World Coming To End? Wouldn’t It Be Wild If It Was??

Posted on January 22, 2008
Filed Under commentary |

Since World War 2, the world has feared that it would meet its end under a nuclear induced mushroom cloud.

Turns out the end may come as a result of the current so-called subprime mortgage debacle.

The subprime mess has caused credit markets to tighten up, banks and other lenders to shed CEOs along with profits, and stock markets around the world to virtually collapse…or seem like they are doing so at any rate.

Across Asia today, stocks took a nose-dive. More and more investors think the U.S. is on a collision course with recession.

George Soros, the Billionaire investor tells Reuters the world is “facing the worst financial crisis since World War Two.”

Said Soros : “We really do have a serious financial crisis now,” Those remarks made to an Australian newspaper.

Talk about understatements.

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