<QUASI DADAIST FINANCIAL RANT>
OK, I am still unemployed, but this was my plan all along, so no biggie there.
Of course now that the situation is panning out to be the biggest Financial Armageddon since, well, ever, my plan for a bit of a break before going back to work may backfire, in the sense of being completely bankrupt in one year's time.
I only need to make sure I have enough money to go back to Mexico and hide from my British creditors in the deepest of the Oaxacan jungle. Lots of nice towns there, I reckon the extradition of a poor sod that owns a bit of money here in the UK would not be a priority in country were we are having people beheaded on the street almost every week. The wonders of worldwide mobility! (all this said in jest mind you, I don't want that this is pulled out of the Intarweb in the future like if I was serious!).
I invested in Icesave. From Iceland. And now my account is frozen (pun intended).
It looked like a safe enough investment one year ago. Now, is all gone, engulfed like if fallen in a big Icelandic volcano's lava river (now that the government of Iceland owns the bank they should offer a trip to Iceland in exchange for writting off the money of the bank's costumers, I would take the offer).
I did my homework, but of course I could not count with the lack of regulation in the CDS market (that is Credit Default Swaps I believe). for which one has to thank the fine politicians of the Republican party. And I am sure people in the other party as well.
I have always known that the corrupt political system in the US would eventually come back to bite with a vengeance in some big way. A country that has lost complete sight of what democracy is all about would have to suffer eventually, the problem is that lots of countries are chained to the big fish, either by choice (UK) or by force (Mexico), and they will all be dragged with the good ol US of A.
Well folks, that day has arrived and it is today, when the relentless lobbying by special groups of all colours (here lets pause and honour banks, financial institutions and perhaps even equal rights movements) have finally driven to the ground the economy of the most powerful country in the world.
When Mr McCain (oh the irony!) was campaigning for political campaigning reform (more irony there) US people and politicians must have listened (but the later couldn't, the lobbyists were keeping the politicians's ears firmly shut).
Death by lobbying. That is what is happening today. As late as last week, Wall Street still had the verb to lobby for the plan that best suited their needs, and they got what they wanted (the government taking from their hands a load of crap). At least here in the UK the treasure will be partially owner of the banks, so the most successful they are the more the taxpayer will recover. This seems like the sanest of plans, no sorry, the least mad one, but unsurprisingly has not been the one chosen by the politicians in the land of the free, whom when under pressure by both lobbyists and the electorate decided to listen to the former.
USians: when are you going to fix your political system? Today that nonchalant attitude to the power of lobbies is costing you (and us) real money and a real decreasing in our living standards.
The first step is to kick the Republicans out of the White House. Big time. Humiliatingly. They were happy facilitating the killing of innocent people in a country that had no track record of terrorism while ignoring the necessary regulation of their cronnies in the financial system, action by which they lost the goodwill of most people in their righteous attack of Afghanistan and its abhorrent regime, safe harbour of authentic terrorists.
But kicking Bush & Co is not enough. The system is sick and needs a complete revamp, which I am afraid will not happen. The only hope is that the powerful groups that "wag the dog" realize that it is not a good idea to piss off most of the population in order to accumulate a bit of money and power. There have been people out there that lost their heads for less, like offering cake to paliate the hunger.
But I would prefer to be offered cake rather than £2500 of crap shares in a shitty bank. Which I will not see anyway, but I will pay for them!
The joy, oh the joy!
Wait, there is an idea, send me my shares once they are bought. We the people will trade them and will restart the economy this way. But we need voting powers, otherwise they shares are worthless.
<\QUASI DADAIST FINANCIAL RANT>
OK, I am still unemployed, but this was my plan all along, so no biggie there.
Of course now that the situation is panning out to be the biggest Financial Armageddon since, well, ever, my plan for a bit of a break before going back to work may backfire, in the sense of being completely bankrupt in one year's time.
I only need to make sure I have enough money to go back to Mexico and hide from my British creditors in the deepest of the Oaxacan jungle. Lots of nice towns there, I reckon the extradition of a poor sod that owns a bit of money here in the UK would not be a priority in country were we are having people beheaded on the street almost every week. The wonders of worldwide mobility! (all this said in jest mind you, I don't want that this is pulled out of the Intarweb in the future like if I was serious!).
I invested in Icesave. From Iceland. And now my account is frozen (pun intended).
It looked like a safe enough investment one year ago. Now, is all gone, engulfed like if fallen in a big Icelandic volcano's lava river (now that the government of Iceland owns the bank they should offer a trip to Iceland in exchange for writting off the money of the bank's costumers, I would take the offer).
I did my homework, but of course I could not count with the lack of regulation in the CDS market (that is Credit Default Swaps I believe). for which one has to thank the fine politicians of the Republican party. And I am sure people in the other party as well.
I have always known that the corrupt political system in the US would eventually come back to bite with a vengeance in some big way. A country that has lost complete sight of what democracy is all about would have to suffer eventually, the problem is that lots of countries are chained to the big fish, either by choice (UK) or by force (Mexico), and they will all be dragged with the good ol US of A.
Well folks, that day has arrived and it is today, when the relentless lobbying by special groups of all colours (here lets pause and honour banks, financial institutions and perhaps even equal rights movements) have finally driven to the ground the economy of the most powerful country in the world.
When Mr McCain (oh the irony!) was campaigning for political campaigning reform (more irony there) US people and politicians must have listened (but the later couldn't, the lobbyists were keeping the politicians's ears firmly shut).
Death by lobbying. That is what is happening today. As late as last week, Wall Street still had the verb to lobby for the plan that best suited their needs, and they got what they wanted (the government taking from their hands a load of crap). At least here in the UK the treasure will be partially owner of the banks, so the most successful they are the more the taxpayer will recover. This seems like the sanest of plans, no sorry, the least mad one, but unsurprisingly has not been the one chosen by the politicians in the land of the free, whom when under pressure by both lobbyists and the electorate decided to listen to the former.
USians: when are you going to fix your political system? Today that nonchalant attitude to the power of lobbies is costing you (and us) real money and a real decreasing in our living standards.
The first step is to kick the Republicans out of the White House. Big time. Humiliatingly. They were happy facilitating the killing of innocent people in a country that had no track record of terrorism while ignoring the necessary regulation of their cronnies in the financial system, action by which they lost the goodwill of most people in their righteous attack of Afghanistan and its abhorrent regime, safe harbour of authentic terrorists.
But kicking Bush & Co is not enough. The system is sick and needs a complete revamp, which I am afraid will not happen. The only hope is that the powerful groups that "wag the dog" realize that it is not a good idea to piss off most of the population in order to accumulate a bit of money and power. There have been people out there that lost their heads for less, like offering cake to paliate the hunger.
But I would prefer to be offered cake rather than £2500 of crap shares in a shitty bank. Which I will not see anyway, but I will pay for them!
The joy, oh the joy!
Wait, there is an idea, send me my shares once they are bought. We the people will trade them and will restart the economy this way. But we need voting powers, otherwise they shares are worthless.
<\QUASI DADAIST FINANCIAL RANT>
| < LOL @ professional trolls... | I am dead serious. > |
