Economy

Two systems are before the world…. One looks to pauperism, ignorance, depopulation, and barbarism; the other to increasing wealth, comfort, intelligence, combination of action, and civilization. One looks toward universal war; the other to universal peace. One is the English system; the other we may be proud to call the American system, for it is the only one ever devised, the tendency of which was that of elevating while equalizing the condition of man throughout the world. Henry C Carey, The Harmony of Interests (1851)
Smarting from a summer of virulently anti-capitalist, anti-globalist, anti-well-just-about-everything sentiment, the Gods of the free market pantheon gathered at a recent half day seminar on the causes of the financial crisis to discuss and debate their preferred solutions amongst friendly (present) company (accepted).
As I write this, in a real sucker punch, the FTSE is up 10% so far today. Hooray, the world is saved! Or not.
Britain is in a state of collapse. That must seem like a redundant statement, since just about everyone recognises it. Things are getting bad enough that even our immigration "problem" seems to be solving itself.
History is a cyclic poem written by time upon the memories of man.  - Percy Bysshe Shelley
Many people believe that the Bank of England is a privately owned corporation. Many people believe that it's owned by the Rothchilds. Neither of these beliefs is true.
Those were the closing words of the new global chancellor of nothing yesterday, during his post G20 summit speech. "These are not just a single collection of actions," he said, "This is collective action; people at their best. I think a New World Order is emerging, and with it a new and progressive era of international cooperation. We have resolved that from today, we will together manage the process of globalisation ..."
When sorrows come, they come not single spies, but in battalions - William Shakespeare, Hamlet
The IMF is out of cash. That is, according to the governor of Mexico's Central Bank, Guillermo Ortiz, at this years otherwise absolutely insane Davos economic forum, who said, "The IMF does not have enough money for what is coming."
It is truly incredible how brass necked the financial elites and their political puppets in all parties have been in treating the world financial system as their personal cash machine, while the "experts" who, until recently, were "completely surprised" by the crisis, are now forecasting corporate and personal bankruptcies, mass unemployment, and world food shortages.

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