Today Australia, tomorrow the World

As we all begin to feel the “benefits” of the federal government’s interference in the market I see the rest of the world wants to join in:

“Leaders pledged to undertake effective and comprehensive reform of the international monetary and financial systems,” the 40-member Asia Europe Meeting (ASEM) said.

“They agreed to take quickly appropriate initiatives in this respect, in consultation with all stakeholders and the relevant international financial institutions.”

China’s Premier Wen Jiabao called for more regulation of the world’s financial system, saying after the summit: “We need to draw lessons from this crisis.

“We need financial innovation to serve the economy better. However, we need even more financial regulation to ensure financial safety……

I have a very bad feeling about this, I remember how the Chinese have previously ensured safety:

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