Anti G20 ‘Rioters’ display total ignorance, impotence, incompetence, idiocy and irrationality:
A comment from The Times:
To be fair to the protesters, one this occasion they have paid for the damages in advance.
David Masu, Zürich, Switzerland
And check this out:
I have a better idea chubby: Why don’t you get yourself out of the government’s economy??!?!
And of course, the police agent provocateurs were in full force:
Snarfed from The Daily Mail.
Now for some common sense:
NEW WORLD DISORDER
The G-20 meeting begins this week in England. Here, political leaders from 20 major nations meet to share ideas on how to solve an international financial crisis that their central banks created, following the lead of Alan Greenspan’s FED. They never saw it coming. Not any of them – not the central bankers, not the politicians, not the regulators. They were all caught flat-footed.
Then they assemble at a meeting and send out press releases. These press releases are designed to assure the investing public that they, the creators of this crisis, know what went wrong – they don’t – and that by discussing the causes of the crisis, which they don’t understand, they will be able to come up with a joint solution that does not involve either (1) mass inflation or (2) a worldwide depression that lasts for years.
It is a song and dance. It is shuck and jive. It is bait and switch. It is Custer’s last stand.
These people don’t know what to do. If they did, there would be two or three well-defined, fully documented proposals out there, each with national co-sponsors. All of them would have major flaws. They would be mutually exclusive. Economists of various schools of opinion would be mobilizing behind one or another program.
Instead, there are no published plans. There are no working papers. There are only vague promises of joint action. Like what?
There are no detailed plans out of which this team of egomaniac politicians might conceivably hammer into an acceptable plan.
There is no centralized international planning agency.
There is no international enforcement agency. There is no agreement among central bankers.
There is no unanimity to do anything.
There is not going to be, either. The G-20 meeting will issue some sort of bland statement of hope, and everyone will go home.
They refuse to adopt the only system that every brought unity to governments and central banks: an international gold coin standard. The politicians and central bankers could not control the movements of gold out of inflating nations and into non-inflating nations, 1815–1914. They resented the ability of common people to exercise control over domestic monetary policy simply by going down to a bank and demanding payment in gold coins. They all took away this authority in the summer of 1914, when World War I broke out.
These deal-doers, these politicians, these seekers of power don’t trust each other. That is the famous bottom line. They do not trust the common people, which means that they do not trust a gold coin standard. But they do not trust each other.
They are trapped by the dollar standard. They have told their voters that their nations can get rich by exporting to the United States. They have not explained that in order to export lots of goods to the United States, their central banks must create fiat money to buy depreciating dollars at a favorable rate of exchange. They have not told the voters that modern mercantilism depends on lending tax money and central bank fiat money to the U.S. government, which will not pay back the loans. Ever.