Monday, November 3, 2008

New World Order: Brown, Sarkozy Seek ‘New Bretton Woods’

FT reports:

Nicolas Sarkozy and Gordon Brown have struck up an unlikely partnership ahead of next week’s summit in Washington aimed at overhauling the global financial system.

The French president and the UK prime minister want agreement from the leaders of the G20 group of advanced and emerging economies in the US capital for a “new Bretton Woods”, a redesign of the postwar global financial architecture.

Overhauling the global financial system?

With the elites in control of most government power bases, nothing good will come out of such a summit. It should be noted, Sarkozy's half-brother is co-manager of Carlyle Group's banking division.

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