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WORLD FINANCIAL/ECONOMIC CRISIS - PART 2.....

Received from a mate of mine in Woking who works for one of the Financial Institutions.

Might I respectfully suggest that everyone battens down whatever hatches they have left whilst a combination of higher global inflation, reduced public spending and increases in interest rates take their toll..

It is starting to build now, but I am reliably informed that the back end of 2010 and all of 2011 will make for an even more severe downward spiral across the world economy.


Also THESE PEOPLE are cooking the books.

It looks bad, infact it looks really bad.

It is bad, and to stop it getting worse we need people to stop moaning about all the cost cutting that needs to be done.

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IDFIMH

well the stock market collapsed today because they think the banks are about to default on some of the low cost loans that were part of the bailout !!!!!