The president of the World Bank has warned that the world is "one shock away from a full-blown crisis".
Robert Zoellick cited rising food prices as the main threat to poor nations who risk "losing a generation".
He was speaking in Washington at the end of the spring meetings of the World Bank and International Monetary Fund.
See it here; http://www.bbc.co.uk/news/business-13108166
Let's see....what could that one shock possibly be?? How about a severe drought in the USA impacting our grain harvest...and Texas and Oklahoma are already reporting their worst spring rains since the Dustbowl?
How about a few more severe quakes...maybe one on the New Madrid fault that squashes our infrastructure and causes billions in damages...money which we don't have?
How about a solar storm that knocks out electricity in areas for weeks?
How about if we keep burning 40% of our corn crop making ethanol and drive corn up to $10-12 dollars per bushel and shove millions of people into starvation and further poverty?
The world is ripe for catastrophe.
Where is your foundation built? Will it survive storms and turmoil?
No comments:
Post a Comment