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Barack Hussein Obama “I think when you spread the wealth around, its good for everybody.”

Archive for the Category ‘Africa’

South African experiences double dip or depressionary economy

South African experiences double dip or depressionary economy

“The major risk facing the sub-Saharan economies is that the world economy could experience a double dip or economic stagnation,” the study says.

Share International Magazine has been publishing on the first page, since 1988, this prediction: A worldwide stock market crash would occur, beginning in Japan. As we have seen, the bubble in Japan [...]

World Bank Going Bankrupt: Zoellick

World Bank Going Bankrupt: Zoellick

By Edmund Conway, Economics Editor in Istanbul
The World Bank is close to running out of money, its president, Robert Zoellick, has disclosed.
The Bank, whose job it is to support low-income countries, has had to hand out so much cash in the wake of the financial crisis that its resources could run dry within 12 months.
“By [...]

Factual news about the coming economic depression

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