Global Economic Panic

[pennypinch]

We are all pretty stressed out right now with the current economy troubles going on. This is not only happening in the United States but is happening all over the world. This isn't the first time something like this has happened either.

A similar situation occured in 1907 and that was when the United States finally realized that we needed a strong central banker. A system that could gather resources, organize bankers and bring society together to battle the problems head on.

A group was formed called the G20 group. It represents the world's largest economies. They are scheduled to meet on November 15 to design new global regulations to forestall future financial crises. Lots of things have already been regulated throughout the years so it is anyone's wonder what there is left to be regulated. We will have to wait and see what turns out after the meeting.