Central Banks Coordinate Global Cut in Interest Rates - Next Move Financial Integration of Currency

The world’s major central banks coordinated a lowering of interest rates in a coordinated effort to halt a collapse of share prices and a freeze in credit markets in an attempt to thwart a global recession becoming a great depression. Central banks
By: Dream-Maker Inc.
 
Oct. 9, 2008 - PRLog -- The world’s major central banks coordinated a lowering of interest rates in a coordinated effort to halt a collapse of share prices and a freeze in credit markets in an attempt to thwart a global recession becoming a great depression.

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The action failed to calm gyrating markets as global investors acknowledge a serious and prolonged recession is here to stay for quite some time.

The Federal Reserve, the European Central Bank, the Bank of England and the central banks of Canada and Sweden all reduced primary lending rates by a half percentage point. Switzerland also cut its benchmark rate, while the Bank of Japan endorsed the moves without changing its rates.

In another monetary first, the Chinese central bank joined the effort — without explicitly saying it was doing so — by reducing its key interest rate and lowering bank reserve requirements to free up cash for lending.

The safest place to invest now is in gold or Euros as the Bank of International Settlements prepares to merge Central Banks in global financial integration and coordination, which will eventually lead to one world currency based out of Europe.

Buy gold or Euros now before your currency becomes as worthless as toilet paper!

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994

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The world’s major central banks coordinated a lowering of interest rates in a coordinated effort to halt a collapse of share prices and a freeze in credit markets in an attempt to thwart a global recession becoming a great depression.

Buy gold or Euros now before your currency becomes as worthless as toilet paper!

http://www.bullionvault.com/#paulfdavis

http://ads.easy-forex.com/Gateway.aspx?gid=104994
End
Source:Dream-Maker Inc.
Email:Contact Author
Zip:32812
Tags:Central Banks, Interest Rates, Coordinate, Cut
Industry:Banking, Financial, Government
Location:Orlando - Florida - United States
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