The Worldwide DEBT is the problem.
The best solution for the present economic crisis would be a REBOOT or restart of the entire debt system for the ENTIRE WORLD.
1. A data base listing ALL DEBT, government, business and personal needs to be created. The list would need to list the debt and debt holder with a bank that could make an accounting of the debt. Included would be all national debt of all nations, all mortgages car notes and credit cards for individuals. All outstanding bond and other debt for corporations, The idea is to list ALL DEBT of any kind owed.
2 . Every government on the planet would need to call a special session of it's legislature.
Using the same authority that governments have to use or create FIAT CURRENCY the legislatures and Central Banks need to authorize the creation of ACCOUNT CREDIT in an amount equal to all the listed debts in the world.
3. The Various governments and Central Banking Systems then need to make an accounting change equal to the debt in the form of an ACCOUNT CREDIT or CREDIT zeroing out ALL THE DEBT in the entire world, and crediting all debt-holders in the world.
The following day the economy of the entire world would restart and the Stock Markets of the world would react to the new renewed capital in the banking systems, the Capital now available to restart all business and the disposable income to the individual people would restart and grow the retail sectors and the manufacturing sectors of the entire world.
Allen Charles Report
http://allencharlesreport.blogspot.com/

When things run amuk it's very easy to blame the taxpayers,who everyone says spend to much and save little,well if it wasn't for us the big boys would have no spending money. It's easy to lay blame on the little guy when there is no leadership in our government or in coporate America. The average housewife could probably work up a better budget and have more solutions to our problems than all the yahoo's in DC or Wall St. Now I fear we will be going down the poop shoot so so grab a shovel and hang on it's going to be a bumpy ride.

Sir; ...Both Marian, and Allen Charles have some right idea... If we have to reset the economic system, or an economic system, the sooner the better, rather than letting this thing drag out into starvation, disease and war... Ask what the founding fathers would think??? They gave us something like a working democracy....Our parties soon took the advantage given to property to distort the whole direction of our democracy...Jefferson saw the dangers of deficite spending, and under Jackson that was played out in one of the greatest injustice in our nation's history when he sold Native American lands to pay off the national debt, which was as soon run up again.....The precedent was made clear then and there, of running up public debts for private benefit, and selling public property to private people to pay down the debt...The rights of property were once bought by paying the price of the government; and now property is not supporting a part of the society, and for property rights all our rights are being endangered... Look Mr. Buchanan, at how often we have been dragged into war in defense of captialist ideology, or for Private 'American" Interests...Capital runs this country but cannot govern itself, and will not allow the government to function... Watch how long this society lasts without good money....Watch what happens to the army when the money turns to crap.... For the rich to count on the dollar being held up in value because we have no choice is crazy... One thing only will help to support the dollar, and that it is because it is legal tender for all debts... Debt is not our national and international tragedy, but our salvation... If money becomes worthless for all else we can balance our books, and own our property free and clear on inflated currancy.... The problem is with getting people to take money for goods, and why should they unless they have debts??? Ask yourself, Mr. Buchanan; Why would anyone vote for the situation we have now??? No one would vote for this; and that only shows that we have no democracy, and that the democracy we once had has failed... I think we never had democracy.... I think this is what happens when you allow a form of government that tilts the table toward the rich, that it will play out with the rich owning all, including the government....The contempt of people of colonial times for the democratic rabble is shared by many people today... Unfortunately, without democracy, there is no defense against the wiles of enemies within or without the country.... And trust me on this, Mr. B; if we should take over and establish democracy and a self sufficient economy in this land, that the world will come looking for us, just as they went after the French in their revolution and the Russians in theirs...We owe the world for the junk we bought...They are going to want a piece of us....The first necessity of revolution will be to prepare for war; because those who own us do so with international help, and they will show their flag of tyranny as soon as we raise the flag of liberty....Thanks...Sweeney

Right again, Byuke. You're on a roll.