Why is the US dragging its feet over currency reform?
White House has preemptively warned that the talks will yield no new policy proposals, nor a date or location for a world leaders summit that the French leader hopes will generate sweeping reforms.
Sarkozy and Canadian Prime Minister Stephen Harper have called for an international summit by the end of 2008 to coordinate an urgent response to the worst financial crisis since the Great Depression.
“The world is confronted by the worst economic and financial crisis since the 1930s. We need to reflect on the stakes, how we arrived here, who is responsible, and what happened,” Sarkozy told a summit of French-speaking nations in Canada late Friday.
Essentials are in place
The three elements – Warren Buffet, Paul Krugman, volatility of gold prices are already in place. The US election is a side show. The ‘military industrial complex’ will decide what the new President will do.
We forget history …
While the US is talking about studying Roosevelt’s New Deal, they are forgetting The Plot To Overthrow FDR. See the History Channel Video.
The 2ndlook model for a Third currency Bloc is ready. Join in to review, participate, critique and develop the First Cut. While the need for a new global reserve currency has been evident, there is very little in the public sphere. The speed of events has clearly caught the BRICS and Third World napping – and unprepared. But, not 2ndlook – who, from the very beginning, proposed that the world should stop clinging to the Dollar-Euro skirts.