While everybody awaits the return of Stein Bagger from his US prison, danish multimillion corporation, PFA, a company with an economical foundation based on the obligatory pension payments of joe average, is deeply involved in yet another scam masterminded again by a celebrated Wall Street investor Bernard Madoff. PFA faces loss in the area of 165 million danish coronas, Danske Bank(Bank of Denmark) and insuracecompany Nordea, another estimated 350 million danish kroner. Bank of Denamrk is already looking at a 350 million corona loss in the Stein Bagger soap. Thats approx. a 500 million corona loss for Bank of denamrk within three weeks, and I speculate weather its fair if the goverment has considerations letting their crisis-pack for the banking-world cover that loss.
Following a downfall of the economical sytem per se, I cant help to wonder if a ladder part of the hot-air balloon that consituted the capitalistic hard-on over the past years, is anything but a hypthetical construction, an economic wild west, a klondyke, a New Era Goldrush, that understood the subtle art of individualizing the profit merely on socializing the risc, thus, as raw capitalism in its soulless core-value is, a self-consuming monster set to crash hard, pulling a flappergasted half breathing world to it knees, to the abyss.
The conflation between capitalism and democracy is dead in the cradlle, and the cultural war still racing, terrorising and vacuuming the US and large parts of the MiddleEast in particular, into utter poverty cant never be said to be a mission accomplished.
Save our Souls. There is no more moral highground. Stop praying and start running.
http://epn.dk/brancher/finans/article1544445.ece?partner=pol
December 15, 2008
Subscribe to:
Comment Feed (RSS)
|