Could someone explain, in small words, exactly how the G20 will save mankind?

[JackBauer]

So they have pledged money to go to the IMF. Okay. And that will kickstart the global economy.
Now it may be lack of sleep or PMT but I am confused so could anyone help me out with the following.

If we are all in so much debt (governments included) then where is this money coming from?
How will it help 'kickstart' global trade? Surely to be able to sell things there have to be buyers but the buyers have no money as well as the manufacturers.

thanks!

Don't know the answers but wanted to know the same thing so am posting so I can follow the thread.

They're probably going to print in their sheds. Maybe they will give everyone a £1000 to go and spend.

Thanks Riven, this si what is confusing me. If they give money to large companies/banks etc then how does that help me?
All you hear is 'money to be pumped into economy' Well (as a rather grim analogy) if soemone is bleeding profusely you need to fix that as well as pumping more blood in, or it is just wasted effort.

Small words? I can do it in 2 small words.

it
won't

Hecate

Fair enough!

So why aren't the papers/news saying that instead of deluding the masses with'Look at these important people and their pretty wives, they will save us all from recession, aren't they great'

So why do they thin it will work, what exactly are they going to do? With 2 toddlers I find it hard to concentrate past the waffle tbh!

i suppose it's to give hope isn't it....not sure if the summit will change much for the avarage person...time will tell i guess.

I suppose they think that most people will think that they can start getting loans/mortgages/taking on debt again or soemthing.
But no-one can tell me yet how the money has been pledged when all we hear is the government and other countries are in debt.
And who exactly will get it? Banks? Factories?

ok;

a $250billion global overdraft facility for troubled economies

sanctions on tax havens, tougher international financial regulation

a $500billion boost for the IMF to bail out failing nations

$250billion to support world trade

G20 are meeting again in september

OKay. (home from work)
I get all that but I am still confuddled. What does all that mean

a $250billion global overdraft facility for troubled economies
To do what with? from where, the IMF?

sanctions on tax havens, tougher international financial regulation
OKay, fair enough

a $500billion boost for the IMF to bail out failing nations
Where does this money come from? If so many nations are failing how can some afford to give this much money, and what's in it for them

$250billion to support world trade
And this is the kicker. who does this money go to, how wil it support world trade?

It's all meaningless to me. Is that the point? Am I not supposed to question it?!

No-one?

the IMF is the international monetary fund...

where does the money come from?? where do you think?....us...the tax payer!

Oh, I know what the IMf is, and that it will come from us as all teh governments money does. But I thought our government was in debt, so what I meant was will it all come from other countries like China or Korea? Or are we pledging money when we don't have any to start with?

(Don't hate me daftpunk!)

lol..i don't hate you..

listen, i have very limited knowledge of the IMF..i only know what i here on the news and read in the paper.....i can't understand why no one else has answered you tbh??

yep, we are in debt...(so are loads of countries)...but being in debt doesn't stop us from going to war does it?...where is that money coming from?

i think all the member countries of the IMF have a quota of how much they need to pay in...bigger/richer ones paying in more....the money they lend to poorer countries of course attracts interest, so money is earnt that way too.

don't forget, the global financial crisis we are experiencing atm is something most of us haven't seen before, (something alot of politicians haven't seen before) so no one really knows if all the measures the IMF have drawn up will actually work?....they are meeting again in sept...(not here, New York)...i guess to look at the prgress.

there really isn't a simple answer to your question, but i guess you could look at the IMF as a bank that dishes out money to the needy, and gets it back with interest.

Thanks, makes it a bit clearer.
I do keep bumping to see if anyone else will answer my plea but either everyone is as confused as me or I am being ignored again