The Group of 20 (G20) met in Scotland over the weekend, bringing together central bankers and financiers of nineteen countries, and the European Union (EU). The collection of nations constitute 80% of world trade and two-thirds of the world’s population. (1) Discussions of “re-balancing” the world economy have taken place over the last few months by members of the G20; those sentiments continued this weekend in St. Andrews, but apparently only in general terms. (2)
G20's archives
Leaders Aim to “Re-Balance” the World Economy
under: Deficits, Dollar, Dubiously Free Trade, Energy, Federal Reserve, Individual v. Collective, Live and Learn, Trust
Tags: asset bubble, Bernanke, capitalism, central planning, currency, current account, dividends, Federal Reserve, financial system, foreign aid, G20, IMF, interest, socialism, Treasury
Funny Money Part II or: How I Learned to Stop Worrying and Love Natural Resources
With a failed dollar we’d have far more church-going citizens eager to stockpile communion crackers. And for the altruistic of the local tribes, the communion crackers might end up back in the offering basket.
under: Deficits, Dollar, Energy, Federal Reserve, Game Theory, Individual v. Collective, Live and Learn, Obama Says, Taxes, Treasury, Trust, Uncategorized
Tags: agriculture, altruism, austrian economics, Barack Obama, Bretton Woods, budget deficit, capital, China, commodity, credit, currency, debt, Dollar, Federal Reserve, fiat currency, fiat money, fiscal policy, funny money, G20, GDP, gold, IMF, inflation, investment, liquidity, monetary base, monetary policy, money supply, natural resources, petroleum, printing press, real estate, savings, stocks, Treasury, U.S. credit rating, U.S. government, United Nations, USDA
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