Russia – St. Petersburg G-20 Summit 2013

September 6, 2013

 By Padmini Arhant

Greetings! To World leaderships attending the G-20 Summit in St. Petersburg, Russia. 

The persisting economic recession is a challenge and attributed to erroneous policies favoring privately owned banks in control of the central monetary system in North America and Western Europe alongside relentless warfare costing taxpayers – the United States in particular with no end in sight. 

United States executive and legislative branch pre-occupation in pursuit of destructive course ignores national and global dissent to unconstitutional and unlawful military intervention in Syria.

U.S. determination is this regard exacerbates economic conditions preventing opportunity for nations to invest in the respective economies due to disproportionate allocation for defense spending. 

The fiscal crises generated from strategies exclusively benefit members sharing imperialistic agenda.

The primary goals aimed at unlimited access to foreign natural endowments and geopolitical dominance setting up financial institution in the destabilized domain undermines economic growth and development.

Furthermore, the Federal Reserve as the private corporation in money management exercising authority over United States financial decisions burden ordinary citizens with economic liabilities related to scandalous dealings such as the missing $9,000,000,000,000 i.e. $9 trillion in 2009 and,

The latest widely known incident involving the organization secret loans $16 trillion to prominent European banks calls for restoration of republic power in money matter i.e. printing, distribution and fiscal responsibility per constitutional requirement.

Federal Reserve restricting quantitative easing program in preparation to eliminate the process by the middle of 2014 deprives ailing U.S. economy from stimulus allowing arbitrary interest rates adjustment contained until now with optimum figure.

Similarly, the European counterparts directing euro zone nations with emphasis on debt reduction through severe austerity in the absence of economic revival mechanisms responsible for regional melt down.

Besides, tax evasions from banks and multinational corporations together with their wealthiest stakeholders continue to derive maximum returns while subjecting the 99% global population to deal with economic woes including the national budget to run the government. 

Spending cuts targeting essential aspects stifle economic progress.

The misappropriation of funding to unnecessary and illegal wars denies qualified work force gainful employment leaving millions struggling to make ends meet with political establishment misplaced priority on issues detrimental to national interest.

Trade policy premised on globalization with free trade rather than fair trade agreement adversely impact agriculture and industrial sector leading to enlargement of lower income category and middle class dissipation in the prevalent hierarchy.

Again globalization promoted to suit big corporations monopoly on world resources with minimal or no regard for labor and environment laws in the domestic and overseas operations.

The synopsis on solutions to burgeoning problems comprises review and restructuring of monetary, fiscal and trade policies introducing robust measures to revitalize and sustain positive trend in economic activity.

Additionally, international rules on financial and tax fraud depleting developing and industrialized nations revenues deserves attention with universal enforcement to limit and ultimately eradicate embezzlements identified as common syndrome affecting overall economic performance.

The consortium to discuss global economic situation via G-20, AEEAN and other meetings is important in terms of exchanging concerns and ideas that are unique and general in experience.

However, unless the conflict in Syria and cessation of violence in Iraq as well as military expansionism across the globe is terminated, any economic remedies would be ineffective.

The ongoing escalation of tensions in oil rich Middle East and Africa’s minerals attracting neocolonialism with synonymous aspirations in Latin America and Asia Pacific produce volatility in fuel and food prices amid inflation slowing down major and emerging economies that could be avoided to facilitate global economic recovery.

Adopting peaceful resolution to western and allies invasion of Syria is key to economic and political stability that in return would deliver peace and security worldwide. 

Peace to all!

Thank you.

Padmini Arhant

 

 

 

 

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