Note: Berlusconi has since recanted this statement. Saying he was just repeating something he heard on the radio.
This is found at:
http://www.chrismartenson.com/blog/b...s-markets/7013
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 really interesting part is here where he hints that a second aim is to revisit the Bretton Woods agreement.
Translation: The US dollar's role as the world's reserve currency is up for debate.
Quote:
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.''
This is found at:
http://www.chrismartenson.com/blog/b...s-markets/7013
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 really interesting part is here where he hints that a second aim is to revisit the Bretton Woods agreement.
Translation: The US dollar's role as the world's reserve currency is up for debate.
Quote:
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.''
In trading, there is no bullshit. You either make money or you don't.