October 7, 2008

The value of, well, everything fell in the UK today, because none of those all important money traders around the planet have any faith in investing in anything here.

They have no faith in anything here because they know how much they fucked it up.

Panicked, the Government opened up the wallet of Joe Taxpayer twice, first for Northern Rock, then Bradford and Bingley. Joe Public's savings were guaranteed, though only to a finite sum. More cash was pushed into the system.

Still it wasn't enough.

The shares carried on diving all day today, all of them deemed to have lost value by the very fucking people who risked and lost that value.

And the Government - all Governments - are completely fucked.

They have to rescue them. There is no choice.

There will be no more money flowing around the world until our money - the money of taxpayers around the globe - absolutely 100 per cent guarantees against all the fuck ups the banks have made en masse.

The banks have got us all by the balls, and the only way out - in order to maintain some kind of status quo - is to give them exactly what they want.

And what happens then?

Easy.

They'll do it all over again.