tag:blogger.com,1999:blog-7820485130017459619.post5638690964928778455..comments2023-10-24T01:46:47.151-07:00Comments on CynicusEconomicus: Economic Crisis - UK and US BankruptcyUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7820485130017459619.post-85784198602247348722008-10-22T06:46:00.000-07:002008-10-22T06:46:00.000-07:00Great article!Maybe I will link to this page.Thanx...Great article!<BR/>Maybe I will link to this page.<BR/>Thanx for posting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-54076395125788016532008-10-08T04:18:00.000-07:002008-10-08T04:18:00.000-07:00Oil prices at the mo are averaging around $85 p/b....Oil prices at the mo are averaging around $85 p/b.<BR/><BR/>Not so long back oil was creeping up to $150 p/b.<BR/><BR/>This is one heck of a drop in such a short time - can you please explain?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-27776104902103618772008-10-07T15:15:00.000-07:002008-10-07T15:15:00.000-07:00I see the UK government is about to announce a "co...I see the UK government is about to announce a "comprehensive" bailout to "stabilise" UK banking. Presumably it will have to attempt to prop up foreign-owned banks operating in the UK, just as the US said it would with foreign banks in its 'plan'. The tenuous claim is that the government will take shares in the banks in return so that the tax payer can realise a profit in the future (a 'profit' that will presumably be derived from money the banks have leeched from the tax payer anyway.)<BR/><BR/>I don't know how top bankers' minds work, but I can't imagine that they would accept such an arrangement and mean it. Wouldn't they simply make sure their own pockets were bulging (with tax payers' cash if necessary) and then just jump ship? Why would they care if the bank went down? They wouldn't shed many tears for the ordinary employees, I'm sure, and I can't imagine them turning up to work for the next couple of decades knowing that they were no longer "Masters of the Universe". <BR/><BR/>Obviously this is nothing compared to the fundamental problems you have highlighted, Mark, but I hate the idea that our huge troubles are going to be made that much worse by an inept 'rescue package'.<BR/><BR/>(An interesting little aside from Polly Toynbee in her column today where she comments alarmingly "Just-in-time food delivery, paid for with what?". To the people I know, the idea that food shortages might become a problem would just not be taken seriously, but there is no reason to think that it couldn't happen is there? I wonder if the government is making any plans to cope with the possibility.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7820485130017459619.post-27964934236527739272008-10-06T22:00:00.000-07:002008-10-06T22:00:00.000-07:00Running parallel to this financial tsunami storyo...Running parallel to this financial tsunami story<BR/>on the world scene - is another story unfolding, (exclusive to the Internet)and its stubborness to go away is intriguing.<BR/><BR/>The story goes something like this. It is a well known fact that a NWO (New World Order) is being created by the world's elite and this financial meltdown is another stepping stone on the way to accomplishing this NWO.<BR/><BR/>In blogosphere jargon it is a PRS scam.(Problem-Reaction-Solution)<BR/><BR/>The problem is created (by elites) the public react, 'something must be done,' solution (Kissinger yesterday) we must have a global financial solution to these problems.<BR/><BR/>Also on the Internet rounds is the story of a shipment of gazillions of Ameros have been shipped to China for when the North American Union is unveiled. The American EU)<BR/><BR/>I'm not asking you to believe this - just remember you read it here first.<BR/><BR/>PS why is the MSM reacting so hysterically to this crisis? Something must be done!Anonymousnoreply@blogger.com