As China (And Other Countries, Too) Makes Non-dollar Trade Deals Around the World, Maybe Americans Should Seek Safety in the Reincarnation Bank

~~By InsightAnalytical-GRL

Over at Investment Watch, a fine blog about the economy, this recent piece summarizes very nicely the forces working against the value of the U.S. dollar, notably the recent actions by China and other countries. The list of countries doing non-dollar deals is growing.

China is making non-dollar trade deals around the world. Other nations too..

Argentina and Brazil have reached a non-dollar deal and 4 other S.A. nations will join in non-dollar trade.

China has reached a non-dollar deal with both of those nations, 4 or 5 other nations and is working on one with Malaysia. Other Asian nations are reaching their own non-dollar trade deals.

All of this reduces the number of dollars they need to get rid of. They are also buying with dollars, copper, iron, oil mines, lending dollars to help nations develop new resource finds on the condition that China gets the resource at market prices.

At the same time, IMF bonds are being bought instead of U.S. bonds.  China, Russia, Brazil and India are involved:

China, Russia, Brazil, and India are buying IMF bonds instead of U.S. bonds in small quantities with China making the largest purchase of about 50 billion but, that is still $50 billion they can’t lend us then.

Meanwhile, the United Arab Emirates is contemplating a new oil currency.

The author comments that:

The biggest problem China has is that there isn’t enough money in the world to lend the U.S for what it wants to spend. That means the dollar will go down whether China wants it to or not and they know it. That is why they are trying to spend as much as they can without dropping the dollar faster.

Also, recall that Iran has already given up the dollar for its oil deals. Iran’s international news network, PressTV, reported in December 2007 that Iran had dropped the dollar:

Iran has halted all its oil deals in dollars following the recent OPEC proposal to trade crude in non-dollar currencies.

“The dollar is no longer a reliable currency, considering its devaluation and the resulting loss suffered by oil exporters,” said Iranian Oil Minister Gholam-Hossein Nozari.

The post at Investment Watch goes on to discuss the the ramifications of devaluation and possible collapse of the dollar.

So, what’s the average American supposed to do?

Well, since the current financial system is a mess, maybe we should look to the future. Ever hear of the ReincarnationBank?

According to the bank’s website, ReincarnationBank offers “a safe and secure management system for its clients – a place they can leave behind their assets and commodities for their return into the next life.”

How will they know it’s YOU when you come back and want your money?

As in this life, in the next you will have memories of previous lives. One of these recollections will be of your arrangement with Reincarnation Bank. Whatever version of the internet or data retrieval mechanisms in use at the time of your return, you will renew your contact with Reincarnation Bank and through regression you will recall the details/instructions that you left at the time of making your deposit. A custodian of Reincarnation Bank will open your letter privately in your presence and will ask you to repeat the details contained therein (whilst in regression). Once this has been satisfactorily achieved, funds/property will be handed back to you and the account closed.

Of course, in some ways the bank is similar to banks operating in the present:

An indication of interest rates cannot be given at this stage because we cannot forecast how long we will be away. But $1000 or $10,000 invested now will have an added value upon our return.

MMM…

Heck,I have enough trouble remembering my PIN now…I don’t know if I’ll remember it if I’ve been spending some time as a gerbil…

What if my memory fails me during regression and I forget my former name?? I lose all my cash?

Well, with the way the present-day financial system is operating, maybe I should take a closer look anyway…and learn some tricks to improve my memory!

***

RELATED POSTS

HEADS UP! It’s HERE! The New World Currency Design, Presented to the G-8 Delegations (With Pics)

Money Matters: “Banker to the Poor” In Impoverished Countries Now Lending in U.S.; “Money Goddess” Advises Obama Administration; IMF Bonds Update

Russia-China Proposals; “Rebalancing” Global Currency Reserves: Why the U.S. Can’t Take Anything for Granted Re: the Dollar

The Scanner–International Edition, March 24, 2009: Say Goodbye to the Dollar? China, Russia Proposing a New World Currency for “Non-Credit” Based Economies, Echo G-20 Agenda of Expanding IMF; China Will “Consider” Buying IMF Bonds; 10th China Develpment Forum Underway (UPDATE 1X–Geithner Supports China Proposal??)

China, the Treasury, and Real Estate (As in the New World Trade Center); Cross-Pollination:The New America Foundation/Council of Foreign Relations

Editor’s Note: Last week’s post, Russia-China Proposals; “Rebalancing” Global Currency Reserves: Why the U.S. Can’t Take Anything for Granted Re: the Dollar, inspired American Lassie to develop a few observations/opinions:

~~By American Lassie

China won’t be buying any more Treasury Bonds, for a while at least, because the yield is too low. Not enough bang for the buck. The Federal Reserve has been buying Treasury Bonds like a drunken sailor for a reason. To keep the yield low. They don’t want China to buy any more bonds, IMO. China has too great a strangle hold on America as it is. Bernanke and Geithner don’t want the people of America to buy bonds right now, another reason for keeping the yield low.

It is my opinion, and many people will differ with me on this, that Geithner and Bernanke want Americans to invest in stocks to help bolster Wall Street and the banks, and to buy, buy, buy durable goods to help move the economy along.

The plan being that if the banks are strengthened and do what they have been given all this bail-out money to do, they will lend more freely to make it possible for the people to buy these durable goods– cars, washing machines, refrigerators, household furniture, etc.  If they free up the money needed by business to continue producing these goods, there might be a slim chance that this thing could turn around. But if the banks continue to put the bail-out money where they have been putting it, it will be the same old same old.

It stands to reason that Americans won’t buy Treasury Bonds with such a low yield, especially when they have so little faith in their government.

***

China may not be in the market for any more Treasury Bonds because of the low yield, or the fear that the large investment they already have in the notes is losing their vallue. But this hasn’t prevented their continued buying and leasing of U.S. real estate.

The Vantone Industrial Co., Ltd, a Chinese real estate group has just become the first commercial tenant of the still under construction skyscraper to replace the Twin Towers destroyed on 9/11.

They have taken a 20-year lease on the top floors of the 70 floor building to begin when the building is completed. It is projected to be completed in 2013.

The floors 64 through 69 will be known as the China Center. Wonder what the 70th floor penthouse will be used for? Any guesses?

Vantone Industrial provided the Port Authority with a $10 million dollar letter of credit. What goes on here?

No more Treasury notes, but a real estate coompany establishing itself in the new trade center. This is indeed food for thought. Know thine enemy. Our intelligence people had better be on hand constantly while that 70th floor is under construction, and after, IMO.

Our government notes aren’t so valuable right now, but the soil of the United States is still coveted by many. What better way to keep your ears peeled than to set up shop on the top floors of the tallest building in the city.

http://www.costar.com/News/Article.aspx?…&ref=1&src=rss

***

Regarding the 1st Bernard Schwartz Economic Policy Symposium sponsored by the New America Foundation (See this post for more details: A Reminder: Live Streaming of the First “Bernard L. Schwartz Economic Policy Symposium” Today (3/26) With a Rather Interesting Group & Agenda [To End “Fumbling” on Economic Policy]):

It’s important to note: “The Honorable Laura Tyson holds the Chair in Global Management and Public Policy, at the Haass School of Business at the U of C at Berkley.” (Haas being Richard Haass, the President of  The Council on Foreign Relations [CFR].)

I will point you to an article, (that I was saving with other research for a possible post), that I think you will want to read. It’s a short article but it is very informative.

http://www.crossroad.to/Quotes/globalism/2008/trends.htm

Let’s take a closer look at THE NEW AMERICA FOUNDATION…

On the matter of the “New America Foundation,” don’t get your hopes up people because this is nothing new.  It’s like the message we used to get continuously during the commercials in the old time soap operas.  “Duz does everything”- “New and Improved” – “Better than Ever”, the blurbs go on and on, but we still got the same old soap only in a different box.  The primary drivers in this group are the same re-cycled Democrats who brought you Hopey Changey politics this past election cycle.

LAURA TYSON, the Chair of Global Management and Public Policy, Haass School of Business, Univ. of Calif. at Berkeley, has an impressive resume and there is no doubt that she is an extremely intelligent economist who need not take a back seat to anyone in her field. She was top economic advisor to former President Bill Clinton.  She was head of the National Economic Council and Chair of the President’s Council of Economic Advisors. In fact, her skill and expertise, in my opinion, played a major part in the financial surplus that Bill Clinton left to the American people when he left office.

I admire Laura Tyson greatly as an economist, but the fact that she is a member of The Council on Foreign Relations (CFR) as are the people with whom she associates, disturbs me more than a little. Her association with Richard Haas, President of the CFR bothers me a lot.

The following was written on April 2, 1997 by Fernando Quintero, a reporter for the Rocky Mountain News in Colorado. Mr. Quintero spent a number of years working in higher education. He was a writer and editor for the University of California at Berkeley Office of Public Affairs.

“Over the past four years nearly a quarter of the University’s (U of Calif. at Berkeley) economics faculty at the Business School and the College of Letters and Sciences has taken leave to go to Washington.  No other university outside the Ivy League  has provided the White House with so much economic brain power.”

-snip-

The fact is, a Berkeley Mafia does exist and Tyson is the Godmother.”
http://www.berkeley.edu/news/berkeleyan/1997/0402/tyson.html

BERNARD SCHWARTZ, along with Tyson, is also a member of The Council on Foreign Relations. He is chairman and CEO of BLS Investments, LLC. His concern over our deteriorating infrastructure is legitimate.  This has been his baby for a long time, but as in the case of Tyson his connections are to be questioned.  Mr Schwartz is a very benevolent donor to the Democratic Party.

GEORGE SOROS is another member of the “New America Foundation”.  Mr Soros is a leading figure in the CFR and close with Henry Kissinger (who once made the statement that Jimmy Carter isn’t the President of the United States, the Trilateralist Commission is, and I am the Trilateralist Commission). Soros is also a confidante of Zbigniew Brzezinski and George Soros is also a partner in the Carlyle Group.  He is truly a busy and involved individual.

“The Carlyle Group specializes in seizing control of aerospace and defense contractors and then strong-arming contracts out of the Department of Defense.”

-snip-

“Shortly after September 11, George Soros developed a strategy how to manipulate messages within the media.”…
http://911review.org/Sept11Wiki/CarlyleGroup.shtml
http://911review.org/Sept11Wiki/Soros,George.shtml

It is my personal opinion that George Soros is a very evil man, and anything he touches smells of fire and brimstone.  This nefarious creature has caused untold damage not only to the United States of America, but to other countries.  He is evil personified and he does not wish well for our country and any group that he is connected with, in my opinion, is just as dirty as he is.

I love my country very much, my ancestors fought and died for this country, and to see this foreign-born billionaire, who was able to come to this country and make a fabulous fortune and then turn around and try to ruin us, makes my blood boil.  He is  one of the main players in the quest to level this country to third world status enabling himself and his cohorts to pronounce a New World Order.  He recently said something to the effect that this crisis has satisfied his life’s ambition.  What kind of devil makes it his life’s ambition to see people out of work, losing their homes, going hungry etc.?  Old Beelzebub must be down there dancing a jig.

“COUNCIL ON FOREIGN RELATIONS, a U.S. think tank.  Some CFR critics say the Korean War, the Vietnam War and the Civil Rights movement were all arranged and approved by the CFR and the insiders.  And that each one has played on a kind of reverse psychology:
The more societal unrest there is , the more people will turn (sic) its govenment for control, eventually becoming so desperate for order that they grant their government more and more power over every citizen’s private life.”

-snip-

“Some of their directors hold important positions in many other worldwide connected companies or government related institutions:  John Deutch, Richard Holbrooke, Theodore Sorenson, George Soros, or David Rockefeller.”
http://911review.org/Sept11Wiki/Cfr.shtml

So you can readily see why I think the New America Foundation is nothing more than the CFR.  New and improved?  Not at all.  This is the same old bunch with the same old ambitions.  Just using a new package to try to fool us old dumb citizens who they think will swallow anything.  Not anymore, Buster.  The cataracts are off our eyes and the wax is out of our ears and we have a steel rod up our spines and we say to you – fool me once, shame on you – fool me twice, shame on me.

No sale,  Mr. Soros and Ms. Tyson. Money is so tight right now that I’m mighty particular what I spend it on and your lying, treacherous words don’t fit into my budget.  Take your global philosophy and eat it– I’m not buying and I’ll bet no other thinking and reading American will either.

The Scanner-Politics: March 25, 2009 (G-20; Glenn Beck’s “The One Thing” Segment on the Dollar [Video]; “The Big Takeover”; Al Gore Releasing New Book on Election Day 11/3/2009; Augie the Dog Sends a Deposit to the U.S. Treasury)

~~By InsightAnalytical-GRL

We looked at the upcoming G-20 meeting in yesterday’s post (See: The Scanner–International Edition, March 24, 2009: Say Goodbye to the Dollar? China, Russia Proposing a New World Currency for “Non-Credit” Based Economies, Echo G-20 Agenda of Expanding IMF; China Will “Consider” Buying IMF Bonds; 10th China Develpment Forum Underway), and lo and behold, a few times during the day, I began picking up some items on the TV discussing the meeting, which will be held in London April 1-2.

I caught a few moments of Shepherd Smith on FOX during the afternoon, interviewing a woman who ticked off all the reasons why the dollar wouldn’t be replaced as the world’s reserve currency at the meeting. The discussion was in the context of how it would affect the U.S. economy and how complicated it was, and that’s why it wouldn’t happen. China’s worries about its investments in U.S. Treasury bonds was mentioned and their desire for the dollar to be dropped as the reserve, but the EU was supporting the U.S. There was absolutely no mention of Russia and its release suggesting what China suggested.

Apparently, Glenn Beck wasn’t so circumspect during his morning radio show or his FOX TV show later in the afternoon.  I didn’t hear either but my mother said he sounded EXACTLY like what we had written in our post yesterday.  Since I had printed it out for her to read, she knew what was in it.

Well, what he opined wasn’t EXACTLY what we wrote about, but he touched a whole bunch of bases in giving a general “history” of how we have gotten to where we are today.  It’s like “From Biggest Lender to Biggest Borrower 101.”  Apparently Glenn Beck and IA are on the same page, at least on this one topic.  That’s a bit weird for us, since I think Beck is pretty insufferable, to say the least, but I think the “The One Thing” segment he did yesterday evening was pretty darned clear. This is a very short segment, so do watch it all! (Note: I had trouble inserting the video from the FOX site, so I found it on YouTube. The “title” comes from FOX, however.)

The One Thing

— By Glenn Beck

The incredible shrinking dollar: Where’s the outrage?

***

A big hat tip to Uppity Woman who posted about the story by Matt Taibbi in Rolling Stone which actually comes out and talks about the “revolution” that is underway courtesy the big insiders.  Go to Uppity Woman to catch some of the excerpts of note.

And here’s the direct link to the piece:

The Big Takeover

The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution

***

Well,  just in time for the 2009 election is…Al Gore, who issued a press release yesterday about a follow-up book to An Inconvenient Truth.  I loved the film and got a copy of the book as “payment” for my efforts in the not-so-long-distant past at a certain Chicago-based website that went crazy last May.

From the blog, Al Gore:

Our Choice March 24, 2009 : 1:07 PM

From the Press Release:

Today Vice President Gore announced that his next book, Our Choice, will be published by Rodale in the US and by other publishers internationally on November 3, 2009. Picking up where An Inconvenient Truth left off, Our Choice utilizes Mr. Gore’s forty years of experience as a student, policymaker, author, filmmaker, entrepreneur and activist to comprehensively describe the real solutions to global warming. A co-recipient of the Nobel Peace prize in 2007 for his environmental work, Mr. Gore continues to make sense of the pressing issues we face and Our Choice will unquestionably inspire and rally those ready to fight for solutions that were deemed impossible only a short time ago.

I was really ticked when the guy who delivered those stirring speeches about the press and the Constitution during the Bush years turned around and chose to endorse Obama instead of remaining a statesman for the world by staying neutral–the same Obama who took all that money from Exelon and rewrote a nuclear safety bill to please his donors and the Republicans.

So now, Gore will inject himself into the 2009 elections as all the PR push for his book in the period leading up to its Election Day release.  He’s been pretty quiet since the Inauguration and hasn’t talked about energy policy at all, although he’s supposed to be some sort of adviser to the Obama Administraiton.  Elections for governor will be held in Virginia (where Terry MacAuliffe is currently running for the Democratic nomination) and New Jersey (where Democrat Jon Corzine may be facing re-election troubles).  Frankly, I view this “book business” as manipulative and cheesy. And so damned obvious…

***

Finally, on a lighter note…

Augie the Dog and his owner make a statement of sorts about money.  I think it’s appropriate that the bag displayed near the end of the video will be going to the Treasury…Follow this  link and enjoy!

The Scanner–International Edition, March 24, 2009: Say Goodbye to the Dollar? China, Russia Proposing a New World Currency for “Non-Credit” Based Economies, Echo G-20 Agenda of Expanding IMF; China Will “Consider” Buying IMF Bonds; 10th China Develpment Forum Underway (UPDATE 1X–Geithner Supports China Proposal??)

~~By InsightAnalytical-GRL

Scroll down for UPDATE

Hu Jintao--Who's in Charge Here?--Barack Obama (Photo courtesy Xinhua via CRIEnglish.com)

Late last week I came across this release from Itar-Tass.  In case you can’t place the name, the IT website tells us that this agency is:

The successor to the Soviet TASS news agency, it was re-named in 1992, when Russia proclaimed its sovereignty following the collapse of the USSR. It has retained its status of being the state central information agency.

Needless to say, when Russia’s “state central information agency” talks, I listen. I held the story up and coincidentally, found something that should grab us all.  First, the story from Russia:

Russia proposes creation of global super-reserve currency

16.03.2009, 15.15

MOSCOW, March 16 (Itar-Tass) — Russia suggests the G20 summit in London in April should start establishing a system of managing the process of globalization and consider the possibility of creating a supra-national reserve currency or a “super-reserve currency.” The Russian Federation’s proposals for ways out of the ongoing financial and economic crisis and for a post-crisis order of the world financial system have been published on the Kremlin’s website. The proposals have been dispatched to the leadership of the G20 countries, the CIS and international organizations.

(SNIP)

The Russian side believes the summit should seek and achieve accord on the main parameters of a new world financial system. It suggests calling an international conference that would produce the basic parameters of a world financial architecture and adopt international conventions regarding a new financial world order.

Russia believes that the “obsolete mono-polar structure of the world economy should give way to a system based on cooperation by several major centers.”

In the sphere of control and supervision Russia suggests drafting and adopting an international agreement setting global standards of control and supervision in the financial sector – a Standard Universal Regulatory Framework (SURF).

Russia calls for reforming the international currency and financial system with the aim to strengthen its stability and control. In that connection the Russian side suggests discussing the possibility of expanding the list of currencies to be used as reserve ones, on the basis of the adoption of agreed measures to stimulate the development of major regional financial centers, and also “the creation of a supra-national reserve currency that will be issued by international financial institutions.”

“It looks expedient to reconsider the role of the IMF in that process and also to determine the possibility and need for taking measures that would allow for the SDRs (Special Drawing Rights) to become a super-reserve currency recognized by the world community,” the document says.

MORE

The release goes on to discuss for a new mandate and more resources for the IMF.

Well, now add this piece, posted by Logistics Monster yesterday in a post entitled Quick Note About New Global Currency! Pay Attention!

The post quotes an article from the Financial Times‘ Asia-Pacific section (excerpt):

China calls for new reserve currency

By Jamil Anderlini in Beijing

Published: March 23 2009 12:16 | Last updated: March 23 2009 23:24

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

I suggest readers get over to Logistics Monster for the full quote from the article, which details the “special drawing rights” that we see mentioned in the Russian Itar-Tass release.

The Russia-China discussions apparently are just megaphones for what’s up at the Official G-20 website (excerpt):

The financial markets and the world economy continue to face serious global challenges and the severity of the crisis and ongoing uncertainties demonstrate the need for urgent action. During the United Kingdoms Chair, the immediate priority will be to gain further agreements for a concerted, co-ordinated international response.

The G-20 will need to send a strong signal that it is prepared to take whatever further actions are necessary to stabilise the financial system and to provide further macroeconomic support. At the same time, the G-20 must commit to maintaining open trade and investment, to avoid a retreat to protectionism, and direct necessary additional support to emerging markets and developing countries.

The G-20 should also lay the foundations to move beyond the crisis to a sustainable recovery. In 2009, it will be important to understand the roots of the international financial crisis and identify the lessons that we can learn to ensure that a crisis of this kind does not happen again. The G-20 should develop proposals that will restore global growth in the medium term, including the unwinding of emergency measures taken in response to the crisis.

Coincidentally, with the proposal to bolster the mandate of the IMF, we see this article from the Chinese news agency,
Xinhuanet/China View:

Central bank official: China “will actively consider” buying IMF bonds

www.chinaview.cn Special Report: Global Financial Crisis

BEIJING, March 23 (Xinhua) — China’s central bank said Monday it will “actively consider” buying bonds issued by the International Monetary Fund (IMF).

Hu Xiaolian, vice governor of the People’s Bank of China (PBOC), made the comment during a briefing about President Hu Jintao’s coming visit to the G20 financial summit in Britain, scheduled for April 1 to 2.

“China supports the IMF’s innovative financing attempts, and a more efficient and timely financing mode can effectively ease the IMF’s cash shortage,” said the PBOC’s Hu.

“If the IMF finances itself by issuing bonds, China will actively consider buying” those bonds, Hu stressed.

Of course, the Chinese have already indicated that they are “worried” about U.S. Treasury bonds and a recent China Daily headline reads:  “Allure of US Treasuries Set to Fade”…

“Although China is unlikely to massively cut its existing holdings of US Treasuries, it will try to reduce purchases,” said Yu Yongding, president of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences.

The table is set.

I’m sure the G-20 will toast the dollar with fond reminiscences…

MEANWHILE, ahead of the G-20 meeting, China is now holding its 10th China Development Forum (excerpt):

Chinese premier: World should have faith in China

www.chinaview.cn

Special Report: China Development Forum 2009Special Report: Global Financial Crisis

China has launched plans to expand domestic consumption and promote economic growth. It will try its best to achieve the goal of eight-percent economic growth set for this year, according to Wen.

With timely efforts, the economy in some areas and industries in China is now witnessing better signs, Wen said.

“China can’t achieve self-development without rest of the world,” the Premier said, adding that China hopes to deliver confidence to the world and the world should have faith in the country.

SNIP

High-level officials, entrepreneurs, scholars and leaders from international and non-governmental organizations attended this year’s forum with the theme of China’s Development and Reform in the Global Financial Turmoil.

Remember the days when other countries sought “closer ties” to the U.S.? Well, Obama wants a “closer relationship” with China.

When these two meet at the G-20 session, who will be setting the pace?

And lest we forget Putin: he’s doing some saber-rattling…

Russian PM Putin Threatens to Review Relations with EU

SOCHI, March 23 (RIA Novosti) – Russia will start reviewing its relations with the European Union should Moscow’s interests be ignored, Prime Minister Vladimir Putin said on Monday.

SNIP

Russia had been effectively excluded from talks at an international investment conference in Brussels on the modernization of the Ukrainian gas pipeline network, adding that the conference, convened by the European Commission, was limited to discussions between Ukraine and the EU.

“If Russia’s interests are ignored, we will also have to start reviewing the fundamentals of our relations,” Putin said. “We would very much like for things not to reach this point.”

Interesting times, indeed…frightening times.

***

UPDATE March 26, 2009

EXCERPT:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAHStUZFitk8&refer=home

Treasuries Fall on Supply Concern as Seven-Year Sale Looms

By Dakin Campbell and Susanne Walker

March 25 (Bloomberg) —

snip

‘Poor Communication’

The Fed joins central banks in the U.K. and Japan in extraordinary purchases of government debt. U.S. policy makers announced the decision last week to buy $300 billion of government debt in the next six months along with a plan to more than double purchases of housing debt to $1.45 trillion, hoping to reduce rates on home loans.

The dollar fell the most in almost a week against the euro on concern Treasury Secretary Timothy Geithner supported a Chinese plan to blunt demand among global central banks for the U.S. currency. The dollar weakened as much as 1.2 percent to $1.3651 per euro, the biggest intraday decline since March 19, before trading at $1.3601 at 4:20 p.m. in New York.

Geithner later affirmed the dollar’s role as the world’s reserve currency.

“The poor communication from the Treasury department has complicated the market for Treasuries,” said Baker Group’s Caughron.

More

***

ADDITIONAL INFORMATION

China Optimistic about Hu-Obama London Meeting (CRIEnglish.com report 3/23/09)

Official G-20 website

International Monetary Fund (IMF) website

CIS: Overview (from the Commonwealth of Independent States)

THE CIS –Executive Committee website

CIS Wikipedia article