
Ballooning losses in the American financial markets have reverberated sending jittery behaviour across the globe, investors are falling over themselves to shore up their investments and minimize damage. The tact of American financial speculators packaging bankable convertible collateral and presenting them to foreign investors through robust markets had caught on in the late 21st century. The damage unleashed over the overpriced mortgage lenders capabilities to push on has been defied by the weak dollar, rising energy prices causing many to default or fall short of loan payments which proved ever expensive. As the world struggles with the credit crunch, globalization architects are standing to witness how the shock waves of the overlinked, overglobalised western banking giants facilitating all these investments are behaving in the surging international waters. The warning by Nobel peace Laureate Former World Bank Vice President, Chief Economist Joseph Stiglitz to reverse the IMF and World Bank trend spearheading a drive to promote privatizing, from utilities to anything in the third world only to turn to the rich countries in the recent past to feed the predatory globalization thirst. The greed arising from such working is not ending now because it’s turned against the creators and the unfairness of the whole project is helping solve the equation for our western cousins.
Despite all that no correction will be made, World Bank and IMF globalist doctrine betrays a focused agenda to deliberately foment economic turmoil, riots then economic bondage to eternal debt. www.prisonplanet.com/jones_report_110402_palast.html
The Federal reserve is owned by part of families owning bank of England created WB and IMF to fleece off real assets of third world that take their loans at up to 42% interest, so these world loan sharks take up all water, utilities and infrastructure and then hand them to the private sectors. Offcourse financed the global giants scavenging around to own everything. Globalization is like a lion on rampage.
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