Urban Legends

Debtonation: how globalisation dies:
”when the financial sector faced meltdown it had to rely on the state - in the form of central banks in United States, Europe and Japan alike - to intervene in order to restore a semblance of stability. In the real world, citizens and taxpayers are once again obliged to bear responsibility, and pay the costs incurred by the reckless and unrestrained greed of the world of high finance.”

Your Tax Dollars at work – their real duties...

The end of gentlemanly capitalism:
”Over the past week, we - the rich-world voter and taxpayer - have bailed out the hedge-funds, their bankers and their counterparts caught in the global squeeze on credit. Again. It happened in 2001 and in 1998. The financial system has once more fallen into the soft, bouncy, but ultimately comfortable safety-net (trampoline?) that we - all of us together, through our central banks and the losses we are prepared to underwrite as taxpayers - extend to troubled financiers.”

To repeat:

have bailed out the hedge-funds, their bankers and their counterparts caught in the global squeeze on credit. Again.

So much for “Winners” and “the Strong” – all the hot air about free market, about risks and benefits is just their way of freedom to get everything they want while risking nothing personally, to take the benefits and let us (and the so much blamed state) bear the risks...

Noam Chomsky is right – about the modern “convenient myth”...

Urban Legends, created by the HaveMores to silence the stupid masses (sorry, Bill and Melinda, but you know, you are exceptional), to make them pay and suffer for the Aristocracy.

Pharao told his people he would be god – and Rockefeller tells his people he would be good...