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World leaders gather for summit on financial crisis

World Nov. 15, 2008 - 06:29AM JST ( 3 )

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some14someNov. 15, 2008 - 09:23AM JST

At the end of the day, financial crisis will deepen further in industrialized countries, any help from IMF? what help? I'm Finished.
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FromEuropeNov. 15, 2008 - 10:40AM JST
The G-20’s Secret Debt Solution

by Larry Edelson 11-13-08 Larry Edelson If you think this weekend’s G-20 meetings in Washington are only about designing short-term fixes to the financial system and regulatory reforms for banks, hedge funds, brokers, mortgage companies and investment banks … think again. Behind the scenes, a far more fundamental fix is being discussed — the possible revaluation of gold and the birth of an entirely new monetary system. I’ve been studying this issue in great depth, all my life. And given the speed at which the financial crisis is unfolding, I would be very surprised if what I’m about to tell you now is not on the G-20 table this weekend. Furthermore, I believe the end result will make my $2,270 price target for gold look conservative, to say the least. You’ll see why in a minute. First, the G-20’s motive for a new monetary system: It’s driven by and based upon this very simple proposition …
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“If we can’t print money fast enough to fend off another deflationary Great Depression, 
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then let’s change the value of the money.”

I call it … The G-20 may propose devaluing all currencies, including the U.S. dollar and the euro. The G-20 may propose devaluing all currencies, including the U.S. dollar and the euro. “The G-20’s Secret Debt Solution” It would be a strategy designed to ease the burden of ALL debts — by simultaneously devaluing ALL currencies … and re-inflating ALL asset prices. That’s what central banks and governments around the world are going to start talking about this weekend — a new financial order that includes new monetary units that helps to wipe clean the world’s debt ledgers. It won’t be an easy deal to broker, since the U.S. is the world’s largest debtor. But remember: Debts are now going bad all over the world. So everyone would benefit. Fed Chairman Ben Bernanke … Treasury Secretary Paulson … President Bush … President-elect Obama … former Fed Chairman Paul Volcker … Warren Buffett … and central bankers and politicians all over the world agree a new monetary system is needed. The G-20 may propose devaluing all currencies, including the U.S. dollar and the euro. So they’ll start hashing out the details to get the new financial architecture deployed as quickly as possible. (continued)

http://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=84985
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rajakumarNov. 15, 2008 - 08:00PM JST

Fending off deflation in G-20 via change of value of currencies,USD,Euro and Yen. This may be a new financial architecture restructure to reverse slow down.

The financial new architecture experiment plans/ideas should be be told to global media for more feedbacks/criticisms.

Higher currency values mean hedge funds people will have more power to buy shares and be pushing up stocks. Economic confidence should be put back in systems. This may be a way.

There also can many other ways if all G20 nations agree to work in unity to fend off slowdown.

There also can be way of via integration of all Euro,Yen,USD,pound by set up of new global monetary authority. This set up of one global giant G20 reserve united with US feds can be a big new authority controlling money value/interest rates/other monetary functions of G20 nations.

Instead G20 money issuing authorities safeguarding their own currencies now there will be just one big G20 monetary authority to up global trade and boost prosperity.

One giant G20 monetary authority with various G20 nationalities working will give the one big global economic power force to fend of 2008 economic woes and promote global trade stability/growth.

Future economic new dynamic architecture directions may have many new cure experiments/ideas/suggestions. The problem has been created,the solution ideas need to be brainstormed by all parties.