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Begone, financial vampires

  • Posted by A L Kennedy
  • 21 October 2008

AL Kennedy is on the move. Pondering the romantic potential of Stockholm Syndrome, she takes time out to wish exile on the moneymen

It was bound to happen – the final twangy bit holding my mental compartments together (or, indeed, apart) was eventually bound to go ping and leave me. I think that happened in Blackpool. Not sure. I have, since we last spoke, been flinging myself into the joys of a writer’s autumn: festivals, festivals and then some touring and more festivals. So Wigtown was followed by Blackpool, by London, by Stockholm, by Cheltenham and by I no longer even care where I am now: wherever it is has food and a bed - I therefore like it. And most evenings I will be up on my hooves doing comedy, or reading, or inconversationing, or perhaps all three. Of course, there is other work to do during the moderately endless hours of travelling. These hours being extended vastly by my plane phobia. For example, I went to Stockholm by train. Or rather, eleven trains and two ferries – my, how I laughed, cried, hallucinated, collected spare change in multiple currencies and drank too much coffee – well, who needs to sleep ? There are things to do.

The things would currently involve rewriting a book of short stories to prevent its shades of misery from being so utterly repetitive that it causes people to die simply from holding it while still in the bookshop. (At this point my publisher would want me to insert some kind of disclaimer to point out that it’s actually a lovely volume full of kittens and sunshine, but you’re hardly going to swallow that, are you? It’s by me.) So my hands are covered in red ink and my loathing for every word is increasing exponentially. I also, for at least two very pressing reasons, have a film I need to hit with a hammer until it works – plus, autumn is the time when writers have to release damp-eyed, gangle-legged young projects into the maze of razor blades and paperwork which is the BBC offers round… off they go, often to fall into the first water hazard, sometimes to trot blithely on towards the next levels of risk, torment and origami. I am sustaining myself with a new CD of music from the Tower Ballroom’s Mighty Wurlitzer – genuinely, the first unremittingly jaunty sound you’ll hear as the demons haul you under to your just deserts

Still, I do quite like the travel – Wigtown had lobsters and cake, Blackpool was Blackpooly and allowed me to learn from various palmists that I am married, divorced, due to have twins and going out with a man who has one bad knee and the letter t, l, a, d, m, n, or c in his name. So that was reassuring. And Stockholm was a treat – always wanted to go there in case they had any Syndrome left. Given my busy schedule and cosmetic disadvantages Stockholm Syndrome represents one of the few ways I would realistically get a gentleman (with or without working knees) to commit himself fully to being fond of me. Four or five weeks in my fundungeon and I feel almost anyone would be able to convert their fear, pain and outrage into sincere and lasting affection.

No. Actually, after more than a month of hostage maintenance – the first aid, the dry cleaning, dealing with the whining and the blood – I don’t know if I wouldn’t be terminally jaded about the whole business. So that’s another option gone.

One benefit of my journeying has been that it keeps me from brooding about the sixteen grand I’ve apparently given to a wunch of bankers for shagging my economy by balancing it on funny money and a house price bubble. I would just mention that their plodding brand of duplicitous charlatanism was exactly what we were told would bring new life to the NHS, our schools, our public transport… Can we just stop pretending we believe that shit now? If we want to know about health care could we, for example, just ask doctors and nurses, maybe focus on keeping people alive in the most convenient and pleasant ways possible? Maybe we could chuck money at the systems which will help us survive when everything topples into the pit we have dug for ourselves and are currently still dancing round pretending that consumer debt and singing lalalalala will sort everything out? And, dear God, could no one else tell me that controlling the actions and bonuses of these weasels would drive them to other countries and that this would be a bad thing. That’s like suggesting the prosecution of burglars should be suspended in case it causes them to use their housebreaking skills on Johnny Foreigner. If our financial vampires want to go and knacker someone else’s banks – let them try. I’d even conjure up a poem to commemorate their departure – I’m busy, but I’d make the time for that.

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3 comments from readers

stevenearlsalmony
21 October 2008 at 15:46

Recognizing that which is a product of arrogance and also shameful behavior.

Our lexicon of business activities is being expanded daily, thanks to the "wonder boys" on Wall Street. We are learning about derivatives, collateralized debt obligations, credit default swaps, recapitalization, puts, short selling and so on. We are gaining a new vocabulary from the recent meltdown of the financial system and expected slowdown of the real economy worldwide.

Where did this debacle begin? Well, it began in the center of human community’s banking and investment houses in the financial district of NYC. Supposedly, the "brightest and best" among us go to Wall Street, know what they are doing and do the right thing. Unfortunately, such assumptions turn out to be colossal mistakes.

How did this calamity occur and why is the human family in such dire economic straits? It appears that grotesque greed and a culture of corruption have come to dominate significant operating systems of the global political economy.

Powerful people in high offices within huge business institutions with access to great wealth are recklessly and deleteriously manipulating the unbridled expansion of the global economy in the small, finite planetary home God blesses us to inhabit.

Self-proclaimed Masters of the Universe have surreptitiously "manufactured" a sub prime "asset bubble" and perversely fostered its uneconomic growth within the world economy. Not unexpectedly, this asset bubble did what bubbles do. The sub prime bubble burst and made a mess. Global credit markets have frozen, stock prices are tumbling and the value of the dollar is gyrating.

Evidently organizers, managers and whiz kids overseeing the global economy, and the unraveling {ie, deleveraging} of the worldwide sub prime swindle, are running the artificially designed financial system of the global economy as a pyramid scheme.............

Steven Earl Salmony

AWAREness Campaign on The Human Population, est. 2001

Douglas Chalmers
21 October 2008 at 17:17

"... the final twangy bit holding my mental compartments together (or, indeed, apart) was eventually bound to go ping and leave me..."

Yeah, well, I agree with that part, at least, uhh. So utterly pathetic to distract attention from the main culprits in government - the regulators of all this nonsense - to conveniently pillory the 'poor' 'innocent' Masters of the Universe, A L Kennedy. After all, it was Greenspan + Co who permitted the game as it was palyed then until now. The ony question was why and, again, the question is what they intend to do to once again hijack the world financial markets.

What has happened more recently is that food and fuel in poorer countries have become increasingly unaffordable. But that has extended to G20 countries too as the new economics was used to manipulate and distort statistical figures to fund budgets by stealing from social security and health and education, etc etc. Thus another game has been played - also by the regulators (your governments) - to make their political masters look popular but fiddling the books on essential projects and nessessary welfare expenditure.

So what is new? Lets look at this example from Australia from last week where an economic stimulus package was focussed mainly upon irate pensioners who were about to kick the ruling party out of the state governments and possibly out of the federal parliament as well.....

Quote: "Prime Minister Kevin Rudd's $4.8 billion hand-out to pensioners may be well-intended to soften the blow of their impending hardship but, in real terms, it is simply government handing back what it has already stripped away by years of fiddling with the inflation data. Who is the big welfare cheat? According to Mark Beavan, a senior advisor to government and corporations, the systematic manipulation of the consumer price inflation data in both Australia and other developed nations has cost pensioners billions of dollars - dollars which have conversely helped to wipe out government debt...

As an example of how removed from reality the ABS calculations and assumptions can be, imagine that a loaf of bread costs $5 and you buy four loaves a week. If it cost $3 previously, you would be worse off to the tune of $8 a week. The ABS, however, might argue that you are in fact better off and that inflation has fallen. The ABS could assume under their new calculations that, at $5 a loaf, we would only buy three loaves a week instead of four loaves thereby saving $5..." http://business.theage.com.au/business/pensioners-ripped-off...

Zoetrope
29 October 2008 at 02:02

This protest sign on Wall Street speaks volumes: (http://www.flickr.com/photos/stoller/2907411559/)

Hope you had a nice birthday, bubbles and all.

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