...While we were in Ireland the government decided to transfer 750 million euros of taxpayer funds to unsecured Anglo Irish bondholders. To paraphrase Max Keiser from his first evening at Kilkenomics, "what part of 'unsecured' don't you understand? It means f%^k you!"
The response to this wealth transfer from citizen to private corporation, needless to say, did not go down well with the Irish population. Such wealth transfer is, we all know, happening globally, rapidly and blatantly at the moment. But history demonstrates that this lack of recourse for populations unable to stop the blatant theft and wealth transfer - never ends well. And we see that in the global financial and political systems spiraling out of control. Leaders across Europe are falling. Only to be replaced with another front man for the same frauds. Germany and France are now talking of downsizing the eurozone. Why, however, would Germany want to be in any union with France which will require $416 billion on their exposure to Italy's bad debts? Then there are the bad debts of Greece, Ireland, Spain, Portugal, the US, sitting on the books of Societe Generale, BNP Paribas and other French banks. Teaser:
SilverFuturist Update