CNBC Analyst: Global Bank, Global Currency Within 15 Years
Head of market analysis for Schneider Foreign Exchange Stephen Gallo told CNBC yesterday that the financial crisis will lead to the creation of a global central bank and a global single currency within 15 years, echoing the call of top globalists who have exploited the problems they created to push for a new world financial order.
Moody’s predicts default rate will exceed peaks hit in Great Depression
A bigger proportion of non-investment grade companies will go bust in the US and overseas in the coming years than during the Great Depression, according to Moody’s, one of the world’s foremost experts on credit.
Is BBC reporter Robert Peston a government stooge?
Fresh questions have been raised over whether BBC Business editor Robert Peston is being used as a Government stooge during the financial crisis.
It’s funny that during the run-up to the first War on Terror, Wall Street had such an active hand in exploiting the tragedy of 9/11. Thousands upon thousands of puts short-sold United and American Airlines stocks and WTC-based Morgan Stanley stock plunged; similarly calls (bets to rise) on defense and related stocks sent them soaring on that awful day, the War on Terror’s inciting incident.
• Worse Than The Great Depression...Hyperinflation Is Coming! Own Gold & Silver! Real Money-Real Protection!
Obama’s Stimulus Bill is a Banker Contrived Debt Scam
It was a joke, but not funny. Ben Bernanke, Federal Reserve mob boss, declared in his semi annual report to the Senate Banking Committee earlier this week “there is a reasonable prospect” the “recession” will end this year. The stock market responded with an upward blip of conditional and cynical enthusiasm.
• Obama’s Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011
• Small Businesses To Suffer From Obama’s Tax Hike
Economic Crash Will Fuel Social Unrest
The global economic meltdown has already caused bank failures, bankruptcies, plant closings, and foreclosures and will, in the coming year, leave many tens of millions unemployed across the planet. But another perilous consequence of the crash of 2008 has only recently made its appearance: increased civil unrest and ethnic strife. Someday, perhaps, war may follow.
• Big bailouts for ‘higher-ups’ anger left-out middle class
• Understanding and Navigating the Economic Crisis
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