***Breaking news IMF in global 'meltdown' warning***
Posted October 11th, 2008 by legalizeliberty
output
The world financial system is teetering on the "brink of systemic meltdown", the head of the International Monetary Fund (IMF) has warned in Washington.
Dominique Strauss-Kahn said the crisis was being fanned by fears over debt-ridden banks but added rich nations had so far failed to restore confidence.
He spoke after talks with US President George W Bush, Group of Seven (G7) finance ministers and the World Bank.
Mr Bush said the global economic crisis needed a united international response.
Speaking in the US capital on Saturday, Mr Strauss-Kahn said: "Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown."
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If it does happen...
then what does that mean for all of us?
Did you all se Kyiosaki's article on Yahoo?
http://finance.yahoo.com/...
Now, he's a self maid millionaire and considers himself "middle class" (compared to the elite friends of fed govt.)
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"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." Benjamin Franklin
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Putin and Iran and the
Putin and Iran and the Muslims dont want the new world order, I wonder if this will be the battle of Armegedon, Banksta -vs- Putin, muslims, Iran. Will be interesting to watch.
Fed/IMF moving to control EU banks
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It looks like the IMF and Bush are using more scare tactics to push Germany and France into their crazy scheme.
Could the US Fed be moving for control of the EU banks?
One possible good outcome may be a fractured EU with renewed nationalism among member states. Hopefully they will stand tough for some financial sovereignty rather than to fall under the clutches of the Fed, Goldman, JPM and Citibank cabal.
Bush is over reaching his shaky position; you can bet we will see some outrageous solutions in response to this weeks "imminent crisis." More fascism, nationalization and money schemes coming our way.
When will the fatigue factor begin to set in among the people? The US population has been fed one serious threats after the other since 911. Terrorists, anthrax, snipers, Iraq war, Iran war, Pakistan war, Georgia, a new cold war with Russia, financial crisis after financial crisis - constant worry and crisis.
I hope the EU and the US people tell Bush and his banksters to go to hell.
You know what? I could give
You know what? I could give a flying f about the "GLOBAL" anything, right now. I care about THIS country. I could not give a rat's ass what the rest of them are doing..and if they are all "interlinked" that is NOT my doing, my responsibility, nor anything the founders would have wanted to happen. Global economy is a ridiculous idea, even in reality. Screw that.
It's not your doing
But it will affect you. There's no way around the fact.
However, I concur that it's a stupid, ridiculous mess that those b*stards in Washington got us into.
.
Agreed Crickett.
Cricket
I agree with you 100%. We need to take care of our problems and let the rest the world worry about their problems! (so little time, so many incumbents to unseat!)
the way I see it
this crisis has been carefully prepared by the NWO elite so to centralize power structures create new one world currency and make humanity as debt ridden slaves forever.
http://www.votenader.org/...
http://www.flickr.com/pho...
I see just the opposite! I
I see just the opposite! I see a system that has been carefully put into place over the last 100 years, one which they have spent a great deal of time, financial, political and even military assets to put into place over the years, coming a part at the seams. Back in the 30s and 40s, John Maynard Keynes and Dexter White discussed having one international currency, but they decided that they could actually use the existing currencies of the world simply by transforming them into fiat system, that happened completely in 1971. So, for the last 40 years we have had a world currency and that currency is fiat money. The have spent decades implementing their monetary system, their globalist trade system and their socio-economic political plans, just as they set forth in every blueprint they published since the late 1800s, their plans have been going, almost word for word, exactly as planned...why then would they scrap their plan that has worked so well for several generations by collapsing the very system they said they wanted. They have already made slaves out of the world, we work for literally pennies per hour due to their goal of inflating the fiat money to the point that it has no purchasing power. They have had their new one world currency in the fiat monetary system and have for nearly 40 years. I see one problem that they have overlooked, the lessons that history teaches about Fiat Money, it can't be controlled and it can't be maintained indefinitely, it will always collapse in upon itself as this one is now doing.
Their entire NWO empire depends on this system, it is the life-blood of this leviathan and when it is drained of blood so too is their power over us, all their power and wealth depends on the continuation of this system and the economic plans they have so assiduously worked to create in this country and around the world. I see a very real panic among these NWO power players because their power source is collapsing. They would have absolutely nothing else to build on if this system collapses, especially if the Fiat Monetary System collapses and I think that is exactly what is happening...this is more than just a recession/depression, this is the end of the Debt Standard of Fiat Money.
The foundation of their entire system is the Fiat Monetary System, if it fails and it will, then their power and plans fail with it.
http://www.1776solution.b...
The best laid plans
of mice and men. Something this huge was sure to have an unexpected turn or two or several. All the ducks had to be in a row and one or two swam away.
So, if it does collapse, then what? I'd like some opinions there.
I hope you are right
its true that every fiat currency system in world history collapsed.
Its true we are slaves already is so many ways.
Real panic among the elite is visible....so perhaps they lost control over their own game.
http://www.votenader.org/...
http://www.flickr.com/pho...
I think it is a collapse of
I think it is a collapse of the very system they have worked so hard to put into place.....They have just worked far too hard to get to this point, I can see no system that they could come up with to replace it since everything they depend on depends on this system and its continuation.
http://www.1776solution.b...
and this could lead to complete erosion of their power
Now I understand my inner joy at seeing this collapse.
My gut feeling was correct...my parents where looking at me as if I was somewhat evil for cheering the market meltdown LOL
http://www.votenader.org/...
http://www.flickr.com/pho...
They have placed all their
They have placed all their eggs in the Fiat Monetary Basket, their power and wealth totally and absolutely depend upon that system for their continued viability. Now, this does not mean that they will not try to retain their power, they will do what ever it takes to maintain their control and their wealth, but if the Money System they have imposed collapses everything they have built around it also collapses.
http://www.1776solution.b...
republicae, why do you suppose
that Ron Paul is so concerned about this Global meeting this weekend? Do you think he also knows what you are saying is true, yet is concerned that it will prolong their hold on us, or that it will be worse on us when it all collapses, or that he doesn't agree with you at all? Just wondering, and thanks again for your positive and educated posts.
I think Dr. Paul is well
I think Dr. Paul is well aware that if a dog is cornered he will bite! They will try to prolong their grip and will tighten it as they see their power slipping away. The will attempt to use what ever means necessary to continue their hold on power and I think Dr. Paul is well aware of that and has expressed the same thing in so many words. Dr. Paul has made it clear that he believes the system is in the process of collapse; I suppose the question will then be whether the People will stand in the gap, fight for their Liberty and Freedom or simply remain a compliant and enslaved People.
http://www.1776solution.b...
Exactly
some people still have the blinders on and don't see the end goal. This is all by design you fools, they want a one world government, one world currency, and one world military. If all this bailout out shit results in a one world currency you better all start dropping out of the system and quick!
NO WORLD GOVERNMENT!
VOTE CHUCK BALDWIN
Exactly. And I wish someone
Exactly. And I wish someone would come out and say GLOBAL economy is a bad nightmare anyway. Wake up and get to work. I hear the word global anymore I want to punch whoever just said it..
Im with
you Crickett.
Putin did
Russia wants nothing of a one world order. Maybe the crushing of their markets is the bankers way of saying "you will come on board".
Just Great :(
~Mikael / Peace, love, Light and unity ~
here is a comment from CFL website on this news
Didn't Dr. Paul tell us this yesterday on FOX Business? Steve Forbes just sneered, but Dr. Paul appears to be right again. Score one for the Jeffersonians.
What will they suggest to fix it? A World Federal Reserve? A single international currency? More government, more control and less freedom and prosperity will be the result regardless.
http://www.votenader.org/...
http://www.flickr.com/pho...
Sometimes I wish Ron Paul
Sometimes I wish Ron Paul would just bitch slap these people!
Just say bluntly that he has been saying this for 30 years and everyone (in government and the media) has been to stupid to listen!