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How is Ireland going to dig its way out?
Max Keiser & friends in Ireland
ECB = European Central Bank
It's THE issue of the day.
Are sovereign governments going to take on the debts of failed PRIVATE banks?
Iceland said "no" and the world didn't come to an end.
Irish voters voted out the politicians who wanted to bend to the ECB, but the new politicians are going to do it anyway.
Why are governments doing this to their people?
It's the trillion dollar question.
There is no ethical, practical or financial reason why the public should take on the bad bets of bankers good, not in Ireland, not in the US, not anywhere.
There's only one reasonable explanation: the government stooges are being paid off. In exchange for wrecking their own country's economies and the livelihoods and prospects for millions of people, THEY'VE been assured that they will be taken care of.
Max is right. Guilotines are an appropriate remed in this case.
The US has made the decision that its taxpayers are
going to shoulder the debts of its crooked banks and
the financial wreckage they've created.
Iceland took the other path and let its banks deal with
their own mess.
The issue is still open in some places like in Ireland.
Here's the conversation there...luckily for us, Max Keiser
is on the panel.
Video:
http://www.realecontv.com/page/1557.html
Kathyet