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Subprime Eastern Europe to Bankrupt Western European Banks

Ilyan | 05.03.2009 08:55 | Analysis | Sheffield | World

Who are these Sheffield people?

 http://www.marketoracle.co.uk/

Are they an undercover Earth First! Primitivist organisation trying to collapse Industrial Civilisation, or are they a Hedge fund that has taken a very Short position in the Market?

If the latter, how can they profit? Gordon Brown's and the Treasury's stupidity bankrupting the Nation to save criminally mismanaged Banks, and their present Hyperinflation money printing ideas removes all possibility of rationally coping with the coming Depression.

The enormous paper profit from cashing in a big Stock Market Short will be valueless when it all has to be spent buying one loaf of bread.

All politicians are equally guilty. they have destroyed the basis of our Society. What sort of Society will evolve after they have all been strung up during the breakdown?

That is a slightly false question, the probability is that industrialisation has already produced enough pollution to terminate all Life on Earth. Whatever Society evolves is unlikely to last long on this planet. "The Negative Outcome of Economics"

Ilyan
- e-mail: ......thomasatvirgin.net

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  1. Can India follow China? — Ilyan
  2. Sound Advice — Sobersides
  3. Delay Drinking time a little. — Ilyan