De Dollar Hegemonie 45

'U.S. Debtor Meets G20 Creditors at the Dollar’s Funeral

MAJOR GLOBAL TURNING POINT

By Jim Willie CB

Perhaps it was a grand error of judgment to host the G20 Meeting in London. The epicenter of the financial hegemony, corruption, hidden agency influence, and financial market destruction has clearly been the United States and the United Kingdom working in tandem. So great risk comes with the hosting of this meeting in London. The British Empire, aka Great Britain, is the site of the most devastating economic and banking ruin in a century, on a scale much larger than Iceland, but with a certain hand in the Iceland downfall. Millions of British citizens are angry, worried, and justifiably so. Their economists, bankers, and government leaders have presided over at best a severe national decline that must withstand diverse reform and reconstruction, and over at worst a national failure of state that must endure a collapse before any conceivable reconstruction. The decline if not collapse in the UK seemed for a time to lag that of the US, but lately events have accelerated inside the harrowed United Kingdom. The United States has the advantage of just printing trillion$ and floating about for a bit much like a derelict vessel with feigned movement!

Certainly it was a grand error of judgment at the February Davos Global Economic Forum for President Obama not to attend. He used extremely bad judgment in sending TinyTim Geithner as his minion envoy, the Treasury Secretary who bears Goldman Sachs stripes, and likely GSax branded skivvies. Obama took harsh criticism for skipping an opportunity to meet with certain heads of state in attendance, key banking and industrial leaders. He could have met Russian leaders Putin and Medvedev, who truly stole the entire Davos show. My guess is that Obama was deeply intimidated at the Davos prospect, was busy assembling a staff, but had no choice now. The chorus of criticism, if not revolt against the US$, has grown deafening. The US$-based global financial structure is broken, without any doubt irrevocably. The last to notice are the USGovt and US banking stewards, who are busily looting still.

There are 20 members of the G20 organization. These include the finance ministers and central bank governors of the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States. The 20th member is the European Union, which is represented by the rotating presidency and its European Central Bank. In addition to these 20 members, the following forums and institutions participate in G20 Meetings: International Monetary Fund, World Bank, Intl Monetary & Financial Committee, Development Committee of the IMF & World Bank.

For the past decade or more, it is well understood and well documented how the IMF and World Bank are each riddled with US security agency non-bankers, complete with associated covert activity. Some accuse them of routine operations that include collusion, kidnapping, murder, but all for the benefit of the United States and its power structure. These espionage accusations are not idle, but well documented. See “Confessions of an Economic Hit Man” by John Perkins (2004). In it, he provides account of his career that included his hire by an alleged NSA liaison to become a self-described economic hit man. My first exposure to Perkins was in 2005 when he published chapter by chapter, portions of his book in magazine format. My reading centered on the NSA in Saudi Arabia, to further their acceptance of the USTreasury Bond and US Dollar as official Petro-Dollar payment. That Saudi-US contract has been a cornerstone of the US-based global foundation for a generation. It apparently required enforcement. Of course, for the greater good.'
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