Chopper G20 summit to bring the global stock market crash

 Chopper: G20 summit to bring out the global stock market crash
G20 summit on the economic growth slowed down and the Chinese and U.S. consumer confidence index fell concerns, the U.S. stock market crash, the Dow broke million points, the S & P 500 index hit a year the lowest since Oct. 30.
Earlier, China's stock market plunged 29, the Shanghai Composite Index fell to a 14-month lows, thus boosting the overall decline throughout the Asia Pacific market. Japan's Nikkei average closed at 9570.67 points, down 123.27 points, or 1.27%. including a Tokyo Stock Exchange Topix index of all stocks fell 8.61 points to 852.19 points, or 1.0%; 33 index closed down in 29. by the collapse of A shares, the Hang Seng Index tumbled 478 points at 20249 closing points, or 2.3%, Hong Kong stocks traded 59.0 billion in full-board; H share index closed 320 points at 11,536 points dropped, down 2.7%.
three major European indexes opened sharply lower in early trading 29 down after the shock, the three stock indexes fell by the close of more than 3%. UK FT100 index fell 157.46 points, or 3.10%, to close at 4914.22 points; the French CAC40 index fell 143.46 points, or 4.01%, at 3432.99 points; Germany DAX30 index fell 205.19 points or 3.33%, at 5952.03 points.
This is the G20 summit on global stock markets a best response. a bunch of politicians, a waste of taxpayer money, every day about something specious, it is meaningless. global economy development should build their own consultative mechanism that can not be composed only of politicians, and politicians are among the few economists, and some even know nothing about the economy, they come about the fate of the global economy, it is very funny The market plummeted in response to the global summit G20 is also very natural.
the current G20, politicians have done it? First, the debt problem of the euro is no solution. Greece, let alone debt service this year, only Interest on from last year's 11.9 billion euros increased to 150 million euros, and the Greek debt peak value of 2014 will reach 385.3 billion euros, Greece, debt is a bottomless pit, to solve the Greek debt problem requires not only political wisdom, a greater need financial innovation tools. But we see what is it? politicians struggle to fight to go, do nothing.
Second, there is no direction to explore global economic development. global bulk overvalued asset prices at least twice more in agricultural products the state monopoly, stagnation in technological innovation, industrial development lost momentum, increasing poverty in the developing world, major disasters around the natural frequency of ecological damage, but, what politicians Thinking again? big countries trying to plunder the development of the economic interests of countries, developing countries had to think about how their people looting, overdrafts have the resources can not be overdrawn.
three, G20 summit in the final results, only discussed the issue of reducing the fiscal deficit. budget deficit and national leaders What is the relationship, need to be discussed at the summit? Why can not we talk about the national debt? who is going to debt service for these mechanisms and the development of debt issuance. coming from the global economic crisis, some debt, it is an indisputable fact, however, countries issuers are increasing the scale, because a standard developed by the United States, although there is no basis, actually we are in compliance.
this standard is that the size of the national alert level of sovereign debt is 150% of GDP, the standard-setting There is no basis, total U.S. debt to the growing size of their excuses, because the United States this year, the debt will reach 13 trillion, less than 90% of GDP, therefore, the Americans said: I can continue to send debt. other heads of state, should question the behavior of the U.S. government to repeal the so-called 150% warning level of the standard, prompting countries around the world to reduce debts. Unfortunately, no one country accused the U.S. without the development of this without the criteria. < br> G20 summit ended, the global stock market crash, it is very normal reaction. because the world in the nonsense from the politicians can not see the prospects for global economic development and human development of hope. so the summit can be laid to rest. < br>