Friday 2 December 2011

Mervin King: crisis systemic .. systemic indeed .. right down to the very core. The flimsy veil of money.

Mervyn King financial crisis: In 30 years, I've never heard such talk from a bank chief | Mail Online

".. declaring that the banking system was in a dangerous spiral 'characteristic of a systemic crisis.'"

systemic .. it is not an accident .. it was bound to happen .. the constraints imposed upon human societies .. see to that ..

systemic crisis .. the system ..of money .. money itself .. money the measure .. the standard .. having replaced the individual .. at fault ..

..the systemic failure .. that tantalises human societies .. no longer ..can be stomached

individuals .. the values adhered .. the flimsy veil of money .. the useless .. inane .. one suit ..goes for all .. values .. society's foundations .. re-addressed .. re-founded .. re-framed .. imperative .. no more hiding behind .. a thin scrawny finger ..

stock exchanges ..banks .. in their inception .. always following the production .. at pace with .. what people produced, manufactured .. created .. invented .. but never leading ..

from the limelight .. where they should have been .. now overwhelming the scenery .. money ..from a servant .. to a ruthless master ..

they grew .. to unprecedented heights .. surpassed what people can offer .. production .. manufacture .. creation ..invention .. a laggard .. the growth of money ..overtook the growth of people ..

the question and the conclusion reached .. in the pre-crisis .. nothing .. is too big to fail .. the world banking system .. the economy as it is practised .. it is not too big to fail ..

whatever ..it is not agreed upon .. any-more .. thrown overboard .. replaced .. and move on .. there is nothing else apart from ..

sticking stubbornly .. on what it does not work .. a hindrance .. a drawback .. on an immense scale .. .. if not remedied .. festers .. to develop to a thorn .. to humanity's backside .. and plague its progress ..

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