Wednesday, 15 October 2008
profits are privatised, losses are socialised. That's the 21-century Free Market
Yeah lets stop talking about
"Bail em out" and start talking about
Never, in the field of finance, was so much owed by so many to so few!!
G Broon is like the Captain of the Titanic - only - he didn't go down with his ship like he should have done..........Instead, he's been splashing about with one of the lifeboats - trying to be a hero - -- EVEN THOUGH HE DROVE THE SHIP ONTO THE ICEBERG - AND SUNK IT............
Governments the world over always try to solve their economic problems by printing money. The UK government has confirmed that this is their intention. After this bailout you will find another even larger bailout, then another one, and another one. The government will keep creating money (debt) until the entire system collapses as trade stops due to the devaluation of money.
Ultimately it will be worthless.
The problem that we face is our inability to recognise the self destructive nature of the current economic system we employ. Therefore it doesn't matter what anyone does, we really are re-arranging the deck chairs on the Titanic. Of course the world will still exist, even a world without banks, however, we can expect to see a lot of instability