PDA

View Full Version : Calls For New Global Financial Order Increase




Volitzer
10-16-2008, 12:05 PM
Calls For New Global Financial Order Increase



EU and US to hold summit on “Bretton Woods II” as Morgan’s Mack calls for new global body

Steve Watson
Infowars.net
Thursday, Oct 16, 2008

Calls for a new financial world order have increased with EU leaders poised to meet US officials this weekend to demand a “Bretton Woods II” reform of global institutions.

EU leaders have agreed to back British Prime Minister Gordon Brown’s call to use the financial crisis as an opportunity to swiftly overhaul and radically enhance the regulatory power of global institutions.

The Prime Minister wants dozens of world leaders to meet for a major one-off summit where they would rewrite the rules of international finance encompassing “very large and very radical changes”.

The original Bretton Woods agreement in 1944, spurred by the depression of the 1930s and the second world war, created the International Monetary Fund, the World Bank and laid down common standards for markets around the world. Now with the current financial crisis EU leaders see another opportunity to enhance global regulations on sovereign economies.

Angela Merkel, the German Chancellor, backed Brown’s call, saying it was time to “rethink the world’s financial system and prevent any repetition” of the current crisis.

French President Nicholas Sarkozy made his own call for a “new Bretton Woods” earlier this month, arguing that the time has come to replace the “Anglo-Saxon” model of “unrestrained markets”.

Officials in Brussels indicated last night that a “Bretton Woods II” summit could take place in New York as early as next month, reports the Financial Times.

In addition, Morgan Stanley Chief Executive John Mack has also called for a new global body to oversee the financial crisis, warning that it is like nothing he’s ever seen before.

The calls echo those of elite figures such as CFR member Jeffrey Garten and Timothy Geithner, president of the Federal Reserve Bank of New York, who have both recently called for a “new global monetary authority”, a de-facto global financial dictatorship, operating across borders and forcing nations and corporations to register and adhere to strict monitoring and regulations.

http://www.prisonplanet.com/calls-for-new-global-financial-order-increase.html

Athan
10-16-2008, 12:38 PM
I guess we just need to keep our money, whatever form, out of the banks on a permenant basis.

cheapseats
10-17-2008, 11:08 AM
It is not difficult to imagine that EVERYONE would benefit from some international coordination of regulation...yes, regulation...explicitly forbidding and punishing crimes that undermine market stability. The Usual Suspects...insider trading, price collusion, price fixing, conspiracies in restraint of trade. I am inclined to think that an X-period moratorium on short selling, as a test of the ramifications of abolishing it, should be done now while we are ALREADY in turmoil.

But I sense that the world is being rushed to reorganization as surely as Congress was rushed to rescue, by the same Players who feature in the market chaos.

On the one hand, the world will want to pay attention to the REALITY that these guys NEVER do ANYTHING but what it disproportionately advantages them. The Powers That Be, some of whom belong in federal penitentiaries, are looking to ram through anything and everything they can before their front-men leave office.

Conversely, if the situation is THAT dire that everyone MUST chip in to stabilize the global economy pursuant to America's Excellent Adventuring, then it seems obvious that America negotiates from a position of weakness so long as we allow Culpable Parties and Special Interests to continue to represent us.

Athan
10-17-2008, 11:58 AM
Anyway, I'm not keeping my money and whatever form it is in the bank anymore. This is bullshit.
The politicians and government officials are fucking destroying our country.