Friday, September 23, 2011

World facing ‘balance-sheet’ recession - Keiser — RT

World facing ‘balance-sheet’ recession - Keiser — RT:
”There needs to be a global concerted effort to balance everyone’s books and to recalibrate the global currency markets at one time as it did after World War II with Bretton Woods,” he said. “There needs to be a new Bretton Woods-style global conference to write-off all the bad debt that will never be paid, to recalibrate currencies and to restart the global economy.”

“There is no political will for that, however, because the bankers would lose and the bankers control the agenda of the politicians,” Keiser concluded...