Central bank body warns of Great Depression

Looks like the banking cartel has created an array of excuses for collapsing the world economy, and now they are amping up the rhetoric and propaganda about the oncoming depression. - Bruno

June 9, 2008

by Gill Montia
Central bank body warns of Great Depression

The Bank for International Settlements (BIS), the organisation that fosters cooperation between central banks, has warned that the credit crisis could lead world economies into a crash on a scale not seen since the 1930s.

In its latest quarterly report, the body points out that the Great Depression of the 1930s was not foreseen and that commentators on the financial turmoil, instigated by the US sub-prime mortgage crisis, may not have grasped the level of exposure that lies at its heart.

According to the BIS, complex credit instruments, a strong appetite for risk, rising levels of household debt and long-term imbalances in the world currency system, all form part of the loose monetarist policy that could result in another Great Depression.

When will the "big crunch" come? Are you getting prepared?

I get the question frequently: “WHEN will the big crunch come?” Today I received via email from 9/11 researcher Nila S. the following prediction: “brace yourselves: The next major False Flag op’s just round the corner... They must—and will—strike before September 11...”

Let me open that question up-- how would you vote? Dig out your crystal ball and indicate your predictions of the “likelihood” the big crunch will be noticeable by the general public (I put my guesses along side as examples):
1. August or September 2007 (30%, sorry Nila)
2. By the end of 2007 (40%)
3. By June 30, 2008 (60%)
4. By the 2008 election (Nov.) (80%)
5. By the end of 2012 (99.99%)
6. Go ahead -- add a date and your likelihood prediction:

Even a 30% likelihood is enough to get me going on preparing... What else can I say to persuade you to get to store up some food, water, and warm clothes (just a start)?