Sadness

It is sad.

Banking in general has committed numerous crimes against humanity. First of all by showing their own incompetence and -within the bank- the incompetence of wizz-kids that invented their 'own' high risk newly invented financial products, based on the ideas their econometrically inclined professorini (measured by their brain potential: small professors) bestowed upon them. These professorini are too stupid to dance in the presence of demi-gods like Markowitz, Black (R.I.P.), Scholes and Rubinstein to name a few. They (the professorini) are like collegues of yet unconvicted criminals like Julio P. or Demjanjuk, or Maxima Z. or Willem-A of O-N and others who await their judges for charges of crimes against humanity. Banking is collectively guilty of fraud, riskfull actions that lead to the (near) death of their employers financial institutions and more.

It is sad.

Governments all over Europe and beyond have seen the light (or the lack of it) and are massively promoting the end of workers' rights. In the UK, in France, in Germany, in the Netherlands and elsewhere public Pay-as-you-Go pensions are restricted to those that have been working till ages between 66 and 70. These plans do not result in future budgets governments can spend on yet a series of other useless endeavours, but -by mere stupidity- will result in losses (a too long story to tell now) and higher state deficits. But in the media these government plans receive much applause -sadly- because of the fact that it 'shows' their plans on how to correct (=inhibit) socially accepted minimum security arrangements.

It is sad.

To see that stupid actions by a few result in even more stupid actions that will impoverish millions. A few Democratic members of US Congress stand in the way of health insurance for ALL Americans where nowadays 40 million of them live (and die) without such insurance. In the Netherlands the government in power presents plans to restrict state pensions to those that worked untill 67 instead of 65, based on the fact that harsh conditions (a recession) demand harsh measures....

It is sad.

That this happens in a political system that most of us define as democracy, where I define it as democracy for the few and at the same time dictatorship for the masses. As long as governments present plans to rob millions of their rights, fascism is nearer than god.