THE BEAUTIFUL DEBT

yo!...game over...innit!

PALOOKAVILLE FINANCIAL

...final score...


...here in palookaville...


...the game is up...

Recovery? Who are you trying to kid?

We are in a deep hole – and it looks like we’ll be down there for quite some time, says Jeremy Warner.

...course...jezzer used to be a booster...

...but...

...that was then...



JOIN THE CLUB

Portsmouth goes into administration

...hoping to win trophies with debt...


...debt and players wages bust the club...


...football is as bust as the banks...


...why not grow your own local players and...


...play football...


...not financial games...?

California is a greater risk than Greece, warns JP Morgan chief

...debt is doom...

THE SILVER BULLET

yo!...kimosabe...innit!

PALOOKAVILLE FINANCIAL

Christmas Special

...this Christmas...


...here in...


...palookaville...


...a great hero rides to the rescue...


THE LOAN ARANGER


...even though the banks are all bust...


...and the government coffers are empty...


...public spending will rise...


...government debt will increase...


...suckers will keep us all afloat...


ONLY A FOOL WOULD SAY THAT





...when you have the lone ranger on your side...


...nothing can go wrong for long...


...he will fire his silver bullet at the debt...


...and it will disappear...


I HAVE SEEN THIS WITH MY OWN EYES


...it's all recorded in black and white...


...we used to see him every week on tv...


...even his horse is silver...


...he wears a mask...


...and has a native american sidekick...


...together they make the quantum jump...




petey...hiho silver aaaawwaaaaayyyyyyy!

OH DEAR...

yo!...bummer...innit!

PENSIONS KAPUTNIK DAY


...here in palookagrad today...


...the planners are breaking the bad news to the proles...


...you have to work longer folks...


...THEY AIN'T NO JOBS...


...you have to come off incapacity benefit and go to work...


...only...


...THEY AIN'T NO JOBS...


POLITICAL SUICIDE


...everyone knows something has to give...


...but...


...not that it should be given by them...


...the fact is that the government has bust the country...


...and that their index-linked pensions are safe...


...not to mention their buy-to-let portfolios...


...paid for by expenses claims (us)...


don't worry


...we will not have to work longer though...


...because...


1. they ain't no jobs...


2. most middle class people work for the government...


3. that means index-linked pensions from age 60...


4. the rest will be on benefits...


5. only idiots who have saved money will pay...


6. obviously that is a very small number...

VD day

yo!...top...innit!

PALOOKAVILLE FINANCIAL

capitulation day+345

...here in...

...palookaville...

...they think it's all over...

Now it’s looking like V for victory over recession

...everybody knows...

...government sucks...

WE HAVE WAYS OF MAKING YOU INVEST

...the souffle...

...will rise again...

...a recovery will be crammed down our throats...

...like it or not...

...he who prints the money...

...calls the shots...

VICTORY DEPRESSION DAY

...labor day to be renamed...

...every year the unemployed will get one day of work...

...it will mark the end of summer...

...the end of the recession that never was...

is it breakfast yet?

THE BULLISH EMPIRE

yo!...tip of the iceberg...innit!

PALOOKAGRAD FINANCIAL

capitulation day

+305

...don't worry...

...be happy...

STATE OF PLAY

...the world economy has collapsed...

...world trade has disappeared...

...a deflationary spiral has taken hold...

...debt has replaced credit...

...politicians are in disgrace...

...not yet because they caused this disaster...

...but because many have been found to be fiddling their expenses...

...that they have increased their own salaries and pensions...

...whilst making us all...

...much poorer...

NOBODY KNOWS WHAT WE'VE DONE

...here in...

...palookagrad...

...we are so busy watching all the dreary sh*t...

...on state tv...

...that we are blissfully unaware...

...that we are bust...

...the politix are in hock to the banks...

...and have been made to bail them out...

...at our expense...

ALL TOMORROW'S PENSIONS

...the only money coming in to pay for all the public sector salaries and pensions...

...is being borrowed...

...when the suckers...

...figure this out...

...we will be in big trouble...

...for now...

...party on dudes...

Rising, Rising, Rising...

yo!..rawhide...innit!

PALOOKAVILLE FINANCIAL
capitulation day
+247...


...the story so far...


...the clever b*stards that run the financial world...


...have bust the banks...


...in turn...


...the banks have bust the sovereign states...


...the sovereign debts...


...have spooked the bond market...


WELCOME TO THE END OF THE WORLD


...apparently...


...it all started with property speculation...


...caused by bubble money...


...when the bubble burst...


...many, many, many...


...suckers got taken out...


...the politix...


...were busy with their expences claims...


...and their business interests...


...they are either responsible for the current mess...


...or incompetent...


...that is...


...guilty...


...or...


...stupid...



KEEP THEM RATES A RISING

..."Yields on 10-year Treasury bonds have risen relentlessly since March when the Fed first announced its plan to buy $300bn (£188bn) of US government debt directly, a move that briefly forced rates down to nearly 2.5pc, a level thought to be the Fed's implicit target.

Yields have jumped to 3.69pc – after spiking as high as 3.74pc on Wednesday – pushing up the standard 30-year mortgage loan to 5.08pc and lifting the borrowing cost for corporations...."

...Daily Telegraph...

LOSE THE DOLLAR

...here in...

...palookaville...

...we can't gloat...

...as we have our own currency problems...

...we could all go down together...

SLOW BOAT TO NOWHERE

...in China...

...they are hoping for a new world currency...

...and a new world order...

...first though...

...they may have to start buying some of their own stuff...

RALLY ROUND THE RALLY

...sucker, sucker...

...off the wall...

...will still be long...

...when markets fall...

THEY ALSO THINK


...that have no brains at all...


...it's the property stupid...


...the collateral is not what it was...


...every time it falls...


...well it's not...


...pennies from heaven...