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Saturday, 17 December 2011

IMF's Christine Lagarde: Global Economy Could Confront Great Depression-Style Threats


For many a year now we have built our financial worlds foundation­s on a bedrock of false promises by giving people everything they believe their heart desires. The mere fact that countries cannot come to any agreement other than to state the obvious,th­at they need billions of Euro`s to bail them out.



This then goes to prove that they are still blind to the fact that the more they borrow to build the Euro Zone Foundation­s on and then daily try to coax people to spend more, the deeper the debt mountain becomes and sooner rather than later the sheer weight of debt will crush any chance of any financial form or resolution to this crisis.



Then eventually any form of foundation­s will not support just the Euro Zone but the whole of the financial world and we will have that great depression­, without any hope of getting out of it.
Read the Article at HuffingtonPost