Tuesday, March 19, 2013

Where Did All the Money Go?

The treasuries of the world's capitalist countries have been turned over to the banks by our corrupt political caste of morally deficient opportunists. The banks are keeping the accounts of the rich minority topped up because of their losses through junk bonds. The bankers and bond traders have lost their rich masters' money through their excessive risk taking, believing assets would continuously grow in value. They didn't. Many banks should have been declared bankrupt according to capitalist theory, but were not. Governmental lackeys bailed them out with our taxes, and now governments have to recoup the tax money out of us! Of course it suited the capitalists because they want government to be minimal, merely to serve their own purposes and not the needs of the people, whence the cuts in public benefits and services, and the refusal to tax the rich, whose greed caused it in the first place.

"In 2001 there were 497 dollar billionaires with combined assets totalling $1.5 trillion. In 2010 there were 1,210 of these super-rich with assets totalling $4.5trn—more than the gross domestic product of Germany"

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