The Gathering Tempest

I can do no better than link this report with links to world press coverage on the growing economic crisis from Abu Dhabi titled "Credit crisis turns into Global Meltdown" linked here. The full implications of the mass nationalisation of British Banks cannot become clear until further details become known. The basis seems clear, however, a group of grossly incompetent and untrustworthy lying politicians are about to borrow more vast sums to save the skins of a number of Boards of devious and unscrupulous Banks who are in debt due to their own greed and incompetence. At the Downing Street press conference just concluded Brown and Darling point blank refused to accept the fact of their own complicity. Great Britain's credit rating and the foreign exchange markets will be the obvious arbiters of these doubtful deals. Heaven help all of us with any dependence on the UK Government.