Its probably fair to say that capital in Russia, China and the West is inextricably tied together, along with the Arabs. China is the supreme diplomat and ensures that it is seen to be Muslim friendly with rank and file whilst it earns its bread and ...

US Re-escalates, Responds To Iran Warning

There's very little Germany can do. The problem is in the Anglo-Saxon countries, Spain and Portugal. All Germany can do at the moment is acquiesce in kicking the can down the road. The problem lies in the overvalued housing stock whose portfolios ...

The Decline and Fall of the Euro?

Iran is not known for its big picture diplomacy. They see small segments of it then extrapolate that into what they want to see. That has always been the way with the Islamic world which variously thumps its chest then retreats with more on the ...

US Re-escalates, Responds To Iran Warning

Hmmmmm.

Construction Spending And The Housing Quagmire

It's gradually dawning on people that the banks are seriously indebted. I am anticipating a major adjustment in house prices in the Anglo-Saxon countries, Spain and Portugal.

Greeks, Italians moving cash out of banks

I am not so sure. The sub-prime fiasco has essentially placed unquantifiable annual losses on the books of the banks. No one knows who owns what anymore as these documents have ruptured links to title. So I suspect that there is more going on than ...

Did Psychopaths Take Over Wall Street Asylum?

bobn I actually believe that one component of capitalist efficiency is multi-faceted wealth creation (derivatives). The fact that the subprime documentation failed has more to do with legal incompetence and of course blind greed. However, I don't ...

Did Psychopaths Take Over Wall Street Asylum?

It wasn't an ethical choice that made me leave. I recognised that I was just another resource and that as soon as I became dispensable, I would be gone. Which is perfectly valid as had I been them, that is precisley how I would have acted. I wasn't ...

Did Psychopaths Take Over Wall Street Asylum?

I know of savers who were ripped off...but went in to dodge tax!! Thats how deep the rot has set in. Thieves robbing thieves to be blunt. So there's more to this than bad Wall Street. Its in the too big basket I reckon. But it works after a fashion.

Did Psychopaths Take Over Wall Street Asylum?

@Richard My personal actions are related to my political views. I don't really place much credence on this notion of ethics. However, the human mind does not operate in a vacuum. When Thatcher gave the official green light for greed as a virtue, she ...

Did Psychopaths Take Over Wall Street Asylum?

bobn I was over there in the '80's working and it was bad enough back then. I can't imagine what it must be like now with open EU borders.

Eurozone collapse 'starts this year' says CEBR

My daughter who is over in the UK on her working holiday has had heaps of Poms asking her about moving over here to New Zealand. Apparently its a blimmin mess over there. Sorry to hear that mate.

Eurozone collapse 'starts this year' says CEBR

I am simply trying to state a fact but evidently failing. Frankly, there is nothing we can do about this state of affairs. No matter who is in government in our capitalist system, this is how it will pan out. Even with the best of intentions, it ...

Did Psychopaths Take Over Wall Street Asylum?

I worked as a lawyer and can reassure you that constitutionally, nothing much has changed in the Anglo-Saxon countries. In any event, there are people with a conscience in all sectors. But the human condition hasn't changed where it comes to the ...

Did Psychopaths Take Over Wall Street Asylum?

I don't think that Europe has the capacity to emulate London's financial services prowess. Part of it has to do with England's legal system.

Eurozone collapse 'starts this year' says CEBR

I guess we will have to agree to disagree. However, my experience of the financial services sector (and even politics) suggests that a certain kind of individual would excel there. Thats just the way it is, it seems to me and I cant see how it can ...

Did Psychopaths Take Over Wall Street Asylum?

I worked in the accounting sector as a tax lawyer and I saw it all....from staff to clients. And I personally don't see how they can be dealt with as a power group. Which is why I walked and set up on my own. edit: and these sub-prime derivatives ...

Did Psychopaths Take Over Wall Street Asylum?

I'm just playing devils advocate here. And incidentally, I would class Thatcher and Reagan in that group. I think the kind of manipulation you are considering is acutely visible where personal gain is concerned. These names you listed were ...

Did Psychopaths Take Over Wall Street Asylum?

Their ability to function without empathy gives them an advantage in the leadership stakes and I suspect there are more of them out there than we realise. They can be exceptionally creative but come with a sting in the tail. Invariably betrayal or ...

Did Psychopaths Take Over Wall Street Asylum?

In times of aplenty, we adore these people. We elevate them to the stature of demi-gods. Our whole way of life and economy is premised around their skill at mastering greed (the trickle down theory). So why the questions?

Did Psychopaths Take Over Wall Street Asylum?