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

Saturday, September 27, 2008

As this is set to paper.. figuratively speaking.. John and Barak are going head-to-head on the issues facing their enfranchised public..
Now, we'll keep this in the background..
'Earmarked Funds' and business tax..
So far, it's a pork-barrel issue..
Ahh this will go on and on.. but so far, it appears Barak's less well briefed.. John more prepared..

But what has been perhaps the greatest show on earth has been playing at Stock Exchanged around this globe this past week..
And, this may prove to be the longest run.. no pun intended.. we've yet seen..
The situation, as it stands, is reaching the breaking point..
The point at which governments, to a legislative instrument and a source of 'last line of defence' financing, and what few legitimate financial institutions still standing, solvent, and capable in crisis management which would avoid the looming spectre of overwhelming government investment in the public sector..
The point at which the man on the street will really feel the pinch..
When, after stopping after work at the Spar..7-11..Macs.. whatever.. they stop, count the change in their hand and think "..this is what £17 get's you these days..?"
And when their quarterly heating bill comes through the Post, and there's yet another £35 per month off the ever-diminishing disposable income..
Now this is certainly not merely hard times to come here in Britain and the US.. It's hard times on a global scale..
An American meeting is taking place now, with the Finance Ministers and the Prime Ministers of several countries..
Two are notable. Gordon's there, and he'll doubtless be bringing back an idea of what the US actually predicts for the next couple of years, and how it's going to affect us..
And the Prime Minister of India along with Finance Minister Palaniappan Chidambaram are in attendance, both to plead their country's need for economic support, but to present their case as an invaluable ally.. a keystone in any plans the West might have in economic expansion into that potentially vast market..
But back home on the ranch.. we've not got a rosy future to contemplate..
This debate.. from this point of view.. would appear to be John's on points.. so far..
John made a valid point that Barak's offer.. to meet with Iranian President Akhmadenejad with no preconditions.. Rocked Barak with that one..
We're watching the tumbling tower of the paper and electronic cash monolith which has supported our lifestyles.. the magic act of the millennium..
You's best watch closely.. or you'll miss it..
The disappearance.. before your very eyes.. of what will amount to eventually, to be trillions of American dollars!
Debts will vanish without a trace!
Cash will inexplicably appear in the funds of vehicles which will then make it into the hands of banks.. and consumer credit, while still tight, might bring that dream if the unholy-huge plasma screen for Christmas, just a little bit more plausible..
We're facing a crisis the likes of which we've never faced before..
We need leaders the likes of whom we've not seen in decades.. and all of the West will soon be deciding who those leaders will be..

Interesting times..

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