A Complete Financial System Collapse Imminent: August 29th, 2010 http://investmentwatchblog.com/a-complete-financial-system-collapse-imminent/ Deputy Governor of the Bank of England, Bean, warns governments and Central banksters may have to provide more stimulus to prevent a complete financial system collapse: http://www.bbc.co.uk/news/business-11123774 Deputy Governor of the Bank of England say interest rates aren’t enough to stop a crash: http://www.guardian.co.uk/business/2010/aug/29/interest-rate-rises-inadequate-says-bean Goldman Sachs economists reckon US alone, needs $4 Trillion to $5 Trillion of quantitative easing: http://www.reuters.com/article/idUSTRE67R1KP20100828 Bank of Japan likely to meet Monday to ease policy in desperate attempt to keep economy afloat: http://www.guardian.co.uk/business/feedarticle/9241263 More Spanish spending cuts on the way: http://www.cnbc.com/id/38903175 Czech state plan to cut government staff: http://www.cnbc.com/id/38902439 UK government announces there will be no tax cuts at all for at least over 5 years: http://news.sky.com/skynews/Home/Politics/No-Tax-Cuts-For-Five-Years-Says-Chief-Secretary-to-the-Treasury-Danny-Alexander/Article/201008415708563?lpos=Politics_News_Your_Way_Region_5&lid=NewsYourWay_ARTICLE_15708563_No_Tax_Cuts_For_Five_Years_Says_Chief_Secretary_to_the_Treasury_Danny_Alexander Dubai government calls for 30% spending cuts: http://www.allvoices.com/news/6628718-dubai-government-will-call-for-spending-cut http://www.bruneinews.net/story/678215 Tesco UK to cut 2000 management jobs: http://www.thisismoney.co.uk/news/article.html?in_article_id=513170&in_page_id=2 UK building industry starts double dip: http://www.thisismoney.co.uk/news/article.html?in_article_id=513169&in_page_id=2&ct=5 Santander bank facing administrative meltdown: http://www.thisismoney.co.uk/savings-and-banking/article.html?in_article_id=513118&in_page_id=7&ct=5 Roche to slash jobs globally: http://uk.reuters.com/article/idUKLDE67S07K20100829 Greek government to impose new taxes as well as spending cuts http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748703579804575441211886016460.html American economy now already dipping down: http://www.thisismoney.co.uk/news/article.html?in_article_id=513111&in_page_id=2 Greek style austerity with tax increases and spending cuts set to hit most of the developed world including USA: http://globalslaves.blogspot.com/2010/08/greek-style-austerity-measures-new.html
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