With the “Greatest Depression” playing out on Bush’s watch , the G-2o finance ministers met in Washington and have given themselves until April 30 , 2009 to Overhaul the Worlds Financial System. The next G-20 Summit will probably be held then in London. The World has , in effect , Elected a new Body to Oversee the International Capitalist Economy.
One meeting did not solve the world’s problems but the leaders of the G-20 countries resolved to “take whatever further actions are necessary” to stabilize the financial system. They pledged to strengthen both the regulation of financial markets and the protection of investors.
It was agreed that the World Bank and the International Monetary Fund [IMF] need to be revitalised and refinanced to meet the challenges of the New World Order.
A new global currency will one day be developed.