Relaunching Capitalism

NEW WORLD ECONOMIC ORDER?

Not likely. The G20 laid blame but delivered little of substance.

Unfortunately, it can't and it won't...

http://pacificgatepost.blogspot.com/2008/11/g20-lays-blame-but-no-solutions.html

Thet used to have three words that helped a lot in these sorts of things...I wonder if anyone still knows how to pronounce them?

Buy American Made!

And one of the new regulations we need is about how large we let an individual company get. "Too Big To Fail" is a disease within the free market, and now Paulson is allowing HUGE banks, already considered too big to fail to buy up smaller banks with federal money..thus making them "WAY TOO BIG TO EVER FAIL".

We need to relaunch our government, not capitalism. Capitalism is the same as it ever was. The problem here is that the Republican Bush Administration dragged our government into the sewer.

Everybody wants a bailout. A handout. And they expect it because our Republican Administration can be manipulated by anyone. It is corrupt.

Republicans really really need to clean up their sordid act. Republican corruption is coming out of the woodwork. Please read this just-published diary on new facts that just came out in the Siegelman case. http://www.dailykos.com/storyonly/2008/11/15/114420/13/618/661459

The case is a microcosm of all that is so wrong with the Republican Party. They have lost their souls.

In my opinion some of the current problems simply can not be solved. How can the G20 resolve the problem of approximately 60 Trillion U.S. Dollars represented by Credit Deribatives that have gone bad?
How can the G20 realistically get into an agreement that provides the same set of rules to all the world's markets, while at the same time policing the implementation of those rules without any Nasionalistic preferences?
How can the G20 devise a new international currency badly needed without the absolute opposition of the U.S.A. ?
How can the G20 stop the U.S. Dollar from collapsing under the weight of 12 Trillion Dollars of debt, 1% interest lending, a sky rocketing M1 liquidity, the worst recesion since the 30's on it's way, and the firm (but undeclared) belief by Mr. Bernanke that the best way out of our debt is trough the devaluation of our currency .... Just as Roosvelt did it in the Great Depresion.

We dear friends are in a real bind. When the dust settles we will find ourselves in a new world we will not be able to recognize. Our beloved nation will no longer be the world" s economic superpower, our U.S. Dollar will be devalued in relation to all major currencies, and will no longer be considered the International Reserve Currency.

We as a Nation will have to dig deep, and earn again our place in the world by producing more instead of consuming more. By saving more instead of spending more. By demanding (for a change) real results from our politicians, and changing our partisan support in preference for pragmatic support.

The above mentioned problems can take down the entire financial system, and there's not a thing the G20 can do to stop it I am afraid.