Global Pulse: A Perfect Economic Storm

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(February 1, 2008) Is it possible that a single day without America's financial might could result in a world economic fiasco? No, not unless you add in the ongoing mortgage crisis and a spectacular bank fraud in Paris. Investors worldwide are being advised to batten down the hatches - its a perfect economic storm.
SOURCES: ABC News, The Daily Show, U.S.; KBS Korea; BBC, U.K.; Deutche Welle, Germany; TV5, France; Russia Today, Russia.

Channel: News & Politics
Uploaded: February 8, 2008 at 8:53 pm
Author: linktv

Length: 00:04:51
Rating: 4.60
Views: 2203

Tags: linktv globalpulse economy federal reserve stock market sub-prime mortgage societe general kerviel

Video Comments:
yahoovisitor (September 18, 2008 at 3:27 pm)
Fake inflation of basic items of everyday life is being created, but the human life for which all this is being done seems to be of no price or having no value. Daily hundred thousands of human beings are losing life by different ways. Isnt it possible by United Nations, G-8 or some International Human Rights Commission to work out a formula of basic human rights & needs of life & implement it to end this situation of chaos ending in extremism or terrorism by unaccountable no of ways nowadays?
tomfromeur (September 24, 2008 at 6:20 pm)
reply to yahoovisitor:

Sorry, but the reality is that United Nations, G-8 and all the other International Human Rights Commissions do not care about people or human rights - even though they claim they do. So, my word of advice is to do whatever necessary to live where is safer.
reyrecks (February 14, 2008 at 11:25 pm)
getting rid of the federal reserve....
shiryuuclone (June 7, 2008 at 9:23 am)
and that in turn will help with ?
tomfromeur (September 24, 2008 at 6:26 pm)
reply to shiryuuclone:

well, then we would need to get rid of the IMF, NAFTA and others... but, you know, it will never happen. But if it would, then it wipes out hundreds of millions of people dying into hunger. We do not want that, or do we?
LouisPaquette (February 11, 2008 at 6:46 am)
Years.
roserover (February 15, 2008 at 6:54 am)
It is beginning to hit the McMansions now ... whoa, hold on!
Puzzoozoo (March 19, 2008 at 4:18 pm)
Trouble is at the end it, it runs smack into the brick wall of Peak Oil.
roserover (February 10, 2008 at 7:27 pm)
How long do you think it will take the US and the world to dig out of this financial mess?