We have little concrete indication what this summit will be about other than some themes that include: America-bashing, more regulation, and insulating countries from American influence. Will the summit be about creating a world central bank? No, although anything is possible. No, because States like their independence and because getting to that requires a lot of groundwork that hasn’t been laid. (It’s hard to imagine a new central bank currency that replaces the Yen, the Euro, the dollar, and the renmimbi.) At best, and I don’t foresee even that, they would commission studies of such a thing. Instead, the push … Continue reading What will this financial summit be about?