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..There's a little Samuel Pepys in all of us..

Monday, September 29, 2008

Another short note to start the day..
It's somewhat disturbing.. the lack of what appears to be a general lack of interest among many Americans we've been in contact with, concerning this upcoming election. It's as though there's almost a feeling of fatalism.. that regardless of who sits in the While House, the immediate future is pretty well cast in stone. And whatever differences either Party might present for their plans for a resolution.. all become irrelevant when it comes down to riding this 'bad spell' out..
The emotional side of this election would appear to be taking precedence over a demand for clear-cut and definite plans to repair the economy.. deal with foreign relations and foreign wars.. to define the 'real' enemy and the presentation of concrete plans for pursuing and eradicating that threat..
At the moment.. global governments are busy pouring $trillions into their liquidity funds to keep their respective economies afloat..
But surely someone, sometime soon, will say "Enough!"..
The US Congress is expected to approve by Tuesday, the nationalisation of 'bad debt'..
It would be unlikely to think that other governments will follow suit.. dominos falling, as they do, one after the other..
But consider the effects this will have, in the near future.
After we've taken control out of the hands of institutions the likes of the Bank of England, and the World Bank, and out this 'paper debt', how do the various governments finance these losses..?
We are in financial meltdown.. with governments now legislating away the right to short-selling, a cornerstone on open financial trading, we 're seeing ourselves being led, step by step, towards government control of our banking industry.
Not the way we want to go.

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