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IMF warns of Great Depression
AFP
Tuesday, December 23, 2008
LONDON (AFP) — Britain edged ever closer to a recession on Tuesday and the IMF’s top economist warned of a second Great Depression, as stock markets awaited fresh US growth data in the hope of some Christmas cheer.
Britain’s economy shrank by 0.6 percent in the three months to September compared with the previous quarter, against a previous estimate of 0.5-percent contraction given last month, the Office for National Statistics said.
The IMF’s top economist, Olivier Blanchard, meanwhile said governments around the world should boost domestic demand in order to avoid a Great Depression similar to the downturn that shook the world in the 1930s.
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“Consumer and business confidence indexes have never fallen so far since they began. The coming months will be very bad,” Blanchard said in an interview with the French newspaper Le Monde.
“It is imperative to stifle this loss of confidence, to restart household consumption, if we want to prevent this recession developing into a Great Depression,” he added.
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16 Responses to “IMF warns of Great Depression”
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December 23rd, 2008 at 7:14 am
The top bods in the world are just FULL of good news, LOL !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Merry Crimbo to EACH & EVERYONE
December 23rd, 2008 at 8:01 am
blanchard, don’t you know that the grinch stole christmas, yea, he was last seen dressed as a banker !
http://www.youtube.com/watch?v.....annel_page
goldieshouse.piczo.com
December 23rd, 2008 at 8:12 am
We must at LIGHTNING SPEED Send this to every one you can(BEFORE IT’S TO LATE)!
http://www.ae911truth.org/flashmov11.htm
Sit your famly down over Christmas and have a heart to heart talk with them about what TRULY is going on. Every MAN & WOMAN that works for Gov,Military & Law Inforcment will be with some one that is awake to the facts. IT’S TIME TO STOP PLAYING GAMES WITH THE SHEEP.
Allso show them End Game,Loose Change Final Cut(The best),Terror Storm,Fabled Enemies,911 Chronicles, ALL FOR (((FREE))) I had to state that you can watch it all for free so the TROLL’S on here would not say I am selling Videos.
“TELL THEM OUR VERY LIVE’S DEPEND ON THEIR ACTIONS”
MERRY CHRISTMAS to ONE AND ALL
December 23rd, 2008 at 9:46 am
It’s fitting that it’s the IMF telling us that financial doom is coming. The synchronicity is outstanding! It’s sort of like when the “intelligence” community issued its little report about how in the future life on Earth will be indistinguishable from concepts of life in hell. It is perfect, absolutely prestine, that it is the “intelligence” community that is forecasting such. Again, what synchronity. When an axe murderer takes the microphone and says he envisions a future with blood splattered on the wall and a head in the freezer, should anyone be surprised? Should reporters treat such statements as news? Attention people you’re not going to believe this but army generals around the world dream of war every night! Stop the press! The umbrella manufacturers predict rain, too!
December 23rd, 2008 at 10:18 am
Cui bono? Who benefits from this? Of course the IMF wants this so they can “save us” (or really enslave us).
December 23rd, 2008 at 12:04 pm
Lets see. The Bankers cause the problem then fix it. Yea, it would have been nice if
they had not caused the problems to begin with. Just like the First Great Depression.
Lots of countries in depression then, and lo and behold WW II comes along and all gone.
Build Bombs and make lots of guns and blow things up then rebuild and lots and lots of dead
people.
Create the problem
then they “fix it”. They way the Bankers wanted it fixed. With a Big Bad War while they sit in
their Mansions counting all the money.
December 23rd, 2008 at 2:25 pm
Hey Olivier,
Could you be a little more specfic on what your bosses at bilderburg gang told you to say?
Are you on the cause panic team or the Hey sheeple here is your global solution of NWO team?
December 23rd, 2008 at 2:28 pm
GOOD WORK OLIVIER,
NOW GO BACK HOME TO WAIT ON YOUR NEXT PHONE CALL FROM B GROUP. BY THE WAY, WHICH TEAM DID THE BILDERBERG TEAM ASSIGN YOU TO? THE CAUSE PANIC GROUP OR THE NWO I HAVE A SOLUTION TEAM. YOU GUYS NEED TO CORDINATE YOUR PROPAGANDA A LITTLE BETTER OF SOMEONE MAY GET SUSPICIOUS.
December 23rd, 2008 at 3:09 pm
Duh Economics for Dummies and 7 PHDs from some sold out Oh my Goodness Ivy
League school I am so Great and “special and know everything” type. Slaves have no money to buy things caus Massa horded all the money.
Duh simple math 0+0 = can’t buy nothing
December 23rd, 2008 at 3:21 pm
Here is whats going down. To create demand, certain groups of people must acquire money. There are two ways that this could happen. #1: the superwealthy decide they do not really need all those billions for just one family, so they give 95% of their wealth to the population. #2: World War III commences, 3-6 billion people die, freeing up vast wealth, land, and gold. What do you think will occur?
December 23rd, 2008 at 3:39 pm
I think WW III. Because whenever you say War,war,war all this money falls from the sky
and then Massa starts building tanks and starts blowing things up and then massa’s friends
rebuild blown up place. The Magical Mystery War Bank only works when you say war, war
and more war. Say healthcare bank doesn’t work. Ain’t that something. WW I and WW II
it always works that way it’s amazing and so “mysterious”. Warburg WarBank
December 23rd, 2008 at 3:39 pm
IMF is just a part of the http://www.jewishcrimenetwork.com
December 23rd, 2008 at 4:30 pm
SOON IT WILL BE TIME TO CLEAN THE PLANET. THIS INCLUDES ALL MONEYCHANGERS, AND THOSE WHO SERVE UNDER THEM. THERE IS NO ESCAPE. TIME IS ON MY SIDE.
December 23rd, 2008 at 8:10 pm
Archangel.
are you making a reference to revelation?
I really hope you realize that the only way these people will be held responsible
is if we hold them responsible. If we don’t the only people that will be cleaned out is us
not them. Waiting on someone to do it for you is a recipe for disaster.
December 24th, 2008 at 2:59 am
George Hayduke, please don’t sully Jung’s concept of synchronicity with that subject matter.
December 24th, 2008 at 4:33 am
If people on mass gave up our almost religious belief in money,the powers that be would wither on the vine,as all would be forced to start having to grow their own food again and could not support a standing army to bully us, as they too would need to grow their own,i know it is idealistic,but ‘they’ are chomping at the bit for us to ‘take up arms’so ‘they ‘can put the next phase of the plan into action.your criticisms are joyfully appreciated,and a happy safe Christmas to you all.http://www.cuttingthroughthematrix.com/radio/Alan_Watt_CTTM_Live_on_RBN.html