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Title: Berlusconi Says Leaders May Close World's Markets
Source:
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URL Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5mpMUORBWM
Published: Oct 10, 2008
Author: Bloomberg news
Post Date: 2008-10-10 12:22:37 by Jethro Tull
Keywords: None
Views: 153
Comments: 6
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.
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#1. To: Jethro Tull (#0)
Just read that on line. It does not look good for Monday.
Oil seems to be leading the way down
The World Orderist Traitors in AmeriKa just had a simultaneous jizplosion.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams
Everyone I know has food, cash and guns enough to outlast the global reorganization. It's time. It's about time....
Going lighter on cash every day because when the fall is complete you might as well burn it for heat as it will be worthless to anyone that hasn't submitted to the beast. Yes, about time.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams
First inventory the reserves?
#2. To: Jethro Tull (#0)
#3. To: Jethro Tull (#0)
#4. To: Cynicom, Rotara, all (#3)
#5. To: Jethro Tull (#4)
Everyone I know has food, cash and guns enough to outlast the global reorganization. It's time. It's about time....
#6. To: Jethro Tull (#0)
The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold.
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