Dear Global Research Member and Newsletter Subscriber
We are at the crossraods of the most serious economic crisis in World history.
Last Saturday, November 15, World leaders convened in Washington under tha auspices of the G-20 Financial Summit.
What policy “solutions” are contemplated by the G-20? According to Global Research writers, this historic meeting of heads of state, heads of government, finance ministers, central bank governors, etc. has created a policy vacuum. The broader causes, not to mention the devastating social consequences of the meltdown of financial markets have barely been addressed.
This issue of the CRG E-Newsletter contains a critical assessment of the Washington Financial Summit as well as a review of Obama’s Cabinet appointments.
What are the prospects under a Barack Obama administration?
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The proposed bank “bailout” under the so-called Troubled Asset Relief Program (TARP) is not a “solution” to the crisis but the “cause” of further collapse.
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