First I have a warning for the crew of the “Kobayashi Maru”, it is as follows
Admiralty have ordered ship to be scuttled, officers complying. Suggest other ranks abandon ship rather than hang about to hear the band play nearer my God to thee! End message.
Sitting in my cosy kitchen this morning waiting for the mince pies and tray baked almond slice to cook I pondered the parless state of our economy and the vagaries of those whose business it is to keep it healthy.
These highly paid “Experts” seem to me to be falling short of even the most modest of expectations. For example, They deregulated the banks, result a feeding frenzy with bankers, merchant and otherwise, casting caution to the winds in pursuit of a fast buck and the collapse of the world economy.
Question. Who saw it coming
Answer. None of those paid to keep an eye on such matters.
Question. Why
Answer. Because they were too darned busy lining their own pockets while the bun fight lasted
Ancient as I am I remember a time when expert advice meant exactly that. When you required a mortgage you took advice as to the best deal for you and by and large the advice was honest and in the clients best interest. As well as the banks. Not any more. Banks have sold mortgages of 125% to people who quite obviously would find it impossible to keep up the repayments in order to meet bonus targets. In light of this fact how did the negative equity crisis come as such a surprise?
Poor old Joe Public has in the past couple of decades been sold dodgy insurance, useless pension schemes and all the time the poor sap believed that he was getting “Personal financial advice from his bank.” Joe has no redress for now he is being blamed for overspending, and not providing for his future so "Serve him right ya bo sucks!" sic
World wide governments are playing the game of everything’s under control when it plainly is not. We cannot spend money we do not have we are told,OK.fine, so will some one explain to me why or illustrious leaders think that this is a good time to get mixed up in yet another conflict. Why they are insistent upon borrowing huge amounts of money in order to send aid to a country which has been proved to be aiding the very terrorists WE have been at such pains to route out!
If we cannot afford to keep our own children free from such things as rickets, if we cannot afford to keep our elderly warm, if education health care and the infra structure are in such a diabolical state how in the name of Prince Albert’s cock ring do we feel able to send aid to India, Pakistan and other places. Charity begins at home.
If there is money let it be spent on keeping families in this country in their homes. Thousands of homes are being repossessed by the very banks who miss sold the mortgages in the first place. Millions of people are loosing their jobs, and their home because some greedy young buck in a flash office in docklands felt like taking a bath in Châteaux Margaux!
In the midst of the panic which seems to resemble the last hours of the Titanic, companies are taking strange decisions and embarking upon unfathomable strategies in an attempt to save their corporate asses It is at this point that I will again mention the crew of the Kobayashi Maru, and thousands of others who like them are watching their managers rip the guts pout of otherwise sound companies on which they depend for their livelihood. For who,s benefit ?” You may ask. Well take a wild guess!
It seems that self destruct has an unforeseen appeal to some beleaguered groups.
These types have caused enough damage in recent years, from massive asset stripping corporations like that of the late Lord Hanson, for whom I once had the dubious pleasure of working to much smaller holding companies and hedge-funders who are by definition taking a punt. Playing the financial market involves them in playing with peoples lives, do they care? Do they my.... Aunt Jemmima!
SO where am I going with this ramble amongst this maze OD broken promises and dead dream? Well I suppose I am advertising for business ,because unlike the afore mentioned experts I did see this coming years before it happened as I suspect many other ordinary mortal did.
So if any one out there needs sound financial advice ,ADSUM!
No comments:
Post a Comment