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The End of Capitalism

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Tom Dennen
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Consider S.A. Reserve Bank Mr. Mboweni's Repo rate – a complete opposite of the western debt based economy's and consider the ANC's commitment to a labour- (resource)-based platform for the coming elections – and don't yell 'radical' at me during the coming transition.

*Sources: Aristotle's Writings; Global Research: ("The bank bailout plan announced on October 3 involved using taxpayer money to buy up mortgage-related securities from troubled banks. This was supposed to reduce the need for new capital by reducing the amount of risky assets on the banks' books. But the banks' risky assets include derivatives – speculative bets on market changes – and derivative exposure for U.S. banks is now estimated at a breathtaking $180 trillion.2 The sum represents an impossible-to-fill black hole that is three times the gross domestic product of all the countries in the world combined. As one critic said of Paulson's roundabout bailout plan, "this seems designed to help Hank's friends offload trash, more than to clear a market blockage.")  Wikipedia; Indiana University – Purdue University Indianapolis.

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Tom is a contributor to public debate on issues affecting our survival; works with a London and a South African think tank, is a working journalist and author.
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