A Bird’s Eye View: I’d laugh but it’s too sad

They also entrusted their Ministers of Finance to take immediate (until the end of March - Wow that is fast!) and medium-term (meaning never if March is immediate) actions to solve the crisis. They also discovered the root causes of the crisis, which is a good thing since if you know the reasons and you don't repeat them, then you will never have a crisis again.

Let us see some of the reasons as we quote from the G-20 Declaration: "... market participants sought higher yields without an adequate appreciation of the risks and failed to exercise proper due diligence." Is this a polite way of describing human greed or maybe it refers to human stupidity?

Other reasons: "... weak underwriting standards, unsound risk management practices, increasingly complex and opaque financial products and consequent excessive leverage combined to create vulnerabilities in the system." OK, so now that you know don't repeat them.

One of the tasks entrusted to the G-20 Finance Ministers was for them to formulate additional recommendations in "mitigating against pro-cyclicality in regulatory policy." Presumably and hopefully, they know what that means and they will not spend hours discussing what it means. We birds cannot make any sense out of it, perhaps because we lack an economic background.

Anyhow it is not our intention here to bore you with further analysis of the Declaration. We do see some merit in the immediate actions that are anticipated to be taken. We hope that they will be effective. But for the moment, world markets continue to drop and global recession threatens humanity. At least world leaders decided at last to work together in order to achieve needed reforms in the world's financial system.

We birds really enjoy your sense of humor when it comes to the global financial crisis. We recently read an article in a newspaper on the crisis, how bad it was, only to find at the bottom of the page an advertisement for yachts!

Let us go now to Syria where interesting developments are taking place. We quote from a news report published in the International Herald Tribune on Nov. 12: "The chief United Nations nuclear inspector said Tuesday his agency was taking allegations of a secret Syrian atomic program seriously and urged Damascus to cooperate fully with his investigation. Mohamed El Baradei, head of the International Atomic Energy Agency, spoke a day after diplomats said IAEA samples taken from a site in Syria bombed by Israel on suspicion that it was a covert nuclear reactor, contained traces of uranium combined with other elements - a finding that merits further information", he said."

What we have here is that a country possessing nuclear weapons bombs and another country that may be trying to acquire some. The latter is now in the process of being questioned? What about the other country that bombed Syria and who possesses nuclear weapons? Nobody will question it on why it bombed another country or why it possesses nuclear weapons? You humans have a perverted sense of justice. Ponder our thoughts dear humans for your benefit.