One news story characterized it as:
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French President Nicolas Sarkozy and European Commission President Jose Manual Barroso are trying to convince Bush that now is a good opportunity...
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Quote:
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Sarkozy, Gordon Brown, and EU honcho José Manuel Barroso are talking up an international summit to discuss an “urgent overhaul of the world’s financial architecture,” that is to say a new Bretton Woods to establish a brand spanking new international economic order. Sarkozy has managed to grab George Bush’s ear and he will travel to Washington on Saturday to lay the groundwork for a conference.
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Just my opinion but; I don't think so.
I thhink Sarkozy and Barroso were here to
inform Bush that the dollar IS DEAD. Worthless paper, and Europe is tired of going down with it. That unless he takes this opportunity to, save face and join in what the Reuter report
here, quoted:
"Europe wants to present a blueprint for a new world wide currency system."
that Europe will circle the wagons, join with OPEC in a move to switch to the Euro as the defacto currency for oil payments, and OPEC, and Europe, China, India, Brazil, will just go on wihout us.
Either way, IN SPITE of the fact the networks seem to be staying away from this on droves, I'm thinking the Dow will probably close around 6,000 tomorrow; at least 1,000 of that will be the PPT buying it up as far as they can. And with that the G8 and 3/4 will meet Friday latest. Whatever happens will be over next weekend, and the press will be there, baited breath, to learn what the plan is for
"saving us all". I could just puke.