Current Headlines

Vigilant Citizen: Illuminati Videos Update Vigilant Citizen examines two recent music videos aimed at teens and pre teens, Willow Smith’s “Whip my Hair” and Rihanna’s “Who’s That Chick”, and finds both filled with Masonic symbolism and dark, subliminal messages More ...
A Turning Point Quietly Reached Meir Kahane, whose followers celebrated his genocidal ideas in the streets of Umm al Fahm only the other day, would be dancing with delight at the way things are turning out More ...
A CCTV Fuss About Nothing? Transcripts from the 7/7 Inquest reveal more questions than answers about how police knew what they did and when More ...
Sanctions on Iran aren't working, diplomat says New sanctions on Iran aren’t having the desired effect, according to an unnamed European diplomat More ...
The Yemen Hidden Agenda: Behind the Al-Qaeda Scenarios, A Strategic Oil Transit Chokepoint After the “crotch bomber’s” appearance late last year, Yemen has been in the forefront of activity in the “War on Terror”. William Engdahl looks at what may be the real reason behind the interest in this desolate part of the Arabian Peninsula More ...
Word From Ned Dougherty Nov 1, 2010 In 1982 Ned Dougherty survived a transformational Near Death Experience. Ever since he’s been receiving messages that have great relevance to today’s events with the latest being of special relevance to children and the young More ...
Nick Kollerstrom: The Jaguar at Luton Not many will believe that an Al-Qaeda operative drives a Jaguar. Especially one who acts as a ‘minder’ to four unwitting ‘patsies’. But as we shall see, on 7/7 there is evidence of just such a ‘minder’ guiding four ‘patsies’ to their deaths More ...
Richard C. Cook: Heaven and Hell on Earth Under the delusion of ego, the controllers believe they are God. This is the definition of “Satanic” and points to the original rebellion of “the one who fell.” This Fall opened the door in turn to the Fall of Man More ...
Printer friendly version Posted 15/05/2010 Email this article to a friend

Soros sees no bottom for world financial "collapse"

Reuters – May 14, 2010

Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.

He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.

"We witnessed the collapse of the financial system," Soros said at a Columbia University dinner. "It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."

His comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama.

Volcker said industrial production around the world was declining even more rapidly than in the United States, which is itself under severe strain.

"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.

(Reporting by Pedro Nicolaci da Costa and Juan Lagorio; Editing by Gary Hill)

Source: www.reuters.com/article/newsOne/idUSTRE51K0A920090221?sp=true

Printer friendly version Email this article to a friend

Last updated 18/05/2010

Homepage

Essential Reading for Newer Readers

Important Announcement: General Ivashov: “International terrorism does not exist” Gen. Leonid Ivashov was Chief of Staff of Russian armed forces when the 9/11 attacks took place, but he says, they weren't carried out by Osama or al-Qaeeda. The most likely culprits, says the General, were transnational mafias and international oligarchs More ...
Adam Weishaupt The founding of the Illuminati and one of the key players behind the genesis of the New World Order More ...
Fake Terrorism: The Road to Dictatorship Throughout history "terrorist" acts have been carefully staged and used to further the power of the ruling elite. In the light of the latest "terror" plot we repost an old favourite as a reminder More ...
The Marijuana Trick Doug Yurchey looks at the history of Hemp and the real reason why it is now illegal. As with so many other things, we've been sold a lie to maximise the profits of a few More ...
The Life of an American Jew in Racist Marxist Israel Part I Jack Bernstein was a rarity, an American Zionist who 'returned' to Israel, not for a holiday but to live and die in Israel building a Jewish nation. What makes him almost one of a kind, however, was his ability to see through the sham of Zionism More ...
The Man Who Would Be King . Some say that Prince Michael of Albany has a more legitimate claim to the throne of England than the Windsors. Are they right? And why are the Windsors and the mainstream media delberately ignoring him? More ...
Coming Clean Chemtrails are not the product of some 'Conspiracy Theory'. They are real. We get the low down from an aircraft mechanic who has done his own investigating More ...
Essential viewing: Dov Zakheim 9/11 Mastermind Video Using legal injunctions, Dov Zakheim’s lawyers forced this website to remove an article we posted with the same title; which tells us he may have something to hide. Seems like others also think so as this video indicates. Watch it while you still can More ...
America Before Columbus Could it be that certain powers have a vested interest in keeping our real history under wraps? Because a great deal has been unearthed which is completely at odds with conventional notions regarding the origins of what we know today as America More ...
Rixon Stewart: Two Minutes to Midnight The clock is ticking toward war, domestic clampdown and the long foretold appearance of a “dark messiah”. And guess what? We think we’ve spotted him More ...
Recomended Reading: Reincarnation and the Early Christians Reincarnation was an integral part of early Christianity (as was strict vegetarianism. Ed.). Near Death.com explores what it refers to as the "secret teachings of Jesus" and how all traces of it and Christian Gnosticism were later erased More ...
The Unspeakable Truth of 9/11 The 'dots' you are not supposed to connect... More ...