Published 3 days ago in The Financial Times LEAP/E2020 I submit the letter to the leaders of the G20.
The group message is clear: this is the last chance that history is allowing the current international system. Either you take concrete decisions immediately, and start by summer, or will global geopolitical instability.
This is a translation from the English translation that I will only provide, not share nor disown, but judge it without taking it for what it is: a final wake-up call for leaders of the old world.
I invite you to read the same way, without judging, without necessarily fully share it or reject it in full.
Everyone then draws his conclusions
The group message is clear: this is the last chance that history is allowing the current international system. Either you take concrete decisions immediately, and start by summer, or will global geopolitical instability.
This is a translation from the English translation that I will only provide, not share nor disown, but judge it without taking it for what it is: a final wake-up call for leaders of the old world.
I invite you to read the same way, without judging, without necessarily fully share it or reject it in full.
Everyone then draws his conclusions
Ladies and gentlemen,
Your next summit will take place in a few days in London, but are you aware that you have less than a semester to ensure that the world fall into a crisis that will require at least a decade to resolve, accompanied by a whole series of tragedies and turmoil? Therefore, this open letter to LEAP/E2020, which saw the arrival of a "global systemic crisis" three years ago, aims to explain briefly what and 'what happened and how to limit further damage.
If you began to suspect the dawn of a significant crisis in less than a year ago, LEAP/E2020, the second issue of the Global Europe Anticipation Bulletin (issue N ° 2), had anticipated that the world was about to enter the "activation phase" of a crisis of historic proportions. Since then, month after month, LEAP/E2020 has continued to produce highly accurate forecasts on the development of this crisis with which the world is fighting today. For this reason, we feel compelled to write this open letter which we hope will help you in the choices that you should take a few days.
The crisis is becoming increasingly dangerous. Recently, in the 32nd edition of the Report , LEAP/E2020 raised an alarm of direct relevance to you, the leaders of the G20. If he met in London on April 2, will not be able to adopt a set of concrete decisions and innovative, focusing on key points and issues, and launch it by the summer of 2009, the crisis will enter the stage of collapse global geopolitical by the end of the year, with consequences for the international system and the very structure of the largest political organizations such as USA, Russia, China and the EU. After that, all your ability to control the fate of 6 billion people the world is over.
Your selection: 3-5 years long crisis or a crisis at least long-a-decade? ( deepening )
To date, there are simply busy with the symptoms and side effects of this crisis because, unfortunately, nothing has prepared you to face a crisis of such historical significance. You thought that adding more (oil) oil * the global engine would have been sufficient, unaware that the engine was broken, while the international system deteriorates further every month.
In the case of a serious crisis, one must go to the heart of the matter. The only choice is between taking a set of radical changes, which significantly shorten the duration of the crisis and its tragic consequences, the output decreases, or, conversely, refuse to make any changes in an attempt to save what 'that is the current system, extending the life of crisis and increasing all the negative consequences. In London, on 2 April, you can open the way for resolving the crisis in a comprehensive way within 3-5 years, or drag the world into a terrible decade.
We just give you three recommendations that we consider strategic in the sense that, according to LEAP/E2020, if not begin by the summer of 2009, the deopolitico global instability become inevitable by the end of this year onwards.
Three policy recommendations of LEAP:
1. The key in solving this problem lies in the creation of a new international reserve currency!
The first recommendation is a simple idea: to reform the international monetary system after World War II and create a new international reserve currency. The U.S. dollar and economy are no longer able to sustain the current economic, financial and monetary global. Until this strategic issue is not addressed and resolved directly, crisis will grow. E 'is the heart of the crisis of financial derivative products, banks, energy prices ... and (heart) the consequences in terms of mass unemployment and falling living standards. E 'therefore vital for this to be the main topic of the summit of the G20, and that the first steps toward a solution are started. In fact, the solution to this problem is well known, and is creating an international reserve currency (which might be called the "Global") based on a basket of currencies corresponding to the largest economies, namely U.S. dollars, Euro, Yen, Yuan, Khaleeji (the common currency of the oil-producing Gulf states, which will start in January 2010), Ruble, Real ..., maintained by a "World Monetary Institute," whose board of directors will reflect the relative weight of the economies whose currencies make up the Global.
** You must ask the IMF and central banks concerned to prepare this plan in June 2009, with the implementation date to January 1, 2010. This is the only way you regain control about current events going on, and this is the only way for you to develop a global management based on a shared valley at the heart of business and finance. According to LEAP/E2020, if this alternative to the current monetary system collapsed not will be launched by the summer of 2009, demonstrating that there is an alternative approach "every man for himself", the international system of today will not survive the summer.
If some member of the G20 think it is better to maintain the privileges attached to the "status quo" as much as possible, should reflect the fact that, if today they can still significantly influence the future shape of the new global monetary system once the phase of the global geopolitical instability will be initiated, they will lose all ability to do so.
2. Prepare schematic plans of the banks before possible!
The second recommendation has already been mentioned many times in the preliminary discussions of your upcoming summit. It should be easy to adopt. The creation, by the end of the year, a scheme of banking supervision on a global scale, which would eliminate the current gaps blacks. " A set of options have already been suggested by your experts. Decide now: nationalize financial institutions when necessary! It 's the only way to prevent a recurrence of massive debt on their part (the type of events that have contributed significantly to the current crisis) and show the public that you have some credibility in the bargain with bankers.
3. Make sure that the IMF will assess the financial systems in the U.S., UK and Switzerland!
The third recommendation relates to a politically sensitive topic, which can not 'be ignored. It 'important that, no later than July 2009, the IMF found the G20 an independent assessment of the three national financial systems at the heart of the current financial crisis: U.S., UK and Switzerland. No recommendation can 'be effectively implemented as long as no one has a clear understanding of the damage caused by the crisis in the three pillars of the global financial system. It is no longer time to be educated with the nations that are central to the financial chaos.
Write a final statement short and simple!
Finally, please let us remind you that your purpose is to restore confidence to 6 billion people, and among them, millions of public and private organizations. Therefore, do not forget to write a brief statement - no more than two pages, which present a maximum of 3-4 ideas that non-experts can read and understand. If you fail to do so, nobody will read what you have to say other than a small grupo specialists, and is therefore not revive public confidence and the crisis is likely to worsen.
If this open letter helps you to understand that history will judge you depending on the success or failure of this Summit, it will be helpful. According to LEAP/E2020, your citizens will not wait more than a year before judging.
This time, at least, you can not say nobody warned you!
Franck Biancheri
Director of Studies of LEAP/E2020, www.leap2020.eu
President of Newropeans www.newropeans.eu
Who wants to leave the further link to the source, beyond this point where you can find analysis and advice I suggest you read.
DAMAGE global geopolitical
Analysis Part 1 REPORT REPORT
Analysis Part 2 Analysis
REPORT Part3
Your next summit will take place in a few days in London, but are you aware that you have less than a semester to ensure that the world fall into a crisis that will require at least a decade to resolve, accompanied by a whole series of tragedies and turmoil? Therefore, this open letter to LEAP/E2020, which saw the arrival of a "global systemic crisis" three years ago, aims to explain briefly what and 'what happened and how to limit further damage.
If you began to suspect the dawn of a significant crisis in less than a year ago, LEAP/E2020, the second issue of the Global Europe Anticipation Bulletin (issue N ° 2), had anticipated that the world was about to enter the "activation phase" of a crisis of historic proportions. Since then, month after month, LEAP/E2020 has continued to produce highly accurate forecasts on the development of this crisis with which the world is fighting today. For this reason, we feel compelled to write this open letter which we hope will help you in the choices that you should take a few days.
The crisis is becoming increasingly dangerous. Recently, in the 32nd edition of the Report , LEAP/E2020 raised an alarm of direct relevance to you, the leaders of the G20. If he met in London on April 2, will not be able to adopt a set of concrete decisions and innovative, focusing on key points and issues, and launch it by the summer of 2009, the crisis will enter the stage of collapse global geopolitical by the end of the year, with consequences for the international system and the very structure of the largest political organizations such as USA, Russia, China and the EU. After that, all your ability to control the fate of 6 billion people the world is over.
Your selection: 3-5 years long crisis or a crisis at least long-a-decade? ( deepening )
To date, there are simply busy with the symptoms and side effects of this crisis because, unfortunately, nothing has prepared you to face a crisis of such historical significance. You thought that adding more (oil) oil * the global engine would have been sufficient, unaware that the engine was broken, while the international system deteriorates further every month.
In the case of a serious crisis, one must go to the heart of the matter. The only choice is between taking a set of radical changes, which significantly shorten the duration of the crisis and its tragic consequences, the output decreases, or, conversely, refuse to make any changes in an attempt to save what 'that is the current system, extending the life of crisis and increasing all the negative consequences. In London, on 2 April, you can open the way for resolving the crisis in a comprehensive way within 3-5 years, or drag the world into a terrible decade.
We just give you three recommendations that we consider strategic in the sense that, according to LEAP/E2020, if not begin by the summer of 2009, the deopolitico global instability become inevitable by the end of this year onwards.
Three policy recommendations of LEAP:
1. The key in solving this problem lies in the creation of a new international reserve currency!
The first recommendation is a simple idea: to reform the international monetary system after World War II and create a new international reserve currency. The U.S. dollar and economy are no longer able to sustain the current economic, financial and monetary global. Until this strategic issue is not addressed and resolved directly, crisis will grow. E 'is the heart of the crisis of financial derivative products, banks, energy prices ... and (heart) the consequences in terms of mass unemployment and falling living standards. E 'therefore vital for this to be the main topic of the summit of the G20, and that the first steps toward a solution are started. In fact, the solution to this problem is well known, and is creating an international reserve currency (which might be called the "Global") based on a basket of currencies corresponding to the largest economies, namely U.S. dollars, Euro, Yen, Yuan, Khaleeji (the common currency of the oil-producing Gulf states, which will start in January 2010), Ruble, Real ..., maintained by a "World Monetary Institute," whose board of directors will reflect the relative weight of the economies whose currencies make up the Global.
** You must ask the IMF and central banks concerned to prepare this plan in June 2009, with the implementation date to January 1, 2010. This is the only way you regain control about current events going on, and this is the only way for you to develop a global management based on a shared valley at the heart of business and finance. According to LEAP/E2020, if this alternative to the current monetary system collapsed not will be launched by the summer of 2009, demonstrating that there is an alternative approach "every man for himself", the international system of today will not survive the summer.
If some member of the G20 think it is better to maintain the privileges attached to the "status quo" as much as possible, should reflect the fact that, if today they can still significantly influence the future shape of the new global monetary system once the phase of the global geopolitical instability will be initiated, they will lose all ability to do so.
2. Prepare schematic plans of the banks before possible!
The second recommendation has already been mentioned many times in the preliminary discussions of your upcoming summit. It should be easy to adopt. The creation, by the end of the year, a scheme of banking supervision on a global scale, which would eliminate the current gaps blacks. " A set of options have already been suggested by your experts. Decide now: nationalize financial institutions when necessary! It 's the only way to prevent a recurrence of massive debt on their part (the type of events that have contributed significantly to the current crisis) and show the public that you have some credibility in the bargain with bankers.
3. Make sure that the IMF will assess the financial systems in the U.S., UK and Switzerland!
The third recommendation relates to a politically sensitive topic, which can not 'be ignored. It 'important that, no later than July 2009, the IMF found the G20 an independent assessment of the three national financial systems at the heart of the current financial crisis: U.S., UK and Switzerland. No recommendation can 'be effectively implemented as long as no one has a clear understanding of the damage caused by the crisis in the three pillars of the global financial system. It is no longer time to be educated with the nations that are central to the financial chaos.
Write a final statement short and simple!
Finally, please let us remind you that your purpose is to restore confidence to 6 billion people, and among them, millions of public and private organizations. Therefore, do not forget to write a brief statement - no more than two pages, which present a maximum of 3-4 ideas that non-experts can read and understand. If you fail to do so, nobody will read what you have to say other than a small grupo specialists, and is therefore not revive public confidence and the crisis is likely to worsen.
If this open letter helps you to understand that history will judge you depending on the success or failure of this Summit, it will be helpful. According to LEAP/E2020, your citizens will not wait more than a year before judging.
This time, at least, you can not say nobody warned you!
Franck Biancheri
Director of Studies of LEAP/E2020, www.leap2020.eu
President of Newropeans www.newropeans.eu
Who wants to leave the further link to the source, beyond this point where you can find analysis and advice I suggest you read.
DAMAGE global geopolitical
Analysis Part 1 REPORT REPORT
Analysis Part 2 Analysis
REPORT Part3
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