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pandora's box

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Everything posted by pandora's box

  1. The Irish Independent learnt last night that the Central Bank of Ireland is financing €51bn of an emergency loan programme by printing its own money. link
  2. The amount the UK is shown to owe will balloon as the public sector's finances start incorporating figures for the state-backed Royal Bank of Scotland and Lloyds Banking Group. Their liabilities could add up to £1.5 trillion extra, a burden equivalent to around 100pc of gross domestic product (GDP), to the public sector net debt. Telegraph link
  3. Lack of condemnation such as yours is an act of approval, and is the kind of thinking that lead to Nazi Germany: hence doublethink. OK?
  4. History will show that all political parties were, and indeed are, complicit in the biggest financial bubble of all time.
  5. It is what you don't say that shows you are a bankster apologist.
  6. This is a non-argument scepticus. The financial system is bust and you know it. To make a difference you need to start offering some solutions.
  7. And if that banker has earned his bonus by driving up food prices, then he is a mass murderer.
  8. I am taking inordinate pleasure in seeing the world of the banksters unravel as I reduce my spending. It gives me a feeling of great power. {edited to include a fancier word}
  9. Bernanke et al. haven't really saved the system; they've simply kept it afloat. And what have they accomplished? The banking industry simply remains cocooned inside the world's biggest bubble. Central banking itself is a bubble though people don't think of it that way, but those who print the money decide which industries expand – and no self-respecting central banker is going to let the central-bank distribution system (commercial banks) deflate. And so the banking business just gets bigger and bigger. Daily Bell link
  10. I had a long talk on Tuesday with one of the wisest and cleverest economic thinkers I know, and he was sure of one thing: we are heading for a crash. Is he right? Simon Heffer Telegraph link
  11. 'Have to'? There is no 'have to'. There's a new game in town. You lost yesterday Alan. I think you know what I mean.
  12. And you don't have a problem with that? Seems I overestimated you. A vote for the tories, labour or liberal is a vote for penury. I'm thinking your username is a badge of honour.
  13. A vote for Labour, Conservative or Liberal is a vote for corruption. And to answer your next question - no, I cannot put forward an alternative:yet.
  14. Ah the memories - such an ingénue! I remember being given a rose on my first day in Tunisia, then being exhorted to pay up at the next corner.
  15. The long term success of humanity will not be found in current religion or politics.
  16. The world has moved a step closer to a food price shock after the US government surprised traders by cutting stock forecasts for key crops, sending corn and soyabean prices to their highest level in 30 months. The price jump comes after the UN’s Food and Agriculture Organisation warned last week that the world could see repetition of the 2008 food crisis if prices rose further. The trend is becoming a major concern in developing countries. Financial Times link
  17. I'm sorry, but I'm not going to allow you to get away with that. If Goldman Sachs have the clout to drive up food and oil prices in the space of weeks, days or even hours , they are directly contributing to the impoverishment and starvation of the world's weakest citizens. As I said: Legalised murder.
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