G20–G Two Zero–Bingo!

We just lived through the latest meeting of the 19 most economically powerful countries plus the EU or more commonly known as the G20.

That’s right these entities get together once a year and schmooze.

But what is this group really?

The Group of Twenty (G20) is the premier forum for international cooperation on the most important issues of the global economic and financial agenda.

The objectives of the G20 refer to:

1. Policy coordination between its members in order to achieve global economic stability, sustainable growth;
2. Promoting financial regulations that reduce risks and prevent future financial crises;
3. Modernizing international financial architecture.

The G20 brings together finance ministers and central bank governors from 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States of America plus the European Union, which is represented by the President of the European Council and by Head of the European Central Bank.

G20 members represent almost:

1. 90% of global GDP.
2. 80% of international global-trade.
3. 2/3 of the world’s population lives in G20 member countries.
4. 84% of all fossil fuel emissions are produced by G20 countries.

If you would like a simpler definition then……it is about the control of what we get to do with what little money we have…..while bankers and financial institutions rake in the profits.

This time was no different than the last couple of meetings…..violence, protests, goon squads, etc, etc…….and there is the actual meetings…..(pause here for thought)……not much was accomplished except for a couple of “feel good” photo ops and everyone goes home……

The the next question would be…..was the meeting worth the effort?

Unfettered violence. Unbridled brutality. Outside our democratic community. When Angela Merkel held her closing address on Saturday afternoon at the G-20 summit in Hamburg, she used clear words to denounce what had taken place on the streets of Hamburg during the preceding day and night.

Cars and barricades ablaze, shops plundered, water cannons in constant operation, injuries, devastated city quarters, heavily armed special police units: The images of the violence in Hamburg have circled the globe. And they stood in stark contrast to those of the 20 heads of state and government who, at the same time, were listening to Beethoven’s “Ode to Joy” in Hamburg’s chic new Elbphilharmonie concert hall. Classical music inside, clashes outside.

The question that must now be asked, which the chancellor must also answer, is this: Was it all worth it? Or was the price too high?

Source: G-20 Violence: Questions Remain after Hamburg Riots – SPIEGEL ONLINE

Well?  Was it worth the effort?

What NO statement on the perceived “aggression” of North Korea?


9 thoughts on “G20–G Two Zero–Bingo!

  1. I never understood why they insist on this waste of money and embarrassing parade of capitalist success. Small wonder that the smaller and poorer nations resent so much power being held by these countries.
    Best wishes, Pete.

  2. Chuq, at the recent G-20, as most of such Summits, any real work is usually done on the sidelines. The formal statements afterward are usually so watered-down, that you want to say: “Whaa…? But, this time, there was complete agreement, to change the title to “G-19, plus the Lunatic Fringe!”

    Also did Trump kowtow to Putin both before AND after the meeting, or just afterward? Perpetrator “#2 asks Perpetrator #1 is he had hacked the November Election on Perp. #2’s behalf. So, when Perp. #1 said “Nyet!”, #2 agreed that they should move on. Shall we share OUR cyber-intel?

    But, why didn’t NSA H. R. McMaster sit-in as Trumpie met with Darth Vader?

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