Tuesday, September 16, 2008

What Next For The Economy ?

Nothing.

A few City boys and girls will move offices is all.

Some may turn from the greed driven trade and do charity work.
But most will return and in a year, maybe two, all will be as it was.

Or will it ?

America's Banking System has all but collapsed.
The UK and European Banks are teetering on the edge.
Governments having to step in and buy out the major Finance Institutions, just to try and stop the rot.
Its not looking good.

Worse, the Governments have borrowed the money from same Financial Institutions and been charged interest on the loans.
Higher taxes for us.
More profit for them.

The last time major finance institutions went bust was the Great Depression, in the 20's.
That led to the rise of Fascism.
That led to a World War.

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