7 Oct 2011

"Financial Meltdown 2 to 3 Weeks" - IMF Advisor


We have had harsh words for the BBC about the lack of coverage since the beginning of the economic crisis over the last few years. We are glad they have recently, at the eleventh hour by all accounts and perhaps too late so still a big fail, we are glad they have recently bothered a little. Robert Shapiro who advised Presidents Clinton and Obama and who currently advises the IMF predicts a cascading meltdown of the World's banking system starting with Sovereign debt in the Eurozone, affecting the UK then finally bringing down the global banking system.

Bank of England's QE2 may reach £500bn

The Bank of England may have to inject as much as £500bn (approaching half the size of the economy) into the economy to rescue Britain's faltering recovery, economists warned after the central bank shocked markets by restarting its money printing programme. Report by the Telegraph, click here for full story.