Deleveraging, structural adjustments, severely adverse developments, how these words translate for you and I is, harsher conditions, slashing social spending, rising long term unemployment, as the billionaires, hedge funds and bond markets try to get out of the shit they dropped themselves in by their rampant greed. For those interested in information that hasn't been neutered via the mainstream media, you could do no better than visit, Capitalism in Crisis. The following is just a short extract.
After four years---the financial
crisis and the ensuing policy responses continue to cast long
shadows. Economies and financial systems are still vulnerable to even
modest shocks, and the likelihood of severely adverse developments
has not decreased.
In the advanced economies at
the centre of the crisis, overall deleveraging and structural
adjustment is still incomplete.
- - - "We estimated in 2009 that the
world had about $30 trillion in ghost assets. Almost half went up in
smoke in six months between September 2008 and March 2009. For our
team. It's now the other half's turn, the 15 trillion USD of ghost
assets remaining, purely and simply vanishing between July 2011 and
January 2012. “The insolvency of the global financial system, and
of the Western financial system in the first place, returns again to
the front of the stage after just over a year of political cosmetics
aimed at burying this fundamental problem under truckloads of cash.”
Do we need a system that throws the majority of the population into deprivation, and robs them of the future and all hope, so that the billionaires can try to recover their losses from their addiction to the gambling casino?
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