WILLS COMMENTS :
Okay so continuing my thread from yesterday relating to the idea of who is ultimately responsible for ‘drowning Ireland in debt’.
I’ve found this interesting blog today by BBC Paul Mason : BBC – Newsnight: Paul Mason: Alien 2010: will this toxic spillage burn through the Euro? In his blog post he develops the idea that *debt* is now so toxic its burning through all locking safeguard systems in place in the private central banking superstructure.
Now how is this relevant to my thread. Well it follows on the idea that tsunami of debt flooded Ireland coming from German – English banks and its unleashing maybe has gone awry in some way for the debt making industrialists. German banks have an exposure of 100 billion and this is the official number only.
The question of EU commissions and regulatory agencies must be asked ~
WHO ARE THEY WORKING ON BEHALF OF, THE EU CITIZENRY OR THE PRIVATE BANKING INDUSTRY OWNERS?
Now take a look at this comment posted to me on another site recently :
I am neither an economist nor a banker so I can only offer you my two pence worth. I liken the bank lenders to drug dealers with the exact same modus operandi which is to get their victims hooked on their wares. Once hooked the banks will keep you in a perpetual state of need. The bankers are even more insidious than drug dealers because they take a lien on your assets at the same time they are shafting you by getting you hooked. The guys in charge know that sooner or later the music will stop and at the end there will be an enormous mess to clean up but the cost of doing so is less by a huge percentage than the stupendous profits made along the way.
Why do regulators look the other way? Because too much money is made in the banking system during the waltz and when the music stops you me and our children pay for the toxic mess paying loans back to the same scumbags who caused the trouble in the first place.
One more thing this agenda to drive down the minimum wage is more evidence of this rush to keep the citizens subjugated because I for one will never be convinced that the min wage of €8.65 per hour threatened our balance of payments but by reducing peoples ability to save means it will increase their need to borrow to make up for the shortfall in the standard of livening. I can assure you if you are misfortunate enough to have to live on the now 7.65/hr it could mean the difference between going hungry or not before the next pay check.