when even the Torygraph finally admits it, then it has become as blatent as it is possible for it to be. Next stop civil unrest.

"And when the banks that look after our money take it away, lose it and then, because of government guarantee, are not punished themselves, something much worse happens. It turns out – as the Left always claims – that a system purporting to advance the many has been perverted in order to enrich the few. The global banking system is an adventure playground for the participants, complete with spongy, health-and-safety approved flooring so that they bounce when they fall off. The role of the rest of us is simply to pay."

http://www.telegraph.co.uk/news/politics/8655106/Im-starting-to-think-that-the-Left-might-actually-be-right.html

I have been reading the comments on Guardian articles recently, including Golems. I think what this blog describes is that we are now in a new game & that things have changed. Judging from the comments written in, by the standard of UK newspapers, a pretty open & progressive publication it seems to me that a lot of people are viewing this crisis rigidly, in terms of the past, left/right, euroscepticism, just another recession which will pass etc.

Obviously history teaches us a lot & shouldn't be ignored, but it kind of reminds me of the 2 world wars. The 1st where the prevailing opinion was that it would be over by xmas & would be something like the battle of Waterloo, instead of the disgusting carnage it turned out to be & the 2nd where the major opinion was it would be like the 1st, the BEF would go to Belgium to dig trenches.

There was little account taken of how the improvement in weapons & tactics would effect the outcome. I think it's the same now with the bankers, technology has given their weapons huge power, derivatives etc & they have become an international force, as opposed to those former powers that were limited by borders & sovereignty. They have given us the financial equivalent of a nuclear timebomb, while wearing us down with attrition.

I don't think people know what they are up against, I'm just hoping that we don't have to go through the financial equivalent of a Stalingrad or Passchendaele before they find out.

Keep posting links, do what you can, plant seeds it all adds up. I have been annoying the hell out of a lot of people for some time, but more & more of them are now seeing things differently & others are at least beginning to think that there might be an alternative to the spoon fed bullshit.

Fungus said, " Look to those who told you it was coming" So therefore, we have to tell others on behalf of those who told us.

I am assuming that Kenny & Co know the situation with the banks, ( I'm not really sure of anything anymore) so when the pile of crap in question does go down, besides Barossa wetting his pants again, Kenny's European masters will not be at all happy with him. Unless of course they also know & it's part of a bigger plan, like the one mentioned by Golem above.

I do hope that WhistleblowerIRL is vindicated one day & hopefully not in a pile of ashes.

@ Golem, when you get the time, please elaborate on your comment. No pressure.

"Our Prime Minister is about as popular as they get at the moment,"

Wow I'm surprised.

'Look to those who told you it was coming..'

Quite agree, and ensure you look to those who had a robust methodology by which they could do this.

Interesting 2009 paper on this subject:

http://mpra.ub.uni-muenchen.de/15892/1/MPRA_paper_15892.pdf

Not an exhaustive list of economists who saw it coming, when & could explain why, but some interesting names. Two stand out for me.

Michael Hudson, associated with University of Missouri Kansas City MMT economists and who has 'big picture' of the bankstas & financial elites scam spot on imo.

Steve Keen, an economist who, since the 1990s has developed thorough body of work proving the key assumptions of the now mainstream neo-classical/neo-liberal economics are nonsense – and by implication, the mainstream approach produces similar nonsense.

Notably, the paper shows how mainstream economics analysis & modelling essentially ignores the flow of wealth (& build up of debt) from the 'real' economy to the 'financial' (casino) economy. Which is why the mainstream had no clue. Wonder how that omission came about eh?

I think you are correct that there is a large element in all this of Europe and AMerica rtying to fordce the other to blink first.

I believe the Americans are actually consciously following a strategy they first used in the VIetnam war. It is a strategy invented for them by an American Economist. I think it is quite possible the Europeans are using it as well.