G20 Ministers Gather in Paris to Address World...

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During the Middle Ages the Church and State were the two supreme powers. Today it is the Banks and the State. Why the change? Let's face it. Money is so much more tangible and this-worldly than faith.

Most people just don't have the patience anymore to wait for their reward in the afterlife. They want it now and their battle-cry has become, "We want it all and we want it now."

The politicians and bankers have their own unique rallying cry which is somewhat reminiscent of pigs at the trough and sounds something like, "Gimme, gimme, gimme."

Readers who pay close attention will note I'm not very fond of fiat money or the governments that print it. Nor are academic economists among my favorite people.

Notes

October 15, 2011

G20 Ministers Gather in Paris to Address World Economy

Lisa Bryant | Paris October 14, 2011

Finance ministers and central bankers from the Group of 20 leading economies are in Paris Friday and Saturday to find ways to strengthen the world’s ailing economy and staunch Europe’s financial crisis.

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Filed under economy politics news economic news G20 euro eurozone crisis Europe's financial crisis banks central banks central bankers finance ministers world economy perfect storm