"Predictions that the global economic system will collapse have been coming at an accelerated pace lately. Usually, many of the most extreme scenarios are from sources more interested in gaining publicity rather than offering a balanced analysis.
"What's unusual is that lately, many of these apocalyptic predictions are coming from some of the most normally sedate institutions in the world such as the IMF and the World Bank.
"Central bankers and the heads of world financial organizations usually speak in oblique and obfuscated terms designed to convey confidence. Either the financial powers are writing a new book of rules or we are all headed for some unimaginably horrific scenario of financial and social chaos."