World on course for next crisis, warns Gordon Brown /The global economy is heading towards another meltdown despite the lessons of the last financial crisis, Gordon Brown has warned. 
For the past 3 years since this blog came to life, I have written many an article, and posted many a video on the coming Global Economic and financial Collapse. The reason this collapse has to be Global, has to worldwide, is because every nation is now inextricably connected to the current financial system which has taken shape since World War II. This fact was recently confirmed by insider elite, and former PM of Great Britain, Gordon Brown who is warning that the 2008 financial crisis was only a preview, a trailer to the full length movie of the real worldwide Economic collapse that is yet to transpire. Here's what PM Brown had to say: "The former prime minister said that unless leaders take more action, the recent credit crunch could prove just the "trailer" to a string of crises."In 2008, when we were hours away from ATMs running out of money, small businesses being unable to pay their staffs, and schools and hospitals closing down through lack of cash flow, it felt as if the crisis of the century was upon us," he wrote in US magazine Newsweek. "But if the world continues on its current path, the historians of the future will say that the great financial collapse of three years ago was simply the trailer for a succession of avoidable crises that eroded popular consent for globalisation itself."
And the following quote from the same UK Telegraph article is by another inside financial analyst:
"They fear "with good cause" that if Greece has to restructure its debt - effectively default - it could unravel a chain of trades based on the problematic debt and lay bare the interconnectedness of institutions around the world, said Stephen Lewis, an analyst at Monument Securities."
No comments:
Post a Comment