OldPro: Good points. Even if nothing is agreed, Bretton Woods II could conceivably restore a lustre to gold that it lost after 1971.
As Bretton Woods (I) Agreement (1944) established gold qua USD* as the basis of exchange in postwar international trade, it's been theorized that continual reference to "Bretton Woods II" (BWII) by European leaders (not to mention Chinese demands for dethroned USD) telegraphs that gold is set to reprise its 1944 status, albeit in a lesser role. Bretton Woods I also established the World Bank and International Monetary Fund.
For NWO watchers, the coming BWII is nothing less than a mad dash to one world government underpinned by a single global currency. In my view, that outcome is extremely unlikely. There are too many opposing interests not to mention ineradicable chauvinisms. Nightmarish complications pursuant to disparate national interests, protective tarriffs and unbalanced trading regimes are bound to surface at such meetings. China's regulated yuan doesn't trade on the free market. Even the EU can't agree on a Constitution and there is deep resentment within that union between have and have-not members not to mention inflamed anti-immigration passions and cheap labor concerns. I'd expect this Sarkozy brainstorm not only to eventually fall on its face but also to roil anti-establishment rage now seething beneath the surface worldwide.
*Bretton Woods I agreement set the USD, freely convertible into gold, as world trading currency for petroleum products, grains, metals and many other internationally traded commodities.
These are my opinions and sentiments only. Take them for what they're worth. Do your DD. Buying stocks is risky!
"If we could sell our experiences for what they cost us, we'd all be millionaires." -Abigail van Buren (a/k/a Dear Abby)
