The plot thickens.. this is the third world leader calling for a new Bretton Woods.
LONDON, October 13 (RIA Novosti) – Britain’s Prime Minister Gordon Brown said on Monday world leaders should set up a new Bretton Woods system to tackle the global financial crisis. (more…)
Categories: Wall Street · news
Tagged: bretton woods, Evian, global financial crisis, Gordon Brown, IMF, International Monetary Fund, World Bank, World Policy Conference
Very interesting.. I wonder if anything will come out of this. The Bretton Woods system existed before currency speculation in a time when exchange rates were determined by treaty. We’d do well to eliminate risk and return to this.
I hope its true.
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.
source: Bloomberg
Categories: Wall Street · news
Tagged: bretton woods, currency speculation, Evian, global financial crisis, IMF, International Monetary Fund, Silvio Berlusconi, World Policy Conference
Again, very interesting… I would love to do away with currency speculation.
Head of the IMF, Dominique Strauss-Kahn:
“The world economic situation is very worrying and the IMF is going to publish growth forecasts that are markedly lower than what we have had until now.
“The formula of a new Bretton Woods is a pretty formula. What is sure is that it is necessary to review the functioning of the architecture of the global financial system.”
source: Reuters
Categories: Wall Street · news
Tagged: bretton woods, currency speculation, Evian, global financial crisis, IMF, International Monetary Fund, Strauss-Kahn, World Policy Conference
here is an ex-corporate raider, Sir James Goldsmith, horrified by the GATT treaty.
I started out wanting to take a few teaser quotes out of this interview but ended up making an extensive transcript. It was just too good to stop. Keep in mind that Goldsmith was a corporate raider who has looked into the abyss of GATT and concluded that it will lead to the destruction of society.
Anyhow, enjoy.
Categories: +video · Wall Street · interview
Tagged: Charlie Rose, free market, free trade, GATT, GATT Uruguay, globalization, IMF, Laura D'Andrea Tyson, NAFTA, Sir James Goldsmith, World Bank
