Controlling World Finances. Part Two.

A few thoughts on the assumption that all countries have nationalised their own banks, this thinking process is in no particular preconceived order apart from the first. This thought has been crystallised during the last few days as Greece has battled to negotiate an aid package to help them handle massive debts. Leaving aside the very important question as to how that debt burden was allowed to get out of hand, the pressing need is to stabilise the situation as quickly as possible. Every normal person in the world must feel a deep sense of compassion for the relatives and friends of the three people who died in a blazing bank. The thought that was crystallising in my mind was the critically important one in regard to nationalised banks, that thought being how an internationally recognised method of evaluating the exchange rates of different countries can be agreed on. Perhaps normal market forces will prevail but any attempt to make the forces abnormal should be treated with zero tolerance and severely punished. This problem however is intensified when a group of countries use a common currency.

Greece uses the Euro and that is creating unique problems that need immediate solutions. I hope that the EU itself comes out of this crisis intact. The thought springs to mind that noble attempts to improve the World, or segments of it, will meet problems, of varying degrees of severity, along the way. In my opinion there must be room for flexibility and determination, in overcoming such unforeseen problems, to enable the original concept to survive. In previous blogs I commented on the EU, I also suggested that governments should be free from party politics, and now the nationalisation of banks. These three concepts, the EU, Party Free Politics and the Nationalisation of Banks are, in my opinion, all noble ideals and should be pursued with a determination to iron out any problems met along the way. One of the largest problems, I am sure, will be to arouse the often dormant conscience in people's minds.

Several times I have suggested that the World Financial Armageddon would (SHOULD!) create a Watershed Moment in how the world is run, Party Free Politics and the Nationalisation of Banks would justify the use of the words, Watershed Moment. Thank you.
This blog will be continued in Controlling World Finances. Part Three.

Frederick W Gilling. Thursday 06 May 2010.