U.S. Treasury official says situation "grim"
U.S. Treasury official says situation "grim"
Sun Oct 19, 2008 5:29pm EDT
http://www.reuters.com/article/idUST...dChannel=10112
BEIJING (Reuters) - The U.S. economy is facing several grim quarters and is unlikely to rebound before 2010, according to an interview with a senior U.S. Treasury official carried in a weekend Chinese newspaper.
Under Secretary David McCormick, who is due to visit Shanghai this week, told China's 21st Century Business Herald that credit conditions had weakened dramatically, dimming growth prospects.
"At present it is hard to predict how negative the impact will be, but in the next few quarters, the situation will be quite grim," McCormick was quoted as saying. The newspaper translated his remarks into Chinese.
"We hope that we can finally stabilize the economy in 2009, and return to a growth trajectory in 2010," he added. "But no matter what, doubtless now is a difficult period."
(Reporting by Ben Blanchard, editing by Will Waterman)
__________________
“Sometimes I wonder whether the world is being run by smart people who are putting us on….or by imbeciles who really mean it.”
___ Mark Twain
Correction
"US Treasury official INSTRUCTED to say 'situation grim.'"
This is a script.
They are all following it step by step.
Scare the sh^% out of them and they will beg us for a world financial system...precursor to world government.
It really isn't that hard to figure out is it?
Unify
good link...
http://www.reuters.com/article/americasDealsNews/idUSTRE49I1...
2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.