After a bank robbery gone wrong and hostage situation in Sweden, authorities found they could not persuade anyone to testify against the ‘criminals‘. During the siege, police behaved more recklessly and put the hostages in even greater danger the robbers had. Captor and captive under mutual threat had an immediate bonding, victims transformed into allies and scientists still have a hard time explaining it all.
People can learn to love captivity and those holding them, initially at least against their will. Many scientific studies have proven the theory only to be discredited later when it was found that it doesn’t actually work on everybody all of the time. The key it seems is that events must reach a critical point for the bonding to happen, and it helps if participants are all of the same ethnicity and have somewhat common sets of beliefs.
How fitting that this term was invented during a bank robbery and maintains it’s relevance after the biggest heist multi-cultural Britain has ever not witnessed. If you missed Professor William K. Black’s article on US financial CEOs and the praise some peolpe are heaping on them, it might be a good idea to look it over but be warned, chronic head-shaking will follow. The same folks have branch offices in The City.
Governments could pull the plug on chicanery at the drop of a hat but neither the majority of the public nor the financial services community would tolerate such a thing due to the greater catastrophe that’s sure to ensue. Shapers of New Labour’s societal-wrecking policies knew since before 1997 that they would require a great amount of legislation (4,238) in preparation for the day John Bull was rudely awakened from his slumber, the day he realised whose interest all the politicians actually represent.
Rigging financial services rules was a top priority for Blair and his cronies during the credit boom. Shopaholics and owners of a lot of ‘stuff’ now find that it ‘owns’ them rather than the other way around. People got on the property ladder only to discover stealthy tax obligations that put some in nearly immediate negative equity. But one needs a roof over their head and everyone trudges on doing the best they can ‘hoping‘ things will ‘change‘ for the better when there’s realistically no end in sight.
Government prepared for the worst because they’ve engineered this collision of worlds and know what’s coming. What are you doing? Have you sold any of that tat and bought precious metals to preserve your wealth however meagre? Did you make certain that your food supply and dry goods are enough to ride out the coming storm? Hedge fund managers are buying farms and talking like survivalists, that should be your last clue, you need to be ready. Here’s what Dr. Marc Faber predicts for the USA!