Has G20 altered the medium to long term outlook?

The main things that were agreed at the G20 summit were:-

1. The world's financial system is in a pickle
2. There will be a new 'world order' passing more influence from the US and developed countries to eastern countries
3. More central bank support is required
4. The IMF will have more money to lend probably by selling part of its gold
5. China is not happy about US QE as that is likely to devalue the dollar, and China has massive dollar holdings in treasuries

Meanwhile, the unemployment rate in the US rises to 8.5% with forecasts of 10% or more, to follow. Obama says that bankruptcy is the best way out for GM. US Treasuries fall. British Airways traffic fell 7.4% last month. UK house prices fell 1.9% in March.

I don't really think that this week has done anything for the current crisis. The publicity and support from central banks probably helped to push the stock markets a little bit higher but they show signs of wanting to fall back again. I'm afraid that the whole thing was a rather pointless waste of everyone's time -- principally because everyone had their own agenda and had already decided on the outcome.