Monetary Fund.But the G20 Financial Summit has focused firstly on promoting economic growth and repairing the financial system -- not on the longer-term task of overhauling the foundations of the global monetary system.However, the idea is gaining some momentum since one underlying cause of the current crisis is viewed as heavy reliance on U.S.-dollar-based assets as the only highly liquid instrument to invest in.The new global reserve currency has not been discussed at the summit. We only discussed it at several bilateral meetings, Russian President Dmitry Medvedev's chief economic aide Arkady Dvorkovich told a news briefing.

The Russian statement called developing the global currency system a very important issue for strategic, rather than tactical, solutions to the financial crisis.It said that we should return to this topic in the months immediately after the summit.The reasons for promoting discussion are that currency markets are extremely unstable, new regional currencies are strengthening and the euro's launch showed how it could promote fiscal discipline.At the same time, countries with major currencies do not bear sufficient responsibility for macroeconomic policies," the statement said. The dollar currently is the world's largest reserve currency, followed by the euro, sterling, yen, and Swiss franc.On this basis we conclude that it would be wise to support the creation of strong regional currencies and to use them as the basis for a new reserve currency. One could also consider partially backing this currency with gold,Russia said.It is not our goal to destroy existing institutions or to weaken the dollar, pound or euro. We are simply calling for a joint assessment of how the global currency system can most favourably be developed for the sake of the global economy.

Accordingly, Russia proposed that the IMF or a G20 working group prepare studies, for review by G20 finance ministers and central bankers, on:
- Widening the list of currencies used as reserve currencies - by taking coordinated measures to stimulate the development of major regional financial centres;
- The creation of a supranational reserve currency to be issued by international financial institutions conduct.

G-20 to give $1 trillion to IMF, World Bank By JANE WARDELL, AP Business Writer APR 2,09

LONDON – Global leaders pledged an additional $1 trillion to restore credit, growth and jobs in the world economy on Thursday, exceeding expectations in their plan to deal with the financial crisis.The Group of 20 nations also agreed to renounce protectionism and pledged $250 billion in trade finance over the next two years — a key measure to help struggling developing countries, whom they promised to give a greater say in world economic affairs.The G-20 also outlined a raft of policies to rebuild trust in the financial system, including a crackdown on tax havens and hedge funds and new rules on linking executive pay to performance.While they did not agree to any new fiscal measures, Prime Minister Gordon Brown said the $1 trillion deal to boost funds for the International Monetary Fund, World Bank and other global institutions was unprecedented.Today the largest countries of the world have agreed on a global plan for economic recovery and reform,Brown said after hosting the emergency summit in London's Docklands district.For the first time we have a common approach to cleaning up banks around the world to restructuring of the world financial system. We have maintained our commitment to help the world's poorest, Brown said.This is a collective action of people around the world working at their best.The sweeping G-20 communique bridged a gap between the United States and European countries led by France and Germany over how far to push changes on regulation to curb the market excesses that led to the current crisis.

G20 leaders nearing deal on new-model IMF
ANDREW WILLIS Today APR 2,09 @ 14:47 CET

EUOBSERVER / LONDON - Leaders of the G20 industrial nations finished breakfast on Thursday (2 April) morning at London's Excel Centre and began the final phase of tough negotiations on how to reform the International Monetary Fund (IMF) and boost its resources.You need to appoint someone democratically at the IMF,said Irish campaigner and former pop singer Pop Geldof on the summit's sidelines. Mr Geldof, who for many years has put pressure on Western leaders to increase aid to developing countries, said the days of European and American domination of the world's multilateral lenders, such as the IMF and the World Bank, have to come to an end.He added that leaders must live up to aid commitments given at the 2005 G8 meeting held at Gleneagles in Scotland at which they promised to increase aid by $50 billion (€37 bilion) annually by 2010.G20 leaders are currently negotiating the exact amount of new funding to be handed to the IMF, following an agreement by G20 finance ministers on 14 March to make a substantial increase.Last month the US surprised the world by saying the fund's resources should be tripled to $700 billion (€524 billion).UK financial secretary to the treasury Stephen Timms told reporters on Thursday at the summit that he was confident G20 leaders would agree on a final figure for the summit's communique.We are certainly looking at a doubling,he said.We will have a figure by the end of the day.Douglas Alexander, the UK's secretary of state for international development, told reporters that the partial sale of the IMF's sizeable gold reserves was being considered as a means to supplement the fund's lending capacity.

beyond stigma

He added that past hang-ups associated with seeking a loan from the IMF were disappearing rapidly and he welcomed Mexico's announcement on Wednesday to apply for a $47 billion credit line. The new facility that Mexico is taking advantage of shows we have gone beyond the era of stigma,said Mr Timms. Mexico's move is significant, as it marks the first time a Latin American country has applied for a loan from the Washington-based multilateral lender since it fell out of favour with the region in the 1990s. Mr Timms also said that leaders were discussing ways to fight the growing threat of rising protectionism since the onset of the financial crisis, suggesting the final communique would contain measures to name and shame states implementing new trade barriers.He was confident that the Doha round of global trade negotiations could be completed this year saying he felt there was an imminent window of opportunity.

Tax-havens are also firmly on the agenda of Thursday's meeting.

Mr Timms indicated that leaders would agree on a system of sanctions for those states that refused to share banking information, adding that the list of states to receive such sanctions would be produced in due course.

G20 to bulk up IMF in response to crisis
Thu Apr 2, 2009 9:59am

LONDON (Reuters) - World leaders will triple the war chest of the IMF to fight the worst economic crisis since the 1930s and impose new curbs on financial markets, monetary sources at the G20 summit said.The communique drafted for the meeting, obtained by Reuters, said leaders would submit large hedge funds to supervision for the first time and enhance regulation through a new agency and a beefed-up International Monetary Fund.Stocks, battered by the crisis, rose on hopes a strong agreement would add to some signs that the downturn may bottom out. The index of top European shares was up 3.3 percent after Japan's Nikkei gained 4.4 percent.Monetary and developing country sources said the latest draft summit communique provided for a $500 billion boost to the IMF's resources, raising to $750 billion the funds it can make available to countries worst hit by the global crisis.I think we are going to have some pretty impressive figures,British foreign minister and G20 envoy Mark Malloch-Brown told BBC Radio.The IMF would also be able to borrow money on international markets if needed, the sources said. Another British minister said leaders would discuss possible sales of IMF gold reserves, which could raise yet more cash, although he did not expect an immediate decision on Thursday.The G20 were also close to agreeing a trade finance package worth $250 billion to support global trade flows, a source at the summit in London told Reuters. Brown had been targeting at least $100 billion to help reverse the decline in trade following the credit crunch.

This is a positive step to jump start global trade flows. It is a significant contribution toward solving the problem,said Eoin O'Malley, senior adviser on international trade at BusinessEurope, Europe's top business group.But the key now is implementation. G20 governments must act quickly to provide this finance to companies that need it urgently,he told Reuters.

TAX HAVENS

The world economy will shrink this year for the first time since World War Two and tens of millions of people are expected to lose their jobs.G20 leaders agreed that blacklists of tax havens should be published in the near future, a European diplomat said.The G20 has agreed that it will be the OECD which will publish the tax haven list imminently,said the diplomat, who is attending the summit in London.But it was unclear whether the vague timing would satisfy France and Germany, which have led demands for a crackdown on tax havens they blame for allowing the wealthy to avoid paying their fair share at a time of growing economic hardship.Paris said on the eve of the summit it would refuse to sign any concluding document that failed to satisfy its demands.The draft communique included a pledge to deliver the scale of sustained effort necessary to restore growth," but without making any commitments beyond the trillions already being spent to stabilize banks, shore up demand and limit job losses.Analysts said Thursday's stock market gains would vanish if the summit does not deliver.A good rally is coming through, particularly from Asian markets overnight on hopes for a decent stimulus package from the G20 to lift confidence, especially with regards to emerging economies and a boost to the International Monetary Fund, said Henk Potts, strategist at Barclays Wealth.

CONFIDENCE BOOST

Keen to secure a confidence-boosting message as the world succumbs to recession, U.S. President Barack Obama has said there are no substantive differences with Europe, despite the hardball stance taken by France and Germany over regulation.The most important issue is that we agree ... on the principle that no financial market product, no financial market participant and no financial market can remain without regulation and without supervision,German Finance Minister Peer Steinbrueck told Deutschlandfunk radio.The global economy is expected to contract in 2009 by between 0.5 and 1.0 percent, according to the IMF, whose head, Dominique Strauss-Kahn, is calling it a Great Recession.They are not yet moving quickly enough in doing the cleaning up of the financial system,the Financial Times quoted Strauss-Kahn as saying.

The draft communique contained a pledge by the G20 nations to allow candid, even-handed and independent surveillance of their economies and financial sectors by the IMF, which will take an increasingly central role in global oversight.It also unveiled a new Financial Stability Board to work with the IMF to identify economic and financial risks and measures needed to address them, revamping an existing body called the Financial Stability Forum.Some 400 protesters gathered outside the summit, but were kept well away by police.(Writing by Mark Trevelyan and Keith Weir, editing by Janet McBride)Thomson Reuters 2009.

STORY VIDEO
http://www.reuters.com/news/video?videoId=101370&newsChannel=G20
http://www.reuters.com/news/video?videoId=101378&newsChannel=G20
http://www.reuters.com/news/video?videoId=101205&newsChannel=G20

G20 to up IMF resources by $500 billion: sources
Thu Apr 2, 2009 10:05am EDT

LONDON (Reuters) - The latest draft of the G20 communique calls for an increase of International Monetary Fund resources by $500 billion, taking its total available for lending to $750 billion, G20 sources said on Thursday.A G20 source from a large emerging market country said in addition the leaders were discussing allocating between $100 billion to $250 billion worth of IMF Special Drawing Rights for its member countries, which would put IMF resources close to $1 trillion.That would effectively triple the amount of resources available for lending through the global financial institution, from the $250 billion the IMF is already able to tap to help shore up economies hit by the global financial crisis.Japan and the European Union have already said they will give $100 billion each, and the United States has indicated it will give at least that amount. Norway has also committed $4.56 billion to support the IMF.In addition, Canada announced on Thursday it will contribute C$10 billion to the IMF.One source said the communique opened the door to the IMF going to capital markets to borrow, if needed, to shore up its resources.The Fund considered borrowing on capital markets during the debt crisis of the early 1980s.The IMF is authorized to borrow under its articles of agreement to replenish its holdings of currencies that are needed for lending.It has also recently said it could issue bonds denominated in Special Drawing Rights, and China has indicated it would be interested in contributing to the IMF's war chest this way.Another source said there was a reference in the communique to IMF gold sales but the language had not been firmed up and it was unclear whether it would be separate from the 400 tons of gold the IMF committed to sell last year as part of a broader restructuring of its income.UK Treasury minister Stephen Timms said the talks referred to gold sales over and above existing plans although others said no concrete decision would be taken at Thursday's summit.What's referred to here is in addition to what has been previously,he told reporters at the summit.(Reporting by Lesley Wroughton and Axel Bugge. Editing by Mark Trevelyan)

Rival press conferences mark summit eve ANDREW WILLIS Today APR 1,09 @ 07:33 CET

EUOBSERVER / LONDON – The eve of formal G20 discussions due to be held in London's Excel Centre in the east docklands area was marked by competing press conferences between old alliances, while a series of bilateral meetings across the city bore considerable results.United States president Barack Obama and British prime minister Gordon Brown both stressed the importance of co-ordinated stimulus spending to jump-start the global economy at a joint press conference on Wednesday (1 April) morning.

Don't short-change the future for fear of the present, said Mr Obama, in reference to his belief that countries needed to go further into the red to boost the struggling global economy. At the same time Mr Obama indicated that the world would have to grow accustomed to the US no longer being the voracious consumer market that many export-based economies had come to depend on. Later on Wednesday, French president Nicolas Sarkozy and German chancellor Angela Merkel, not known for their close relationship, held a competing press conference in the afternoon where they stressed the need for improved regulation of the financial markets. In the results, we want the principle of new regulation to be a major objective ...This is not negotiable,said Mr Sarkozy.

Countries that do not stick to agreements must be named. The communiqué needs to set out very concrete steps. The summit must delineate the new architecture of financial markets,said Ms Merkel.At the same press conference Mr Sarkozy laughed off previous threats to walk out of the formal discussions on Thursday saying: It would be awkward for me to leave when I've only just arrived.

Bilaterals bear fruit

The day was also characterised by a hectic schedule of bilateral meetings before leaders sat down to a dinner cooked by British celebrity chef Jamie Oliver at No.10 Downing Street that evening. Analysts claimed Mr Obama's meeting with Russian president Dmitry Medvedev as a major breakthrough in improved relations with the announcement of a surprise meeting this summer.I have agreed to visit Moscow in July, which we both agreed was a better time than January to visit,said Mr Obama. The two sides expressed their intention to cut supplies of nuclear weapons and strengthen non-proliferations treaties. Meanwhile, China and France agreed to resume high-level contacts following a diplomatic spat last December when Mr Sarkozy met the Tibetan spiritual leader, the Dalai Lama.

What's on the table?

European Commission chief Jose Manuel Barroso briefed press on the Eurostar on the way to London, saying the summit would name and shame tax haven countries, which will face meaningful consequences after the event. An IMF source told Reuters that the US will propose tripling the fund's resources to $750 billion (€570 billion) instead of the doubling to $500 billion previously mooted. Russian press says that IMF member countries may benefit from a new $370 billion credit line. UK daily The Telegraph reports that the summit communique will include a new curb on bankers' pay, with high risk-taking financiers in future to be paid in long term share options instead of year-end cash bonuses.Street protests in London on Wednesday night were largely peaceful. But pockets of violence, such as an attack on a branch of the Royal Bank of Scotland, led to 87 arrests. One protester collapsed with breathing difficulties and died.

WELL SINCE THE BIBLE SAYS THE EU WILL CONTROL THE WHOLE WORLDS ECONOMY THAT MEANS THE UN WILL BE FOLDING FOR HATRED AGAINST ISRAEL,GOD WILL MAKE SURE OF THAT.

UN chief says crisis could result in failed states
Apr 1 09:14 PM US/Eastern

UN chief Ban Ki-moon warned Thursday that failing to act to halt the global economic crisis could lead to widespread social unrest and failed states, ahead of the G20 crisis summit here.What began as a financial crisis has become a global economic crisis,the UN secretary general wrote in an article in the Guardian newspaper. I fear worse to come -- a full-blown political crisis defined by growing social unrest, weakened governments and angry publics who have lost all faith in their leaders and their own future.He said the global economic downturn affected the poorest countries the most, and noted that in these countries things fall apart alarmingly fast. Unless we build a worldwide recovery we face a looming catastrophe in human development, Ban wrote.World leaders meet in London on Thursday to decide how to tackle the global financial crisis, but are divided on whether to boost the world economy with an injection of capital, or to focus on new rules to prevent another such crisis. Ban called for a truly global stimulus package, and argued that developing countries need one trillion dollars over 2009 and 2010.He added: There is a thin line between failing banks and failing countries, and we cross it at our peril.AFP 2008.