The worst is still to come?

[Abyssal_Worm]

http://www.reuters.com/article/ousiv...21695020080819

"The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday."


"We're not just going to see mid-sized banks go under in the next few months, we're going to see a whopper, we're going to see a big one, one of the big investment banks or big banks, said Rogoff, who is an economics professor at Harvard University and was the International Monetary Fund's chief economist from 2001 to 2004."

Sounds like something potent for crunch time in the election. This, along with Iraq, looks to be the main focus this fall. Odd thing though, neither candidate strikes me as the "I know what to do to fix the economy" type.

[Justice]

As i see it we have 4 main things that may lead to economic meltdown

WWIII
H5N1
Globla Warming
Peak Oil (If true)

But things are so bad that the economy does not need any of the above it's crashing on it's own.

Argentina is a good example of whats coming and you can see a vid about it here

it's not all gloom ! watch number 12 and you will see they managed to kick all the parasites out and are rebuilding the economy.