Busted: Bankers and The Global Economy

November 13, 2008

Bush Continues to Drag Heals on Change

Today at the Manhattan institute in New York City, the home of Wall Street, George Bush defended the nation’s free enterprise system of business as the cure for the global financial crisis rather than the cause. “Government intervention is not a cure-all,” a hint that he is not going to sway to pressure for what he clearly sees as restrictive rules while the majority of world leaders see a new protective financial architecture that will save the world. The change is all about power.

george-bush-2008“Our aim should not be more government, it should be smarter government.” President Bush is clearly trying to straddle the fence on the financial crisis. He sees governments share the blame while advocating tougher accounting rules and updated processes. It would seem that George Bush wants the world to remain the same. At the very least, he is doing a good job pretending.

“In the wake of the financial crisis, voices from the left and right are equating the free enterprise system with greed, exploitation and failure.” George Bush has it right. The world and much of the nation’s smaller businesses see that having allowing the takeover of the nation’s and much of globe’s financial fortunes has led to the failure that he indicated. Few people are damning all business, just the kinds of businesses that ruled the economic engine and insured the future for billions.

“The crisis was not a failure of the free market system. And the answer is not to try to reinvent that system.” The real problem resides in the fear within government. Because of the fear of change and loss of control, the U.S. government has bailed out business that should have met its’ own truth without invention. Now that the Bush administration has intervened, the failure to continue to intervene becomes what might appear to be an eternal conundrum.

Europeans want a pledge for concrete changes in just 100 days. The International Monetary Fund said economies of the U.S., European Union and Japan were subject to contract in 2009 as part of the first annual decline by the advanced economies since World War II. You’d think the world was over. However, this is an opportunity for change and new control measures. It just so happens that many leaders are gung ho about a change.

No one is openly suggesting that the free-enterprise business system change. What is being suggested is that the means of oversight and structure must change regarding banking and finance. Banking and finance is not the whole of the business world. More transparency and workability are needed, yet the U.S. finds itself resistant to that. That means that government must change, which is where the real concern and fear exists. The U.S. government likes the control system just like it is. Even so, the propensity for upcoming change is part of the growing digital economy. There is an effort to force the change. ~ E. Manning

November 11, 2008

Britain: New Global Order and Finance

the only thing to fear is fear itself

the only thing to fear is fear itself

History seems to be in the making. The British Prime Minister is on the forefront of digital and economic globalization that sees the current turmoil in the world economy offers a chance to build a “new global order” based on cooperation and opportunity.

Mr. Brown summarized his approach as internationalist, interventionist and progressive, an approach he believes should make the world confident for the future, making 2008 a year to be remembered not for the financial crash, but for the way in which the world “endured it and prevailed”.

pm-and-lord-mayor-banquetOnce again, the British are on the forefront of promoting a new empire of global unity as an enduring power of ideals that promotes a global society that rises to meet challenges as they arise. The Prime Minister sees financial stability as an international duty of peace and unity. He wants to use U.N. peacekeepers to enforce the peace through the reduction of weapons, both nuclear and otherwise.

He speaks of getting behind the United States to bring about a new change of global mission even though at this time, neither George Bush or Barack Obama are now speaking about this mission. Barack Obama has dropped hints. Could something be going on behind the scenes that isn’t public knowledge? This prospect seems likely.

Prime Minister Brown gives high meaning to what he sees as the new Bretton Woods accord, involving the creation of a new monetary age and a new age of international cooperation. He is promoting getting rid of old orthodoxies in exchange for building on a new global solution of prosperity through the World Bank and new measures to sustain growth. This effort seems to built around the charismatic conviction of Gordon Brown and Barack Obama. You should be paying attention. For those that are concerned with Biblical prophecy, this is a very interesting item to take note of. ~ E. Manning

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