Geithner's Sunday in Toronto

On Sunday morning, Treasury Secretary Geithner will attend the Opening Plenary Session of the G-20 Summit in Toronto.

Secretary Geithner will then participate in bilateral meetings with Vice Premier Wang of China and Japanese Finance Minister Noda.

Throughout the afternoon, the Secretary will participate in working sessions of the G-20 Summit.

In the late afternoon and evening, the Secretary will join President Obama for his bilateral meetings with Prime Minister Singh of India and Prime Minister Kan of Japan. There will be a pool spray at each meeting.

Secretary Geithner will return to Washington, DC on Sunday night.

Early Alert: G8 and G20 Summits in Canada

There will be G8 and G20 Summits held in Canada in June.

The G8 Summit will be in Huntsville (a part of the Muskoka region) and the G-20 will be held in Toronto.

Muskoka is a two hour drive north of Toronto.

The G20 Summit will be on June 26 and 27. The G8 Summit will run from June 25-27.

Does this mean the G-8 (Canada, France, Germany, Italy, Japan, Russia, the United Kingdom and the United States) will be dissing the larger G-20 group, since the summits overlap? Who knows, a bit strange.

Also of note, prior the summits. finance officials and central bankers from the G-20 will meet in Busan, South Korea.

Plotters Arriving for the G20 Meetings at the IMF Headquarters in Washington D.C.

Is the Bank Tax a Major Step Toward World Government?

Finance ministers and central bank governors are in Washington D.C. this weekend for a G-20 meeting, in preparation for the G-20 Summit to held in November in South Korea.

Hyun Song Shin, special economic advisor to the President of South Korea, gave a briefing today at the National Press Club on the G-20 activities. I attended.

During the Q & A, I asked Shin if the plans for a global bank tax had caused concern by anyone at the G-20 meeting that the tax was moving in the direction of creating a one world government. His answer scared the hell out of me.

He said that, no it was not moving in that direction because "There is no legal basis for the meetings."

In other words, there are no restrictions on the G-20 participants. They are not part of any agency that has a specific mandate. They are not part of any global agreement. It's a wild west show, without any adult supervision.

Expect future moves in global domination to take this ad hoc approach. It results in fewer roadblocks and opposition because there is no, as Shin put it, legal basis for such meetings. It's just "members coming together where there is mutual benefit."

Once they have most of a particular plan down and in place, they will form some organization to patrol what they have created for a given sector, but the serious planning is done at these wild west events.

As for the specifics of the global bank tax, as I pointed out on Wednesday, when discussing the tax:

One key point to note is that the tax will be based on "riskiness" where government paper will most assuredly be ranked as least risky, thus driving banks funds in the direction of propping up the government debt sector at the expense of the productive private sector.

The tax can thus be used to drive funds to the government financial securities markets and to other politically favored investment sectors. If a sector isn't in good favor with the global elite, they will tax financial instruments coming out of that sector at a higher rate. Banks will  make a lot fewer loans in sectors where instruments are heavily taxed.

Manipulative macro madness will be upon us with this move. The coming control of the financial sector at a global level will be something never before seen on the planet.The global elite are winning.

G-20 Meeting of Finance Ministers in Washington, DC This Week

The Department of the Treasury today announced that Treasury Secretary Tim Geithner will attend the G-20 Meeting of Finance Ministers and meetings of the International Monetary Fund’s (IMF) International Monetary and Financial Committee (IMFC) and the Joint World Bank-IMF Development Committee (DC) in Washington, DC, April 23-25, 2010. Additional details regarding Secretary Geithner’s schedule will be released in the days ahead.

Friday, April 23, 2010
9:30 am
G-20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS MEETING
IMF Headquarters
Washington, DC


11:30 am
G-20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS FAMILY PHOTO
IMF Headquarters
Washington, DC


6:00 pm
SECRETARY GEITHNER PRESS CONFERENCE
Room B702, IMF Headquarters
Washington, DC

7:30 pm
IMFC-G-20 WORKING DINNER
IMF Headquarters
Washington, DC


Saturday, April 24, 2010
8:00 am
IMFC MEETING
IMF Headquarters
Washington, DC


Sunday, April 25, 2010
8:00 am
DC MEETING
World Bank
Washington, DC

Ron Paul: The G20 Meeting Is About Replacing the International Dollar Standard

(Via LewRockwell.com)

It's Time To Return To The Gold Standard...

...says Judy Shelton.

Her WSJ Op-Ed piece should be required reading for every attendee of the upcoming G-20 meeting, "Summit on Financial Markets and the World Economy". It should especially be read by the promoter of the summit, French President Nicolas Sarkozy, who displays no friendliness to gold at all.

After all, Shelton reminds us:

Ironically, it was French President Charles de Gaulle who best made the case in the 1960s [for a classic gold standard]. Worried that the U.S. would be tempted to abuse its role as key currency issuer by exporting domestic inflation, he called for the return to a classical international gold standard. "Gold," he observed, "has no nationality."