IMF says we aint seen the worst yet

news.bbc.co.uk...

"Systemic risks remain high and the adverse feedback loop between the financial system and the real economy has yet to be arrested, despite the wide range of policy actions and some limited improvement in market functioning.

"Further effective government action - particularly geared toward cleansing balance sheets and strengthening institutions - will be required to stabilize the global financial system and to provide the foundation for a sustainable economic recovery." Source IMF @ the BBC.

This is for all the optimist ANALists on Bloomberg etc who say buy buy buy, what a farce.

If the IMF is worried, then we're doing the right thing. The IMF is the last and least-liked option IN THE WORLD!

We need to go to a silver-standard, eliminate off-shore investors, and end the fed.

O-315

Start by repealing the Federal Reserve Act.

Classify fractional reserve lending as usury - a crime.

Banks should make their profit from services - NOT gambling.

Eliminate Corporate Citizenship, businesses are NOT people - they should not share the rights of citizens who can be called upon to bleed or die for their country.

Return education institutions to the individual states, the federal government has nearly destroyed it.

Reseat congress and the Senate.

Call for a mandate of public service which precludes open membership in "secret" organizations.

Prosecute monopolies.

Eliminate - as in RESET - the national debt. Future generations will see no benefit from, nor should be responsible for, the travesty of the vile abuse our 'elites' have perpetrated.

... the silver standard is a fair idea too