medbiller777
November 15th, 2007, 04:31 PM
The Bank of England Governor has issued an extremely unusual warning on world stock markets, indicating that shares may be heading for a major fall.
Mervyn King said the full impact of the credit crunch had not yet been felt on equity markets in the West and in developing countries, saying that the possibility of share price falls were one of the biggest risks facing the world economy.
His warning came as the Bank gave a firm indication that it plans to cut interest rates as many as three times over the next two years to protect Britain's economy in the wake of the credit crunch.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/15/cnking115.xml
I really think all of this is going to strike very quickly and globally. Which sets up a perfect scenario for a one-world currency and a one-world govt.
Mervyn King said the full impact of the credit crunch had not yet been felt on equity markets in the West and in developing countries, saying that the possibility of share price falls were one of the biggest risks facing the world economy.
His warning came as the Bank gave a firm indication that it plans to cut interest rates as many as three times over the next two years to protect Britain's economy in the wake of the credit crunch.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/15/cnking115.xml
I really think all of this is going to strike very quickly and globally. Which sets up a perfect scenario for a one-world currency and a one-world govt.