World Bank president: 'One shock away from crisis'

18 Apr 2011 14:06 #1 by BearMtnHIB
Are you ready for what's about to happen? Everyone should at least stock up on some basics like.... FOOD!

Here's the quote today from the President of the World Bank....

The president of the World Bank has warned that the world is "one shock away from a full-blown crisis".
[url]
http://www.thetotalcollapse.com/world-b ... om-crisis/ [/url]


Oh- and in other news-

In a move that surprised and rattled the financial markets, S&P said it was cutting its long-term outlook on America from stable to negative.

The ratings agency said it was taking the step because the US had, in comparison to other nations given the coveted AAA rating, "very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us".

Source
http://www.guardian.co.uk/business/2011/apr/18/us-economy-credit-rating

The warnings are all around us.

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18 Apr 2011 14:15 #2 by Martin Ent Inc
I have stated this for quite awhile.

All you have to do is look at econmic trends and what the real investors are doing.

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18 Apr 2011 14:26 #3 by BearMtnHIB
Big rush into gold and silver today.

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18 Apr 2011 14:29 #4 by Martin Ent Inc
I listen to a few well to do older people and I have done what they said as I see what they have predicted is unfolding.

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