Main ITEM of the day.
BY Irish Times – Social media
RECAP ON NAMA AND GOV AND ECB ARRANGEMENT:
SOLVENCY OF IRISH BANKS
It is worth pointing out that artificially keeping large numbers of people in a state of economic deprivation is a policy of the financial system.
Production is abundant, though many producers are going bankrupt because their output is not being bought.
Repossessed homes in the US will number 1.2 million this year, with a further 3.2 million at some stage of foreclosure. The houses are there, but financial considerations prevent people from owning them.
This disjuncture between what can be produced and what can be purchased for consumption is the key to economic insecurity and poverty. If the money system was modified in such a way as to bring them into harmony, then stories such as the one this lady tells would become very rare.
Remember, this system was not designed with the idea of making life good for people. It has been set up in order to control them