Don’t look now! The bankster gangsters are at it again, despite being bailed out to the tune of billions of dollars just a few years ago. JPMorgan-Chase Citibank and others acting like addicted gamblers walking into a crap game in which the dice are loaded against them have come up with some ‘bad trades’.
Then they reported only about one third of the losses incurred? Add this to the recurring problems at Barclays. This is a fine mess!
Do they think they can get away with this?! Well of course they can!
A recent look at our media has shown attacks on Canada’s marketing boards, what remains of them anyways, promotion of some meaningless free trade nonsense. Oh boy, Canada has been invited to join happy days, are here again! Plus Canada’s National Magazine the Globe and Mail has been really quiet here.
Socially we’ve had some self righteous nonsense about those on welfare being forced to work for their money. Punish those least likely to resist.
Now let’s have a recap. Our present financial malaise has nothing to do with old-age pensioners, seasonal workers on EI, welfare recipients, or state-owned industries on marketing boards.
It all began when various governments have great faith in some free market tooth fairy hovering in the wings deregulating the financial sector. This led to the ‘banksters’ inventing ‘financial engines’ that even they can’t explain which brought the entire economy down – or would have if it had not been for the largest dose of socialism in history – banks were rescued, the big three auto makers were bailed – worse than that, for the free market Easter Bunny gang it actually worked.
So like sending a hockey team out on a tennis court to play the game with a basketball our respective governments and media concentrate on policies that bare no resemblance to the ‘real world’.
This triumph of ideology over common sense let’s the banksters off the hook.