The global financial crisis sweeping through Wall Street and the European banking sector will touch the lives of the world’s most vulnerable, pushing millions into deeper poverty and leading to the deaths of thousands of children, according to a new United Nations study.
The report highlighted the prospect of an increase of between 200,000 and 400,000 in infant mortality and that child malnutrition, already rising, will be one of the main drivers of higher child death rates.
While developing countries will be hardest hit, increased poverty and hunger are hitting the U.S.,Britain and other first world countries are as well. The inability of the newly-poor to pay to heat their homes also kills.
Paul Moore – former Head of Risk at HBOS – says that the financial crisis has resulted in the greatest humanitarian crisis since WWII.
Moore says that we are witnessing a “financial holocaust” brought on by the banksters … with huge numbers of potential deaths in the works unless we fundamentally change the system.