What's really happening here is that we have an irreconcilable split between the north and south of Europe. In particular I'm thinking about Germany, the Netherlands, and Finland and there are very strong political voices saying, 'We do not want to go on bailing out southern European countries.' And bear in mind that Cyprus is now the fifth country out of 17 that's needed to be bailed out. And that is why the Germans extracted the terms that they did...
Even in my direst predictions of this parliament over the years -- about the way the EU bosses were behaving -- never did I think that they would resort, in an unprecedent manner, to stealing money from people's bank accounts...
[The EU] can't afford Cyprus to fail, it can't afford Greece to fail, Portugal, Spain, or Ireland. They know that if one country goes, the whole house of cards will come tumbling down. And countries like Germany will realize vast losses, possibly as much as one trillion Euros. So they are prepared now to do anything -- literally anything -- to try and keep the Euro afloat and that is why they've now resorted to, as I say, as what can only be described as theft.
And now they've done it one country, they're quite capable of doing it in Italy, Spain, Portugal, or anywhere else. And the message that sends to people with savings in banks in those countries is, certainly if I was them, get your money out while you can...
What the British government needs to do is to say to the hundreds of thousands of pensioners living in Spain is, for goodness sake, get your money out of that country and have a monthly transfer to pay your bills...
[The message is] Don't invest in the Eurozone. Do. Not. Invest. In the Eurozone. You've got to be mad to do so, because it's now run by people who don't respect democracy, don't respect the rule of law, don't respect the basic principles upon which Western Civilization is supposed to be based.
They are propping up a Eurozone that is, in the end, going to collapse in a disastrous failure and they're prepared to do anything to do so. I think this decision... the German-dominated nature of this decision... is the worst decision we've seen so far in this whole Eurozone crisis.
In what is perhaps a simple coincidence, Germany's Commerzbank has helpfully suggested a 15 percent wealth tax in Italy to drive government debt down to "acceptable" levels.
This has been discussed in America as well, though in slightly different terms. The Federal Government is DYING to get their hands on all the cash in 401k plans. Their solution is to seize the assets in 401k plans and replace it with a "government-backed annuity" where they take our money now and promise to pay us a monthly sum in the future, and KEEP THE REST WHEN WE DIE!
Governments steal because they can. Once they realize they can with little blowback, the steal more and more often. Then they give that stolen money away to others who they consider "more worthy."
We will all have to take our medicine before long. Denying reality is the only strong trait that is possessed by politicians. The meek are about to perish!
This is the cannery in the coal mine of oppressive governance.
It is time for the people to take steps to stop the cycle of theft and vote buying with a stoppage at the source.
Strikes by the people paying the bills may be the only way to stop the insanity by peaceful means.
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