Monday, 30 March 2009
'The World at Crossroads'
Franck Biancheri's Open Letter to the G20, 25/03/2009
We discuss Franck Biancheri's open letter to the G20, "Last Chance Before Global Geopolitical Dislocation", which advocates for three strategic recommendations:
(1) the creation of a new international reserve currency
(2) the control of banks on a global scale
(3) an independent assessment of the three national financial systems at the heart of the current financial crisis - the United States, United Kingdom and Switzerland
If radical action is not taken within six months, it is anticipated that the opportunity to shorten the crisis to a 3 to 5 year duration will no longer be possible, and the world (particularly the U.S.) will be in for a very harsh geopolitical dislocation lasting for a decade or more.
According to LEAP/E2020, there are only two options left for the G20 leaders who gather next April 2nd in London: either they rebuild a new international monetary system, creating the conditions for a new global system that involves all the main global players, and reducing the crisis to a maximum of 3 to 5 years; or they strive to prolong the current system, thrusting the world into a decade long tragic crisis starting at the end of 2009...