November 7, 2007 (LPAC)--"Chairman Kim Yong-duk of the Korea Financial Supervisory Commission yesterday called on the world's central banks and financial regulators to take measures to tackle the ongoing global credit crisis.", according to the Korea Herald. "Kim said at an international conference held by the Bank for International Settlements in Sydney, Australia, that governments and central banks should make joint efforts to prevent an abrupt bust of asset bubbles.

"Kim cautioned that a sudden drop in asset prices could severely hurt the global economy." His only solution was that "Financial market watchdogs should ... participate in the anticrisis campaign of the Executives' Meeting of East Asia-Pacific Central Banks, a regional cooperative organization of central banks and monetary authorities."

That organization, if it had any idea how to deal with the financial crash and salvage the world's economies beyond, reorganizing seating assignments on the Titantic, has not made such plans known. Chairman Kim is not talking about the only workable plan, Lyndon H. LaRouche's New Bretton Woods monetary reform.