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Originally posted by Peruvianmonk
... people have it to easy.
Financial markets have failed to price in the risk that any one of a host of threats to economic stability could materialise and deliver a massive shock to the world economy, the International Monetary Fund warned yesterday. ...The world's chief financial watchdog said the financial system had so far proved resilient in the face of recent price falls but warned the risk of a crash had increased. And when it comes to worrying about a crash in the financial markets that could deliver a body blow to the world economy, it seems that all roads lead to the US.
The IMF highlighted five major risks, all but one of which can be attributed to a greater or lesser extent to the economy and foreign policies of the US administration. Not that the politically savvy IMF phrases it exactly like that. ...Its message coincided with a stark warning from HSBC, one of the world's largest investment banks, that it had put the US on alert for "recession risk".
Other dangers included: ...A mutation in the avian flu virus that would lead to a "sharp decline in economic activity". ..."In these circumstances it is reasonable to wonder whether financial markets might react to less favourable developments in a way that would amplify - rather than dampen - the emerging risks." The trigger for a shock to asset prices can come out of the blue, perhaps a natural disaster or a health epidemic such as bird flu. ...The IMF reiterated its fears that an outbreak would reduce investors' appetite for risky investments, cut capital flows between companies and weaken financial systems as absenteeism rose.
IMF: risk of global crash is increasing
Originally posted by yeahright
There once was a notion that the media served as a "Fourth Estate" to hold business and government in check. I'm not so sure it was ever as noble as it's been romanticised to be, but I do think with the media being consolidated and controlled by an ever smaller group conglomerates, it's worse than it's ever been.
The Internet may yet prove to be the fulcrum, but at this point, who do you trust on the Internet? It's just more white noise.
Originally posted by thesaint
With subjects such as Moon landings, 9/11, UFOs and alien contact i feel the goverments must really be feeling the heat on the back of their collar. Their lies and "Official" stories can be debunked within hours of being released.