Predictions
for the global economy and banking system grow more dismal by the
day. One financial commentator, Business Insider, puts it thus; “The
problem is not Government Debt per se. The real problem is that the
$70trillion in G10 debt is collateral for $700 trillion in
derivatives--- Yes, that equates to 1200% of global GDP and it rests
on very, very weak foundations.”
Here
in Europe the financial Mafia and their action men, the national
governments, waffle with all sorts of ideological theories, from
bleak brutal austerity, to austerity with grow, but nothing is
actually being done, meetings and discussions keep them busy, sort of
fiddling while Rome burns. Of course we shouldn't blame them too
much, as in actual fact there is nothing they can do, the ship has a
large hole well below the water line, it is called “magic money
made from nothing”. What this means to the ordinary people caught
up in this the biggest ponzi scheme of all times is dire poverty and
deprivation on a scale not witnessed before. At this stage of their
game unemployment across Europe is now at 11% for the second month in
a row. Spain, has the highest unemployment rate in Europe at 24.3%,
about the same as the US during the “Great Depression”. Greece at
present has 21.7% unemployment, with Italy and Portugal both having
15.2%. France, one of the supposedly economically strong nations of
Europe has unemployment running at 10.2%. Even that saviour of the
western capitalist system, the US, unemployment has risen again and
is now at 8.2%. These figures equate to 17.4 million people out of
work across Europe, of that total 3.5 million are 25 years old or
younger, up 214,000 on the previous month. What future does that
predict for those young people of today and those still at school?
In the face of all this “economic gloom” companies across the
globe are shedding jobs like trees shed leaves as winter approaches.
To any informed
observer of the capitalist chaos that is at the present time,
destroying millions of lives across the planet, it becomes obvious
that the system cannot work for the benefit of the ordinary people,
it cannot be transformed into some fair, just and compassionate
system that will see to the needs of all our people. It is and has
always been an unfair, unjust elitist system and at present it is the
the throes of its biggest crisis since its inception, and its only
chance of survival is to plunder all public resources and assets and
in the process destroy the lives of millions of innocent people. This
chaos in the capitalist ponzi scheme is also an opportunity for the
ordinary people to organise outside the system and take control of
their own lives, control of their communities and their work places.
To start to build a system that will produce for the needs of all our
people freed from the greed for profit, a system that is built on
co-operation and sustain ability. Now is probably the best
opportunity we have had in years to bring down a system that has
exploited our parents and our forefathers, generation after
generation. In the words of the song, “From the ashes of disaster
grow the roses of success”, however it is up to us, the ordinary
people, but we have to do it without, Leaders, Presidents, Monarchs
and others of that ilk. Their record is one of greed, disaster,
exploitation, war and deprivation.
An attempt to rescue the bankers and their friends.
