Bretton Woods

Global Debt Crisis: Can a Collective Currency Devaluation Do the Trick?

Wael Nawara | Posted 11.02.2011

Read More: Global Meltdown, Global Financial Crisis, Global Debt Crisis, Federal-Budget-Decifit, Global Economic Crisis, Bretton Woods, Collective Currency Devaluation, World News

Some brave economists have made it clear that we need a new International Monetary System, a "New Bretton Woods" sort of agreement in order to solve things in the long term. But still, what do we do with the existing debt crisis?

Read Post

Fears Of Downward Spiral Renewed By Declining U.S. Dollar

Posted 07.04.2011

Read More: Dollar Decline, Middle East, Housing Value, Recession Dollar, Bretton Woods, US Debt, Oil Prices, US Dollar, Treasury Bonds, Business News

(Mike Dolan) - Years of angst about a self-feeding downward spiral of the U.S. dollar and Treasury bond prices were swept aside when the credit cr...

Read Whole Story

Simon Johnson: Could Goldman Sachs Fail?

baselinescenario.com | Posted 06.14.2011

Read More: Lloyd Blankfein, Goldman Sachs, Goldman Sachs Too Big to Fail, Simon Johnson, Big Banks, Bretton Woods, Business News

If Goldman Sachs were to hit a hypothetical financial rock, would they be allowed to fail -- to go bankrupt as did Lehman -- or would they and their c...

Read Whole Story

Gordon Brown: Global Economy Still Not at a New Normal, Still Evolving, Shocks Ahead

Steve Clemons | Posted 06.10.2011

Read More: Gordon Brown, Al Gore, Europe, Robert Skidelsky, Bretton Woods, Global Economy, Economic Policy, John Maynard Keynes, John Kerry, Economic Shocks, Institute for New Economic Thinking, World News

Brown demonstrates something that we have seen before in the likes of John Kerry and Al Gore. Each was too cautious, too pruned and too stiff when running to secure the highest office in their respective lands.

Read Post

New Economic Thinking Conference To Shatter Illusion of Control

Steve Clemons | Posted 06.07.2011

As INET Executive Director Rob Johnson said, "last year's conference punctured the mystique of market stability (not to mention real events). This year, the conference will shatter the illusion of control."

Read Post

Brazil's Dilma in Crossfire of US-China Currency War

Eric Ehrmann | Posted 05.25.2011

Read More: Germany, Economics, Wal-Mart, Lula, Dominique Strauss Kahn, Imf, China, Brazil, Mario Vargas Llosa, Barack Obama, France, Nobel Prize, The Economist, Marjorie Scardino, Dilma Rousseff, Trilateral Commission, Russia, Rupert Murdoch, Guido Mantega, Hillary Clinton, Planalto Palace, World Economic Forum, Itamaraty, Bretton Woods, Ben Bernanke, Alexandre Tombini, University of Illinois, World News

Brazil has joined China, France and Germany in the call for a coordinated global effort to replace the foundering dollar as the major world reserve currency.

Read Post

Can't Wait for Fall Foliage? You Don't Have to.

Tiffany Hawk | Posted 05.25.2011

Read More: Travel, Crystal Cruises, Woodstock Inn, Montreal, Fall Travel Destinations, Bretton Woods, The Mandarin Oriental, Vermont, Visit New York City, Killington, Travel News

Here are the five most interesting trip options I came across while making leaf-peeping plans.

Read Post

Response to David Stockman's 'Four Defamations of the Apocalypse'

Warren Mosler | Posted 05.25.2011

Read More: Bretton Woods, Unemployment, Trade Deficit, Payroll Tax Holiday, Ronald Reagan, David Stockton, Public Debt, Supply-Side Economics, Treasury, Federal Reserve, Tax Hikes, Bush Tax Cuts, Greece, Gold Standard, Politics News

David Stockman, a director of the Office of Management and Budget under President Ronald Reagan, is working on a book about the financial crisis and r...

Read Post

Dancing With Davos: The World Bank and the IMF

Eric Ehrmann | Posted 05.25.2011

The good guys are the free marketeers who reform, redesign and rebuild civilization at the World Economic Forum.

Read Post

Are Fixed Exchange Rates Coming Back?

Ian Fletcher | Posted 05.25.2011

Read More: Currency Manipulation, Ian Fletcher, Bretton Woods, Exchange Rates, Trade Deficit, China, Fixed Exchange Rates, Business News

Fixed exchange rates are quite likely America's best bet to avoid being victimized by exchange-rate manipulation on the part of other nations.

Read Post

Microsoft's Actions Show America's True Colors in China

Ann Pettifor | Posted 05.25.2011

Read More: Google, Trade Surplus, China, China Trade Surplus, Microsoft, Currency Manipulation, Chris Smith, Treasury Bills, China Currency, Bretton Woods, US Deficit, World News

American consumers and corporations like Microsoft have helped create China's massive surplus by investing in China, or by spending their incomes buying Chinese and other Asian goods.

Read Post

US Treasury's Gold Valued: US Gold Reserves Total $288 Billion, According To Market PRICE

Washington Post / Big Money | Martha C. White | Posted 05.25.2011

Read More: Taxes, Milken Institute, Fort Knox, US Gold Reserves, Gold Reserves, Spot Gold, Liquidity, Cato Institute, Treasury, Bretton Woods, Gold, Gold Prices, Home News

Buried in the Treasury's International Reserve Position report is an intriguing bit of math. The document details the total amount, by weight, of the ...

Read Whole Story

George Soros: New Bretton Woods Needed To Reinvent The Global Financial System

Project Syndicate | George Soros | Posted 05.25.2011

Read More: George Soros, Bush Administration, Economy, International Monetary Fund, Bretton Woods, United Nations, United Nations Security Council, Obama Administration, China, Business News

NEW YORK -- Twenty years after the fall of the Berlin Wall and the collapse of communism, the world is facing another stark choice between two fundame...

Read Whole Story

The Academic Man's Burden

Jaime Pozuelo-Monfort | Posted 05.25.2011

Read More: Poverty, Africa, Jeffrey Sachs, Business School, Marshall Plan, Bill Easterly, Economics, Economy, Subsaharan Africa, Bretton Woods, Paul Collier, United Nations, League of Nations, Academia, Politics News

Academics are laggards, eternal followers that lack the ability to innovate and continue to inhabit a world of quantitative models oftentimes not descriptive of today's reality.

Read Post

A Possible Bretton Woods III

Forbes | Nouriel Roubini | Posted 05.25.2011

Read More: Breton Woods, Bretton Woods II, Bretton Woods, Business News

Although we are not (yet) witnessing a U.S. dollar crisis, the Bretton Woods II system is still at the center of the debates on the origins of this cr...

Read Whole Story

G-20: Welcome to the Multi-Polar World

Mark Weisbrot | Posted 05.25.2011

Read More: Obama G-20, Global Economy, Latin America, Central America, IMF Funding, Bretton Woods, World Bank, Imf, G-20, Global Economic Crisis, G-20 Summit, Africa, IMF Bailout, G-20 Europe, Neoliberalism, Economic Failure, Globaliation, Politics News

The run-up to the G-20 meeting has been interesting and colorful. President Lula Da Silva of Brazil declared that "this crisis was caused by the irrat...

Read Post

Lament for G20 Failure to Help People Worst Hit by Crisis

Kumi Naidoo | Posted 05.25.2011

Read More: Gordon Brown, France, Bretton Woods, Poverty, Sarkozy, Gcap, Economy, g20, Financial Crisis, Kumi Naidoo, China, Bush, Politics News

The G20 has failed to consider the plight of the people who have been least responsible for this global financial crisis but who are suffering the most, men women and children in developing countries.

Read Post

Friday Talking Points [55] -- "Bretton Woods II"? Not Quite.

Chris Weigant | Posted 05.25.2011

Read More: Loan, Russ Feingold, Mormon, Proposition 8, Economy, World Bank, New Years, Redistribution of Wealth, Imf, Iraq, Obama, Plan B, President-Elect, Sarah Palin, Putin, Bush, Lieberman, Automakers, Paulson, Rnc, Economic Summit, Senator, Sarkozy, Bailout, Sofa, Bretton Woods II, Midotw, New Hampshire, Tax Cuts, Most Disappointing Democrat of the Week, Taxpayer Money, Treasury, Most Impressive Democrat of the Week, Status of Forces, Mount Washington Hotel, Reid, Detroit, Taxes, Palin Clothes, Oath, Bretton Woods, Socialism, Speakeasy, Feingold, 2008 Election, Barack Obama, Constitution, Mddotw, Chris Weigant, Rahm Emanuel, Palin, Georgia, Harry Reid, President-Elect Obama, Secretary, Politics News

I have to begin here today by stomping all over a cutesy term the media has come up with for the upcoming economic "summit" George W. Bush is holding ...

Read Post

Bretton Woods II

Vince Farrell | Posted 05.25.2011

Read More: Financial Crisis, Bretton Woods, Finance, Bretton Woods II, Economy, Oregon, Business News

A crisis in the U.S. is a worldwide crisis. Only the dollar has a large enough global presence and a measure of trust to be used as the "reserve" currency for the world.

Read Post

The Great Recession

Larry Abrams | Posted 05.25.2011

We need an economic system of checks and balances where the public sector competes with the private sector and keeps it honest, and vice versa.

Read Post

Greed and Growth: New Priorities for a Stable Future

Jessica Catto | Posted 05.25.2011

Read More: World Economy, Socialism Accusations, Mccain, Bretton Woods, Obama, Nicholas Sarkozy, Capitalism, Presidential Election, Socialists, Green News

What we need is a new attitude toward world wealth and what constitutes it. Not an easy task. The world is intermeshed as never before.

Read Post