Corrupt Politicans and Jew bankers


Is anyone paying attention to the "money markets" in the U.S. and all over the world, or is everyone just having their backyard cookouts and drinking their Miller low-life? Anyone paying attention to a lesser amount of product for the same price as the same old larger product?


I do believe that if the tens of millions of idiots who are just strolling down the streets, totally unaware of all that is going on around them .... suddenly pulled their heads out of their ass at the same time, the loud sound in itself would scare the majority of the corrupt politicians and Jew bankers to death who allowed this massive financial crisis to take place in the United States.
Dr. James P. Wicktrom, D. Litt.

Former IMF Adviser: As Bad As Great Depression

Wednesday, July 8, 2009

By: Elaine Barr

Contrary to what many economists think, the economic crisis is the worst since the Great Depression, and the downturn has been even more severe in many other parts of the world than in the United States, said Barry Eichengreen, a former senior policy adviser at the International Monetary Fund.

The crisis has highlighted the growing importance of major emerging-market economies, such as Brazil and China, Eichengreen told Bloomberg Markets.

What’s more, the resilience and stockpiles of currency reserves of these economies will make them a “force to be reckoned with” in any debate over global finance, he said.

“This is the first time we’ve had a major global economic slowdown from which they have not suffered disproportionately,” Eichengreen said. “They have skated through as a group more successfully than the advanced countries because their fiscal policies have been stronger. And their regulation of markets has been tighter.”

Eichengreen cited one exception to this: Eastern Europe.

“They have lived beyond their means and now they’re paying the price,” he said.

The determining factor of how much influence an emerging nation will have in shaping global finance is whether it depends on other countries to finance its current account deficit, Eichengreen said.

China, he said, does not.

What China and the other BRIC nations do have is a big war chest of international reserves.

“They have made clear that they want a voice in these discussions, and they’ll have one. …,” Eichengreen said.

In its April World Economic Outlook report, the IMF predicted that developing economies will probably expand 1.6 percent as a group this year and 4 percent in 2010. By comparison, developed nations will contract 3.8 percent in 2009 and have zero growth next year.

According to EPFR Global, investors poured a record $26.5 billion into developing nation stock funds in the second quarter, with China receiving $3.8 billion.

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