The Commonwealth

As the wealth became more common (the risk becoming more diffused than consolidated), the role of the crown to manage the risk became more uncommon. The commonwealth emerged with the function of government authority limited to keeping the wealth commonly private in the hands of The Sovereign (The People).

Today we look to government agency to manage the risk. The Financial Stability Board (FSB), for example.

While the FSB is a trans-national organization, it specifically describes itself as providing governance.

The result of the 2009 G-20 summit, the FSB is to provide international risk management of capital markets along with the IMF, World Bank, and WTO.

Since the risk is globally extensive, and with fewer firms remaining to broker international finance after the Great Recession (making them too big to fail), the need to consolidate the management of the risk into a form of authoritative governance (collusion) is critical for maintaining the distribution of the reward in a crisis proportion.

It should be clear that all the measures being taken to address the tendency to economic crisis are not to prevent it, but to tolerate it. The goal is risk tolerance and a stable means of discovering the future value of the risk in order to price the options that derive its current value, arbitraged from the volatility of probable crisis derived from commanding the timing. In other words--to rig the market; and in a free market economy, rigging the market is not only opprobrious, it is criminal.

Rigging the market is offensive to the commonwealth of nations and its sovereign people. Standing its offenders before commissions of inquiry and subjecting them to the standards of a risk-tolerant authority does not deter the criminal element, but cultivates it.

Prosecute the criminals, deconsolidate their criminal means and we will secure the stability we all want without sacrificing the freedom we all deserve. What The Sovereign wants is well at hand with the commonwealth of nations well established and conserved.