Guardian: Reports on the upcoming G20 meeting in Paris, the article states the following, “ ..major economies meet next weekend, they could be excused for having a sickening feeling of deja vu. ”. In 2009 the G20 had to deal with the banking crisis, as we are back again it seems it has to be asked, is the Western economy to follow the same path as 2009, massive bailouts for the banks or try something new, lets try something new, lets be honest folks since 2008 the debt problem has moved form the individual to the bank and then the State, thus the present Sovereign debt crisis in the Eurozone. Lets allow the banks to fail folks, we are told it would be disaster, lets see the plan from leaks is for the West to bailout the banks again!! Have a two trillion fund to bring stability to the Euro, o by the way manage a Greek default. Its just more debt folks, or printing money, sooner or later it becomes worthless, aka Weimar Germany. Lets be bold, allow the system to crash and restart, at least you would then have the fund to start all over, otherwise its just debt on debt and the debt again. It will be hard folks, it will make the Great Depression look fun, it was not, but at least all the debt would be cleared, otherwise this crisis will never end, just endless crashes or no growth.
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