Jacob Steelman writes:
Mr. Brown wants the Middle East oil producers and China to assist in contributing to the bailouts taking place in the United States and Europe. In calling for such contributions Mr. Brown is effectively admitting the United States and Europe are broke and have exhausted their government (and central bank) resources in an effort to cure this massive market correction (frequently called a recession, deep recession or even depression) which has been underway since August 2007.
The overall solution:
It is time to adopt a global currency for a global economy – a private asset-based currency rather than a fiat currency which is subject to political whim, manipulation and wild swings in value resulting in massive malinvestments and destruction of savings. It is time to return to gold as the global private currency for our global economy. Eliminate fiat currency, eliminate fractional reserve banking, eliminate central banks and their government sponsored banking cartel which has brought about this massive destruction of wealth.