On the G20 meeting

The G20 meeting is a step up. At least there is a fairer representation of the worlds population. Not perfect since the EU gets five bites. Countries that should be there that aren’t are Nigeria, Iran, Egypt and Pakistan. The USA will expect that Mexico, Canada, UK and Australia will be in their corner. The EU block will be Germany, France and Italy with the EU itself and some moral support from Turkey. The rest will be factions unto them selves. Russia and Saudi Arabia have common interests. 

The joke is that Australia’s natural allies are Russia and Saudi Arabia. We cannot afford to alienate any of our Asian partners. An interesting time will be had by all.

It does look like China will announce what it thinks the US dollar should be worth. This is going to constrain US policy. This is going to be more important than the presidential reality show that has just finished.

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