The US is indeed interested in 'solving' the crisis but it will only do so on its own accord, with others following its pre-fabricated solutions while it will not allow any discussions on the real underlining regarding the crisis itself.

During one such meeting in October this year, President G. W. Bush met with French President Nicolas Sarkozy to discuss on modalities to arrest the financial collapse of major financial and banking institutions in the West. The meeting ended without a solution being found while France's President – a net supporter and imitator of Bush – was given a virtual slap by his idol. His views were not considered by Bush who treated him exactly the way the US president had treated Tony Blair on several issues in international arenas: That is with disdain.

Bush said on Friday this week that 'billions of people' are counting on the US and the G20 nations – which are in an emergency meeting this Saturday – to find solutions to the financial crisis that has gripped the world since the middle of this year.

The world leaders are to meet at this extraordinary emergency economic summit in the hope they can find the right solutions to avoid future financial meltdowns like the one now threatening the global economy.

Once thing is certain, as mentioned above, Bush is at the meeting thinking that it is all because of him and that he is wanted there in order for the rest of the world to 'follow' his leadership in this crisis. He has no other thoughts since he does not even know how to put an end to the crisis that his regime started with the global war on terrorism, which ended up today to be a war that has weakened the US, the west and the capitalist system. The war launched by Bush with the now infamous words 'bring them on' and 'the crusade has began' has contributed largely in the collapse of capitalism today as it has spread fear in the business circle and has limited the scope of investment in and outside the US.

While the two dozen foreign leaders were to meet behind closed doors to adopt an 'action plan' for more openness in financial markets, it is also clear the US will put the blame on others and will not accept any blame for its negative role in the crisis.

While the emerging plan would boost oversight of fragile financial markets, it fell short of the sweeping set of tough new regulations some Europeans want.

The summit, meant to be the first in a series, has a two-pronged agenda: reviving the ailing global economy, which has pushed up unemployment and shrunk people's savings, and exploring options for overhauling the global financial system to prevent similar financial crises in the future.

A follow-up summit is envisioned for the spring, after Barack Obama becomes president, the AP wrote.

As leaders descended on Washington Friday, Bush warned for a second day of the dangers — in his view — of too much government intervention. Strict new regulation of financial firms or products, such as some European leaders have advocated, would crush the global economy instead of protect it, he said added an article by the AP on the summit.

It is thus obvious that the US capitalism system is not willing to accept more intervention in the market place in a bid to bring a halt to the current loopholes in the system. The US is in denial, that is certain but the European's are in much greater danger, they are unable to impose any of their views and their cautions and attempts at strengthening the authorities role in the capitalism system proves they are facing defeat.

With the Bush government pushing the debate away from who is responsible for the chaos and how it all started, the European's are now left with the hope that they can edge further in getting more 'controls' and 'limitations' to be imposed on banks, financial institutions and the stock market itself where the most damages is being done by the crisis.

From the pure financial crisis, the western world is now facing a crisis of confidence putting the political leaders in a situation where they have to scramble to force the Bush administration to adopt some of their 'cautionary' measures, which as said earlier is bound to be rejected outright.

The US is at the centre of the crisis as it has flooded the world markets with 'printed' money that were not backed by gold. Most of the countries on earth are able or allowed to print money – that is paper money – based on their gold reserves. In the event a third world nation or a developing nation does not have enough gold reserves, it will be impossible for that country to order the printed money that could help it boost its local market place.

The US operates differently since it does not want to peg its US Dollar with its existing gold reserves, which is currently lower than expected. The US government does not hold enough gold reserves in its Central Bank to back its currency but it is printing more US dollars in an attempt to 'repay' its debt and help local banks recover from the crash.

It must be remembered that the crisis started in the US last year as mortgage investments took a beating and caused a collapse of the housing market. This has since then spread to other sectors of the US economy and has snowballed in other countries. Today the US is feeling the crunch in 'credit card' debts, in the car industry sector and most dangerously in the 'loans' and 'overdrafts' facilities given by bankers to businesses.

The UK is the first to feel the crunch in these sectors as it is now being forced to take steps to protect the 'small businesses' which it says is the lifeblood of the British economy.

The current crash has much to do with a lifestyle of borrowing and a fake commitment at repayment. This has been the motto of the Bush regime since 911 with ballooning budget deficits, a larger war budget and the pillaging of local funds to steer them from the path of the public into that of the corporate owners. Hence the bailout plan that takes care of the 'bosses' rather than the small people in the big USA. 

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