Berlusconi: "Leaders May Close World's Markets"
Berlusconi Says Leaders May Close World's Markets
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.''
The Dow Jones Industrial Average fell as much 8.1 percent in early trading and pared most of those losses after Berlusconi's remarks. The Dow was down 0.5 percent to 8540.52 at 10:10 in New York.
Group of Seven finance ministers and central bankers are meeting in Washington today, and will stay in town for the International Monetary Fund and World Bank meetings this weekend. European Union leaders may gather in Paris on Oct. 12, three days before a scheduled summit in Brussels, Berlusconi said today, while Group of Eight leaders may hold a meeting on the crisis ``in coming days,'' he said.
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.
Zionists Sarkozy, Berlusconi, Bush, Merkel, Gordon, etc. are making more and more noises about the need for a New World Order, now that the Zionists have just about succeeded in destroying the Old World Order.
You can expect the outline of the NWO Gameplan to be announced by Monday, October 13, after make-it-look-good 'crisis' weekend meetings of the Zionist Cabal (IMF, World Bank, G8, etc.)
You can also expect all hell to break loose before the end of the year! For a 'Sneak Preview' of the fireworks about to come to your neighborhood,
SEE!:
http://novalight.org OR
http://sol-godsend.blogspot.com
Be prepared for Shock & Awe!
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"We hold these truths to be self-evident"
Now that they've pretty well looted the system dry, it's time to make some new rules so us little people won't get too uppity and revolt.
- in order to design a new Bretton Woods Agreement is a bit over the top especially as the only tangible issue in this crisis is the sub prime mortgage scandal for which the US and its financial sector are clearly responsible.
Let us take the entire financial community to the International Criminal Court in order to find the perpetrators and let us declare to "bring justice to them" as president Bush couragely did after 9/11! Let us declare war on financial terror, and let us not automatically assume that it has a Muslim flavour!
The magnitude of the scam is of course so vast that it will take years to get to the bottom of it, (assuming that there is a will), so why not obtain clear and statistically significant indicators of the financial ills by tracing each and every transaction performed by the three Islandic banks, which are small in an international context, but which by all likelihood have gone under for exactly the same reasons as those bigger players which are bailed out because "they are too big to fail".
Let this be a kind of financial biopsy, let the three banks stop all their ordinary banking activities for independent, international experts to analyse each and every transaction. Give the Islanders a moratorium to fulfil their debt obligations, let them withdraw amounts from their post offices to cover their cost of living, let friends of Iceland provide full depositor guarantees in favour of all the bona fide depositors and prepare for criminal prosecution of wrong doing bankers, whether they are domiciled in Reykjavik, London or New York. (In stark contrast with the British government's despicable use of terror legislation (it probably realizes that there are no real terrorists on whom to use it) Iceland has friends and concrete initiatives have been taken by its friendly neighbours in Norway and Russia).
This exercise will not take long and by all likelihood, it will provide us with a clear picture of the international financial ills. After that we can discuss the cure and hand down the verdicts on the perpetrators. Not before. If we go ahead with "solutions" without knowing the nature or extent of the ills we will know that this is all a reverse Robin Hood scheme to take from the poor in order to give to the rich!