CL Financial bailout – restating the Case

“…Tell no lies. Expose lies whenever they are told. Mask no difficulties, mistakes, failures. Claim no easy victories…”
—Amilcar Cabral, 1924-1973

counterfactual (plural counterfactuals)

  1. A claim, hypothesis, or other belief that is contrary to the facts.

This is the start of my Season of Reflection, my two-month period of deeper and hopefully more fruitful work. This article will appear on Wednesday, 31 July, the next day being Emancipation Day (1 August 1834), the real start of the Season, the next point being Independence Day on 31 August (1962) and the third is Republic Day on 24 September (1976). The meaning of those events is deep, as they denote the outlawing of slavery of African people to the end of British colonial rule and then the birth of our Republic, crystallizing real equality amongst humans, at an aspirational level at least. The special sequence of those holidays adds to the Season as part of our efforts to build a civilisation.

This special Season of Reflection, I am going to be taking a fresh look at the CL Financial collapse and bailout to see how those can cast a certain light. Continue reading “CL Financial bailout – restating the Case”

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