T Nation

What's the G-20 Up To Anyway?


#1

These guys are terrified about the economic state of the world. You don't win elections by letting economies collapse. Just ask John McCain, who probably wants to kick Bush in the nuts.

"The G-20?s Secret Debt Solution
by Larry Edelson 11-13-08

If you think this weekend?s G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks ? think again.

Behind the scenes, a far more fundamental fix is being discussed ? the possible revaluation of gold and the birth of an entirely new monetary system.

I?ve been studying this issue in great depth, all my life. And given the speed at which the financial crisis is unfolding, I would be very surprised if what I?m about to tell you now is not on the G-20 table this weekend.

Furthermore, I believe the end result will make my $2,270 price target for gold look conservative, to say the least."

http://www.moneyandmarkets.com/the-g-20s-secret-debt-solution-27996