06 May '10 23:39>
It's seems to me that after this credit crunch the only people who appear to have lost their shirt is the ordinary bloke. Taxpayers and the governments are footing the bill while at the same time banks and investors are being bailed out. Bonuses still get paid to the very people who *****d up in the first place.
The investors and bankers who created this mess keep their swimming pools whilst ordinary people lose their jobs and pensions. In the Uk we are facing what's called a "deficit" and cut backs might mean health jobs and care jobs going.
But who do we owe all this money to ? If the banks are so badly off how can they lend to Governments? If Governments are so badly off how can they bail out the banks? If all the developed countries owe all this money to the banks how can the banks be that badly off? Maybe we all owe the money to each other? - if so why don't we just right it all off and get on with our lives?
So where has all the money gone? If major G8 countries are in debt and the banks are strapped - who has got it? Aliens? Maybe much of the money the money never existed in the first place? If so how can non-existent money create so much havoc if it dissappears?
Consider this. No comet has hit the planet. No major plagues or world wars. No crop failures or massive oil shortage. It seems to me that the world is in financial crisis because some people have leant money (that maybe never existed) to people who couldn't pay it back. Given that all this "money" only really seems to exist as 0s on a computer or bonds , equities and loans it's bizarre that this "money" has thrown us all into debt.
A picture emerging in the UK is one of the Royal Bank of Scotland . The RBS (one of the contributors to the whole mess) gets bailed out by us (the government+ taxpayer) and then loans money to Kraft who buy Cadburys and then it looks like British workers might lose jobs. Cool!
I can't help feeling that someone is cashing in here and it's not the ordinary bloke. It also feels to me like some horrendous con trick is being pulled on us all by those with money and power. Capitalism has sold us on boom-bust and market forces , but it's not the capitalists who go bust - they get bailed out at our expense - and what for? - so they can just go and do it all again in 10 years time?
Wake up people , the Emperor has got no clothes on!
The investors and bankers who created this mess keep their swimming pools whilst ordinary people lose their jobs and pensions. In the Uk we are facing what's called a "deficit" and cut backs might mean health jobs and care jobs going.
But who do we owe all this money to ? If the banks are so badly off how can they lend to Governments? If Governments are so badly off how can they bail out the banks? If all the developed countries owe all this money to the banks how can the banks be that badly off? Maybe we all owe the money to each other? - if so why don't we just right it all off and get on with our lives?
So where has all the money gone? If major G8 countries are in debt and the banks are strapped - who has got it? Aliens? Maybe much of the money the money never existed in the first place? If so how can non-existent money create so much havoc if it dissappears?
Consider this. No comet has hit the planet. No major plagues or world wars. No crop failures or massive oil shortage. It seems to me that the world is in financial crisis because some people have leant money (that maybe never existed) to people who couldn't pay it back. Given that all this "money" only really seems to exist as 0s on a computer or bonds , equities and loans it's bizarre that this "money" has thrown us all into debt.
A picture emerging in the UK is one of the Royal Bank of Scotland . The RBS (one of the contributors to the whole mess) gets bailed out by us (the government+ taxpayer) and then loans money to Kraft who buy Cadburys and then it looks like British workers might lose jobs. Cool!
I can't help feeling that someone is cashing in here and it's not the ordinary bloke. It also feels to me like some horrendous con trick is being pulled on us all by those with money and power. Capitalism has sold us on boom-bust and market forces , but it's not the capitalists who go bust - they get bailed out at our expense - and what for? - so they can just go and do it all again in 10 years time?
Wake up people , the Emperor has got no clothes on!