As I understand the IMF deal we have essentially promised to funnel US tax payer money to Eastern Europe through the IMF so that they can payback their Western European bankers? And this is a win for Obama and the American people? haven't we done enough of this through the AIG fiasco?

neverlate,

At least we're not the only one funding the funneling.

That's a new twist.

And Sarko pushed for banking transparency with China.

It was not a useless Summit, which most of them are.

But my heart is with the protesters.

Helping developing markets helps ourselves in the long run. Most Americans are too short-sighted to notice. Creating markets in which we can sell our products is indeed good for mainstreet.

In many ways, this summit was truly revolutionary. When in history have so many world leaders from all the largest economies ever gotten together to work on anything?

This was no failure. Obama knew it would be a terribly tough sell. In fact I doubt if he actually thought he's get a G-20 stimulus. When you bargain... you always ask for far more then you know you'll get. The fact that the summit was able to get all these leaders together and that it remained civil is flat out amazing.

It's nice to have a President again!

neverlate: You may want to familiarize yourself with how institutions such as the IMF are funded ...

EMPIRES GEO-ECONOMIC ERA ENDS

The (G-20)&(IMF)

The (G-20) was established in (1999) as a forum for industrialized and developing economies to discuss the global economy, It's group Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, The United Kingdom, the "Empire" and the (EU) European Union. The "Empire based (185) One-hundred-eighty-five-member, (IMF) International Monetary Fund advises governments on economic policy and lends money to help with balance-of-payments problems also participate in meetings, together, member countries represent around (90%) Ninety-Percent of global gross nation product, (80%) eighty per-cent of world trade and (66%) Sixty-Six Percent of the world's population

Era Of Banking Secrets Ends

The main outcome of the (G-20) conference was the ending of the "Empire's" Geo-Economic Era, and beginning of the "New Geo-Economic Sphere." German Chancellor Angela Merkel and French President Nicolas Sarkozy, the French-along with the Germans prevailed as the two European leaders stood firmly on the position that in a crisis money should be used sparingly and wisely, and not a sou of "stimulus money should be spent, without the introduction of more controls to the world financial and economic system, and a rule by which no financial product or participant of the financial market can exist outside the control system ending the ''Era of Banking Secrets' be placed into the (G-20) final Communiqué document. Rejecting as a whole the idea of a yet another monetary "stimulus" injection into the global economy, a position based on the idea of a new reality of Geo-Political, Economic, and Military "Sphere's". Bring down the "Empires" position from a Geo-Economic "Superpower" to first among equals, consisting of (BRIC-- Brazil, The Russian Federation, India, and the (PRC) Peoples Republic of China) and the (EU) European Union, as the "Empire's" Geo-Economic position continues dropping diminishing its status in the "Geo-Economic Sphere" something the "Empire" will need to get use to.

Empire Tax Payer's on Hook

The "Empire" has dropped from representing (33%) Thirty-three percent of the global economy, to (20%) Twenty-percent, and continues to decline, coupled with the failure of the "Empire" resolution on the rejection of national protectionism, despite all the rhetoric by the "Imperial Media Messiah President about a new multilateral era of cooperation and consent. With the "Empire" essentially promising to funnel "Empire" tax payer money to Eastern Europe through the (IMF) so that they can payback debts to their Western European bankers, just a twist on the (AIG) fiasco. British Prime Minister couldn't resist taking a sideswipe at the "Empire", claiming that the "Empire's' Domination of market economics was dead, and when you can't even count on the Brit's to be nice to you, even the "Empire" should guess something serious has changed

WARNING PRODUCT MAY ENDANGER YOUR HEALTH

The (%u20AC 745Bln) Seven-Hundred-Forty-Five Billion Euro's "Bailout" is only (50%) Fifty-percent new money, as (%u20AC 372.5Bln), had been pledged prior to the (G-20) summit, and was in the pipeline long before the London summit, with Japan having given (%u20AC 7.5Bln) Seven-point-five Billion, and the (EU) European Union, pledging the same amount in March of this year, the (PRC) was expected to contribute, (%u20AC 74.5Bln), Seventy-Four-point- five Billion Euro's, but only pledged (%u20AC 29.8Bln), Twenty-Nine-point eight Billion Euro's, with no additional commitments from the "Empire" or Saudi Arabia. By allowing the "Empire" to convince enough of the (G-20) to let the (IMF) and World Bank borrow more money, the "Empire" has extended the fiscal policies leading to the present "Geo-Economic" crisis, and has laid the foundation for a future and larger "Geo-Economic crisis, placing the hand writing is on the wall for greater "debt, unemployment, and inflation".

(SDR's) Special Drawing Right's

The new banking currency know as the (SDR) Special Drawing Rights, "A super-sovereign reserve currency" managed by the (IMF) to be used in both creating and controlling global liquidity, and thereby significantly reducing the risks of a future "Geo-Economic" while enhancing crisis management capabilities has been adopted, the (%u20AC 186.2Bln) One-Hundred-eighty-six- billion Euro, account based on shares held by each of its (185) One-hundred-eighty-five, (IMF) member nations, will replace the present, "Empire" ($) Dollar based reserve currency system, ending the long-standing unease in many countries about the reliance on the "Empire" ($) dollar for the bulk of world trade, investments, pricing commodities, and bookkeeping and stored foreign reserves, letting governments manage their economies more efficiently because the (SDR) value would not be influenced by the needs of any one nation to regulate its own finance and trade allowing the "Empire" ($) Dollar to float, against other currency's eroding the value of the "Empire's" ($) dollar, and one that when Treasury Secretary Timothy Geithner has commented on with agreement, the (NYSE) New York Stock Exchange, promptly responded to by taking a nose dive.

How did Obama do?

Please don't ask. If the response is anything less than glowing, people will get all indignant and immediately go on the defensive.

Better to just say, "Wasn't he wonderful?" and move on.

It's hard to say that he did poorly. The Obamas came across as both stately and approachable. I think there are too many people that see these things as black and white. Good news: the world loves him, which makes it much more politically feasible for foreign leaders to support him. Bad news: now they actually have to walk the walk. Weird news: more coverage of Michelle hugging the queen than of the massive protests.

Don't believe the "people love him" hype. People around the world are way more politically sophisticated than we think they are. The protests were not covered adequately.

We are not loved all that much. Obama must crack down on the banks and our financial sector if he is to gain credibility.