G20 summit

I listened to John Humphrys interviewing the Chancellor of the Exchequer this morning. It was an excellent interview and cut through the hype surrounding the “success” of the recent G20 summit to ask how the measures agreed would benefit the British population (rather than playing to the world gallery). The Chancellor of the Exchequer was unable to itemise any specific benefits other than a general we’re-all-in-this-together appeal for global solidarity.

The G20 summit has been a sham and a charade. It has been a glamorous pageant to disguise the fact that ordinary people throughout the world are about to be robbed (via quantitative easing and the subsequent devaluation of the American dollar) to pay for the recession. The most shameful and disturbing aspect is that the unelected Chinese leadership has effectively agreed to the Chinese dollar holdings being devalued in return for a worthless “seat at the top table” in the new G20 grouping (not since the Dutch bought the island of Manhattan for a few beads has such a brazen inter-continental fraud taken place).

How many expended Chinese units of labour (as priced in American dollars) are about to evaporate to give respectability to a communist regime that cares only about its own collective status? That money should be spent on Chinese health, education, welfare payments etc. Surely no good can come from this.