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Dec 9, 2010
Bishop Hill in Greens

From Jo Nova

Western countries will jointly provide $100 billion a year by 2020 to an unnamed new UN Fund. To keep this sum up with GDP growth, the West may commit itself to pay 1.5% of GDP to the UN each year. That is more than twice the 0.7% of GDP that the UN has recommended the West to pay in foreign aid for the past half century. Several hundred of the provisions in the Chairman’s note will impose huge financial costs on the nations of the West.

This looks gobsmacking. Needs careful checking though.

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