The Credit Bubble and prospects for financial meltdown

[truthmonger]

There's an excellent article by Ann Pettifor on the OpenDemocracy
website at:

http://www.opendemocracy.net/article/globalisation/institutions_govern ment/sleepwalking_disaster

*LINK FIXED JW*

[jahschild]

Relax about the impending Finacial collapse.

It's ment to happen, to strip us of wealth and to start the Wars globally.

Check out Marc Stevens, 'Adventures in Legalland.com he has done some great work. He is also highly entertaining.
He makes all the judges 'bust a blood vessal in rage outburst's.

When i was at school, we nick named a Teacher Buster blood vessal, because he went bright red just before he blew his top.' He blew off about once a week.
Funnily enough, the class I was in always manged to achieve this wit ease

The whole legal & Finacial world is just a scam. They manufature it. It's how they transfer wealth into thier pockets..err [the Gloominutzi, I mean]

I wonder how many brokers will leap out of the window this time.

[truthmonger]

Sure - it has to happen to bring people to their senses. But there are different ways it could happen - more or less controlled, or completely uncontrolled.

While we can welcome the collapse, I don't think we should be complete indifferent to the way it happens.

Not everyone involved in banking, finance and commerce is wicked or stupid. Asleep, yes; fallen for the illusion, yes. But totally self-serving and indifferent to others, no.

So we could be in for a surprise. I think the situation is different now from previous stock market crashes - even the more recent ones such as the one George Soros made billions out of. In the past the string-pullers were completely amoral. Some of them still are - but I'm not convinced they all are, or that all the people who work for them are.

It's just possible that we could see an outbreak of common sense and mutual concern instead of the crude 'survival of the fittest' and 'the devil take the hindmost' attitudes of the past.

Otherwise we're in for total chaos - that's not going to be pleasant for anyone and the likelihood then is that even the pretence of democracy we have now goes out of the window and we revert to "might is right" and an effective war of all against all.

Does anyone want that?