In 2008 the "crisis" hit the world, the choice of word "crisis" was very clever. A crisis suggests an event that everybody should run to assist in helping to alleviate, but this was not a crisis for everybody, this was a crisis for the money people from the excessive gambling of the financial Mafia. However to resolve their disastrous failure in the worlds biggest gambling casino the financial Mafia demanded that the governments of the world bail them out by plundering the public purse. We all know what followed was years of "austerity" for the ordinary people, slashing of social services, attack on wages and working conditions, a vicious attack on those receiving social benefits. The financial mafia recovered, but we the people still haven't recovered to where we were in living standards in 2008.
The leeches that make up the financial Mafia have learnt
nothing from that experience, the next "crisis" looms large
on the horizon. For the first time in about ten years the US Federal
Reserve is forced to lend emergency cash to banks to shore up their
cracking structures. In the psyche of the financial Mafia the
gambling frenzy didn't go away, it is their methodology for their get
rich quick ideology. Most "financial experts" clam that the
world's major banks are even more concentrated, and in the category
of "too big to fail" than they were in 2008, and are more
likely to fail in the inevitable coming financial crunch. After more
than a decade of a very limp recovery, the global economy is looking
at another "crisis". The bailouts and the easy cheap money
policies, in no way went to fix the structural failures inherent in
the capitalist system. The cheap money policies facilitated another
boom in speculation and irresponsible lending, boosting share prices
without any increase in real value and building that massive debt
bubble that is now about to burst.
When that bubble burst, and it will, and soon, the failing banks and corporations will once again turn to the governments to heap the problem on the backs of the ordinary people. Surely this time round, unlike our capitalist gamblers, we have learnt something, and we will not tolerate an other decade or more of austerity to hit our families, so that the financial Mafia can again get back its massive gambling debts. We should by now be well aware of the game they play at our expense, and should take a more revolutionary road to protect ourselves and our families from this never ending cycle of bursting bubbles that heap poverty and misery on us, while the perpetrators regain all their plundered wealth.
