As the worlds bankers gather for top secret talks in Australia and the global share markets are showing yet another slump, one wonders whether we are in for more financial misery globally.
The Fat Cat bankers have a lot to answer for.
"THE world's top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets. Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location. Organised by the Bank for International Settlements last year, the event will be dominated by Asian delegations and is expected to include governors of the Peoples Bank of China, the Bank of Japan and the Reserve Bank of India. Fears countries including Greece, Portugal, Spain and Dubai could default on debt repayments combined with disappointing US jobs data could spook investors."
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