 |
 |
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
|
|||
 |
|||
|
|||
 |
|||
|
IMF in global ‘meltdown’ warning
- Text size
BBC News
October 13, 2008
The world financial system is teetering on the “brink of systemic meltdown”, the head of the International Monetary Fund (IMF) has warned in Washington.
Dominique Strauss-Kahn said rich nations had so far failed to restore confidence, but he endorsed a new action plan by the G7 group.
He also said the IMF was ready to lend to countries in dire need of capital.
The 15 eurozone leaders will meet in Paris later to try to establish a common approach to the markets crisis.
French President Nicolas Sarkozy and German Chancellor Angela Merkel said they would present a number of proposals at the summit to ease the credit freeze that has caused the collapse of several leading international banks.
But after meeting in Paris on Saturday, the two leaders said the summit would not result in a joint financial rescue fund for Europe, in the model of a $700bn rescue by the US government.
French Economy Minister Christine Lagarde said the eurozone leaders would discuss the possibility of guaranteeing interbank lending and put “meat” on the “skeleton” of a five-point plan by the G7 group of most industrialised nations to resolve the crisis.
Intensifying concerns
Mr Strauss-Kahn was speaking in Washington after talks with US President George W Bush, G7 finance ministers and the World Bank.
Earlier, G7 ministers had released the five-point plan to free up the flow of credit, back efforts by banks to raise money and revive the mortgage market.
“Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown,” said Mr Strauss-Kahn.
He later told a news conference: “The first co-ordination between advanced countries and the rest of the world is now on track.”
The IMF chief’s strong words reflect a belief that the global financial crisis can be contained, says the BBC’s economics correspondent Andrew Walker in Washington.
Mr Strauss-Kahn was joined at the White House by finance ministers from the US, Canada, France, Germany, Britain, Italy and Japan, as well as World Bank President Robert Zoellick.
Following talks with the economic leaders, Mr Bush also pledged co-ordinated action, saying it was serious global crisis which demanded a serious global response.
-
- Social bookmarks
- Email this article
-
- Print this page
- Share on Twitter
October 13th, 2008 at 4:45 pm
shitson i better be able to use my credit card tomrrow , buying sick car
October 13th, 2008 at 4:48 pm
http://goatse.cz/
October 13th, 2008 at 4:49 pm
http://goatse.cz/ ZIONIST DARK HOLE
October 14th, 2008 at 12:35 pm
I feel sooooo much more secure knowing that this is how a Global system will operate, Greed, Stupidity and Arrogance is all we will get from a One World Government and the sad thing is………The fact that the New World Order hasn’t even started yet but the massive failure of this whole system seems clearly evident.
October 14th, 2008 at 11:17 pm
Did You know, that in the complete history of the DOW eight out of ten top peaks occured during the early years of the Great Depression?
#3 was the day after the great kickoff crash of 1929. What? the majority of the best DOW peaks occured during the great depression? What?
The DOW is not exactly the best indicator of where we are. We know where we are, and once the bailout money hits the banker boyz, game gets tough.
Best Days of the Dow (% Gain)
1 15.3% March 15, 1933
2 14.9% October 6, 1931
3 12.3% October 30, 1929
4 11.1% October 13, 2008
5 10.1% October 21, 1987
6 9.5% August 3, 1932
7 9.5% February 11, 1932
8 9.4% November 14, 1929
9 9.4% December 18, 1931
10 9.2% February 13, 1932
October 15th, 2008 at 12:03 pm
THIS is the fear that is used to CONTROL YOU!!!
THIS is the fear that will get them the AMERO!!!
THIS is the fear that will make YOU THEIR SLAVES!!!
THIS is the fear that will make the NWO A REALITY!!
THIS IS ALL A LIE!!!!
HOW MUCH WILL YOU TAKE?
STOP FEEDING THE LIARS!!! STOP PAYING INCOME TAX!!!!!! THEY ARE KILLING US!!!!
LITERALLY!!!!
October 15th, 2008 at 2:12 pm
raise the sword.
We must unite and smash the machine. Our fascist govt. is killing us all. When will we unite?
October 15th, 2008 at 3:27 pm
Dominique Strauss-Kahn is an Ashkizani Jew Zionist elitist -who would of guessed someone such as himself using fear and threats to manipulate … Aces and 8’s mother fucker !!
October 15th, 2008 at 3:37 pm
Dominique Strauss-Kahn is an Ashkizani Jew Zionist NWO elitist -who would of guessed someone such as himself using fear and threats to manipulate … what they don’t realize is ‘confidence’ in ‘their’ pyramid scheme will NEVER be restored , the jig is up … Aces and 8’s mother fucker !!
October 15th, 2008 at 10:48 pm
#2 sick twat fuck you
October 15th, 2008 at 11:19 pm
Let it melt…
Local people need to support banking at a local level and leave the parasites off the financial dog…
100 years of carring a 20 pound tick on a ten pound global dog is enough… Pull the tick off and bust him..
October 18th, 2008 at 2:17 am
Take it with a grain of salt, people.
I visit Infowars almost every day, but I don’t always come to the same conclusions as the writers or even the 3rd party articles.
If you never visited any other website nor went outside your house and only visited Infowars, you would probably believe that:
1. We are within weeks of a global currency (or already secretly have one);
2. There are soldiers on every street corner in the US;
3. Every police officer tasers someone;
4. Gold prices never go down;
5. There is a food shortage crisis in every country.
Etc.
Sure, these terrible things may happen, but lets not be totally paranoid about it and panic.
October 18th, 2008 at 6:13 am
The next step will be to impose draconian austerity measures against the populations throughout the West. Many social programs will be eliminated completely, others seriously limited. State, City and County budgets are no longer sustainable, but coming austerity measures will end the pretense of functionality. These measures will, of course, entail even tougher constraints on our liberties.
In other words, the worst is yet to come.
October 18th, 2008 at 9:01 pm
ORDER OUT OF CHAOS!
December 9th, 2008 at 6:33 pm
October was the worst month in the last 21 years of the Standard
December 9th, 2008 at 6:33 pm
October was the worst month in the last 21 years of the Standard