"A Tectonic Shift. . ."

[ensho]

http://counterpunch.com/martin10142008.html


Breakdown of the Globalization of Individuality
A Tectonic Shift in Hegemony at the G7


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The Oct G7 meeting was a real kick in the teeth for the currently prevailing American System of Finance, ( i.e Federal Reserve, IMF and World Bank) and the machinations of it’s aspirations in form of best laid scheme. It marked a tectonic shift in terms of macroeconomics and hegemony in the financial channel of Globalisation. European Union to America: ‘We don’t want your solution, we don’t want your money’.

Of course that wasn’t stated directly, there is a code to be complied with, and a world of discrete meaning in Diplomacy. As in:

"We will have to coordinate internationally, but beyond that there should be room for nation-specific solutions,"
German Finance Minister Peer Steinbrueck

"We should not imagine that we will have a harmonised response that will be the same for everyone, quite simply because you cannot apply the same method to market situations that are different,"
French Economy Minister Christine Lagarde

“Governments need to move on from simply agreeing on a general approach".
UK Chancellor of the Exchequer, Alistair Darling

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