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Originally posted by Karlhungis
Well the bankers got their money before the bottom fell out. At least now we know why they rushed it.
Originally posted by ModernDystopia
October 6th 2008.
Germany takes hot seat as Europe falls into the abyss
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.
As Federal Reserve Chairman Ben S. Bernanke and his global colleagues fight the worst financial crisis since the 1930s, one danger is looming larger by the day: deflation.
With asset markets tumbling, commodity prices plunging the most in 50 years and banks keeping a tighter grip on credit, the ingredients for a sustained period of falling prices are coalescing. While inflation is still a concern for many policy makers only months after oil and food prices peaked, the risk is their patchwork of rescue and stimulus packages will fail, and prices will start to fall throughout the broader economy.
``The ghost of deflation could be dragged out of the closet again in coming months,'' says Joerg Kraemer, chief economist at Commerzbank AG in London.
Originally posted by mullet35
America get ready for a major war that is the one sure way to kick start the markets all resource stocks will go through the roof as well military arms, medical, vehicle manufacturers, clothing, and component manufacturer shares will go up dramaticlly the worlds demand for alot of things will obviously go up
Originally posted by redhatty
reply to post by Karlhungis
If you read the article by Time and the Telegraph, you'll see that they are both talking hard recession. It also helps explain some of the emergency with the Bailout bill, International Banks are facing margin calls on their dollar backed investments.
The whole world is affected here, not just the US.
This will either be an opportunity to remove the big bankers control, or succumb to a new system they are just waiting to implement.
Either way, it's an interesting ride!