Sanders is a self proclaimed socialist. My kind a guy. Unfortunately he is screaming to a vacated forest. More pain [austerity] to come. It offends me when the MSM says they want to privatize certain segments of services. They are using the wrong word. Corporatize is the word they should be using. When Corporations, Military, Banksters, and Government are in bed. Then that is Fascism.
That's interesting. In the UK the euphemism for privatisation or corporatisation as you say is 'outsourcing'. A particularly ugly and mendacious word. Sinister.
I guess what I mean is that the Postal service, Prisons, Schools, etc. Are being privatized. They are not. Huge Corporations with major lobby power in D.C. are behind this [privatization]. It is putting more power and control under the elite. As Bernie says, 60% of Americas assets are controlled by 6 "too big to fail" Banking institutions. On Monday I will be opening a new bank account with a local credit union.
'Too big to fail' - this is the key phrase to the Greek crisis. It's not Greece which can't be allowed to 'fail' - it's the major banks who have loaned to them and would be severely stricken by a default.Banks in Greece hold €38.4 billion-worth of the government’s bonds, according to the Financial Times. This amounts to almost 8% of their total assets. A big write-down in the value of those bonds would leave the banks crippled. But around 70% of Greek government bonds, €213 billion-worth, are held abroad, mainly elsewhere in Europe. Too big to fail indeed.
Sanders is a self proclaimed socialist.
ReplyDeleteMy kind a guy.
Unfortunately he is screaming to a vacated forest.
More pain [austerity] to come.
It offends me when the MSM says they want to privatize certain segments of services.
They are using the wrong word.
Corporatize is the word they should be using.
When Corporations, Military, Banksters, and Government are in bed.
Then that is Fascism.
That's interesting. In the UK the euphemism for privatisation or corporatisation as you say is 'outsourcing'. A particularly ugly and mendacious word. Sinister.
ReplyDeleteI guess what I mean is that the Postal service, Prisons, Schools, etc.
ReplyDeleteAre being privatized.
They are not.
Huge Corporations with major lobby power in D.C. are behind this [privatization].
It is putting more power and control under the elite.
As Bernie says, 60% of Americas assets are controlled by 6 "too big to fail" Banking institutions.
On Monday I will be opening a new bank account with a local credit union.
'Too big to fail' - this is the key phrase to the Greek crisis. It's not Greece which can't be allowed to 'fail' - it's the major banks who have loaned to them and would be severely stricken by a default.Banks in Greece hold €38.4 billion-worth of the government’s bonds, according to the Financial Times. This amounts to almost 8% of their total assets. A big write-down in the value of those bonds would leave the banks crippled. But around 70% of Greek government bonds, €213 billion-worth, are held abroad, mainly elsewhere in Europe. Too big to fail indeed.
ReplyDelete