Submitted by YOUR NEW REALITY

The strangest, and sometimes most shocking, world-impacting events seem to have a tendency to occur on the 11th of a month.

So what will happen today?

Finance ministers and central bankers from Italy, Canada, the United States, Germany, France, Japan, along with reps from China, Russia, India and Brazil, plus the World Bank and the IMF, descend on Washington for what may become known as The Great American Bailout :

The United States finds itself in a rare position of weakness, facing many allies that have been highly critical of its economic policy and regulatory system blamed for the problems.

Tension is expected at the meeting given recent comments by countries affected by the crisis.

German officials in particular have been openly critical in the past weeks, saying the United States and Britain had delayed for years efforts to regulate financial markets that were out of
control.

The key quote on what to expect comes from German Finance Minister, Peer Steinbrueck :

“The USA will lose its superpower status in the global financial system. The world financial system is becoming multi-polar…”

German media is already blasting the same message that has railed from Iran and Russia - the United States power and prestige in the world has been undermined, destroyed, ravaged, and it won’t be telling the rest of the world how to run its financial affairs anymore.

They are coming to town to rewrite the rules of international finance. They are not coming to hear Bush’s plans, they are going to tell him how it’s now going to be.

All these countries hold American debt, and have invested heavily in American infrastructure and businesses. They want to know that their assets inside the United States will be protected. They will want guarantees.

And if the Greater Depression really is to soon begin in the United States, BushCo. will be asking for help, that is commitments for food and energy aid and debt relief.

China is supposedly refusing to buy another $200 billion of US treasury bonds. These bonds were going to finance the $700 Billion Bush Bailout plan. China is cutting off its credit to the US. Without credit, without Asian credit in particular, the American economy dies.

The US stock market has already crashed today, or as one blithering economic expert on TV said, “crash, slide, call it whatever you want, it doesn’t matter anymore…there’s nowhere to hide.”

Bush pre-empted what will be one of the biggest demands from all those countries attending on Friday morning :

…we are concerned that some investors could take advantage of the crisis to illegally manipulate the stock market. So the Securities and Exchange Commission has launched rigorous enforcement actions to detect fraud and manipulation in the market. The SEC is focused on preventing abusive practices, such as putting out false information to drive down particular stocks for personal gain. Anyone caught engaging in illegal financial activities will be prosecuted.

More Americans will soon be demanding public hangings.

And it’s not just the American public that wants blood. The rest of the world wants those responsible to be held account for what they’ve done. Bush has promised to do this. It might be the only positive thing to come out of his last year in the White House, a pogrom on the misery traders within hedge funds in the US, Israel, England, and a great rounding up of the financial terrorists. And not the fall guys, and the paper stackers, but the real vampires in this blood-sucking, they must be stripped of their ill-gotten gains. All of them.

We’ll see what else October 11, 2008, deals up. It’s set to be an historic day.

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