One World Economy
The president’s statement was made during British Prime Minister Gordon Brown visit to Brazil on Thursday on his attempt to push for a global economy. Later at the G20 summit on Tuesday Gordon said: “World leaders also must manage globalization to prevent a repeat of the mistakes that led to the current financial crisis,”
President Luiz Inacio Lula da Silva made the comments after talks with Gordon Brown to try to forge a global consensus on how to save the worldwide economy.
During a press conference, da Silva, who told Brown poor countries should not have to suffer because of the mistakes of the rich. “This is a crisis that was caused by white people with blue eyes. And before the crisis, they looked as if they knew everything about economics.” Said the President in front of the visiting British prime minister, who incidentally only has one eye.
Sky News’ Joey Jones said it was an “uncomfortable” moment for Brown.
“The President does not mind using fairly flamboyant language. He likes to give extensive answers to journalists,” he said. “But some of it was rather awkward for the Prime Minister, who was standing there listening to the President. A few eyebrows will have gone up at what he said.”
Downing Street says the remarks made by da Silva, who is white, were meant for “domestic consumption.”
Jones said: “People in Brazil are very frustrated and angry at what they feel is the injustice of the situation: a crisis that has essentially come from the banking sectors in places like the United States and the U.K., but is affecting their country.”
Following the meeting, Brown told reporters he will urge G20 leaders to back a multi-billion dollar fund to reverse a slide in world trade.
“I’m going to ask the G20summit next week to support a global expansion of trade finance of at least $100 billion to help revive trade in all parts of the world,” he said.
A shortage of trade credit, which allows exporters and importers to settle accounts, has been a factor in a sharp drop in global trade which is exacerbating the economic downturn.
Along with the trade stimulus plan, the Prime Ministersaid he wanted to see global standards on salaries in the finance sector.
He went on to say he believes South America is key to achieving an agreement at next week’s G20 summit in London.
(MIAMI HERALD) The Federal Reserve is dispatching economists to talk about the central bank’s efforts to address the national financial crisis. One of them spoke in Broward on Thursday.
The Federal Reserve wants the public to know it’s not fiddling while the economy burns.
”We’ve got to go out and tell people what we’re doing,” said Thomas J. Cunningham, an economist and vice president of the Fed’s Atlanta branch, after speaking to the Tower Forum, a Fort Lauderdale business group, Thursday morning.
(THE INDEPENDENT) Gordon Brown declared that a $1 trillion package to stimulate economic growth agreed at yesterday’s G20 summit in London will ensure that the world pulls out of recession more quickly.
Speaking after the one-day summit of the world’s richest nations in the Docklands, the Prime Minister said there were “no quick fixes”, adding: “Today’s decisions will not immediately solve the crisis. But we have begun the process by which it will be solved.”
EDITORS NOTE: WE TOLD YOU SO!!!
(PRISON PLANET) World Bank President and Bilderberg elitist Robert Zoellick openly admitted the plan to eliminate national sovereignty and impose a global government during a speech on the eve of the G20 summit.
Speaking about the agenda to increase not just funding but power for international organizations on the back of the financial crisis, Zoellick stated, “If leaders are serious about creating new global responsibilities or governance, let them start by modernising multilateralism to empower the WTO, the IMF, and the World Bank Group to monitor national policies.”
In other words, give global institutions the power to regulate national policy as part of the creation of global government.