The G20 meeting held in Hamburg, Germany on July 7-8 did not produce anything resembling the kind of policy initiatives required to defeat the deadly crisis facing humanity, and the trans-Atlantic sector in particular. It did not address the global financial crisis, with its $1.5 quadrillion in bankrupt derivatives speculation. It did not discuss implementing a global Glass-Steagall policy, nor a Hamiltonian credit system, which alone can reverse the deadly collapse of the Western physical economies, as Lyndon LaRouche has conclusively shown in his Four Laws. Nor did it pose the issue of replacing geopolitics and war with a new approach to global relations. So in that sense, the G20 summit fell completely short of what it should have accomplished.READ MORE