Pakistan's "reserves may be only $3 billion - enough to buy about 30 days of imports like oil and food... High oil prices have combined with endemic corruption and mismanagement to inflict huge damage on the economy." - Pakistan facing bankruptcy
"We may soon see global giants such as AT&T, Ford, General Motors go under...
"We know from what happened in Europe in the 1930s that systemic financial crisis can lead rapidly to the growth of political extremism.
"We may be about to discover just how dangerous it was to allow all those CCTV cameras to be put up on every street corner; to arm the police and turn them into a kind of civil army; to extend detention without trial." What happens when the money runs out?