Brown calls for world economy action
 

Now this is a desperate plea from our Prime Minister

http://latestnews.virginmedia.com/ne...economy_action

Gordon Brown has called for "urgent" international action to prevent the world economy sliding deeper into crisis.

Arriving in New York ahead of this weekend's G20 summit of the leading global economies in Washington, the Prime Minister warned that "the cost of inaction will be far greater than the cost of any action".

Mr Brown signalled that he intends to press the world leaders meeting in the US capital to produce their own "fiscal stimulus" packages of tax cuts and spending increases along the lines of those currently being drawn up by Chancellor Alistair Darling. Mr Darling will announce his proposals in the Pre-Budget Report on November 24.

However Mr Brown is concerned that their impact in stimulating economic activity will be diluted unless such measures are taken up around the world.

"It is now becoming increasingly accepted around the world that a temporary and affordable fiscal stimulus is necessary," he said.

"This will have most impact if it is co-ordinated internationally. By acting now we can stimulate growth in our economies. There is a need for urgency. The cost of inaction will be far greater than the cost of any action."

China, Germany and Japan have already announced their proposals to get their economies going and US-president elect Barack Obama has said that he will be bring forward his own measures when he takes office in January.

There has already been a co-ordinated 0.5% cut in interest rates by central banks around the world - including the Bank of England - to try to inject new life into the world economy. But even after last week's unprecedented 1.5% cut by the Bank of England - with indications of more to follow - there are fears that such measures on their own will not be sufficient.

Mr Brown said that he would be using Saturday's meeting to press for a reopening of the Doha round of world trade talks following their collapse in Geneva last July.

"A successful conclusion of the Doha round will inject much-needed confidence into the world economy," Mr Brown said.

I don't see anything getting done at the G20 meeting, except setting up as to when they will meet again.

Step number three in a divide and rule technique called problem-reaction-solution, look it up.

The Hegelian Dialectic

1) The government creates or exploits a problem blaming it on others
2) The people react by asking the government for help willing to give up their rights
3) The government offers the solution that was planned long before the crisis

4) With thunderous applause.