Credit Crunch Media Frenzy

I am well aware that s*** rolls down hill, and starts at the very top. The banks, ultimately are at the top of the mountain, and have felt the pinch. This is because although they are at the top, they rely on us slaves to earn the real money, and give it to them, either being in the form of interest from a loan, or overdraft, or even to just have them banks look after it for us, so that they can invest it wherever they feel fit. After all, they are the money experts aren’t they? I mean, it may be an extreme rarity for a bank/money lender to go broke, surely it couldn’t happen. Most certainly couldn’t happen to several banks in quick succession could it? Well we all know that this has happened.

It is only a matter of time before us serfs have to stomach the bill for their cock up. For an organization who will penalise you for making a payment a day late or going overdrawn a couple of quid with no hesitation, it is a bloody cheek for the taxpayer to bail them out. We pay no matter what, again to keep the rich people rich, and keep us in order.

What caused the credit crunch? I have no doubt that many will be blaming the Al Kader Sept 11th tragedy, (if it truly was Al Kader who done it but that is another story), many will be blaming the yanks, but most will be pushing the blame onto the government. In the very near future things are going to get hard for us when the big turd ball descends on our heads. As far as I am concerned, greedy home owners are the ones to blame. The price of homes in England are all out of proportion to everything else. For first time buyers it is an almost impossible task getting onto the first rung of the ladder. There is very little chance of getting a council house anymore thanks to good old Maggie for selling them on the cheap so that the person who bought it could sell it shortly afterwards for a huge profit to those with plenty of money and a good wage who wanted to move from the city and live a country life. In turn giving the locals who earn considerably less money absolutely no chance of competing in the housing market, and effectively becoming the second class citizen in their own village. The only way us country bumpkins can buy a house is to borrow more than we can afford, and lie about our annual income. Not being able to make payment in a lot of cases, increasing crime, poverty and misery. Eventually going bankrupt. If enough people go bankrupt, so do the banks. Maybe if the banks hadn’t have ripped so many of us off in the past, and had been a little more forgiving on late payments, or at least loaned money at a sensible and realistic rate, they could have saved themselves, as well as us.

Monetary greed has taken over again I’m afraid, and with a little help from the press, all hell has broken loose.

Tell me this: if there really is a credit crunch (and it isn’t just an underhanded ploy for the government to take over control of the banking system), and people aren’t spending their money. What are they doing with it? Are you all keeping it under the mattress, or are you leaving it in the bank? Does it all go on the end of month credit card bill which never gets paid off? Surely, if it isn’t being spent, it must be sitting in the bank, which is odd, how could the bankers be skint even when they are holding onto more money, on account of no one spending it?

The media have behaved irresponsible to say the least. Causing mass panic throughout the so called civilized world. To tell us that this latest recession could be as bad as the 1930’s episode, was not the most intelligent thing to have reported. This will only bring it on harder and faster that it would have done otherwise.

Well at least house prices are crashing. Even if we don’t have anyone willing to lend us the money to buy one!

Gibbo.