G20 meeting – helpful or just a waste of time?
Published: 05 April, 2009, 10:24
TAGS: Meeting, Politics, Europe, Crisis Chronicle, The Resident, USA, Economy
World leaders met in London on April, 2 in an attempt to find a way out of the world economic crisis, but did the meeting of minds actually solve the world's financial problems, or was it just a waste of time?
Web journalist 'The Resident' Lori Harfenist hit the streets of the Big Apple to find out.
05.04.2009, 08:33
6 comments
"US Secretary of State was lied to about reasons for Iraq War"Colin Powell was lied to about the reasons for the war in Iraq, says Lawrence Wilkerson, Former Chief of Staff to the US Secretary of State, in an exclusive interview with RT. |
06.04.2009, 01:18
‘Iran threat still persists, so missile system continues’ - ObamaBarack Obama has pledged the US will reduce its nuclear stockpile. The American President has given a speech on a range of issues while on a visit to Prague. |
"... Adam Smith explained in The Wealth of Nations: No nation has ever repaid its debts. Small nations like Iceland, along with small taxpayers in wealthy countries, may be coerced with propaganda, mind games and outright threats into paying – until they have no assets left to hand over ... ... In Russia, life expectancies sharply declined, while health, prosperity and hope withered as outside forces imposed austerity measures and high interest rates. Russians woke up to find that the devastation of the reforms foisted on them were as severe as the Second World War in reducing population, destroying industry, spreading disease and losing control of their economy. Living standards plunged, especially for retirees, while employment prospects closed for the young. Much the same occurred throughout the former Soviet Union."