I remember when the “North” picked-clean the bones of the “South”. Rich countries became richer, it was believed, and poor countries were stripped. (Corrupt governments were known to exist, but only in the “South”, so the government borrowed and then stole the money and then the taxpayers had to pay off the debt. IMF helping generously in this stripping.)

Today, all countries are in the “South” and the “North” has been replaced by the consortium of big banks, the Globalized banks, the “system”, and all countries are being picked-clean.

Yea! privatisation! Let the wealth of the world belong entirely to the banks! Cheers! Drinks on the house!

The situation would probably become very interesting if the banks, or their government flunkeys had to install meters in every house & give out estimates for the above’s yearly cost – as is the case with the water charges. Nothing like a bill in black & white to deliver a nasty reality check.

This information is public but the public have no understanding of the ramifications. This is by design. If they did actually know what has been done, there would be hangings in the street.

The EU ‘banking union’ which the 1% are pushing through as quickly and quietly as possible, is to ensure the next financial crash will be paid for by a European wide bank ‘bail in’. The respective governments will then plead that they are powerless to stop it due to it being ordered by the ECB.

Mark my words…

I have to agree with that Jesse,

excellent definition as well.

‘Progressivism is not a single action, or a single party or candidate. It is an outlook, a way of life that is interlocked in a continuing struggle against the forces of greed, inequality, injustice, and repression.’

Welcome back David, time spent with the family is time spent properly, we only get so much and it is easy to get sidetracked (the pressure to pay bills, put up with commenters etc.).

I understand how much work you put into each piece, and that each piece is personal but time is precious.
(which means you have to take the time to read the comments, I fear that some of the comments spill over into your real life)

You used to accept Guest Posts, I’m sure Hawkeye or Jesse or many of your literate commenters would jump at the chance of putting up an article on your site (which might alleviate some of the pressure)

And for gods sake put some adverts on (you don’t have to go mad, just a line between the article and the comments should at least pay for your hosting).

Protest, activism, and politics are not discrete. They are all a part of the whole of progressive reform.

Progressivism is not a single action, or a single party or candidate. It is an outlook, a way of life that is interlocked in a continuing struggle against the forces of greed, inequality, injustice, and repression.

Ah I see…..thanks Guido.

One more observation Backwardsrevolution.

The arithmetical reality of debt is that once your Gdp/Debt ratio falls below 1 you have only two options left:
1 You can pay the debt off
2 You can have the debt written off

The point we are at, of course, make both these options viable only by coercion.

And here is where most people misunderstand the problem.

The largest holders of Western sovereign debt are not Japan and China as it is widely thought.

The largest holders of Western sovereign debt are Westerners themselves through their pension, insurance and investment funds and, now, through our own central banks…

The actions of sovereigns (TARP, QE, LTRO…) and the IMF (advocating the confiscation of pensions which equals the writing off of the debt) should now begin to come into focus?

Pushing the arithmetical deductions further, makes for a dark reality. Suddenly, things that are happening begin to make more sense and the future is looking fairly destructive….

I sent in a jeremiad for your critique. Maybe check your spam folder?