SELL!!! SELL!!!

Current mood: PLEASED...
Category: PLEASED... News and Politics

So, today saw yet another nail in the coffin of the financial system as we've come to know it and once again, I thoroughly enjoyed watching it all unfold by way of the twin evils of TV and the winternet...

Yes boss, all told, I have to admit that todays 24 hour news, was the best financial disaster porn I've seen since I watched the markets fall like a shot DEAD bird on the Monday after September 11th

Now, perhaps I might seem cruel and callous to say such a thing - but seeing all those successful go-getters shuffling about with their heads down, trying to not to be seen (FOR ONCE!!) really was a very joyful experience for me.

Indeed, had I not have had a very important interview with the head honcho of Frizz Records to complete, I'd have popped down the mile or so to Lehman Brothers Canary Wharf European HQ, whereupon I'd have sat about looking scruffy and content, grinning at the sadistic fucks as they filed out looking all downtrodden and oppressed...


Yes boss, overnight, these whizzkids financial gambling dreamworlds were torn to shreds - their egos were left either in tatters or rolling in smug joy - joy at having got away with robbing people blind for so long...


So what's the big fuss with these banks falling to pieces??

Well, the economy is a complicated beast, but money is also very simple, and the cause of the current troubles can be pretty easily identified by the use of one word:

GREED

Yes boss, for many years now, banks aided and encouraged by Western governments, have been becoming more and more reckless in their lending (because it was making BIG money) and this is now (bit by bit) coming back to bash their rosey little bottoms...


Of course, now that the shit has hit the fan, the politicians are doing their level best to distance themselves from these problems.

Yes boss, they're claiming that this was all beyond their control?!?!?

They talk in terms of 'corrections' 'global economic tsunami's' and the 'strength of the fundamentals' - whilst at the same time their past and present advisors admit this is the worst economic scenario since the Great Depression in 1929..


But those with long memories will remember Gordon Brown, then UK Chancellor making absurd claims about Labour having outlawed Boom/Bust cycles in capitalistic economics altogether!!

Yes boss, then our politicians knew all about controlling the money markets - THEY CLAIMED TO BE COMPLETELY DOMINATING AND CHANGING THEM FOR ALL OF TIME!!!!

But what Gordon and Tony didn't mention then, was that their entire 'economic miracle' was based on borrowed cash and people borrowing cash, and because of this, Tone and Gords claims of genius have always been pure crap - crap that should have been properly picked upon at the time...


But if it was always going to fail, why did governments encourage such brainless borrowing behaviour??

Well, the whole premise of a successful government in these money obsessed times, is Economic Growth.

When an economy isn't growing, it's in recession, and if there's one thing that sees off a government off quicker than anything else, it's the stinky old smell of a recession...

So, given that large portions of our Western business prowess (namely manufacturing) are being easily taken away by countries like China and India, this last while, western governments have had no choice but to borrow and 'make up' money and wealth 'products' - thereby convincing their peoples (us) that we're on anything but a hiding to eventual slavery to the far east every which way...

Yes boss, it's monumentally short sighted and was always going to end in tears, but politicians are always inherently short sighted, and as long as their out of government by the time the tears come, they generally couldn't give a shit.....


Of course, no-one is blameless in this situation..

No boss, another thing worth noting here is that the supposedly great british public are, like any other public - horrendously selfish in their money dealings.

For example:

Some weeks ago, when I was up in Scotland undergoing extensive training, my prepatoré made the very good point that when Tony Blair was seeking re-election in 2004, there lay a golden opportunity for the UK public to trounce him from power as a protest on his absurd support of an Iraq war that was unpopular enough to solicit a million man march...

But in 2004, the public didn't take that chance to vote out Tone..

No boss, THEN the economy was still good, people were buying new cars and making stupid money on houses - so why in the fuck would they be seriously worrying about things like conscience or small brown men and women dying by the thousand in some far off land???

Sure, people talked the big anti-war, but they never fucking meant it enough to actually do anything half serious about it - they didn't even have the big balls to vote the government out who'd gone to the war in the first place...?!?!


Well, now, this Labour government is in big trouble, and the only reason so, is because the financial sweeties are being withdrawn from the people...

Yes boss, UK folk are now facing up to the fact that they've bought a simple and stupid idea - that endless BIG growth in everything is possible FOREVER!!

And like I said - you can get away with a lot of things in government - but when you take away the financial sweeties, peoples backs soon go up...


Anyway...

Let's hope a good few more of these parasitic banking fucks go down, before this is all done with.

Yes boss, I for one will be very happy to see fewer of them looking all smug and neat, wearing body language that suggests they're the very pinnacle of humanity ...

Enjoy their embarrassed money pain whilst it lasts - that's what I say!!!


But whatever you do, don't go believing this is the start of some kind of a fairer world, where capitalism is to be more heavily regulated and controlled...

No boss, the myth here, is that all these poor jobless flowers are gonna be clogging up job centers, scrabbling about for their £50 a week in dole...

But that ain't gonna be happening except in a very few exceptional cases..

No boss, the average wage of a Lehman Bros employee was $322.000 per annum + bonuses, and unless they've frittered all their cash on cocaine and lap dancers, these furry little parasites will simply swan off to one of their (paid in cash) holiday homes or private yachts, take a year or so off, refresh their viciously selfish heads, before coming back (when the air clears), ready to pull the same kind of stunt once again...

Currently listening : Bank of America (Cd Single w/ Unreleased Track) By Spring Heel Jack