Another banking scandal is raging. But no bankers will be punished. That’s a dead cert.
Hi, it’s the credit crunch again; many of you reading this might be feeling the pinch. It’s a known fact the world’s paper money is still churning away. The choice in currencies is still being discussed. And rumours of all kinds of blood money from wars are being reported as the number one thing keeping countries afloat with aid. The maths department is sadly lacking in a lot of departments and banks and the futurists are struggling to make ends meet as they try and give value for money as they get the interest rates all jumbled up.
The latest rigging of interest rates from Barclay’s has revealed the loopholes investors are facing. The money given is already been used and now it has been given back to the purse of those who need it most. Nothing changes as public news of mix-ups like this that create disharmony in today’s society. The city of London is thriving in culture right now; this seems to be a likely investment.
Investing in art and creativity has kept people busy and looks great. You walk around London thinking nothing is going on, but you turn on the wireless or switch on the television and see poverty, destruction. Walking down the street you’re offered all different ways of contributing to charity in places where conflict and war exists.
Some time you get glimpses of people emanating the charitable pitch by asking for small change to buy a small meal anything from 20 pence to 50 pence. Paper money is of no real value to the sad people who have nothing, who are feeling the recession living life under pressure of bills and mobile media contracts.
The biggest saving grace for most people is the banks, take that away and they fend for themselves. Some of us will struggle to make payments on time but will inevitably be responsible and able to contribute to saving at a local level any giant collapse. Sharing the load rather than pressurising the fees and penalties.
Most people these days are asleep or pulling straws, juggling around currencies or moving stocks. On the other side there are people clutching lottery tickets, hanging around the bookies, if this truly is a recession it does not seem like it. The banks are still open that’s the main thing. Go over to Stirring Trouble Internationally to find out what’s going on there.
The city of London is getting ready for the Olympics and they are clearing out all the clutter. This week Barclay’s Bank Manager resigns after a big fine. It’s interesting what George Osborne said about interest rates, Marcus Agius has resigned now and CEO Bob Diamond may follow suit.
- Barclays CEO Diamond Quits With Immediate Effect – Bloomberg (bloomberg.com)
- UK parliament to probe rate rigging (bigpondnews.com)
- Barclays bank CEO Bob Diamond quits amid scandal (finance.yahoo.com)
- Probe into Barclays interest-rate rigging scandal (independent.ie)
- You: Barclays Bloodbath (thedailybeast.com)