Bailouts and Bonus Culture Shows the Corruption of Western Democracy

*Bailouts and bonus culture shows the corruption of western democracy * The monetary crisis engulfing the Wests leading economies shows no signs of abating. In desperation to indite their economies we devour seen the British and American governments announce bailout after bailout in order to revive their economies as the financial sector crashes and industrial output slumps. They have resorted to borrowing ever more ample amounts of cash, mainly financed by surplus rich nations such as China and the oil rich Muslim nations such as Saudi Arabia and the UAE buying their government issued treasury bonds. In desperation, they have even started to print more money, more respectably referred to by western sandwich economists as quantitative easing, a original sign of the bankruptcy literally of their economies and most crucially of their heavy economic and political policies. In a relatively gyp space of time these apparently wealthy and powerful Western governments have been thrown into panic and disarray. The events since August 2007 have been very remarkable. As it has become damningly clear it is the entire banking system in these countries, which over the years leveraged itself many times over in casino style investments, that is at the heart of this Western originated crisis.

For years the West has lived make easy money, financed mainly by foreigners to give a mirage of illusionary wealth that never really existed. sort of the illusion was created by huge interest based impute bubbles to dupe their domestic publics into believing all was well and that they were wealthy. In reality they were not and it was inevitable that at some propose the penny would drop and the credit bubbles would crash and collapse in on themselves as is now the case. In attempts to stave off the failure and bankruptcy of their banking systems various Western governments, in ill-tempered the British and American governments, have doled out Billions and Billions of either pounds or dollars to... If you want to get a full essay, order it on our website: Orderessay

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