The worlds elite businessmen, bankers and corrupted leaders are preparing to implement a long time goal, as European leaders call for an urgent overhaul of the world's financial architecture, and a Global currency.
The Washington Post reports, that leaders in Europe, including French President and current E.U. rotating President, Nicolas Sarkozy, have called for a "globally coordinated regulation of the financial industry", to "re-found the capitalist system".
In 1944, members from 44 allied nations convened at a resort in Bretten Woods, New Hampshire, U.S, and established the World Bank, the International Monetary Fund (IMF) and what we now know as the "Bretten Woods system" of international monetary management. They also formulated the idea of "lowering trade barriers and easing the movement of money across borders." This is also when the United States currency became the "reserve currency" for industrialized nations that signed on.
The U.S. Federal Reserve, a private bank which has the power to print money from nothing, and the central banking system, were also created as a "solution" to an economic crisis.
Sarkozy, who will meet with Bush in Washington on Saturday to lay the groundwork for a conference with the "Group of Eight" industrialized countries, believes the financial system, developed after World War II, needs to be revamped.