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Finance Crisis 'Could Lead To War', IMF warns
Daily Mail (U.K.) ^ | March 23, 2009

Posted on 03/23/2009 9:51:08 PM PDT by Steelfish

Finance crisis 'could lead to war', IMF warns

By KIRSTY WALKER 23rd March 2009

Dire warning: Dominique Strauss-Kahn says the global economic crisis could push millions into poverty

The global financial crisis could lead to social unrest and even war, the head of the International Monetary Fund warned yesterday.

Dominique Strauss-Kahn said that the billions already pumped into the world economy risked disappearing into thin air unless there is massive reform of the financial sector.

And he dealt a severe blow to Gordon Brown's plans for another debt-funded Budget giveaway by warning that the money might melt 'like snow in the sun'.

At a meeting of the International Labour Organisation, Mr Strauss-Kahn warned that the global economic crisis is 'dire' with the threat of millions being pushed into poverty.

The managing director of the global financial watchdog went on to warn governments against ploughing yet more fiscal stimulus into their ailing economies. He said: 'You can put in as much stimulus as you want.

'It will just melt in the sun as snow if at the same time you are not able to have a generally smaller financial sector than before but a healthy financial sector at work.'

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: ilo
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Code Pinkers will be back in play!
1 posted on 03/23/2009 9:51:08 PM PDT by Steelfish
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To: Steelfish

Democrat wars are different. They are okay for the country.


2 posted on 03/23/2009 9:54:42 PM PDT by Anti-Kenyan
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To: Anti-Kenyan

Yeah, even the ones they used to hate are okay, and they want to start one with us, too.


3 posted on 03/23/2009 9:55:40 PM PDT by Luke21
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To: Steelfish

That’s a significant part of the plot in Larry Bond’s book “Cauldron.”


4 posted on 03/23/2009 10:00:27 PM PDT by CodeMasterPhilzar (I'll keep my money, my guns, and my freedom. You can keep the "change.")
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To: Steelfish

Here we go again, Banks and GOvernments screaming about how BAD things are gonna get if we don’t give them more of what they want. So far we have (not willfully of course) but its not enough, they are stripping away our wealth, and its nto even going to any purpose! They are using this fear mongering to CREATE the thing they say they fear!

WTH? They think we aren’t paying attention?


5 posted on 03/23/2009 10:02:55 PM PDT by Danae (Amerikan Unity My Ass)
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To: JasonC
Just fear mongering or does it have an element of truth?

What is your take on this?

thanks

6 posted on 03/23/2009 10:04:39 PM PDT by Steve Van Doorn (*in my best Eric cartman voice* 'I love you guys')
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To: Steelfish
Sounds to me like the international level communists are setting up a line of B.S. for Øbama the milk cow’s upcoming representation at the G20.
7 posted on 03/23/2009 10:09:39 PM PDT by TLI ( ITINERIS IMPENDEO VALHALLA)
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To: Steelfish
If Obama were using FDR as a model a war might be one path to economic salvation. Defeating China would be one way of easing our debt. Maybe Obama could provoke them into attacking us by having his energy secretary threaten to put carbon tariffs on Chinese goods.
8 posted on 03/23/2009 10:09:50 PM PDT by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: Steve Van Doorn
It's nonsense. There already is war in some of the poorest places of course. And there may well be war in others, as men test Obama and his pacifism. But the economic crisis has nothing to do with any of it. If the boom were ongoing and commodity prices in the stratosphere, Iran gets nukes that much quicker, Russia gets that much stronger, etc.

Men are always seeking causes for the actions of evil men besides those evil men's own evil, and the moral weakness and inaction of better men or their leaders. It is a fool's errand. Evil men will do evil in good times or bad, whenever the fancy and the opportunity strike. And weak willed men will let them, whether because they feel too poor to do something about it or too well-off to care.

Prosperity and poverty are alike reasons not to act for the weak-willed, and occasions that require it from the strong willed. They thus have nothing proper to do with it. But there are men who will think anything rather than admit such blatant moral differences drive the world.

9 posted on 03/23/2009 10:09:59 PM PDT by JasonC
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To: Anti-Kenyan
By definition all wars started by Democrats are “good” wars;
Who knows, we may soon be seeing Øbozo in a flight suit standing on the deck of an Arab Dhow declaring victory over the infidels that tried to make his beloved Islam look like a bunch of barbarians instead of the peaceful multiculturists they really are.
10 posted on 03/23/2009 10:11:17 PM PDT by Larry381 ("in the final instance civilization is always saved by a platoon of soldiers" Oswald Spengler)
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To: JasonC
Thank you Jason:

But here is my fear.
The left believes that spending indiscriminately such as war can get us out of economic bad times. Do we have people in office evil enough to create an excuse for war to remedy ‘our problems’ for our greater good?

I know I am asking a hypnotically unknown but I just don’t know enough about our leadership right now to trust them.

11 posted on 03/23/2009 10:26:38 PM PDT by Steve Van Doorn (*in my best Eric cartman voice* 'I love you guys')
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To: Anti-Kenyan

I know nobody wants to imagine it, but I can see a scenario where food is used as a powerful weapon.


12 posted on 03/23/2009 10:31:10 PM PDT by smellmygunpowder
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To: Steelfish; Travis McGee; M. Espinola; Calpernia; All
I agree . . . /snicker.

Time for all of us to go to war against the

Bilderbergers,

Trilateral Commission,

Council on Foreign Relations,

Bohemian Grove Satanic Idol worshipers

World Trader Globalists, NAFTA Supporters, CAFTA Traitors

And other power hungry elitists.

just for starters. LOL, LOL !

13 posted on 03/23/2009 11:14:33 PM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: Steve Van Doorn
Do we have people in office evil enough to create an excuse for war to remedy ‘our problems’ for our greater good?

Is that rhetorical?

14 posted on 03/23/2009 11:22:43 PM PDT by Centurion2000 (01-20-2009 : The end of the PAX AMERICANA.)
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To: Centurion2000

not meant to be.


15 posted on 03/24/2009 12:11:18 AM PDT by Steve Van Doorn (*in my best Eric cartman voice* 'I love you guys')
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To: ex-Texan

please don’t twist this thread like that.


16 posted on 03/24/2009 12:13:28 AM PDT by Steve Van Doorn (*in my best Eric cartman voice* 'I love you guys')
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To: ex-Texan

The latest Geithner plan is a trillion dollar tax funded give-a-way to the very banking cabal which installed this frontman.


17 posted on 03/24/2009 1:07:57 AM PDT by M. Espinola (Freedom is not 'free'.)
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To: Brad from Tennessee
If Obama were using FDR as a model a war might be one path to economic salvation.

I'd encourage a march on Washington before a march on China under this scumbag, egg-sucking, n00b, commie pretender.

18 posted on 03/24/2009 2:27:23 AM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: Caipirabob
[. . . this scumbag, egg-sucking, n00b, commie pretender.]

Finally, I heard Dick Morris say on FOX News last night what everyone at FR already knows: Obama is sabotaging the economy in order to institute a communist system.

19 posted on 03/24/2009 8:37:17 AM PDT by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: ex-Texan

Kill the greedy Kulaks, eh comrade?


20 posted on 03/24/2009 8:55:57 AM PDT by Toddsterpatriot (Havoc has been back since September. Or was it April?)
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