vast changes in the world economy

Vast changes in the world economy is at the forefront of discussion again this time in Toronto, Canada, as financial ministers and central bank officers from G20 nations meet this week of June.

Vast changes in  the world economy was the reason this Group of Twenty first met in Berlin in December of 1999. At that time the world was experiencing a global financial crisis which had nearly crippled some of the leading economies of developed countries. The G 20 was an expansion on a similar group effort called the G7.

The G20 consists of 19 countries and a European Union delegate member. The countries other than the EU are as follows.

• Argentina
• Australia
• Brazil
• Canada
• China
• France
• Germany
• India
• Indonesia
• Italy
• Japan
• Mexico
• Russia
• Saudi Arabia
• South Africa
• Republic of Korea
• Turkey
• United Kingdom
• United States of America

Present at these meetings of the Group of Twenty are executives from the IMF, the World Bank, and other prominent financial global groups but they participate in non official roles only.

The G20 promotes itself as a group of international bankers and financiers who work towards balancing the production and sale of goods and services in the interest of staving off global financial chaos. The G20 also states that it works towards reducing financial terrorism such as global money laundering.

Some sources claim that the 1990's financial crisis may have been a result of the collapse of the Soviet Union which happened a decade earlier and left the free markets of capitalism libel for corrupting the global financial institutions but that is an opinion that is not shared by all.

One might question whether such a group can truly avert a meltdown of the global banking system and again as an opinion one could say that they, these financial gurus who take it upon themselves to print money at the cost of taxing the future generation are actually the perpetrators of great crimes against humanity. By that same opinon these G20 financiers would be the oligarchs of the new world order which many claim is the reality of the world of today and perhaps the doorway to the demise of society.

If so then 2012 and the days leading up to this type of financial apocalypse could well be the process of fulfilling prophecy.

While the G20 members make great claims about being fiscally responsible and about being looking out for the better good of humanity there are some who question the Group of Twenty integrity.

In Toronto this week there are group of protesters who try to shed light on some of the issues they have with the G20.

Vast changes in the world economy and the potential for doom and gloom may be resolved by churning out paper money but many people are certain that this is not the answer or solution to restarting global economies. In fact some people are certain that taxing people by printing money is just another step towards socialism and the loss of freedom for those who are the workers of society.

And those vast changes in the world economy may be what 2012 predictions is all about.

What are some of these protesters saying ?




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