Skip to comments.World Entering 'Dangerous New Phase': Lagarde
Posted on 09/09/2011 2:47:57 PM PDT by george76
Christine Lagarde, the managing director of the International Monetary Fund, warned that the global economy is entering a "dangerous new phase" on Friday, ahead of the G7 summit in Marseilles, France.
"The world is collectively suffering from a crisis of confidence, in the face of a deteriorating economic outlook and rising concerns about the health of sovereigns and banks."
Her speech at Chatham House in London came after a turbulent week for the markets, with the focus on sovereign debt issues
(Excerpt) Read more at cnbc.com ...
Wars are fought over such things as currencies and trade.
For whatever reason, the link isn’t working.
“Wars are fought over such things as currencies and trade.”
Absolutely; we’re heading towards “Mad Max” stuff (in other words, sub-Saharan Africa levels of stability).
If one has not figured this out, one is clueless.
Johnny Suntrade, the Suntrade Institute
Democrat presidents start or accelerate wars to maintain their own power.
I don't see Obama doing this, but Clinton on the other hand. Kosovo was a classic!
As posted earlier, one of her more disturbing characteristics is her apparent authority.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.