The  split between the US and the G20 is far more significant than believed. Wanting to smooth over its differences, the G20 presented a united front in Toronto, but the G20 is anything but united. For the first time since the crisis happened, the rest of the G20 nations are refusing to follow the US.

The borrow and spend policies of the US are, in fact, responsible for the problems that plague the world today; nonetheless, it was a surprise that the rest of the G20 would not follow the US on its path of continued spending.

The cost of cutting budgets will be high and the benefits gained may be too little too late. But the world is no longer willing to follow the US.

America will pay for its continued profligacy but that's a story for another day, a day that will arrive sooner than America thinks.

 Good luck,

Darryl Robert Schoon

www.survivethecrisis.com

www.drschoon.com