Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday 9 October 2008

America is running out of 000000000000

Today someone on the radio said that "America is running out of zeros".

Wait a minute, I thought... they still have Dubya, Cheney, "Condi" Rice, Paulson, Bernanke and McCain, not to mention at least a dozen others whose names no-one even remembers. So there are plenty of zeros... and they found Sarah Palin as well.

Looking around on the internet I think that a country so full of morons as the USA will never be short of zeros.

But after listening a bit closer I realised that the radio reporter was actually talking about real zeros, as in 0, the number without individual value.
The US government's debts have meanwhile ballooned so badly - he said - that the "National Debt Clock" in New York - yes, such a thing exists, no joke - has run out of digits to record the spiralling figure.

The digital counter marks the national debt level of the entire USA and is updated constantly and electronically through a connected computer.
But when the national debt - thanks to robber baron Bush and his gang - passed the $ 10 trillion (10,000,000,000,000) point last month, the sign could no longer display the full amount. It has simply not enough digit fields!

The board was placed on a wall at New York's famous Times Square in 1989, to highlight the then $ 2.7 trillion level of national debt under the rule of another Bush, the current incumbent's father (and former CIA director) George Herbert Walker Bush.

The clock's owners have said that they will now add two more zeros to the display, allowing it to record even a quadrillion Dollars of debt. (Should McCain be the next President, that is quite a realistic figure to expect...)

Douglas Durst, son of the late Seymour Durst who invented the clock, hopes to have a longer replacement ready early next year. For the time being, the counter's electronic Dollar sign has been replaced with the extra digit required.

Economists believe the $ 700 billion bail-out plan for ailing financial institutions will send the national debt level of the USA to $ 11 trillion soon.

Now, isn't that just the right kind of thing to remember Dubya for...?

Monday 6 October 2008

Capitalism is dead - long live Capitalism!

It seems that my friend Nick was right after all. When I met him yesterday morning, staggering home after a long night on the beer, he told me that the world was going to end soon. Well, at least the world as we have known it for some time.

Today the financial 'markets' - which are in fact really large gambling dens for the super-rich - all over the world have seen another massive collapse of the capitalist system.
Iceland avoided to become a failed state only through a state of emergency and nationalisation of their banks, and many ore countries will go down the same route.

We are fucked. Smashed to pieces by the criminals in Washington and New York!
That they almost destroyed themselves in the process is only a minor compensation.

If you need proof that capitalism is dead, today is the day. The system ruled by money, greed and arrogance is no more.

This should be reason for joy. People should be out in the streets, celebrating. But of course they aren't. Because the corpse of capitalism, not even cold yet, is replaced by - guess what?

More capitalism.

Those we were foolish enough to put in charge of our nations have no imagination, no ideas and no flexibility. All they know is money, and so they think they can solve everything with money.

The state has billions of deficit, so what do we do? We borrow even more billions, to make the deficit larger.

We have learned absolutely nothing from history, behave reckless and irresponsible, and are probably the biggest fools that have ever lived on Earth.

Will we change anything now? Of course not. Capitalism is dead, so long live capitalism!

Welcome to the 21st century, the era of collective mass suicide!