Finance crisis ‘could lead to war’, IMF warns

Ah, the good old fashioned fear factor but also very true. WWII comes to mind as the outcome of the Great Depression. Made a lot of money incidentally for the selfsame assholes causing this recession.
In case you didn’t know about the Money Masters now would be a good time to watch the video.

The global financial crisis could lead to social unrest and even war, the head of the International Monetary Fund warned yesterday.

Dominique Strauss-Kahn said that the billions already pumped into the world economy risked disappearing into thin air unless there is massive reform of the financial sector.

And he dealt a severe blow to Gordon Brown’s plans for another debt-funded Budget giveaway by warning that the money might melt ‘like snow in the sun’.

At a meeting of the International Labour Organisation, Mr Strauss-Kahn warned that the global economic crisis is ‘dire’ with the threat of millions being pushed into poverty.

The managing director of the global financial watchdog went on to warn governments against ploughing yet more fiscal stimulus into their ailing economies. He said: ‘You can put in as much stimulus as you want.

‘It will just melt in the sun as snow if at the same time you are not able to have a generally smaller financial sector than before but a healthy financial sector at work.’

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