Global Solution Thread

[fabijo]

The New American
http://www.thenewamerican.com/economy/commentary-mainmenu-43/437

October 20, 2008
Global Financial Regulatory Body on the Way?

With the European Union leading the way, the internationalists are preparing to exploit the recent global financial turmoil to hold a "second Bretton Woods" and radically restructure the world's entire international financial system. The first Bretton Woods international conference in 1944, lest we forget, ended up saddling the world with the International Monetary Fund, the World Bank (known formally as the International Bank for Reconstruction and Development), and the General Agreement on Tariffs and Trade (GATT).

 

[fabijo]

From Bloomberg.com

October 10, 2008
Berlusconi Says Leaders May Close World's Markets
http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5mpMUORBWM

Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ``rewrite the rules of international finance.''

....

Berlusconi didn't give any details about what kind of rules leaders were looking to change, except to say that leaders are ``talking about a new Bretton Woods.''

The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold. The IMF was set up later to help manage the international financial system.

 

[fabijo]

This is a thread to discuss and share what we are finding out from the world leaders as to what "coordinated" efforts they will be taking to stabilize the world's economies.