Worst of financial crisis yet to come: IMF chief economist

The IMF’s chief economist has warned that the global financial crisis is set to worsen and that the situation will not improve until 2010, a report said Saturday.

Olivier Blanchard also warned that the institution does not have the funds to solve every economic problem.

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The best quote of this article: “We do not have this money. We never had it,” he said.

That pretty well sums up the whole mess, I think. Nobody has this money. No one ever did. Fiat money isn’t real money.

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