Thursday, October 16, 2008

One world bank

With the financial crisis in full swing, banks are refusing to lend to other banks due to lack of trust. For that reason European banks are only loaning to and borrowing from the Central bank. A crisis like this goes a long way to setting up a one world government and currency.

"The only provider of liquidity now is the central bank," said Guillame Baron, strategist at Societe Generale in Paris.

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