Thursday, October 2, 2008

What will the World do?

http://www.guardian.co.uk/business/2008/oct/02/europeanbanks.europe


It's a world wide situation
Created by the "Powers that be"
"WE" must arise as ONE great "PEOPLE"
And shut down the"SYSTEM" we see
No common sense of evidence
From the GOVERNMENTS do we see
But just an escalation
From the constant aggravation
Of ALL who would have it be
The enslavement of the world
And the worlds "PEOPLE" living in poverty!


A group of leading economists today called on EU leaders to mount a coordinated Europe-wide rescue operation for the continent's banks to prevent a "once-in-a-lifetime" crisis spiralling out of control.

The 10 economists, including Willem Buiter, a professor at the London School of Economics and a former Bank of England rate-setter, warn that Europe faces a repeat of the 1930s, with the savings of hundreds of millions threatened unless governments act together.

Their "call to action", published by the DIW institute in Berlin, comes as France summons British, German and Italian leaders to an emergency summit in Paris this weekend to draw up a common response to the financial crisis.