 14 Feb 2010 @ 12:57, by Unknown
The 2010 Great Global Recession Reconciliation Statement
Well it would seem in light and retrospect that the collapse of the global economy reveals perhaps a simple accumulation of an accounting error or errors known as a reconciliation statement. It reveals thus a discrepancy between the world banks books and the businesses and consumers books of perhaps some $2 Trillion or more dollars accumulated and compounded over some 70 or 80 years since the great depression. Normally in such a situation negotiations are held to address such and as is the general case an "adjustment" is made to the books. In light of such then considering the large current discrepancy and the case that the world has never really had a global economic policy on such, the prudent thing to do would be to take a $ 1 Trillion dollar "write down" on the 2000 or so Global Banks books and issue a $ 1 Trillion dollar "credit" to the some 1 million global businesses books and 6 Billion global consumers. In contrast I don't see any other simple global and amiable solution or how putting this "accounting error or discrepancy" and or debt of $ 2 Trillion dollars on the backs of the future will serve any constructive purpose and considering the amount of financial transactions in a day over the last 75 years such an error and or errors are bound to occur and creep in. So perhaps the "2010 Great Global Recession Reconciliation Statement" could be proposed and implemented unless anyone else has a better idea or ideas. My bill is in the mail perhaps.
Alfred G. Jonas
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