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DAR
Lv 7
DAR asked in Politics & GovernmentPolitics · 1 decade ago

World Markets may be shut down for global accord? Peg to gold standard (new Bretten Woods)? What is up?

http://www.bloomberg.com/apps/news?pid=20601087&si...

Is anyone else worried about globalists creating international global accords over our money? Sovereignity issues?

I'd love to be pegged back to gold, but think we should do it on our own.

What do you think? Good? Bad? Wait and see?

Update:

"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.

Update 2:

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.''

Update 3:

What do you think?

Update 4:

a_t4evr - I understand but so what? We've had them before. I'm willing to give up no rights or sovereignity for this one.

Update 5:

Barry, I just worry when they set up global accords because they typically have enforcement mechanisms that ignore our Constitutional requirements.

8 Answers

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  • 1 decade ago
    Favorite Answer

    This was actually in effect up until Nixon's administration (Bretton Woods), when he fully seperated the dollar from gold. I don't think it entails a single currency for every nation. I will have to wait for more updated informtation on it before I come to an accurate opinion.

    http://en.wikipedia.org/wiki/Bretton_Woods_system

    The gold standard is definitely needed, but preferably, as you stated, it should be within our own country. I'm just not sure if this lays out anything that sinister, as of yet.

    It does further prove Ron Paul's point on the economy though. I've noticed A LOT of people saying things like "Well he's wrong on a lot of issues..... but he's right on the economy." lol. The same ones who were calling him a kook months ago.

    *edit*

    Here is a pretty good article criticizing the IMF and the WTO.

    http://findarticles.com/p/articles/mi_m2465/is_6_3...

  • 5 years ago

    It's a no-brainer, now that we have passed peak oil reserves, that we have to find alternatives to using oil and natural gas, and coal does so many other things to the air than emit carbon dioxide that we need to find alternatives for it, too. We have to do that. And as a society we're smart enough to do that without being told a pack of fairy tales by so-called climatologists and politicians. The political left needs to step up for its part of the blame for this mess - the giant, orchestrated fuss over nuclear power left us with no economical alternative to coal, oil and natural gas. The left and right wings need to get over their issues and agree on a way out of this mess that doesn't involve a zero-sum win for either party. How about we launch a crash program to set up clean alternatives to oil, coal and natural gas - nuclear, at this point - and inexpensive retrofits for vehicles to operate as hybrids or plug-in electric vehicles? Nooooo. The Democrats so far have been all about 500 million-dollar grants to electric car companies to make electric cars that will sell (we hope) for about $40,000 each in 2012. (That particular grant was obtained for Fisker Automotive from the Obama administration by Al Gore.) (1, 2) Total cluelessness, in other words. Five hundred million dollars for electric cars that many of us won't be able to afford if Obamacare goes through and our MANDATORY health insurance premiums go as high as the Congressional Budget Office says they will. All the liberals who called George W. Bush a moron and then voted for Barack Obama owe Bush a sincere apology. Their man is a bigger cretin than Bush was before he stopped partying back in the '70s.

  • 1 decade ago

    Ever Hear of the Amero. New World Order. remember when we was young and we all might have said I am not going to take the mark of the BEAST. Well hear it comes. Look in Bush (aka Poison Ivy) Eyes. seethe Hell Fire?

  • 1 decade ago

    Going backwards to the gold standard will not solve the problem. Also, the leaders of the world are talking about banking standards.

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  • Anonymous
    1 decade ago

    I am very concerned and am like a voice lost in the wind, no one in Washington cares what we think about it.

  • 1 decade ago

    People are scared and this includes ceos and businesses and all. Everyone is taking money out because we are definitely going on a WORLDWIDE RECCESSION!!!!

  • Green
    Lv 7
    1 decade ago

    New World Order here we come!

  • 1 decade ago

    That is GW Bush's widest dream come true.

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