IMF now fears global meltdown

IMF now fears global meltdown

So, that means that we all will go broke, WHO CARES, surely the wealthy will not care, about the poor starving.

Sammy

What's the IMF up to?

I suppose they say things like this to try to chivvy the G20 leaders into coming to an agreement sooner rather than later. The danger is that such statements erode confidence farther, worsening the situation. The trouble is, they can’t say things like this privately to world leaders as it won’t work. It is only if voters become scared and agitated that politicians will act.

So....

for everyone that said there would be no Amero, what do you think now? Once this thing goes to hell in a chicken basket, we’ll gladly accept whatever solution that they offer. That’s when the fun begins!

Infowars.com

Expected

The RICH>>> Wealthy >>>Greedy>>> & powerful Big shots in America, mostly capitalistic minded zionist & their cronies >> sucked the small People & brought this situation. The White House lost the Control of its own watch dogs institutions and idiots like Channey and his Haliburton siphoning vehicles emptied the treasury for personal & his Families wealth accumulations. What can you expect when loose & criminal minded Sara the doe head contests to be the V.P. of U.S.A. Americans should know better. Where is the BEST & NO. ONE in the world. Noowhere. TURNED to DUST.

NGO be ready to tighten your belt, good time is over

This meltdown come about due to players given the chance not playing the right way. Instead of shooting at the ring, this bunch of hooligan elbowing each other whenenver evil spectators at the side line agitated for fight.

While the people in America, Europe and Asia were struggling, what about the arabs in the Middle East? These people were so damned rich that they don’t even feel the pinched. They don’t even care about the world meltdown or meltup. They just cared when is the $$$ oil going up. Shit them.

Where did all the money go??...
:confused:
All That Money You Lost - Where Did It Go?
Oct. 11, 2008 - Surprise! It Was Never Really Money In The First Place

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Trillions in stock market value - gone. Trillions in retirement savings - gone. A huge chunk of the money you paid for your house, the money you’re saving for college, the money your boss needs to make payroll - gone, gone, gone. Whether you’re a stock broker or Joe Six-pack, if you have a 401(k), a mutual fund or a college savings plan, tumbling stock markets and sagging home prices mean you’ve lost a whole lot of the money that was right there on your account statements just a few months ago. But if you no longer have that money, who does? The fat cats on Wall Street? Some oil baron in Saudi Arabia? The government of China? Or is it just - gone?

If you’re looking to track down your missing money - figure out who has it now, maybe ask to have it back - you might be disappointed to learn that is was never really money in the first place. Robert Shiller, an economist at Yale, puts it bluntly: The notion that you lose a pile of money whenever the stock market tanks is a “fallacy." He says the price of a stock has never been the same thing as money - it’s simply the “best guess” of what the stock is worth.

“It’s in people’s minds," Shiller explains. “We’re just recording a measure of what people think the stock market is worth. What the people who are willing to trade today - who are very, very few people - are actually trading at. So we’re just extrapolating that and thinking, well, maybe that’s what everyone thinks it’s worth." Shiller uses the example of an appraiser who values a house at $350,000, a week after saying it was worth $400,000. “In a sense, $50,000 just disappeared when he said that," he said. “But it’s all in the mind."

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Living on borrowed money

All in the mind ?
but the speculative debts called bonds were sold as real value to the rest of the world by the bankers are having a real world objective kickback not just in America but the rest of the world.
Nobody has much respect for the american swindle after they sucked in trillions. They will not buy bonds from America again in a hurry.
Who would trust american banks now?
So what will happen in the shopping mall economy?
All thats left is balance of trade deficts and government deficit spending.
And foriegners hesitant at buying more bonds and loaning to America more,
Hence the freeze up in the money markets -credit supply.
Times up pay your bills America.

Why is the Word - globalization - Not in the Rhetoric??

World wide Manipulation, followed by Abuse, followed by Crisis, is the natural path of greed and power.

Globalization is the road used by stripminers! percentage takers. Exorbitant takings of Monies.

There is an Example of Peoples fighting back against the Abuses! Look at what is going on in South America! Once under total domination and stagnent poverty admist a multitude of Promises, and a history of death squads lies and betrayals.

South America is, has been throwing off breaking the chains of the chamber of commerce globalization. They have are developing relations with each other and countries willing to conduct trade based on sharing. Growing of each party equally.

Which has had the predictable results! Hatred anger and desperate messures coming from the greedy mamipulators. And at Home prosperity is growing! The peoples at the bottom of the peramid as tasting the Pie! Ecomonies are growing in the face of the world wide crisis!

When Nations are sovereign in reality they can insulate them selves from the greedy and the manipulations of the stripminers! They may suffer downturns, but manipulators will not be able to create bankruptcies for 'profits'! The south american countries that are doing well, are doing well from top to bottom rich to poor are doing better. The rich are simply not able to Monopolize, and are settling for a lil smaller piece of pie.

Does the world’s peoples need any billionairs? Do they need a trillionaire? Should one person receives more than 250 millions dollars a year while another get less than 250 dollars?

Globalization is the Race to be the First Trillionaire! The meltdown crisis, is a race strategy to become that first trillionaire!

The Federal Reserve is Guilty of Helping Create the Global Financial Meltdown

The Federal Reserve is Guilty of Helping Create the Global Financial Meltdown

Many investors and concerned citizens around the world are showing their outrage at what the Federal Reserve has done to the American economy with their easy money policies which caused the credit & real estate bubble and subsequent global financial meltdown.

Join the thousands who are signing & commenting on the Abolish the Federal Reserve Petition at http://www.petitiononline.com/fed/petition.html

The American people should have impeached bush

Yes, if the American people had impeached bush, for his abuse of delegated power, and his inactive ability to intervene while the American economy was going downward, as well as the indiscriminate speculation on the US Dollar, where his administration just did not care at all, while the speculators were making billions with the fall of the US Dollar, which contributed to the rise of gasoline prices, and creating a hardship to many families world-wide as well as domestic.

Government regulations were not applied to speculative manuvers by the wealthy wall street bankers, who have had a free-hand and have done all that they have wished to do to destroy the US economy.

And now they have come to the point to blackmail the US government for a bail out, after they have succked the sweat and blood of their naive investors, with faulty financial information about their monetary resources.

It is very strange that the Feds did not act before, so that things would not have reached this danger level, or could it be that all of this was planned to come up just before the November elections to influence people’s votes, and bush would come out as the hero who will save the American economy with his bail out plan.

I do hope that the American people will realize that they have been taken for a ride by the bush regeme, who has destroyed all of America’s principles of fair play, lost our good friends who had faith in us, and now they have destroyed the American economy, in favor of those wall street bankers.

Sammy

Global unemployment to go up...
:eek:
World jobless 'to add 20 million'
Monday, 20 October 2008 - The global financial crisis will add at least 20 million extra people to the world’s unemployed, a study by a UN agency predicts.

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This will bring the total number of people without work to 210 million by the end of next year, said the International Labor Organization (ILO). ILO Director-General Juan Somavia said the figures showed that governments had to focus on individuals not just banks. He called for more efforts to help those affected cope with unemployment.

'Care about people'

“We thought it was not good to talk about the financial crisis exclusively in financial terms," said Mr Somavia. “We have to talk about the financial crisis in terms of what happens to people and in terms of what happens to jobs and enterprises. “If we have enough resources to pump into the financial system, this is not the moment to say, 'Yes, but we don’t have the resources to care about people'". Mr Somavia added that while governments were right to try to end the “credit paralysis” in the first instance, attention should now be expanded to helping firms maintain jobs.

In particular, he said governments should help small companies, since combined, these produced the most jobs. Mr Somavia added that protecting people’s pensions was also vital. Returning to the global economy, he said the sectors that were likely to see the most job losses were construction, the housing market, financial services, the wider service sector, and carmakers.

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