Nonsense & Sense on G-20 - and Kleptocracy

There is a bizarre news report on what our finance minister P Chidambaram expects from the G-20 meet in Washington DC. To quote:

India’s concerns at the Group of 20 (G-20) developed and emerging nations would be three-fold. One, the global financial system must become more inclusive; two, growth of the developing economies must be protected and, three, the leading economies of the world must guard against protectionist tendencies.

This is the same old Kamal Nutt rant: Export Everything, Import Nothing.

We need protection. You open your markets.

Looks like Manmohan & Co. are all Nutts Inc.

Now contrast this with what Ron Paul says about the G-20 meet.(Thanks to LRC.)

This video is a must watch.

He says this is an "opportunity to speak about sound money." He says that the G-20 is angling for an international central bank - and that is a "horror." I wholeheartedly agree.

Ron Paul was a Republican party candidate for president. Looks like the US and the world lost when Ron Paul lost.

At least we at Antidote supported Ron Paul.

Finally, some bizarre news on India's Kleptocratic State:

In Andhra Pradesh, only the state agency Andhra Pradesh Beverages Corp. Ltd (APBCL) has the right to purchase alcoholic beverages from companies through quotation. It also fixes the consumer price and supplies beer to private retailers.

In my book, such "kleptocratic" activity by government should be illegal, debarred by the Constitution of the Second Indian Republic.