*** Best Guess on what is happening at the G7 meeting ***

Brenton woods system restored.. imo

"Listen up people, how can we best profit from situation? Who wants to finish my joint?"

--Cliff, Sioux City, Iowa

Bush made a surprise appearance at the G20 where he acknowledged the market disruption originated in U.S. mortgage markets but warned everyone must help to resolve it.

"It doesn't matter if you're a rich country or a poor country, a developed country or a developing country -- we're all in this together. We must work collaboratively," he said.
Source from page 2: http://ca.reuters.com/art...

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The banksters will probably try to rob the countries of there gold to back there
one world fiat currency.....
That they will inflate...

a Gold Standard. And let's not forget that we HAD a gold standard when the Great Depression was around...

The Problem is the Central Bank

In Christ,
Dave

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Strangely enough, there was an article published by the Council on Foreign Relations last year that stated that the governments of the world might be forced to return a gold monetary system.

http://www.1776solution.b...

Waiting to Blow - by Bob Chapman
http://www.rense.com/gene...

xciteful - Dead on!

Note this extract from Bloomberg:

"Group of Seven finance ministers and central bankers are meeting in Washington today, and will stay in town for the International Monetary Fund and World Bank meetings this weekend. European Union leaders may gather in Paris on Oct. 12, three days before a scheduled summit in Brussels, Berlusconi said today, while Group of Eight leaders may hold a meeting on the crisis ``in coming days,'' he said.

"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.''

The Bretton Woods Agreements were adopted to rebuild the international economic system after World War II in a hotel in Bretton Woods, New Hampshire. The aim of the agreements was to establish a monetary management system, initially by pegging currencies to gold. The IMF was set up later to help manage the international financial system.

http://www.bloomberg.com/...

Hey Fredo, let's go fishing.

Ed Rombach

the Bush's were forced to pay the settlement money they have owed and have been stalling. Period. Everything else is disinformation.

In Christ,
Dave

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We are apt to shut our eyes against a painful truth... For my part, I am willing to know the whole truth; to know the worst; and to provide for it. --Patrick Henry

Click here for today's London Interbank Rate (LIBOR)

Posted On: Saturday, October 11, 2008, 7:54:00 PM EST

The Almighty G7

Author: Jim Sinclair

Dear Friends,

According to news reports, the G7 on one weekend of mutual understanding will restructure the entire world monetary system and make the present consequences of more than one quadrillion one thousand one hundred forty-four billion dollars of notional value rotten garbage go away.

A few of the characteristics of the problem that will be solved in two days of deliberation of the G7, but they mistakenly think they are still the Sun of the World around which all other countries orbit quietly and obediently. That alone has to give you some insight into the problem.

Behind the curtain of silence the subprime loan problem, better described as a global meltdown of credit and default derivatives, continues. The reason for this condition is an attempt to value that for which there is no value. It is spreading globally as a product of the limitless manufacturing PRIMARILY (above 75%) by USA financial entities.

Keep in mind that over the counter derivatives created between 1999 and 2007 generally have the following characteristics:

Without regulation.
Without listing on public exchanges.
Without standards.
Therefore not in the least bit transparent.
Therefore without an open market of the bid/ask type.
Dealt in by private treaty negotiations.
Without a clearinghouse
Unfunded without financial guarantee of any kind.
Functioning as contracts of specific performance.
Financial character or ability to perform is totally dependent on the balance sheet of the loser in the arrangement.
Evaluated by computer assumptions made by geek, non market experienced mathematicians who assume religiously that all markets return to their normal relationships regardless of disruptions.
Now in the credit and default category alone considered by accepted authorities as totaling more than USD$20 trillion in notional value.
Notional value becomes real value when the agreement is forced to find a real market for ending the obligation which is how one says sell it.
The US dollar has improved based on the well crafted Urban Myth that Euroland has more problems than the USA. That like all great lies of history becomes true by experts, saying it loud and often. This method of the transition of nonsense into manufacturer truth is known as Spin. It was one of the most important imports from Germany in 1945. Some think this method of spin exceeded the imports of Dr Braun.

The first plan crafted for the dollar recovery was experts assuring everyone that Euroland, as the source of this problem, clearly would have to have more problems than the USA, with a finger clearly pointing at UBS.

Next many interventions took place with fanfare galore. I love the picture of the Congressional personality high fiving on the passage of the bailout bill.

Since then the Secretary of the US treasury has announced investments in bankrupt banks four times, each time as a new intervention cure of problem.

The best of all might be the collapse of FASB this weekend as the overseers of fair accounting making values where there is none.

FASB to release fair value guidance this weekend
Friday October 10 2008

NEW YORK, Oct 10 (Reuters) - The Financial Accounting Standards Board, which sets U.S. accounting rules, is likely to release formal guidance on mark-to-market accounting this weekend, it said at a meeting on Friday.

The board's guidance is intended to formalize clarifications issued by FASB and the U.S. Securities and Exchange Commission last month, which told companies they could rely on internal estimates, rather than fire-sale prices, to value assets trading in illiquid markets.

At a special meeting on Friday to consider the reforms, the FASB directed its staff to rework and clarify certain parts of its proposal, but stuck to the general concepts issued earlier.

FASB members said at the meeting they wanted to make sure companies were not completely disregarding market transactions in illiquid markets, but rather using them as one of many inputs.

More…

THE ABILITY TO GIVE VALUES TO VALUELESS INSTRUMENTS, CLEARLY KNOWN TO THE BANKS TO BE WORTHLESS IS NOT GOING TO MAKE INTER-BANK LENDING RECOVER.

there are several gold and silver kneeepads going around.

Bush smile looks evil and his are definitely untrustworthy!

I don't think any of this happened unexpectedly. I believe it was staged to happen. The current goal is a global bank with a global currency controlled by a global government that will rise to power in the wake of global chaos. The currency will be entirely electronic in nature. It will likely begin as a card, much like a debit card, but far more sophisticated. Eventually, it will lead to a bodily implant with even more menacing technology. The ultimate goal is world dominion. It will be the centerpiece of biblical prophecy which has been scoffed at by many. What we are now witnessing is the construction of that framework.

Conspiracy? Paranoia?

We'll see.

half an hour. LOL Sounds like it was just a formality the decisions were already made.

..to pay for all their wrongdoings.

I may not know the truth, but I know when I'm being lied to...

I think all of you are right

www.baldwin08.com - Chuck Baldwin or New World Order!

on the faces on Bush and Paulson on the front page of cnn.com right now. 9pm cst
This is gonna hurt!

no doubt.

I honestly have no clue, but nothing would shock me at this point.