G20 tackle US-China currency concerns
This is MUCH BIGGER than I realized!
12 November 2010 Seoul South Korea
Leaders of the G20 agreed to avoid competitive devaluation of currencies.
Leaders agreed to come up with guidelines to tackle trade imbalances affecting world growth.
Tensions had been high between some delegations over how to correct distortions in currency and trade.
But the agreement fell short of a US push to limit trade deficits.
Some fear the conflict, chiefly between China and the US, may threaten global growth.
Barack Obama said there should be no controversy about fixing imbalances "that helped to contribute to the crisis that we just went through".
"Exchange rates must reflect economic realities. Emerging economies need to allow for currencies that are market-driven. This is something that I raised with President Hu of China and we will closely watch the appreciation of China's currency."
China's currency, the yuan, is artificially weak and gives Chinese exporters an unfair advantage as well as leading to Beijing amassing huge foreign reserves.
However, Chinese officials argue that Beijing has an unswerving commitment to reform its currency regime, but that global economic stability is needed to achieve it.
UK Prime Minister David Cameron said progress was being made on the issue of imbalances.
"Slowly, slowly China is moving into a position of actually increasing domestic consumption, rebalancing its economy," he said.
However, the agreement to develop new guidelines to prevent so-called "currency wars" fell well short of the 4% limit on national trade deficits and surpluses proposed by the US, which had been blocked by China and Germany - the world's two largest exporters.
"This was never going to be solved overnight," Mr Cameron added.
And South Korea President Lee Myung-Bak admitted that "on the foreign exchange rate issue, principles were agreed at the finance ministers' meeting, but there was no word on when and up to how much we will implement them".
The G20 leaders also gave their backing to reforms designed to give emerging economies such as China a bigger say in the International Monetary Fund.
UK Prime Minister David Cameron says China rebalancing its economy is "good news"
In their communique, leaders said they were delivering "a modernised IMF that better reflects the changes in the world economy through greater representation of dynamic emerging markets and developing countries".
UK sources say that officials from the UK, France and Russia had to be called in the early hours of this morning after "fractious" negotiations between China and the US broke down in "acrimony".
But at the end of the summit, the European Union said in a statement that it was "satisfied" with the outcome.
The G20 also committed itself to completing soon the long-running Doha Development Round of global trade talks, saying that 2011 presented a "critical window of opportunity, albeit narrow" to conclude the discussions.
And it signed the Seoul Development Consensus for Shared Growth, committing it to work in partnership with other developing countries on trade, development and investment.
Meanwhile, the UK, France, Germany, Italy and Spain issued a joint declaration to try to calm bond market jitters over a possible future EU bail-out fund.
As Irish bond yields reached a fresh high, leaders discussed the Irish Republic's debt crisis amid concerns that the European Union will have to step in.
"Any new [bail-out] mechanism would only come into effect after mid-2013 with no impact whatsoever on the current arrangements," finance ministers from the five countries said in the declaration.
But despite their statement, world stock markets fell in Friday trading as investors worried about Irish government debt, as well as possible measures in China to tackle inflation.
The G20 group comprises the world's 19 leading national economies, plus the European Union.
It was formed in 1999, and held its first meeting that year.
Until 2008 the G20 was overshadowed by the G8 grouping of France, Germany, Italy, Japan, the UK, the US, Canada and Russia.
However, this has changed since the global financial crisis of 2008, and the G20 has effectively now replaced the G8 as the main global economic forum.
The major growth in the economies of G20 members China, India and Brazil has also contributed to the rising importance of the grouping.
The G20 currently meets twice a year, but this is set to reduce to one meeting from 2011.
China sub launches missiles off US coast day before G20 summit
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G-20 Meeting in Scotland about Dumping U.S. Dollar
Just reporting - you discern. Estulin says 'this week' but he wrote it Nov 3.
It looks like he says the USA is complicit in this scheme.
November 3, 2010 Daniel Estulin states that the key issue to be discussed this week at the G20 Finance Ministers and Central Bank Governors Meeting, being held in St. Andrews, Scotland,
how to bring down the present world financial system. Estulin first reported on this initiative as being deliberated at the most recent Bilderberg meeting held in Greece in May 2010.
Estulin says that the success or failure of this callous plan hinges on the ability of the US and UK representatives to convince the Russian, the Chinese and other national governments to go along with their scheme.
Estulin maintains that if the co-conspirators succeed, such sudden devaluation of the US dollar would result in the sinking of the world economy through a chain-reaction collapse of the entire world's financial system.
As discussed during the Bilderberg Group's super-secret conclave back in May, this breakdown would then be used as an excuse to launch a new world monetary system.
G20 leaders are aware that those who run the monetary markets, the monetary system, control the world.
That is why today, the world is run through a dominant one-currency monetary system and not by national credit systems.
------------ Other links --------------
G20 Meet To Finalize Dumping Of Dollar?
Apparantly Estulin is the ONLY source of this info.
Nov 4, 2009
Researcher and author Daniel Estulin, best known for his exposé of the ultra secretive Bilderberg Group, says inside sources have informed him that the core focus of the G20 meeting this weekend will be to discuss ditching the Dollar and implementing a global centralized monetary system.
A press release detailing Estulin’s statements says that G20 Finance Ministers and Central Bank Governors, meeting in St. Andrews, Scotland, will debate actions to sink the U.S. Dollar, thereby crashing the present world financial system.
The instability and chaos resulting out of such a breakdown would act as a pretext to launch a consolidating new economic world order.
“Estulin says that the success or failure of this callous plan hinges on the ability of the US and UK representatives to convince the Russian, the Chinese and other national governments to go along with their scheme.” http://www.prisonplanet.com/g20-m...o-finalize-dumping-of-dollar.html
Disaffected Koreans kept away from G20
Hmmmm .. This link I found, its interesting
North Korea fires on South Korea
14 Nov 2010 From Brian Kay in Seoul, South Korea
It had been painstakingly orchestrated over the last few months.
From the flower-lined, litter-free streets and the taxi drivers ordered to maintain a tidy appearance, to the special law banning demonstrations near the site of the event and the schoolchildren diligently taught about the benefits of being the first Asian host of a G20 summit, Seoul was determined to turn on the charm.
President Lee Myung-bak was insistent that his country’s moment in the sun – the event has been called South Korea’s “coming-of-age party” – be gilt-edged and unmarred by any sour notes or nasty protests. Some have likened the level of control to how the then ruling dictatorship prepared for Seoul’s hosting of the 1988 Olympics.
In the end, the threatened violent protests did not materialise to any great degree. The fortifications built around the key summit sites and the 60,000 police and riot officers deployed appeared to just about maintain the squeaky-clean facade of contentment in the capital of the Far East’s “economic miracle”.
Yet the fear in the weeks leading up to the arrival of the world leaders had been that the pesky neighbour, North Korea, would launch an attack. The security forces were also on red alert for possible terrorist strikes and were barring international activists from entering the country at airports.
Communique from G20 meeting in Scotland
Nov 7, 2009 Reuters
Following is the text of the communique issued by finance ministers and central bank governors at their meeting in St. Andrews, Scotland.
1. We, the G20 Finance Ministers and Central Bank Governors, met at a critical point in the recovery from the crisis to deliver the work remitted to us at Pittsburgh.
2. Economic and financial conditions have improved following our coordinated response to the crisis. However, the recovery is uneven and remains dependent on policy support, and high unemployment is a major concern. To restore the global economy and financial system to health, we agreed to maintain support for the recovery until it is assured.
3. To underscore our new approach to economic cooperation, we launched the G20 Framework for Strong, Sustainable and Balanced Growth, adopted a detailed timetable and initiated a new consultative mutual assessment process to evaluate whether our policies will collectively deliver our agreed objectives. We will be assisted in our assessment by IMF and in our assessment by IMF and World Bank analyses and the input of other international organizations as appropriate, including the FSB, OECD, MDBs, ILO, WTO and UNCTAD. We agreed a compact:
-- to set out our national and regional policy frameworks, programmes and projections by the end of January 2010;
-- to conduct the initial phase of our cooperative mutual assessment process, supported by IMF and World Bank analyses, of the collective consistency of our national and regional policies with our shared objectives, taking into account our institutional arrangements, in April 2010;
-- to develop a basket of policy options to deliver those objectives, for Leaders to consider at their next Summit in June 2010; and,
-- to refine our mutual assessment and develop more specific policy recommendations for Leaders at their Summit in November 2010.
4. Our first challenge in using the Framework will be the transition from crisis response to stronger, more sustainable and balanced growth, consistent with our goals of sustainable public finances; price stability; stable, efficient and resilient financial systems; employment creation; and poverty reduction. While we will continue to provide support for the economy until the recovery is secured, we also commit to develop further our strategies for managing the withdrawal from our extraordinary macroeconomic and financial support measures. We agreed to cooperate and coordinate, taking into account any spillovers caused by our strategies, and consulting and sharing information where possible. To ensure credibility, our plans will be based on prudent assumptions and communicated promptly and transparently. We agreed to implement our plans flexibly, taking full account of variations in the pace of economic recovery and market conditions across countries and regions, and the complex interactions between different policy areas. The IMF and FSB will continue to assist us in reviewing strategies and implementation, identifying areas where coordination is particularly important and providing assessments of their collective impact on the global economy and the financial system. We welcome the work of the IMF and FSB to develop principles for exit.
5. The International Financial Institutions (IFIs) will play an important role in supporting our work to secure sustainable growth, stability, job creation, development and poverty reduction. It is therefore critical that we continue to increase their relevance, responsiveness, effectiveness and legitimacy. To this end, we reaffirmed our commitment to: deliver the representation and governance reforms agreed in Pittsburgh and reiterated the deadlines of the 2010 Spring Meetings for the World Bank and January 2011 for the IMF; complete the 2008 quota and voice reforms; complete the review of World Bank and RDB capital to ensure they have sufficient resources conditional on reforms to ensure effectiveness, by the first half of 2010; make progress on reviewing the mandate of the IMF; and, strengthen their capability to prevent and manage future crises. We look forward to the ambitious replenishment of IDA and the African Development Fund, and the work on exploring the benefits of an IDA crisis facility, and the work on the Stolen Assets Recovery Programme. We call on the IEA, OPEC, OECD and World Bank to produce a joint report for our next meeting on energy subsidies, and working with our Energy Ministers, we will prepare at that meeting implementation strategies and timeframes, based on our national circumstances, for rationalizing and phasing out inefficient fossil fuel subsidies that encourage wasteful consumption, and for providing targeted assistance programmes. We call on the relevant institutions to finalize their work on ways to avoid excessive commodity price volatility and reaffirm our commitment to publish national data.
6. To continue strengthening the global financial system we agreed to work with the FSB to maintain the momentum of our programme of reforms, and ensure their full, timely and consistent implementation and a level playing field, in particular:
-- to strengthen prudential regulation, we emphasized the need for the Basel Committee to develop stronger standards by end-2010 to be phased in as financial conditions improve and the economic recovery is assured, with the aim of implementation by end-2012. We call on supervisors to ensure that banks retain, as needed, a greater proportion of their profits to build capital to support lending;
-- to ensure that compensation policies and practices support financial stability and align with long-term value creation, we commit to incorporate urgently within our national frameworks the FSB standards, and call on firms to implement these sound compensation practices immediately. The FSB will start assessing implementation without delay and report back with further proposals, as required, by March 2010;
-- we welcome the new IMF/BIS/FSB report on assessing the systemic importance of financial institutions, markets and instruments, and the FSB's work to reduce the moral hazard posed by systemically important institutions. We call for the rapid development of internationally consistent, firm-specific recovery and resolution plans and tools by end-2010. We look forward to discussing at our next meeting the IMF's review of options on how the financial sector could contribute to paying for burdens associated with government interventions to repair the banking system; and,
-- we welcome progress by the Global Forum on tax transparency and exchange of information, and the possible use of a multilateral instrument. To continue tackling non-cooperative jurisdictions (NCJs), we welcome progress made and call on the Global Forum, FSB and FATF to complete their peer review processes, and to assess adherence to international standards. We call on the relevant international institutions to further develop incentives and countermeasures as appropriate, in line with the timescales agreed in Pittsburgh, including through publishing lists of NCJs, and review capacity-building mechanisms to support the efforts of developing countries.
7. We committed to take action to tackle the threat of climate change and work toward an ambitious outcome in Copenhagen, within the objective, provisions and principles of the United Nations Framework Convention on Climate Change (UNFCCC). We discussed climate change financing options and recognized the need to increase significantly and urgently the scale and predictability of finance to implement an ambitious international agreement. Public finance can leverage significant private investment. Increasing the scope of carbon markets would depend on policy frameworks of developed and developing countries and on the depth of emission reductions on the part of developed countries. To deliver this financing, coordinated equitable, transparent and effective institutional arrangements will be needed. Coordination of support for country-led plans and reporting of this support should be ensured across all financing channels, multilateral, regional and bilateral. We discussed a range of options and, recognizing that finance will play an important role in the delivery of the outcome at Copenhagen, we commit to take forward further work on climate change finance, to define financing options and institutional arrangements.
8. We thanked our UK hosts for their presidency of the G20 this year and welcomed the Republic of Korea as chair in 2010. We have agreed that France will chair in 2011.
G20 summit in Mexico, Leaders alarmed over eurozone crisis
19 June 2012 The ONLY CRISIS is ECONOMIC, and that was planned by globalists.
World leaders meet at a G20 summit in Mexico have urged Europe to take all necessary measures to overcome the eurozone debt crisis.
The challenges are not only European, they are global, said European Commission President Jose Manuel Barroso.
Greek election did not give stock markets the expected boost.
The winner, Antonis Samaras, is holding talks to form a coalition.
He may need to amend the bailout agreement reached with the IMF.
But unemployment and huge hardships is exactly where the Beast wants all humans.
But German Chancellor Angela Merkel said the new Greek government has to implement the commitments.
BBC is informative and detailed, but an arm of the Beast
The G20 are meeting just prior to the U.N. Earth (DEATH) Summit in Rio 2012
The Two Men Barely Looked at Each Other
When Barack Obama and Vladimir Putin met with the press after their long private discussion, The two men barely looked at each other.
You could just feel the tension between them.
And the body language really represented how far apart the two leaders remain on the issue of Syria.
It is clear that Obama did not get an agreement from Putin.
Apparently Obama got a bit of a lecture from Putin about some other failed transitions that are going on around the world.
UK, France and Germany back global tax rules at G20
16 February 2013 G 20 want a global tax - This is a BIG deal!
The UK, France and Germany have launched a drive for new global rules to clamp down on corporate tax avoidance.
They are seeking backing from others at a G20 meeting in Moscow.
Multinational firms exploit gaps between tax rules in the different countries in which they operate.
International action needed to crack down on companies which transfer profits from their home country to another in order to pay lower taxes.
They want businesses to pay the taxes set in home countries.
Let's play global currency wars
Feb. 8, 2013 Japan is leading the way as nations look to boost exports by devaluing their currencies. Here's how investors can profit from this battle.
The decision of the new government of Prime Minister Shinzo Abe in Japan to weaken the yen against the world's other currencies has set off a new round of warnings about a global currency war.
The warning echoes cries from Brazil in 2011 as a steady appreciation of the real against the currencies of trading partners such as China devastated Brazil's manufacturers. This time, remarks like these from the perpetually understated German Chancellor Angela Merkel have raised a red flag: "I do not want to say that I can look at Japan at the moment without any concern," she said at the World Economic Forum in Davos, Switzerland, last month.
But what is most interesting to me as an investor is that although some countries have decided to fight these wars tooth and nail, others have decided to sit them out. I think that creates a clear divide between countries like Japan that have decided to play for the short term and those such as Singapore that see a clear long-term advantage to not fighting in the short-term war.
And I think your portfolio should reflect that division of the world into short-term currency war combatants and long-term noncombatants. I'll have picks for you from both categories later in this column.
Why Japan wants a fight
You can certainly understand why Japan's government wants to fight the short-term currency battle.
In the last part of 2008, the yen traded at 109.89 to the U.S. dollar, making Japanese exports relatively cheap for overseas consumers. That increased the competitive edge of Japanese exporters such as Toyota Motor (TM -0.04%, news) and Canon (CAJ +0.60%, news) and increased the profits of any company that sold outside of Japan and then translated those sales from dollars or euros into a cheaper yen. The exchange rate was especially valuable to companies such as Mazda Motor (MZDAY +3.56%, news) -- which trades as 7261.JP in Tokyo -- and Fuji Heavy Industries (FUJHY +0.07%, news) -- which trades as 7270.JP -- that did most of their manufacturing in Japan and that therefore got the biggest benefit from a cheap yen. (Mazda now manufactures 71% of its vehicles in Japan. Fuji Heavy, the maker of Subaru, does 75% of its manufacturing there.)
But as the yen climbed from near 110 to the dollar at the end of 2008 to 76 to the dollar at the end of 2012, Japanese exporters took a beating. (Remember that since the yen/dollar exchange rate is usually cited as yen to the dollar, the higher the number, the cheaper the yen.) Credit Suisse calculates that the higher yen has cost Japanese automakers 3.68 trillion yen (roughly $40 billion at 90 yen to the dollar) in the five years that ended March 2012.
In response to a more expensive yen, Japanese manufacturers moved jobs from Japan to lower-cost countries such as China, Thailand, Mexico and the United States, in an echo of the hollowing-out we've seen in U.S. manufacturing. As a result, in December 2012, the number of manufacturing jobs in Japan fell below 10 million for the first time since 1961.
No wonder, then, that in the run-up to the December elections for the lower house of parliament, the emphasis was on how to revive the Japanese economy -- and quickly. The country had slipped back into recession, with a 3.5% annualized drop in gross domestic product in the third quarter (following on a revised 0.1% drop in the second quarter). The quickest way to get the job done, Liberal Democratic Party leader Abe argued, was a massive program of bond buying by the Bank of Japan focused on the purchase of foreign securities that would drive down the price of the yen.
With currency markets anticipating what turned out to be an Abe victory in December, the yen began to fall even before the votes were cast. The currency has dropped by 14% against the dollar in the past three months, according to Bloomberg.
And you can already see the short-term effects on Japanese exporters. On Feb. 5, Toyota raised its earnings projections for the fiscal year that ends in March by 10%. On Feb. 6, Mazda doubled its earnings forecast for the fiscal year that ends in March. The shares of Japanese exporters have soared. Shares of Toyota were up 34% from the Nov. 11 low as of Feb. 6. Shares of Mazda were up 248% from their Oct. 30 low. (And I think they have further to run, which is why I added Toyota to my Jubak's Picks portfolio. In raising its earnings forecast for fiscal 2013, the company increased its assumption on the value of the yen to 81 to the dollar from 79 to the dollar. The yen traded at 93 to the dollar on Feb. 7, and I expect the currency to weaken further to 100 to the dollar in calendar 2013.
Not yet out of trouble
But as effective as a weaker yen might be in the short term in increasing exports by Japan-based manufacturers and at increasing the profits at these companies, it does nothing to address the structural problems in Japan's economy or the country's long-term demographic challenge.
Japan remains trapped in a deflationary psychology that makes Japanese companies and consumers reluctant to spend. Since everything will be cheaper tomorrow (in yen terms), why buy anything? Since demand is falling, why expand production or capital spending? Japan has an extraordinary level of government debt (240% of GDP), but the country still has a high savings rate (1.9% in 2013, according to projections by the Organisation for Economic Co-Operation and Development), considering years of recession, high (for Japan) unemployment and minuscule interest rates on deposits and government bonds.
Much of Japan's government spending in stimulus packages is politically allocated and has done little to add to real economic growth. The politically powerful countryside still gets more than its share of government outlays. An aging population requires an ever-bigger share of the government budget. A falling population of young workers and restrictive policies on immigration mean an aging, smaller workforce.
And I'd have to question how long Japan's consumers and any businesses that rely on imported inputs will put up with the pain caused by a falling yen. Japan imports almost all of its energy in commodities priced in dollars. In 2012, energy costs rose 10%. And that's before the yen recorded the major share of its recent decline.
That's only the beginning of the long-term costs of a weak-yen policy. A falling currency will eventually push up inflation (which, in the face of Japan's current deflation, would be good) and interest rates (which, given Japan's huge accumulated deficit and need to finance current spending with debt, would be bad). It increases the costs of financing for Japanese companies and it can, by giving companies an earnings crutch, reduce the chances that Japanese companies will restructure to assure continued global competitiveness. And a weak yen will further diminish the standing of Tokyo as a global financial center. In the competition with Hong Kong, Shanghai and Singapore, the decreased political independence of the Bank of Japan is a negative.
For Japan's new government, the balance of short-term pluses and long-term minuses comes down on the side of a weaker yen. Japan will be an aggressor in the global currency wars.
Commentary - G-20 Summit Sept 5-6
The G20 summit is in St Petersburg RUSSIA Sept. 5 and 6
Obama leaves Sept 4. This group of evil will decide this war. Ships are positioning for a strike on Syria - or Iran.
I chose this map as it shows areas. If you read articles that track ships, you get a picture of whats happening.
Ramadan ended in August, after which Muslim believe they can win anything they try.
The Jewish Holy Days, which are GODs appointed days, are in September.
Yom Kippur is JUDGMENT. That begins at sundown September 13
US strike on Syria
Is Putin of Russia campaigning for antichrist?
G20 divided on Syria
Sept. 6, 2013 World leaders meeting for the final day of the G20 summit in Russia remain divided over military action in Syria.
Russia said a US military strike on Syria would drive another nail into the coffin of international law. AMEN!
At the UN, the US idiot ambassador accused Russia of holding the Security Council hostage by blocking resolutions.
The UK says scientists at the Porton Down research laboratories have found traces of sarin gas on cloth and soil samples.
But Mr Assad has blamed rebels for the attack, and rebels have bragged about it.
China and Russia, which have refused to agree to a Security Council resolution against Syria, insist any action without the UN would be illegal.
The US and France are the only nations at the G20 summit to commit to using force in Syria.
The United Nations says it needs another $3.3bn (£2bn) to deal with the Syrian refugee crisis up to the end of this year.
2 setbacks for Obama at G20
Barack Obama was greeted on arrival at the St. Petersburg G20 with a warm handshake from Vladimir Putin.
Opening the summit, Putin said the overriding issue, Syria, would be discussed over dinner.
Obama to meet with French President Holland who backs US military action against Assad. DEBKA
No G20 consensus on Syria
Obama heavily outnumbered at the G20 in St. Petersburg.
Russian President Vladimir Putin insisted that the US had no proof Assad used chemical weapons on Aug. 21 and demanded that the world wait for the UN report.
Obama begged Congress to back him up and a few fools are doing so.
Putin choreographs G20
Sept. 6, 2013 Only France and Canada are with Obama. France is always the idiot, but Canada should be wiser!
Putin choreographs G20 summit in Russia to isolate Obama on Syria. Good boy Vlad.
Again I want to state - Obama is FOR MORE slaughter in Syria, Russia wants NONE.
These debka article can get confusing.
Sept. 5 Vladimir Putin set the stage for a showdown with Obama over Syria.
Evil Obama determined to exercise military force against Assad.
Russia equally determined to oppose it.
3 more Russian warships are on their way to the Mediterranean, Priazovye and two landing craft.
SYRIA NEWS Sept 2013
Australia welcomes G20
November 14, 2014 The G20 is in Brisbane for the world's largest and most influential economic talks. PM Tony Abbott has sworn that this G20 will not be a talkfest. Still, over the next few days, political pundits will be scrutinizing the words, actions and gestures of at least 25 world leaders for hints at future policy.
Brisbane Airport created the Big Obama Burger, knowing Obama is hamburger now with the GOP win.
Brisbane Convention Centre hosts the G20 Leaders Summit November 15-16.
World leaders join Australia PM Tony Abbott - China's Xi Jinping, India's Narendra Modi, Japan's Shinzo Abe, Indonesia's Joko Widodo, UK's David Cameron, Germany's Angela Merkel, Russia's Vladimir Putin and Barack Obama.
The 4th beast was different from all the others and most terrifying,
with its iron teeth and bronze claws – the beast that crushed and devoured its victims
and trampled underfoot whatever was left. Daniel 7:19
(Bronze is a combination of copper and other metals, usually tin.)
November 15, 2014 - G20 ended day 1 without major incident, 4 were arrested.
German Chancellor Angela Merkel at pub, mingled briefly with drinkers.
Putin reception is chilly
Brit PM David Cameron (that idiot) compared Russia to Nazi Germany
G20 * Ebola, climate hoax
Global leaders meet for G20 summit in Australia
G20 summit in Brisbane Australia
November 16, 2014 - United States, Japan and Australia lined up together against Russia to oppose Russian incursions into Crimea. They oppose Russia annexation of Crimea and its actions to destabilise eastern Ukraine, and were committed to bringing to justice those responsible for the downing of Flight MH17.
Leaders pledge to grow their economies by 2.1%
Australian PM Tony Abbott closed the G20 summit by detailing G20 economic pledges.
The leaders agreed to boost their economies by at least 2.1% by 2018, adding $2 trillion to global economies.
Much of the summit focused on criticism of Russian President Vladimir Putin, Ukraine.
Is it real - or a game?
Crimea voted to join Russia
Obama started the war in Kiev
Kiev downed MH17 which was planned. That plane diverted for a suicide mission.
G20 meets in Turkey
Nov 15, 2015 Antalya - G 20 world leaders meet in Turkey to discuss ISIS threat.
The G20 meeting is due to address terrorism and 'migration' before discussing climate change, corporate tax avoidance and the overall state of the world economy. French president François Hollande is the only major political absent.
British PM David Cameron attending the 10th G-20 Summit in the Turkish resort town of Antalya.
His focus will be on how to combat terrorism and bring peace to Syria. The discussions to be dominated by ISIS expanding beyond Syria and transforming into a global terrorist network.
World leaders in Turkey to discuss the effect of the 'refugees' - aka Muslim terrorist invasion - on European security. Cameron to talk with Vladimir Putin on Monday.
Meanwhile, Indian PM Narendra Modi has had a meeting with Putin on the sidelines just before BRICs banks meeting.
G20 World leaders summit in Turkey
Nov 17, 2015 - World leaders summit in Turkey face divisions over Syria.
US resident Barack Hussein Obama, Russian President Vladimir Putin, China President Xi Jinping and other leaders gathered at the Mediterranean resort of Antalya 2 days after the Paris ISIS attacks.
The agenda will also deal with the refugee crisis (aka Islamic invasions), climate change and tax avoidance. Erdogan wants to use the summit to cement his status as a global leader. Ya the shifty bully fancies himself the Caliph of the world ala Ottoman.
China closes churches for G20
July 23, 2016 - Banned from holding religious meetings while world leaders attend G20 summit. China ordered the closure of Xiaoshan churches hosting the G20 summit later this year. This is an effort to reduce congestion.
July 23, 2016 - God's judgment? Floods kill 78 across China, 91 missing.
At least 78 people have been killed and another 91 are missing across China after a round of torrential rains. The northern province of Hebei is the worst-hit.
Local police blame a failure of a river levee for the heavy casualties, but villagers have complained that they were not notified in time to evacuate when authorities decided to discharge floodwater from an upstream reservoir.
G20 finance heads meet in China
July 23, 2016 - Brexit front and center. Finance officials from the world's major economies start a two-day meeting in China where they will confront challenges to global growth from Britain's decision to leave the European Union.
Worries over currency manipulation will also factor into the discussions.
Donald Trump's "America First" will hang over the G20
The G20 officials meeting in China will be a debut for Britain's newly-appointed finance minister Philip Hammond, who will be grilled about the UK's plans for keeping up economic growth.
China's yuan gains ahead of G20
July 23, 2016 SHANGHAI - The yuan posted its biggest weekly gain since April as China's state-run banks were suspected of supporting the currency before Group of 20 finance officials meet this weekend in Chengdu.
China typically holds the yuan steady before and during major diplomatic events.
In September, a G20 summit of world leaders will also be in China.
G20 nations must boost coordination, redouble efforts to support growth
The world's leading economies will step up efforts to lift global economic growth and share the benefits more broadly, as they seek to counter growing dissatisfaction with globalization.
U.S. Treasury Secretary Jack Lew said on Saturday it was important for G20 countries to boost shared growth using all policy tools, including monetary and fiscal policies as well as structural reforms, to boost efficiency.
The future of globalism at a crossroads
Aug 4, 2016 - There are mounting developments in world affairs that threaten to disrupt the progress of globalism. GOOD!!! Britain decided to leave the European Union, consequently the world’s major stock markets tumbled. New PM Theresa May formed a new Cabinet designed to carry out the exit policy.
The United States might become unwilling to ratify the Trans-Pacific Partnership and begin to contribute less to global security.
China is making expansionary moves in the South China Sea on the strength of its economic power and military buildup. An international arbitration tribunal ruled against China, but Beijing rejected its decision.
Russia is trying to expand its sphere of influence. Crimea voted to be part of Russia.
Nuclear proliferation is growing, as North Korea’s activities show, while terrorist activities are intensifying.
The first and foremost cause of these developments that run counter to globalism is the multi-polarization of the international community. The progression of globalization is leading to a leveling of economic activities and multi-polarization is taking place in the international social structure. In such a situation, it is becoming increasingly difficult to achieve a consensus regarding global governance. At the U.N. Security Council, it is already hard to reach agreements between the U.S. and Europe.
In the management of economic affairs, it is also getting harder to reach agreement on effective steps as the primary responsibility for building a consensus has shifted to the Group of 20.
New U.S. Currency Already in our Money Supply
Aug 3, 2016 - Some claim that it marks a departure from the Federal Reserve.
Its a hint that the Federal Reserve may be FOLDED.
It is a corporation, it can declare bankruptcy.
The collapse of the U.S. dollar and the Federal Reserve. We believe that those who do not start taking action will find in the near future that their fiat currency is unredeemable.
The current Federal Reserve Note will be retired out of circulation, being replaced by notes printed and backed solely by the U.S. Treasury. If you have been putting your money under the mattress for the last few years, you will want to replace the old fiat currency of the Federal Reserve Note (FRN) with new currency.
G20 summit 2016 CHINA
4–5 September 2016 in Hangzhou, Zhejiang.
The 2016 G20 Hangzhou summit is the 11th G20 meeting.
It is the first G20 summit to be hosted in China.
BREXIT is on the agenda
G20 Summit in Hangzhou, the ancient City of Silk.
Aug 30, 2016 - People don't like globalization. (Revelation 13 Beast system)
Rising anti-globalization sentiment, weak economic recovery and the lowest rate of global trade growth in 3 decades. China wants G20 leaders to resist protectionism and instead, seek economic growth through innovation and reform. After Brexit in the UK, the US President (almost) Donald Trump said America might withdraw from the WTO.
City of Silk
Silk was the main reason that Marco Polo travelled to China.
Centuries have passed and Hangzhou is still known as the City of Silk.
The ancient Chinese handicraft of silk embroidery
In the 1980s machines replaced manual work.
Obama to meet Erdogan at G20
Aug 30, 2016 - U.S. resident Barack Obama and Turkey President Erdogan will meet, amid tensions about Turkey killing Syrian Kurds instead of ISIS. They meet before the G20 summit in China. They will discuss Syria and refugees.
Obama LEAVES whitehouse in 4.5 months - THANK GOD!
Hopefully Donald Trump will be U.S. President! For thousands of Americans, Donald Trump is our ONLY leader! We look to him for the facts.
G20 Summit in China
Putin has no idea who hacked Demoncrat Party.
Sep 2, 2016 - Russian President Vladimir Putin said he did not know who was behind the hacking of Demoncrat Party, but it was important the information had been made public. It was not done by the Russian government. Putin met resident Barack Obama in China. The important thing is the content that was given to the public. There’s no need to raise minor issues over who did it.
G20 summit Hangzhou, China
US, China expected to join climate deal during Obama visit
resident Barack Obama is expected to join Chinese leader Xi Jinping in announcing their countries are formally taking part in a phony global climate deal.
The Group of 20 is a collection of industrial and emerging-market nations. Environmental groups and experts tracking global climate policy said they expected the two leaders would jointly enter the sweeping emissions-cutting deal reached last year in Paris. U.S. and China have sought to use their collaboration to ramp up pressure on other countries to take concrete action as well.
Row on China tarmac an awkward start
Sep 3, 2016 - "This is our country. This is our airport." A Chinese official confronted Susan Rice on the tarmac, prompting the Secret Service to intervene, an unusual altercation as China implements strict controls ahead of a big summit.
Shortly after Obama's plane landed in Hangzhou, a Chinese official attempted to prevent 0bamas national security adviser Susan Rice from walking to the motorcade as she crossed a media rope line, speaking angrily to her before a Secret Service agent stepped between the two.
The same official shouted at a White House press aide who was instructing foreign reporters on where to stand as they recorded Obama disembarking from the plane.
The press pool was brought under a wing of Air Force One where the pool was supposed to stay behind a blue rope. However, 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."
To which Obama no doubt promptly replied, "You didn't build that."
Putin and Erdogan talk at G20 summit
Sep 4, 2016 - In handshake photo, Erdogan is a head taller than Putin.
Vladimir Putin and Turkey President Erdogan vowed to continue normalizing relations and boost economic ties as both were visiting China for the G20 summit. Erdogan was the first foreign head that Russia’s president spoke to Saturday evening, shortly after his arrival in the eastern city of Hangzhou for the gathering which kicks off Sunday.
China snubbed 0bama
Sep 4, 2016 - China showed 0bama how Americans feel about him!
Barack Obama deliberately snubbed by Chinese in chaotic arrival.
Barry 0bama did NOT get the usual red carpet welcome.
China gave a calculated diplomatic snub to Barack Obama after he was not provided with a staircase to leave his plane during his chaotic arrival in Hangzhou. Chinese authorities rolled out the red carpet for other leaders. But 0bama had to disembark from Air Force One through a little-used exit in the plane's belly after no rolling staircase was provided.
When Obama did find his way on to a red carpet on the tarmac below there were heated altercations between US and Chinese officials, with one Chinese official caught on video shouting: "This is our country! This is our airport!"
These things do not happen by mistake. Not with the Chinese.
Putin at G20
Sep 6, 2016 - Putin talks relations with Turkey, US, Saudi Arabia & China at G20 final presser. Russian President Vladimir Putin at a press conference on the results of the G-20 summit in Hangzhou, September 5, 2016. Moscow and Ankara are working on restoring their ties, unfortunately. Not as fast as desired by Turkey. "When you break something, it's always quick, but rebuilding things is always more difficult ," said Putin.
On Japan: 'We offered them 2 Kuril Islands, they ignored the 1956 treaty'
2017 * Dawn of the NWO
Dec 31, 2016 - Dawn of the New World Order, 2017 will be the year EVERYTHING changes. Putin’s growing power and Trump’s Election victory herald a growing movement against the established world governments. From Germany, to France, to the Netherlands the people are gaining momentum, paving the way for the collapse of the EU.
G8 G7 summits
Albert Pike, Globalism, and WW3, NWO, 666 Beast
666, NWO, Mark of the Beast
NWO, NEPHILIM, SONS of GOD, Merovingian illuminati Bloodline,
G-20 Feb 15, 2017 Germany
Feb 15, 2017 - Rex Tillerson headed to Bonn, Germany where he will participate in G-20 meeting. He will meet separately with Russian Minister Sergey Lavrov and Chinese Minister Wang Yi, among others.
Rex Tillerson to meet Russian counterpart at G20 in Germany
Washington expects Moscow to honor its commitments to the Minsk agreements and work to deescalate the violence in the Ukraine. Ukraine and the issue of economic sanctions look like becoming a stumbling block for future dialogue between Moscow and Washington. President Donald Trump has claimed that Crimea was taken by Moscow, prompting a measured but swift response from the Russian Foreign Ministry.
Crimea is part of the Russian Federation.
It will be the first time Lavrov has met Tillerson.
Media out at at G20
Feb 17, 2017 - US delegation ushers out media as Tillerson starts talking to Lavrov.
Journalists were asked to leave as Secretary of State Rex Tillerson began addressing the Russian FM Sergey Lavrov, during their first meeting in Bonn. The meeting began with a handshake in front of the cameras. The Russian Foreign Minister then stepped in as the more experienced diplomat.
Mr. Secretary of State, I thank you for this opportunity to have the first contact after you have assumed the office and I would like to congratulate you. Tillerson said he was glad to meet his Russian counterpart, then the US delegation signaled the media to leave the room.
After the meeting concluded, Tillerson gave a short statement, and refrained from answering any questions. Both parties described their talks as productive.
Russia equal partner
Feb 16, 2017 - Russia will not be talked to from a position of strength, only as an equal partner.
Sergey Shoigu said, We are prepared to restore cooperation with the Pentagon, but attempts to establish a dialogue with from a position of strength would be fruitless. Mattis said Moscow had to prove its trustworthiness before the Pentagon would cooperate with the Russian military.
Feb 17, 2017 Germany - G20 diplomats discuss development, crisis prevention.
Foreign ministers from the Group of 20 start 2 days of talks in Bonn with a focus on global development. Diplomats from the G-20 and several guest nations began holding bilateral talks Thursday.
Forbid press at all gatherings and you prevent many crisis.
Mar 18, 2017 - Treasury Secretary Steven Mnuchin at G-20
Finance chiefs tussled over fair trade
G20 drops Anti-Protectionist Pledge as Price of U.S. Assent
Leaders summit in July
Officials may continue to seek greater consensus on trade between now and the G-20 leaders summit in Hamburg in July.
Finance chiefs set aside a pledge to avoid protectionism, in response to the Trump administration’s call to rethink the global order for commerce.
Group of 20 nations said they are working to strengthen the contribution of trade to our economies. While the U.S. didn’t get all it wanted, that’s a much pared-down formulation compared with the group’s statement last year, and omits a promise to avoid all forms of protectionism.
Secretary Mnuchin reflects claims by President Donald Trump that his nation has had a bad deal from the current global trade setup.
G20 * Global warming hoax
Mar 19, 2017 - WINNING G20 financial leaders drop free trade pledge - they caved to Trump! Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States. This is a defeat for host nation Germany.
G20 drops anti-protectionist pledge
Mar 19, 2017 - The US now has a strong leader that intends to do what’s best for Americans! Finance ministers from world's biggest economies drop anti-protectionist commitment because of opposition from USA.
Mnuchin to push U.S. interests at G20
Mar 14, 2017 - U.S. Treasury Secretary Steven Mnuchin will be pushing to advance U.S. interests in his meeting with Group of 20 this week, including commitments to avoid competitive currency devaluations. The early G20 draft reaffirmed previous exchange-rate commitments.