Could things in the financial markets be about to get even worse
when trading opens tomorrow, following Friday's lame attempts by the G7 to settle industry and consumer fears (for in this brave new world, we are no longer citizens
)? Watch this space and, more importantly, watch your pension and retirement funds as they disappear into a black hole formed by 30 years of laissez-faire, market fundamentalist ideological dominance within the international political economy.
Just how bad will things get by the time the financial system finally bottoms out? And is this merely a foretaste of why the Bush administration is illegally deploying the Army onto US soil
in the shape of the new Consequence Management Response Force? Exactly what "consequence" are they preparing to "manage" that requires hardened combat troops on the streets of US cities?
Labels: economic crisis, failure of capitalism, financial crisis, G7, laissez-faire, Recession