All The Bail-Out Systems Under The Sun Cannot Make The Eurozone Work!
- You cannot solve a debt problem with more debts (bailouts)! The Illuminist banksters and their politician puppets know this. Do not be deceived by the MSM. These snakes are not out to help the Eurozone people. It is about building the crisis into ever bigger proportions and using it to scare the hell out of the sheeple to push through the Illuminist’s agenda for a World Government, One World Currency and Global Supra-National Central Bank! Let me assure you that the Illuminists are setting the stage for a catastrophic collapse of the Eurozone to complete their financial rape of the sheeple!
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All the bail-out systems under the sun cannot make the eurozone work!
By Roger Bootle, http://www.telegraph.co.uk/
Another week, another summit. This week’s shindig of EU leaders in Brussels will be bound to focus on efforts to shore up the euro.
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Once again, it is likely to disappoint. The main issue is well-known; bail-outs for indigent, non-tax-paying southerners at the expense of hard-working northerners. The form book tells us that even if they come up with something, the proffered solution will be too little, too late.
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But the real issue goes deeper. All the bailout mechanisms under the sun cannot make the euro-zone work. Such bailouts are still, in the end, loans. Even if the interest rates are set very low, interest is due to be paid and the debt eventually to be repaid.
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What would make some difference is if the money provided were not some sort of loan but rather an outright gift. Such gifts can be made in advance (although they rarely are) or after the event, when they are called write-offs. Sometimes a recipient itself turns what was once a loan into a gift.
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This is called a default. But northern countries understandably don’t want their past loans turned into gifts, and they don’t want to be forced to make new gifts until the crack of doom.
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