This just hit the Drudge Report:
http://www.bloomberg.com/apps/news?pid=20601087&s…
G8 going to discuss CLOSING the world markets to stabilize. Developing...
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useless, will just prolong the inevitable
This just keep getting more ridiculous. I thought that nationalizing all of the banks was as drastic as it would get. What would be the immediate effects of closing the world markets?
My goodness. Where was the theread about moving towards communism? This is ridiculous.... I seriously hope that this doesn't happen.
Inevitably some 3rd World shithole won't cooperate and will provide an avenue to punish the market while it is closed.
This is a VERY bad idea, so don't be surprised if it comes to fruition. The next step will be a common global currency. You heard it here first.
Berlusconi Reverses Claim Leaders May Close World's Markets
By Steve Scherer
Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi reversed his comments that leaders are discussing closing the world's financial markets while they ``rewrite the rules of international finance.''
I heard it on the radio,'' Berlusconi said about an hour after his initial comments his spokesman confirmed.The hypothesis wasn't put forward by any leader, including myself.''The right hand doesn't know what the left hand is up to.
Like it or not, you have to admit this isn't boring.
It won't happen.
That is an incredibly stupid idea.
Yeah, but it's not like we are having a shortage of stupid ideas. You never know what they're gonna do next.
If Berlusconi came up with this......then God help us all!!!
http://www.reuters.com/article/newsOne/idUSTRE4996IJ20081010
the US actually did this once before, on the cusp of WWI. all public markets were shut for 6 months, and this may have prevented a major crash in the market.
just putting out a contrary viewpoint
Or postponed it till 1929...
wouldnt mind a 3day weekend :(
berlusconi is an idiot shouldnt he be concerned with mafia related issues
Believe me, he has no issues with the mafia...or at least some parts of it.
lol.
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