While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” Republican (fascist /socialist) President George W. Bush hosts the Summit (of Losers) on Financial Markets and the World Economy in the District of Columbia.  At the end of the one-day session the “Declaration on Financial Markets and the World Economy,” is released blaming the “Root Causes of the Current Crisis” on “inconsistent and insufficiently coordinated macroeconomic policies [and] inadequate structural reforms [not enough regulation].”  the declaration sets the goal of “strengthening accountability, enhancing regulation, and stimulating consumer demand.”  But at the same time the Declaration contradicts itself saying, “We recognize that these reforms will only be successful if grounded in a commitment to free-market principles, including the rule of law, respect for private property, open trade and investment, competitive markets, and efficient, effectively regulated financial systems.”

       Questions:

  • Why was the “Summit of Losers” only open to world leaders who had no clue the Great Recession was about the happen, and those who sounded the warning were excluded?
  • With unemployment rising, and the world facing debt that has risen to unprecedented levels, what makes the Summit of Losers think people will want to go further into debt?
  • Is This is further evidence that those at the top, who are making all of the decisions for the rest of us, have no clue as what they are doing, or of the damage they are doing to others?

       [added 8/8/2021] Thanks to Freedom’s Phoenix for this entry.

       Five New Hanover County, north carolina statute enforcement officers acting under color-of-law shoot (with an electric stun gun) Gladwyn Taft Russ III, at the funeral of his father, as Russ his helping to load his father’s casket into a hearse.  Russ had promised to turn himself in after the funeral.

       [restored 8/8/2021] Thanks to Freedom’s Phoenix for this entry.

Subsequent Events:

11/19/2008                   11/23/2008                   11/24/2008                  1/26/2009

References:

Cops Taser pallbearer at dad’s funeral – US news – Crime & courts | NBC News
www.nbcnews.com/id/27822770/ns/us_news-crime_and_courts/t/undercover-officers-use-taser-pallbearer/

http://www.mofa.go.jp/policy/economy/g20_summit/2008/declaration.pdf
www.mofa.go.jp/policy/economy/g20_summit/2008/declaration.pdf

Bush to host Summit of Losers
www.freedomsphoenix.com/Find-Freedom.htm/?At=039927&From=News

Global financial crisis in October 2008 – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Global_financial_crisis_iin_October_2008

Timeline of the United states housing bubble – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Timeline_of_the_United_States_housing_bubble

Subprime crisis impact timeline – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Subprime_crisis_impact_timeline

“Uncle Sam’s Flag of 37 Stars,” by Tom Caldwell and Jim Lorenz
ccc-2point0.com/uncle-sams-flag-of-37-stars/

Current U.s. National Debt:

$36,167,124,467,492

Source