So Ireland is screwed. Greece is already screwed and next on the list is one of Portugal, Spain or Italy. I'm not entirely sure that we're totally out of the woods either. What I find difficult to understand, amongst many things in this business, is how when we know why this is happening we aren't stopping it.
Greedy people are destabilising countries on purpose to...well I'm not sure why they are doing it beyond the fact they make money from it. And we (ordinary non bastard type people) seem to sit back and wait while they do it and then pour more money into the huge black hole they create. So why aren't every one of these people in jail ? They should be shouldn't they. They are ruining millions of people's lives and we just stand back shrug our shoulders and say that's the market for you. Well fuck that. In the words of Howard Beale It's time to get mad God damn it !
Why can't we let the banks fail. Seriously why can't we. What's the worse that can happen. The argument that is peddled out is 'that would ruin our whole financial system.' quite honestly it looks pretty fucked from here anyway. We've allowed a situation to occur where the majority are held to ransom by a tiny few who make fortunes.
I don't see where this will all end. With blood on the streets is my guess. The speculators will not stop and I can't see how the rest of Europe will stand back while another country is driven to the wall and ordinary people are expected to pick up the tab again.
1 comment:
Problem is, if the banks fail it means there's no money in the ATMs which means no ability for us average everyday folk to pay for anything. It means cards won't work so no ability to buy petrol or groceries. It means no direct debits will work so no bills will be paid. In short, if the banks fail, we'll all end up in debt, unable to buy food and with our homes in a queue for repossession. Much as I'm not a fan of the bankers, unfortunately we have to keep the buggers afloat.
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