Reform talks pop up at IMF/World Bank meetings

Reform talks pop up at IMF/World Bank meetings

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RTAmerica — April 23, 2010
Finance ministers from around the world have descended on
Washington, D.C. for the annual World Bank/IMF spring meetings.
The annul gathering opened with the 20 finance ministers from the
worlds leading economies. Top on their agenda were two new bank
taxes, climate change and possible reforms to the institutions voting
system. The mandate for reform by the end of 2010 recently came
from the BRIC summit where BRIC leaders called on the G20 to
initiative fundamental changes to the entire global financial structure.

And who says the NWO is giving up. They may just be
getting a new face as a power shift pulls away from
the US Dollar into foreign currency.

Your thoughts please ???

reply to post by boondock-saint


What currency would you rather have your long term holdings in?

Originally posted by GreenBicMan
What currency would you rather have your long term holdings in?

lol that was the point of the piece.
If they tell, it would be insider trading
who knows, it may even be a whole new one.

reply to post by boondock-saint


I don't see that happening as there is over I believe 4 Trillion dollars or so exchanging hands each day in FX markets which would literally demolish many investing classes.

IMO best bets are looking like USD and GBP. This is all opinion of course. I also don't think the IMF yields that sort of power. I won't hold my breath at least lets say.

re-form corruption in "baby steps" so no one can point the finger.

Just another fiat currency to impoverish the serfs....

Originally posted by GreenBicMan
reply to post by boondock-saint

 

I don't see that happening as there is over I believe 4 Trillion dollars or so exchanging hands each day in FX markets which would literally demolish many investing classes.

What if a fixed exchange rate was established for all world currencies as a temporary measure until all currencies can be exchanged for it? This way, the changeover could be gradual and wouldn't traumatize the markets.

reply to post by warpcrafter


Too many problems with that scenario.

What would happen to commodities?

Originally posted by warpcrafter
What if a fixed exchange rate was established for all world currencies as a
temporary measure until all currencies can be exchanged for it? This way, the
changeover could be gradual and wouldn't traumatize the markets.

a very good idea right there
a transition with stableness
now, would it work ???
and can they make it work???

Another thing to note is transparency.
People have lost faith in banks in general
and the only way to regain that trust
is through transparency.
If they do not add transparency to
the agenda, then all the people have
to look forward to is trading 1 devil
for another.

Originally posted by GreenBicMan
What would happen to commodities?

a temporary freeze perhaps
or a holding account.

reply to post by boondock-saint


Think about it.

Not likely. The world changes every microsecond in the marketplace. That has about a .0001% chance of happening, but you can never rule anything out.

reply to post by GreenBicMan


or maybe even a new system set up to
transfer everything automatically at a
predetermined time in the future.
While markets are closed.

reply to post by boondock-saint


The main problem I have with that theory is the whole world would have to stop. What would happen if in that timeframe anyone needed to make any sort of transaction? It couldn't happen if you think about it. It just doesn't make sense to me personally.

We won't see the US Dollar not be the reserve currency most likely in our lifetimes. And IMO lifetimes after that. Most of this is based on misconceptions and in general people that aren't that informed. It will be very hard to ween the whole world off dollars.

Just about 5 months ago all I could read was everyone was only excepting Euro's now etc. I had to laugh. Look now.. what a great idea, huh?

Anyway..

reply to post by GreenBicMan


do u think it's just hype to
progress certain market shares???

reply to post by boondock-saint


No.

It's just more BS on the internet that you run by everyday. One week it's this thing and the next it's that. etc..

Most of this all boils down to misinformation and the tendency for things (especially on this website) to snowball out of control because of a general lack of knowledge on the subject + lies/half truths.