For months now we have been bombarded with information about the 'Financial Crisis' the Euro Zone, Growth, Inflation etc. etc. etc.
It's really hard to get your head around what's going on. The language used is so technical.
We get an inkling of what is happening in Greece, Spain and Ireland and hope to hell that doesn't happen here.
Is it all our fault because we borrowed too much so we have to bail out the banks with the money that used to go for public services and welfare?
Would you like to understand why we are bailing out the banks in simple language such as:
"So the simple reason our rulers insist on bailing out the banks is that by doing so the wealthy and the powerful are simply bailing out themselves and guaranteeing the continuation of a system which suits them perfectly."
"The classic neo-liberal, Free-Market world view says only the markets produce wealth while the state is parasitic upon it. It is the logic which wants to turn Great Britain in to Britain Plc."
"Banking is about making maximum profit for those who own the banks (shareholders), those to whom the banks owe money (The Bond holders) and increasingly the senior staff whose bonuses depend not on how much the bank has helped anybody, but on how much money the bank has made. And the fact of our present predicament is that the banks can make much more money, much more rapidly by playing, even deepening, this recession than they can by trying to help us out of it."
See here http://bit.ly/S6bcrb