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Worst slump since Great Depression
- Text size
Edmund Conway
Telegraph
October 20, 2008
The warning underlines the fact that policymakers have failed to prevent the financial crisis from turning into a full-blown economic slump. It comes as world leaders agreed to hold a summit in New York billed as the “Bretton Woods meeting for the 21st century”.
- A d v e r t i s e m e n t
In its major assessment of the global economy’s health, Deutsche Bank also warned that Britain is even more vulnerable than the US or the euro area, as it predicted that the powerhouses of India and China would fail to support the wider global economy through the downturn.
The banks’ economists Thomas Mayer and Peter Hooper said: “We now expect a major recession for the world economy over the year ahead, with growth in the industrial countries falling to its lowest level since the Great Depression and global growth falling to 1.2pc, its lowest level since the severe downturn of the early 1980s.”
According to the International Monetary Fund, global growth of anything less than 3pc constitutes a world recession. The warning was echoed by Richard Berner of Morgan Stanley, who said: “A global recession is now under way, and risks are still pointed to the downside for commodity prices and earnings.”
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October 20th, 2008 at 12:03 pm
Experts believe the Asian markets were insulated? With what? SURPIRSE! It’s a global collapse idiots. Which of part global and collapse you don’t understand? Take off your goddamn blinders and open your eyes and admit reality. STOP LIVING IN DENIAL! It only perpetuates the problem and avoids dealing real solutions as apposed to phony bail-outs. We do not need to save this current system, what it represents and who and what represent it —– it needs to collapse so that we can hopefully rebuild it and make it work the way it’s suppose to. The key word being HOPEFULLY.
October 20th, 2008 at 12:20 pm
doctor frankenstein has his creation backfiring now
doctor frankenstein being the federal reserve
frankenstein
im not sure ho that ould be
October 20th, 2008 at 12:43 pm
AT LEAST THE INDIANS HAVE GOLD AND TONS OF THE STUFF THEY WILL COME OUT OF THIS THE RICHEST COUNTRY IN THE WORLD. ALONG WITH CHINA WHO WILL BE SKINT BUT WILL RECOVER TO BECOME THE NEW USA OF THE 21ST CENTURY ALTHOUGH WITH DIRE CONSEQUENSES FOR ANYONE WHO WON’T TOW THE LINE. MAYBE INSTEAD OF BERATING ILLUMINATE BANKERS AND POLITICIANS WE SHOULD ENCOURAGE ALL THE MANIACS OUT THERE THEY MAKE GOOD TARGETS AND HAVE THEM STALKED TO DEATH WITH DEATH THREATS AND THE LIKE( JUST AN IDEA)
October 20th, 2008 at 1:21 pm
you all want to see…
you shall see…
October 20th, 2008 at 1:23 pm
did alex jones help get wtprn off the air?
October 20th, 2008 at 1:48 pm
http://www.youtube.com/watch?v=sOMec-rYTbo
October 20th, 2008 at 9:48 pm
Those who have lived close to the earth and within their means will suffer the least.. no matter what country they live in…
It is those who have manipulated men and their labor who will suffer the most..and as it should be…
I cannot wait until it all folds in on itself..and those who think they do so much come to face what they really are…
Let the damn lie be exposed.. reality is much more easy to work with…
October 20th, 2008 at 10:08 pm
This story sums it up..and it applies to every one of us.. By God it don’t cost anything to read it..It is not religious.. and it is FREE.. Quit complaining until you understand what you are complaining about..and if you are on the dole.. don’t complain at all.. live with it..
If you are too stupid to get the meaning.. You are hopeless anyway and it doesn’t matter…
http://www.atgpress.com/boilined/boil007.htm
October 21st, 2008 at 2:16 am
I think we are in a depression already
October 21st, 2008 at 6:46 am
isn’t all of this an amazing coincidence this all happening so close to the sacred dates of the bible, mayan end date, nostradomas predictions and many more. we are already transitioning into the aquarian age and many say this time will be the most tryin and transitional period our modern society will have faced. I am not religiouse but believe there is much we do not know or understand. things happen for a reason weather it be karmic or something else. this is an amazing time we live. Learn, grow, understand and ride the wave of adventure coming. there is nothing to fear and everything to look forward to, people are waking up and all we can do is prepare and keep ringing the bells for more to wake up!
do not conform, live free
October 21st, 2008 at 11:17 am
Why do we fall? So we can learn to pick ourselves back up. The end isn’t here, and as long as keep trying to do the best we can we will rise again and better than ever.
October 21st, 2008 at 1:49 pm
BY DESIGN, THIS NATION “IS” BEING BROUGHT DOWN. WHAT “WAS” THE UNITED STATES OF AMERICA HAS SURVED IT’S PURPOSE. NOW THE BANKERS OF THE ELITE WANT “MORE”… THEY WANT MORE CONTROL OVER “YOU!” FIGHT ANY ATTEMPT UNDER,YET ANOTHER LIE OF “FEMA” PROTECTING US. WHEN YOU ARE “TOLD” YOU MUST ACCEPT A RFID CHIP INSERTED “ANYWHERE” UPON YOUR BODY.. FIGHT IT WITH YOUR VERY LIFE! THAT IS HOW THEY WANT TO “CONTROL” EVERYTHING – WHAT IS COMING…WILL MAKE THE 1929 DEPRESSION LOOK LIKE A CAKE WALK!
October 21st, 2008 at 5:29 pm
#10 you have great wisdom. Americans prepare for martial law and do NOT go to a fema camp. Look it up yourself and recall Germany. The North American Union and Amero are on the way. You can find truth here while the net is up whatdoesitmean.com stevequayle.com uaff.us standeyo.com and center for global research…..these sites are not censored. The book of Enoch, destroyed and written for this time will explain all of it and what to expect as will the book 2008 God’s Final Witness which is online and shipped at no charge. In grace, Pamela and as for you illuminati/elite/fallen angels/biters alien to us…….it was a bit more complex than our religions told us. Enoch had you pegged eh? My boss wishes to have a word, a final word with you so party on with all that you have stolen………………………PENTECOST 2012 it ends for you and the beauty starts for the rest of us. Lovingly, your absolute worst nightmare, an awake, critical thinking, non chemtrail sedated, member of the elohim/remnant.
October 21st, 2008 at 7:58 pm
After reading every post.. It is not the name United States(commonly associated with “America”) that is the great thing about the people of the US.. it is how the coutry originally began as an effort of the people.. different than any GVT before them since there were organized GVTS where the people actually possibly had a say in the way they were to be governed by their own opinion in a semi-democratic system named a “Republic”…
The odd thing, in my opinion, that is to be learned from this lesson is that some people do not believe people should have a say in how they live their lives.. and at the same time..some people were not meant to be free or renounce the idea they should be responsible for their own destiny without a GVT “crutch”…
They will always be some that eat from the hand.. as well as some that bite the offering hand…
The thing about the US is.. there is no revenue for GVT without taxation..and the GVT has allowed that power to be transferred to the financial elite for security of GVT in exchange for the power of people to rule themselves so gradually it went un-noticed…
Now here we are… back into the cycle of old… being ruled.. and illusioned as if we were not…
I could be wrong..as much as I like being right.. but I don’t think so.. the evidence is plain…
October 22nd, 2008 at 8:27 pm
Nearly 60 yo now, I have NEVER seen nor even DREAMED OF so much tyranny falling upon us – topped by so many deep treasons as I have seen in just the last -4- years — at this rate, I fear we have only another -4- ‘ left ‘ for the survival of mankind itself ! I Saw facts and I Heard tales of grandparents survival of Depression… It is way past time to wake up to a desperate reality and for a certainty, THAT ‘depression’ truly was a “Cake Walk’ -vs.- what is to come as fruits of all the above, all the “SELL-outs” ( NOT aka “BAIL”outs ) that have come over the past 10 years already – by the way, this includes our ‘FREE’ Speech and voting rights as McCAIN was an instrument played for the McC-Feingold “TUNE” as well.
We do NOT fall to “LEARN” to pick ourselves up – its because the forces of nature WILL ALWAYS WIN and pull us DOWN, again and again until we die. The Tragedy is there are really satanic humans and entirely destructive, evil forces that are utterly WORSE than Gravity, etc… THEY W-A-N-T you “DOWN” – and without conscience, will stop at NO-THING and for NO-ONE, TO KEEP YOU (ALL OF “US”) DOWN UNTIL YOU ARE USELESS TO THEM – then, kill you until you are ? ? ? ?
March 22nd, 2009 at 4:09 pm
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