World Financial Crisis Update 10 March 2009

USA
Buffett: crisis is an economic Pearl Harbor

China and US in high seas standoff
Chinese 'harass' US Navy surveillance ship, Pentagon says

Obama Told To Let Banks Fail

Oil Edges To $50 Ahead Of OPEC Talks

Roubini: Recession could last 36 months Says solution: Fix housing market by breaking 'every mortgage contract'


UK
UK Savings Rates Lowest Ever

UK Unemployment To Hit 3.2 Milion

UK Mortgage Lending Dives 43% In January

British Home Prices Fall Again


The Rest of the World
Plunging World Assets Lose $50 TRILLION Dollars

World Stocks Sink Amid Economy Fears

Eurozone In Total Catastrophe

Summers - World Economy Needs Demand Agenda

Overvalued euro set to plunge `within months`

Thanks to the Bank it`s a crisis; in the eurozone it`s a total catastrophe

Japan's Nikkei Hits 26 Year Low

Japan Record Current Account Deficit

China £35B World Expo - Foreign Companies Not Going

Economic And Financial Systems Deliberately Destabilized

Posted: February 11 2009

...devaluation continues, destabilization of the system continues, no-one is trying to save the economy, fear keeps many from seeing and saying the truth,many unemployed already out of benefits, names of those who will benefit from stimulus remain undisclosed, trillions out the back door...

There has been, as we said for the past couple of months, secret issuance of US Treasuries by the Treasury that has ballooned the money supply and that should start to show up in higher inflation in March or April...Our entire economic and financial systems have been deliberately destabilized. No collapse has occurred, but collapse is in motion. The financial and economic collapse is ongoing as witnessed by raging unemployment and massive bailouts...

The powers that be are not trying to save the economy. They are extending the timeline, so that total collapse will come when they want it to come. Do not underestimate what is going on. This could well he the worst financial and economic collapse of all time. This is the creation of synchronized stimulus, deficits and reflationary policy making...

Massive government spending and reflation is not going to work, history tells us that. One thing that we know for sure is that it could take more than 20 years to recover from this crash...

Read the entire articl: Econ & Finan Systems Deliberately Destabilized