Leaders May Close World's Markets /Global Money System plan

[dixiegrrrrl]

Source: Bloomberg

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.''



Read more: Leaders May Close World's Markets (Update1)

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Global money system?????

[Tandalayo_Scheisskopf]

1. Well...

That's kinda rad.

[roguevalley]

13. snort. so is your post, t_s. :-D

[XemaSab]

2. And do you have to get a tattoo to be able to buy and sell with this new money?

:scared:

[sam sarrha]

4. no... silly, you'll get an I.D. Chip in the back of your hand, purchase..pass hand under scanner,

[sam sarrha]

5. weed will become the second currency...

[bloomington-lib]

9. Then money really would grow on trees.

[Dark]

16. No alcohol would.

It doesn't expire. In fact, it gets better with age.

[sam sarrha]

21. process is bulky.. i distilled 98.5% Alcohol with a Fractional unit from Muscatel which is ~12%.. o

the Gallow Wino Wine was dirt cheap.. we had a brisk business in the late 60's. we cut it down to keep people from killing themselves, only sold canning jar pints, traded a lot of it for weed, as we didnt drink alcohol. we were hippie science nerds..

[nebenaube]

22. some how I doubt you got it over 95%.... n/t

[melody]

3. Wow, what a surprise, a global money system

Who would have thought of that?

BTW, didn't Berlusconi back away from the markets closure later?

[Amonester]

6. I'll take the bets on this so called New World ord... global money...

Like in "TWO CLASSES"

On the upper class: The Have's and the Have-more's (like Bersolini)

On the trash class: The Have-nothing's (99.999999 percent of the rest of the world "at the service of the other class")

Bet here.

[sarcasmo]

23. New World Order, they are close to completion.

[drm604]

7. You forgot to post a link to the article.

Here you go: http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5mpMUORBWM

[nilram]

8. oh man, and the two best paragraphs ...

FASCINATING --

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.

[Turbineguy]

10. "....Berlusconi sowed confusion..."

"Earlier, Italian President Silvio Berlusconi sowed confusion by saying governments may close financial markets, only to reverse himself an hour later."

http://www.bloomberg.com/apps/news?pid=20601103&sid=aBne1Ib8DnL4&refer=news

[The2ndWheel]

11. Global economy, global corporations, regional governments

One of them doesn't belong in that particular equation.

[flamingdem]

12. I believe Berlusconi took back that statement

... after all they do not want bank runs.

[OKthatsIT]

14. I believe we'll lose our Court system and Constitution

If we sign on.

[sarcasmo]

24. Constitution is certain, the court system makes to much money, it will not go away.

[Peace Patriot]

15. Well, it's interesting how "globalization" wasn't going over so well, then they crash it

so they can rewrite the rules.

South America has pretty much kicked the World Bank/IMF out of the region (WB/IMF portfolio went from 80% to 5% in South America), and are in the process of a major rebellion against first world-dominated "free trade" and a number of other heist operations. Most third world countries that have been IMF-ed ended up in ruins, and have been trying to crawl out of the rubble, or have been in organized, well-thought out, "landing on their feet" type of rebellion. Venezuela, for instance, is sitting pretty today, with a well-protected financial system, and solid friends and allies throughout the south, whom they have helped recover from 'first world' rape and plunder. Africa is also in rebellion. The "Global South" has joined hands to obstruct the World Trade Organization--a movement that began with the 50,000-strong protests in Seattle, and climaxed with Brazil's and 20 other countries' walking out of the WTO meeting in Cancun. There is a 10-million strong international campesino movement which is fighting "gobalization" all over the world--in South Korea, India and other Asian countries, throughout Latin America, and also in Africa--because of the devastation that corporate-dominated global "free trade" has caused to small farmers (often organic farmers, and the best food producers) and local produce markets.

Individual incidents are very telling--for instance, an Ecuador court is about to inflict a $20 billion environmental and health damages ruling against Chevron-Texaco, for a toxic oil spill in the Ecuador rainforest that was twice the Exxon-Valdez and is called "the Rainforest Chernoybl." Really, really, REALLY poor people have hung in there for more than a decade, in a lawsuit that began in the U.S., got bumped to Ecuador--where Chevron-Texaco figured they could buy their way out cheap, then...boom! ...Ecuador elected a GOOD government, that of leftist economist Rafael Correa (of the 80% approval rating!). This victory for the rainforest, and the really, really, REALLY poor--the indigenous tribes of the rainforest--was followed by the passage of a new Constitution in Ecuador, with 70% of the vote, which grants legal standing to Mother Nature herself and her right to exist and to function properly, quie apart from impacts on humans. A first in the world.

Time for the fattest of the fatcats to make some new rules, and inflict a whole lot of pain on the uppity masses, to regain global corporate predator control of Everything.

Give Mother Nature legal standing, will they? Time to rip up the rules and write news ones, in which there are NO outs--no loopholes, no remedies, no courts, no constitutions, no functioning democracies, no recourse, no power, no rights, no laws, no rules, no health care, no protections, no beauty, no indigenous fisheries to feed them, and no hope--for the poor, or poor Mother Earth.

Am I being "tinfoil hat," or is this what is happening? A deliberate crash, induced to regain control.

[sarcasmo]

19. A deliberate crash, induced to regain control, is spot on not tinfoil, IMHO.

[Trajan]

17. The 'One Worlders' will have coniption fits ...

Yet another nod to apocalyptic theology ...

Hey: Let's name the new denomination:

I am voting 'Globo'

Or 'Worldar' ?

[sarcasmo]

18. Can you say, New World Order. Bush 41 must be happy about this news.

[muriel_volestrangler]

20. Berlusconi Roils Stocks With News He Says He Heard on the Radio

In a quick reversal mirroring the financial markets' volatility, Italy's prime minister said world leaders were thinking about shutting down financial markets and then retracted the statement less than an hour later.

``The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said yesterday 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,'' he added, just after U.S. trading had begun in New York at 9:30 a.m. in New York.

Less than an hour later, Berlusconi, 72, corrected himself: ``The hypothesis wasn't put forward by any leader, including myself,'' he said. His explanation for the earlier statement: ``I heard it on the radio.''

Berlusconi's comments followed other gaffes he's committed during his political career.

``He can do these things in Italy, but he can't get away with it when he is dealing with something worldwide,'' said James Walston, professor of politics at Rome's American University. ``He is a world leader, but he's out of his depth.''

http://www.bloomberg.com/apps/news?pid=20601085&sid=atCuvgoaM70Q&refer=europe

Yeah, well, he's a crook, and he's 72. He says stupid things all the time. Remind you of any other 72 year olds who are out of their depth and shouldn't be left in charge of a major economy?

[Poseidan]

25. .....

Under no set of circumstances will the United States surrender sovereignty.

[w4rma]

26. Silvio Berlusconi got back into power? That guy is a corrupt fascist. (nt)