I usually don't put much stock in things of such a radical nature. But the French president is quite alot of support including the full support of his EU colleagues, the canadian prime minister, and he is meeting with the President of the United States of America today. In short, he wants to put an end to capitalism, the speculator (us forex traders), or those that profit in the short term and do not just buy a stock and hold it for 20 years, and currency disorder. Here is a link to an article written my Mr. Sarkozy and his vision for the change that he wants to bring about, his "Bretton Woods."
http://www.abs-cbnnews.com/views-and...icolas-sarkozy
While I don't think the U.S. and Britain will go along with it, given the extent of the damage caused by the credit crisis, anything is possible. They might embrace something they don't fully understand. I'll be keeping an eye on Mr. Sarkozy.
*Update Mr. Sarkozy has his meeting "Bretton Woods" meeting set for November 15th. Check page 5.
http://www.abs-cbnnews.com/views-and...icolas-sarkozy
While I don't think the U.S. and Britain will go along with it, given the extent of the damage caused by the credit crisis, anything is possible. They might embrace something they don't fully understand. I'll be keeping an eye on Mr. Sarkozy.
*Update Mr. Sarkozy has his meeting "Bretton Woods" meeting set for November 15th. Check page 5.