THE IMF GLOBAL MEETING IS DEPRESSING:
WHY? ECONOMIC COMPETITION vs COOPERATION. Until a global economic constitution we have called for since 2008 is installed, over a three year ECONOMIC CONSTITUTIONAL CONFERENCE we suggest be hosted in Hawaii ( a environment of cooperation vs competition world congress – drawing on Congressman Jerry Chang to coordinate in Hawaii State ) the STATUS quo risks remain high for a near term SUPER CRASH also reported here and world war as a historic repeating pattern of lack of cooperation. All so avoidable but only if we cooperate and forge a new set of Global Frame works for Economic markets …the foundation of the future for humanity itself.
The Lima conference reported: ( See article Financial Times of London ) credited here –
Under leaden skies in the Peruvian capital the International Monetary Fund has delivered a series of reports full of gloom. It has downgraded its forecast for growth this year and warned of grim financial risks hanging over the global economy. The fund now expects the global economy to grow at 3.1 per cent, its slowest growth rate since the 2008 financial crisis and the recession that followed in many of the world’s largest economies.
Such a downbeat view of the global economy has been borne out by data coming out of the US and Germany over the past week. What had hitherto been a resilient US labour market showed signs of slowing down in September and Germany’s exports and industrial production are suffering from a downturn in China and other emerging economies.
“It is very clear from this IMF meeting that the risks in the global economy are rising,” the UK’s George Osborne told reporters on Friday on the sidelines of the annual meetings of the IMF and World Bank.
There are concerns that the world’s response is too piecemeal.
Christine Lagarde, the IMF’s managing director, called for countries to employ a “new recipe” to respond and stimulate growth.
Jack Lew, who as US Treasury secretary guards one of the few bright spots in the global economy, wagged his finger at other advanced economies, questioning their “will” to do more to stimulate growth.
“In Europe and Japan?.?.?.?there is certainly more that can be done on both demand and structural reform,” he told reporters. “Clearly there is the capacity to do more. The question is will.”
AND NOW MORE FROM ME….
President Bill Clinton summarized the problem and the solution on Meet the Press and in the last Democratic Convention when HE suggested – its simple really – we either cooperate or we perish.
The piece meal solution between nations competitively is the problem. All G 100 nations need to be INCLUDED in the Conference. A global solution – a new ECONOMIC REGULATORY FRAME WORK a FINANCIAL CONSTITUTION for the entire world all nations sign on to needs to be put in place – an ECONOMIC UN needs to govern the constitution with appropriate financial sanctions that include all the rest of us for those who compete. We must make COOPERATION PROFITABLE and competition too costly to execute as a strategy of nations. Once we all are under a GLOBAL regulatory frame work all nations can enjoy a stably only dreamed of by prior generations.
Todays technology and digital tools make sovereignty respect within a GLOGAL FRAME work possible for the first time in real time.
We advent for the SOLUTION versus dealing with symptoms that avoid the economic cause – competition itself. Read REDEMPTION THE COOPERATION REVOLUTION for the Blue Print of HOW TO DO IT all…a must read for thought leaders University leaders economists world wide and national leaders. President Obama, Jeb Bush and Hillary have all read it as a growing number of heads of state read it.
You should where these issues matter to you- read it.
In my opinion.
Solutions are possible.
Berny Dohrmann – Proud Founder CEO SPACE INTERNATIONAL
PS: When they report HOW BAD it IS out there – it is always so much worse then they report as they are trying to avoid contagion and panic in world markets – confidence is a product of cooperation – contagion is a product of competition.