Tuesday, October 7, 2008

Rats fleeing the economic ship and world bankers bluster & fluster & don't know up from down!

The rats are fleeing the mighty economic ship that has sailed happily through smooth seas till Wall Street began hawking snake oil in the form of subprime mortgage debt [an arching term to include all the greedy nastiness that street could do]. Now world markets are heading through stormy weather and the world's bankers have lost their heads. Main street everywhere has lost any notion that these high flyers know their arse from their elbow! Look at anal hair stylist supremo & self styled il Duce of finance & former CEO of Goldman Sachs & US secretary of the Treasury Hank Paulson. He got his us$700bn rescue package with little oversight, and he hasn't the foggiest idea as to what to do. He's not as 18Brumaire has constantly written, enough fingers and toes to staunch the leaks in the financial markets. And what's more, he hasn't the foggiest idea as what to do next other than giving his cronies oversight on the 'bailout'. Well, banks ain't lending to one another; foreign countries are panicking and eacy state is going its own way. No co ordination in the world markets and everyone of the rats are fleeing a seemingly sinking ship. And what's more the mighty Solons who vote this and that are so tied by the umbilical cord to finance capitalism, there is little hope for reform, let alone a radical breakthrough. Yes, old darlings, you've made a mess and will continue to do so, for no one with lead in his pistol is on the scene to whip you back into line and obey the oversight and discipline the exuberant bankers abandoned for self enrichment, and what's more in the US, since the abandonment of pension schemes, the little man and woman who knows squat about investing has had to follow the examples of their betters [sic], and do a monkey sees, monkey does act to get by and save for days of pensioners. Where has this gotten them? Back to square one and poorer than ever and a bitter old age whilst the plutocrats fall comfortably of government bailouts and cushions of a sybarite life style. Is there no justice? Apparently not!

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