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July 7th, 2012 
FAKE NEWS for the Zionist agenda - Christine Lagarde says growth will be weaker than predicted
- Bank of England tells banks to keep more reserves
- Washington releases disappointing employment figures
- Spanish bonds return to perilous 7% rate
By
Hugo Duncan
15:01 EST, 6 July 2012
|
17:29 EST, 6 July 2012
Fears over the global economy intensified yesterday as the escalating crisis in the eurozone took its toll on the rest of the world.
The International Monetary Fund said the situation has deteriorated in Europe and America as well as in emerging markets such as China, India and Brazil.
Christine Lagarde, managing director of the IMF, said growth around the world will be weaker than the 3.5 per cent predicted just three months ago.
Warning: Christine Lagarde, left, the head of the IMF, says the eurozone crisis has escalated.The Bank of England, headed by governor Sir Mervyn King, has told UK banks they need to keep more money in reserve to shield them from the crisis
It came as the Bank of England warned that UK banks needed to keep more money in reserve to shield them from the euro crisis.
The Financial Policy Committee, the
Bank’s risk watchdog, said it was concerned that in the event of ‘severe
but plausible’ developments in the debt crisis ‘some UK banks could
face large losses’.
Miss Lagarde said: ‘The outlook has,
regrettably, become more worrisome. Many indicators of economic activity
– investment, employment, manufacturing – have deteriorated.
‘And not just in Europe or the United
States. Also in key emerging markets: Brazil, China, India. For make no
mistake: this is a global crisis. This crisis does not recognise
borders. This crisis is knocking at all our doors. No one is immune.’
The warning came as figures in
Washington showed just 80,000 jobs were created in the US last month,
far fewer than expected – leaving unemployment at 8.2 per cent of the
American workforce.
Experts have warned that the eurozone crisis will have international impact
Chris Williamson, chief economist at
research group Markit, said: ‘The US recovery has slowed. Much of this
can be attributed to the eurozone debt crisis, which is clearly having a
growing impact on business sentiment around the world.’
The crucial ten-year bond yield in
Spain – the amount the government in Madrid pays to borrow – soared
back above seven per cent into the danger zone that triggered bailouts
in Greece, Ireland and Portugal.
It is feared that the £80billion
rescue package agreed for Spain’s broken banks is merely a prelude to a
full-blown bailout of the state. Cyprus has also asked for emergency
funds.
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Communism was eventually consigned to the dustbin, let’s hope Euro socialism goes the same way..!!
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I hope the Euro collapses soon. I’ve already bought my Drachmas for my holiday in Benidorm next month from the bloke down the pub.
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At the same time as they are saying we cannot keep growing and stripping the earth of her assets they are saying that low growth is a bad thing. While we would all be happy with the same standard of life as last year the stock markets and banks drive us all into growth so they can increase their dividends and continue to pay bonuses.There needs to be a fundamental change in the financial systems to stop them controlling and hurting us.
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If Mme. Lagarde is not long gold and platinum, I would be surprised. The Eurozone is on life-support, and it is plain to anyone reading the tea leaves. I don’t wish it so, but it is inevitable. C’est la vie.
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Christine Lagarde is a fear monger. Her wages will not go down, nor will the wages of the worldwide causers of this so called crisis. Devalue the money we have in the banks, give the banks a bailout, again, and leave the saving accounts of the poor without money. Ms Lagarde will not guard your money, she will waste its value.
The IMF has lent money to poor countries, until they could not pay, now the IMF is the owner of those counties, and all they produce goes to the IMF.
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Christine Lagarde should begin paying tax on her considerable income before pontificating to the rest of us……..
– VaseyRoyston, UK, 7/7/2012 0:21 In each of the 188 countries in the IMF?
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Christine Lagarde should begin paying tax on her considerable income before pontificating to the rest of us……..
– VaseyRoyston, UK, 06/07/2012 11:21 PM
Which country would she pay her tax to?
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The emerging markets Brazil, China, India are the ones who have the biggest to lose in this crisis. They are the exporters to the west. If the West doesn’t want to buy their products then their economies collapse will be that much greater. Remember after WWI when we had a false dawn with the coal industry and we lost our export markets to Germany, whose industry had to keep going and invested in to export their goods to pay reparations for the war. Our industry was starved of investment capital while the German industry who had an export market enjoyed investment. An even better example would be the US who decided to become isolationists and rely on their own industries.
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everything is orchestrated by the central banks to create a depression, then they step in with the ‘solution’, its their way of setting up the new world, order out of chaos
– james, edinburgh (the NWO – coming to a country near you), 6/7/2012 22:32 The NWO is nothing more than a conspriracy theory, originated and spread by the extraterrestrial reptiles to divert attention away from their master plan to take over the planet. Are you a reptile, James? Soon momey will not have any importance whatsoever. What use is money to slaves?
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No curves?
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