G20 - Make or Break?

  March 31, 2009

G20 - Make or Break?

Engdahl: The question in the EU is - will they go down with the dollar system or find their own way?
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F William Engdahl is an economist and author and the writer of the best selling book "A Century of War: Anglo-American Oil Politics and the New World Order." Mr Engdhahl has written on issues of energy, politics and economics for more than 30 years, beginning with the first oil shock in the early 1970s. Mr. Engdahl contributes regularly to a number of publications including Asia Times Online, Asia, Inc, Japan's Nihon Keizai Shimbun, Foresight magazine; Freitag and ZeitFragen newspapers in Germany and Switzerland respectively. His newest book is called "Gods of Money: Wall Street and the Death of the American Century". He is based in Germany.


As the G20 is set to begin on April 2nd in London, and as protests to it spread throughout Europe, Paul Jay speaks to Wiliam Engdhal about the significance of the summit. Engdahl says that, "the problem is that the G20 is an arbitrary construct that was hammered together largely by Washington in a vain attempt to keep the globalized system that they had created ... to keep the rules of the game intact." He says that, "the basis of consensus doesn't exist among the G20," because China, Russia, and Europe have different interests right now than to bail out the dollar.


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