IMF: Global Recession Worst Since Great Depression

by | Apr 23, 2009 | Headline News

Do you LOVE America?


    The Intenrational Monetary Fund, on wednesday, said that we are in  “by far the deepest global recession since the Great Depression,” and the pain won’t stop this year.

    “We can be fairly confident that in 2010 or even 2011, economies will not be back to normal,” said IMF chief economist Olivier Blanchard. “Which means that governments should today basically think at least about contingent plans for infrastructure spending. … Next year will be too late.”

    “The global downturn guarantees that countries all over the world will be hit with extraordinarily high unemployment rates,” Sinai said. “And, with the tremendous number of unemployed people comes the possibility of political unrest.”

    “All corners of the globe are being affected.”

    Pay no attention to the warning signs. According to some experts, we are in a bull market because stock markets around the globe have been moving in the upward direction for the better part of the last 6 weeks. This is the time to buy, buy, buy!


    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles


      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.


      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.