Wednesday, October 1, 2008

The Global Solution to the Wall Street Crisis

Wall Street in Crisis

From Gary Kah of Hope for the World:

On September 15th, Lehman Brothers, one of this nation’s oldest and most prestigious banking firms filed for Chapter 11 bankruptcy. This represents the largest financial failure in U.S. history and will produce enormous ripple effects. It will impact our economy and markets more than any of the other negative financial developments of the past year. Why? Lehman owed its creditors a staggering $613 billion....

...Once the current system has become completely undone, I believe a new system will be proposed as the solution. It will include some form of global government based on regional economic arrangements, similar to the European Union and the proposed North American Union. Global planners have long understood there can’t be a new one-world system until the old order has failed. Developments in the U.S. will most certainly impact the entire world.

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