World faces "total" financial meltdown: Bank of Spain chief

"The inter-bank (lending) market is not functioning and this is generating vicious cycles: consumers are not consuming, businessmen are not taking on workers, investors are not investing and the banks are not lending.

Link to story.

We all realize it is nasty out there and most people on these boards know the depth of the problem, although nobody really knows the solution.

But the mainstream media continually reports the 'bailouts', 'rescue plans' and loans by governments all over the world and carry forth the message that it is all being done to get things going. Clearly that isn't working.

The head of the International Monetary Fund (IMF) warned on Sunday that the economic situation could get even worse in 2009 if governments fail to take firm enough action.

Link to more information


With that, it seems that so many in North America either don't know, don't believe the depth of the problem or just plain old don't care.

Which is it and why . . . I'm stumped.



[edit on 23-12-2008 by GoalPoster]

According to some this is exactly the plan. Global financial meltdown!

This is the scenario "they" need to be able to persuade the world leaders into establishing one world government. This organization will most likely be founded by the World Trade Organization, the International Monetary Fund and the European Union and the United Nations.

One world government and one world currency with one central bank where the rulers of the world can plan their next moves. Where would they go from there? One world police, one world education system, one world food producer, one world health care, etc....they wouldnt stop until EVERYTHING is under their control.