We Need to Rethink Financial System From Scratch, as at Bretton Woods

We Need to Rethink Financial System From Scratch, as at Bretton Woods

On September 26, 2008, French president, Nicolas Sarkozy, said, “we must rethink the financial system from scratch, as at Bretton Woods.”  I must admit lab at the time I did not understand his reference to “Bretton Woods” and if you find yourself also in that same space it maybe good to familiarize yourself with what has been called the Bretton Woods system.

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world’s major industrial states in the mid 20th century. The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent nation-states.

Just over a week ago a surprising (to me) voice entered the the dialogue of rethinking our international financial systems. What was surprising was not that the Pontifical Council for Justice and Peace (Vatican City) had something to say but how I found it to be a very useful/helpful reflection. I encourage you to consider listening to a short explanation of the paper or download the paper on the reform of the international financial and monetary systems in the context of global public authority, released by the Pontifical Council for Justice and Peace.

Pontifical Council for Justice and Peace Economic Reform Note

  • http://www.facebook.com/profile.php?id=100003406506930 JozEliin

    Congratulations Jose9 Mareda. As President of Saint Luke Academy of Chile and President o F.A.M.C.L.A.M., I had the privilege to meet you dniurg the19th World Congress of F.I.A.M.C. held in New York on 1998. Since the first moment, being a young doctor from Barcelona, you impressed us a great defensor of human life, since conception tu natural death. For us, working close to you for so many years was a great honour, and our Federation was really considered. Our work in the defense of human life was listened, we could work hard in all our countries. Thank you for your full participation and assistance to our Congresses always worried for Latinamerican work. Your help was very important for Chile, Latinamerica and for the whole Catholic world. The prize you received from us in Barcelona, many years ago, was also decided unamously. I wish that Our Lord may continue guiding your steps in helping Catholic Doctors’ organizations throughout the world.rough