Monday, March 02, 2009

The End ?

BBC News: Reports on the World wide slump in shares. The Market is still over priced and we still don't know what debts the banks in the Western system hold. If there is more debts the UK and the USA will have to do further bailouts. The more bailouts we have of banks makes these banks owned by the Governments. The question should be asked at what point does a Government in the UK or the USA say No. This is nothing more than welfare for banks, these bailouts will kill private business for years to come, the point of the Western system is that people can get rich, but also there is balance, people will be poor. The rate of the bailouts means we are all poor, and we are owned by Government. Thus if Government controls the system you have the USSR. At the end of the day individuals have to look after themselves, that goes for banks also, these bailouts will end, then the system will go in to real free fall, what the USA and the UK is doing is only temporary, sooner or later the the debt dyke will bust and we will be worse off in the West.

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