Group of 7 finance ministers are going to meet and discuss the current global financial crisis. It is not known, if they have any action plan for tomorrow’s meeting. However, they don’t have any control over the crisis and are not going to be successfull. They have to invite emerging countries finance ministers from India, China and South Korea. Gorup of seven will be group of loosers at the end of this financial crisis and there is no other alternative to taking pain now and cruising towards success later. No amount of LipStick to old and tired lips is going to make look good anymore.

The best option available now is to let the dollar value tumble and house prices crash. Liberalize immigration policy to let foreigners come and settle in United States and let them buy homes here. This will help stabilize the markets and United States will get needed foreign currency through which it can buy imports.
Biggest looser will be Opec and China as they are the biggest holders of Dollars. Terrorism will also loose its steam as there will be no funding for it to survive from OPEC.

America needn’t struggle to save jobs at investment banks as these banks shouldn’t have been there in the first place. America should strengthen its manufacturing base and start exporting it to Asia, Europe and Africa as these products will be affordable there because of crashed dollar.
Americans will be happy at the end.