Tuesday, March 31, 2009

G20 - Make or break?
The question in the EU is - will they go down with the dollar system or find their own way?

As the G20 is set to begin on April 2 in London, and as protests to it spread throughout Europe, Paul Jay speaks to Wiliam Engdahl about the significance of the summit. Engdahl says that, "the problem is that the G20 is an arbitrary construct that was hammered together largely by Washington in a vain attempt to keep the globalized system that they had created ... to keep the rules of the game intact." He says that, "the basis of consensus doesn't exist among the G20," because China, Russia and Europe have different interests right now than to bail out the dollar.

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