I'm only reading the headlines in my newsticker these days, but that is already sufficient:

Financial Crises Spread in Europe - Stock market rout resumes - Bush talks to European allies about markets - IMF seeks co-ordinated global action on crisis - Iceland Seeks Emergency Loan From Russia - Europe Seeks Unified Policy on Bank Crisis - Royal Bank of Scotland shares plunge 39% - Stocks recoup some losses after markets hit by panic selling - Little recovery in ‘schizophrenic’ market - Markets Plunge Despite Hint of Rate Cut - Global Fears of a Recession Grow - Wall St slides despite Fed liquidity plan

It's the talk on the radio and on the corridor. The new Einsteins around here have their own explanations, one suspects a relation between the solar activity and the stock market, somebody else a correlation between songs on the radio and global financial disasters. It's a fun time to work at an institute that has its money invested in stocks.

Since everybody has their own explanation, and nobody including our so called leaders any clue what's going on, I've declared this Save The Global Economy Day, and welcome you to offer your own explanation and solution to the financial crisis.

Here is my solution. Forget what they've told you about economy, that's all way too complicated. In fact, the reason for the whole problem is that it's gotten too complicated for anybody to understand. What is our economical system good for? It distributes money and resources to free capital and connect traders in a virtuous circle of progress. Ideally. In this game, money is nothing but a promise. The problem with the present crisis is that too many promises have been made that can't be kept. The task is now to punish those who have done so in the right way, or everybody will lose faith in the worth of money,which would be a disaster.

What's going on on the stock market now is the attempt of the system to deal with the situation itself, but it doesn't work. So governments are rushing to help, but don't know what to do.

Now keep in mind that only a negligible amount of the money traded is actually used for consume. The vast amount of it is a pushing back and forth of promises, people trying to be smart, people panicking, people losing faith, people trying to save what they think is left. There are records of all these trades.

So here is what to do: Take the attempt to fix the ill-distribution of money out of the hands of those who have caused the problem. Reset the distribution to an earlier state. Decide who to punish and how by re-distributing the financial resources. Problem is, one can only do that on a global level... So better imagine there's no countries, even if that's hard to do.

Your turn!