liarpoliticians: For the first time in the UK's history, the governments credit rating has been cut from AAA, to AA1 by ratings agency Moodys. This is what happens when you make bullshit cuts, instead of cutting things like borrowing £10bn+ to install internet spying system in the UK (because the paranoid politicians have become VERY scared of the people).
22 Feb 2013
Galloway immediately left the discussion session at the university's Christ Church College, to a chorus of haughty laughter after Eylon Aslan-Levy, accidentally revealed his Israeli apartheid regime origins.
(Angelo: Of course, all awakened good loving people respect and support MP Galloway's stance against the blatant Nazi style 'Israel' apartheid gulag regime.)
Submitted by Tyler Durden: Via Hinde Capital,Central banks are the devil. They are like drug dealers except they administer regular doses of supposedly legally prescribed barbiturates to their addicts. The 'easy money' or 'credit' they create is an opiate and like all addictions there is a payback for the addicts, one exacted only in loss of health, misery and death.
The economic system is an addict, but that system is comprised of banks, corporations, non-profit organisations, small businesses all of which are communities. And what comprises communities, us, human beings - individuals. We are the addicts.
Popular economic academia understates human action in the economic equation of money. It is human preferences that determine our desire for goods and services and so in turn really determines the utility of money. Sadly the desire of the State to control money and administer it like a drug has left our economies unproductive and incapable of standing on their own two feet.
Our reliance on 'easy money' as facilitated by credit has become terminal. Like drug users we continue to attempt to find a heightened state of Nirvana. We continue to hark for the utopian days prior to the eruption of the post 2008 crisis, even though our well-being was fallacious and based on an illusion of wealth paid for by credit - a creditopia. The abuse of credit is what defined the Great Financial crisis and one that still defines our economic system and one which will define a much worse crisis to come.
This is a motivating factor in sending clandestine bombers from Afghanistan to Pakistan to destabilize Baluchistan in Pakistan (and Iran). Source