Financial Summit Planned
Bush & EU Chiefs To Meet
Weekend in Washington
See an AFP 1 Minute News Video Report
IF You Doubt 666 Is Nearly Here
See/Hear To Believe It
Watch the video clip for the key phrase by news commentator near the end
of the video clip: "Europe wants to present a blueprint for new worldwide
currency system " AFP Video Link
Leaders To Meet Bush
Plan For World
EU LEADERS will meet US president George Bush tomorrow near Washington to
finalise plans to hold a summit of world leaders to reform the global
president Nicolas Sarkozy and European Commission president Josť Manuel
Barroso want to win US backing for the plan, which the French leader said
would launch a "refoundation of capitalism".
will travel on to Beijing next week to hold talks with Chinese premier Wen
Jiabao on the financial crisis, which investors fear is threatening to turn
into a global recession as banks cut back on their lending.
had the emerging market crisis, we had the internet bubble, now we have
this massive crisis," said Mr Sarkozy, who together with British prime
minister Gordon Brown wants a "Bretton Woods II" summit - named
after the 1944 meeting in the US that established much of the current
financial regulatory framework such as the International Monetary Fund.
G8, which is composed of the US, UK, France, Italy, Germany, Canada, Japan
and Russia, have all agreed to attend the summit.
G8 statement said co-ordinated reforms had to be made to the
"regulatory and institutional regimes for the world's financial
sectors to remedy deficiencies exposed by the current crisis.
international summit is most likely to be held next month or in December
and Mr Sarkozy suggested that the president-elect in the US could be
invited to attend.
Brussels, Mr Brown unveiled a package of reforms that included setting up
"colleges of national supervisors" to regulate financial
institutions operating in different countries and continents; reform of the
IMF and World Bank; and an early warning system. More Details - LINK
Bush To Meet EU Leaders
Saturday At Camp David
EU, US Call For Global Summit
To Reshape Global Economy
From Weekly Standard
"Second, Brown and Sarkozy, along with their EU partners, believe that
now is the time to put the former hegemon in its place. America, they
believe, is paralyzed by the lame-duck status of its president. It will,
they reason, be forced to go along with any European proposals for what is
variously called a "new financial architecture" and a "new
world order". The joy on the faces of EU leaders as they gather for their
several conferences can be seen in news photos. Never mind that the banking
systems of their countries are on the verge of collapse, or that they are
headed for a recession deeper and longer than the one the United States
will suffer. Now is their chance to do things that the Americans might not
like, but can't stop."
HERE for full article.
G-8 Nations Plan Summit
On Restructuring World Finances
EU United On Financial Reforms
EU Prez Sarkozy To Meet Bush
Preparatory for World Conference in November
Union leaders headed home from a summit that saw unity on fixing the global
financial system but schisms when it came to an ambitious climate pact and
repairing ties with Russia.
days before he flies to the United States for talks with President George
W. Bush, French leader Nicolas Sarkozy, whose country holds the rotating EU
presidency, was handed an EU mandate to press for a complete overhaul.
do not have the right to miss this opportunity for reconstructing our
system of finance in the 21st century," Sarkozy said. "We have a
mandate now to discuss this with the President of the United States."
27-nation EU, as a bloc the world's largest economy, endorsed a
multi-billion-dollar initiative by the 15 members using the euro to rescue
banks brought to their knees by the financial crisis.
they went further, pressing for a root-and-branch reform of global finance
they say is essential to drawing a line under the unregulated excesses of
the past to prevent another crisis.
wants to get Bush on board ahead of a wider international summit including
industrialised and emerging giants like India and China that he hopes will
take place in November. More details, LINK
Sarkozy Calls For Revamp
Of Capitalist Systems
The Market Oracle
Central Banks Fail To Solve Crisis
New Currency Coming?
the way things are going, with every bigger bailouts (that European $2
trillion move Monday was amazing) it would seem they are going to bankrupt
their own government finances along with their collapsing economic sectors.
They will stop at nothing to avoid what they fear, a total economic
collapse. And after that, comes the currency collapses? With the way they
are handling this, that appears to be in the cards.
this time, the USD is not really able to back the world's currencies. Some
new form will be invented. The trouble is, what currency is able to step
into that gap? None that I can see.
So, will this relentless bailout mentality lead us all ultimately to a new
world currency? A single new world currency, or one that the major
economies subscribe to?
may sound preposterous but I don't think it's quite that unlikely.
really concerns me
really concerns me is another Great Depression. And, we are actually
closely following the script of that time. First, economic and financial
crashes. Then big public bailouts. Then economic activity collapses. Then
we have a grinding depression
Christopher Laird of - www.prudentsquirrel.com
Wants NWO Currency
are advocating the idea of a single, global currency. LINK HERE.