Rich Folks Still Setting Agenda, Still Pretending They're Not

Doesn't $1.1 trillion seem small to you?

Earlier this month, the twenty most powerful/wealthy nations got together to talk about how to solve the problems Earth's economy is facing. It seems it's set to contract for the first time in thirty years. Huh. Neat.

This was Obama's first big deal abroad and here is, in part, what the above-displayed article from NYTimes.com reported about him back on April 2, 2009:

"Today, we've learned the lessons of history," Mr. Obama declared in a news conference in which he was noticeably relaxed, taking questions from journalists from India and China. But he also said that getting more than 20 countries to agree to common steps was particularly hard because "each country has its own quirks."

The meeting, he said, exemplified the power of developing nations, heralding a new age in which decisions about the future of the global economy will no longer be made by an elite club of Western powers that have set the global rules since the Bretton Woods agreement in July 1944.

Really?

What do you call 20 rich folks in a big room in the UK, exactly?

Another thing that bugs me about this is that $1.1 trillion is nothing compared to the amounts we've been spending here in the US on our own economy. Wasn't it over $4 trillion we spent just last autumn when we bailed out banks?

What's worse is that this is a lot of money to prop up an economic system that just may have reached it's shelf-life. There's talk of creating one super-sized mega-system--a single, global economy with one currency.

I really hope that doesn't happen. Not just because it would make the New World Order freaks pee themselves with "I-told-you-so" flavored glee, but because bigger is NOT better.

The whole problem here is that things got so big they crumbled under their own weight. I think we need more, smaller economic systems. I'm fine with trading with other nations, but "globalism" doesn't appear to work when taken so far.

Just my ¥2, of course.

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