World Bank Says Collapse Has Arrived - The Age, Australia

peaceandlove · 03-10-2009, 02:25 AM

World Bank Says Collapse Has Arrived

Peter Martin
March 10, 2009

Melbourne in 2009 and in 1945 - feeling the flak from Asia. Digital Image: Mick Connolly.

THE World Bank has broken a taboo, becoming the first official organisation to predict the global economy will shrink during 2009, to collapse for the first time in more than 60 years.

A previous forecast from the International Monetary Fund predicted global growth of just 0.5 per cent this year, something it described as a recession but "still positive".

Article continues: http://business.theage.com.au/busine...0309-8taj.html

Don't Panic! World Bank - even THEY say Collapse has started

Listen to Commentary by Mike from Fever I Am on youtube. I can't verify his information is accurate, but most of the articles he commentates on are very significant.

Video (first three minutes) (10:16): http://www.youtube.com/watch?v=4vZBb...e=channel_page

Humble Janitor · 03-10-2009, 12:55 PM

It doesn't matter what they say anymore. They can continue to scare us with their "predictions" but in reality, THEY caused this mess. It is the financial equivalent of 9/11.

There will be no negative reaction and certainly no "solution" this time around.

We're not gonna get fooled again this time around.

03-10-2009, 02:25 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	World Bank Says Collapse Has Arrived - The Age, Australia World Bank Says Collapse Has Arrived Peter Martin March 10, 2009 Melbourne in 2009 and in 1945 - feeling the flak from Asia. Digital Image: Mick Connolly. THE World Bank has broken a taboo, becoming the first official organisation to predict the global economy will shrink during 2009, to collapse for the first time in more than 60 years. A previous forecast from the International Monetary Fund predicted global growth of just 0.5 per cent this year, something it described as a recession but "still positive". Article continues: http://business.theage.com.au/busine...0309-8taj.html Don't Panic! World Bank - even THEY say Collapse has started Listen to Commentary by Mike from Fever I Am on youtube. I can't verify his information is accurate, but most of the articles he commentates on are very significant. Video (first three minutes) (10:16): http://www.youtube.com/watch?v=4vZBb...e=channel_page Last edited by peaceandlove; 03-10-2009 at 02:52 PM.

03-10-2009, 12:55 PM	#2
Humble Janitor Avalon Senior Member Join Date: Sep 2008 Posts: 3,201	Re: World Bank Says Collapse Has Arrived - The Age, Australia It doesn't matter what they say anymore. They can continue to scare us with their "predictions" but in reality, THEY caused this mess. It is the financial equivalent of 9/11. There will be no negative reaction and certainly no "solution" this time around. We're not gonna get fooled again this time around.