Of money and madness, privilege and pretence
When national newspapers start talking of paradigm shifts, mass unemployment, the downfall of the biggest bank in the UK, and what they deem a now unavoidable collapse on the scale of the Great Depression, things start to get very, very scary indeed.
Simon Jenkins of The Guardian writes about how we got into this sorry mess.
One commentator on Jenkins’ article writes that, “we reached a point of Peak Credit last year, and property prices will continue their decline to eventually reach levels that [were] maintained many years ago. The banking system cannot sustain the losses to which this fall will give rise. In a nutshell, credit creation, and the deficit-based financial market to which it gives rise, is gravely, and to all intents and purposes terminally, wounded”.
tags: banks, credit crunch, depression, money, politics, recessionThe times we try to live in: a wide-ranging rant (but don’t worry, there’s humour in there as well)
I give in to the torrential and near-continual rainfall this summer. I give in to the inevitable liquifying of my brain owing to the bickering between the only two parties we ever see elected to government, both of them mediocre headline-chasers, uninspiring and with memberships hungry for power for power’s sake, keen to bring in yet more control freak policies, and to fuck over those least capable of withstanding being fucked over by anyone. I give in to the newspapers, TV and radio that have collectively decided it’s time for a Second Great Depression because it promises great opportunities for photographers to snap starving waifs in the city centre of Bradford (which, we’ve been told, by a misnamed think tank, should be emptied of human life as quickly as possible, with the refugees rehomed by uncharacteristically generous and practical-minded Oxford and Cambridge dons).
tags: Africa, anger, chavs, China, Conservatives, credit cards, debt, depression, estate agents, Georgia, global warming, inflation, Labour, mortgages, Olympics, opinion polls, politics, rain, rant, recession, Russia, SAD
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