Bretton Woods II is a major upcoming meeting of G7 and many other nations. The meeting may shake-up the world’s financial architecture.
Central Bank rules will be examined, chartered houses will be restrained. Transparency will increase. Tax havens, libertine corporate globalism and pirate lending may be curtailed. There’s an excellent background here, Bretton Woods II: New Lifeline for Ailing Giants, by John Vandaele.
Debt and balance of payment requirements may put the United States in a challenging position. Nothing in the jingoist ideology of the Republican campaign acknowledges or deals with these problems.
We need change. Combining inflation, unemployment and plunging asset prices… the misery index is now at record highs:
