Bloody Friday

Today the world's great gambling dens, known as the 'financial markets', have gone crazy once more and share prises have lost much of their value.

Most of the main stock exchanges experienced the worst declines in their history, with drops of around 10% in most indices.
In New York the Dow Jones industrial average index fell 3.6%, not falling as much as other markets.
The bankers and stock brokers have dubbed today 'Bloody Friday', which is even worse than the infamous 'Black Friday'.

Whatever next? How far can a share price fall?
Well, I suppose until it reaches 0.00 ... but given the shenanigans the banks have invented, this might not be the end after all. Perhaps shares can have 'negative equity', like houses.

Both the US Dollar and Japanese Yen soared today against other major currencies, particularly the British Pound Sterling and the Canadian Dollar, as world investors sought safe havens for their money.

Yes, there is no shortage of money on this planet.
Quite the opposite. There's loads of it. But it is usually in the wrong hands and pockets.

Those who have too much know nothing better to do with it than to gamble on the 'financial markets' and thus create perpetual turmoil for the world's economies. And neither governments nor their central banks seem to be able to stop the dangerous nonsense.

Why? Because most governments are in the pockets of big business and the wealthiest people on the planet. They are the 'untouchables' of our time, untouchable by the law of any country, and controlling what ever they chose to control.

Today the deputy governor of the Bank of England, Charles Bean, made a frank statement, very unusual for a central banker like him.
"This is a once in a lifetime crisis, and possibly the largest financial crisis of its kind in human history," he said.

And he's probably right. The super-rich are playing cat-and -mouse with the rest of us, and we have to pay ever higher prices for everything, while we also earn less - to keep 'competitive' - and have to pay more taxes to bail the nearly bankrupt government out.

The joke's gone too far, and it's not funny in the first place.
It's time the ordinary people get their acts together, organise themselves and put an end to the plague of our time: uncontrolled and unregulated rampant capitalism.
If we want to survive, we need a revolution!