Friday, 5 August 2011

The old ones are the best!

Yes, you moronic twat, your profligate money-pissing saved the world.

In other news, this:

Wall Street had its worst day for almost three years as shares tumbled on fears about the eurozone debt crisis and the US economic recovery.

The Dow Jones index closed down more than 500 points, or 4.3%, and came after the leading European bourses fell more than 3%.

It was the biggest one-day fall for the Dow since October 2008.

Earlier, European Commission President Jose Manuel Barroso warned that the sovereign debt crisis was spreading.*

Also in New York, the S&P 500 index fell 4.8% and the tech-rich Nasdaq was more than 5% lower.

Meanwhile, Frankfurt's Dax and London's FTSE 100 indexes had their worst day this year, closing almost 3.5% lower as investors fretted that Italy and Spain might become engulfed in the debt crisis.

"People are throwing in the towel because they can't find relief on any front," said Milton Ezrati, market strategist at Lord Abbett.

Investors sought the relative safety of gold, sending the price of the metal to a new record high of $1,677 an ounce.

Christ knows how many billions of pounds Brown's stupidity has cost us. Every time someone does the sums, it turns out that if we'd held on to the gold, it would have been worth more and more.

Obama's bailout of every greedy cunt who stuck their hand out has clearly fucking worked well.

Rather than actually addressing the structural and fundamental financial issues, it looks like a handful of companies got huge amounts of taxpayer funding thrown at them which has helped to the extent of the square root of fuck-all, as far as I can tell.

The Teleprompter Jesus has failed to save the US. The snotmuncher failed to save us. The collective wisdom of Gollum and his fuckwit elves is clearly not saving the EU.

The only upside of this is that by the looks of it, the Euro is going to go down the shitter in a hurry, so my holiday should be a cheap round this year.

*In February, Barroso displayed his deep financial knowledge by claiming that the Euro would protect the EU from default issues. The cunt.


Mitch said...

We are as they say "Proper Fucked" just shuffling debt around the world fools no one.

Governments should not be allowed to run up debts, they should leave office with balanced books or face jail.

Willy said...

@ Mitch

It's time there was an economic constitutional law, that prevents governments from buying votes, by borrowing money, or selling off the silverware to waste on scroungers.

Willy said...
This comment has been removed by the author.
Anonymous said...

It's all to facilitate the rise of the New World Order, one world government, one world bank...all under the rule of the Anti-Christ.

Biblical prophecy is coming true even as we speak.