WTF

"Snowballing sell-off spreads worldwide." Yahoo headlines.

But here's a more salient perspective on the world by people far smarter than you and I.

"Nothing just happens in politics. If something happens you can be sure it was planned that way." Franklin D. Rosevelt.

"The problem isn't a shortage of fuel: it's a surplus of government." Ronald Reagan.

"Politics, and the fate of mankind, are shaped by men without ideals and without greatness." Albert Camus.

"If you ever injected truth into politics you have no politics." Will Rogers.

Which leads me to the obvious questions.

Who is benefiting from this? Follow the money, as someone, somewhere is benefiting from this. Is it power or a cornering of assets? To quote FDR, this type of thing doesn't happen by accident. Was it planned? Who knows. They're either all incompetent or this was done deliberately. Neither is a particularly pleasant though. You decide for yourself. The Fed suddenly has more power. Governments suddenly own massive parts of financial industries and despite protestations to the contrary by right wing governments (Bush included) seem hell bent on buying up more....with our money. The governments have their populaces scared and looking to them for a magic bullet, meaning they can push their collective agendas and do pretty much what they want, and people are broke, so wont complain too much regardless of what they do. Is this 1933 again....look it up. Maybe it's just a way to hide the enormous profits made from the huge oil price spikes of the last 24 months, like they did with Enron etc. Is it that simple? It's probably a lot more involved than that, but you can be sure that this is no accident.

Bollocks, this sucks big time and we played right into their hands by falling for the cheap credit BS offered for the last 10 years. If we're that dumb collectively, I guess we deserve everything we get.