This economic crash isn’t all doom and gloom, the banks themselves as per usual have found a way to profit from it, by trading against america and the countrys of europe in which they reside and operate. They speculate and profit from the fall in currency value, thats right they want bailing out and while we bail them out, theyre busy finding a way of recuperating some of their losses by profiting from the fall of the currency values here in europe an the usa. I recently spoke to a guy who writes currency trading software who gleefully explained, His department in particular was having record breaking profit weeks, trading on the back of the depletion of currency values, Not enough he explained to make up for the crazy losses of the other fiscally imprudent departments, but hey still profiteering of the carcus of wreckage.

This serves if anything just brilliantly to demonstrate that a countrys government should never bail out any private financial institutions, why ? because as entitys, private banks and financial institutions have one loyalty to themselves and their shareholders in every circumstance even to the detriment of the countrys they operate in, the people working in them have more allegiance to their firms than they do, their countrys. The other truth to be assured of, which im sure theyre pretty clear and honest about, is they do not perceive any ways of making money as being immoral, morality isnt even a question for them.

So there should be no loyalty from countrys to banks, unless as the case maybe in these times, basically the banks own the governments, which is why were bailing them out, because we appear not to have a democratic choice to say no, therefore who is demonstrating their power in this scenario.

Sad news, the only politician in europe, who was brave enough to stand up for his own cultures voice against the EU has died. Especially since so recently he had made such progress in breaking from the further right groups and errant views on the 2nd world war, and managing at the same time to preserve the central core of his debate, about austrians determining their own future rather than having it forced upon them by a centralised EU fascist uber state. Sadly his death will only fuel conspiracy theorys, by those already dis-enfranchised in their own cultures.

14.28 trillion american gdp
american tax revenue 28% of GDP ie 3.9984 trillion
american national debt around 11 trillion after these bailouts ?
if 10% of america’s annual tax revenue, were put too one side to fund paying off the national debt how long would it take to pay off the deficit not including interest ?
11,000,000,000,000 / 399,000,000,000
= 27.56 years
including interest allot more than that number of years.
hmm
now if a politician stands in the whitehouse and says id like to spend 400,000,000,000 a year on paying back the national debt rather than invest in something more exciting, will his approval rating suffer ? :-) and since he’ll only be in office for 8 years would his successor continue such a policy?

we must limit foreign investment

weve privatised everything.
and allot of that is now foreign owned

we have to set a limit to which countrys which are oil rich, with almost unlimited cash funds can just buy up britain wholesale.

And economic crashes like this provide rich pickings for foreign investors.
the idea that BAA is owned by a foreign private business for instance is insane, it is vital infrastructure. The worse thing is determining even ownership nowadays is almost an obsession in itself, as its an egg within an egg scenario, so widely distributed interlinked are shares of one company to another and the major shareholders behind those companies even more un-decipherable.

the truth is any future government has been so screwed in terms of it position, by the last 30 years of government they could probably never sought the blurry mess, this country is in.

65 billion to bail out northenrock or is it now double ? whichever the moneys funny anyway which is half the problem, it would cost 28 billion to wire all british homes for fibre optic broadband as a government id rather invest in that. That has more potential for societal benefit than taking on the debt of bloated failed uber capitalist banks who over leveraged their exposure to debt in the vain attempt to gamble hard and make more money, the normal individuals will suffer more by the bailout as it gives us all a share in the misery and risk of further decline. Our government have been consisently failing for the last 30 years on a societal and economic way which it has managed to hide till now.

We need real laws and more self governance (The EU distorts are destiny and nullifies voting in our democracy), fiscal prudence and an agile smaller independant economy is the only recourse to a stable future. A 9 year old could have told you the accounts of america dont add up, so how come all the financial experts didnt see this coming, and much the same in this country because we follow their lead way to much, if we had independance from other cultures to a large extent, then we wouldn’t be exposed so badly to the vagueries of the global capitalist system, which tries to spread its toxicity of nature and idiocy of thinking and impoverished get rich quick attitude everywhere.