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Monday, 26 October 2009

Bailed out banks are now our creditors: destruction awaits

Essentially, we've bailed out banks, by giving them our money and they, being the purchasers of government debt, are therefore our creditors.

So we've given them money (created out of thin air) which they are loaning back to us, at interest.

Isn't that a clever trick?

It doesn't stop there.  The money created out of thin air, imaginatively called "quantative easing", will reduce the value of our money.

The question is, if Cameron and Osborne are aware of this, what are they going to do about it?

Listen to Professor Chossudovsky as he explains how our governments have allowed bankers to swindle us.



Where will all this lead?

You need look no further than what happened to Argentina, when most of its utilities and previously state-owned organisations were farmed out to the globalists (which includes the IMF). This is a truly harrowing story and it is well worth watching all 12 parts. They are set to auto-play.



Hat tip: Fekkwitz Ahoy

8 comments:

Trooper Thompson said...

"if Cameron and Osborne are aware of this, what are they going to do about it?"

I think you know the answer to both those questions, being: yes, and fuck all.

Osborne's a Bilderberg legate. I'm sure he was given his orders at the Rothschild estate this summer.

banned said...

"will reduce the value of our money"
Well that was stunningly obvious at the time, no different than just printing more money without the gold to back it or loaning out more money than you have assets X 20 times 'leverage'.
Argentina has been an object lesson in how not to do things since about 1900.

Fausty said...

So many on the ConHome Blog are eager to believe in Cameron, Trooper, and appear to be giving him the benefit of the doubt. I share your concern!

Banned, yes it was obvious - as was the pending crash. But over time, more pieces of the jigsaw fit together, more people analyse the process and join up more dots.

So now, we have an altogether different picture of how the scam worked than when we started.

The cry last year from the banks and their crooked government prostitutes was "the sky is falling".

While we looked up at the darkening in fear, the b@stards stole the carpet from under our feet.

banned said...

The bit about privatising highways and charging per mile was very interesting, is it happening here or was that mad-cap scheme cancelled ?

Fausty said...

Ditto.

They've stopped mentioning the pay-as-you-drive but apparently the reader units are still being installed along new roads, and wherever there are roadwords on motorways. (No wonder the M4 is seldom without bollards!)

The water privatisation rang some bells, too. Not sure I like the idea of a private company having the sole right of access to my water supply!

If Monsanto has its way, private companies will own the rights to our food (GMO).

hair loss said...

Why might the level of government debt affect government incentives concerning monetary policy?

Fausty said...

The debt level is unsustainable and would bankrupt the country. To pay off their debt, politicians are persuaded to take on more - which makes matters worse.

Politicians know this, but their palms (as in Argentina's case) are greased to encourage them to work against their country's interests - so that the corporations can bleed the country dry. Then move on to another.

Corruption is at the heart of it. Everone has his price.

Government debt should always be strictly controlled - as it was under the gold standard. What we now call money, has no intrinsic worth. Our money system is a ponzi scheme.

Steven_L said...

Interesting vid. In 2002 when I was a student I had an Argy girl and and her Spanish mate I met walking home from the clubs over for a bottle of wine and a chat.

"You have good government, they only steal 10% of your money. In most countries they steal 30 or 40% of your money. Our government they stole 100% of our money" She said.

Now I know what she meant!

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