deconnected. stuff i like. or don't.

so, the governments across the world have started bailing out the bankers who fucked up our economies by using people’s savings as money to gamble on the stock exchange and the real estate market.

credit crunch and all that. and we’ve got “guarantees” for savings of up to 50k etc.

somehow, this again proves to me that the monetary system just doesn’t work. in the past years, i’ve been talking to a few people who predicted that economic downturn, even gloomier than the pessimists are doing now.

i think we’re in for a really rough ride yet. the bailout money will have people starting to dig up the dirt, and more and more will be aware of how flawed and useless our monetary system is. and, with increased money in circulation, we’ve already seen our earnings devalued enormously, and this will even get worse as well.