G20

The LMIM Fiasco is destined to become a major embarrassment to the Australian Prime Minister, The Hon Tony Abbot MP, in his role as Chair of the G20 2014.

    1. Here is a first look at the G20 2014 agenda and five reasons why Australian authorities must act now in the LM debacle to avoid being labelled hypocrites by the world press and bringing down the G20 representation as a sham.Anti-Corruption:

    2. (Wikipedia - corruption is spiritual or moral impurity or deviation from an ideal. Corruption includes activities of bribery and embezzlement).

    3. Quote 'Fighting Corruption - There are practical steps that all G20 members can take to reduce the costs of corruption for growth and development.

    4. Unquote.

    5. LMIVC suggests - The Australian governments continued disappointing neglect of the LMIM debacle and the ruined lives of many victims completely undermines this respectable Anti-Corruption initiative. Australia must act speedily and pro-actively in unequivocally denouncing LMIM's ugly, reckless destruction of private wealth to recover international respect or risk further ridicule atop the G20 pedestal.

  1. Empowering Development:

    1. Quote 'Australia's priority for 2014 is to link development actions to growth by creating the conditions for developing countries to attract infrastructure investment.'

    2. Unquote

    3. LMIVC suggests - Australia facilitated conditions for LMIM's crooked growth and it's apocalyptic, ruinous downfall. Acceptance, demonstrated by compensation and restitution direction for victims, of those parlous conditions is the key to a re-modeling of its own investment draw and any credence to this 'priority'. Diseased doctors deliver diseased patients.

  2. Financial Regulation:

    1. Quote 'Over the past 5 years, G20 members have agreed and are implementing, a broad range of policy reforms to promote financial stability'

    2. Unquote

    3. LMIVC suggests - Without the ability and capacity to properly apply and execute policy, policy reform is meaningless. After the epic 2009 FMIF crash, track absence of the ASIC pace car led, unmistakably, to ruined lives.

  3. Fiscal & Monetary Policy:

    1. Quote 'During the Australian presidency, the G20 will strengthen the Framework through the development of comprehensive growth strategies by each member. These will focus on the macroeconomic policies as well as the broader reforms needed to support growth such as measures to empower the private sector and boost investment (particularly in infrastructure), trade and employment.'

    2. Unquote

    3. LMIVC suggests - the AU$750m Australian LMIM investment fiasco is well down the road of ruining investors lives across the world. Through a G20 ennobled display of innovative investor care, Australia have the opportunity to turn a disaster into a G20 nation leading recovery success by ensuring that all possible avenues to compensation and restitution are open and obstacle free. A gleaming, Australian, G20 worthy 'We're Serious!' program to capture the attention and re-secure the faith of investors, investor organisations and investor institutions across the world.

  4. Investment & Infrastructure:

    1. Quote 'Australia will work with other G20 nations to deliver measures that aim to boost investment by the private sector.'

    2. LMIVC suggests - private sector investment is enabled and promoted by a stable, well performing, effectively regulated financial services environment. There will always be attempts to cheat the system. Australian authorities in their dereliction of duty allowed LMIM to succeed. Thousands of investors have lost millions of dollars as a result.

    3. The admirable G20 Australia 2014 agenda can only be of worthy substance if Australia sets an example in its year of G20 presidency and resolutely addresses debacles in it's own back yard. Australia has a duty to the future of the G20 and all of the G20 member nations to stand in an exemplary position this year. Talk only, cannot suffice.

    4. Here is the Australian governments opportunity to display outstanding care and support for individuals who create the personal wealth that is the very DNA of private sector investment! Upstanding, ethically and morally sound individuals that have studied hard and worked hard often in tough and highly competitive and challenging environments for decades of their life. Individuals that Australia are currently beckoning with one hand and bloodying with the other.