Berlusconi Says Leaders May Close World's Markets

[transdimensional]

[size=10pt]

Berlusconi Says Leaders May Close World's Markets (Update1)

By Steve Scherer

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.

To contact the reporter on this story: Steve Scherer in Rome at scherer@bloomberg.net
Last Updated: October 10, 2008 10:15 EDT

source: Bloomberg

 

[Rich]

Thanks Transdimensional.

posted now here: http://www.sott.net/articles/show/167277-Berlusconi-Says-Leaders-May-Close-World-s-Markets-Update1-

It's not a great leap to see that 'a new bretton woods' could be a single global currency. Regulated by the same bunch of psychopaths who brought you great depressions 1 and 2. They would then (even more than now) be able to decide which businesses succeed and which fail and ultimately which individuals too.

Although we've been discussing it for years it is surprising how rapidly the global economy has fallen this past week. But as Naomi Klien's shock doctrine shows us this is the perfect opportunity to force wide-ranging changes on a 'frightened' general public all pleading for their 'great' leaders to save them.

 

[seek10]

It's not a great leap to see that 'a new bretton woods' could be a single global currency. Regulated by the same bunch of psychopaths who brought you great depressions 1 and 2. They would then (even more than now) be able to decide which businesses succeed and which fail and ultimately which individuals too.

Although we've been discussing it for years it is surprising how rapidly the global economy has fallen this past week. But as Naomi Klien's shock doctrine shows us this is the perfect opportunity to force wide-ranging changes on a 'frightened' general public all pleading for their 'great' leaders to save them.

Despite the speculation of the markets and NWO agenda for years by sott and others , it is utterly shocking to see the way they stole $700 billion credit which can go up to $11.7 trillion. Once they have the blank cheque and it is supervised by a kid who came out of business college 6 yrs back, it is time for allow the markets to drop and buy cheap every thing. with in a week every thing is done. Top 400 wealthiest will hold 90% of US ( from 38% in 2006) wealth and all the remaining will hold 100% US debt. This proves they are ignoring the masses , Even after all that entire population still holds 94% valuable containers components.

Before public comes on to the street , they want to lay the foundation for the transfer even these 94% container components.
make Amero , euro official, Ask remaining banks to merge before swallowed, put the rfid in bodies for bank transactions . Once this is done, every thing is automatic.
After all it is all GAME theory perfected over centuries by psychopaths

 

[Rich]

Despite the speculation of the markets and NWO agenda for years by sott and others , it is utterly shocking to see the way they stole $700 billion credit which can go up to $11.7 trillion. Once they have the blank cheque and it is supervised by a kid who came out of business college 6 yrs back, it is time for allow the markets to drop and buy cheap every thing. with in a week every thing is done. Top 400 wealthiest will hold 90% of US ( from 38% in 2006) wealth and all the remaining will hold 100% US debt. This proves they are ignoring the masses , Even after all that entire population still holds 94% valuable containers components.

Before public comes on to the street , they want to lay the foundation for the transfer even these 94% container components.
make Amero , euro official, Ask remaining banks to merge before swallowed, put the rfid in bodies for bank transactions . Once this is done, every thing is automatic.
After all it is all GAME theory perfected over centuries by psychopaths

Pretty good analysis there seek10

 

[Mountain Crown]

The "s" is now heading straight to the fan.

 

[Windmill knight]

Even after all that entire population still holds 94% valuable containers components.

Hi seek10. Just to clarify, when you talk about "94% valuable containers components", are you referring to that session from the Cs about 94% of the population being used for "body parts"?

 

[seek10]

Even after all that entire population still holds 94% valuable containers components.

Hi seek10. Just to clarify, when you talk about "94% valuable containers components", are you referring to that session from the Cs about 94% of the population being used for "body parts"?

Yes , I am referring to C's 94% comments , other wise why do they give billions to halliburton to build these camps ( some estimates 800 camps with 20000 capacity = 16 million ) capacity before moving the head quarters to saudi arabia ?