Brown: World Bank, IMF 'out of date'

[acidhead]

http://edition.cnn.com/2009/BUSINESS/01/31...rown/index.html

DAVOS, Switzerland (CNN)

-- British Prime Minister Gordon Brown

has called on world leaders to set about reforming international financial institutions to prevent a repeat of the circumstances that led to the current financial crisis.

Speaking to CNN's Christiane Amanpour during a session Saturday at the World Economic Forum, Brown said leaders would have failed unless they used the crisis to build a "greener, more digital and more highly skilled economy."

Brown also said the world needed a new Bretton Woods agreement, referring to the 1944 conference that laid the foundations of the post-World War II economic order by creating the World Bank and the International Monetary Fund.

"We've got to be far bolder and far more imaginative," Brown said. "We want to create a global society. But we need to have global institutions that work and the problem is the institutions we built 60 years ago are out of date."

"There is no clear map from past experience for how we deal with it. We are learning about new problems for which we have no historical analogies to fall back on," he said.

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Problem-Reaction-Solution>>> create the problem> watch the Reaction> and offer the Solution = brainwashing(manipulation)

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[stevewinn]

British Prime Minister Gordon Brown

This Man is NO leader. and i wouldn't listen to a word he says. he's a self righteous gobshite.

[acidhead]

This Man is NO leader. and i wouldn't listen to a word he says. he's a self righteous gobshite.

I agree steve, Gordon Brown is a puppet or a stooge of the new world order.

He's calling for a New Global bretton woods agreement.... and suggesting he and others who have been at the helm of this sinking ship should get the responsibility

of creating it.

He's off his rocker.

We have been living, in our respective countries, on debt based economies that failed us.

The solution, by the NWO, is to create a global debt based society.

Sure a more global monetary system sounds reasonable and a step in the right direction

yet, the refusal by these leaders to acknowledge the foreseeable failure and manipulation of such a plan is unacceptable.

Edited January 31, 2009 by acidhead

[Karlis]

~~~ ...

...

... He's calling for a New Global bretton woods agreement....

... The solution, by the NWO, is to create a global debt based society.

I for one agree with you on this aspect, Acidhead. However, since you are starting this thread -- could yo expand on this a little more?

Thanks,

Karlis

[acidhead]

I for one agree with you on this aspect, Acidhead. However, since you are starting this thread -- could yo expand on this a little more?

Thanks,

Karlis

We need to return to sound money. Money that has value. Or an exchange of value.

Today's market dictates the value of our currencies and the market is manipulated by the largest commodity on the planet, petroleum.

The OPEC organization and the Federal Reserve in America manipulate the world economies.

The Federal reserve is the controller and OPEC is the mover.

Both have little or no over sight(regulation) as to how they operate.

The excuse you'll hear sometimes for the lack of transparency from these corporations is: 'by the time we come up with the numbers they(the numbers) are out dated.'

Pure manipulation.

[acidhead]

Also, bailing out the Banksters is a terrible mistake for the average citizen. So is the rescue and stimulus/relief plans.

All this did was stop all runs on the banks--(that's where people rush to the bank and withdraw their entire savings or accounts and the Banks go bankrupt)

The purpose, in the minds of the controllers, of the bailouts was to prevent this from happening while at the same time buying up all the smaller banks and firms to control all their assets.

Runs on the banks, pre- 1913, happened many times in history and crashed those banks yet it was a result of failed practices within those institutions that created the failures.

In essence, what the Banksters accomplished was accumulated more wealth by acquiring debt that can be liquidated later. Even though its worthless debt the debt acquired is still assets.

And the result is hyper and perhaps runaway inflation.

The way it should of been handled, when we look at American monetary history, is all banks should have been allowed to fail.

The runs on the banks should of been allowed to happen.

Then, in order, the assets would be liquidated to the original prices of those assets.

The result is no inflation and a realization of how a conservative and sound monetary policy benefits all.

Its the fair and balanced approach to economics.

[Godsnmbr1]

Yeah but AH, now we all get to see what happens when we do everything we're not supposed to. We should consider it a privilege to serve as a warning to future generations about the excesses of greed and selfishness. Through our sacrifice the world will be a better place!

...right?

Edited January 31, 2009 by Godsnmbr1

[AzTide]

We need to return to sound money. Money that has value. Or an exchange of value.

Today's market dictates the value of our currencies and the market is manipulated by the largest commodity on the planet, petroleum.

The OPEC organization and the Federal Reserve in America manipulate the world economies.

The Federal reserve is the controller and OPEC is the mover.

Both have little or no over sight(regulation) as to how they operate.

The excuse you'll hear sometimes for the lack of transparency from these corporations is: 'by the time we come up with the numbers they(the numbers) are out dated.'

Pure manipulation.

Your right acid but the real problem lies in the fact that the media and I mean even the business and banking media refuse to get on soapboxes and report how big of a farce the economic situation is and how it has been and is being manipulated constantly. And that it's just a house of cards built on nothing.

Till the media attacks it nothing will happen. But the problem is the media is owned and controlled by the people they should be going after so we sound like nut jobs when we speak out with the truth.

[acidhead]

Your right acid but the real problem lies in the fact that the media and I mean even the business and banking media refuse to get on soapboxes and report how big of a farce the economic situation is and how it has been and is being manipulated constantly. And that it's just a house of cards built on nothing.

Till the media attacks it nothing will happen. But the problem is the media is owned and controlled by the people they should be going after so we sound like nut jobs when we speak out with the truth.

Thanks man, you're right too. I'm trying my best to pass on what I've learned to others who really aren't sure how the system works and why it was doomed to fail.

This is why I bash western society and the culprits, the banksters, who control everybody's lives though economics.

It's like a wake up call sort of to speak.

Its not always popular but it makes common sense.

I'm sure glad I read this book by Ron Paul: Case For Gold[available free to read online @ http://www.mises.org/books/caseforgold.pdf ]

The book is a complete history of the American monetary system from the beginning of American economic history. Its a great read.

[stevewinn]

A good few posts Acid your cooking with gas The whole system needs reforming, it's about time the roles where reversed by where big business and banks are subservient to the people and society as a whole. has it stands it is we the people who are subservient to the banks and big business.

I doubt much will change the people who run our society' the money people occupy all the positions of power. and they'll do what ever it takes to stay on top.

The Politicians will publicly state they'll reform our current banking system, rules will be put in place, New deals will be announced helping people get employment and promises will be made, lessons will be learned and this credit crisis will never happen again. but over time the rules and regulations will slowly be eroded and in seventy years we'll all be back to square one.

[AzTide]

A good few posts Acid your cooking with gas The whole system needs reforming, it's about time the roles where reversed by where big business and banks are subservient to the people and society as a whole. has it stands it is we the people who are subservient to the banks and big business.

I doubt much will change the people who run our society' the money people occupy all the positions of power. and they'll do what ever it takes to stay on top.

The Politicians will publicly state they'll reform our current banking system, rules will be put in place, New deals will be announced helping people get employment and promises will be made, lessons will be learned and this credit crisis will never happen again. but over time the rules and regulations will slowly be eroded and in seventy years we'll all be back to square one.

The Banks and Big Business just have an Economic Serfdom if you look at today’s society. And just like in our history the upper classes and rich merchants get to influence how and what the lower classes see, hear, and live.

[acidhead]

A good few posts Acid your cooking with gas The whole system needs reforming, it's about time the roles where reversed by where big business and banks are subservient to the people and society as a whole. has it stands it is we the people who are subservient to the banks and big business.

I doubt much will change the people who run our society' the money people occupy all the positions of power. and they'll do what ever it takes to stay on top.

The Politicians will publicly state they'll reform our current banking system, rules will be put in place, New deals will be announced helping people get employment and promises will be made, lessons will be learned and this credit crisis will never happen again. but over time the rules and regulations will slowly be eroded and in seventy years we'll all be back to square one.

no doubt steve. Instead of calling people sheep I'm beginning to try a different angle or animals.

People are like ducks wading through the water waiting for the next flock to fly by and join.

or, everybody hungry pet will obey when master comes home and says dinner is ready.

I hope ur having a good day