Risk of Global Financial Disintegration Within Days
By Mike Adams, October 6, 2008 | Key concepts: Financial system, Banks and Federal Reserve
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The $850 billion bailout didn't work. A credit crisis faces banks around the world, and financial institutions are plunging into the financial abyss. Just today, the Fed created another $900 billion in liquidity in an attempt to ease the crisis. Can the global financial system be saved at all? Remarkably, gold prices are actually DOWN today.
From Telegraph.co.: We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.... more
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