World faces "total" financial meltdown: Bank of Spain chief

In other news, "Bulgarian Astronomers Forecast Armageddon".
From Agence France Presse:

The governor of the Bank of Spain on Sunday issued a bleak assessment of the economic crisis, warning that the world faced a "total" financial meltdown unseen since the Great Depression.

"The lack of confidence is total," Miguel Angel Fernandez Ordonez said in an interview with Spain's El Pais daily.

"The inter-bank (lending) market is not functioning and this is generating vicious cycles: consumers are not consuming, businessmen are not taking on workers, investors are not investing and the banks are not lending.

"There is an almost total paralysis from which no-one is escaping,">>>MORE

Here's Jim "No One Here Gets Out Alive*" Morrison and an L.A. Woman vid:

*'No one here gets out alive' is a line from the Doors' tune Five to One. I don't much care for the song.