Global Cashastrophe

Posted on Tuesday, September 18 at 19:29 by Diogenes
And apparently it’s not just banks that are going bust, bankruptcies amongst all businesses are up 300% this year in the US. Hey but don’t panic, be happee … keep on spending like there’s no tomorrow (which used to be a figure of speech) to keep those shareholders happee. Cast your mind back to the 1980s (if you dare); remember the last time a bunch of banks went bust? Then it was after the ‘deregulation’ (a newsspeak way of saying that doing something illegal is now legal) of the Savings & Loans industry that they came a cropper, with the federal government having to fork out a couple of trillion dollars to save the banking industry from total collapse.[1]... Full essay: http://www.creative-i.info/?p=103

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