And regarding your style of writing, i see both critical reflection and sharper more punchy posts like this as a good way to get across your knowledge. As you do both together on here i wouldnt go wholesale on the Lars approach. You need both.

Good also that you seek to enlighten us on what, where is next phase, which leads me to:

The EU prop-up fund + ECB purchase of sovereign debt have baffled the markets for a moment in an "is it true?"-pose.

I wonder if it is true. To become true, it must be pushed through, in 27 capitals. I doubt that the finance ministers meeting for the Greek bail-out on Sunday had the power of attorney in their pockets for committing their countries to yet another and much bigger one.

I guess the details are being hammered out now in Bruxelles before the members will know exactly what they have signed up to. Bruxelles may want to stall on that one, and not move before markets again demand one more dose of posturing.

It was hard enough the first time with the Greek money.

Details presented from Bruxelles: In-fighting in capitals and among capitals may occur and throw more jitters onto those sensitive beings, formerly masters of the universe, now unfortunate victims of adverse circumstanc, in short the banks, and then we're off again….

You win. Less rhetoric and metaphor and more rational analysis. Is the new post any better?

That may soften the blow of your words compared to a realistic depiction of what goes on. Some will even discard the content altogether if the metaphors are too far-fetched.

I was once very surprised to see your comment on the Guardian having been deleted by the moderator. I thought, how can that be possible with a cold rational voice like that of Golem XIV? I any case, the content of your message was lost that day, and I for one am sorry not to have got it.

What has impressed me with your writing, is your rational reasoning from the same set of hard facts and analyses that the financial classes refers to in their actions in the marketplace, but with a democratic and enlightened perspective: You speak like a citizen (think Greek city state, where free men had the leisure to take actively part full time in the state's affaires).

You uphold the reputation of the dissenting citizen.

I think the financial class is an occupying power. They are also a class and so a Marxist analysis works for me. But I want to emphasise the betrayal of fellow countrymen and women. The selling out to an occupying force and their ideology. I think our political class are quislings who have willingly sold us to an occupying force and ideology. They betray us and it does not make it better by telling us it is for our own good.

As a Norwegian, I can tell you that 'quisling' (Norwegian "statesman") has a connotation of puppet (regime) for a foreign occupying power.

Our situation looks more like a class struggle.

The capitalists have really come back with a vengeance: They have in 2 short years managed to claw back what the workers had gained over a century, by indebting the welfare states to their benefit, so that the social security the state was to provide now is in jeoapardy.

And it's all being done in the name of "the common good". Now, isn't that the amazing power of ideology (in Marx' sense)?

Sometimes its good to be pulled up and told to do better.

And as you say these are dark days. Our leaders are quislings. Who will stand up. I will. You will. Who else?

I know that it is grasping at straws, but who else can intervene on behalf of the little folks of Europe, when their non-elected leaders and ECB burden them with the banks' rotten assets and give away their future welfare?

Point taken.