Global Economic Meltdown

Iceland files National Bankruptcy...
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The US administration has already committed 700 billion dollars to a bailout of banks' bad debt and the latest move extends the government support..
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The troubles on Wall Street sent Brazil's share market down 4.66 percent while Mexico's Bolsa slid 3.97 percent..
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European indexes fell. In Britain, the FTSE-100 fell 5.2 percent, Germany's DAX dropped 5.9 percent, and France's CAC-40 dropped 6.3 percent..
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In Asia, Japan's Nikkei 225 closed 9.38 percent lower and Hong Kong's Hang Seng tumbled 8.17 percent hours before the rate cuts were announced..
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WHAT`S NEXT: GLOBAL ECONOMIC DEPRESSION...