13 thoughts on ““It seems to be that every big trading disaster happens in London.”

  1. flicks

    Some people who have power think something is about to happen that is bad; gold is getting smashed.

  2. Patrick

    As Nicholas Shaxson points out in his book Treasure Islands, the special “offshore” status of the “City” of London needs to be addressed. But no politician would be brave enough to overturn centuries of self-interest and kill what has been hitherto the golden goose.

  3. Blah blah

    Pot, meet Kettle.
    Funny article, without the cesspit that is the City of London then Wall St. wouldn’t get away with a fraction of what it does. Wall St. facilitates so much of the voodoo that allows the US to appear to be solvent and not as financially bankrupt as it is morally, not to mention making the members of senate and congress filthy rich. It’s a circle jerk with each person calling the guy jacking them off a filthy whore.
    It’s no different to the current non-story in the UK over “popular” entertainers passing earnings through Jersey to avoid paying tax, Cameron and Osbourne would not be where they are today without Daddy-dearest knocking up a tax efficient trust system to keep the proles from dipping into their pockets.

  4. John Kennard

    Wall Street and London City work hand-in-hand as a central axis of the evil that is the global corporate plutocracy, most notably in their recent looting and destruction of the world economy via the Oil Bubble of 2006-8

    http://jdkabc.blogspot.com/2011/08/imtob.html

    which has been dropped right down into the global-plutocracy-owned mass media’s “memory hole”.

    Not to mention that of the legislatures of the United States and United Kingdom.

    And the United States inherited its two-plutocratic-party system (presently consisting of the Wall Street Republicans and the Wall Street Democrats) from the United Kingdom, which nonetheless now seems to have evolved a three-plutocratic-party system, the London City Tories, London City Labour and London City Liberal Democrats.

  5. Alastair Carnegie

    Deregulation increases risk, risk increases losses, losses increases debt and debt is converted into assets. Sooo the more deregulation, the more the risk, the more losses, the more debt and so more assets…..?????????…..So more deregulation increases risk, risk increases losses, losses increases debt and debt is converted into assets. Sooo the more deregulation, the more the risk, the more losses, the more debt and so more assets…..???????????…..Soooo more deregulation increases risk, risk increases losses, losses increases debt and debt is converted into assets. Sooo the more deregulation, the more the risk, the more losses, the more debt and so more assets……???????????….. So more deregulation increases risk, risk increases losses, losses increases debt and debt is converted into assets. Sooooooo the more deregulation, the more the risk, the more losses, the more debt and so more ASS-ETS.etc., etc., etc, . The first three letters of the word ” ASSET ” ARE THE MOST IMPORTANT!

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