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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.'
Originally posted by Teeky
Okay besides the great info giving in this post. Does anyone else sense that the whole Financial Crisis is a complete fraud? And when I say fraud I mean like totally made up like 911 so that the powers that be can excute some other huge plan? Something isn't right. It's like when we were forced to watch Britney or Paris every night to distract us. But Maybe I'm leaning too much to the conspiracy side.
Originally posted by Tytanius
reply to post by Power_Semi
I have to say, that is a very interesting post and something that I was certainly unaware of. Interesting the last note with regards to the value of paper money and the hint of a reversion back to the "gold standard." i.e. invest in bullion.
The 'gold standard' is not merely investing in gold. It refers to our money being 'receipts' for actual gold held in Ft Knox. It used to say on the bills that we could take the paper to a Fed office, and redeem it for actual gold. No more. Now it IS supposedly money. And Ft Knox is full of paper saying they loaned out the gold for a price, payable in paper. IE receipts for that gold. Most of it is supposedly gone. JFK was supposedly murdered because he was set to take us back to that gold backing, and abolish the British owned Federal Reserve.
Originally posted by St Udio
The reason Why the banks are dropping like flies is because
the present regulations were not strictly enforced.