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What is the most important issue facing the Group of 20?

Leaders from the Group of 20 are gathering this week in Seoul to discuss ways to boost the sputtering global economy

By Jodi Westrick  |  November 9, 2010; 4:43 PM ET  | Category:  National Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati  
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The most important issue facing the Group of 20 is, does anyone believe representative from American finance and Treasury? They have plundered their own nation. They have stolen billions from their own people.

Would you believe anything they say?

Posted by: inojk | November 10, 2010 9:02 AM

All the present actions by the US, China, et all, and the G20 are short-sighted. In order to secure a better economic and employment future for all concerned, we need a major paradigm shift in our thinking. The old system is not working. This necessarily means that we must consider other options.

What other options are there? The best one is based on the inescapable reality that the world, from the personal, to the private enterprise, to corporate and to the state and NGO level is much more interconnected today than at anytime in the past. This trend of growing dependence upon eachother for our individual and state economic growth and success is irreversible. The solution is obvious, but is also difficult for those who would rather suffer than to admit that maybe we should consider a strong global central bank with a single global currency at the expense of myopic sovereign protectionism.

Beyond a plan to create a strong global central bank and a single global currency, we need a massively huge and awe-inspiring global project to employ people, enterprises, small businesses and large businesses, states and NGO's. Such a project needs to be imaginative and creative, and global in size and scope. It would by it's very nature be an opportunity to grow the entire world over the long-term.

Between creating a lasting solution to our current economic quagmire through a strong global central bank and a single global currency, we would also have a long-term way to pull the world together and offer security, peace, prosperity for all. That is the paradigm shift in thinking that the world needs. Tinkering with the present system is not working.

Tim Williamson

Posted by: nanoproducer | November 10, 2010 3:47 PM

Not a chance Ted that's exactly what appears to be the goal now. The destruction of the USD appears to be the primary goal of several groups unfortunately one of them is the Federal Reserve. When you look at the steps the Federal Reserve has taken recently you know they are working counter to the best interests of our country. No respected economists would do what Bernanke just did. So the question to be asked is what is Bernanke's true goal? The US dollar is targeted to be destroyed and our country left destitute. That global currency crap is a pipe dream of many and I'd rather trade with beads before accepting a global currency.

Posted by: Desertdiva1 | November 10, 2010 6:46 PM

As we move closer to Europe,currency threat looms large for USA. China holds trillions of dollars of trade imbalance in its favor. Our debt grows larger and larger, we perish as this grows to Himalayan size.China holds the trump card,they have to change the currency value-G20 backing is vital to keep us afloat

Posted by: jayrkay | November 10, 2010 7:58 PM

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