Fearing as "inevitable" a global recession following the US financial meltdown, Japanese Prime Minister Taro Aso said the magnitude of the turmoil was increasing in "seriousness" and wanted the international
community to make "concerted efforts" to tackle the crisis. "The financial turmoil arising from the Sub-prime loan issue in US August 2007 is increasing in seriousness. I recognise that financial crisis triggered by the bankruptcy of Lehman Brothers could lead to a global recession. "Although the impact of this financial crisis on Japanese financial institutes has been limited so far, it seems inevitable that the slow-down of international economy will have an influence on the Japanese economy as well," Aso told PTI in an e-mail interview. You Tube: The federal reserve caused the 700 billion dollar bailout and economic crash: Currently, the Federal Reserve is printing billions of dollars to bail out Wall Street while destroying the middle class and the dollar with inflation. If our country wants a sound and transparent monetary system, we need to abolish the Federal Reserve.