The Phaserl


Most Prestigious Financial Agencies Say Global Economy Is In Real Trouble

from Washington’s Blog:

Bad Government Policy Has Made It Likely We’ll Have a New Financial Crisis

The head of the world’s most prestigious financial body, the “Central Banks’ Central Bank” – The Bank for International Settlements – said recently the global financial system is currently “more fragile” in many ways than it was just prior to the collapse of Lehman Brothers, and that debt ratios are now far higher.

The World Bank, the highly-regarded Organization for Economic Co-operation (OECD) and Development and the International Labor Organization jointly warned that “there is a global jobs crisis“, and that the weak labor market performance is also threatening economic recovery because it is constraining both consumption and investment, since “Jobs are a foundation for economic recovery.”

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1 comment to Most Prestigious Financial Agencies Say Global Economy Is In Real Trouble

  • Anon

    I do not wish to diminish the fact that the “global economy” is in real trouble. What I would like to point out, however, is that “they” (Western International Central Bankers) are really now beginning to “ramp up” and “amp up” the volume on this narrative of the failing “global economy”, which really says to me, that “they” are FEARFUL of losing control or hegemony, over the “global” economy. THAT is what is REALLY going on! Also, they are no doubt planning to use this narrative of the worsening, failing, even collapsing “global” economy as a way to introduce their preplanned “solutions” for said worsening, failing, or even collapsing “global” economy – “solutions” which NO DOUBT, will be anything BUT, MORE OF THE SAME – DEBT AND DEATH! for the masses. Be VERY wary of their preplanned “solutions” to the worsening “global” economy!

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