View Full Version : Berlusconi Says Leaders May Close World's Markets
thomaspaine23
10-10-2008, 09:01 AM
Oct. 10 (Bloomberg) -- 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.''
``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ``can't just be for one country, or even just for Europe, but global.''
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.''
Bye bye dollar as reserve currency?????
http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5mpMUORBWM&refer=home
Johnnybags
10-10-2008, 09:03 AM
and defeat these idiots.
thomaspaine23
10-10-2008, 09:05 AM
http://www.cnbc.com//id/27114651
“I don't wish to spread alarm on the line people but the big issue confronting the market is I'm afraid the health and sustainability of Morgan Stanley and Goldman Sachs," Hugh Hendry, Partner and CIO at Eclectica, told CNBC. "It is unimaginable that they can be allowed to go, I suspect that they will nationalized at some point today or over the weekend," he add.
voytechs
10-10-2008, 09:11 AM
New World Order. We must closer to a real collapse than I expected.
Sarge
10-10-2008, 09:35 AM
Yes they must protect MS and GS as that is where the fat cats have their money.
They will want us to protect and pay for their greed and fill in the blank _.
Bodhi
10-10-2008, 09:37 AM
This is more than scary!
Financial armageddon has come. We've passed the tipping point IMO.
paulitics
10-10-2008, 10:03 AM
they are going for broke now. Rush Limbaugh is such an evil bastard, he just read that headline on air to his braindead public, and nonchalantly said, "I know whats happening the markets are collapsing because Barack Obama is leading in the polls".
No mention of how, a new worldwide sytem that will be enforced against the values and sovereignty of this country, leading to a one world financial order, and worldwide fascism/socialism. I am flabbergasted at how quickly this nightmare is unfolding.
moostraks
10-10-2008, 10:13 AM
they are going for broke now. Rush Limbaugh is such an evil bastard, he just read that headline on air to his braindead public, and nonchalantly said, "I know whats happening the markets are collapsing because Barack Obama is leading in the polls".
No mention of how, a new worldwide sytem that will be enforced against the values and sovereignty of this country, leading to a one world financial order, and worldwide fascism/socialism. I am flabbergasted at how quickly this nightmare is unfolding.
Haha...didn't someone say Hannity said this crap two days ago? I guess he is behind in the CFR handbook and needs to catch his audience up to speed with the rest of the neo-cons. Would be funny if someone would call in and ask him if he often uses Sean's show for material...LOL!!!! It's open line Friday...
. Rush Limbaugh is such an evil bastard, he just read that headline on air to his braindead public, and nonchalantly said, "I know whats happening the markets are collapsing because Barack Obama is leading in the polls".
.
Did he really say that????? Wow! What a fucking asshole.
I havent heard a single talking head identify our debt based-counterfeit based monetary system and the FED as the TRUE culprit. Senator Santorum is actually blaming borrowers!!!!
Mahkato
10-10-2008, 10:14 AM
Looks like the people are about to become the proletariat.
Trance Dance Master
10-10-2008, 11:19 AM
What would Bretton Woods 3 look like?
TruthAtLast
10-10-2008, 11:43 AM
It is scary when what we've been saying all this time comes to fruition. Yes, it means that we aren't all fringe conspiracy nutjobs.... but it also means ... oh crap... we were right!
paulitics
10-10-2008, 11:51 AM
It is scary when what we've been saying all this time comes to fruition. Yes, it means that we aren't all fringe conspiracy nutjobs.... but it also means ... oh crap... we were right!
I'd rather be a fringe wacko nutjob and be wrong. Those were the good ol days.
Sarge
10-10-2008, 12:19 PM
Looks like the G7 meeting is really going well. HA not,
http://www.bloomberg.com/apps/news?pid=20601068&sid=a9SScNHMF2io&refer=home
acptulsa
10-10-2008, 12:30 PM
Looks like the G7 meeting is really going well. HA not,
http://www.bloomberg.com/apps/news?pid=20601068&sid=a9SScNHMF2io&refer=home
Our real hope is that the pigs can't agree on how to split the pie. We had better hone our message, perfect our alternatives and get vocal right now, because if we give them enough time to split that pie we're completely screwed.
rancher89
10-10-2008, 12:33 PM
http://www.businessweek.com/ap/financialnews/D93NP9FG0.htm
The Russian government will start buying stocks next week, spending billions to help prop up stricken markets, Prime Minister Vladimir Putin said Friday as parliament approved measures designed to get cash moving quickly into the troubled banking sector.
Russia's stock markets remained closed after heavy selloffs.
Putin said the government will invest 175 billion rubles ($6.7 billion) in the stock markets this year and has set aside at least the same amount for next year, after repeated requests from lawmakers and analysts to the Kremlin to invest part of its reserve funds in domestic stocks rather than foreign securities.
rancher89
10-10-2008, 12:34 PM
http://ap.google.com/article/ALeqM5ioHc80xKMiATnqCpK0cDKJzk_nPQD93NNTEG0
"Right now the market is just panicked," said David Wyss, chief economist at Standard & Poor's in New York. "Nobody wants to take on any risk. Everybody just wants to get their money and put it under the mattress."
A stream of selling forced exchanges in Austria, Russia and Indonesia to suspend trading, and the rout in Australian markets caused traders to call it "Black Friday."
The Good Doctor
10-10-2008, 12:35 PM
This is full on corporatism! If the US does this......... this will be terrible.
http://www.businessweek.com/ap/financialnews/D93NP9FG0.htm
The Russian government will start buying stocks next week, spending billions to help prop up stricken markets, Prime Minister Vladimir Putin said Friday as parliament approved measures designed to get cash moving quickly into the troubled banking sector.
Russia's stock markets remained closed after heavy selloffs.
Putin said the government will invest 175 billion rubles ($6.7 billion) in the stock markets this year and has set aside at least the same amount for next year, after repeated requests from lawmakers and analysts to the Kremlin to invest part of its reserve funds in domestic stocks rather than foreign securities.
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