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Celebrating Ten Years of FLYing!
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This Week in BlogTalkRadio, 11/30-12/6
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In the Bill of Human Rights of Cyrus the Great, we read:Freedom and tolerance of thought, speech, religion; choice of place of residence, coming and going, jobs and professions, will be on equal terms and conditions for everyone.No inquiry, injustice or harassment is allowed to be done to anyone.In this way Cyrus says that I have sown the seed of amity, friendship and affection among nations and have granted the people peace of mind, security, tranquility and comfort. From Cyrus the Great, King of Iran, sixth century B.C. http://www.youtube.com/watch?v=bGRwzAlQbXE&feature=related toxic skies 10 PARTS EVERY ONE MUST SEE PASS IT ON. http://www.blogtalkradio.com/EAGELS-OF-USA1- The alternative 'Patriot' news world is thoroughly penetrated and controlled by agents and operatives... from talk shows and net sites, to documentary producers and columnists. Beware
Date / Time: 2/22/2009 9:16 AM UTC
NEW YORK (Reuters) - Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.
Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.
He said the bankruptcy of Lehman Brothers in September marked a turning point in the functioning of the market system.
"We witnessed the collapse of the financial system," Soros said at a Columbia University dinner. "It was placed on life support, and it's still on life support. There's no sign that we are anywhere near a bottom."
His comments echoed those made earlier at the same conference by Paul Volcker, a former Federal Reserve chairman who is now a top adviser to President Barack Obama.
Volcker said industrial production around the world was declining even more rapidly than in the United States, which is itself under severe strain.
"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," Volcker said.
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