Filed under: Civil Liberties, Crime, Economy, European Union, Family, FreeBritain, Health, Laws & Regulations, News, Police State, Politics, Privacy | Tags: Credit, Debt, Derivatives, Economy, Finance, Gordon Brown, Illuminati, Infowars, New World Order, Stock Market
Source: Infowars
(Extract)
Steve Watson
Infowars.net
October 13, 2008
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British Prime Minister Gordon Brown has called for a new Bretton Woods system, saying that the financial crisis should be used to make world leaders agree to fresh rules and regulations under a long planned new global financial order.
“Sometimes it takes a crisis for people to agree that what is obvious and should have been done years ago, can no longer be postponed,” Brown told an audience earlier today.
Speaking at Thomson Reuters’ editorial headquarters, Brown called for “a new financial architecture for the global age”, stating that the Bretton Woods system devised after the second world war was out of touch with the new world order.
Brown said: “This crisis demonstrates beyond doubt that a global capital market requires much stronger global cooperation and supervision. And we need to ensure that we have an effective global early warning system to alert us across continents to economic and financial risk.”
Read the rest at Infowars
Filed under: Economy, European Union, Family, FreeBritain, Laws & Regulations, Politics | Tags: Communism, Economy, EU, EU Commission, Euro, Fiat Currency, Finance, Market Oracle, News
Source: Market Oracle
(Extract)
Like its metallic counterpart, the euro currency has the tendency to make other currencies it comes into contact with more like itself – radioactive. The inevitable result is the death of (natural) national currency systems.
The Nature of the Euro-Beast.
The euro’s architects have recognized that the worldwide dollar-reserve system cannot be sustained. The reason: The US Fed’s dual – and conflicting – mandate of price-stability and full employment. The Fed was sold to Congress via the ‘hook’ that it would allow Congress to both control inflation and maximize employment if only Congress would agree to set up this version of a central bank in the US.
As we all know, there are very few politicians who can and will resist such a temptation.
Since that proposition has predictably turned into a slow-moving disaster, the euro architects figured out that they will have to give up some of the power bestowed upon them by centralized control of interest. They did this by limiting the ECB’s function to maintaining “price stability”, i.e., limiting credit-inflation.
In so doing, they curtailed the ECB’s ability to goose the markets on demand in order paper-over occasional and inevitable economic downturns. At the same time, they took the controls off the price of gold by (a) trying to maintain roughly fifteen percent of the system’s forex reserves in the form of gold, and (b) by revaluing its gold reserves quarterly at market prices. Continue reading
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