Busted: Bankers and The Global Economy

October 21, 2008

Global Financial Overhaul Recommended

A new form of capitalism is needed, based on values which put finance at the service of business and citizens, and not vice versa,” Nicolaus Sarkozy told leaders at an EU economic summit today. “The system must be completely overhauled, an overhaul that must be global.”

Now the Great Depression of America is being used as the classic example of economic failure, even though that crisis was focused in the United States. That is not the case this time. Toxic banking instruments have turned the world on its collective ear. This articulated radical overhaul undoubtedly will involve the relatively new digital economy with all kinds of security and financial protections in the name serving global citizens. In fact, the digital economy has become the de facto global economy, connecting the world as a singular body of people for information, global data sharing and ecommerce. Authorities just haven’t arrived at the global genesis of the New World Order of Finance and Government.

Authorities want global stability as well as financial security. Finance Ministers and Government leaders are looking for a new way to bring that possibility into reality. You should watch the financial accord overseas very closely, especially as the United States is brought increasingly into the picture. Central bankers as the main recipients of the ultimate solution have everything to gain and nothing to lose, creating a new global empire of power and wealth, even if it does take some time. ~ E. Manning

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